0001898795-26-000048
SEC filingRevenue surged 86.5% to $5.1M on higher volumes, while operating loss narrowed 14.5% as cost discipline improved margins.
Revenue for the first quarter of 2026 increased 86.5% to $5.1 million compared to $2.7 million in the prior year period. The increase was primarily driven by higher volumes in all markets and higher shipment volumes to third-party distributors. This reflects continued demand for LiveWire's electric motorcycle and STACYC products.
Net cash used in operating activities improved to -$13.0 million from -$17.5 million in the prior year, reflecting favorable working capital changes and cost controls. Capital expenditures increased to $688 thousand from $613 thousand, primarily due to investments in product development. Free cash flow was -$13.7 million. Management continues to assess liquidity and has flexibility to adjust spending through cost reduction initiatives. Based on current plans, the Company expects its resources to be sufficient for at least the next twelve months.
LiveWire's 2026 outlook centers on launching two new 125 cc-equivalent mini-motos (S4 Honcho), expanding its retail network, and continuing cost savings. The company plans to focus on profitable products and STACYC growth. While net losses reflect early-stage investments, management has flexibility to adjust spending. The path to profitability hinges on successful product launches and sustained volume growth, with the new mini-motos expected to broaden the customer base and improve affordability.