Filing Flows › LiveWire Group (LVWR) › Q4 2025
LiveWire Group (LVWR) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 20, 2026
LiveWire Group (LVWR) reported revenue of $11.4M for the fourth quarter 2025 (Q4 2025), +6% from a year earlier and +99% from the quarter before. Operating margin was -156.2%, net loss $17.6M (155.2% of revenue).
LiveWire Group, Q4 2025: revenue $11.4M (+6% year over year), operating margin -156.2%, net loss $17.6M, operating cash flow −$7.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.4M | +99% | +6% |
| Operating profit | −$17.7M | — | — |
| Net earnings | −$17.6M | — | — |
| Operating cash flow | −$7.9M | — | — |
What changed
Revenue was $11.4M in Q4 2025, up 6% year over year and up 99% from the previous quarter. STACYC was the largest line at 66% of revenue.
Operating costs exceeded revenue by $17.7M, an operating margin of -156.2%. Total costs fell 19% while revenue rose 6%. The quarter ended with a net loss of $17.6M, narrower than the previous quarter's $19.4M loss.
Operating cash flow was −$7.9M. Non-cash charges added back $2.1M of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items added $6.4M. Capital expenditures of $1.0M exceeded it, leaving free cash flow of −$8.9M.
Questions
What was LiveWire Group's revenue in the fourth quarter 2025?
LiveWire Group (LVWR) reported revenue of $11.4M for the fourth quarter 2025 (Q4 2025), +6% from a year earlier and +99% from the quarter before.
Was LiveWire Group profitable in the fourth quarter 2025?
Operating loss was $17.7M (-156.2% of revenue) and net loss $17.6M.
Source: LiveWire Group 10-K on SEC EDGAR.