LVWR (LVWR) financial statements
LVWR reported revenue of $26M in fiscal 2025, down 3.6% a year over 5 years.
Net income was -$75M and the operating margin -294.0%, against -249.7% in 2020.
Free cash flow was -$57M, and the company returned $1M in net buybacks.
The diluted share count rose 27% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from LVWR's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $31M | $36M | $47M | $38M | $27M | $26M |
| Cost of revenue | $56M | $38M | $44M | $44M | $39M | $30M |
| Gross profit | -$25M | -$3M | $3M | -$6M | -$13M | -$4M |
| Research and development | $23M | $35M | $36M | $54M | $42M | $24M |
| Selling, general and admin | $52M | $66M | $88M | $110M | $98M | $71M |
| Operating income | -$77M | -$68M | -$85M | -$116M | -$110M | -$75M |
| Interest expense | — | — | — | $0 | $0 | $255,000 |
| Pre-tax income | -$77M | -$68M | -$79M | -$109M | -$94M | -$75M |
| Income tax | $357,000 | $138,000 | -$33,000 | $78,000 | $43,000 | $189,000 |
| Net income | -$78M | -$68M | -$79M | -$110M | -$94M | -$75M |
| EPS (diluted) | -$0.48 | -$0.42 | -$0.46 | -$0.54 | -$0.46 | -$0.37 |
| Diluted shares | 161M | 161M | 172M | 203M | 203M | 204M |
| Gross margin | -80.9% | -7.2% | 6.2% | -15.2% | -48.0% | -17.3% |
| Operating margin | -249.7% | -190.4% | -181.4% | -305.0% | -414.4% | -294.0% |
| Net margin | -251.3% | -190.7% | -168.6% | -288.1% | -352.7% | -292.6% |
Balance sheet
Fiscal years, from LVWR's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Cash and short-term investments | $2M | $3M | $265M | $168M | $64M | $83M |
| Receivables | — | $7M | $2M | — | — | — |
| Inventory | — | $17M | $29M | $32M | $27M | $15M |
| Total current assets | — | $30M | $302M | $211M | $98M | $105M |
| Property, plant and equipment | — | $18M | $32M | $38M | $34M | $28M |
| Goodwill | $8M | $8M | $8M | $8M | $8M | $8M |
| Total assets | $52M | $62M | $352M | $266M | $148M | $146M |
| Total current liabilities | — | $28M | $34M | $46M | $30M | $23M |
| Long-term debt | — | — | — | — | $0 | $74M |
| Total liabilities | — | $42M | $45M | $60M | $33M | $100M |
| Shareholders' equity | $2M | $20M | $307M | $206M | $115M | $46M |
| Net debt | -$2M | -$3M | -$265M | -$168M | -$64M | -$8M |
Cash flow
Fiscal years, from LVWR's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$54M | -$75M | -$90M | -$83M | -$94M | -$54M |
| Capital spending | $3M | $10M | $14M | $13M | $8M | $4M |
| Free cash flow | -$57M | -$84M | -$104M | -$97M | -$102M | -$57M |
| Stock-based compensation | $188,000 | $786,000 | $394,000 | $9M | $5M | $5M |
| Share buybacks (net) | — | $0 | $0 | -$2M | -$1M | -$1M |
| Free cash flow margin | -184.5% | -236.0% | -221.6% | -254.9% | -382.7% | -223.4% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for LVWR.
Open LVWR in InvestinglyQuestions
What was LVWR's revenue in 2025?
$26M in fiscal 2025, from its 10-K filing.
How much free cash flow does LVWR generate?
-$57M in fiscal 2025 (operating cash flow minus capital spending).
From LVWR's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.