Live Ventures (LIVE) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 was $112.5 million, down 9.2% year-over-year, but all four operating segments achieved higher operating income and margins despite ongoing softness in new home construction and refurbishment markets.

• Net income improved to $5.4 million (EPS $1.24), reversing a net loss of $2.9 million in the prior year period, aided by $2.8 million in one-time gains.

• Gross profit margin expanded to 34.0% from 29.9% year-over-year, driven by higher margins in Steel and Flooring Manufacturing segments.

• Adjusted EBITDA for the quarter was $13.2 million, up 115.4% year-over-year, reflecting cost reduction initiatives.

• Operating cash flow for the nine months increased 58% to $21.9 million, supporting financial flexibility.

Financial highlights

• Q3 2025 revenue: $112.5 million (down 9.2% year-over-year); nine-month revenue: $331.1 million (down 8.1%).

• Q3 2025 gross profit: $38.3 million; gross margin: 34.0% (up 410 bps year-over-year).

• Q3 2025 operating income: $8.0 million (up from $1.1 million); net income: $5.4 million (up from -$2.9 million); diluted EPS: $1.24 (up from -$0.91).

• Adjusted EBITDA for Q3 2025: $13.2 million (up from $6.1 million); nine-month Adjusted EBITDA: $25.4 million (up 31.7%).

• General and administrative expenses fell 12.6% to $26.3 million; sales and marketing expenses dropped 31.5% to $4.0 million.

Outlook and guidance

• Management expects continued margin improvement and cost savings, particularly in Retail-Flooring, with ongoing initiatives such as lease negotiations.

• Cautious optimism for market recovery, with interest rates and consumer disposable income as key variables.

• No formal revenue or earnings guidance provided.

• Management highlights strong operational execution and margin expansion despite ongoing softness in new home construction and home refurbishment markets.

• Focus remains on cost management, operational optimization, and strategic growth opportunities.