LiveOne (LVO) AI Stock Analysis

• Market Cap: $63.93M
• Dividend Yield: N/A
• Average Volume (3M): 71.50K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.13
• Revenue Growth: -32.17%
• EPS Growth: -135.06%
• Country: US
• Employees: 140
• Sector: Communication Services
• Sector Strength: 97
• Industry: Entertainment
• EPS (TTM): -0.37
• Shares Outstanding: 11,645,397
• 10 Day Avg. Volume: 76,667
• 30 Day Avg. Volume: 71,500
• PEG Ratio: -0.13
• Price to Book (P/B): -3.74
• Price to Sales (P/S): 0.58
• P/FCF Ratio: 20.47
• Enterprise Value/Market Cap: 1.07
• Enterprise Value/Revenue: 0.88
• Enterprise Value/Gross Profit: 4.74
• Enterprise Value/Ebitda: -4.06
• 1Y Price Target: $13.00
• Price Target Upside: 136.79% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): -1.55
• Revenue Forecast (FY): $78.23M

• Rating: 48 Neutral
• Price Target: $5.00 ▼(-8.93% Downside)
• Action: Reiterated Date: 02/14/26
• Date: Action: Reiterated 02/14/26

The score is held down primarily by weak financial performance (revenue decline, sustained losses, negative equity, and negative TTM free cash flow). The latest earnings call adds meaningful support due to cost-driven margin improvement, positive adjusted EBITDA, and constructive guidance/pipeline traction, while technicals are neutral-to-mixed and valuation is constrained by negative earnings and no indicated dividend yield.

Positive Factors

Structural cost reduction and margin improvement

A >52% YoY OpEx reduction and ~75% headcount cut materially lower the company's structural cost base. That reduction enabled positive adjusted EBITDA and creates permanent operating leverage: as revenue scales, incremental contribution to profit should rise, improving runway and funding optionality over the medium term.

Expanding B2B pipeline and large enterprise partnerships

A deepening B2B pipeline and multiple Fortune‑500 launches signal diversification from consumer subscription cycles to contractually anchored revenue. Large OEM/distribution partners provide durable reach and potential multi-year agreements, which can stabilize revenue and margin visibility as enterprise monetization scales.

Balance sheet repair and sizable tax assets

Debt paydown reduces interest burden while $125M+ of NOLs represent a meaningful tax shield once GAAP profitability arrives. Together these factors improve net cash burn dynamics and preserve cash that can be redeployed into growth or used to weather execution timelines over multiple quarters.

Negative Factors

Persistent GAAP losses and negative equity

Ongoing GAAP losses and negative stockholders' equity constrain financial flexibility and raise insolvency sensitivity during downturns. Even with improved adjusted EBITDA, cumulative losses limit borrowing capacity, complicate large investments or M&A, and increase reliance on external capital or dilutive financing over the medium term.

Inconsistent cash generation and negative TTM free cash flow

Volatile cash generation — with recent TTM FCF negative despite interim positive results — signals the business is not yet self‑funding. This increases dependence on capital markets or asset sales to fund growth, and reduces margin for execution missteps as timing of enterprise ramps remains uncertain.

Execution risk from deep restructuring and AI reliance

Rapid eliminations of institutional knowledge and a pivot to AI-driven delivery raise operational execution risk. Delivering consistent product quality, scaling service customization, and converting large B2B deals may require capabilities that were reduced, creating a material risk that revenue ramps and partner SLAs lag expectations.

LiveOne Business Overview & Revenue Model

Company Description

LiveOne, Inc., a digital media company, engages in the acquisition, distribution, and monetization of live music, Internet radio, podcasting/vodcasting, and music-related streaming and video content. It operates LiveXLive, a live music streaming platform; PodcastOne, a podcasting platform; and Slacker, an integrated membership and advertising streaming music service, as well as produces original music-related content. The company also produces, edits, curates, and streams live music events through broadband transmission over the Internet and satellite networks to its users; provides digital Internet radio and music services to users online and through automotive and mobile original equipment manufacturers on a white label basis; and offers ancillary products and services, such as regulatory and post-implementation support services. In addition, it develops, manufactures, and distributes personalized merchandise and gifts through wholesale and direct-to-consumer distribution channels. Further, the company offers LiveOne App, an application that provides access to live events, audio streams, original episodic content, podcasts, vodcasts, video on demand, real-time livestreams, and social sharing of content. The company was formerly known as LiveXLive Media, Inc. and changed its name to LiveOne, Inc. in October 2021. LiveOne, Inc. was incorporated in 2009 and is headquartered in Beverly Hills, California.

How the Company Makes Money

LiveOne generates revenue through multiple streams, with a significant portion derived from subscription fees paid by users for access to its premium content and features. The company also earns money through advertising partnerships, allowing brands to promote their products and services to its user base. Additionally, LiveOne benefits from revenue generated via ticket sales for live events and concerts, as well as through merchandise sales associated with these events. Strategic partnerships with artists and labels further enhance its earnings, as they often collaborate on exclusive content and promotional campaigns that attract more subscribers and enhance user engagement.

LiveOne Financial Statement Overview

Summary

Weak fundamentals: TTM revenue declined (~10.6%), profitability remains meaningfully negative (about -30.5% net margin), TTM operating cash flow and free cash flow turned negative again, and negative stockholders’ equity materially increases financial risk despite improved losses versus 2021–2022.

Income Statement

TTM (Trailing-Twelve-Months) revenue declined about 10.6% and profitability remains weak, with negative operating profit and a roughly -30.5% net margin. While losses are smaller than earlier years (notably 2021–2022), margins have deteriorated versus FY2024–FY2025 annual results, signaling pressure on the core earnings profile despite prior improvement off the lows.

Balance Sheet

The balance sheet is constrained by negative stockholders’ equity in the latest periods (including TTM), which increases financial risk and limits flexibility. Debt levels are not large in absolute terms versus assets, but the negative equity position makes leverage optics unfavorable and indicates the company is still working through accumulated losses.

Cash Flow

Cash generation is inconsistent: FY2025 showed positive operating cash flow and free cash flow, but TTM (Trailing-Twelve-Months) turned negative again on both measures. Free cash flow being negative while net losses persist suggests the business is not yet self-funding on a sustained basis, even though cash flow performance has improved versus the deeper outflows seen in some earlier years.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	77.51M	114.41M	118.44M	99.61M	117.02M	65.23M
Gross Profit	14.40M	27.22M	32.05M	32.83M	24.04M	16.24M
EBITDA	-16.80M	-12.52M	-3.72M	5.36M	-29.98M	-28.09M
Net Income	-23.65M	-18.71M	-11.97M	-10.02M	-43.91M	-41.82M
Balance Sheet
Total Assets	52.26M	40.52M	63.86M	65.89M	76.82M	85.77M
Cash, Cash Equivalents and Short-Term Investments	8.62M	4.12M	6.99M	8.41M	12.89M	18.64M
Total Debt	15.48M	3.82M	8.55M	12.32M	27.39M	25.20M
Total Liabilities	62.80M	48.93M	57.31M	62.07M	87.74M	77.63M
Stockholders Equity	-18.97M	-17.77M	-3.78M	3.81M	-10.92M	8.14M
Cash Flow
Free Cash Flow	-16.28M	3.25M	2.80M	-6.29M	-12.95M	-12.72M
Operating Cash Flow	-12.79M	6.37M	6.85M	-3.84M	-9.12M	-9.51M
Investing Cash Flow	-8.49M	-3.12M	-4.05M	-2.45M	-3.98M	-791.00K
Financing Cash Flow	19.05M	-6.24M	-4.31M	1.79M	7.49M	16.63M

LiveOne Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5.49
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LVO, the sentiment is Positive. The current price of 5.49 is above the 20-day moving average (MA) of 4.97, above the 50-day MA of 4.62, and below the 200-day MA of 5.73, indicating a neutral trend. The MACD of 0.24 indicates Negative momentum. The RSI at 62.12 is Neutral, neither overbought nor oversold. The STOCH value of 71.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for LVO.

LiveOne Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
TOON	54 Neutral	$30.73M	-1.04	-78.34%	―	22.84%	46.18%
LVO	48 Neutral	$63.93M	-2.56	―	―	-32.17%	-135.06%
RDI	44 Neutral	$42.34M	-1.68	―	―	7.11%	69.85%
AGAE	42 Neutral	$12.65M	-0.61	-35.18%	―	-14.24%	-104.12%
ANGH	41 Neutral	$27.19M	-0.27	―	―	88.72%	-85.54%

LiveOne Corporate Events

LiveOne Reports Q3 2026 Results, Highlights Profitability Gains

LiveOne reported its financial results for the third quarter and first nine months of fiscal 2026 ended December 31, 2025, highlighting nine-month revenue of $58.2 million and Q3 revenue of $20.3 million, with the Audio division contributing $52.2 million year-to-date and $18.6 million in Q3. The company improved Q3 operating loss to $2.0 million from $5.1 million a year earlier, generated $1.6 million in adjusted EBITDA driven by $2.6 million from the Audio division, cut quarterly operating expenses by 52% through AI-driven efficiencies, expanded its share repurchase activity, advanced major distribution and OEM relationships, and continued to evaluate M&A options, underscoring management’s focus on profitable growth despite revenue pressure from reduced Slacker sales.

LiveOne also disclosed that its Fortune 250 partner revenue reached an annual run rate of more than $27 million, Tesla ad-supported users surpassed 1.3 million, and AI-driven marketing lifted average revenue per user by 60% and premium conversions by over 22%. During fiscal 2026 the company acquired additional PodcastOne shares and maintained positive segment profitability in audio, reinforcing its strategic emphasis on scaling the core audio business while tightening costs and signaling confidence in long-term shareholder value creation.

The most recent analyst rating on (LVO) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on LiveOne stock, see the LVO Stock Forecast page.

LiveOne Announces Strong Preliminary Q3 Results and Cost Cuts

On February 5, 2026, LiveOne reported preliminary, unaudited expectations for its third fiscal quarter and nine months ended December 31, 2025, projecting more than $57.9 million in fiscal 2026 year-to-date revenue, at least $19.9 million in Q3 fiscal 2026 revenue and over $1.0 million in Q3 adjusted EBITDA, representing roughly 200% quarter-over-quarter growth. Management highlighted that B2B partnerships with major platforms such as Amazon, YouTube, Spotify, Apple, Paramount, DAX, TextNow, Telly and AI partners Listener.com and Intuizi are driving growth, with over 100 potential deals in the pipeline, while aggressive cost-cutting measures—including a 52% year-over-year operating expense reduction, a targeted 34% headcount reduction by year-end through AI-driven optimization, and repayment of $2.5 million of debt—underscore a strategic shift toward leaner operations and improved scalability that could strengthen LiveOne’s financial profile and competitive position if the preliminary figures are confirmed.

The most recent analyst rating on (LVO) stock is a Sell with a $4.00 price target. To see the full list of analyst forecasts on LiveOne stock, see the LVO Stock Forecast page.

LiveOne Announces Corporate Presentation at Conferences

LiveOne, Inc. announced its intention to present and distribute its Corporate Presentation to the investment community at various industry conferences. The company reported a consolidated revenue of $114.4 million for the fiscal year ending March 31, 2025, and highlighted its strategic initiatives, including a stock repurchase program and digital asset treasury strategy. The announcement underscores LiveOne’s efforts to enhance shareholder value and maintain its competitive edge in the evolving digital entertainment industry.

The most recent analyst rating on (LVO) stock is a Buy with a $13.00 price target. To see the full list of analyst forecasts on LiveOne stock, see the LVO Stock Forecast page.