Live Ventures Reports Decline in Q3 and Nine-Month Financial Performance for Fiscal Year 2026

Live Ventures Incorporated reported a decline in financial performance for the third quarter and first nine months of fiscal year 2026, as detailed in its latest 10-Q filing. For the three months ended June 30, 2026, the company generated revenue of $108.9 million, a decrease of approximately 3.2% from $112.5 million in the same period last year. The decline was primarily attributed to a significant drop in the Retail-Flooring segment, which saw a revenue decrease of about $9 million. In contrast, the Retail-Entertainment, Steel Manufacturing, and Flooring Manufacturing segments experienced revenue increases of $2.4 million, $1.8 million, and $1.1 million, respectively.

The company's gross profit for the quarter also fell to $37.1 million, down 3.1% from $38.3 million year-over-year. Despite the decrease in gross profit, the gross margin improved slightly to 34.1%, compared to 34.0% in the prior year, reflecting better margins in the Retail-Flooring and Steel Manufacturing segments. Operating income for the quarter was reported at $5.3 million, a decline from $8.0 million in the previous year, while the net loss amounted to $1.1 million, contrasting with a net income of $5.4 million in the same quarter of 2025.

For the nine months ended June 30, 2026, Live Ventures reported total revenue of $320.4 million, down from $331.1 million in the prior year, marking a 3.2% decrease. The Retail-Flooring segment was the most affected, with a revenue drop of approximately $22.6 million. However, the Retail-Entertainment segment saw a revenue increase of $7.5 million, and both the Flooring Manufacturing and Steel Manufacturing segments reported modest gains. The gross profit for the nine-month period was $107.0 million, a slight decrease from $108.8 million, but the gross margin improved to 33.4% from 32.9%.

Operationally, the company has made strategic adjustments, including cost-reduction initiatives in the Retail-Flooring segment, which helped mitigate some of the financial impacts. However, the company recorded a $4.0 million goodwill impairment charge related to its Precision Metal Works (PMW) subsidiary, reflecting ongoing challenges in that segment. As of June 30, 2026, Live Ventures had cash on hand of approximately $10.9 million and available borrowing of about $28.9 million under its revolving credit facilities, indicating a stable liquidity position despite the operational challenges.

Looking ahead, Live Ventures remains focused on pursuing acquisitions and strategic transactions to enhance its business portfolio. The company believes that its current cash position, along with cash generated from operations and available credit, will provide sufficient liquidity to support its operational needs and strategic initiatives over the next 12 months. However, the company also faces uncertainties related to its PMW subsidiary's ability to meet financial obligations, which could impact its overall financial health.