Meridian™
Universe

LVWR · CIK 0001898795 · FY2025 live · 2025-12-31

LiveWire Group, Inc.

DistressSEC 10-KClassic ZIndustrials12th percentile in Industrials · 430 names

View as

Model

Classic Z

FY2025

−3.46

Zone

Distress

Prior

—

Market DD

—

1y PD

—

Meridian Rank

21.82

0–100 · Classic Z tape · not a PD

  • Book standing

    21

  • Year change

    —

  • Market PD

    —

  • O-score

    24

−3.46

Z″ −6.00

−21.83.08+

Score −3.46 · distress below 1.80, grey to 2.99, safe at 3.00 and above.

Classic Z factor contributions

  • X1 Working capital / assets

    Short-term liquidity versus the size of the balance sheet.

    0.56
    1.2 × = 0.67

  • X2 Retained earnings / assets

    Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.

    −2.06
    1.4 × = −2.88

  • X3 EBIT / assets

    Operating return on assets. Highest weight in the original model.

    −0.52
    3.3 × = −1.70

  • X4 Book equity / liabilities

    Book equity versus the liability stack. Mega-caps often look greyer here than they would if X4 used market cap.

    0.46
    0.6 × = 0.28

  • X5 Sales / assets

    Asset turnover — how much revenue the asset base supports.

    0.18
    1 × = 0.18

Five-year path

Need two annual 10-Ks to draw a path. The desk will pull this issuer’s filings rather than invent a series.

Overview

rule-v1

LiveWire Group, Inc. is on classic Z at −3.46 (distress) for FY2025, from an SEC 10-K. Retained earnings / assets is the line that sets the print; EBIT / assets is the runner-up. This is the first live year on the desk. No market tape loaded. Classic Z was fit on manufacturers; buybacks can send retained earnings negative at otherwise healthy issuers, and X4 is book equity, not market cap.

Book screen Distress; market PD —. Tape not priced — not a single default call.

Market DD · naive Merton

No market tape yet.

Pull a year of closes (Yahoo, Nasdaq if Yahoo is limited) and size equity from Nasdaq cap or EDGAR shares. Distance-to-default and 1-year PD stay blank until then.

Sector peers

Closest Classic Z scores · 12th percentile in Industrials.

KPI widgets

Current assets

$105M

Total assets

$146M

Current liabilities

$23M

Total liabilities

$100M

Working capital

$82M

Retained earnings

−$301M

EBIT

−$75M

Total sales

$26M

Book equity

$46M

Accession 0001898795-26-000028. Live rank is the latest 10-K on EDGAR (FY2025, period 2025-12-31). Classic Z is the live score. View as does not rewrite the live rank. X4 is book equity. Pulled 13 Sept 2026.