Live Ventures swings to $2.4M loss on $4.0M impairment; revenue down 3.8%
For the fiscal second quarter ended March 31, 2026, Live Ventures reported revenue of $102.9 million, down 3.8% from $107.0 million, and a net loss of $2.4 million, or $0.80 per diluted share, compared with net income of $15.9 million, or $5.05 per diluted share, a year earlier. The prior-year result included a $22.8 million gain on a seller note modification, and this year's results include a non-cash goodwill impairment of about $4.0 million in the Steel Manufacturing segment, which shareholders should weigh against the company's operating improvements in other segments.
Key points
- Revenue was $102.9 million, compared with $107.0 million in the prior-year quarter, with Retail-Flooring revenue down about $7.2 million.
- Operating loss was $2.0 million, compared with operating income of $2.1 million, including the $4.0 million goodwill impairment.
- Net loss was $2.4 million, or $0.80 per diluted share, including a $1.4 million Employee Retention Credit gain.
- Adjusted EBITDA was $5.9 million, down from $6.4 million a year earlier.
The filing
Written by AI on Nov 9, 2026, 8:28 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 14, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.