Filing Flows › Live Ventures (LIVE) › Q2 FY25
Live Ventures (LIVE) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 8, 2025
Live Ventures (LIVE) reported revenue of $107M for the second quarter fiscal 2025 (Q2 FY25), -10% from a year earlier and -4% from the quarter before. Operating margin was 2.0%, net earnings $15.9M (14.8% of revenue).
Live Ventures, Q2 FY25: revenue $107M (-10% year over year), operating margin 2.0%, net earnings $15.9M, operating cash flow $231K. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $107M | -4% | -10% |
| Gross profit | $35.1M | -0.6% | -0.9% |
| Operating profit | $2.1M | +175% | — |
| Net earnings | $15.9M | 32× | — |
| Operating cash flow | $231K | -98% | — |
What changed
Revenue was $107.0M in Q2 FY25, down 10% year over year and down 4% from the previous quarter. Steel Manufacturing was the largest line at 29% of revenue. Retail - Flooring lost $4.6M year over year (down 14%), 40% of the total change.
Gross margin was 32.8%, up 2.9 points from a year earlier. Operating profit was $2.1M, a 2.0% margin (up 2.7 points year over year). Operating expenses fell 9% while revenue fell 10%. Net earnings were $15.9M. The effective tax rate was 24.8%. Non-operating items added $19.0M, 90% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $231K, 1% of net earnings. Non-cash charges added back $4.4M of depreciation and amortization and $49K of share-based compensation. Working capital and other items used $20.1M. Capital expenditures of $2.5M exceeded it, leaving free cash flow of −$2.3M.
Questions
What was Live Ventures' revenue in the second quarter fiscal 2025?
Live Ventures (LIVE) reported revenue of $107M for the second quarter fiscal 2025 (Q2 FY25), -10% from a year earlier and -4% from the quarter before.
Was Live Ventures profitable in the second quarter fiscal 2025?
Operating profit was $2.1M (2.0% of revenue) and net earnings $15.9M.
Source: Live Ventures 10-Q on SEC EDGAR.