LiveWire narrows Q1 loss 6%, borrows $75M from Harley, launches mini-moto line

Filed May 6, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 6, 2025 · ~2 min read

Key Changes

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  Company borrowed $75M from Harley-Davidson in December 2025 (matures Dec 2027, 7.64% rate), adding $1.4M quarterly interest expense. First $10M of ATM equity sales must prepay the loan. Cash position $67.5M at quarter-end, down $15.3M from year-end.

  MD&A: Liquidity verify on EDGAR →
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  Q1 2026 net loss improved 6% to $18.1M from $19.3M year-ago, but rate of improvement slowed from prior year's 19% reduction. Management now explicitly states additional capital will be required beyond 12 months to reach profitability.

  MD&A: Results of Operations verify on EDGAR →
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  Wholesale motorcycle unit sales surged 138% to 76 units from 32 units year-ago, reversing prior year's 57% decline. STACYC electric balance bike sales doubled to 3,959 units, driven by U.S. volumes (3,717 vs 1,945) and international expansion.

  MD&A: Unit Sales verify on EDGAR →