Live Ventures Inc (NASDAQ: LIVE) is a diversified holding company that operates retail, flooring manufacturing, and steel manufacturing businesses across the United States. It generates revenue through product sales, installation services, and a buy-sell-trade model across its three operating segments: Retail-Entertainment, Retail-Flooring, and Steel Manufacturing, plus a Flooring Manufacturing segment. Total revenue was $444.9 million for the year ended September 30, 2025, down from $472.8 million in the prior fiscal year. The Retail-Entertainment segment runs 73 specialty entertainment stores under the Vintage Stock, Movie Trading Company, EntertainMart, and V-Stock brands. The Retail-Flooring segment operates 25 warehouse-format stores through Flooring Liquidators in California, Arkansas, Missouri, and Nevada. The Steel Manufacturing segment operates through Precision Marshall and includes Kinetic, PMW, and Central Steel, serving industrial, automotive, appliance, and data center end markets. The company is headquartered in Las Vegas, Nevada and carries total indebtedness of $117.7 million as of September 30, 2024.
- Revenue model
- Transactional sales across three segments: retail sales of new and pre-owned entertainment products via buy-sell-trade stores; retail sales and installation of flooring, carpeting, cabinets, and countertops; and manufacturing and sale of steel products including industrial knives, metal stampings, fabricated metal components, and specialized data center hardware. No subscription or royalty revenue is disclosed in the filing.
- Products and services
- Retail-Entertainment: new and pre-owned movies, video games, music, books, comics, toys, collectibles, electronics, plus repair and rental services, sold under Vintage Stock, V-Stock, Movie Trading Company, and EntertainMart brands across 73 stores. Retail-Flooring: flooring, carpeting, cabinets, and countertops sold and installed through 25 Flooring Liquidators warehouse stores. Steel Manufacturing: industrial knives and hardened wear products (Kinetic, 90-plus knife types), metal stampings and assemblies exceeding 35 million units per year (PMW), and fabricated metal products including cable racks, auxiliary framing, and network bays for data centers (Central Steel, 2,300-plus unique products to 500-plus customers).
- Customers and end markets
- Entertainment retail customers include individual consumers: gamers, collectors, electronics enthusiasts, children, and seniors. Flooring customers include individual consumers, homebuilders, and contractors. Steel and industrial manufacturing customers include tissue, metals, and wood industries (Kinetic), automotive and appliance OEMs (PMW), and data center operators (Central Steel). No single customer concentration percentage is disclosed in the filing.
- Value-chain role
- Mixed: direct retail operator (Vintage Stock, Flooring Liquidators) and vertically integrated manufacturer-seller (Precision Marshall subsidiaries that manufacture, grind, machine, heat-treat, and sell finished industrial components). Kinetic performs in-house grinding, machining, and heat-treating. PMW handles metal forming, assembly, and finishing. Central Steel fabricates specialized metal products for data center infrastructure.
- Geographic exposure
- Primarily United States. Vintage Stock operates in 14 states: Alabama, Arkansas, Colorado, Idaho, Illinois, Kansas, Missouri, Montana, Nebraska, New Mexico, Oklahoma, Tennessee, Texas, and Utah (as of September 30, 2025). Flooring Liquidators operates in California, Arkansas, Missouri, and Nevada (25 stores as of September 30, 2025). Kinetic is headquartered in Greendale, Wisconsin. PMW operates 400,000 square feet of manufacturing space in Kentucky. Central Steel is based in Chicago, Illinois. Corporate offices are in Las Vegas, Nevada.
- Competitors
- Mass merchants and regional chains (entertainment retail), Consumer electronics stores (entertainment retail), Online retailers (entertainment retail), Game rental companies (entertainment retail), Sellers of pre-owned video game products (entertainment retail)
