0001628280-26-007761
SEC filingLive Ventures Incorporated reported Q1 fiscal 2026 revenue of $108.5M, generating a gross profit of $35.4M. Despite positive operating income of $3.5M, the company recorded a net loss of $64K, primarily driven by substantial interest expenses of $3.6M which eroded operating gains. The company demonstrated strong cash generation, with net cash provided by operating activities reaching $9.8M for the quarter. The balance sheet reflects a solid liquidity position with $15.1M in cash and total current assets of $170.9M against total current liabilities of $101.7M. However, the company carries a significant debt load, with total liabilities of $293.9M against stockholders' equity of $95.3M. The weighted average common shares outstanding remained stable at 3.1M. No prior period comparative figures were provided in the XBRL data, limiting period-over-period trend analysis.
For the fiscal first quarter ended December 31, 2025, Live Ventures Incorporated reported total revenue of $108.5M. Cost of revenue was $73.2M, resulting in a gross profit of $35.4M. Operating expenses totaled $31.9M, comprised of $27.8M in general and administrative expenses and $4.1M in sales and marketing expenses. This yielded an operating income of $3.5M. However, significant interest expense of $3.6M and other expenses resulted in a loss before income taxes of $89K. After a tax benefit of $25K, the company reported a net loss of $64K. Basic and diluted loss per share was negligible at -$0.00, based on 3.1M weighted average shares outstanding.
The XBRL financial data provided does not contain a breakdown of revenue by operating segment, geography, or product line. Consequently, a detailed analysis of revenue drivers or segment performance cannot be provided. The reported revenue of $108.5M represents the consolidated top-line figure for the quarter. Without comparative prior period data, growth trends or seasonal patterns cannot be determined from the available information.
The company achieved a gross margin of approximately 32.6% ($35.4M / $108.5M). Operating margin stood at 3.2% ($3.5M / $108.5M). While the core business operations were profitable at the operating level, the heavy interest burden of $3.6M relative to operating income compressed net profitability, resulting in a slight net loss. General and administrative expenses represented the largest operating cost component at 25.6% of revenue.
Operating cash flow was robust at $9.8M, significantly outpacing net income due to non-cash adjustments like depreciation and amortization ($3.9M). Free cash flow, calculated as operating cash flow ($9.8M) less capital expenditures ($1.3M), was approximately $8.5M. The company ended the period with $15.1M in cash. Total assets were $389.2M, including $118.2M in inventory and $61.2M in goodwill. Total liabilities were $293.9M, with long-term debt net of current portion at $64.9M. Stockholders' equity totaled $95.3M.
The provided XBRL data and document content do not contain forward-looking statements, management guidance, or strategic priorities regarding future operations. Risk factors and management's outlook for the remainder of fiscal 2026 were not included in the source text. Investors should refer to the complete 10-Q filing for MD&A discussion and forward-looking disclosures.