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LiveWire Group cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$12.9M in Q3 2026 · −$49.8M over twelve months

Operating cash flow−$11.9M
Capital spending−$996K
Free cash flow−$12.9M

Analysis

In Q3 2026, LiveWire Group generated −$11.9M of operating cash flow and spent $996K on capital projects, leaving free cash flow of −$12.9M. That is $1.1M more than in Q3 2025 (−$14.0M).

Over the twelve months to Sep 30, 2026, operating cash flow was −$46.2M; the largest uses were operating cash flow ($46.2M), capital spending ($3.6M), buybacks ($1.1M); besides operations, cash came from other financing ($74.0M), shares issued ($1.0M); the cash balance rose by $23.6M.

Operating cash flow was −$11.9M against net income of −$18.6M. The largest differences: payables +$4.4M, depreciation & amortization +$2.7M, inventory −$2.5M.

Free cash flow

LiveWire Group: free cash flow by quarterLiveWire Group: free cash flow by quarter−$23.3MQ4 2024−$18.1MQ1 2025−$16.3MQ2 2025−$14.0MQ3 2025−$8.9MQ4 2025−$13.7MQ1 2026−$14.3MQ2 2026−$12.9MQ3 2026
Operating cash flow less capital spending.
LiveWire Group: operating cash flow against capital spendingLiveWire Group: operating cash flow against capital spendingOperating cash flowCapital spending−$21.9M$1.4MQ4 2024−$17.5M$613KQ1 2025−$14.9M$1.4MQ2 2025−$13.3M$735KQ3 2025−$7.9M$1.0MQ4 2025−$13.0M$688KQ1 2026−$13.4M$846KQ2 2026−$11.9M$996KQ3 2026
Latest (Q3 2026): Operating cash flow −$11.9M, Capital spending $996K.

Capital allocation, year by year

LiveWire Group: where the cash came from (up) and went (down), by fiscal yearLiveWire Group: where the cash came from (up) and went (down), by fiscal yearOperating cash flowShares issuedCapital spendingBuybacksFY2021: Operating cash flow −$74.5MFY2021: Capital spending −$10.0MFY2021FY2022: Operating cash flow −$89.7MFY2022: Capital spending −$14.1MFY2022FY2023: Operating cash flow −$83.5MFY2023: Capital spending −$13.5MFY2023: Buybacks −$2.0MFY2023FY2024: Operating cash flow −$93.9MFY2024: Capital spending −$8.1MFY2024: Buybacks −$1.4MFY2024FY2025: Operating cash flow −$53.5MFY2025: Shares issued $2.2MFY2025: Capital spending −$3.8MFY2025: Buybacks −$1.0M$2.2MFY2025
Over these 5 years operating cash flow totalled −$395M; the largest uses were operating cash flow ($395M) and capital spending ($49.4M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$39.9M
Debt$76.8M
Net debt$36.9M
Cash runway10 months

LiveWire Group is burning cash: its operations consume cash, a free cash flow of −$49.8M a year at the current rate against $39.9M of cash and investments: a runway of about 10 months before any new financing.

Where the cash came from and went

LiveWire Group: sources (+) and uses (−) of cash, Q3 2026LiveWire Group: sources (+) and uses (−) of cash, Q3 2026Cash drawn (+) / kept (−)$12.9MOperating cash flow−$11.9MCapital spending−$996KExchange rates−$19KBuybacks−$1K
LiveWire Group: sources (+) and uses (−) of cash, TTM to Q3 2026LiveWire Group: sources (+) and uses (−) of cash, TTM to Q3 2026Other financing$74.0MOperating cash flow−$46.2MCash drawn (+) / kept (−)−$23.6MCapital spending−$3.6MBuybacks−$1.1MShares issued$1.0MOther investing−$375KExchange rates−$118K

From profit to cash

LiveWire Group: net income to operating cash flow, Q3 2026LiveWire Group: net income to operating cash flow, Q3 2026Net income−$18.6MDepreciation & amortization$2.7MStock-based pay$1.2MOther non-cash−$60KReceivables$1.1MInventory−$2.5MPayables$4.4MPrepaid and other assets$1.1MOperating cash flow−$11.9M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026−$11.9M−$996K−$1K——$12.9M−$12.9M
Q2 2026−$13.4M−$846K−$54K——$14.6M−$14.3M
Q1 2026−$13.0M−$688K−$807K−$800K—$15.3M−$13.7M
Q4 2025−$7.9M−$1.0M−$265K—$908K−$66.5M−$8.9M
Q3 2025−$13.3M−$735K——$1.3M$13.0M−$14.0M
Q2 2025−$14.9M−$1.4M−$509K——$16.9M−$16.3M
Q1 2025−$17.5M−$613K−$250K——$18.2M−$18.1M
Q4 2024−$21.9M−$1.4M−$517K——$24.0M−$23.3M

LiveWire Group: income statement and cash flow

LiveWire Group, Q3 2026: revenue $7.9M (+38% year over year), operating margin -222.7%. The chart follows the revenue to costs, profit and cash.

LiveWire Group: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.