LVWR

EX-99.1

2 lvwrexhibit9916-30x2026.htm

EX-99.1

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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

EX-99.1

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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

EX-99.1

2 lvwrexhibit99112-31x2025.htm

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Document

FOR IMMEDIATE RELEASE

LIVEWIRE GROUP, INC. REPORTS 2025 FOURTH QUARTER AND FULL YEAR FINANCIAL RESULTS

MILWAUKEE (February 10, 2026) – LiveWire Group, Inc. (“LiveWire” or the “Company”) (NYSE: LVWR) today reported fourth quarter and full year 2025 results.

“We saw continued momentum in the fourth quarter ending 2025 in the number one position in U.S. electric motorcycle on-road retail sales1 and delivered another company record-setting quarter. Consolidated revenue units increased year over year with over 22,000 units sold, a 16 percent increase over 2024, coupled with a prime focus on improving gross profit in the fourth quarter of 2025 along with a 44 percent improvement in free cash flow in 2025. We will look to continue this positive momentum into 2026 as we focus on enhancing profitability and launching the S4 Honcho™ products,” said Karim Donnez, CEO, LiveWire.

2025 Highlights and Financial Results

•Reduced net cash used by operating activities by 43% driving a 44% improvement in free cash flow as compared to 2024.

•Increased market share to 70% of retail sales in the U.S. electric motorcycle 50+horsepower on-road EV segment1. Continued expansion into five new markets in Europe, including Poland, Portugal, Finland, Belgium and Luxembourg.

•Continued development of the S4 Honcho™ with production targeted to start in Spring 2026.

•Consolidated operating loss decreased by $34.9 million, or 32%, from 2024 primarily driven by a decrease in consolidated selling, administrative and engineering expense.

•Launched an At-The-Market offering to raise up to $50 million in additional capital through share issuance pursuant to a $100 million shelf registration statement.

Fourth Quarter 2025 Summary of Results

•Electric Motorcycle unit sales increased 61% over fourth quarter 2024, with revenue increasing 10%.

•STACYC unit sales increased 8% over fourth quarter 2024 with revenue increasing 4%.

•Gross profit improvement in the fourth quarter of 2025 driving a decrease in consolidated operating loss of $7.5 million, or 30%, from fourth quarter of 2024.

Total Company Highlights

$ in millions*4th quarterFull Year

20252024Change20252024Change

Consolidated Revenue Units9,3678,5869%22,28619,16116%

Consolidated Revenue$11.4$10.86%$25.7$26.6(4%)

Consolidated Operating Loss($17.7)($25.2)30%($75.5)($110.4)32%

Net Loss($17.6)($22.8)23%($75.1)($93.9)20%

Free Cash Flow**N/AN/AN/A($57.3)($101.9)44%

*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 $17.6 million for the fourth quarter 2025 as compared to $22.8 million in the same period prior year driven by the segment results noted below, offset by a decrease of $1.3 million of non-operating income related to the change in fair value of the outstanding warrants as of December 31, 2025 and a decrease of $0.7 million in interest income as compared to prior year.

The Company’s consolidated net loss was $75.1 million for the year ended 2025 as compared to $93.9 million in prior year driven by the segment results noted below, offset by a decrease of $11.1 million of non-operating income related to the change in fair value of the outstanding warrants as of December 31, 2025 and a decrease of $4.5 million in interest income as compared to prior year.

1Source: U.S. EV Street Legal Market Share for December 2025 from Motorcycle Industry Council (MIC).

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*4th quarterFull Year

20252024Change20252024Change

Electric Balance Bike and Electric Bike Units8,9868,3508%21,63318,54917%

Revenue$7.5$7.34%$19.6$18.37%

Operating Income (Loss)$0.3($0.6)159%($1.7)($4.9)66%

*Amounts may not add or recalculate due to rounding.

STACYC revenue increased in the fourth quarter of 2025 compared to 2024 by $0.2 million primarily driven by higher volumes. Operating income in the fourth quarter of 2025 resulted from higher margins on product mix and reduced selling, administrative, and engineering expense compared to the fourth quarter of 2024.

STACYC revenue increased in the full year 2025 compared to 2024 by $1.3 million primarily driven by higher volumes. Operating loss decreased by $3.2 million resulting from higher gross margin primarily due to lower fulfillment costs and reduced selling, administrative, and engineering expense compared to 2024 primarily due to lower marketing spend.

Electric Motorcycles

$ in millions*4th quarterFull Year

20252024Change20252024Change

Motorcycle Units38123661%6536127%

Revenue$3.8$3.510%$6.1$8.4(28%)

Operating Loss($18.1)($24.7)27%($73.8)($105.5)30%

*Amounts may