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LiveWire Group Inc.(LVWR)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$1.19
09/16/2026
(24-hour delay)

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*as per simulation (see disclosures)
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Upturn Advisory & Investor View for LVWR

09/16/2026: LVWR (1-star) is currently NOT-A-BUY. Pass it for now.

LiveWire Group Inc. is an independent electric motorcycle manufacturer focusing on the premium segment, with a strong strategic tie to its majority owner, Harley-Davidson. Its primary business strength lies in its proprietary electric powertrain technology and established brand heritage. The investment story centers on the company's potential to capture the growing electric mobility market through innovation and product scaling. However, as an early-stage company, it faces significant risks related to product execution, profitability, and competition from both ICE and EV rivals. The stock best suits growth-oriented investors who are comfortable with high volatility and are monitoring for consistent production growth and margin improvements.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThe company offers exposure to the nascent electric motorcycle market but carries significant execution and scaling risks.
Momentum investorMixed fitMomentum is highly conditional on product delivery milestones and positive market sentiment regarding EV adoption.
Value investorWeak fitThe company is not currently profitable, making traditional value metrics like P/E ratios inapplicable.
Dividend investorWeak fitLiveWire does not pay dividends and focuses all capital on development.
Low-risk investorWeak fitHigh price volatility and startup-phase business risks make this unsuitable for conservative investors.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighAs a small-cap growth stock in the EV space, the share price is susceptible to sharp swings based on news and market sentiment.
Valuation riskHighFuture growth expectations are baked into the price, leaving little room for error in quarterly delivery targets.
Competition risk (traditional and EV manufacturers)Medium / highEstablished players and new startups are actively entering the electric two-wheeler market.
Business qualityMediumThe company is in an early, capital-intensive phase without a proven track record of consistent profitability.
Dividend incomeLow / noneInvestors should not expect income, as all capital is directed toward growth.
Execution riskHighSuccessful scaling of manufacturing and global distribution is critical for long-term viability.

Price Behavior

Steep Decline
PRICE PATH

Steep Decline

The stock price has dropped sharply with strong downward pressure.

Extreme Price Shocks
PRICE STABILITY

Extreme Price Shocks

The stock has experienced exceptionally large and disruptive price movements during the period.

Analysis of Past Performance

Type Stock
Historic Profit -41.23%
Avg. Invested days 23
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/16/2026

Upturn Scorecard

Upturn Star Rating

LVWR receives a 2-star rating, supported by available scored pillars. The rating is constrained by weak unit economics, soft quantitative characteristics, and weak price momentum.

Company Fundamentals

LVWR has moderate overall fundamentals (3 stars), with soft financial health, moderate growth momentum, and moderate ownership. In FY2025 versus FY2024, solid earnings growth (+20.0%) is partially offset by soft cash generation (FCF margin -223.4%), slightly negative revenue growth (-3.6%), soft profitability (net margin -292.6%).

Financial Health Rating

LVWR's financial health is supported by moderate liquidity, including working-capital and asset support (WC/assets 56.2%). Operating efficiency is weak (1 stars), which helps explain the 2-star overall score.

Growth Momentum Score

Free-cash-flow growth is LVWR's strongest growth driver at +43.7% FY2025 versus FY2024 (strong, 5 stars). By comparison, earnings growth (+20.0%, solid) is also solid, while revenue growth (-3.6%, slightly negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

Institutional ownership is 2.0% and approximately 6.6% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 94.06% supports management-shareholder alignment.

Top 5 Institutional Investors

BlackRock Inc 0.51%
Geode Capital Management, LLC 0.25%
State Street Corp 0.24%
Vanguard Capital Management, LLC 0.11%
Jane Street Group LLC 0.10%

Unit Economics (Per $1K Revenue)

LVWR generates approximately $-173 of gross profit, $-2,940 of operating income, and $-2,234 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

Effective Tax Rate: -0.25% (Tax Credit)

Quantitative Style Profile

LVWR has a Short Squeeze Candidate profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

High VolatilitySmall / Mid Cap RiskShort Squeeze Risk

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 244.44M USD
Price to earnings Ratio -
1Y Target Price 7.25
Price to earnings Ratio -
1Y Target Price 7.25
Volume (30-day avg) 564.4K shares
Beta 1.61
52 Weeks Range 0.65 - 6.44
Updated Date 09/16/2026
52 Weeks Range 0.65 - 6.44
Updated Date 09/16/2026
Dividends yield (FY) -
Basic EPS (TTM) -0.38

How Company Makes Money

Business areaWhat it includesRetail investor read
MotorcyclesSale of electric motorcycles like the S2 Del Mar and S2 Mulholland.The company generates revenue primarily by selling premium electric motorcycles to consumers.
Accessories and ApparelBranded gear, parts, and maintenance products.Additional revenue is generated through the sale of lifestyle products that support the motorcycle brand.

Analyzing Revenue: Products, Geography and Growth

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE -
Forward PE -
Enterprise Value 254.50M
Price to Sales(TTM) 7.81
Enterprise Value 254.50M
Price to Sales(TTM) 7.81
Enterprise Value to Revenue 8.13
Enterprise Value to EBITDA -18.28
Shares Outstanding 205.41M
Shares Floating 13.59M
Shares Outstanding 205.41M
Shares Floating 13.59M
Percent Insiders 94.06
Percent Institutions 2.01

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About LiveWire Group Inc.

Exchange NYSE
Headquarters Milwaukee, WI, United States
IPO Launch date 2022-09-26
CEO -
Sector Consumer Cyclical
Industry Recreational Vehicles
Full time employees 151
Full time employees 151

LiveWire Group, Inc. manufactures and sells electric motorcycles in the United States, Austria, and internationally. The company operates in two segments, Electric Motorcycles and STACYC. It designs and sells electric motorcycles and parts, accessories, and apparel; electric balance bikes for kids; and adult pedal assist electric bikes. The company sells its products to wholesale, independent dealers and retailers, and independent distributors, as well as direct to consumers online. It offers its products under the LiveWire brand name. The company was founded in 2010 and is based in Milwaukee, Wisconsin. LiveWire Group, Inc. is a subsidiary of Harley-Davidson, Inc.