Track market-moving stories before they get noisy

Posted by Defense World Staff on Jul 26th, 2026

LiveWire Group, Inc. (NYSE:LVWR – Get Free Report) saw some unusual options trading activity on Friday. Stock traders purchased 3,688 call options on the stock. This represents an increase of approximately 3,823% compared to the typical volume of 94 call options.

LiveWire Group Price Performance LVWR stock opened at $1.47 on Friday. The company has a market capitalization of $299.36 million, a P/E ratio of -3.96 and a beta of 1.71. LiveWire Group has a twelve month low of $0.65 and a twelve month high of $6.44. The business has a 50 day simple moving average of $1.12 and a 200-day simple moving average of $1.73. The company has a current ratio of 4.29, a quick ratio of 3.60 and a debt-to-equity ratio of 2.62.

LiveWire Group (NYSE:LVWR – Get Free Report) last announced its earnings results on Thursday, July 23rd. The company reported ($0.09) earnings per share (EPS) for the quarter. The business had revenue of $9.11 million for the quarter. LiveWire Group had a negative return on equity of 161.65% and a negative net margin of 234.48%.

Analyst Upgrades and Downgrades Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of LiveWire Group in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

View Our Latest Analysis on LVWR

Institutional Inflows and Outflows Several hedge funds and other institutional investors have recently bought and sold shares of LVWR. Russell Investments Group Ltd. increased its stake in LiveWire Group by 82.0% in the third quarter. Russell Investments Group Ltd. now owns 6,751 shares of the company’s stock valued at $32,000 after purchasing an additional 3,042 shares during the period. Rhumbline Advisers raised its holdings in shares of LiveWire Group by 21.9% in the first quarter. Rhumbline Advisers now owns 17,655 shares of the company’s stock valued at $35,000 after buying an additional 3,167 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of LiveWire Group by 117.6% during the third quarter. BNP Paribas Financial Markets now owns 9,363 shares of the company’s stock worth $44,000 after buying an additional 5,060 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in shares of LiveWire Group during the fourth quarter worth about $49,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of LiveWire Group by 119.5% during the second quarter. Tower Research Capital LLC TRC now owns 10,676 shares of the company’s stock worth $49,000 after buying an additional 5,812 shares during the last quarter. 0.88% of the stock is owned by hedge funds and other institutional investors.

LiveWire Group Company Profile (Get Free Report)

LiveWire Group Inc (NYSE: LVWR) is an independent electric vehicle manufacturer specializing in high-performance two-wheelers and innovative urban mobility solutions. Established as a wholly owned subsidiary of Harley-Davidson Inc in 2018, the company was spun off in September 2022 following a merger with a special-purpose acquisition company, commencing trading as LiveWire Group. Since then, LiveWire has focused on scaling its core electric motorcycle business and developing a new generation of connected, battery-powered vehicles.

LiveWire’s product lineup is anchored by its first production model, the LiveWire One, known for its rapid acceleration, long-range battery architecture and integrated connectivity features.

Featured Stories Five stocks we like better than LiveWire Group Telecom Earnings Reveal a Sector That Finally Looks Healthier Defense Earnings Show Readiness Now and Modernization Ahead Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off MarketBeat Week in Review – 07/20- 07/24 Receive News & Ratings for LiveWire Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LiveWire Group and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINELife Time Group (NYSE:LTH) Upgraded at Zacks Research

NEXT HEADLINE »Keefe, Bruyette & Woods Issues Pessimistic Forecast for Lazard (NYSE:LAZ) Stock Price

MILWAUKEE--(BUSINESS WIRE)--LiveWire Group, Inc. (NYSE: LVWR) will release its second quarter financial results before market hours on Thursday, July 23, 2026. LiveWire Group, Inc. will not hold a separate earnings call. Harley-Davidson, Inc. management will discuss the results of its LiveWire reportable segment during an audio webcast from 8-9 a.m. CT where discussion will be limited to its LiveWire reportable segment's financial results and outlook updates. Harley-Davidson's LiveWire reportab.

MILWAUKEE--(BUSINESS WIRE)--LiveWire Group, Inc. (“LiveWire” or the “Company”) (NYSE: LVWR) today reported first quarter 2026 results.

“We ended the first quarter of 2026 with an 86% increase in revenue over prior year, driving improved gross profit and operating loss, and a 25% improvement in free cash flow, compared to first quarter 2025. We also maintained our position as the number one retailer of U.S. electric on-road motorcycles1. With the upcoming launch of the S4 Honcho™, we are excited about the continued positive strides to be made in the business in the remainder of 2026,” said Karim Donnez, CEO, LiveWire.

First Quarter Highlights and Financial Results

Electric Motorcycle unit sales increased 176% over first quarter 2025 with revenue increasing 236%. STACYC unit sales increased 101% over first quarter 2025 with revenue increasing 60%. Consolidated operating loss decreased by $3.0 million from same quarter 2025 driven by an improvement in gross profit of $1.6 million and decrease in consolidated selling, administrative and engineering expense of $1.4 million. Reduced net cash used by operating activities by 26% driving a 25% improvement in free cash flow as compared to 2025. Market share of 76% in the U.S. electric motorcycle 50+kilowatt on-road EV segment1. Targeted production of the S4 Honcho™ continues to be in Spring 2026. Total Company Highlights

$ in millions*

1st quarter

2026

2025

Change

Consolidated Revenue Units

4,050

2,003

102%

Consolidated Revenue

$5.1

$2.7

86%

Consolidated Operating Loss

($17.7)

($20.7)

14%

Net Loss

($18.1)

($19.3)

6%

Free Cash Flow**

($13.6)

($18.1)

25%

*Amounts may not add or recalculate due to rounding.

**Definition of Free Cash Flow and reconciliation to the comparable GAAP metrics is at the end of this release.

The Company’s consolidated net loss was $18.1 million for the first quarter 2026 as compared to $19.3 million in the same period prior year driven by the segment results noted below, offset by an increase of $1.4 million in related party interest expense, and a decrease of $0.5 million of non-operating income related to the change in fair value of the outstanding warrants as of March 31, 2026 as compared to prior year.

LiveWire Group, Inc. is comprised of two business segments:

STACYC – focused on the sale of electric balance bikes for kids, electric bikes, and related products Electric Motorcycles – focused on the sale of electric motorcycles and related products STACYC

$ in millions*

1st quarter

2026

2025

Change

Electric Balance Bike and Electric Bike Units

3,959

1,970

101%

Revenue

$3.7

$2.3

60%

Operating Loss

($1.0)

($1.3)

26%

*Amounts may not add or recalculate due to rounding.

STACYC unit sales increased by 101% compared to the prior year same quarter resulting in an increase to revenue of $1.4 million. Operating loss decreased by $0.3 million in the first quarter of 2026 compared to 2025 primarily due to increased gross profit on increased sales.

Electric Motorcycles

$ in millions*

1st quarter

2026

2025

Change

Motorcycle Units

91

33

176%

Revenue

$1.4

$0.4

236%

Operating Loss

($16.7)

($19.4)

14%

*Amounts may not add or recalculate due to rounding.

Electric Motorcycle unit sales increased by 176% compared to the prior year same quarter resulting in an increase to revenue of $1.0 million. Operating loss decreased by $2.7 million primarily driven by a $1.6 million reduction in selling, administrative and engineering expense from continued focus on cost reduction, primarily people costs, compared to the same quarter in the prior year.

Financial guidance

For the full year 2026, the Company reiterates its full-year guidance.

Webcast

The public is invited to attend Harley-Davidson, Inc.’s audio webcast from 8-9:30 a.m. CT where discussion of LiveWire will be limited to financial results and updates to LiveWire’s outlook. The webcast login can be accessed at https://investor.livewire.com/news-events-1/events/default.aspx. The audio replay will be available by approximately 10:00 a.m. CT.

About LiveWire

LiveWire has a dedicated focus on the electric motorcycle sector. LiveWire’s majority shareholder is Harley-Davidson, Inc. LiveWire comes from the lineage of Harley-Davidson and is capitalizing on a decade of its learnings in the EV sector. With a dedicated focus on EV, LiveWire plans to develop the technology of the future and to invest in the capabilities needed to lead the transformation of motorcycling. www.livewire.com

Cautionary Note Regarding Forward-Looking Statements

The Company intends that certain matters discussed in this press release are “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts contained in this press release, including statements concerning possible or assumed future actions, business strategies, events or results of operations, and any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Words or phrases such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “is on track,” “may,” “might,” “objective,” “ongoing,” “plan,” “potential,” “predict,” “project,” “remain committed,” “should,” “target,” “will” and “would,” or similar words or phrases, or the negatives of those words or phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking. The forward-looking statements in this press release are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations. These forward-looking statements speak only as of the date of this press release and are subject to a number of important factors that could cause actual results to differ materially from those in the forward-looking statements, including the risks, uncertainties and assumptions described in prior public filings titled “Risk Factors.” These forward-looking statements are subject to numerous risks, including, without limitation, the following: our history of losses and expectation to incur significant expenses and continuing losses for the foreseeable future; Harley-Davidson, Inc. (“H-D”) making decisions for its overall benefit that could negatively impact our overall business; our relationship with H-D and its impact on our other business relationships; our ability to obtain funding for our operations, access to capital markets and manage costs; our future capital requirements and sources and uses of cash; our limited operating history, the rollout of our business and the timing of expected business milestones, including our ability to develop and manufacture electric vehicles of sufficient quality and appeal to customers on schedule and on a large scale; our financial and business performance, including financial projections and business metrics and any underlying assumptions thereunder; changes in our strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects and plans, including our ability to effectively execute the Company’s relocation and streamlined headcount plan within expected costs and time and our ability to realize the expected savings on an ongoing annual basis; our ability to manage and predict the impact of global trade issues and changes in and uncertainties with respect to trade and export regulations, trade policies and sanctions, tariffs, international trade disputes, particularly those relating to China and Taiwan, may have on the Company's ability to sell products domestically and internationally, and the cost of raw materials and components, including tariffs recently imposed or that may be imposed by the U.S. on foreign goods or other tariffs recently imposed or that may be imposed by foreign countries on U.S. goods; retail partners being unwilling to participate in our go-to-market business model or their inability to establish or maintain relationships with customers for our electric vehicles; our ability to attract and retain a large number of customers; challenges we face as a pioneer into the highly-competitive and rapidly evolving electric vehicle industry; our operational and financial risks if we fail to effectively and appropriately separate the LiveWire business from the H-D business; our ability to leverage contract manufacturers, including H-D and Kwang Yang Motor Co., Ltd., a Taiwanese company (“KYMCO”), to contract manufacture our electric vehicles; potential delays in the design, manufacture, financing, regulatory approval, launch and delivery of our electric vehicles; building out our supply chain, including our dependency on our existing suppliers and our ability to source suppliers, in each case many of which are single-sourced or limited-source suppliers, for our critical components such as batteries and semiconductor chips; global trade issues and changes in and uncertainties with respect to trade and export regulations, trade policies, sanctions, tariffs, international trade disputes, particularly those relating to China or Taiwan, geopolitical events and related actions that may occur between mainland China and Taiwan; increased geopolitical volatility and conflicts, such as in the Middle East, our ability to rely on third-party and public charging networks; our ability to attract and retain key personnel; our business, expansion plans and opportunities, including our ability to scale our operations and manage our future growth effectively; the effects on our future business of competition, the pace and depth of electric vehicle adoption generally and our ability to achieve planned competitive advantages with respect to our electric vehicles and products, including with respect to reliability, safety and efficiency; our business and H-D’s business overlapping and being perceived as competitors; our inability to maintain a strong relationship with H-D or to resolve favorably any disputes that may arise between us and H-D; our dependency on H-D for a number of services, including services relating to quality and safety testing. If those service arrangements terminate, it may require significant investment for us to build our own safety and testing facilities, or we may be required to obtain such services from another third-party at increased costs; any decision by us to electrify H-D products, or the products of any other company; our expectations regarding our ability to obtain and maintain intellectual property protection and not infringe on the rights of others; potential harm caused by misappropriation of our data and compromises in cybersecurity; changes in laws, regulatory requirements, governmental incentives and fuel and energy prices; the impact of health epidemics on our business, the other risks we face and the actions we may take in response thereto; litigation, regulatory proceedings, complaints, product liability claims and/or adverse publicity; and the possibility that we may be adversely affected by other economic, business and/or competitive factors. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified and some of which are beyond our control, you should not rely on these forward-looking statements as predictions of future events. The events and circumstances reflected in our forward-looking statements may not be achieved or occur, and actual results could differ materially from those projected in the forward-looking statements. Moreover, we operate in an evolving environment. Some of these risks and uncertainties may in the future be amplified by new risk factors and uncertainties that may emerge from time to time, and it is not possible for management to predict all risk factors and uncertainties. As a result of these factors, we cannot assure you that the forward-looking statements in this press release will prove to be accurate. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances, or otherwise. You should read this earnings release completely and with the understanding that our actual future results may be materially different from what we expect. We qualify all of our forward-looking statements by these cautionary statements.

LiveWire Group, Inc.
Consolidated Statements of Operations

(In thousands, except per share amounts)

(Unaudited)

  Three months ended

March 31,
2026

March 31,
2025

Revenue, net

$

5,115

$

2,743

Costs and expenses:

Cost of goods sold

5,652

4,911

Selling, administrative and engineering expense

17,135

18,498

Total operating costs and expenses

22,787

23,409

Operating loss

(17,672

)

(20,666

)

Interest expense, related party

(1,417

)

—

Interest income

603

504

Change in fair value of warrant liabilities

383

905

Loss before income taxes

(18,103

)

(19,257

)

Income tax provision

25

14

Net loss

$

(18,128

)

$

(19,271

)

Net loss per share, basic and diluted

$

(0.09

)

$

(0.09

)

Weighted-average shares, basic and diluted

204,491

203,480

LiveWire Group, Inc.

Consolidated Balance Sheets

(In thousands)

  (Unaudited)

March 31,
2026

December 31,
2025

ASSETS

Current assets:

Cash and cash equivalents

$

67,495

$

82,777

Accounts receivable, net

3,120

3,383

Accounts receivable from related party

1

585

Inventories, net

14,225

15,255

Other current assets

2,959

2,887

Total current assets

87,800

104,887

Property, plant and equipment, net

26,495

27,556

Goodwill

8,327

8,327

Deferred tax assets

6

6

Lease assets

715

823

Intangible assets, net

741

804

Other long-term assets

3,539

4,008

Total assets

$

127,623

$

146,411

LIABILITIES AND SHAREHOLDERS’ EQUITY

Current liabilities:

Accounts payable

$

2,905

$

2,299

Accounts payable to related party

7,617

6,716

Accrued liabilities

9,693

12,362

Current portion of lease liabilities

240

496

Current portion of term loan - related party, net

—

800

Total current liabilities

20,455

22,673

Long-term portion of lease liabilities

365

246

Deferred tax liabilities

158

149

Long-term portion of term loan - related party, net

74,185

74,183

Warrant liabilities

1,518

1,901

Other long-term liabilities

2,626

1,231

Total liabilities

99,307

100,383

Shareholders' equity:

Preferred Stock

—

—

Common Stock

21

20

Treasury Stock

(5,244

)

(4,437

)

Additional paid-in-capital

352,711

351,489

Accumulated deficit

(319,155

)

(301,027

)

Accumulated other comprehensive (loss) income

(17

)

(17

)

Total shareholders' equity

28,316

46,028

Total liabilities and shareholders' equity

$

127,623

$

146,411

LiveWire Group, Inc.

Consolidated Statements of Cash Flows

(In thousands)

(Unaudited)

  Three months ended

March 31,
2026

March 31,
2025

Cash flows from operating activities:

Net loss

$

(18,128

)

$

(19,271

)

Adjustments to reconcile net loss to net cash used in operating activities

Depreciation and amortization

2,415

3,085

Change in fair value of warrant liabilities

(383

)

(905

)

Stock compensation expense

1,222

1,615

Provision for expected credit losses

30

13

Deferred income taxes

8

12

Inventory write-down

318

809

Interest expense, related party

1,417

—

Other, net

(33

)

(199

)

Changes in current assets and liabilities:

Accounts receivable, net

215

239

Accounts receivable from related party

584

399

Inventories

698

(2,358

)

Other current assets

185

(155

)

Accounts payable and accrued liabilities

(2,443

)

(6,396

)

Accounts payable to related party

901

5,622

Net cash used by operating activities

(12,994

)

(17,490

)

Cash flows from investing activities:

Capital expenditures

(688

)

(613

)

Net cash used by investing activities

(688

)

(613

)

Cash flows from financing activities:

Payment of borrowings under term loan - related party

(800

)

—

Repurchase of common stock

(807

)

(250

)

Net cash provided (used) by financing activities

(1,607

)

(250

)

Effect of exchange rate changes on cash and cash equivalents

7

138

Net increase (decrease) in cash and cash equivalents

$

(15,282

)

$

(18,215

)

Cash and cash equivalents:

Cash and cash equivalents—beginning of period

$

82,777

$

64,437

Net increase (decrease) in cash and cash equivalents

(15,282

)

(18,215

)

Cash and cash equivalents—end of period

$

67,495

$

46,222

LiveWire Group, Inc. 
Free Cash Flow

We use free cash flow, which is a non-GAAP liquidity measure, to supplement our cash used by operating activities as presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”). We believe free cash flow is useful in evaluating our liquidity, as it is similar to measures widely used by certain investors, securities analysts and other interested parties as a supplemental measure of performance and liquidity. We also use this measure internally to establish forecasts, budgets and operational goals to manage and monitor our liquidity. This non-GAAP financial measure may not be comparable to other similarly titled measures of other companies, have limitations as analytical tools, and should not be considered in isolation or as a substitute for analysis of our operating results as reported in accordance with GAAP.

We define free cash flow as net cash used by operating activities, excluding cash paid for ongoing costs related to the Company’s At-The-Market (“ATM”) program which results in financing cash inflows, less capital expenditures.

Three months ended

March 31,
2026

March 31,
2025

Net cash used by operating activities

($12,994)

($17,490)

Cash paid for ongoing ATM costs

51

—

Less: Capital expenditures

(688)

(613)

Free cash flow

($13,631)

($18,103)

More News From LiveWire Group, Inc.

-

LiveWire expands further into the electric off‑road category with their first acquisition, combining complementary capabilities and accelerating product development.

MILWAUKEE--(BUSINESS WIRE)--LiveWire Group, Inc. (NYSE: LVWR), a leader in the electric two‑wheel industry, today announced it has acquired the assets of Dust Moto, bringing deep off‑road knowledge and expertise to LiveWire, thereby marking a strategic expansion into the electric off‑road segment.

The acquisition strengthens LiveWire’s strategy to grow beyond on‑road electric motorcycles and address the rapidly expanding electric off‑road market, which is being driven by riders seeking incredible torque and performance with the added benefits of reduced noise, lower maintenance, and an accessible riding experiences through simplified operation and single‑speed drive.

With the completed transaction, LiveWire is advancing Dust’s electric dirt bike platform toward production, leveraging LiveWire’s engineering capabilities, manufacturing scale, and global marketing, sales, and service network to accelerate development and go‑to‑market execution.

“LiveWire pioneered the on‑road electric motorcycle market, and this acquisition allows us to build on that leadership as we expand into off‑road, continuing the journey that began with STACYC ten years ago,” said Karim Donnez, CEO of LiveWire Group, Inc. “Dust Moto is a strong strategic fit and an accelerator of our vision, bringing proven off‑road insight that will contribute meaningfully to LiveWire’s leadership position in electric powersports.”

“Joining LiveWire marks an exciting next chapter in our journey,” said Colin Godby, CEO of Dust Moto. “LiveWire shares our fundamental DNA as an American brand focused on performance, innovation, and putting riders first. With LiveWire’s scale, resources, and global reach, we can bring our electric off-road bike to market with a worldwide audience and deliver an unmatched off-road experience.”

The acquisition reflects LiveWire’s continued focus on expanding its product portfolio and addressable market while reinforcing its commitment to innovation across electric powersports. LiveWire intends to share more information on the launch of the product in the second half (2H) of this year.

About LiveWire

LiveWire has a dedicated focus on the electric powersports sector. LiveWire’s majority stockholder is Harley-Davidson, Inc. LiveWire comes from the lineage of Harley-Davidson and is capitalizing on a decade of its learnings in the EV sector. LiveWire plans to develop the technology of the future and invest in the capabilities needed to lead the transformation of motorcycling and powersports.

About Dust Moto

Dust Moto, a pioneering electric motorcycle startup in the U.S., launched with the intention of offering an affordable, high performance electric dirt bike.

More News From LiveWire Group, Inc.

Back to Newsroom