LVWR-WT LiveWire Group, Inc.
Price Chart
Executive Summary
LiveWire Group reported Q1 2026 revenue of $5.1M, up 86% YoY from $2.7M, driven by a 176% increase in Electric Motorcycle unit sales and a 101% increase in STACYC unit sales. Net loss narrowed to $18.1M from $19.3M, and free cash flow improved 25% to -$13.6M. The company reiterated its full-year 2026 guidance for an operating loss of $70M-$80M, maintaining the same outlook as provided in February.
Key Financial Metrics
Actionable Insight
Revenue growth is strong but from a very low base, and the company remains deeply unprofitable with a $319M accumulated deficit and only $67.5M in cash. The reiterated $70M-$80M operating loss guidance implies continued cash burn. Monitor the S4 Honcho launch in Spring 2026 as a potential catalyst for revenue acceleration, but the path to profitability remains distant.
Key Facts
- Consolidated revenue $5.1M, up 86% YoY from $2.7M
- Consolidated operating loss improved 14% to ($17.7M) from ($20.7M)
- Net loss improved 6% to ($18.1M) from ($19.3M)
- Electric Motorcycle unit sales +176% YoY; revenue +236% to $1.4M
- STACYC unit sales +101% YoY; revenue +60% to $3.7M
- Free cash flow improved 25% to ($13.6M) from ($18.1M)
- Full-year 2026 guidance reiterated: operating loss $70M-$80M (unchanged from Feb 2026)
- Cash and cash equivalents $67.5M, down from $82.8M at Dec 31, 2025
- Company remains loss-making with accumulated deficit of $319.2M
- Market share of 76% in U.S. electric motorcycle 50+ kW on-road EV segment
Financial Impact
Revenue growth of 86% YoY to $5.1M; net loss of $18.1M; cash burn of $13.6M FCF
Risk Factors
- Continued operating losses and cash burn; cash position declining ($67.5M from $82.8M)
- Accumulated deficit of $319.2M with no near-term profitability
- Dependence on Harley-Davidson for manufacturing, services, and related-party financing ($74.2M term loan)
- Low revenue base makes growth rates volatile and less meaningful
- At-the-market equity offering (up to $50M) could cause dilution
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001898795-26-000044 |
| Document: lvwr-20260505.htm | 0001898795-26-000044 |
| Document: 0001898795-26-000044-index-headers.html | 0001898795-26-000044 |
| Document: 0001898795-26-000044-index.html | 0001898795-26-000044 |
| Document: 0001898795-26-000044.txt | 0001898795-26-000044 |
| 8-K Data (Synthetic) | 0001898795-26-000044 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 22, 2026
1d ago
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8-K
| — | awaiting T+20 | — | — |
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May 19, 2026
4d ago
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8-K
| — | awaiting T+20 | — | — |
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May 5, 2026
18d ago
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8-K
| — | awaiting T+20 | — | — |
US Market Status
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