LiveWire Group, Inc.
LVWR Consumer Cyclical Auto Manufacturers
LiveWire Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $25.7 million, down 3.61% from fiscal 2024. In the quarter to June 2026, revenue grew 55.2%, EPS was flat and free cash flow grew 12.6%, each against the same quarter a year earlier.
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LiveWire Group, Inc. (LVWR) Piotroski F-score
LiveWire Group, Inc.'s Piotroski F-score for fiscal 2025 is 4 out of 9: 4 of nine tests of profitability, leverage and efficiency passed, up from 3 in fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 4 | 1.00 |
| FY2024 | 3 | 0.00 |
| FY2023 | 3 | (1.00) |
| FY2022 | 4 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (51.03%) | (45.36%) | Fail | 0 |
| Positive operating cash flow | (53.55m) | (93.86m) | Fail | 0 |
| Rising return on assets | (51.03%) | (45.36%) | Fail | 0 |
| Cash flow above net income | 21.57m | 66.00k | Pass | 1 |
| Falling long-term leverage | 0.50 | 0.00 | Fail | 0 |
| Rising current ratio | 4.63 | 3.29 | Pass | 1 |
| No new shares issued | 203,730,000 | 203,206,000 | Fail | 0 |
| Rising gross margin | (17.27%) | (48.00%) | Pass | 1 |
| Rising asset turnover | 0.17 | 0.13 | Pass | 1 |
| Piotroski F-score | Mixed | 4 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| CYD China Yuchai International Limited compare | 8 |
| NIU Niu Technologies compare | 6 |
| LVWR LiveWire Group, Inc. | 4 |
| AIIO Robo.ai Inc. - Class B compare | 3 |
| EMPD Empery Digital Inc. compare | 3 |
| PSNY Polestar Automotive Holding UK PLC compare | 3 |
| LOT Lotus Technology Inc. Sponsored ADR compare | 3 |
| LCID Lucid Group, Inc. compare | 3 |
| SEV Aptera Motors Corp. compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover