--- title: "Live Ventures | 10-Q: FY2026 Q2 Revenue: USD 102.9 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/286469122.md" datetime: "2026-05-14T21:08:55.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286469122.md) - [en](https://longbridge.com/en/news/286469122.md) - [zh-HK](https://longbridge.com/zh-HK/news/286469122.md) --- # Live Ventures | 10-Q: FY2026 Q2 Revenue: USD 102.9 B Revenue: As of FY2026 Q2, the actual value is USD 102.9 B. EPS: As of FY2026 Q2, the actual value is USD -0.8. EBIT: As of FY2026 Q2, the actual value is USD 1.883 B. ### Overall Company Financial Performance #### Net Income (Loss) - For the three months ended March 31, 2026, Live Ventures Incorporated reported a net loss of - $2.448 million, compared to a net income of $15.866 million in the prior-year period. - For the six months ended March 31, 2026, the company reported a net loss of - $2.512 million, compared to a net income of $16.358 million in the prior-year period. #### Total Revenue - Total revenue decreased by approximately $4.1 million, or 3.8%, to $102.9 million for the three months ended March 31, 2026, from $107.0 million in the prior-year period. - Total revenue decreased by approximately $7.1 million, or 3.2%, to $211.4 million for the six months ended March 31, 2026, from $218.5 million in the prior-year period. #### Gross Profit - Gross profit decreased by approximately $0.6 million, or 1.6%, to $34.6 million for the three months ended March 31, 2026, compared to $35.1 million in the prior-year period. The gross margin increased to 33.6% from 32.8%. - Gross profit decreased by approximately $0.6 million, or 0.8%, to $69.9 million for the six months ended March 31, 2026, compared to $70.5 million in the prior-year period. The gross margin increased to 33.1% from 32.3%. #### Operating Income (Loss) - Operating income (loss) for the three months ended March 31, 2026, was - $2.009 million, compared to an operating income of $2.092 million in the prior-year period. - Operating income (loss) for the six months ended March 31, 2026, was $1.442 million, compared to an operating income of $2.854 million in the prior-year period. #### Interest Expense, Net - Interest expense, net, was approximately $3.9 million for the three months ended March 31, 2026, remaining flat compared to the prior-year period. - Interest expense, net, decreased by approximately $0.6 million for the six months ended March 31, 2026, compared to the prior-year period. #### Adjusted EBITDA - Adjusted EBITDA for the three months ended March 31, 2026, was approximately $5.9 million, a decrease of approximately $0.6 million, or 8.8%, compared to the prior-year period. - Adjusted EBITDA for the six months ended March 31, 2026, was approximately $13.7 million, an increase of approximately $1.5 million, or 12.2%, compared to the prior-year period. #### Cash Flow - Net cash provided by operating activities was approximately $7.1 million for the six months ended March 31, 2026, compared to $9.6 million in the prior-year period, primarily due to increased inventory levels and higher income taxes receivable. - Cash flows used in investing activities were approximately - $3.3 million for the six months ended March 31, 2026, primarily for purchases of property and equipment. - Cash flows provided by financing activities were approximately $2.5 million for the six months ended March 31, 2026, primarily from proceeds from notes payable and net borrowings under revolver loans, partially offset by payments on notes payable and finance leases. #### Working Capital - Working capital increased by approximately $12.3 million to $74.4 million as of March 31, 2026, from $62.1 million as of September 30, 2025, driven by a decrease in current liabilities and an increase in current assets. ### Segmented Financial Metrics #### Retail-Entertainment Segment - **Revenue**: Increased by 14.8% to $21.2 million for the three months ended March 31, 2026, from $18.5 million in the prior-year period, driven by strong consumer demand. For the six months ended March 31, 2026, revenue increased by 12.8% to $44.8 million from $39.7 million. - **Gross Margin**: Decreased to 57.9% for the three months ended March 31, 2026, from 59.1% in the prior-year period due to a shift towards lower-margin new products. For the six months, it remained flat at 57.7% compared to 57.8%. - **Operating Income**: Increased to $3.3 million for the three months ended March 31, 2026, from $2.5 million in the prior-year period. For the six months, it increased to $8.0 million from $5.9 million. - **Adjusted EBITDA**: $3.529 million for the three months ended March 31, 2026, compared to $2.755 million in the prior-year period. For the six months, it was $8.496 million compared to $6.565 million. #### Retail-Flooring Segment - **Revenue**: Decreased by 26.2% to $20.2 million for the three months ended March 31, 2026, from $27.4 million in the prior-year period, due to headwinds in new-home construction and home-refurbishment markets. For the six months ended March 31, 2026, revenue decreased by 23.0% to $45.5 million from $59.1 million. - **Gross Margin**: Increased to 34.9% for the three months ended March 31, 2026, from 34.4% in the prior-year period, driven by sales mix. For the six months, it decreased to 33.1% from 35.9% due to a less favorable product mix. - **Operating Loss**: Increased to - $4.6 million for the three months ended March 31, 2026, from - $2.7 million in the prior-year period. For the six months, it increased to - $8.3 million from - $4.9 million. - **Adjusted EBITDA**: - $3.232 million for the three months ended March 31, 2026, compared to - $1.591 million in the prior-year period. For the six months, it was - $5.533 million compared to - $2.374 million. #### Flooring Manufacturing Segment - **Revenue**: Decreased by 3.2% to $30.3 million for the three months ended March 31, 2026, from $31.3 million in the prior-year period, due to reduced demand in new-home construction and home-refurbishment markets. For the six months ended March 31, 2026, revenue decreased by 2.2% to $59.1 million from $60.5 million. - **Gross Margin**: Increased to 26.9% for the three months ended March 31, 2026, from 26.5% in the prior-year period, due to improved manufacturing efficiency. For the six months, it increased to 26.0% from 24.1%. - **Operating Income**: Increased to $2.0 million for the three months ended March 31, 2026, from $1.6 million in the prior-year period. For the six months, it increased by 92.0% to $4.3 million from $2.2 million. - **Adjusted EBITDA**: $2.917 million for the three months ended March 31, 2026, compared to $2.526 million in the prior-year period. For the six months, it was $6.192 million compared to $4.159 million. #### Steel Manufacturing Segment - **Revenue**: Increased by 3.4% to $32.5 million for the three months ended March 31, 2026, from $31.5 million in the prior-year period, driven by higher sales volumes in certain businesses, offset by lower revenue in metal forming, assembly, and finishing solutions. For the six months ended March 31, 2026, revenue decreased by 0.6% to $64.4 million from $64.8 million. - **Gross Margin**: Increased to 22.1% for the three months ended March 31, 2026, from 21.0% in the prior-year period, due to a more favorable sales mix. For the six months, it increased to 21.0% from 19.4%. - **Operating Loss (Income)**: Operating loss was - $1.7 million for the three months ended March 31, 2026, compared to an operating income of $2.2 million in the prior-year period, primarily due to a - $4.0 million non-cash goodwill impairment charge related to PMW. For the six months, operating loss was - $0.050 million, compared to an operating income of $3.4 million in the prior-year period, also primarily due to the PMW goodwill impairment. - **Adjusted EBITDA**: $3.681 million for the three months ended March 31, 2026, compared to $4.080 million in the prior-year period. For the six months, it was $6.996 million compared to $7.267 million. #### Corporate and Other Segment - **Operating Loss**: The operating loss was - $0.9 million for the three months ended March 31, 2026, compared to - $1.3 million in the prior-year period, due to lower corporate expenses. For the six months, the operating loss was - $2.1 million compared to - $2.9 million. - **Adjusted EBITDA**: - $0.931 million for the three months ended March 31, 2026, compared to - $1.231 million in the prior-year period. For the six months, it was - $2.092 million compared to - $2.566 million. ### Future Outlook and Strategy Live Ventures Incorporated management believes that current resources, including $15.2 million in cash and $24.6 million available under revolving credit facilities, along with cash from operations, will provide sufficient liquidity for at least the next 12 months to fund operations, scheduled loan payments, share repurchases, and preferred stock dividends. A subsidiary, PMW, was in default of its Fixed Charge Coverage Ratio covenant and has entered a Forbearance Agreement until June 15, 2026, contingent on securing a replacement credit facility to refinance its $10.5 million long-term debt obligations. ### Related Stocks - [LIVE.US](https://longbridge.com/en/quote/LIVE.US.md) ## Related News & Research - [Live Ventures shareholders elect directors at annual meeting](https://longbridge.com/en/news/290867548.md) - [Transcript: Live Ventures Q1 2026 Earnings Conference Call](https://longbridge.com/en/news/275918412.md) - [UniCredit S.p.A. reports Q2 results; updates FY2026 outlook](https://longbridge.com/en/news/293581489.md) - [Solventum’s Q2 2026 Earnings: What to Expect](https://longbridge.com/en/news/293459582.md) - [Payoneer publishes update to financial calendar](https://longbridge.com/en/news/293630866.md)