The core Retail-Flooring business continues to deteriorate with no near-term catalyst for recovery given housing headwinds. Monitor Q3 for further impairment risk in Steel Manufacturing and whether cost-reduction initiatives in Retail-Flooring can stem operating losses. The $39.8M liquidity position provides a cushion but does not offset fundamental weakness.
Price Chart
Executive Summary
Live Ventures reported a net loss of $2.4M and diluted EPS of -$0.80 for Q2 FY2026, compared to net income of $15.9M and EPS of $5.05 in the prior-year period. Revenue declined 3.8% YoY to $102.9M, driven by a 26.2% drop in the Retail-Flooring segment, partially offset by 14.8% growth in Retail-Entertainment. The quarter included a $4.0M non-cash goodwill impairment charge in Steel Manufacturing and a $1.4M Employee Retention Credit gain, while the prior-year period benefited from a $22.8M seller note modification gain.
Key Financial Metrics
Key Facts
- Revenue declined 3.8% YoY to $102.9M from $107.0M
- Net loss of $2.4M vs net income of $15.9M in prior-year period
- Diluted EPS of -$0.80 vs $5.05 in prior-year period
- Operating loss of $2.0M vs operating income of $2.1M in prior-year period
- Retail-Flooring segment revenue fell 26.2% to $20.2M due to housing market headwinds
- Steel Manufacturing segment recorded a $4.0M non-cash goodwill impairment charge
- Adjusted EBITDA declined 8.8% to $5.9M from $6.4M
- Prior-year period included a $22.8M gain on seller note modification
- Cash and availability of $39.8M as of March 31, 2026
Financial Impact
Revenue decline of $4.1M (3.8%) and net income swing of -$18.3M YoY, driven by goodwill impairment and housing market headwinds
Risk Factors
- Continued weakness in new-home construction and home-refurbishment markets pressuring Retail-Flooring and Flooring Manufacturing segments
- Additional goodwill impairment risk in Steel Manufacturing segment ($57.1M goodwill remaining)
- High leverage with $103.3M total debt vs $92.9M equity
- Negative operating cash flow potential if Retail-Flooring losses persist
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3294924 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 3, 2026 29d ago | EFFECT | $8.77 $7.60 | ▲ +13.35% | ▲ +12.16% | $7.43 (+15.28%) |
Aug 28, 2026 5w ago | S-3/A | $9.19 $7.50 | ▼ −18.39% | ▼ −18.65% | $7.43 (−19.15%) |
Aug 27, 2026 5w ago | 8-K | $9.31 $7.77 | ▼ −16.54% | ▼ −16.03% | $7.43 (−20.19%) |
Jun 18, 2026 15w ago | S-3 | $10.30 $10.73 | ▲ +4.17% | ▲ +3.64% | $7.43 (−27.86%) |
May 14, 2026 20w ago | 8-K | $10.24 $9.90 | ▲ +3.32% | ▲ +2.46% | $7.43 (+27.44%) |
May 14, 2026 20w ago | Press Release | $10.24 $9.90 | ▲ +3.32% | ▲ +2.46% | $7.43 (+27.44%) |
US Market Status
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