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LiveWire Group (LVWR) Q2 2025 earnings results (second quarter 2025)

10-Q filed Aug 6, 2025

LiveWire Group (LVWR) reported revenue of $5.9M for the second quarter 2025 (Q2 2025), -9% from a year earlier and +114% from the quarter before. Operating margin was -311.0%, net loss $18.8M (320.6% of revenue).

Revenue$5.9M
Year over year-9%
Quarter over quarter+114%
Operating margin-311.0%
Net earnings−$18.8M

LiveWire Group, Q2 2025: revenue $5.9M (-9% year over year), operating margin -311.0%, net loss $18.8M, operating cash flow −$14.9M. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$5.9M+114%-9%
Operating profit−$18.3M——
Net earnings−$18.8M——
Operating cash flow−$14.9M——

What changed

Revenue was $5.9M in Q2 2025, down 9% year over year and up 114% from the previous quarter. STACYC was the largest line at 86% of revenue. Electric Motorcycles lost $1.6M year over year (down 65%), 276% of the total change.

Operating costs exceeded revenue by $18.3M, an operating margin of -311.0%. Total costs fell 30% while revenue fell 9%. The quarter ended with a net loss of $18.8M, narrower than the previous quarter's $19.3M loss.

Operating cash flow was −$14.9M. Non-cash charges added back $2.6M of depreciation and amortization and $1.8M of share-based compensation. Capital expenditures of $1.4M exceeded it, leaving free cash flow of −$16.3M.

Questions

What was LiveWire Group's revenue in the second quarter 2025?

LiveWire Group (LVWR) reported revenue of $5.9M for the second quarter 2025 (Q2 2025), -9% from a year earlier and +114% from the quarter before.

Was LiveWire Group profitable in the second quarter 2025?

Operating loss was $18.3M (-311.0% of revenue) and net loss $18.8M.

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Source: LiveWire Group 10-Q on SEC EDGAR.