LiveOne, Inc. (LVO) intrinsic value & 10-year financials
LiveOne, Inc. (LVO) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 36.9% a year to $114.4M, with an average return on invested capital of -236.4%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $2.32
- Market cap
- $196.7M
- Revenue (FY2025)
- $114.4M
- Revenue growth (10-yr CAGR)
- 36.9%
- ROIC (10-yr avg)
- -236.4%
- Free cash flow (FY2025)
- $3.3M
LVO 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $114.4M | -$18.7M | — | $3.3M | -15.8% | 95.3% |
| FY2024 | $118.4M | -$12.0M | — | $3.8M | -3.9% | 37.4% |
| FY2023 | $99.6M | -$10.0M | -$0.12 | -$6.3M | -2.2% | 73.4% |
| FY2022 | $117.0M | -$43.9M | -$0.56 | -$12.9M | -32.3% | -1142.9% |
| FY2021 | $65.2M | -$41.8M | — | -$12.7M | -45.0% | 807.6% |
| FY2020 | $38.7M | -$38.9M | — | -$7.5M | -93.1% | -1575.5% |
| FY2019 | $33.7M | -$37.8M | — | -$8.3M | -100.6% | -415.7% |
| FY2018 | $7.2M | -$23.3M | — | -$9.3M | -206.8% | 323.8% |
| FY2017 | $225.0K | -$14.2M | — | -$3.1M | -2437.7% | 664.3% |
| FY2016 | $6.8M | -$3.7M | — | -$3.1M | -58.9% | -1232.1% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
LiveOne, Inc. is a consistent compounder, expanding top-line revenue at 36.9% annually over the past decade.
LiveOne, Inc. has earned high returns on invested capital, averaging 18.0% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
LiveOne, Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, LiveOne, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-7.33 per share.