Forensic Analysis · Retail / Consumer Discretionary · as of Sep 10, 2026

Liveone, Inc. (LVO)

A forensic read on Liveone, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

F · Poor — capital at risk

Forensic grade

Distress

Financial health

-25.2

Distress distance

Clean

Earnings quality

Forensic signals

-32.6%

Revenue growth

The financial-health reading above compares this company's equity at BOOK value, not at what the market currently pays for it — this free snapshot doesn't pull live market data. Treat it as a rough read, not the final word.

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Liveone, Inc. earns an F (Poor — capital at risk) forensic quality grade, and its balance-sheet distress test reads -25.2, placing it in the Distress zone (based on book value, not market value, since this free snapshot doesn't pull live market data — treat this zone as a rough read, not the final word). 6 forensic signals were flagged in its latest SEC filings, led by return on invested capital.

What the filings flag

-216.9%

FY2026

Return on invested capital. Return on invested capital is -216.9% in the latest fiscal year and slipping from -13% — well below its ~9% cost of capital, and it has been across FY2023–FY2026, so reinvested dollars have not been earning their keep.

FCF ($14M)

FY2026

Shareholder returns. Returned $599,000 to shareholders (buybacks + dividends) in FY2026, but free cash flow was ($14M) after capex — there was no free cash flow to fund the payout from at all, and operating cash flow itself was negative or zero that year too. The entire return is coming from debt or cash reserves, not cash the business itself generated — a harder case than returns merely running ahead of free cash flow, since here there was none to run ahead of.

suspended

FY2025→FY2026

Dividend — suspended. The dividend has been SUSPENDED — $509,000 paid in FY2025, then $0 in FY2026. A suspension is a major signal the board is conserving cash; the prior payment history doesn't offset it.

40d DSO

FY2025→FY2026

Receivables vs revenue. Days sales outstanding moved from 34 to 40 days FY2025→FY2026 (receivables +2% vs revenue -33%). Receivables are creeping up relative to sales. Across FY2024–FY2026 the day count ran 41 → 34 → 40 days, so the latest reading sits on top of a record that was flat or falling before it — one year's move, not a direction the business has been travelling in. Deferred revenue was roughly flat (-16%) over the same period, which doesn't corroborate a benign upfront-billing explanation for the receivables build.

n/m (stock split)

Key fundamentals

Latest Revenue$77.1M

Revenue Growth YoY-32.6%

Net Margin-27.2%

Free Cash Flow-$13.7M

The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Liveone, Inc.'s actual 10-K/10-Q/8-K filings?

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Data from SEC EDGAR public filings · metrics as of Sep 10, 2026. Forensic signals flag probability, not certainty.