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LiveWire issues going-concern warning over business continuity risks

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LiveWire issues going-concern warning over business continuity risks

LiveWire has filed substantial doubts about its ability to continue as a going concern and is exploring options such as new financing, strategic partners, or a sale. Although electric motorcycle sales have recently increased, the Harley-Davidson spin-off's liquid assets have shrunk to just under $40 million.

With its third-quarter 2026 results, LiveWire has issued a so-called going-concern warning. According to management, there are substantial doubts about the company’s ability to continue operating over the next twelve months without additional measures. The reasons cited include recurring operating losses, negative cash flows, limited liquidity, and further financing requirements.

This does not yet mean insolvency has been declared, but LiveWire has made it clear that additional financing or a strategic solution may be necessary. According to reports from the online portal Electrek, options under consideration include debt and equity financing, partnerships or investments, as well as a sale, restructuring, or recapitalisation.

To address this, the board of directors established a dedicated restructuring committee on 22 October. Its task is to evaluate and negotiate potential transactions. Additionally, Roy Gallagher has been appointed Chief Restructuring Officer. LiveWire also points to 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.


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