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Financial statements

LiveOne, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data LiveOne, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue0.237.233.738.765.211799.611811477.1
Cost of revenue0.736.6931.29366.886.485.264.9
Gross profit-0.510.52.532432.83229.212.3
Research and development9.688.095.144.684.482.4
Selling, general and administrative5.35
Selling and marketing0.090.664.536.269.5214.18.37.846.44.04
General and administrative4.8910.717.419.120.833.715.922.322.720.7
Operating expenses5.7122.167.674.794.6155
Operating income-5.49-14.9-33.9-36-29.4-37.9-2.18-4.67-18.1-15.5
Interest expense2.32.40.3
Other non-operating income-8.77-4.14-3.65-3.12-12.8-5.88-7.77-8.53-2.5-5.74
Pre-tax income-14.3-19-37.5-39.1-42.2-43.7-9.95-13.2-20.6-21.2
Income tax0.010.22-0.19-0.350.180.070.12-0.190.03
Income from continuing operations-14.3-19-37.8
Net income to minority interests41.843.90-1.35-1.66-0.29
Net income-14.3-23.3-37.8-38.9-41.8-43.9-10-12-18.7-21
EBITDA-5.46-12.3-26.5-28-20.6-28.25.790.44-12.7-13.9
EPS, basic-4.71-6.31-7.81-6.53-5.99-1.28-1.50-2.14-2.02
EPS, diluted-4.71-6.31-7.81-6.53-5.99-1.28-1.50-2.14-2.02
Shares, basic (weighted)3,0403.74.8556.26.457.397.928.199.511
Shares, diluted (weighted)3,0403.74.8556.26.457.397.928.199.511

Balance sheet

FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash and equivalents1.4810.313.75.718.612.98.416.994.125.35
Receivables2.994.313.8910.613.713.713.28.38.44
Inventory2.572.62.61.81.590.69
Other current assets0.021.761.311.43.371.872.822.191.212.27
Total current assets1.518.719.617.735.331.327.724.315.216.8
Property, plant and equipment0.060.392.723.44.373.333.333.650.893.3
Lease right-of-use assets0.730.420.090.10.23
Goodwill5.389.679.6722.623.423.423.421.721.7
Intangible assets43.526.923.222.516.71112.42.571.92
Other non-current assets43.526.90.131.040.730.420.090.10.23
Total assets1.566858.954.185.876.865.963.940.546.9
Accounts payable0.541118.326.718.529.61115.215.315.7
Accrued liabilities1.162.523.9413.815.511.511.79.9111.9
Deferred revenue1.051.050.951.261.160.990.732.141.79
Short-term debt2.112.72
Total current liabilities4.7325.734.247.85160.144.546.836.435.9
Long-term debt10.36.510.8926.70.150.770.150.15
Lease liabilities0.470.1600.10.13
Other non-current liabilities0.179.589.3512.211.4
Total liabilities4.9629.649.461.277.687.762.157.348.959.3
Total debt0.2912.49.2328.1
Paid-in capital24.789.898.6121178203209216234259
Retained earnings-28.1-51.4-89.2-128-170-214-224-239-265-287
Treasury stock-2.16-4.78-0.25-0.85
Shareholders' equity-3.4138.49.46-7.138.14-10.9-1.01-8.74-17.8-20.5
Minority interests010.39.368.16
Total equity-3.4138.49.46-7.138.14-10.9-1.011.6-8.41-12.4
Total liabilities and equity1.566858.954.185.876.865.963.940.546.9
Shares outstanding3,2404.814.89597.187.718.178.649.6712.4

Cash flow statement

FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Net income-14.3-23.3-37.8-38.9-41.8-43.9-10-13.3-20.4-21.3
Depreciation and amortization0.022.547.398.028.779.627.975.115.331.63
Stock-based compensation03.229.221211.312.73.056.346.1611.2
Deferred income tax0.21-0.21-0.360.16-0.010.01-0.280
Change in receivables0.35-1.320.533.43-3.120.03-0.034.870.18
Change in inventory0.03-0.0300.80.220.9
Change in payables0.322.391113.22.3310.8-0.38
Cash from operations-3.12-5.73-5.77-4.89-9.51-9.12-3.846.856.37-10.5
Capital expenditures-0.02-0.05-2.53-2.58-3.21-3.74-2.44-3.04-3.05-3.18
Acquisitions-0.15
Cash from investing2.16-2.31-2.53-2.44-0.79-3.98-2.45-4.05-3.12-8.18
Debt repaid-1.67-10.8
Stock issued1.387.530.8700.0109.38
Share buybacks-2.16-2.62-1-0.6
Dividends paid0-0.510
Cash from financing2.420.58.275.8316.67.491.79-4.31-6.2420
Net change in cash1.4412.5-0.03-1.56.33-5.62-4.51-1.51-2.991.23
Free cash flow-3.14-5.78-8.3-7.47-12.7-12.9-6.283.813.32-13.7
Interest paid0.30.981.520.971.471.931.110.872.3
Income taxes paid00.020.0300.0400

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $2.34 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin17.9%Gross profit / revenue.
Operating margin-19.6%Operating income / revenue.
EBITDA margin-16.9%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-26.5%Pre-tax income / revenue.
Net margin-25.8%Net income / revenue.
FCF margin-16.3%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-12.4%Cash from operations / revenue.
Return on assets (ROA)-41.0%Net income / average total assets.
R&D / revenue3.2%Research and development expense / revenue.
Stock-based pay / revenue20.8%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue3.9%Capital expenditures / revenue.
D&A / revenue2.7%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-32.6%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y-8.2%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y3.4%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y-57.9%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y-27.9%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y-265.6%Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y-513.9%Free cash flow vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y15.7%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-10.7%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y-11.4%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y15.6%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y11.5%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y11.2%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.62xCurrent assets / current liabilities.
Quick ratio0.50x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.25x(Cash + short-term investments) / current liabilities.
Liabilities / assets110.3%Total liabilities / total assets.
Working capital-$13.2MCurrent assets - current liabilities.
Goodwill and intangibles / assets48.3%(Goodwill + intangible assets) / total assets.
Tangible book value-$37.2MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover1.59xRevenue / average total assets.
Fixed asset turnover23.9xRevenue / average property, plant and equipment.
Inventory turnover87.2xCost of revenue / average inventory.
Days inventory4 days365 x average inventory / cost of revenue.
Receivables turnover8.75xRevenue / average receivables.
Days sales outstanding42 days365 x average receivables / revenue.
Days payables86 days365 x average accounts payable / cost of revenue.
Cash conversion cycle-40 daysDays inventory + days sales outstanding - days payables.

Per share

MetricValueHow it is calculated
EPS, diluted-$1.50Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$5.82Revenue / diluted weighted shares.
FCF per share-$0.95Free cash flow / diluted weighted shares.
Operating cash flow per share-$0.72Cash from operations / diluted weighted shares.
Book value per share-$1.00Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share-$2.73Tangible book value / shares outstanding.
Cash per share$0.63(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$32.1MShare price x shares outstanding.
Enterprise value$23.5MMarket cap + total debt - cash - short-term investments.
P/S0.42xMarket cap / revenue.
EV/Sales0.30xEnterprise value / revenue.
FCF yield-39.2%Free cash flow / market cap.
Earnings yield-62.2%Net income / market cap (the inverse of P/E).
Shareholder yield1.1%(Dividends paid + share buybacks) / market cap.
What was LiveOne, Inc.'s revenue in fiscal 2026?

LiveOne, Inc. reported revenue of $77.1M for fiscal 2026, 32.6% lower than the year before.

Was LiveOne, Inc. profitable in fiscal 2026?

No. It reported a net loss of $21.0M.

How much free cash flow did LiveOne, Inc. generate in fiscal 2026?

Cash from operations of $10.5M minus capital expenditures of $3.2M left free cash flow of -$13.7M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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