LiveWire Group, Inc.
For the period ended Dec 31, 2025. Filed Feb 20, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 20, 2026
LVWR$0.47-3.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Years Ended | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash flows from operating activities: | |||
| Net loss | $(75,114) | $(93,925) | $(109,550) |
| Adjustments to reconcile net loss to net cash used in operating activities | |||
| Depreciation and amortization | 10,141 | 10,041 | 5,832 |
| Change in fair value of warrant liabilities | 352 | (10,770) | 4,020 |
| Stock compensation expense | 4,939 | 4,626 | 8,926 |
| Provision for expected credit losses | 124 | 230 | 53 |
| Deferred income taxes | 32 | 22 | 74 |
| Inventory write-down | 3,046 | 5,750 | 2,719 |
| Cloud computing arrangements development costs | — | (45) | (1,312) |
| Interest expense, related party | 255 | — | — |
| Other, net | (75) | (244) | (117) |
| Changes in current assets and liabilities: | |||
| Accounts receivable, net | 535 | 192 | (2,023) |
| Accounts receivable from related party | (186) | 3,003 | (2,877) |
| Inventories | 8,798 | (569) | (5,626) |
| Other current assets | 629 | 540 | 1,621 |
| Accounts payable and accrued liabilities | (3,978) | (2,101) | 160 |
| Accounts payable to related party | (3,046) | (10,609) | 14,638 |
| Net cash used by operating activities | (53,548) | (93,859) | (83,462) |
| Cash flows from investing activities: | |||
| Capital expenditures | (3,811) | (8,068) | (13,462) |
| Net cash used by investing activities | (3,811) | (8,068) | (13,462) |
| Cash flows from financing activities: | |||
| Borrowings under term loan - related party (Note 15) | 75,000 | — | — |
| Gross proceeds from the sale of common stock pursuant to the at-the-market public offering (Note 1) | 2,213 | — | — |
| Payment of offering costs from the at-the-market public offering (Note 1) | (454) | — | — |
| Repurchase of common stock | (1,024) | (1,444) | (1,969) |
| Proceeds received from exercise of warrants (Note 6) | — | — | 1,557 |
| Net cash provided (used) by financing activities | 75,735 | (1,444) | (412) |
| Effect of exchange rate changes on cash and cash equivalents | $(36) | $(96) | $— |
| Net increase (decrease) in cash and cash equivalents | $18,340 | $(103,467) | $(97,336) |
| Cash and cash equivalents: | |||
| Cash and cash equivalents—beginning of period | $64,437 | $167,904 | $265,240 |
| Net increase (decrease) in cash and cash equivalents | 18,340 | (103,467) | (97,336) |
| Cash and cash equivalents—end of period | $82,777 | $64,437 | $167,904 |
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