LIVE · Live Ventures Incorporated

Live Ventures reported fiscal second quarter 2026 results with revenue of $102.9 million, down 3.8% year-over-year, primarily due to a $7.2 million decline in the Retail-Flooring segment, which faced continued headwinds in new-home construction and home-refurbishment markets. Gross margin improved 80 basis points to 33.6%, driven by favorable mix and improved margins in Steel Manufacturing, Flooring Manufacturing, and Retail-Flooring. Operating loss was $2.0 million, compared to operating income of $2.1 million in the prior year, largely due to a $4.0 million non-cash goodwill impairment in the Steel Manufacturing segment. Excluding that charge, operating income would have been approximately $2.0 million, essentially flat year-over-year. Net loss was $2.4 million, or $0.80 per diluted share, versus net income of $15.9 million, or $5.05 per diluted share, in the prior year, which had benefited from a $22.8 million gain on modification of the Flooring Liquidators seller note. Adjusted EBITDA decreased 8.8% to $5.9 million. Segment performance was mixed: Retail-Entertainment and Flooring Manufacturing posted strong operating income growth of 32.8% and 24.0%, respectively, while Retail-Flooring operating loss widened to $4.6 million and Steel Manufacturing swung to an operating loss of $1.7 million. Management highlighted cost-reduction initiatives and operational improvements, but did not provide forward guidance. The company had $39.8 million in total cash and credit availability as of March 31, 2026.