Live Ventures Sales Declined 2.7% in Q1 2026 with $64M Net Loss

Las Vegas, NV, May 15, 2026-Live Ventures, owner of Marquis Industries and Flooring Liquidators, reported sales of $108.5 million in Q1 2026, a 2.7% decline compared to sales of $111.5 million in Q1 2025. 

The company posted a net loss of $64 million in Q1 2025, compared to net income of $492 million in the prior year.

Retail flooring segment revenue for the quarter ended December 31, 2025, was $25.3 million, a decrease 20.2%, compared to $31.7 million in the prior-year period. The decrease in revenue is primarily due to changes in store locations from the prior-year period, including two store closures and three new store openings late in the fiscal first quarter of 2026 that had not yet materially contributed to revenue, as well as continued softness in the housing market. Net loss for the retail flooring segment for Q1 2026 was $3.688 million, compared to a net loss of $2.173 million in the same period last year.

The flooring manufacturing segment revenue for the quarter ended December 31, 2025, was approximately $28.9 million, a decrease 1.1%, compared to $29.2 million in the prior-year period. The decrease in revenue was primarily due to lower sales to the Retail-Flooring segment. Net income for the flooring manufacturing segment in Q1 2026 was $2.325 million, a 257% increase compared to net income of $651,000 in the same period last year.

“We are pleased with the continued operational progress during the quarter, which contributed to a $2.7 million, or 352.9%, increase in operating income compared with the prior-year period. These results were delivered despite sustained softness in new home construction and home refurbishment, which continued to weigh on our Retail-Flooring segment. In addition, we successfully refinanced one of our credit facilities in the Steel Manufacturing segment, strengthening our balance sheet and enhancing our ability to support future growth,” commented David Verret, chief financial officer of Live Ventures.