Live Ventures Reports Q2 Earnings with Decline in Revenue
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 14 2026
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Source: seekingalpha
- Earnings Overview: Live Ventures reported a Q2 GAAP EPS of -$0.80 with revenue of $102.9 million, reflecting a 3.8% year-over-year decline, indicating challenges in revenue growth that may impact investor confidence moving forward.
- Adjusted EBITDA: The adjusted EBITDA stood at $5.9 million, down from $6.4 million in the prior-year period, highlighting pressures on cost control and profitability that could necessitate future financial strategy adjustments.
- Assets and Equity: As of March 31, 2026, total assets were $392.5 million with stockholders' equity at $92.9 million, indicating stability on the balance sheet, although the relatively low equity may affect financing capabilities.
- Cash Flow Position: The company had approximately $39.8 million in cash and availability under credit facilities as of March 31, 2026, suggesting good liquidity, but ongoing losses may limit future investment and expansion opportunities.
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Analyst Views on LIVE
About LIVE
Live Ventures Incorporated is a diversified holding company with a strategic focus on value-oriented acquisitions of domestic middle-market companies. The Company's segments include Retail-Entertainment, Retail-Flooring, Flooring Manufacturing, Steel Manufacturing, and Corporate and Other. Retail-Entertainment segment includes Vintage Stock, Inc., which is engaged in the retail sale of new and used movies, music, collectibles, comics, books, games, game systems and components. Retail-Flooring segment includes Flooring Liquidators, Inc., which is engaged in the retail sale and installation of floors, carpets, and countertops. Flooring Manufacturing segment includes Marquis Industries, Inc., which is engaged in the manufacture and sale of carpet and the sale of vinyl and wood floor coverings. Steel Manufacturing Segment includes Precision Industries, Inc., The Kinetic Co., Inc., Precision Metal Works, Inc and CSF Holdings, LLC, is a manufacturer of specialized fabricated metal products.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Revenue Fluctuations: Live Ventures reported Q2 revenue of approximately $102.9 million, a 3.8% decline year-over-year, primarily due to a $7.2 million drop in Retail Flooring revenue, reflecting ongoing pressures in the new home construction and refurbishment markets that could impact future market share and profitability.
- Operating Income Growth: The Retail Entertainment segment saw a 32.8% increase in operating income to $21.2 million, while the Retail Flooring segment decreased by 26.2% to $20.2 million, highlighting significant performance disparities across business lines that may lead to resource reallocation in response to market changes.
- Non-Cash Loss Impact: The company reported a net loss of approximately $2.4 million, with a diluted loss per share of $0.80, primarily due to a $4 million goodwill impairment charge, although management emphasized this as a paper loss with no direct cash flow impact, reflecting the complexity of its financial health.
- Debt Management Strategy: Management indicated a reduction in debt by approximately $8 million, and while market opportunities are limited, they are actively paying down debt, demonstrating a commitment to maintaining financial stability in an uncertain market environment, potentially paving the way for future acquisition opportunities.
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- Earnings Overview: Live Ventures reported a Q2 GAAP EPS of -$0.80 with revenue of $102.9 million, reflecting a 3.8% year-over-year decline, indicating challenges in revenue growth that may impact investor confidence moving forward.
- Adjusted EBITDA: The adjusted EBITDA stood at $5.9 million, down from $6.4 million in the prior-year period, highlighting pressures on cost control and profitability that could necessitate future financial strategy adjustments.
- Assets and Equity: As of March 31, 2026, total assets were $392.5 million with stockholders' equity at $92.9 million, indicating stability on the balance sheet, although the relatively low equity may affect financing capabilities.
- Cash Flow Position: The company had approximately $39.8 million in cash and availability under credit facilities as of March 31, 2026, suggesting good liquidity, but ongoing losses may limit future investment and expansion opportunities.
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- Operating Income Surge: Live Ventures reported operating income of $3.5 million in Q1 2026, reflecting a substantial 352.9% increase year-over-year, indicating successful cost structure optimization and strengthening the foundation for future growth.
- Adjusted EBITDA Growth: Adjusted EBITDA reached $7.8 million, a 35.7% increase compared to the previous year, showcasing the effectiveness of the company's cost control and efficiency enhancement strategies across its business units.
- New Store Openings Amid Market Challenges: Despite ongoing softness in the retail flooring market, the company opened three new stores in the first quarter, which have not yet materially contributed to revenue but represent potential opportunities for future growth.
- AI Integration Strategy: Management announced a comprehensive strategy to integrate AI, robotics, and data analytics to modernize operations and improve efficiency, which will support long-term growth while reinforcing cost discipline.
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- Earnings Highlights: Live Ventures reported a Q1 GAAP EPS of -$0.02, indicating challenges in profitability, with revenue at $108.5 million reflecting a 2.7% year-over-year decline, signaling weakened market demand.
- Revenue Analysis: Despite the slight revenue drop, the company achieved an adjusted EBITDA of $33.4 million, showcasing ongoing efforts in cost control and margin management aimed at improving overall financial health.
- Cost Control Strategy: The financial report emphasized continued cost discipline and margin focus, indicating management's commitment to optimizing operational efficiency in response to changing market conditions.
- Market Outlook: While facing revenue decline pressures, Live Ventures is seeking to enhance its market competitiveness through effective financial management and strategic adjustments, which may impact investor confidence and stock performance moving forward.
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- Earnings Release Schedule: Live Ventures will issue its financial results for the first quarter ended December 31, 2025, before the market opens on February 12, 2026, providing investors with insights into its financial health and operational performance.
- Conference Call Timing: The company will hold a conference call on the same day at 2:00 p.m. Pacific Standard Time (5:00 p.m. Eastern Standard Time) to discuss the financial results in detail, enhancing transparency and fostering investor communication.
- Dial-in Information: Investors can participate via U.S. dial-in at 800.231.0316 or international dial-in at +1.314.696.0504, with a recommendation to connect at least 15 minutes early to ensure a smooth connection, reflecting the company's commitment to investor relations.
- Company Background: Founded in 1968, Live Ventures focuses on value-oriented acquisition strategies and aims to partner with management teams to enhance shareholder value through a disciplined buy-build-hold approach, with a diversified portfolio across various industries demonstrating strategic strength.
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- Increased Automation Capacity: Central Steel Fabricators has significantly enhanced its daily production capacity through expanded robotic welding technology, enabling rapid responses to large-scale AI infrastructure projects and solidifying its position in the fast-growing data center market.
- Growing Market Demand: With the surge in AI-driven data center construction, Central Steel Fabricators' precision-fabricated steel systems have become critical infrastructure, meeting the needs of major communications providers' Engineer, Furnish, and Install contractors, driving long-term revenue growth for the company.
- Strategic Investment Outlook: Live Ventures management notes that investments in automation and capacity expansion position Central Steel Fabricators to benefit from long-term secular growth trends, particularly against the backdrop of rapid advancements in AI and automation.
- Industry Leadership: CEO Thomas R. Sedlak emphasizes that companies focusing on the unmet needs of data center contractors will face limitless business opportunities, further solidifying Central Steel Fabricators' leadership position in the industry.
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