LiveWire Group (LVWR) investor relations material

Executive summary

• Q2 2026 consolidated revenue grew 55% year-over-year to $9.1M, driven by strong unit sales in both Electric Motorcycles and STACYC segments.

• Net loss for Q2 2026 was $18.2M, a slight improvement from $18.8M in Q2 2025; six-month net loss was $36.3M, down from $38.1M year-over-year.

• Acquired Dust Motorcycles in May 2026, expanding into the electric off-road market; no revenue yet from Dust, but $274K net loss recorded for Dust operations in Q2.

• Commenced production of the S4 Honcho platform, expanding into a more accessible electric motorcycle segment.

• Improved year-to-date free cash flow by 19% over 2025 through disciplined cost management.

Financial highlights

• Q2 2026 revenue rose to $9.1M from $5.9M in Q2 2025; six-month revenue was $14.2M, up from $8.6M year-over-year.

• Electric Motorcycles segment revenue grew 333% to $3.6M in Q2, driven by a 386% increase in unit sales; STACYC segment revenue up 9% to $5.5M.

• Operating loss for Q2 was $18.0M, nearly flat year-over-year; six-month operating loss improved to $35.7M from $38.9M.

• Adjusted EBITDA for Q2 2026: $(15.1)M, compared to $(15.7)M in Q2 2025.

• Gross profit for Electric Motorcycles remained negative, with higher volumes offset by net realizable value adjustments and increased S2 motorcycle purchases.

Outlook and guidance

• 2026 focus: launch S4 Honcho mini-motos, advance Dust platform, expand network, and continue cost savings.

• Management expects current cash to fund operations for at least 12 months but will seek additional financing to support growth and eventual profitability.

• Reiterated full-year 2026 financial guidance.