LiveWire Group reported higher third-quarter sales and narrower losses, while reducing its cash use over the first nine months of 2026. Revenue growth was driven by increased unit sales in both its electric-motorcycle and STACYC businesses.
The company also began deliveries of its new S4 Honcho models in the U.S. and outlined expected delivery timing in Europe.
Key details
- Third-quarter revenue rose 38% to $7.9 million from $5.7 million a year earlier. Consolidated unit sales increased 21%, to 7,233 from 5,989.
- Losses narrowed but remained substantial: operating loss was $17.5 million, compared with $18.8 million a year earlier. Net loss was $18.6 million, versus $19.4 million.
- Adjusted EBITDA was negative $14.7 million, improving from negative $16.5 million in the prior-year quarter.
- The year-over-year reduction in net loss reflected segment results and a $0.9 million increase in income tax benefit. These were partly offset by a $1.5 million increase in related-party interest expense.
- STACYC electric balance-bike and electric-bike unit sales increased 20% to 6,992. Revenue for those products rose 9% to $5.2 million from $4.7 million.
- Cash use improved year to date: cash used in operating activities was $38.3 million through September 30, down 16% from $45.6 million in the same period of 2025. Free cash flow was negative $40.5 million, compared with negative $48.2 million, also a 16% improvement.
- LiveWire reported an 80% year-to-date share of the U.S. electric motorcycle market for on-road electric vehicles rated at 50 kilowatts or more.
- The company delivered the first S4 Honcho Trail units in the U.S. in August, and the first S4 Honcho Street units to dealers in October. It expected Trail deliveries in Europe to begin in October, followed by Street deliveries in November.
What the results show
LiveWire’s revenue and unit sales grew, and its quarterly operating and net losses narrowed. The company also used less cash in the first nine months than a year earlier, though operating activities and free cash flow remained negative.