LiveWire has issued a going-concern warning alongside its third-quarter 2026 results, stating there are substantial doubts about whether it can continue operating over the next twelve months without intervention. The Harley-Davidson spin-off saw liquid assets drop to $39.9 million as of 30 September, down from $82.8 million at the end of 2025.

Management cited recurring operating losses, negative cash flows, limited liquidity, and ongoing funding needs for the warning. While insolvency has not been declared, the company has pulled its previous annual forecast of a $70 million to $80 million operating loss and is weighing options including debt and equity financing, partnerships, restructuring, recapitalisation, or a sale.

The board of directors established a restructuring committee on 22 October to negotiate potential transactions and appointed Roy Gallagher as Chief Restructuring Officer. Beyond current liquidity strains, LiveWire faces a debt maturity due in December 2027.

Operationally, LiveWire did see growth in the third quarter. Group revenue increased by 38 per cent to $7.9 million, while the net loss narrowed slightly from $19.4 million to $18.6 million. Adjusted EBITDA stood at minus $14.7 million.

In terms of electric motorcycles, LiveWire sold 241 units, up from 184 in the same quarter last year, a 31 per cent increase. 0 million. The majority of the 7,233 total units sold were not motorcycles but part of the STACYC business, which includes electric balance bikes and e-bikes for children, with 6,992 units sold in the quarter.

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