Live Ventures (NASDAQ:LIVE) today reported its financial results for the fiscal year ended September 30, 2025, showing a significant turnaround in profitability despite a modest dip in revenue.
The company posted total revenue of $444.9 million, a 5.9% decrease year-over-year, largely attributed to continued weakness in its housing-related segments.
Despite the revenue challenge, the company achieved substantial operational improvements, with gross margin increasing by 210 basis points to 32.7%.
This focus on efficiency led to a dramatic swing in profitability.
Operating income turned positive at $14.6 million, reversing a $13.6 million operating loss in the prior year.
Net income for the year was $22.7 million, translating to $4.93 diluted EPS.
This net income figure includes $28.2 million of one-time net gains realized during the period.
Excluding these factors, adjusted EBITDA showcased the underlying operational strength, climbing 36.3% year-over-year to reach $33.4 million.
The positive results reflect successful margin improvement initiatives, cost reductions, and benefits from the Central Steel acquisition, which offset the continued softness in the housing market.