Live Ventures' Flooring Retail & Manufacturing Businesses Post Q3 Decline

Las Vegas, NV, August 11, 2025-Live Ventures reported Q3 2025 revenue of $112.5 million, a 9.2% decline from $123.9 million in the prior year period, primarily due to retail flooring and steel manufacturing segment declines. 

Net income for Q3 2025 was $5.4 million, up from a net loss of $2.9 million in the prior year. 

The Flooring Manufacturing segment achieved the most dramatic margin improvement, with operating income increasing 122.8% despite a 5.7% revenue decline. 

The Retail-Flooring segment revenue for the quarter ended June 30, 2025, was approximately $30.4 million, a decrease of approximately $6.6 million, or 17.9%, compared to approximately $37.0 million in the prior-year period. The decrease in revenue was primarily attributable to the disposition of certain Johnson stores in May 2024, as well as decreased demand due to broader economic conditions. Gross margin for the quarter ended June 30, 2025, was 35.5%, compared to 36.6% for the prior-year period. The decrease in gross margin was primarily driven by a change in the product mix. Operating loss for the quarter ended June 30, 2025, was approximately $0.7 million, compared to an operating loss of approximately $1.5 million in the prior-year period. The decrease in operating loss is attributable to lower general and administrative expenses and sales and marketing expenses as a result of targeted cost reduction initiatives.

The Flooring Manufacturing segment revenue for the quarter ended June 30, 2025, was approximately $29.5 million, a decrease of approximately $1.8 million, or 5.7%, compared to approximately $31.3 million in the prior-year period. The decrease in revenue was primarily due to reduced consumer demand, as a result of the ongoing weakness in the housing market and uncertainty about the current economic outlook. Gross margin was 29.9% for the quarter ended June 30, 2025, compared to 24.7% for the prior-year period. The increase in gross margin was primarily due to changes in product mix. Operating income for the quarter ended June 30, 2025, was approximately $4.1 million, compared to approximately $1.9 million in the prior-year period. The improvement in operating income is attributable to lower general and administrative expenses and sales and marketing expenses.

For the nine months ended June 30, the company’s total revenue was $331.1 million, down 8.1% from $360.1 in the prior year period.

Live Ventures portfolio includes Marquis Industries, a carpet manufacturer, and retailer Flooring Liquidators.