LiveWire Group (LVWR) Financials

$2.22 -0.02 (-0.67%)

As of 10:19 AM Eastern

Annual Income Statements for LiveWire Group

This table shows LiveWire Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-78	-68	-79	-110	-94
Consolidated Net Income / (Loss)	-78	-68	-79	-110	-94
Net Income / (Loss) Continuing Operations	-78	-68	-79	-110	-94
Total Pre-Tax Income	-77	-68	-79	-109	-94
Total Operating Income	-77	-68	-85	-116	-110
Total Gross Profit	-25	-2.57	2.90	-5.77	-13
Total Revenue	31	36	47	38	27
Operating Revenue	31	36	47	38	27
Total Cost of Revenue	56	38	44	44	39
Operating Cost of Revenue	56	38	44	44	39
Total Operating Expenses	52	66	88	110	98
Selling, General & Admin Expense	52	66	88	110	98
Total Other Income / (Expense), net	-0.16	0.61	5.98	6.52	16
Interest Expense	0.13	-0.31	0.48	0.00	0.00
Interest & Investment Income	-	-	1.19	11	5.70
Other Income / (Expense), net	-0.03	0.30	5.27	-4.02	11
Income Tax Expense	0.36	0.14	-0.03	0.08	0.04
Basic Earnings per Share	($0.48)	($0.42)	($0.46)	($0.54)	($0.46)
Weighted Average Basic Shares Outstanding	-	-	202.40M	203.16M	203.47M
Diluted Earnings per Share	($0.48)	($0.42)	($0.46)	($0.54)	($0.46)
Weighted Average Diluted Shares Outstanding	-	-	202.40M	203.16M	203.47M
Weighted Average Basic & Diluted Shares Outstanding	-	-	202.40M	203.16M	203.47M

This table shows LiveWire Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	-21	-22	-21	-41	-15	-33	-24	-25	-23	-23
Consolidated Net Income / (Loss)	-21	-22	-21	-41	-15	-33	-24	-25	-23	-23
Net Income / (Loss) Continuing Operations	-21	-22	-21	-41	-15	-33	-24	-25	-23	-23
Total Pre-Tax Income	-21	-23	-21	-41	-15	-33	-24	-25	-23	-23
Total Operating Income	-21	-29	-25	-32	-25	-34	-30	-28	-27	-25
Total Gross Profit	0.97	2.28	1.26	-2.94	1.09	-5.19	-4.13	-1.78	-1.52	-5.35
Total Revenue	15	9.22	7.76	7.03	8.14	15	4.98	6.45	4.45	11
Operating Revenue	15	9.22	7.76	7.03	8.14	15	4.98	6.45	4.45	11
Total Cost of Revenue	14	6.94	6.50	9.97	7.05	20	9.11	8.23	5.97	16
Operating Cost of Revenue	14	6.94	6.50	9.97	7.05	20	9.11	8.23	5.97	16
Total Operating Expenses	22	31	26	29	26	29	26	26	25	20
Selling, General & Admin Expense	22	31	26	29	26	29	26	26	25	20
Total Other Income / (Expense), net	0.08	6.25	3.76	-8.68	11	0.68	6.77	3.39	3.83	2.48
Interest Expense	0.00	-0.02	-2.69	-2.75	-2.73	8.17	-2.02	-1.60	-1.25	4.86
Other Income / (Expense), net	0.08	5.03	1.07	-11	8.04	-1.69	4.76	1.79	2.58	1.64
Income Tax Expense	-0.00	-0.19	0.00	0.06	-0.00	0.02	-0.00	0.03	0.00	0.02
Basic Earnings per Share	($0.13)	($0.11)	($0.10)	($0.20)	($0.07)	($0.17)	($0.12)	($0.12)	($0.11)	($0.11)
Weighted Average Basic Shares Outstanding	-	202.40M	202.41M	202.54M	202.54M	203.16M	203.16M	203.25M	203.25M	203.47M
Diluted Earnings per Share	($0.13)	($0.11)	($0.10)	($0.20)	($0.07)	($0.17)	($0.12)	($0.12)	($0.11)	($0.11)
Weighted Average Diluted Shares Outstanding	-	202.40M	202.41M	202.54M	202.54M	203.16M	203.16M	203.25M	203.25M	203.47M
Weighted Average Basic & Diluted Shares Outstanding	-	202.40M	202.41M	202.54M	202.54M	203.16M	203.16M	203.25M	203.25M	203.47M

This table details how cash moves in and out of LiveWire Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	1.35	0.27	263	-97	-103
Net Cash From Operating Activities	-54	-75	-90	-83	-94
Net Cash From Continuing Operating Activities	-54	-75	-90	-83	-94
Net Income / (Loss) Continuing Operations	-78	-68	-79	-110	-94
Consolidated Net Income / (Loss)	-78	-68	-79	-110	-94
Depreciation Expense	3.94	4.72	4.40	5.83	10
Non-Cash Adjustments To Reconcile Net Income	3.66	4.00	-8.87	14	-0.45
Changes in Operating Assets and Liabilities, net	16	-15	-6.27	5.97	-9.52
Net Cash From Investing Activities	-3.24	-9.95	-14	-13	-8.07
Net Cash From Continuing Investing Activities	-3.24	-9.95	-14	-13	-8.07
Purchase of Property, Plant & Equipment	-3.24	-9.95	-14	-13	-8.07
Net Cash From Financing Activities	58	85	366	-0.41	-1.44
Net Cash From Continuing Financing Activities	58	85	366	-0.41	-1.44
Repurchase of Common Equity	-	0.00	0.00	-1.97	-1.44
Issuance of Debt	5.53	2.10	15	0.00	0.00
Issuance of Common Equity	0.00	0.00	294	0.00	0.00
Other Financing Activities, net	54	84	57	1.56	0.00
Effect of Exchange Rate Changes	-	-	-	0.00	-0.10

This table details how cash moves in and out of LiveWire Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	97	163	-29	-20	-16	-32	-27	-28	-25	-24
Net Cash From Operating Activities	-27	-25	-25	-17	-15	-28	-23	-26	-23	-22
Net Cash From Continuing Operating Activities	-27	-25	-25	-17	-14	-28	-23	-26	-23	-22
Net Income / (Loss) Continuing Operations	-21	-22	-21	-41	-15	-33	-24	-25	-23	-23
Consolidated Net Income / (Loss)	-21	-22	-21	-41	-15	-33	-24	-25	-23	-23
Depreciation Expense	0.91	0.68	0.67	0.71	1.44	3.02	2.33	2.72	2.70	2.30
Non-Cash Adjustments To Reconcile Net Income	-1.19	-6.06	0.79	14	-5.05	4.36	4.81	-6.10	-0.12	0.95
Changes in Operating Assets and Liabilities, net	-5.33	2.32	-4.86	9.19	3.92	-2.28	-6.42	2.23	-2.99	-2.34
Net Cash From Investing Activities	-3.21	-5.15	-4.65	-3.53	-2.80	-2.49	-3.24	-1.84	-1.58	-1.41
Net Cash From Continuing Investing Activities	-3.21	-5.15	-4.65	-3.53	-2.80	-2.49	-3.24	-1.84	-1.58	-1.41
Purchase of Property, Plant & Equipment	-3.21	-5.15	-4.65	-3.53	-2.80	-2.49	-3.24	-1.84	-1.58	-1.41
Net Cash From Financing Activities	127	194	0.00	0.00	1.55	-1.97	-0.71	-0.22	-	-0.52
Net Cash From Continuing Financing Activities	127	194	0.00	0.00	1.55	-1.97	-0.71	-0.22	-	-0.52
Repurchase of Common Equity	-	-	0.00	-	-	-1.97	-0.71	-0.22	-	-0.52
Effect of Exchange Rate Changes	-	-	-	-	-	-	-	-	-	-0.21

This table presents LiveWire Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024
Total Assets	62	352	266	148
Total Current Assets	30	302	211	98
Cash & Equivalents	2.67	265	168	64
Accounts Receivable	6.90	2.85	7.70	4.27
Inventories, net	17	29	32	27
Other Current Assets	3.56	4.63	3.00	2.71
Plant, Property, & Equipment, net	18	32	38	34
Total Noncurrent Assets	14	18	18	16
Goodwill	8.33	8.33	8.33	8.33
Intangible Assets	2.27	1.81	1.35	1.06
Noncurrent Deferred & Refundable Income Taxes	0.07	0.00	0.00	0.01
Other Noncurrent Operating Assets	3.47	8.17	8.06	6.20
Total Liabilities & Shareholders' Equity	62	352	266	148
Total Liabilities	42	45	60	33
Total Current Liabilities	28	34	46	30
Accounts Payable	9.01	13	24	12
Accrued Expenses	16	20	21	18
Other Current Liabilities	1.15	1.31	1.15	0.39
Total Noncurrent Liabilities	14	11	14	2.99
Noncurrent Deferred & Payable Income Tax Liabilities	0.19	0.02	0.09	0.12
Other Noncurrent Operating Liabilities	8.13	11	14	2.87
Commitments & Contingencies	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	20	307	206	115
Total Preferred & Common Equity	20	307	206	115
Preferred Stock	0.00	0.00	0.00	0.00
Total Common Equity	20	307	206	115
Common Stock	0.00	329	340	344
Retained Earnings	0.00	-22	-132	-226
Treasury Stock	-	0.00	-1.97	-3.41
Accumulated Other Comprehensive Income / (Loss)	0.15	0.00	0.02	0.01

This table presents LiveWire Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	326	310	296	237	205	178
Total Current Assets	273	256	240	182	151	127
Cash & Equivalents	236	216	200	141	113	88
Accounts Receivable	1.77	5.08	5.25	3.14	2.38	2.21
Inventories, net	31	32	33	35	34	33
Other Current Assets	3.90	2.72	1.95	3.13	2.04	3.36
Plant, Property, & Equipment, net	33	36	38	38	37	35
Total Noncurrent Assets	20	19	18	17	17	16
Goodwill	8.33	8.33	8.33	8.33	8.33	8.33
Intangible Assets	1.69	1.58	1.46	1.25	1.19	1.12
Noncurrent Deferred & Refundable Income Taxes	-	-	-	0.01	0.01	0.01
Other Noncurrent Operating Assets	9.71	9.03	8.54	7.38	7.09	6.61
Total Liabilities & Shareholders' Equity	326	310	296	237	205	178
Total Liabilities	38	61	57	53	46	41
Total Current Liabilities	29	41	45	44	39	36
Accounts Payable	12	22	26	27	20	16
Accrued Expenses	15	17	18	16	18	19
Other Current Liabilities	1.39	1.39	1.40	0.91	0.69	0.51
Total Noncurrent Liabilities	9.20	21	12	9.18	7.12	4.70
Noncurrent Deferred & Payable Income Tax Liabilities	0.02	0.08	0.08	0.09	0.11	0.11
Other Noncurrent Operating Liabilities	9.19	20	12	9.09	7.02	4.59
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	287	249	239	184	159	138
Total Preferred & Common Equity	287	249	239	184	159	138
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	287	249	239	184	159	138
Common Stock	331	333	337	342	342	344
Retained Earnings	-44	-84	-99	-156	-180	-203
Treasury Stock	-	-	-	-2.68	-2.90	-2.90
Accumulated Other Comprehensive Income / (Loss)	-	-	-0.01	-0.00	-0.01	-0.00

This table displays calculated financial ratios and metrics derived from LiveWire Group's official financial filings.

Metric	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-
Revenue Growth	0.00%	16.02%	30.80%	-18.81%	-29.96%
EBITDA Growth	0.00%	13.65%	-19.20%	-51.66%	21.57%
EBIT Growth	0.00%	11.94%	-17.39%	-50.60%	17.02%
NOPAT Growth	0.00%	11.52%	-24.60%	-36.53%	4.86%
Net Income Growth	0.00%	11.96%	-15.59%	-38.78%	14.26%
EPS Growth	0.00%	12.50%	-9.52%	-17.39%	14.81%
Operating Cash Flow Growth	0.00%	-38.77%	-20.31%	6.93%	-12.46%
Free Cash Flow Firm Growth	0.00%	0.00%	-3.87%	-2.38%	-15.95%
Invested Capital Growth	0.00%	0.00%	64.67%	-8.66%	33.51%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	18.27%	-13.98%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-8.83%	11.05%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	-10.70%	10.62%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-4.39%	7.16%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-10.77%	9.89%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-12.50%	11.54%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	-2.57%	5.74%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	4.12%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-1.64%	2.97%
Profitability Metrics	-	-	-	-	-
Gross Margin	-80.86%	-7.19%	6.20%	-15.18%	-48.00%
EBITDA Margin	-236.99%	-176.40%	-160.75%	-300.28%	-336.22%
Operating Margin	-249.67%	-190.42%	-181.40%	-305.05%	-414.36%
EBIT Margin	-249.77%	-189.58%	-170.15%	-315.62%	-373.92%
Profit (Net Income) Margin	-251.34%	-190.73%	-168.55%	-288.12%	-352.66%
Tax Burden Percent	100.46%	100.20%	99.96%	100.07%	100.05%
Interest Burden Percent	100.17%	100.40%	99.10%	91.22%	94.27%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	-378.20%	-178.05%	-204.21%	-174.30%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-1,152.18%	-163.07%	-191.11%	-159.95%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-307.29%	129.73%	161.47%	115.78%
Return on Equity (ROE)	0.00%	-685.49%	-48.32%	-42.74%	-58.52%
Cash Return on Invested Capital (CROIC)	0.00%	-578.20%	-226.92%	-195.15%	-203.00%
Operating Return on Assets (OROA)	0.00%	-109.57%	-38.52%	-38.84%	-48.10%
Return on Assets (ROA)	0.00%	-110.23%	-38.16%	-35.46%	-45.36%
Return on Common Equity (ROCE)	0.00%	-685.49%	-48.32%	-42.74%	-58.52%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-342.75%	-25.73%	-53.22%	-81.59%
Net Operating Profit after Tax (NOPAT)	-54	-48	-59	-81	-77
NOPAT Margin	-174.77%	-133.29%	-126.98%	-213.53%	-290.05%
Net Nonoperating Expense Percent (NNEP)	0.00%	773.98%	-14.98%	-13.09%	-14.35%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-19.38%	-39.44%	-67.11%
Cost of Revenue to Revenue	180.86%	107.19%	93.80%	115.18%	148.00%
SG&A Expenses to Revenue	168.81%	183.23%	187.60%	289.87%	366.36%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	168.81%	183.23%	187.60%	289.87%	366.36%
Earnings before Interest and Taxes (EBIT)	-77	-68	-80	-120	-100
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-73	-63	-75	-114	-90
Valuation Ratios	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	11.13	8.49
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	11.68	9.25
Price to Revenue (P/Rev)	0.00	0.00	0.00	60.25	36.71
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	55.93	18.02
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	55.83	34.29
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-
Debt to Equity	0.00	0.40	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.29	0.00	0.00	0.00
Financial Leverage	0.00	0.27	-0.80	-0.84	-0.72
Leverage Ratio	0.00	3.11	1.27	1.21	1.29
Compound Leverage Factor	0.00	3.12	1.26	1.10	1.22
Debt to Total Capital	0.00%	28.60%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	8.18%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	20.42%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	71.40%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	-0.13	0.00	0.00	0.00
Net Debt to EBITDA	0.00	-0.08	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	-0.09	0.00	0.00	0.00
Debt to NOPAT	0.00	-0.17	0.00	0.00	0.00
Net Debt to NOPAT	0.00	-0.11	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	-0.12	0.00	0.00	0.00
Altman Z-Score	0.00	0.00	0.00	21.50	14.24
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-
Current Ratio	0.00	1.07	8.77	4.55	3.29
Quick Ratio	0.00	0.34	7.78	3.80	2.30
Cash Flow Metrics	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-73	-76	-78	-90
Operating Cash Flow to CapEx	-1,656.31%	-749.06%	-636.89%	-619.98%	-1,163.35%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-159.56	0.00	0.00
Operating Cash Flow to Interest Expense	-413.18	0.00	-188.80	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-438.13	0.00	-218.45	0.00	0.00
Efficiency Ratios	-	-	-	-	-
Asset Turnover	0.00	0.58	0.23	0.12	0.13
Accounts Receivable Turnover	0.00	5.19	9.61	7.21	4.45
Inventory Turnover	0.00	2.28	1.91	1.43	1.33
Fixed Asset Turnover	0.00	2.00	1.89	1.10	0.74
Accounts Payable Turnover	0.00	4.26	4.03	2.39	2.23
Days Sales Outstanding (DSO)	0.00	70.30	37.98	50.62	82.02
Days Inventory Outstanding (DIO)	0.00	159.74	191.15	255.60	273.47
Days Payable Outstanding (DPO)	0.00	85.70	90.56	152.99	164.02
Cash Conversion Cycle (CCC)	0.00	144.34	138.57	153.23	191.47
Capital & Investment Metrics	-	-	-	-	-
Invested Capital	0.00	25	42	38	51
Invested Capital Turnover	0.00	2.84	1.40	0.96	0.60
Increase / (Decrease) in Invested Capital	0.00	25	16	-3.60	13
Enterprise Value (EV)	0.00	0.00	0.00	2,123	913
Market Capitalization	0.00	0.00	0.00	2,291	978
Book Value per Share	$0.00	$0.00	$1.52	$1.02	$0.57
Tangible Book Value per Share	$0.00	$0.00	$1.47	$0.97	$0.52
Total Capital	0.00	28	307	206	115
Total Debt	0.00	7.98	0.00	0.00	0.00
Total Long-Term Debt	0.00	5.70	0.00	0.00	0.00
Net Debt	0.00	5.31	-265	-168	-64
Capital Expenditures (CapEx)	3.24	9.95	14	13	8.07
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	1.52	2.25	-3.44	4.07
Debt-free Net Working Capital (DFNWC)	0.00	4.19	267	164	69
Net Working Capital (NWC)	0.00	1.90	267	164	69
Net Nonoperating Expense (NNE)	24	21	19	28	17
Net Nonoperating Obligations (NNO)	0.00	5.31	-265	-168	-64
Total Depreciation and Amortization (D&A)	3.94	4.72	4.40	5.83	10
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	4.24%	4.80%	-9.06%	15.28%
Debt-free Net Working Capital to Revenue	0.00%	11.69%	571.15%	432.53%	257.23%
Net Working Capital to Revenue	0.00%	5.31%	571.15%	432.53%	257.23%
Earnings Adjustments	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	($0.54)	($0.46)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	203.16M	203.47M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	($0.54)	($0.46)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	203.16M	203.47M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	203.16M	203.47M
Normalized Net Operating Profit after Tax (NOPAT)	-54	-48	-59	-81	-77
Normalized NOPAT Margin	-174.77%	-133.29%	-126.98%	-213.53%	-290.05%
Pre Tax Income Margin	-250.19%	-190.34%	-168.62%	-287.91%	-352.50%
Debt Service Ratios	-	-	-	-	-
EBIT to Interest Expense	-592.96	0.00	-167.76	0.00	0.00
NOPAT to Interest Expense	-414.91	0.00	-125.20	0.00	0.00
EBIT Less CapEx to Interest Expense	-617.91	0.00	-197.41	0.00	0.00
NOPAT Less CapEx to Interest Expense	-439.86	0.00	-154.84	0.00	0.00
Payout Ratios	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	-1.80%	-1.54%

This table displays calculated financial ratios and metrics derived from LiveWire Group's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	-25.37%	-43.82%	-44.63%	63.71%	-35.87%	-8.21%	-45.42%	-28.69%
EBITDA Growth	0.00%	0.00%	-63.48%	-138.39%	20.82%	-40.00%	-0.72%	44.62%	-33.95%	34.31%
EBIT Growth	0.00%	0.00%	-52.52%	-125.35%	17.37%	-48.65%	-7.66%	39.26%	-38.36%	33.40%
NOPAT Growth	0.00%	0.00%	-58.65%	-65.24%	-20.55%	-16.89%	-22.14%	11.94%	-4.66%	25.21%
Net Income Growth	0.00%	0.00%	-32.34%	-108.05%	30.39%	-47.49%	-11.81%	39.10%	-55.67%	31.16%
EPS Growth	0.00%	0.00%	0.00%	-66.67%	46.15%	-54.55%	-20.00%	40.00%	-57.14%	35.29%
Operating Cash Flow Growth	0.00%	0.00%	-29.02%	10.59%	44.70%	-8.22%	6.62%	-55.96%	-57.37%	20.72%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	81.70%	41.64%	48.18%	-51.74%
Invested Capital Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-8.66%	-16.90%	38.36%	27.53%	33.51%
Revenue Q/Q Growth	17.61%	-37.33%	-15.80%	-9.48%	15.91%	85.30%	-67.01%	29.55%	-31.07%	142.09%
EBITDA Q/Q Growth	-11.80%	-15.61%	-0.05%	-84.35%	62.86%	-104.41%	28.02%	-1.37%	10.18%	-0.24%
EBIT Q/Q Growth	-8.69%	-13.85%	0.02%	-82.15%	60.15%	-104.81%	27.59%	-2.76%	9.21%	1.42%
NOPAT Q/Q Growth	-8.61%	-37.36%	13.75%	-28.41%	20.76%	-33.19%	9.87%	7.42%	5.82%	4.83%
Net Income Q/Q Growth	-6.97%	-7.14%	5.75%	-92.61%	64.21%	-127.01%	28.55%	-4.91%	8.51%	-0.39%
EPS Q/Q Growth	-8.33%	15.38%	9.09%	-100.00%	65.00%	-142.86%	29.41%	0.00%	8.33%	0.00%
Operating Cash Flow Q/Q Growth	-42.60%	3.97%	3.69%	32.20%	11.80%	-87.90%	16.89%	-13.23%	11.00%	5.35%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	19.20%	-1.23%	64.45%	37.06%	-157.64%	10.10%	-4.10%
Invested Capital Q/Q Growth	0.00%	0.00%	23.76%	-35.34%	16.04%	-1.64%	12.61%	7.65%	6.95%	2.97%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	6.56%	24.69%	16.28%	-41.84%	13.41%	-34.38%	-82.90%	-27.63%	-34.20%	-49.75%
EBITDA Margin	-136.20%	-251.25%	-298.53%	-607.98%	-194.78%	-214.86%	-468.82%	-366.83%	-478.04%	-197.95%
Operating Margin	-142.94%	-313.27%	-320.88%	-455.22%	-311.19%	-223.68%	-611.13%	-436.73%	-596.74%	-234.59%
EBIT Margin	-142.40%	-258.67%	-307.12%	-618.02%	-212.49%	-234.86%	-515.55%	-408.95%	-538.67%	-219.36%
Profit (Net Income) Margin	-142.39%	-243.42%	-272.44%	-579.73%	-179.00%	-219.29%	-474.97%	-384.63%	-510.55%	-211.71%
Tax Burden Percent	99.98%	99.15%	100.00%	100.16%	99.99%	100.05%	99.98%	100.11%	100.01%	100.07%
Interest Burden Percent	100.01%	94.91%	88.71%	93.66%	84.25%	93.33%	92.14%	93.95%	94.77%	96.44%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	-247.11%	-385.99%	-741.89%	-362.96%	-149.74%	-320.13%	-267.35%	-294.60%	-98.68%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-246.27%	-382.85%	-724.89%	-366.12%	-145.37%	-318.89%	-264.25%	-291.74%	-94.28%
Return on Net Nonoperating Assets (RNNOA)	0.00%	212.91%	314.35%	628.12%	306.89%	122.82%	255.16%	212.93%	223.65%	68.25%
Return on Equity (ROE)	0.00%	-34.20%	-71.64%	-113.76%	-56.07%	-26.92%	-64.97%	-54.42%	-70.95%	-30.44%
Cash Return on Invested Capital (CROIC)	0.00%	-182.36%	0.00%	0.00%	0.00%	-195.15%	-162.16%	-240.03%	-213.73%	-203.00%
Operating Return on Assets (OROA)	0.00%	-58.56%	-41.67%	-77.07%	-23.08%	-28.90%	-64.56%	-55.01%	-70.34%	-28.22%
Return on Assets (ROA)	0.00%	-55.10%	-36.96%	-72.29%	-19.45%	-26.99%	-59.47%	-51.74%	-66.67%	-27.23%
Return on Common Equity (ROCE)	0.00%	-34.20%	-71.64%	-113.76%	-56.07%	-26.92%	-64.97%	-54.42%	-70.95%	-30.44%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	-29.26%	-42.25%	-41.46%	0.00%	-60.97%	-60.44%	-75.72%	0.00%
Net Operating Profit after Tax (NOPAT)	-15	-20	-17	-22	-18	-24	-21	-20	-19	-18
NOPAT Margin	-100.06%	-219.29%	-224.62%	-318.66%	-217.83%	-156.57%	-427.79%	-305.71%	-417.72%	-164.21%
Net Nonoperating Expense Percent (NNEP)	0.00%	-0.84%	-3.15%	-16.99%	3.16%	-4.37%	-1.25%	-3.10%	-2.86%	-4.40%
Return On Investment Capital (ROIC_SIMPLE)	-	-6.59%	-	-	-	-11.48%	-	-	-	-15.35%
Cost of Revenue to Revenue	93.44%	75.31%	83.72%	141.84%	86.59%	134.38%	182.90%	127.63%	134.20%	149.75%
SG&A Expenses to Revenue	149.50%	337.96%	337.17%	413.38%	324.59%	189.30%	528.22%	409.10%	562.54%	184.83%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	149.50%	337.96%	337.17%	413.38%	324.59%	189.30%	528.22%	409.10%	562.54%	184.83%
Earnings before Interest and Taxes (EBIT)	-21	-24	-24	-43	-17	-35	-26	-26	-24	-24
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-20	-23	-23	-43	-16	-32	-23	-24	-21	-21
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	4.54	9.60	5.88	11.13	7.97	0.00	9.01	8.49
Price to Tangible Book Value (P/TBV)	0.00	0.00	4.71	9.99	6.14	11.68	8.41	0.00	9.67	9.25
Price to Revenue (P/Rev)	0.00	0.00	29.54	61.75	43.66	60.25	41.56	0.00	40.04	36.71
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	20.79	65.39	31.19	55.93	30.96	0.00	23.40	18.02
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	24.20	56.17	37.44	55.83	37.55	0.00	37.19	34.29
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.00	-0.86	-0.82	-0.87	-0.84	-0.84	-0.80	-0.81	-0.77	-0.72
Leverage Ratio	0.00	1.27	1.13	1.25	1.24	1.21	1.19	1.26	1.26	1.29
Compound Leverage Factor	0.00	1.20	1.01	1.17	1.05	1.12	1.10	1.19	1.19	1.24
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	0.00	0.00	21.07	23.50	14.91	22.55	16.05	0.00	17.05	15.93
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	8.77	9.38	6.27	5.29	4.55	4.13	3.91	3.54	3.29
Quick Ratio	0.00	7.78	8.18	5.41	4.52	3.80	3.27	2.98	2.52	2.30
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	0.00	-69	-56	-56	-20	-13	-32	-29	-30
Operating Cash Flow to CapEx	-828.27%	-494.59%	-528.18%	-471.93%	-525.26%	-1,106.98%	-707.81%	-1,410.10%	-1,461.35%	-1,554.30%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	-2.45	0.00	0.00	0.00	-6.25
Operating Cash Flow to Interest Expense	-8,848.67	0.00	0.00	0.00	0.00	-3.38	0.00	0.00	0.00	-4.50
Operating Cash Flow Less CapEx to Interest Expense	-9,917.00	0.00	0.00	0.00	0.00	-3.68	0.00	0.00	0.00	-4.79
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.23	0.14	0.12	0.11	0.12	0.13	0.13	0.13	0.13
Accounts Receivable Turnover	0.00	9.61	24.95	7.61	6.13	7.21	14.36	9.29	8.30	4.45
Inventory Turnover	0.00	1.91	1.29	1.15	0.93	1.43	1.40	1.35	1.32	1.33
Fixed Asset Turnover	0.00	1.89	1.33	1.09	0.85	1.10	0.99	0.96	0.85	0.74
Accounts Payable Turnover	0.00	4.03	3.24	1.66	1.19	2.39	2.33	2.12	2.08	2.23
Days Sales Outstanding (DSO)	0.00	37.98	14.63	47.93	59.56	50.62	25.42	39.29	43.95	82.02
Days Inventory Outstanding (DIO)	0.00	191.15	283.25	316.12	392.93	255.60	260.39	270.63	277.00	273.47
Days Payable Outstanding (DPO)	0.00	90.56	112.78	220.05	305.66	152.99	156.70	172.37	175.35	164.02
Cash Conversion Cycle (CCC)	0.00	138.57	185.09	144.00	146.84	153.23	129.12	137.55	145.61	191.47
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	42	51	33	39	38	43	46	49	51
Invested Capital Turnover	0.00	1.13	1.72	2.33	1.67	0.96	0.75	0.87	0.71	0.60
Increase / (Decrease) in Invested Capital	0.00	0.00	51	33	39	-3.60	-8.69	13	11	13
Enterprise Value (EV)	0.00	0.00	1,069	2,175	1,204	2,123	1,323	0.00	1,151	913
Market Capitalization	0.00	0.00	1,305	2,390	1,404	2,291	1,464	0.00	1,240	978
Book Value per Share	$0.00	$1.52	$1.42	$1.23	$1.18	$1.02	$0.90	$0.78	$0.68	$0.57
Tangible Book Value per Share	$0.00	$1.47	$1.37	$1.18	$1.13	$0.97	$0.86	$0.74	$0.63	$0.52
Total Capital	0.00	307	287	249	239	206	184	159	138	115
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	0.00	-265	-236	-216	-200	-168	-141	-113	-88	-64
Capital Expenditures (CapEx)	3.21	5.15	4.65	3.53	2.80	2.49	3.24	1.84	1.58	1.41
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	2.25	7.69	-0.85	-5.42	-3.44	-2.76	-0.29	2.99	4.07
Debt-free Net Working Capital (DFNWC)	0.00	267	244	215	195	164	138	113	91	69
Net Working Capital (NWC)	0.00	267	244	215	195	164	138	113	91	69
Net Nonoperating Expense (NNE)	6.23	2.22	3.71	18	-3.16	9.46	2.35	5.09	4.13	5.11
Net Nonoperating Obligations (NNO)	0.00	-265	-236	-216	-200	-168	-141	-113	-88	-64
Total Depreciation and Amortization (D&A)	0.91	0.68	0.67	0.71	1.44	3.02	2.33	2.72	2.70	2.30
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	4.80%	17.40%	-2.20%	-16.85%	-9.06%	-7.84%	-0.85%	9.66%	15.28%
Debt-free Net Working Capital to Revenue	0.00%	571.15%	551.50%	555.41%	605.08%	432.53%	392.38%	325.19%	295.29%	257.23%
Net Working Capital to Revenue	0.00%	571.15%	551.50%	555.41%	605.08%	432.53%	392.38%	325.19%	295.29%	257.23%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	($0.11)	($0.10)	($0.20)	($0.07)	($0.17)	($0.12)	($0.12)	($0.11)	($0.11)
Adjusted Weighted Average Basic Shares Outstanding	0.00	202.40M	202.41M	202.54M	202.54M	203.16M	203.16M	203.25M	203.25M	203.47M
Adjusted Diluted Earnings per Share	$0.00	($0.11)	($0.10)	($0.20)	($0.07)	($0.17)	($0.12)	($0.12)	($0.11)	($0.11)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	202.40M	202.41M	202.54M	202.54M	203.16M	203.16M	203.25M	203.25M	203.47M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	202.40M	202.41M	202.54M	202.54M	203.16M	203.16M	203.25M	203.25M	203.47M
Normalized Net Operating Profit after Tax (NOPAT)	-15	-20	-17	-22	-18	-24	-21	-20	-19	-18
Normalized NOPAT Margin	-100.06%	-219.29%	-224.62%	-318.66%	-217.83%	-156.57%	-427.79%	-305.71%	-417.72%	-164.21%
Pre Tax Income Margin	-142.42%	-245.50%	-272.44%	-578.82%	-179.02%	-219.19%	-475.05%	-384.20%	-510.51%	-211.55%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-6,981.33	0.00	0.00	0.00	0.00	-4.34	0.00	0.00	0.00	-4.85
NOPAT to Interest Expense	-4,905.37	0.00	0.00	0.00	0.00	-2.89	0.00	0.00	0.00	-3.63
EBIT Less CapEx to Interest Expense	-8,049.67	0.00	0.00	0.00	0.00	-4.64	0.00	0.00	0.00	-5.14
NOPAT Less CapEx to Interest Expense	-5,973.70	0.00	0.00	0.00	0.00	-3.20	0.00	0.00	0.00	-3.92
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	-1.80%	-2.39%	-3.01%	-2.78%	-1.54%

Frequently Asked Questions About LiveWire Group's Financials

When does LiveWire Group's fiscal year end?

According to the most recent income statement we have on file, LiveWire Group's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has LiveWire Group's net income changed over the last 4 years?

LiveWire Group's net income appears to be on an upward trend, with a most recent value of -$93.93 million in 2024, rising from -$77.57 million in 2020. The previous period was -$109.55 million in 2023.

What is LiveWire Group's operating income?

LiveWire Group's total operating income in 2024 was -$110.36 million, based on the following breakdown:

Total Gross Profit: -$12.78 million
Total Operating Expenses: $97.57 million

How has LiveWire Group revenue changed over the last 4 years?

Over the last 4 years, LiveWire Group's total revenue changed from $30.86 million in 2020 to $26.63 million in 2024, a change of -13.7%.

How much debt does LiveWire Group have?

LiveWire Group's total liabilities were at $32.85 million at the end of 2024, a 45.5% decrease from 2023, and a 21.8% decrease since 2021.

How much cash does LiveWire Group have?

In the past 3 years, LiveWire Group's cash and equivalents has ranged from $2.67 million in 2021 to $265.24 million in 2022, and is currently $64.44 million as of their latest financial filing in 2024.

How has LiveWire Group's book value per share changed over the last 4 years?

Over the last 4 years, LiveWire Group's book value per share changed from 0.00 in 2020 to 0.57 in 2024, a change of 56.6%.

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This page (NYSE:LVWR) was last updated on 4/15/2025 by MarketBeat.com Staff

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LiveWire Group (LVWR) Financials

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LiveWire Group (LVWR) Financials

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