LIVN LivaNova PLC

Overview and Growth

LivaNova PLC generated $1.39B of revenue in fiscal 2025, with net loss of $242.47M and an operating cash inflow of $254.34M. The $1.39B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Revenue was 10.7% above fiscal 2024 revenue of $1.25B, marking a year-over-year increase. On a per-share basis, diluted EPS was -$4.45, which connects the reported earnings outcome with the company’s diluted share count. Against diluted EPS of $1.16 in fiscal 2024, the current result was 483.6% lower. Revenue equaled 0.53x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

After reported cost of revenue, the company retained $939.87M as gross profit before recognizing operating expenses and other items. The gross-profit relationship equaled 67.7% of revenue, quantifying the portion retained before operating expenses were recognized. The reported operating result was $199.39M, capturing profitability after direct costs and the operating expenses reflected in the statements. The operating result equaled 14.4% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. The bottom-line result was a net loss of $242.47M after operating, financing, tax, and other recognized items. Net margin was -17.5%, reflecting a loss equal to 17.5% of reported revenue. Before income taxes, the company recorded a loss of $220.78M, bridging the operating result to the final net loss. Pretax margin was -15.9%, reflecting a pre-tax loss equal to 15.9% of revenue. The company recognized $21.64M of income tax for the period, completing the transition from pretax income to net income. The net loss equaled 20.2% of period-end equity, showing the deficit relative to book capital. Relative to total assets, the net loss represented 9.3%.

Liquidity and Capital Structure

At period end, the $2.61B asset base was financed through $1.41B of liabilities and $1.20B of equity. Current assets were $1.10B against $808.07M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. Current assets covered current liabilities by 1.36x, leaving a positive buffer for near-term obligations. The company held $635.55M in cash and equivalents, a narrower liquidity measure than total current assets. Measured only with cash and equivalents, coverage of current liabilities was 78.7%, excluding receivables and other current assets. The company carried $376.66M of total debt at period end, which frames its leverage and debt-service burden. The debt-to-equity relationship was 0.31x, showing how much debt the company carried for each unit of book equity. The debt-to-assets relationship was 14.5%, comparing borrowing with the total asset balance. The liabilities-to-assets relationship was 54.0%, placing reported obligations against the full positive asset balance. The cash-to-assets relationship was 24.4%, comparing reported cash and equivalents with the full positive asset balance. Compared with $2.51B in fiscal 2024, the current asset base moved 4.0% and finished higher. Book equity was 9.1% lower than fiscal 2024 equity of $1.32B, showing how shareholder capital changed year over year.

Cash Flow and Earnings Quality

The company reported $254.34M of operating cash flow, a cash inflow that shows the cash generated by operations. Capital spending was $81.05M, absorbing part of the cash generated from operations before free cash flow. Capital spending absorbed 31.9% of operating cash flow, quantifying the share of cash from operations directed to investment. Free cash flow came to $173.29M, leaving a positive amount after capital expenditures. Free cash flow represented 12.5% of revenue, linking post-investment cash generation with the company’s operating scale. Measured against total assets, free cash flow represented 6.6%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.