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Live Ventures Inc (LIVE)
NASDAQ:LIVE
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Live Ventures
(NASDAQ:LIVE)
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Rating:63Neutral
Price Target:
$18.50
▲(35.63% Upside)
Action:ReiteratedDate:02/13/26
The score is driven primarily by improving (but still uneven) financial performance—profitability and cash flow have recovered, but revenue softness and meaningful leverage remain key risks. Valuation is a major positive due to the very low P/E. Technical signals are mixed, and the latest earnings call supports the improvement narrative but highlights ongoing top-line pressure, especially in Retail-Flooring.
Positive Factors
Improved profitability & margins
The company has moved back to positive net and EBITDA margins with gross margins steady in the low-30% range. Durable margin recovery supports sustainable cash generation, strengthens operating leverage, and provides a better foundation to withstand cyclical revenue pressure over the next several quarters.
Positive free cash flow generation
Consistent positive operating and free cash flow gives the company internal funding for capex, working capital and selective acquisitions without immediate reliance on equity markets. Sustainable FCF enhances flexibility to invest in efficiency and service debt over a multi-quarter horizon.
Improved liquidity & refinancing
Lower interest costs, material cash availability and recent refinancing strengthen near-term liquidity and reduce immediate rollover risk. Better funding flexibility supports operational initiatives (store openings, automation) and provides time to execute deleveraging or strategic investments over the next several quarters.
Negative Factors
Top-line softness & Retail-Flooring decline
Sustained revenue weakness, led by a large drop in Retail-Flooring, undermines durable earnings growth and limits margin expansion potential. Structural softness in customer demand and footprint changes mean recovery depends on cyclical housing trends and successful execution of store and inventory strategies.
Meaningful leverage
Material leverage, despite improvement, constrains strategic flexibility and amplifies earnings volatility: weaker revenue or margin pressure could slow deleveraging and raise refinancing risk. High leverage reduces capacity for acquisitions or larger investments without further balance sheet repair.
Subpar cash conversion vs. earnings
While FCF is positive, conversion lag versus net income and modest operating-cash-to-debt ratio limit the firm's ability to rapidly pay down debt. This structural constraint can force reliance on refinancing or slower balance-sheet repair if earnings face future headwinds.
Live Ventures (LIVE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$57.35M
Dividend YieldN/A
Average Volume (3M)15.04K
Price to Earnings (P/E)2.7
Beta (1Y)0.35
Revenue Growth-5.90%
EPS GrowthN/A
CountryUS
Employees1,429
SectorConsumer Cyclical
Sector Strength84
IndustryHome Improvement
Share Statistics
EPS (TTM)-0.02
Shares Outstanding3,071,656
10 Day Avg. Volume11,635
30 Day Avg. Volume15,035
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)0.60
Price to Sales (P/S)0.13
P/FCF Ratio2.71
Enterprise Value/Market Cap2.68
Enterprise Value/Revenue0.35
Enterprise Value/Gross Profit1.06
Enterprise Value/Ebitda2.57
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Live Ventures Business Overview & Revenue Model
Company DescriptionLive Ventures Incorporated (LIVE) is a diversified holding company that operates in various sectors, primarily focusing on consumer products, manufacturing, and e-commerce. The company seeks to identify and acquire businesses that have potential for growth and profitability, leveraging operational synergies and management expertise to enhance performance. Live Ventures is known for its portfolio that includes brands in the home improvement sector, as well as online retail platforms that cater to a broad range of consumer needs.
How the Company Makes MoneyLive Ventures generates revenue through multiple key streams, primarily from its ownership of subsidiary companies that operate in diverse industries. The company earns money through the sale of consumer products manufactured by its subsidiaries, which include flooring and home improvement items. Additionally, Live Ventures capitalizes on e-commerce sales through its various online platforms. The company's revenue model is supported by strategic acquisitions that allow it to enhance operational efficiencies and expand market reach. Furthermore, partnerships with other companies in the supply chain and retail space help to optimize distribution and sales channels, contributing to its overall earnings. Factors such as market demand for home improvement products and the growth of online shopping significantly influence its revenue generation capabilities.
Live Ventures Earnings Call Summary
Earnings Call Date:Feb 12, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:May 18, 2026
Earnings Call Sentiment Positive
The call emphasized strong operational improvement despite modest top-line pressure: major profitability and margin gains (operating income up 352.9%, adjusted EBITDA up 35.7%, gross margin +90 bps), meaningful cost reductions, improved liquidity and a strategic refinancing, balanced against a small revenue decline (-2.7%) driven largely by a significant decline in Retail-Flooring (-20.2%), modest weakness in Steel Manufacturing (-4.3%), and a small net loss versus a prior-year quarter that included one-time gains. Management is pursuing growth and efficiency initiatives (store openings, AI/robotics integration) to build on momentum.Q1-2026 Updates
Positive Updates
Significant Operating Income Improvement
Operating income increased by $2.7 million or 352.9% to $3.5 million for the quarter, driven by higher gross margins and cost reduction initiatives across multiple segments.
Adjusted EBITDA Growth
Adjusted EBITDA rose to $7.8 million, up $2.0 million or 35.7% versus the prior year period, primarily due to higher operating income.
Gross Margin Expansion
Gross margin improved by 90 basis points to 32.6% (from 31.7%), reflecting improved efficiencies in Flooring Manufacturing, better product mix in Retail-Entertainment, and efficiency gains in Steel Manufacturing.
Cost Reductions and Lower Operating Expenses
General & administrative expense decreased ~$2.2 million or 7.4% to $27.8 million and sales & marketing expense decreased 10.4% to ~$4.1 million, driven by targeted cost reduction initiatives (lower compensation, professional fees, and product sample expenses).
Lower Interest Expense and Stronger Liquidity
Interest expense declined 14.4% to ~$3.6 million. Total cash availability was $38.7 million (cash on hand $15.1 million plus $23.6 million in credit availability) and working capital increased to ~$69.1 million from $62.1 million at prior quarter-end.
Balance Sheet and Strategic Actions
Completed refinancing of a credit facility in the Steel Manufacturing segment, strengthening the balance sheet and ability to support growth; total assets were $389.2 million and total stockholders' equity was $95.3 million as of quarter end.
Operational Initiatives and Growth Investments
Opened 3 new Retail-Flooring stores late in the quarter and announced a company-wide strategy to integrate AI, robotics and data analytics to modernize operations and reinforce cost discipline.
Negative Updates
Overall Revenue Decline
Total revenue decreased approximately $3.0 million or 2.7% to ~$108.5 million for the quarter, primarily due to declines in the Retail-Flooring and Steel Manufacturing segments.
Retail-Flooring Revenue Weakness
Retail-Flooring revenue declined ~$6.4 million or 20.2% to ~$25.3 million, driven by store footprint changes, continued softness in the housing market, and the sale of a greater mix of aged inventory; the company operated 2 fewer locations year-over-year.
Steel Manufacturing Revenue Decline
Steel Manufacturing revenue decreased ~$1.4 million or 4.3% to ~$31.9 million, primarily due to lower sales volumes in the metal forming, assembly and finishing solutions business.
Net Loss Compared to Prior-Year Income
Reported a net loss of approximately $100,000 (loss per share $0.02) versus net income of ~$500,000 (diluted EPS $0.16) in the prior year period; prior-year quarter included nonrecurring gains (a $2.8 million earn-out settlement gain and a $700,000 seller note settlement gain).
Segment-Specific Margin Pressure
Gross margin in the Retail-Flooring segment declined year-over-year due to the greater mix of aged inventory sold during a seasonally slower period, partially offsetting improvements elsewhere.
Housing Market Headwinds
Sustained softness in new home construction and home refurbishment markets continues to weigh on Retail-Flooring performance and pressured intercompany sales to Flooring Manufacturing.
Company Guidance
Management's guidance was operational rather than numeric: they plan to drive efficiency and support growth by integrating AI, robotics and data analytics across the portfolio and by leveraging a recently refinanced Steel Manufacturing credit facility, with the Q1 results they cited as the foundation — total revenue ~$108.5M (down ~$3.0M or 2.7%), operating income up $2.7M (352.9%) to $3.5M, adjusted EBITDA $7.8M (+$2.0M, +35.7%), gross profit ~$35.4M and gross margin 32.6% (+90 bps), Retail‑Entertainment revenue $23.6M (+11%), Retail‑Flooring $25.3M (‑20.2%, two fewer locations but three new openings), Flooring Manufacturing $28.9M (‑1.1%; net +$2.0M ex intercompany), Steel Manufacturing $31.9M (‑4.3%; net ‑$0.7M ex intercompany), G&A $27.8M (‑7.4%), sales & marketing $4.1M (‑10.4%), interest expense $3.6M (‑14.4%), net loss ~$0.1M (EPS ‑$0.02) vs prior net income $0.5M (EPS $0.16) that included one‑time gains, cash availability $38.7M (cash $15.1M + $23.6M credit), working capital $69.1M, total assets $389.2M and stockholders' equity $95.3M.Live Ventures Financial Statement Overview
Summary
Fundamentals are improving but not yet robust: TTM returned to profitability with steady low-30% gross margins and positive free cash flow, while leverage remains meaningful and recent revenue momentum is weak/declining, limiting deleveraging capacity without sustained earnings.Income Statement
TTM (Trailing-Twelve-Months) results show a return to profitability (about 5.0% net margin and ~12.3% EBITDA margin), a clear improvement versus 2024 when the company posted a net loss and negative operating profit. Gross margin is relatively steady in the low-30% range, supporting earnings quality. The main concern is growth: revenue is sharply down in TTM (reported decline) and was slightly down in the latest annual period, indicating recent demand/volume pressure despite better margins.62
Positive
Balance Sheet
Leverage is meaningful: debt sits above equity in TTM (debt-to-equity ~1.21) and was much higher in the latest annual report (~2.27), though it improved substantially from 2024 (~3.54). Equity is positive and returns on equity are strong in TTM and the latest annual period (~24%), reflecting improved profitability. Overall, the balance sheet is trending in the right direction, but the company still carries enough debt that earnings volatility (as seen in 2023–2024) remains a key risk.54
Neutral
Cash Flow
TTM (Trailing-Twelve-Months) cash generation is positive, with operating cash flow of ~$29.1M and free cash flow of ~$21.9M, and free cash flow up strongly versus the prior period. However, cash conversion is not consistently strong: free cash flow is below net income in TTM (about 0.73x), and operating cash flow relative to debt is modest (roughly 0.28x), implying limited near-term deleveraging capacity without sustained profitability.58
Neutral
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 441.98M | 444.94M | 472.84M | 355.17M | 286.91M | 272.98M |
| Gross Profit | 145.68M | 145.69M | 144.82M | 115.57M | 97.83M | 99.46M |
| EBITDA | 59.93M | 61.23M | 9.49M | 33.27M | 52.22M | 51.46M |
| Net Income | 22.19M | 22.74M | -26.68M | -102.00K | 24.74M | 31.20M |
Balance Sheet | ||||||
| Total Assets | 389.22M | 386.40M | 407.55M | 421.81M | 278.64M | 211.74M |
| Cash, Cash Equivalents and Short-Term Investments | 15.13M | 8.83M | 4.60M | 4.31M | 4.60M | 4.66M |
| Total Debt | 115.67M | 216.46M | 258.05M | 244.53M | 143.66M | 94.16M |
| Total Liabilities | 293.93M | 291.10M | 334.66M | 321.68M | 181.47M | 136.66M |
| Stockholders Equity | 95.29M | 95.30M | 72.89M | 100.14M | 97.61M | 75.53M |
Cash Flow | ||||||
| Free Cash Flow | 21.91M | 20.98M | 12.14M | 15.99M | 2.45M | 17.77M |
| Operating Cash Flow | 29.12M | 28.67M | 20.61M | 26.00M | 14.58M | 29.19M |
| Investing Cash Flow | -7.21M | -7.69M | -21.48M | -63.88M | -40.04M | -17.42M |
| Financing Cash Flow | -14.18M | -16.75M | 1.16M | 37.60M | 25.39M | -16.09M |
Live Ventures Technical Analysis
Neutral
13.64
Price Trends
17.95
Negative
16.03
Positive
16.56
Positive
Market Momentum
-0.04
Positive
40.92
Neutral
6.79
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LIVE, the sentiment is Neutral. The current price of 13.64 is below the 20-day moving average (MA) of 19.49, below the 50-day MA of 17.95, and below the 200-day MA of 16.56, indicating a neutral trend. The MACD of -0.04 indicates Positive momentum. The RSI at 40.92 is Neutral, neither overbought nor oversold. The STOCH value of 6.79 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for LIVE.
Live Ventures Risk Analysis
Live Ventures disclosed 47 risk factors in its most recent earnings report. Live Ventures reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Live Ventures Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $1.28B | 17.03 | 20.38% | ― | 7.36% | -6.85% | |
73 Outperform | $421.52M | 22.18 | 6.32% | 5.44% | -1.05% | -24.24% | |
63 Neutral | $57.35M | 2.73 | 2.01% | ― | -5.90% | ― | |
62 Neutral | $421.52M | 22.67 | 6.32% | 5.36% | -1.05% | -24.24% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
54 Neutral | $153.37M | -5.18 | -11.27% | 7.20% | -12.09% | -204.66% | |
42 Neutral | $158.29M | -95.03 | -1.37% | ― | -3.77% | -146.47% |
* Consumer Cyclical Sector Average
LIVE
Live Ventures
17.34
9.57
123.17%
HVT.A
Haverty Furn Cl A SC
29.05
9.14
45.88%
HVT
Haverty
26.18
6.28
31.56%
HOFT
Hooker Furniture
14.61
2.58
21.45%
TTSH
Tile Shop
3.49
-4.07
-53.84%
ARHS
Arhaus
9.18
-2.48
-21.27%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.