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EZGO Technologies vs LiveWire: revenue, profit, margins and growth compared

EZGO Technologies brought in $21.1M of revenue in fiscal 2024, LiveWire $25.7M in fiscal 2025. Revenue changed by +32.7% at EZGO Technologies and -3.6% at LiveWire on the year before, so EZGO Technologies grew faster. EZGO Technologies kept -34.5% of its revenue as net profit, LiveWire -292.6%.

Side by side, latest fiscal year

EZGOLVWR
Fiscal year endedFY2024 (September 30, 2024)FY2025 (December 31, 2025)
Revenue$21.1M$25.7M
Revenue growth+32.7%-3.6%
Net income-$7.3M-$75.1M
Net margin-34.5%-292.6%
Free cash flown/a-$57.4M
Free cash flow marginn/a-223.4%
Earnings per share (diluted)-$2.80-$0.37
Cash$3.5M$82.8M
Debt$8.1M$75M
Price to earningsn/an/a
Market value$2.1M$308.1M
Dividend yieldn/an/a
Rank by revenue in sector#823 of 955 · Consumer discretionary#809 of 955 · Consumer discretionary

Over the years

Revenue
EZGO FY2018: $3.2MEZGO FY2020: $1.4MEZGO FY2020: $15.2MEZGO FY2021: $23.4MEZGO FY2022: $17.4MEZGO FY2023: $15.9MEZGO FY2024: $21.1MLVWR FY2020: $30.9MLVWR FY2022: $35.8MLVWR FY2022: $46.8MLVWR FY2023: $38MLVWR FY2024: $26.6MLVWR FY2025: $25.7MFY18FY20FY21FY22FY23FY24FY25
EZGO $21.1MLVWR $25.7M
Net income
EZGO FY2018: $633.7KEZGO FY2020: $2.2MEZGO FY2020: $276.9KEZGO FY2021: -$3.4MEZGO FY2022: -$6.5MEZGO FY2023: -$6.8MEZGO FY2024: -$7.3MLVWR FY2020: -$77.6MLVWR FY2022: -$68.3MLVWR FY2022: -$78.9MLVWR FY2023: -$109.6MLVWR FY2024: -$93.9MLVWR FY2025: -$75.1MFY18FY20FY21FY22FY23FY24FY25
EZGO -$7.3MLVWR -$75.1M
Net margin
EZGO FY2018: 19.9%EZGO FY2020: 159.8%EZGO FY2020: 1.8%EZGO FY2021: -14.6%EZGO FY2022: -37.2%EZGO FY2023: -42.6%EZGO FY2024: -34.5%LVWR FY2020: -251.3%LVWR FY2022: -190.7%LVWR FY2022: -168.6%LVWR FY2023: -288.1%LVWR FY2024: -352.7%LVWR FY2025: -292.6%FY18FY20FY21FY22FY23FY24FY25
EZGO -34.5%LVWR -292.6%
Revenue growth
EZGO FY2020: -57.0%EZGO FY2020: +1,011.7%EZGO FY2021: +53.7%EZGO FY2022: -25.8%EZGO FY2023: -8.4%EZGO FY2024: +32.7%LVWR FY2022: +16.0%LVWR FY2022: +30.8%LVWR FY2023: -18.8%LVWR FY2024: -30.0%LVWR FY2025: -3.6%FY20FY21FY22FY23FY24FY25
EZGO +32.7%LVWR -3.6%
Free cash flow
EZGO FY2018: $910.4KEZGO FY2020: -$4MEZGO FY2020: $1.7MEZGO FY2021: -$13MLVWR FY2020: -$57MLVWR FY2022: -$84.5MLVWR FY2022: -$103.8MLVWR FY2023: -$96.9MLVWR FY2024: -$101.9MLVWR FY2025: -$57.4MFY18FY20FY21FY22FY23FY24FY25
EZGO -$13MLVWR -$57.4M

Fiscal years as each company reports them; the two may end in different months.

Questions about EZGO Technologies and LiveWire

Which is bigger by revenue, EZGO Technologies or LiveWire?

LiveWire is bigger by revenue: $25.7M in fiscal 2025, against $21.1M for EZGO Technologies in fiscal 2024.

Which keeps more of its revenue as profit, EZGO Technologies or LiveWire?

EZGO Technologies had a net margin of -34.5% in fiscal 2024; LiveWire had -292.6% in fiscal 2025.

Which grew revenue faster, EZGO Technologies or LiveWire?

In their latest fiscal years revenue changed by +32.7% at EZGO Technologies and -3.6% at LiveWire.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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