Live Ventures Reports Q4 2025 Revenue Decline to $108.5 Million, Net Loss of $64,000

Live Ventures Incorporated reported its financial results for the three months ended December 31, 2025, revealing a revenue of $108.5 million, a decrease of approximately 2.7% from $111.5 million in the same period last year. The decline was primarily attributed to a $7.1 million drop in revenue from the Retail-Flooring and Steel Manufacturing segments, which was partially offset by a $4.1 million increase in the Retail-Entertainment and Flooring Manufacturing segments. The company's gross profit remained relatively stable at $35.4 million, with a slight improvement in gross margin to 32.6%, up from 31.7% in the prior year, driven by better efficiencies and product mix in certain segments.

In terms of operational performance, Live Ventures reported a net loss of $64,000 for the quarter, compared to a net income of $492,000 in the same quarter of 2024. The loss per share was $(0.02), a decline from earnings of $0.16 per share in the previous year. The company experienced a reduction in general and administrative expenses, which fell by 7.4% to approximately $27.8 million, reflecting cost-reduction initiatives, particularly in the Retail-Flooring segment. Sales and marketing expenses also decreased by 10.4% to $4.1 million, primarily due to reduced activities in the Flooring Manufacturing segment.

Live Ventures continues to focus on strategic growth through acquisitions and operational efficiencies. The company has maintained a strong cash position, ending the quarter with approximately $15.1 million in cash and $23.6 million available under its revolving credit facilities. The company’s working capital increased to approximately $69.1 million, up from $62.1 million at the end of the previous fiscal year, driven by a decrease in current liabilities. This positions Live Ventures favorably for future investments and operational needs.

The company operates through five segments: Retail-Entertainment, Retail-Flooring, Flooring Manufacturing, Steel Manufacturing, and Corporate and Other. The Retail-Entertainment segment saw revenue growth of 11% to $23.6 million, while the Retail-Flooring segment experienced a significant revenue decline of 20.2% to $25.3 million, attributed to store closures and a soft housing market. The Flooring Manufacturing segment reported a slight revenue decrease of 1.1% to $28.9 million, but improved gross margins due to a favorable product mix.

Looking ahead, Live Ventures remains optimistic about its operational strategies and market conditions. The company plans to leverage its cash reserves and credit facilities to pursue further acquisitions and enhance its market position. Management believes that the combination of available cash, operational cash flow, and potential financing will provide sufficient liquidity to support its operations and strategic initiatives over the next 12 months.