LVWR

EX-99.1

2 lvwrexhibit9919-30x2026.htm

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FOR IMMEDIATE RELEASE

LiveWire Group, Inc. Reports 2026 Third Quarter Financial Results

MILWAUKEE (October 29, 2026) – LiveWire Group, Inc. (“LiveWire” or the “Company”) (NYSE: LVWR) today reported third quarter 2026 results.

Third Quarter and Year-to-Date through September 30, 2026 Highlights and Financial Results

•Consolidated revenue increased 38% in the third quarter of 2026 compared to the same period prior year driven by increased unit sales in both the Electric Motorcycle and STACYC segments.

•Reduced net cash used by operating activities year-to-date through September 30, 2026 by 16%, driving a 16% improvement in year-to-date free cash flow as compared to the same period 2025.

•Year-to-date through September 30, 2026 market share of 80% in the U.S. electric motorcycle 50+ kilowatt on-road EV segment1.

•Delivered the first units of the S4 Honcho™ Trail to the U.S. market in August with the first units of S4 Honcho™ Street delivered to dealers in October. The first units of the S4 Honcho™ Trail are expected to be delivered to Europe in October with S4 Honcho™ Street expected to follow in November.

Total Company Highlights

$ in millions*3rd quarter

20262025Change

Consolidated Revenue Units7,2335,98921%

Consolidated Revenue$7.9$5.738%

Consolidated Operating Loss($17.5)($18.8)7%

Net Loss($18.6)($19.4)4%

Adjusted EBITDA**($14.7)($16.5)11%

$ in millions*Year-to-date through September 30, 2026

20262025Change

Net cash used by operating activities($38.3)($45.6)16%

Free Cash Flow**($40.5)($48.2)16%

*Amounts may not add or recalculate due to rounding.

**Definition of Adjusted EBITDA and Free Cash Flow and reconciliations to the comparable GAAP metrics are at the end of this release.

The Company’s consolidated net loss was $18.6 million for the third quarter 2026 as compared to $19.4 million in the same period prior year driven by the segment results noted below and an increase of $0.9 million of income tax benefit, offset by an increase of $1.5 million in related party interest expense as compared to the same period prior year.

Adjusted EBITDA was negative $14.7 million for the third quarter 2026 as compared to negative $16.5 million in the same period prior year driven by the segment results noted below.

LiveWire Group, Inc. is comprised of two business segments:

•STACYC – focused on the sale of electric balance bikes for kids, electric bikes, and related products

•Electric Motorcycles – focused on the sale of electric motorcycles and related products

1Source: U.S. EV Street Legal Market Share for September from Motorcycle Industry Council (MIC).

STACYC

$ in millions*3rd quarter

20262025Change

Electric Balance Bike and Electric Bike Units6,9925,80520%

Revenue$5.2$4.79%

Operating Loss($0.6)($0.4)(34%)

*Amounts may not add or recalculate due to rounding.

STACYC unit sales increased by 20% compared to the prior year same quarter, resulting in an increase to revenue of $0.5 million. Operating loss increased by $0.2 million in the third quarter of 2026 compared to 2025 primarily due to higher freight costs.

Electric Motorcycles

$ in millions*3rd quarter

20262025Change

Motorcycle Units24118431%

Revenue$2.7$1.0178%

Operating Loss($17.0)($18.4)8%

*Amounts may not add or recalculate due to rounding.

Electric Motorcycle unit sales increased by 31% compared to the prior year same quarter, resulting in an increase to revenue of $1.7 million. Revenue in the third quarter of 2025 was impacted by increased incentives implemented to drive demand in the market which resulted in a reduction in revenue. Operating loss improved by $1.4 million compared to the prior year, due to an improvement in gross margin of $2.6 million, offset by an increase in selling, administrative and engineering expense of $1.2 million as compared to the same quarter in the prior year due to a reduction in stock compensation expense in the third quarter of 2025 related to forfeitures of awards from employees who terminated.

Liquidity and Going Concern

Management has determined that conditions and events raise substantial doubt about the Company's ability to continue as a going concern within one year after the date the Company's September 30, 2026 consolidated financial statements are issued. The Company's recurring operating losses, negative cash flows from operations, limited liquidity resources, and anticipated future funding requirements contributed to this determination. The Company continues to evaluate and pursue comprehensive financing and other strategic alternatives, which may include significant capital raises, strategic partnerships or investments, sales, and other strategic transactions, intended to support the Company's operations and execution of its business plan; however, there can be no assurance that such efforts will be successful or that any such transaction will be available on terms acceptable to the Company, our lienholders or st

EX-99.1

2 lvwrexhibit9916-30x2026.htm

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FOR IMMEDIATE RELEASE

LiveWire Group, Inc. Reports 2026 Second Quarter Financial Results

MILWAUKEE (July 23, 2026) – LiveWire Group, Inc. (“LiveWire” or the “Company”) (NYSE: LVWR) today reported second quarter 2026 results.

“The second quarter marked an important step forward in the execution of our strategic growth plan. We successfully commenced production of our all-new S4 Honcho platform, expanding LiveWire’s portfolio into a highly accessible segment of the electric motorcycle market which we believe lays the foundation for future growth. At the same time, we closed the acquisition of Dust Motorcycles, which we expect will accelerate our expansion into the rapidly growing electric off-road category and strengthen our long-term product roadmap. Operationally, we delivered meaningful improvements in our financial performance, increasing consolidated revenue by 55% in the second quarter of 2026 compared to same period prior year and improving year-to-date free cash flow by 19% over 2025 through continued focus on commercial execution and disciplined cost management,” said Karim Donnez, CEO, LiveWire.

Second Quarter and Year-to-Date through June 30, 2026 Highlights and Financial Results

•Consolidated revenue increased 55% in the second quarter of 2026 compared to same period prior year driven by increased unit sales in both the Electric Motorcycle and STACYC segments.

•Reduced net cash used by operating activities year-to-date through June 30, 2026 by 18%, driving a 19% improvement in year-to-date free cash flow as compared to the same period 2025.

•Year-to-date through June 30, 2026 market share of 76% in the U.S. electric motorcycle 50+ kilowatt on-road EV segment1.

•Commenced production of the S4 Honcho™ with the first units expected to arrive at authorized LiveWire retail locations later this summer.

•Completed the acquisition of Dust Motorcycles, Inc. (“Dust”) in May 2026 and continued to advance the platform toward production.

Total Company Highlights

$ in millions*2nd quarter

20262025Change

Consolidated Revenue Units5,4904,92711%

Consolidated Revenue$9.1$5.955%

Consolidated Operating Loss($18.0)($18.3)1%

Net Loss($18.2)($18.8)3%

Adjusted EBITDA**($15.1)($15.7)4%

$ in millions*Year-to-date through June 30, 2026

20262025Change

Net cash used by operating activities($26.4)($32.4)18%

Free Cash Flow**($27.7)($34.4)19%

*Amounts may not add or recalculate due to rounding.

**Definition of Adjusted EBITDA and Free Cash Flow and reconciliations to the comparable GAAP metrics are at the end of this release.

1Source: U.S. EV Street Legal Market Share for June from Motorcycle Industry Council (MIC).

The Company’s consolidated net loss was $18.2 million for the second quarter 2026 as compared to $18.8 million in the same period prior year driven by the segment results noted below and an increase of $1.8 million of non-operating income related to the change in fair value of the outstanding warrants as of June 30, 2026, primarily offset by an increase of $1.5 million in related party interest expense as compared to prior year.

Adjusted EBITDA was $15.1 million for the second quarter 2026 as compared to $15.7 million in the same period prior year driven by the segment results noted below and excluding expenses related to the Company’s At-The-Market program and acquisition costs related to Dust in the current year.

LiveWire Group, Inc. is comprised of two business segments:

•STACYC – focused on the sale of electric balance bikes for kids, electric bikes, and related products

•Electric Motorcycles – focused on the sale of electric motorcycles and related products

STACYC

$ in millions*2nd quarter

20262025Change

Electric Balance Bike and Electric Bike Units5,2234,8727%

Revenue$5.5$5.09%

Operating Income (Loss)$—($0.3)110%

*Amounts may not add or recalculate due to rounding.

STACYC unit sales increased by 7% compared to the prior year same quarter, resulting in an increase to revenue of $0.5 million. Operating loss improved by $0.3 million in the second quarter of 2026 compared to 2025 primarily due to increased gross profit resulting from recoveries on previously paid tariffs of $0.5 million.

Electric Motorcycles

$ in millions*2nd quarter

20262025Change

Motorcycle Units26755386%

Revenue$3.6$0.8333%

Operating Loss($18.0)($18.0)—%

*Amounts may not add or recalculate due to rounding.

Electric Motorcycle unit sales increased by 386% compared to the prior year same quarter, resulting in an increase to revenue of $2.8 million. Operating loss was flat compared to the prior year, reflecting a decrease in selling, administrative and engineering expense of $1.0 million, offset by an increase in cost of goods sold primarily from net realizable value adjustments on the purchase of S2 inventory during the quarter as compared to the same quarter in the prior year.

Financial guidance

For the full year 2026, the Company reiterates it

EX-99.1

2 lvwrexhibit9913-31x2026.htm

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Document

FOR IMMEDIATE RELEASE

LiveWire Group, Inc. Reports 2026 First Quarter Financial Results

MILWAUKEE (May 5, 2026) – LiveWire Group, Inc. (“LiveWire” or the “Company”) (NYSE: LVWR) today reported first quarter 2026 results.

“We ended the first quarter of 2026 with an 86% increase in revenue over prior year, driving improved gross profit and operating loss, and a 25% improvement in free cash flow, compared to first quarter 2025. We also maintained our position as the number one retailer of U.S. electric on-road motorcycles1. With the upcoming launch of the S4 Honcho™, we are excited about the continued positive strides to be made in the business in the remainder of 2026,” said Karim Donnez, CEO, LiveWire.

First Quarter Highlights and Financial Results

•Electric Motorcycle unit sales increased 176% over first quarter 2025 with revenue increasing 236%.

•STACYC unit sales increased 101% over first quarter 2025 with revenue increasing 60%.

•Consolidated operating loss decreased by $3.0 million from same quarter 2025 driven by an improvement in gross profit of $1.6 million and decrease in consolidated selling, administrative and engineering expense of $1.4 million.

•Reduced net cash used by operating activities by 26% driving a 25% improvement in free cash flow as compared to 2025.

•Market share of 76% in the U.S. electric motorcycle 50+kilowatt on-road EV segment1.

•Targeted production of the S4 Honcho™ continues to be in Spring 2026.

Total Company Highlights

$ in millions*1st quarter

20262025Change

Consolidated Revenue Units4,0502,003102%

Consolidated Revenue$5.1$2.786%

Consolidated Operating Loss($17.7)($20.7)14%

Net Loss($18.1)($19.3)6%

Free Cash Flow**($13.6)($18.1)25%

*Amounts may not add or recalculate due to rounding.

**Definition of Free Cash Flow and reconciliation to the comparable GAAP metrics is at the end of this release.

The Company’s consolidated net loss was $18.1 million for the first quarter 2026 as compared to $19.3 million in the same period prior year driven by the segment results noted below, offset by an increase of $1.4 million in related party interest expense, and a decrease of $0.5 million of non-operating income related to the change in fair value of the outstanding warrants as of March 31, 2026 as compared to prior year.

LiveWire Group, Inc. is comprised of two business segments:

•STACYC – focused on the sale of electric balance bikes for kids, electric bikes, and related products

•Electric Motorcycles – focused on the sale of electric motorcycles and related products

1Source: U.S. EV Street Legal Market Share for March from Motorcycle Industry Council (MIC).

STACYC

$ in millions*1st quarter

20262025Change

Electric Balance Bike and Electric Bike Units3,9591,970101%

Revenue$3.7$2.360%

Operating Loss($1.0)($1.3)26%

*Amounts may not add or recalculate due to rounding.

STACYC unit sales increased by 101% compared to the prior year same quarter resulting in an increase to revenue of $1.4 million. Operating loss decreased by $0.3 million in the first quarter of 2026 compared to 2025 primarily due to increased gross profit on increased sales.

Electric Motorcycles

$ in millions*1st quarter

20262025Change

Motorcycle Units9133176%

Revenue$1.4$0.4236%

Operating Loss($16.7)($19.4)14%

*Amounts may not add or recalculate due to rounding.

Electric Motorcycle unit sales increased by 176% compared to the prior year same quarter resulting in an increase to revenue of $1.0 million. Operating loss decreased by $2.7 million primarily driven by a $1.6 million reduction in selling, administrative and engineering expense from continued focus on cost reduction, primarily people costs, compared to the same quarter in the prior year.

Financial guidance

For the full year 2026, the Company reiterates its full-year guidance.

Webcast

The public is invited to attend Harley-Davidson, Inc.’s audio webcast from 8-9:30 a.m. CT where discussion of LiveWire will be limited to financial results and updates to LiveWire’s outlook. The webcast login can be accessed at https://investor.livewire.com/news-events-1/events/default.aspx. The audio replay will be available by approximately 10:00 a.m. CT.

About LiveWire

LiveWire has a dedicated focus on the electric motorcycle sector. LiveWire’s majority shareholder is Harley-Davidson, Inc. LiveWire comes from the lineage of Harley-Davidson and is capitalizing on a decade of its learnings in the EV sector. With a dedicated focus on EV, LiveWire plans to develop the technology of the future and to invest in the capabilities needed to lead the transformation of motorcycling. www.livewire.com

Cautionary Note Regarding Forward-Looking Statements

The Company intends that certain matters discussed in this press release are “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements