Live Ventures Incorporated

Live Ventures Inc. is a U.S.-based diversified holding company that acquires and operates profitable middle-market businesses across several unrelated industries. Its portfolio currently spans retail entertainment, flooring retail, flooring manufacturing, steel manufacturing, and corporate/other activities, with operating companies run on a decentralized basis.

7,2 %

32,7 %

5,1 %

−5,9 %

1.56

0.47

— Live Ventures Incorporated
%
Retail-Entertainment17% Retail sale of new and pre-owned video games, consoles, accessories, and related entertainment products.
Retail-Flooring27% Retail and installation of flooring, carpeting, cabinets, and countertops for homeowners, builders, and contractors.
Flooring Manufacturing35% Manufacture and sale of carpet, yarns, luxury vinyl, laminate, rigid core, and engineered hardwood flooring.
Steel Manufacturing18% Fabrication and supply of specialized metal products for data centers and other industrial end markets.
Corporate & Other3% Corporate overhead and legacy products or services no longer actively sold to new customers.

Live Ventures sells to a mix of consumers, builders, contractors, specialty retailers, and industrial customers...

  • Retail entertainment consumerssecondary

    Buy new and pre-owned games, consoles, and accessories for personal entertainment and value pricing.

  • Homeowners and remodelersprimary

    Buy flooring, carpeting, cabinets, and countertops for home renovation and improvement projects.

  • Builders and contractorsprimary

    Buy flooring products and installation services for residential construction and remodeling jobs.

  • Residential and hospitality flooring buyersprimary

    Buy carpet, vinyl, laminate, and hardwood products from Marquis for project and channel demand.

  • Industrial and infrastructure customerssecondary

    Buy fabricated metal products, especially for data centers and related applications.

The company is primarily U.S.-focused, with operating businesses and stores concentrated in domestic markets...

  • U.S. is the core market for all operating subsidiaries
  • Flooring Liquidators operates stores and design centers in four states
  • Marquis and steel businesses ship across North America and Mexico
  • Manufacturing footprint is concentrated in Kentucky, Wisconsin, and Illinois
  • Domestic focus reduces FX exposure but ties results to U.S. demand

Live Ventures’ strategy is to acquire profitable, well-managed middle-market businesses and operate them with a...

01
Acquire and integrate profitable middle-market businessesmedium-term

Growth depends on adding cash-generative businesses that fit the portfolio and can be operated without heavy central overhead.

02
Improve operating efficiency and marginsshort-term

Recent EBITDA improvement was driven by lower operating expenses, showing cost control is a key lever in a cyclical portfolio.

03
Preserve liquidity and financial flexibilityshort-term

The company needs cash and revolver capacity to fund operations, debt service, acquisitions, and shareholder returns.

The business is exposed to cyclical demand, especially in discretionary retail and housing-related end markets, which...

high

Cyclical consumer and housing demand

Retail entertainment and flooring depend on discretionary spending and renovation activity, both of which weaken in softer economic conditions.

Scope
Retail-Entertainment and Retail-Flooring, plus flooring manufacturing demand
Materiality
high
high

Acquisition and integration risk

Growth depends on buying and integrating businesses, which can fail due diligence, strain management, or reduce customer retention.

Scope
Company-wide acquisition strategy
Materiality
high
medium

Goodwill and intangible asset impairment

Acquired businesses create goodwill that must be tested for impairment if performance weakens or assumptions change.

Scope
All acquired subsidiaries
Materiality
high
medium

Competitive pressure and pricing

Retail entertainment and flooring markets face intense competition from online, mass-market, and specialty rivals.

Scope
Retail-Entertainment and Retail-Flooring
Materiality
medium
medium

Cybersecurity and data privacy incidents

The company stores customer and employee data, and a breach could cause legal costs, operational disruption, and reputational damage.

Scope
Corporate systems and retail operations
Materiality
medium
Revenue recognition
Affects quarterly comparability and reported margins
Inventory valuation
Can affect gross margin and write-downs
Goodwill and intangible assets
Potential non-cash impairment charges
Trade receivables
Affects allowance for credit losses
Income taxes
Can move net income and effective tax rate

: 28/04/2026