What is Live Ventures' operating income?

Live Ventures' total operating income in 2025 was $14.64 million, based on the following breakdown: Total Gross Profit: $145.69 million Total Operating Expenses: $131.05 million

Live Ventures (LIVE) Financials

$11.58 +0.38 (+3.39%)

Closing price 07/20/2026 04:00 PM Eastern

Extended Trading

$11.60 +0.02 (+0.13%)

As of 07/20/2026 07:34 PM Eastern

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Annual Income Statements for Live Ventures

This table shows Live Ventures' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024	9/30/2025
Net Income / (Loss) Attributable to Common Shareholders	-15	18	6.50	5.92	-4.01	11	31	25	-0.10	-27	23
Consolidated Net Income / (Loss)	-15	18	6.50	5.92	-4.01	11	31	25	-0.10	-27	23
Net Income / (Loss) Continuing Operations	-15	18	6.50	5.92	-4.01	11	31	25	-0.10	-27	23
Total Pre-Tax Income	-14	2.39	11	10	-5.64	16	40	32	1.47	-31	28
Total Operating Income	-10	2.32	18	11	3.26	20	36	26	15	-14	15
Total Gross Profit	11	20	63	74	71	75	99	98	116	145	146
Total Revenue	33	79	152	200	193	192	273	287	355	473	445
Operating Revenue	33	79	152	200	193	192	273	287	355	473	445
Total Cost of Revenue	22	59	89	125	122	116	174	189	240	328	299
Operating Cost of Revenue	22	59	89	125	122	116	174	189	240	328	299
Total Operating Expenses	21	18	44	63	68	55	64	72	100	158	131
Selling, General & Admin Expense	11	8.54	36	49	53	44	52	55	87	118	114
Marketing Expense	6.68	9.11	8.27	14	15	11	11	12	13	22	17
Impairment Charge	3.71	-	-	-	-	0.53	0.00	4.91	0.00	18	0.00
Total Other Income / (Expense), net	-4.20	0.07	-7.52	-0.47	-8.89	-4.28	3.89	5.69	-14	-18	14
Interest Expense	4.49	4.02	7.60	8.64	6.32	5.25	5.21	4.21	13	17	-7.95
Interest & Investment Income	0.08	-	-	-	-	-	-	0.00	1.05	0.00	2.09
Other Income / (Expense), net	0.20	4.09	0.08	8.17	-2.58	0.97	9.09	9.90	-2.29	-0.85	3.73
Income Tax Expense	0.38	-16	4.08	4.41	-1.63	4.96	8.66	6.88	1.57	-4.66	5.66
Basic Earnings per Share	($5.58)	$6.33	$2.94	$3.01	($2.11)	$6.40	$19.92	$7.94	($0.03)	($8.48)	$7.35
Weighted Average Basic Shares Outstanding	2.63M	2.82M	2.21M	1.97M	1.90M	1.71M	1.57M	3.12M	3.13M	3.15M	3.09M
Diluted Earnings per Share	($5.58)	$5.40	$1.61	$1.58	($2.11)	$3.09	$9.80	$7.84	($0.03)	($8.48)	$4.93
Weighted Average Diluted Shares Outstanding	2.63M	3.30M	4.05M	3.74M	1.90M	3.53M	3.18M	3.16M	3.13M	3.15M	4.62M
Weighted Average Basic & Diluted Shares Outstanding	15.77M	2.85M	2.20M	1.95M	-	-	1.58M	3.05M	3.16M	3.12M	3.07M

This table shows Live Ventures' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-4.56	-0.68	-3.28	-2.86	-20	0.49	16	5.39	1.00	-0.06	-2.45
Consolidated Net Income / (Loss)	-4.56	-0.68	-3.28	-2.86	-20	0.49	16	5.39	1.00	-0.06	-2.45
Net Income / (Loss) Continuing Operations	-4.56	-0.68	-3.28	-2.86	-20	0.49	16	5.39	1.00	-0.06	-2.45
Total Pre-Tax Income	-4.46	-0.91	-4.50	-3.82	-22	0.57	21	7.46	-0.73	-0.09	-4.60
Total Operating Income	0.37	3.54	-0.84	1.13	-17	0.76	2.09	8.00	3.78	3.45	-2.01
Total Gross Profit	30	36	35	37	36	35	35	38	37	35	35
Total Revenue	104	118	119	124	113	112	107	113	114	109	103
Operating Revenue	104	118	119	124	113	112	107	113	114	109	103
Total Cost of Revenue	74	81	83	87	77	76	72	74	77	73	68
Operating Cost of Revenue	74	81	83	87	77	76	72	74	77	73	68
Total Operating Expenses	29	33	36	36	53	35	33	30	33	32	37
Selling, General & Admin Expense	26	28	30	30	30	30	28	26	29	28	28
Marketing Expense	3.25	5.11	6.48	5.85	4.93	4.53	4.74	4.01	4.04	4.06	4.90
Impairment Charge	-	-	-	-	-	-	0.00	-	-	-	4.01
Total Other Income / (Expense), net	-4.82	-4.45	-3.66	-4.95	-4.64	-0.19	19	-0.55	-4.51	-3.54	-2.59
Interest Expense	3.97	4.16	4.17	4.23	4.28	3.45	3.93	3.85	-19	3.56	3.89
Other Income / (Expense), net	-2.60	-0.28	0.51	-0.42	-0.66	3.26	23	1.84	-24	0.02	1.31
Income Tax Expense	0.11	-0.22	-1.22	-0.97	-2.25	0.08	5.24	2.07	-1.73	-0.03	-2.15
Basic Earnings per Share	($1.46)	($0.22)	($1.04)	($0.91)	($6.31)	$0.16	$5.10	$1.75	$0.34	($0.02)	($0.80)
Weighted Average Basic Shares Outstanding	3.13M	3.16M	3.15M	3.14M	3.15M	3.12M	3.11M	3.08M	3.09M	3.07M	3.07M
Diluted Earnings per Share	($1.45)	($0.22)	($1.04)	($0.91)	($6.31)	$0.16	$5.05	$1.24	($1.52)	($0.02)	($0.80)
Weighted Average Diluted Shares Outstanding	3.13M	3.16M	3.15M	3.14M	3.15M	3.12M	3.14M	4.36M	4.62M	3.07M	3.07M
Weighted Average Basic & Diluted Shares Outstanding	3.16M	3.16M	3.14M	3.13M	3.12M	3.11M	3.08M	3.07M	3.07M	3.07M	3.07M

This table details how cash moves in and out of Live Ventures' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024	9/30/2025
Net Change in Cash & Equivalents	-5.39	-1.96	3.20	-1.98	-0.06	25	-4.99	-0.06	-0.29	0.29	5.63
Net Cash From Operating Activities	-1.02	7.88	7.87	12	19	29	29	6.40	26	21	29
Net Cash From Continuing Operating Activities	-1.02	7.88	7.87	12	19	48	29	6.40	26	21	30
Net Income / (Loss) Continuing Operations	-15	18	6.50	5.92	-4.01	11	31	25	-0.10	-27	23
Consolidated Net Income / (Loss)	-15	18	6.50	5.92	-4.01	11	31	25	-0.10	-27	23
Depreciation Expense	1.05	3.13	5.03	6.05	5.67	5.86	6.79	7.17	14	17	17
Amortization Expense	-	0.00	0.22	1.02	0.28	1.93	0.44	0.97	6.68	9.70	5.81
Non-Cash Adjustments To Reconcile Net Income	11	1.83	0.17	-6.64	4.63	-0.46	-5.87	-4.87	4.85	22	-29
Changes in Operating Assets and Liabilities, net	2.11	-15	-4.04	5.47	12	11	-3.87	-22	0.31	-1.57	13
Net Cash From Investing Activities	-5.57	-2.54	-54	-9.39	0.10	-8.78	-17	-40	-64	-21	-7.69
Net Cash From Continuing Investing Activities	-5.57	-2.54	-54	-9.39	0.10	-8.78	-17	-40	-64	-21	-7.69
Purchase of Property, Plant & Equipment	-0.15	-3.19	-6.51	-9.39	-2.60	-3.89	-11	-12	-10	-8.47	-7.69
Acquisitions	-5.57	0.00	-47	-	0.00	-4.89	-6.00	-28	-54	-13	0.00
Net Cash From Financing Activities	1.20	-7.30	49	-4.41	-19	-14	-16	34	38	1.16	-17
Net Cash From Continuing Financing Activities	1.20	-7.30	49	-4.41	-19	-13	-16	34	38	1.16	-17
Repayment of Debt	-1.89	-22	-4.37	-34	-19	-19	-17	11	-8.15	-2.84	-14
Repurchase of Common Equity	0.00	-2.30	-0.70	-0.55	-0.89	-1.66	-0.42	-2.70	-0.99	-0.87	-0.53
Issuance of Debt	1.35	17	54	30	0.91	6.77	0.90	17	36	0.61	2.43
Other Financing Activities, net	1.20	-	0.00	-	0.00	-0.13	0.27	8.19	10	4.26	-4.22
Cash Interest Paid	0.02	1.25	5.33	7.89	5.81	4.45	4.34	3.96	7.80	14	15
Cash Income Taxes Paid	0.00	0.47	-0.15	0.76	0.04	0.00	1.54	6.15	0.38	-0.02	2.14

This table details how cash moves in and out of Live Ventures' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	2.71	1.26	-1.08	0.22	-0.11	2.81	-0.48	0.69	2.61	6.30	0.04
Net Cash From Operating Activities	-0.01	7.87	-5.74	12	6.73	9.40	0.23	12	6.76	9.85	-2.79
Net Cash From Continuing Operating Activities	1.99	7.87	-5.74	12	6.73	9.40	0.23	12	8.16	9.85	-2.79
Net Income / (Loss) Continuing Operations	-4.56	-0.68	-3.28	-2.86	-20	0.49	16	5.39	1.00	-0.06	-2.45
Consolidated Net Income / (Loss)	-4.56	-0.68	-3.28	-2.86	-20	0.49	16	5.39	1.00	-0.06	-2.45
Depreciation Expense	4.28	4.30	4.19	4.35	4.38	4.42	4.40	4.55	3.91	3.93	3.92
Amortization Expense	4.39	1.84	1.57	1.62	4.68	1.81	1.41	0.88	1.71	1.69	1.64
Non-Cash Adjustments To Reconcile Net Income	3.83	1.02	0.19	1.04	20	-0.85	-22	-2.58	-3.58	0.21	4.36
Changes in Operating Assets and Liabilities, net	-5.94	1.40	-8.41	7.60	-2.16	3.53	0.39	4.05	5.12	4.08	-10
Net Cash From Investing Activities	-25	-3.19	-1.72	-13	-3.48	-1.82	-2.50	-1.44	-1.94	-1.34	-1.92
Net Cash From Continuing Investing Activities	-25	-3.19	-1.72	-13	-3.48	-1.82	-2.50	-1.44	-1.94	-1.34	-1.92
Purchase of Property, Plant & Equipment	-6.50	-1.66	-1.72	-1.62	-3.48	-1.82	-2.50	-1.44	-1.94	-1.34	-1.92
Net Cash From Financing Activities	38	-3.42	6.38	1.57	-3.37	-4.78	1.79	-10	-3.62	-2.21	4.75
Net Cash From Continuing Financing Activities	26	-3.42	6.38	1.57	-3.37	-4.78	1.79	-10	-3.62	-2.21	4.75
Repayment of Debt	-2.49	-2.52	6.30	-6.45	-0.17	-5.55	2.56	-9.30	-2.14	-11	5.77
Other Financing Activities, net	12	-0.79	-0.85	6.99	-1.09	-1.00	-1.01	-0.74	-1.48	-1.08	-1.02
Cash Interest Paid	0.36	3.27	3.39	3.64	3.73	3.28	3.62	3.78	4.24	3.45	2.94

This table presents Live Ventures' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024	9/30/2025
Total Assets	41	53	129	141	122	197	212	279	422	408	386
Total Current Assets	26	25	56	66	56	96	99	135	183	182	173
Cash & Equivalents	2.73	0.77	3.97	2.74	2.68	8.98	4.66	4.60	4.31	4.60	8.83
Accounts Receivable	8.24	7.60	11	13	12	20	22	26	41	47	40
Inventories, net	13	11	35	46	39	65	71	98	131	126	121
Prepaid Expenses	1.52	5.79	6.44	3.31	1.69	1.78	1.64	2.48	4.92	4.12	3.57
Current Deferred & Refundable Income Taxes	-	-	-	0.25	0.24	-	0.00	4.40	1.12	-	0.00
Plant, Property, & Equipment, net	12	14	23	28	23	32	36	65	81	83	78
Total Noncurrent Assets	2.35	14	50	47	44	70	77	79	158	143	136
Goodwill	0.80	0.00	37	37	37	38	41	41	76	61	61
Intangible Assets	1.52	1.69	4.21	6.67	2.20	1.06	4.70	3.84	27	25	20
Other Noncurrent Operating Assets	0.04	0.02	0.08	0.28	0.09	30	31	34	56	56	55
Total Liabilities & Shareholders' Equity	41	53	129	141	122	197	212	279	422	408	386
Total Liabilities	32	29	95	102	88	154	137	181	322	335	291
Total Current Liabilities	11	14	66	38	35	57	65	56	98	130	111
Short-Term Debt	1.44	2.01	49	14	7.90	13	18	21	27	53	37
Accounts Payable	5.54	5.40	8.22	15	14	9.12	11	11	27	31	27
Accrued Expenses	3.66	6.40	8.99	8.57	13	15	17	16	32	32	32
Current Deferred & Payable Income Tax Liabilities	0.38	0.00	0.35	-	0.00	0.74	0.88	-	0.00	0.95	2.33
Other Current Liabilities	-	-	-	-	0.00	19	18	8.07	12	13	12
Total Noncurrent Liabilities	21	15	29	65	53	96	72	125	224	205	180
Long-Term Debt	21	15	29	64	53	67	40	65	125	100	78
Capital Lease Obligations	-	-	0.00	-	0.00	28	29	-	81	92	89
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	-	0.00	2.80	8.82	14	6.27	9.16
Other Noncurrent Operating Liabilities	0.32	-	-	0.58	0.65	0.73	0.00	52	4.10	6.66	3.95
Commitments & Contingencies	0.00	-	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	8.27	24	34	39	34	44	75	97	100	73	95
Total Preferred & Common Equity	6.31	24	34	39	34	44	76	98	100	73	95
Preferred Stock	0.01	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	6.30	24	34	39	34	44	76	98	100	73	95
Common Stock	53	60	63	64	64	64	65	65	69	70	76
Retained Earnings	-47	-35	-29	-23	-27	-16	15	40	39	12	29
Treasury Stock	-	-	-1.00	-	-2.44	-	-4.52	-7.22	-8.21	-9.07	-9.60
Other Equity Adjustments	0.00	-0.30	-	-1.55	-0.00	-4.10	-0.01	-	-0.01	-0.01	-0.01

This table presents Live Ventures' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	12/31/2024	3/31/2025	6/30/2025	12/31/2025	3/31/2026
Total Assets	437	434	437	396	394	387	389	393
Total Current Assets	185	185	188	172	174	170	171	179
Cash & Equivalents	5.57	4.49	4.71	7.41	6.93	7.63	15	15
Accounts Receivable	42	46	49	38	41	39	34	39
Inventories, net	132	131	129	123	122	120	118	122
Prepaid Expenses	4.75	4.43	4.44	3.59	3.75	2.77	3.33	3.20
Current Deferred & Refundable Income Taxes	0.00	0.00	0.00	-	-	-	-	0.26
Plant, Property, & Equipment, net	80	78	83	82	81	79	76	75
Total Noncurrent Assets	172	170	167	142	139	139	142	138
Goodwill	77	77	79	61	61	61	61	57
Intangible Assets	28	27	26	24	23	21	19	18
Other Noncurrent Operating Assets	67	66	61	57	55	56	62	63
Total Liabilities & Shareholders' Equity	437	434	437	396	394	387	389	393
Total Liabilities	337	338	344	322	305	293	294	300
Total Current Liabilities	103	106	130	121	125	103	102	105
Short-Term Debt	38	33	50	60	51	33	32	46
Accounts Payable	25	26	31	28	28	25	27	27
Accrued Expenses	39	33	35	31	31	31	28	31
Current Deferred & Payable Income Tax Liabilities	0.43	0.32	0.62	1.48	0.21	1.23	2.78	0.00
Other Current Liabilities	0.36	14	13	0.47	14	13	12	0.59
Total Noncurrent Liabilities	234	232	214	201	180	190	192	195
Long-Term Debt	125	126	105	102	79	87	83	89
Capital Lease Obligations	91	90	93	89	87	90	97	97
Noncurrent Deferred & Payable Income Tax Liabilities	12	10	8.97	5.81	11	11	8.69	6.16
Other Noncurrent Operating Liabilities	5.98	5.80	6.67	3.88	3.15	2.47	3.98	2.78
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	99	96	93	73	89	94	95	93
Total Preferred & Common Equity	99	96	93	73	89	94	95	93
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	99	96	93	73	89	94	95	93
Common Stock	69	69	70	70	70	76	76	76
Retained Earnings	38	35	32	13	29	28	29	27
Treasury Stock	-8.31	-8.61	-9.07	-9.23	-9.49	-9.60	-9.60	-9.60
Other Equity Adjustments	-0.01	-	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01

This table displays calculated financial ratios and metrics derived from Live Ventures' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024	9/30/2025
DEI Shares Outstanding	16,901,358.00	16,736,675.00	4,020,826.00	1,960,059.00	1,852,577.00	1,603,031.00	1,570,834.00	3,079,656.00	3,164,330.00	3,131,633.00	3,071,656.00
DEI Adjusted Shares Outstanding	2,816,893.00	2,789,446.00	4,020,826.00	1,960,059.00	1,852,577.00	1,603,031.00	1,570,834.00	3,079,656.00	3,164,330.00	3,131,633.00	3,071,656.00
DEI Earnings Per Adjusted Shares Outstanding	-5.47	6.39	1.62	3.02	-2.17	6.82	19.86	8.03	-0.03	-8.52	7.40
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	354.13%	139.30%	92.59%	31.28%	-3.18%	-0.81%	42.39%	5.10%	23.79%	33.13%	-5.90%
EBITDA Growth	-135.81%	207.27%	145.72%	11.17%	-74.52%	339.99%	78.56%	-15.65%	-22.46%	-63.57%	233.70%
EBIT Growth	-133.27%	164.49%	183.77%	4.36%	-96.43%	3,055.60%	109.79%	-20.18%	-63.28%	-210.19%	226.68%
NOPAT Growth	-125.29%	345.83%	-36.25%	-44.31%	-63.19%	511.59%	100.70%	-27.48%	-105.29%	-790.35%	222.70%
Net Income Growth	-215.62%	222.03%	-63.79%	-8.90%	-167.74%	365.68%	190.99%	-20.23%	-100.41%	-26,061.76%	185.23%
EPS Growth	-215.62%	222.03%	-70.19%	-1.86%	-233.54%	246.45%	217.15%	-20.00%	-100.38%	-28,166.67%	158.14%
Operating Cash Flow Growth	80.41%	874.39%	-0.05%	50.15%	61.15%	51.11%	1.38%	-78.07%	306.11%	-20.71%	39.10%
Free Cash Flow Firm Growth	-294.77%	116.04%	-1,298.57%	97.55%	1,942.59%	-250.78%	137.48%	-103.83%	-28,011.38%	103.95%	466.44%
Invested Capital Growth	330.74%	45.82%	161.78%	7.05%	-19.73%	55.95%	9.70%	13.23%	84.41%	-4.73%	-7.10%
Revenue Q/Q Growth	78.06%	2.13%	15.61%	6.66%	-3.18%	8.33%	3.69%	1.14%	9.15%	1.98%	0.26%
EBITDA Q/Q Growth	-25.22%	303.03%	7.87%	-5.80%	-63.28%	196.55%	-1.90%	-26.50%	50.00%	-55.53%	-12.34%
EBIT Q/Q Growth	-28.20%	3,185.11%	7.32%	-6.14%	-94.36%	589.05%	0.42%	-21.08%	-14.32%	-1,131.01%	-11.56%
NOPAT Q/Q Growth	-31.09%	3,502.02%	-18.73%	-21.33%	-63.41%	153.48%	9.67%	-23.25%	-107.43%	-424.63%	760.77%
Net Income Q/Q Growth	-22.74%	72.21%	-23.19%	-15.17%	-213.71%	819.23%	8.63%	-23.84%	-102.67%	-134.45%	1,110.38%
EPS Q/Q Growth	-22.74%	72.21%	-61.11%	-55.37%	-212.83%	337.69%	13.56%	-25.26%	-102.36%	-134.25%	3,421.43%
Operating Cash Flow Q/Q Growth	61.73%	4.58%	0.48%	11.86%	12.74%	28.86%	-31.99%	-18.28%	20.55%	48.64%	0.09%
Free Cash Flow Firm Q/Q Growth	-362.33%	113.26%	-2.38%	58.07%	22.84%	-566.86%	106.32%	99.01%	-130.45%	115.23%	-13.19%
Invested Capital Q/Q Growth	492.54%	5.27%	0.72%	-2.37%	-10.99%	25.32%	18.17%	-16.75%	11.69%	-6.97%	-1.62%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	34.11%	25.30%	41.15%	37.17%	36.67%	39.28%	36.44%	34.10%	32.54%	30.63%	32.74%
EBITDA Margin	-26.93%	12.07%	15.40%	13.04%	3.43%	15.22%	19.09%	15.32%	9.60%	2.63%	9.31%
Operating Margin	-30.72%	2.94%	11.90%	5.41%	1.68%	10.65%	13.11%	9.04%	4.35%	-2.89%	3.29%
EBIT Margin	-30.11%	8.11%	11.96%	9.50%	0.35%	11.16%	16.44%	12.49%	3.70%	-3.07%	4.13%
Profit (Net Income) Margin	-44.59%	22.74%	4.28%	2.97%	-2.08%	5.56%	11.36%	8.62%	-0.03%	-5.64%	5.11%
Tax Burden Percent	102.62%	752.41%	61.43%	57.34%	71.17%	68.26%	78.17%	78.25%	-6.94%	85.14%	80.07%
Interest Burden Percent	144.31%	37.25%	58.21%	54.45%	-831.42%	72.99%	88.40%	88.25%	11.17%	216.22%	154.67%
Effective Tax Rate	0.00%	-652.41%	38.57%	42.66%	0.00%	31.74%	21.83%	21.75%	106.94%	0.00%	19.93%
Return on Invested Capital (ROIC)	-41.06%	50.60%	15.03%	5.59%	2.21%	11.84%	18.60%	12.09%	-0.42%	-2.98%	3.88%
ROIC Less NNEP Spread (ROIC-NNEP)	-156.26%	53.40%	4.79%	5.23%	-7.20%	7.68%	21.94%	17.54%	0.20%	-10.29%	8.94%
Return on Net Nonoperating Assets (RNNOA)	-96.86%	60.01%	7.48%	10.79%	-13.22%	15.56%	33.64%	16.64%	0.32%	-27.87%	23.16%
Return on Equity (ROE)	-137.92%	110.61%	22.51%	16.37%	-11.01%	27.40%	52.24%	28.73%	-0.10%	-30.85%	27.04%
Cash Return on Invested Capital (CROIC)	-165.70%	13.32%	-74.41%	-1.22%	24.10%	-31.88%	9.35%	-0.32%	-59.78%	1.87%	11.24%
Operating Return on Assets (OROA)	-33.70%	13.61%	19.97%	14.07%	0.51%	13.38%	21.95%	14.61%	3.76%	-3.50%	4.63%
Return on Assets (ROA)	-49.91%	38.15%	7.14%	4.39%	-3.04%	6.67%	15.17%	10.09%	-0.03%	-6.44%	5.73%
Return on Common Equity (ROCE)	-125.15%	103.92%	22.51%	16.38%	-11.01%	27.50%	52.56%	28.88%	-0.10%	-30.85%	27.04%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-7.10	17	11	6.19	2.28	14	28	20	-1.07	-9.55	12
NOPAT Margin	-21.51%	22.09%	7.31%	3.10%	1.18%	7.27%	10.25%	7.07%	-0.30%	-2.02%	2.63%
Net Nonoperating Expense Percent (NNEP)	115.20%	-2.80%	10.24%	0.36%	9.41%	4.16%	-3.34%	-5.45%	-0.63%	7.31%	-5.06%
Return On Investment Capital (ROIC_SIMPLE)	-23.06%	41.86%	10.01%	5.28%	2.41%	9.14%	17.27%	11.10%	-0.32%	-3.01%	3.91%
Cost of Revenue to Revenue	68.17%	74.70%	58.85%	62.83%	63.33%	60.72%	63.56%	65.90%	67.46%	69.37%	67.26%
SG&A Expenses to Revenue	33.32%	10.82%	23.80%	24.67%	27.34%	22.72%	19.14%	19.01%	24.40%	24.96%	25.56%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	64.83%	22.36%	29.24%	31.76%	34.98%	28.91%	23.33%	25.06%	28.19%	33.51%	29.45%
Earnings before Interest and Taxes (EBIT)	-9.93	6.41	18	19	0.68	21	45	36	13	-14	18
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-8.89	9.53	23	26	6.63	29	52	44	34	12	41
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.51	1.32	0.74	0.46	0.47	0.33	0.77	0.79	0.89	0.66	0.59
Price to Tangible Book Value (P/TBV)	7.12	1.42	0.00	0.00	0.00	2.79	1.98	1.46	0.00	0.00	4.01
Price to Revenue (P/Rev)	0.86	0.40	0.16	0.09	0.08	0.07	0.21	0.27	0.25	0.10	0.13
Price to Earnings (P/E)	0.00	1.79	3.83	2.98	0.00	1.31	1.86	3.12	0.00	0.00	2.48
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	55.78%	26.08%	33.58%	0.00%	76.25%	53.68%	32.07%	0.00%	0.00%	40.31%
Enterprise Value to Invested Capital (EV/IC)	1.79	1.19	0.92	0.82	0.80	0.79	0.89	0.89	0.97	0.92	0.87
Enterprise Value to Revenue (EV/Rev)	1.52	0.62	0.65	0.47	0.38	0.59	0.51	0.55	0.90	0.61	0.57
Enterprise Value to EBITDA (EV/EBITDA)	0.00	5.11	4.20	3.59	11.12	3.90	2.69	3.59	9.33	23.19	6.08
Enterprise Value to EBIT (EV/EBIT)	0.00	7.60	5.41	4.93	108.77	5.32	3.12	4.40	24.17	0.00	13.72
Enterprise Value to NOPAT (EV/NOPAT)	0.00	2.79	8.85	15.10	32.36	8.17	5.00	7.77	0.00	0.00	21.50
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	6.18	12.50	7.91	3.87	3.95	4.80	24.64	12.23	13.97	8.79
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	10.60	0.00	0.00	2.96	0.00	9.95	0.00	0.00	48.07	7.43
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.72	0.72	2.31	2.03	1.77	2.49	1.16	0.88	2.32	3.36	2.14
Long-Term Debt to Equity	2.55	0.64	0.85	1.66	1.54	2.19	0.92	0.67	2.05	2.64	1.75
Financial Leverage	0.62	1.12	1.56	2.06	1.83	2.03	1.53	0.95	1.57	2.71	2.59
Leverage Ratio	2.76	2.90	3.15	3.73	3.62	4.11	3.44	2.85	3.55	4.79	4.72
Compound Leverage Factor	3.99	1.08	1.83	2.03	-30.06	3.00	3.04	2.51	0.40	10.36	7.30
Debt to Total Capital	73.14%	41.93%	69.75%	66.97%	63.95%	71.35%	53.66%	46.85%	69.92%	77.06%	68.20%
Short-Term Debt to Total Capital	4.69%	4.83%	44.02%	12.23%	8.34%	8.71%	11.14%	11.45%	8.13%	16.59%	12.47%
Long-Term Debt to Total Capital	68.45%	37.10%	25.73%	54.74%	55.61%	62.64%	42.52%	35.40%	61.79%	60.46%	55.73%
Preferred Equity to Total Capital	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	6.35%	0.00%	0.00%	0.00%	0.00%	-0.18%	-0.28%	-0.25%	0.00%	0.00%	0.00%
Common Equity to Total Capital	20.48%	58.07%	30.25%	33.03%	36.05%	28.83%	46.61%	53.40%	30.08%	22.94%	31.80%
Debt to EBITDA	-2.53	1.83	3.31	3.02	9.13	3.73	1.67	1.95	6.83	19.71	4.93
Net Debt to EBITDA	-2.23	1.75	3.14	2.91	8.72	3.42	1.58	1.84	6.70	19.34	4.72
Long-Term Debt to EBITDA	-2.37	1.62	1.22	2.47	7.94	3.27	1.32	1.47	6.03	15.47	4.03
Debt to NOPAT	-3.17	1.00	6.97	12.69	26.56	7.80	3.11	4.22	-217.02	-25.63	17.44
Net Debt to NOPAT	-2.79	0.96	6.61	12.25	25.39	7.16	2.94	3.99	-213.00	-25.15	16.69
Long-Term Debt to NOPAT	-2.97	0.89	2.57	10.37	23.10	6.85	2.46	3.19	-191.78	-20.11	14.25
Altman Z-Score	-0.64	1.87	1.39	1.97	1.60	1.50	2.53	2.25	1.48	1.32	1.72
Noncontrolling Interest Sharing Ratio	9.26%	6.05%	0.00%	-0.01%	-0.01%	-0.35%	-0.61%	-0.52%	-0.23%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.34	1.83	0.84	1.76	1.59	1.67	1.52	2.39	1.87	1.40	1.56
Quick Ratio	1.00	0.61	0.22	0.43	0.42	0.51	0.40	0.54	0.47	0.40	0.44
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-29	4.59	-55	-1.35	25	-38	14	-0.54	-151	5.99	34
Operating Cash Flow to CapEx	0.00%	310.22%	123.99%	125.86%	0.00%	740.89%	255.56%	52.84%	262.18%	243.28%	372.76%
Free Cash Flow to Firm to Interest Expense	-6.38	1.14	-7.25	-0.16	3.94	-7.14	2.70	-0.13	-11.89	0.36	0.00
Operating Cash Flow to Interest Expense	-0.23	1.96	1.04	1.37	3.02	5.48	5.61	1.52	2.04	1.22	0.00
Operating Cash Flow Less CapEx to Interest Expense	-0.23	1.33	0.20	0.28	3.03	4.74	3.41	-1.36	1.26	0.72	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.12	1.68	1.67	1.48	1.47	1.20	1.33	1.17	1.01	1.14	1.12
Accounts Receivable Turnover	7.25	9.96	16.67	16.68	15.34	11.97	13.10	12.15	10.62	10.74	10.25
Inventory Turnover	2.55	4.84	3.93	3.10	2.86	2.24	2.57	2.25	2.09	2.55	2.42
Fixed Asset Turnover	5.22	5.96	8.26	7.86	7.64	7.06	8.11	5.73	4.89	5.78	5.55
Accounts Payable Turnover	5.75	10.78	13.14	11.00	8.52	10.01	17.56	17.55	12.58	11.27	10.25
Days Sales Outstanding (DSO)	50.33	36.63	21.89	21.88	23.79	30.48	27.86	30.04	34.35	33.99	35.61
Days Inventory Outstanding (DIO)	142.91	75.47	92.90	117.68	127.65	162.69	142.27	162.54	174.40	143.36	150.67
Days Payable Outstanding (DPO)	63.45	33.85	27.79	33.19	42.84	36.47	20.78	20.79	29.01	32.38	35.60
Cash Conversion Cycle (CCC)	129.79	78.25	87.00	106.37	108.61	156.70	149.36	171.79	179.75	144.97	150.68
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	28	41	107	115	92	143	157	178	329	313	291
Invested Capital Turnover	1.91	2.29	2.06	1.80	1.87	1.63	1.81	1.71	1.40	1.47	1.47
Increase / (Decrease) in Invested Capital	22	13	66	7.54	-23	51	14	21	150	-16	-22
Enterprise Value (EV)	50	49	98	93	74	114	140	158	318	288	252
Market Capitalization	28	32	25	18	16	14	58	77	90	48	56
Book Value per Share	$0.37	$1.45	$16.71	$19.78	$18.42	$27.41	$48.08	$31.70	$31.64	$23.28	$31.03
Tangible Book Value per Share	$0.24	$1.34	($3.76)	($2.47)	($2.71)	$3.20	$18.69	$17.11	($0.73)	($4.27)	$4.58
Total Capital	31	42	111	117	95	152	162	183	333	318	300
Total Debt	23	17	77	79	61	109	87	86	233	245	204
Total Long-Term Debt	21	15	29	64	53	95	69	65	206	192	167
Net Debt	20	17	73	76	58	100	82	81	228	240	196
Capital Expenditures (CapEx)	-0.00	2.54	6.35	9.39	-0.10	3.89	11	12	9.92	8.47	7.69
Debt-free, Cash-free Net Working Capital (DFCFNWC)	14	13	34	40	26	43	47	95	108	100	91
Debt-free Net Working Capital (DFNWC)	16	13	38	43	29	52	52	99	112	105	99
Net Working Capital (NWC)	15	11	-11	28	21	39	34	78	85	52	62
Net Nonoperating Expense (NNE)	7.62	-0.51	4.62	0.27	6.29	3.28	-3.04	-4.45	-0.97	17	-11
Net Nonoperating Obligations (NNO)	20	17	73	76	58	100	82	81	228	240	196
Total Depreciation and Amortization (D&A)	1.05	3.13	5.24	7.07	5.96	7.79	7.24	8.14	21	27	23
Debt-free, Cash-free Net Working Capital to Revenue	41.00%	16.02%	22.37%	20.07%	13.42%	22.36%	17.30%	33.02%	30.35%	21.23%	20.37%
Debt-free Net Working Capital to Revenue	49.27%	17.00%	24.98%	21.45%	14.81%	27.04%	19.01%	34.63%	31.56%	22.20%	22.35%
Net Working Capital to Revenue	44.90%	14.45%	-7.16%	14.26%	10.72%	20.12%	12.39%	27.33%	23.94%	11.06%	13.96%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($5.58)	$6.33	$2.94	$3.01	($2.11)	$6.40	$19.92	$7.94	($0.03)	($8.48)	$7.35
Adjusted Weighted Average Basic Shares Outstanding	2.63M	2.82M	2.21M	1.97M	1.90M	1.71M	1.57M	3.12M	3.13M	3.15M	3.09M
Adjusted Diluted Earnings per Share	($5.58)	$5.40	$1.61	$1.58	($2.11)	$3.09	$9.80	$7.84	($0.03)	($8.48)	$4.93
Adjusted Weighted Average Diluted Shares Outstanding	2.63M	3.30M	4.05M	3.74M	1.90M	3.53M	3.18M	3.16M	3.15M	3.15M	4.62M
Adjusted Basic & Diluted Earnings per Share	($5.58)	$0.00	$0.00	$0.00	($2.11)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	2.63M	2.85M	2.20M	1.95M	0.00	0.00	1.58M	3.05M	3.16M	3.12M	3.07M
Normalized Net Operating Profit after Tax (NOPAT)	-4.50	1.62	11	6.19	2.28	14	28	24	11	3.09	12
Normalized NOPAT Margin	-13.63%	2.06%	7.31%	3.10%	1.18%	7.46%	10.25%	8.41%	3.04%	0.65%	2.63%
Pre Tax Income Margin	-43.45%	3.02%	6.96%	5.17%	-2.92%	8.15%	14.54%	11.02%	0.41%	-6.63%	6.38%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-2.21	1.59	2.39	2.20	0.11	4.07	8.62	8.51	1.03	-0.86	0.00
NOPAT to Interest Expense	-1.58	4.34	1.46	0.72	0.36	2.65	5.38	4.82	-0.08	-0.57	0.00
EBIT Less CapEx to Interest Expense	-2.21	0.96	1.56	1.11	0.12	3.33	6.43	5.63	0.25	-1.36	0.00
NOPAT Less CapEx to Interest Expense	-1.58	3.71	0.63	-0.37	0.38	1.91	3.18	1.94	-0.86	-1.07	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-0.01%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-0.01%	12.82%	10.77%	9.29%	-22.13%	15.57%	1.36%	10.90%	-971.57%	-3.25%	2.32%

This table displays calculated financial ratios and metrics derived from Live Ventures' official financial filings.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	3,164,330.00	3,164,330.00	3,159,561.00	3,144,028.00	3,131,633.00	3,120,591.00	3,106,431.00	3,076,802.00	3,071,656.00	3,071,656.00	3,071,656.00
DEI Adjusted Shares Outstanding	3,164,330.00	3,164,330.00	3,159,561.00	3,144,028.00	3,131,633.00	3,120,591.00	3,106,431.00	3,076,802.00	3,071,656.00	3,071,656.00	3,071,656.00
DEI Earnings Per Adjusted Shares Outstanding	-1.44	-0.22	-1.04	-0.91	-6.34	0.16	5.11	1.75	0.32	-0.02	-0.80
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	40.35%	70.46%	30.18%	35.36%	8.88%	-5.17%	-9.79%	-9.16%	1.02%	-2.66%	-3.84%
EBITDA Growth	230.49%	21.73%	-45.39%	-33.27%	-241.05%	9.13%	468.45%	128.55%	-64.30%	-11.27%	-84.27%
EBIT Growth	-6,871.88%	-27.72%	-106.20%	-87.16%	-712.77%	23.49%	7,663.75%	1,283.97%	-13.24%	-13.67%	-102.81%
NOPAT Growth	-69.43%	-27.62%	-116.03%	-81.77%	-4,836.59%	-73.60%	368.13%	630.59%	121.62%	269.21%	-189.41%
Net Income Growth	-618.74%	-136.98%	-310.59%	-369.34%	-335.30%	172.14%	583.57%	288.72%	105.02%	-113.01%	-115.43%
EPS Growth	-866.67%	-136.67%	-312.24%	-375.76%	-335.17%	172.73%	585.58%	236.26%	75.91%	-112.50%	-115.84%
Operating Cash Flow Growth	99.75%	25.87%	-172.45%	-0.69%	61,318.18%	19.41%	104.02%	4.52%	0.40%	4.76%	-1,307.36%
Free Cash Flow Firm Growth	-651.45%	-87.38%	79.31%	45.28%	102.20%	127.33%	252.73%	212.41%	651.73%	-9.89%	-127.62%
Invested Capital Growth	84.41%	50.57%	8.53%	14.37%	-4.73%	-8.80%	-11.81%	-12.14%	-7.10%	-8.12%	3.37%
Revenue Q/Q Growth	13.15%	13.56%	0.88%	4.43%	-8.99%	-1.10%	-4.03%	5.16%	1.21%	-4.70%	-5.20%
EBITDA Q/Q Growth	-35.73%	45.95%	-42.21%	23.09%	-235.86%	212.92%	201.03%	-50.51%	-197.67%	160.98%	-46.62%
EBIT Q/Q Growth	-140.29%	245.99%	-110.16%	314.80%	-2,650.35%	122.18%	522.48%	-60.70%	-308.68%	116.91%	-120.25%
NOPAT Q/Q Growth	-94.05%	859.62%	-123.67%	234.96%	-1,645.36%	105.35%	140.39%	267.75%	-54.28%	-8.66%	-158.22%
Net Income Q/Q Growth	-530.57%	85.06%	-381.09%	12.98%	-595.87%	102.48%	3,124.80%	-66.04%	-81.50%	-106.42%	-3,725.00%
EPS Q/Q Growth	-539.39%	84.83%	-372.73%	12.50%	-593.41%	102.54%	3,056.25%	-75.45%	-222.58%	98.68%	-3,900.00%
Operating Cash Flow Q/Q Growth	-100.09%	71,663.64%	-172.93%	304.60%	-42.67%	39.59%	-97.54%	5,214.72%	-44.93%	45.64%	-128.32%
Free Cash Flow Firm Q/Q Growth	-98.01%	23.80%	76.16%	-52.16%	107.97%	845.68%	33.18%	12.00%	-46.71%	13.36%	-140.82%
Invested Capital Q/Q Growth	11.69%	5.92%	-2.47%	-0.87%	-6.97%	1.39%	-5.69%	-1.25%	-1.62%	0.28%	6.11%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	28.82%	30.89%	29.90%	29.90%	31.92%	31.71%	32.84%	34.02%	32.39%	32.57%	33.61%
EBITDA Margin	6.21%	7.98%	4.57%	5.39%	-8.05%	9.19%	28.82%	13.57%	-13.09%	8.38%	4.72%
Operating Margin	0.36%	3.01%	-0.71%	0.91%	-15.50%	0.68%	1.95%	7.11%	3.32%	3.18%	-1.95%
EBIT Margin	-2.15%	2.77%	-0.28%	0.57%	-16.08%	3.61%	23.40%	8.74%	-18.03%	3.20%	-0.68%
Profit (Net Income) Margin	-4.41%	-0.58%	-2.77%	-2.30%	-17.62%	0.44%	14.83%	4.79%	0.88%	-0.06%	-2.38%
Tax Burden Percent	102.45%	75.28%	72.94%	74.68%	89.83%	85.86%	75.18%	72.27%	-136.95%	71.91%	53.28%
Interest Burden Percent	199.69%	-27.82%	1,358.91%	-537.69%	121.97%	14.25%	84.29%	75.76%	3.55%	-2.56%	653.63%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	14.14%	24.82%	27.73%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.35%	2.94%	-0.65%	0.94%	-15.99%	0.82%	2.09%	7.22%	3.42%	3.23%	-1.97%
ROIC Less NNEP Spread (ROIC-NNEP)	-2.77%	1.28%	-1.84%	-0.74%	-19.25%	0.76%	8.39%	7.04%	2.67%	2.10%	-2.45%
Return on Net Nonoperating Assets (RNNOA)	-4.34%	2.47%	-4.19%	-1.63%	-52.14%	2.16%	20.61%	16.76%	6.90%	5.50%	-5.76%
Return on Equity (ROE)	-3.99%	5.41%	-4.85%	-0.69%	-68.13%	2.98%	22.71%	23.98%	10.33%	8.73%	-7.73%
Cash Return on Invested Capital (CROIC)	-59.78%	-36.88%	-6.33%	-12.48%	1.87%	5.75%	9.59%	12.37%	11.24%	13.01%	4.92%
Operating Return on Assets (OROA)	-2.19%	3.13%	-0.30%	0.67%	-18.34%	4.05%	25.74%	9.42%	-20.21%	3.60%	-0.76%
Return on Assets (ROA)	-4.47%	-0.65%	-2.98%	-2.68%	-20.09%	0.50%	16.31%	5.16%	0.98%	-0.07%	-2.65%
Return on Common Equity (ROCE)	-4.00%	5.42%	-4.86%	-0.70%	-68.13%	2.98%	22.71%	23.98%	10.33%	8.73%	-7.73%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	0.26	2.48	-0.59	0.79	-12	0.65	1.57	5.78	2.64	2.42	-1.41
NOPAT Margin	0.25%	2.11%	-0.49%	0.64%	-10.85%	0.59%	1.47%	5.14%	2.32%	2.23%	-1.37%
Net Nonoperating Expense Percent (NNEP)	3.12%	1.66%	1.19%	1.68%	3.26%	0.07%	-6.30%	0.18%	0.76%	1.13%	0.49%
Return On Investment Capital (ROIC_SIMPLE)	0.08%	0.70%	-0.17%	0.23%	-3.85%	0.20%	0.51%	1.91%	0.88%	0.79%	-0.43%
Cost of Revenue to Revenue	71.18%	69.11%	70.10%	70.10%	68.08%	68.29%	67.16%	65.98%	67.61%	67.43%	66.39%
SG&A Expenses to Revenue	25.33%	23.54%	25.14%	24.27%	27.03%	26.97%	26.47%	23.35%	25.53%	25.65%	26.90%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	28.47%	27.88%	30.60%	28.99%	47.42%	31.03%	30.89%	26.91%	29.07%	29.39%	35.56%
Earnings before Interest and Taxes (EBIT)	-2.23	3.26	-0.33	0.71	-18	4.02	25	9.84	-21	3.47	-0.70
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	6.43	9.39	5.43	6.68	-9.07	10	31	15	-15	9.09	4.85
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.89	0.81	0.89	0.77	0.66	0.40	0.27	0.57	0.59	0.48	0.40
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	4.57	4.54	4.01	2.97	2.02
Price to Revenue (P/Rev)	0.25	0.20	0.20	0.15	0.10	0.06	0.05	0.12	0.13	0.10	0.08
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	28.46	2.48	2.05	9.48
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.51%	40.31%	48.81%	10.55%
Enterprise Value to Invested Capital (EV/IC)	0.97	0.95	0.97	0.94	0.92	0.86	0.78	0.86	0.87	0.83	0.82
Enterprise Value to Revenue (EV/Rev)	0.90	0.81	0.76	0.68	0.61	0.59	0.51	0.57	0.57	0.55	0.58
Enterprise Value to EBITDA (EV/EBITDA)	9.33	9.20	10.52	11.28	23.19	20.58	6.05	5.39	6.08	6.00	17.71
Enterprise Value to EBIT (EV/EBIT)	24.17	27.63	52.75	224.15	0.00	0.00	20.12	12.27	13.72	13.58	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	32.59	54.41	107.12	0.00	0.00	0.00	0.00	21.50	17.45	10.11
Enterprise Value to Operating Cash Flow (EV/OCF)	12.23	11.92	23.57	22.73	13.97	12.34	8.33	8.90	8.79	8.31	9.71
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	48.07	14.29	7.64	6.52	7.43	6.10	16.92
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.32	2.56	2.59	2.68	3.36	3.43	2.44	2.22	2.14	2.22	2.50
Long-Term Debt to Equity	2.05	2.18	2.25	2.14	2.64	2.61	1.87	1.87	1.75	1.88	2.00
Financial Leverage	1.57	1.93	2.28	2.20	2.71	2.85	2.46	2.38	2.59	2.61	2.35
Leverage Ratio	3.55	3.62	4.01	4.05	4.79	4.82	4.48	4.41	4.72	4.66	4.32
Compound Leverage Factor	7.09	-1.01	54.55	-21.76	5.85	0.69	3.77	3.34	0.17	-0.12	28.26
Debt to Total Capital	69.92%	71.89%	72.13%	72.83%	77.06%	77.44%	70.97%	68.92%	68.20%	68.94%	71.39%
Short-Term Debt to Total Capital	8.13%	10.75%	9.48%	14.68%	16.59%	18.62%	16.81%	10.79%	12.47%	10.42%	14.16%
Long-Term Debt to Total Capital	61.79%	61.14%	62.65%	58.15%	60.46%	58.82%	54.16%	58.13%	55.73%	58.52%	57.22%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	30.08%	28.11%	27.87%	27.17%	22.94%	22.56%	29.03%	31.08%	31.80%	31.06%	28.61%
Debt to EBITDA	6.83	7.11	7.94	8.90	19.71	18.95	5.62	4.42	4.93	5.25	16.21
Net Debt to EBITDA	6.70	6.95	7.79	8.73	19.34	18.39	5.44	4.26	4.72	4.87	15.15
Long-Term Debt to EBITDA	6.03	6.05	6.89	7.11	15.47	14.39	4.29	3.73	4.03	4.46	12.99
Debt to NOPAT	-217.02	25.18	41.05	84.47	-25.63	-21.88	-23.02	-117.86	17.44	15.27	9.25
Net Debt to NOPAT	-213.00	24.63	40.31	82.87	-25.15	-21.24	-22.28	-113.56	16.69	14.17	8.64
Long-Term Debt to NOPAT	-191.78	21.42	35.66	67.45	-20.11	-16.62	-17.56	-99.40	14.25	12.96	7.41
Altman Z-Score	1.36	1.44	1.47	1.45	1.30	1.47	1.66	1.65	1.39	1.58	1.51
Noncontrolling Interest Sharing Ratio	-0.23%	-0.23%	-0.23%	-0.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.87	1.79	1.74	1.44	1.40	1.42	1.39	1.65	1.56	1.68	1.71
Quick Ratio	0.47	0.46	0.47	0.41	0.40	0.37	0.39	0.45	0.44	0.48	0.52
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-150	-114	-27	-42	3.31	31	42	47	25	28	-12
Operating Cash Flow to CapEx	-0.17%	475.65%	-334.17%	724.61%	193.62%	517.34%	9.25%	853.16%	348.86%	737.05%	-145.03%
Free Cash Flow to Firm to Interest Expense	-37.79	-27.49	-6.55	-9.80	0.77	9.07	10.59	12.10	0.00	7.91	-2.96
Operating Cash Flow to Interest Expense	0.00	1.89	-1.38	2.77	1.57	2.73	0.06	3.19	0.00	2.77	-0.72
Operating Cash Flow Less CapEx to Interest Expense	-1.64	1.49	-1.79	2.39	0.76	2.20	-0.58	2.81	0.00	2.39	-1.21
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.01	1.13	1.08	1.16	1.14	1.12	1.10	1.08	1.12	1.13	1.11
Accounts Receivable Turnover	10.62	12.83	11.47	12.16	10.74	11.61	10.50	10.09	10.25	12.24	10.91
Inventory Turnover	2.09	2.38	2.42	2.67	2.55	2.52	2.46	2.39	2.42	2.45	2.40
Fixed Asset Turnover	4.89	5.64	5.93	6.26	5.78	5.79	5.73	5.50	5.55	5.61	5.61
Accounts Payable Turnover	12.58	15.70	15.30	14.11	11.27	11.98	11.37	10.61	10.25	10.61	10.50
Days Sales Outstanding (DSO)	34.35	28.44	31.83	30.01	33.99	31.43	34.77	36.16	35.61	29.83	33.45
Days Inventory Outstanding (DIO)	174.40	153.25	150.94	136.78	143.36	144.60	148.34	152.55	150.67	148.81	152.07
Days Payable Outstanding (DPO)	29.01	23.25	23.86	25.87	32.38	30.46	32.12	34.41	35.60	34.39	34.77
Cash Conversion Cycle (CCC)	179.75	158.44	158.91	140.92	144.97	145.58	151.00	154.30	150.68	144.25	150.76
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	329	348	339	337	313	317	299	296	291	292	309
Invested Capital Turnover	1.40	1.39	1.32	1.47	1.47	1.40	1.42	1.40	1.47	1.45	1.44
Increase / (Decrease) in Invested Capital	150	117	27	42	-16	-31	-40	-41	-22	-26	10
Enterprise Value (EV)	318	329	329	315	288	273	234	255	252	242	253
Market Capitalization	90	80	85	71	48	29	24	53	56	45	37
Book Value per Share	$31.64	$31.42	$30.34	$29.49	$23.28	$23.48	$28.63	$30.63	$31.03	$31.02	$30.24
Tangible Book Value per Share	($0.73)	($1.71)	($2.44)	($4.07)	($4.27)	($3.76)	$1.67	$3.83	$4.58	$4.99	$5.92
Total Capital	333	354	344	341	318	325	306	303	300	307	325
Total Debt	233	254	248	249	245	252	217	209	204	212	232
Total Long-Term Debt	206	216	216	198	192	191	166	176	167	180	186
Net Debt	228	249	244	244	240	244	210	201	196	196	217
Capital Expenditures (CapEx)	6.50	1.66	1.72	1.62	3.48	1.82	2.50	1.44	1.94	1.34	1.92
Debt-free, Cash-free Net Working Capital (DFCFNWC)	108	114	107	103	100	104	94	92	91	86	105
Debt-free Net Working Capital (DFNWC)	112	120	112	108	105	111	101	99	99	101	120
Net Working Capital (NWC)	85	82	79	57	52	51	49	67	62	69	74
Net Nonoperating Expense (NNE)	4.82	3.16	2.69	3.65	7.63	0.16	-14	0.40	1.65	2.48	1.04
Net Nonoperating Obligations (NNO)	228	249	244	244	240	244	210	201	196	196	217
Total Depreciation and Amortization (D&A)	8.66	6.13	5.76	5.97	9.06	6.22	5.81	5.43	5.63	5.62	5.56
Debt-free, Cash-free Net Working Capital to Revenue	30.35%	28.29%	24.84%	22.19%	21.23%	22.29%	20.60%	20.67%	20.37%	19.45%	24.04%
Debt-free Net Working Capital to Revenue	31.56%	29.67%	25.88%	23.20%	22.20%	23.88%	22.12%	22.39%	22.35%	22.88%	27.50%
Net Working Capital to Revenue	23.94%	20.25%	18.32%	12.40%	11.06%	10.92%	10.81%	15.01%	13.96%	15.64%	17.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.46)	($0.22)	($1.04)	($0.91)	($6.31)	$0.16	$5.10	$1.75	$0.34	($0.02)	($0.80)
Adjusted Weighted Average Basic Shares Outstanding	3.13M	3.16M	3.15M	3.14M	3.15M	3.12M	3.11M	3.08M	3.09M	3.07M	3.07M
Adjusted Diluted Earnings per Share	($1.45)	($0.22)	($1.04)	($0.91)	($6.31)	$0.16	$5.05	$1.24	($1.52)	($0.02)	($0.80)
Adjusted Weighted Average Diluted Shares Outstanding	3.13M	3.16M	3.15M	3.14M	3.15M	3.12M	3.14M	4.36M	4.62M	3.07M	3.07M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	3.16M	3.16M	3.14M	3.13M	3.12M	3.11M	3.08M	3.07M	3.07M	3.07M	3.07M
Normalized Net Operating Profit after Tax (NOPAT)	0.26	2.48	-0.59	0.79	-12	0.65	1.57	5.78	2.64	2.42	1.40
Normalized NOPAT Margin	0.25%	2.11%	-0.49%	0.64%	-10.85%	0.59%	1.47%	5.14%	2.32%	2.23%	1.36%
Pre Tax Income Margin	-4.30%	-0.77%	-3.79%	-3.09%	-19.62%	0.51%	19.72%	6.62%	-0.64%	-0.08%	-4.47%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.56	0.78	-0.08	0.17	-4.23	1.17	6.37	2.55	0.00	0.98	-0.18
NOPAT to Interest Expense	0.07	0.60	-0.14	0.19	-2.86	0.19	0.40	1.50	0.00	0.68	-0.36
EBIT Less CapEx to Interest Expense	-2.20	0.38	-0.49	-0.22	-5.04	0.64	5.73	2.18	0.00	0.60	-0.67
NOPAT Less CapEx to Interest Expense	-1.57	0.20	-0.55	-0.20	-3.67	-0.34	-0.24	1.13	0.00	0.30	-0.86
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-971.57%	-18.11%	-10.14%	-7.60%	-3.25%	-3.59%	-13.78%	28.31%	2.32%	1.67%	2.89%

Financials Breakdown Chart

Key Financial Trends

Live Ventures (NASDAQ: LIVE) has seen a sharp deterioration in operating performance over the most recent two quarters, despite still generating meaningful revenue and cash flow from working capital movements. In Q2 2026, the company reported a net loss of $2.4 million on $102.9 million in revenue, compared with a small loss of $64,000 in Q1 2026 and a profit of $997,000 in Q4 2025. The main pressure points were weaker operating income, higher interest expense, and a large negative swing in operating assets and liabilities.

Revenue has been sliding from the 2025 highs. Revenue fell from $113.9 million in Q4 2025 to $108.5 million in Q1 2026 and $102.9 million in Q2 2026. Gross profit also declined modestly, while operating expenses remained high relative to sales, pushing operating income back into negative territory in Q2 2026.

Profitability remains volatile and highly sensitive to non-operating items. LIVE posted operating income of $3.5 million in Q1 2026, but that reversed to an operating loss of $2.0 million in Q2 2026. Interest expense was also elevated at $3.9 million in Q2 2026, which helped drag pre-tax income to a loss of $4.6 million.

Cash flow from operations weakened significantly in Q2 2026. Operating cash flow was negative $2.8 million in the quarter, down from positive $9.8 million in Q1 2026 and $8.2 million in Q4 2025. The quarter was hurt by a $10.3 million use of operating capital, which overwhelmed non-cash add-backs like depreciation and amortization.

The balance sheet is still large, but leverage is elevated. As of Q2 2026, LIVE held $392.5 million in total assets against $299.6 million in total liabilities, leaving equity of $92.9 million. That said, current liabilities of $104.9 million and noncurrent liabilities of $194.7 million indicate a meaningful debt burden, including $45.9 million in short-term debt, $88.8 million in long-term debt, and $97.0 million in capital lease obligations.

Working capital is still anchored by large inventory and receivables balances. Inventory totaled $121.6 million and accounts receivable were $39.1 million in Q2 2026. Those are substantial asset bases, but they also mean cash conversion depends heavily on inventory turns and collections.

Revenue remains above $100 million per quarter, showing the business still has scale and operating throughput.
Q1 2026 operating cash flow was solid at $9.8 million, demonstrating that the business can still generate cash under the right working-capital conditions.
Debt was reduced in Q2 2026, with financing cash flow showing a net inflow of $4.8 million and repayment activity that suggests some active balance-sheet management.
Cash and equivalents were $15.2 million in Q2 2026, providing some liquidity cushion.
Gross margin has been fairly stable in the mid-30% range, suggesting core product economics have not collapsed.
Depreciation and amortization remain sizable, indicating a capital-intensive business with significant non-cash charges.
Inventory and receivables are both large relative to cash, so liquidity is highly dependent on efficient working-capital management.
Q2 2026 operating income turned negative, reversing the improvement seen in Q1 2026.
Interest expense remains heavy, and it continues to pressure bottom-line profitability.
Cash from operations turned negative in Q2 2026, which is the biggest near-term concern for investors.

Looking at the broader trend over the last four years, LIVE’s earnings profile has been inconsistent. The company has had periods of strong profitability, but recent results show pressure from revenue softness, rising financing costs, and working-capital swings. The key question for investors is whether management can stabilize margins and turn operating cash flow consistently positive again.

Bottom line: Live Ventures is still a meaningful revenue-generating business, but the latest quarter raises caution flags. Profitability weakened, operating cash flow turned negative, and leverage remains significant. Investors will likely want to see better revenue stability, lower interest drag, and a return to stronger operating cash generation before confidence improves.

07/21/26 02:45 AM ETAI Generated. May Contain Errors.

Live Ventures Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Live Ventures' financial year ends in September. Their financial year 2025 ended on September 30, 2025.

Live Ventures' net income appears to be on an upward trend, with a most recent value of $22.74 million in 2025, falling from -$14.71 million in 2015. The previous period was -$26.69 million in 2024. View Live Ventures' forecast to see where analysts expect Live Ventures to go next.

Live Ventures' total operating income in 2025 was $14.64 million, based on the following breakdown:

Total Gross Profit: $145.69 million
Total Operating Expenses: $131.05 million

Over the last 10 years, Live Ventures' total revenue changed from $32.99 million in 2015 to $444.94 million in 2025, a change of 1,248.6%.

Live Ventures' total liabilities were at $291.10 million at the end of 2025, a 13.0% decrease from 2024, and a 798.5% increase since 2015.

In the past 10 years, Live Ventures' cash and equivalents has ranged from $770.90 thousand in 2016 to $8.98 million in 2020, and is currently $8.83 million as of their latest financial filing in 2025.

Over the last 10 years, Live Ventures' book value per share changed from 0.37 in 2015 to 31.03 in 2025, a change of 8,220.4%.

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Financial statements for NASDAQ:LIVE last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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