Filing Flows › LiveOne (LVO) › Q2 FY26
LiveOne (LVO) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Nov 14, 2025
LiveOne (LVO) reported revenue of $18.8M for the second quarter fiscal 2026 (Q2 FY26), -42% from a year earlier and -2% from the quarter before. Operating margin was -24.4%, net loss $5.7M (30.4% of revenue).
LiveOne, Q2 FY26: revenue $18.8M (-42% year over year), operating margin -24.4%, net loss $5.7M, operating cash flow −$3.2M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $18.8M | -2% | -42% |
| Operating profit | −$4.6M | — | — |
| Net earnings | −$5.7M | — | — |
| Operating cash flow | −$3.2M | — | — |
What changed
Revenue was $18.8M in Q2 FY26, down 42% year over year and down 2% from the previous quarter. Advertising was the largest line at 81% of revenue. Membership Services lost $16.4M year over year (down 84%), 119% of the total change.
Operating costs exceeded revenue by $4.6M, an operating margin of -24.4%. Total costs fell 31% while revenue fell 42%. The quarter ended with a net loss of $5.7M, wider than the previous quarter's $3.9M loss. Minority interests bore $163K of it: to shareholders the quarter was a loss of $5.5M.
Operating cash flow was −$3.2M. Non-cash charges added back $224K of depreciation and amortization and $2.2M of share-based compensation. Capital expenditures of $824K exceeded it, leaving free cash flow of −$4.0M.
Questions
What was LiveOne's revenue in the second quarter fiscal 2026?
LiveOne (LVO) reported revenue of $18.8M for the second quarter fiscal 2026 (Q2 FY26), -42% from a year earlier and -2% from the quarter before.
Was LiveOne profitable in the second quarter fiscal 2026?
Operating loss was $4.6M (-24.4% of revenue) and net loss $5.7M.
Source: LiveOne 10-Q on SEC EDGAR.