Financial Analysis
Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data
Filing evidence summary
Mixed evidenceCoverage 5/5 core metricsFlagged areas: Solvency & liquidity.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- 1 filing risk check flagged
Flagged areas: Solvency & liquidity.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Revenue expanded
Latest reported annual revenue changed +10.7% from the prior reported annual observation.
Why this surfaced
Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-31.
- Operating margin improved
Operating margin changed +4.1 percentage points from the prior annual period.
Why this surfaced
Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2025-12-31.
- Free cash flow was positive
Latest reported free cash flow was $173M.
Why this surfaced
Free cash flow = operating cash flow minus capital expenditures; positive is supporting evidence, not a valuation conclusion. Period end 2025-12-31.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
- Solvency & liquidity
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-09-06
- Latest period end
- 2025-12-31
- Filings
- EDGAR ↗
Reported segment mix
figures as filed · share of the filed sum · change vs the prior period in the same filing- United States$740Mshare n/a+6.4% yoy
- Locations Excluding The United States And Europe$379Mshare n/a+12.1% yoy
- Europe$269Mshare n/a+22.3% yoy
- United Kingdom$55.9Mshare n/a+14.3% yoy
member sum exceeds the consolidated figure: this axis carries more than one breakdown, so shares are not computed.
- United States$185M51.0%+9.2% yoy
- Locations Excluding The United States And Europe$102M28.1%+15.8% yoy
- Europe$75.7M20.9%+26.7% yoy
Change is against the same quarter a year earlier, as reported in the same 10-Q.
Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.
Peer percentiles
latest fiscal year ending 2025-12-31 · among 4,003 US-listed filers · 318 in Healthcare| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $1.4B | 60thof 3,301 middle third | 68thof 291 top third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | 10.7% | 63rdof 3,137 middle third | 54thof 277 middle third |
Gross margin gross profit ÷ revenue | 67.7% | 83rdof 1,603 top third | 75thof 212 top third |
Operating margin operating income ÷ revenue | 14.4% | 77thof 2,819 top third | 83rdof 280 top third |
Net margin net income ÷ revenue | -17.5% | 26thof 3,263 bottom third | 39thof 290 middle third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | 12.5% | 71stof 2,679 top third | 78thof 261 top third |
Return on equity net income ÷ stockholders' equity (positive equity only) | -20.2% | 28thof 3,576 bottom third | 42ndof 291 middle third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 2.6% | 47thof 2,895 middle third | 58thof 272 middle third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 57 days | 40thof 2,398 middle third | 50thof 266 middle third |
Net debt ÷ operating cash flow net debt ÷ operating cash flow (OCF > 0) · lower is ranked higher | -1.0× | 90thof 1,546 top third | 88thof 116 top third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -19.4% | 93rdof 2,278 top third | 91stof 164 top third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | -47.0% | 94thof 1,907 top third | 90thof 140 top third |
Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.
Earnings quality
latest fiscal year ending 2025-12-31 · accruals and cash conversion as filedPer fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.
Point-in-time ledger
first-reported vs latest filing · periods since 2020-01-01 · 26 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Operating income OperatingIncomeLoss | quarter 2020-03-31 | $608K 10-Q 2020-04-30 | -$581K 10-K 2022-03-01 | -195.6% | first · latest · 3 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2021-03-31 | -$4.42M 10-Q 2021-04-28 | -$5.7M 10-Q 2022-05-04 | -28.8% | first · latest · 3 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2020-06-30 | -$15.2M 10-Q 2020-07-29 | -$16.7M 10-K 2022-03-01 | -9.9% | first · latest · 3 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2021-09-30 | $17.9M 10-Q 2021-11-03 | $16.4M 10-Q 2022-11-02 | -8.1% | first · latest · 3 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2021-06-30 | -$34.9M 10-Q 2021-07-28 | -$36.3M 10-Q 2022-08-03 | -4.0% | first · latest · 3 filings carry it |
| Net income NetIncomeLoss | quarter 2021-03-31 | -$29.7M 10-Q 2021-04-28 | -$30.8M 10-Q 2022-05-04 | -3.6% | first · latest · 3 filings carry it |
| Net income NetIncomeLoss | quarter 2020-03-31 | $37.6M 10-Q 2020-04-30 | $36.5M 10-K 2022-03-01 | -3.0% | first · latest · 3 filings carry it |
| Net income NetIncomeLoss | quarter 2021-09-30 | -$42.2M 10-Q 2021-11-03 | -$43.4M 10-Q 2022-11-02 | -2.9% | first · latest · 3 filings carry it |
| Net income NetIncomeLoss | quarter 2021-06-30 | -$55.3M 10-Q 2021-07-28 | -$56.5M 10-Q 2022-08-03 | -2.1% | first · latest · 3 filings carry it |
| Gross profit GrossProfit | quarter 2025-03-31 | $221M 10-Q 2025-05-07 | $216M 10-Q 2026-05-06 | -2.0% | first · latest · 5 filings carry it |
| Gross profit GrossProfit | quarter 2024-03-31 | $207M 10-Q 2024-05-03 | $203M 10-K 2026-02-25 | -2.0% | first · latest · 5 filings carry it |
| Gross profit GrossProfit | fiscal year 2023-12-31 | $771M 10-K 2024-02-29 | $756M 10-K 2026-02-25 | -2.0% | first · latest · 5 filings carry it |
| Gross profit GrossProfit | fiscal year 2024-12-31 | $871M 10-K 2025-02-25 | $853M 10-K 2026-02-25 | -2.0% | first · latest · 4 filings carry it |
| Gross profit GrossProfit | quarter 2024-09-30 | $225M 10-Q 2024-10-31 | $221M 10-Q 2025-11-05 | -1.9% | first · latest · 3 filings carry it |
| Gross profit GrossProfit | quarter 2024-06-30 | $219M 10-Q 2024-08-01 | $215M 10-Q 2025-08-06 | -1.8% | first · latest |
| Net income NetIncomeLoss | quarter 2020-06-30 | -$88M 10-Q 2020-07-29 | -$89.4M 10-K 2022-03-01 | -1.6% | first · latest · 3 filings carry it |
| Operating income OperatingIncomeLoss | fiscal year 2020-12-31 | -$270M 10-K 2021-03-01 | -$274M 10-K 2023-02-27 | -1.5% | first · latest · 3 filings carry it |
| Gross profit GrossProfit | quarter 2020-06-30 | $116M 10-Q 2021-07-28 | $115M 10-K 2022-03-01 | -1.3% | first · latest |
| Stockholders' equity StockholdersEquity | balance at 2021-06-30 | $1.04B 10-Q 2021-07-28 | $1.03B 10-Q 2022-11-02 | -1.1% | first · latest · 4 filings carry it |
| Net income NetIncomeLoss | fiscal year 2020-12-31 | -$345M 10-K 2021-03-01 | -$349M 10-K 2023-02-27 | -1.1% | first · latest · 3 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2021-03-31 | $1.07B 10-Q 2021-04-28 | $1.06B 10-Q 2022-08-03 | -1.0% | first · latest · 4 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2021-09-30 | $1.31B 10-Q 2021-11-03 | $1.3B 10-Q 2022-11-02 | -1.0% | first · latest |
| Gross profit GrossProfit | quarter 2021-09-30 | $170M 10-Q 2021-11-03 | $169M 10-Q 2022-11-02 | -0.8% | first · latest · 3 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2020-12-31 | $1.12B 10-K 2021-03-01 | $1.11B 10-K 2024-02-29 | -0.8% | first · latest · 10 filings carry it |
| Gross profit GrossProfit | quarter 2021-06-30 | $174M 10-Q 2021-07-28 | $172M 10-Q 2022-08-03 | -0.8% | first · latest · 3 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2020-09-30 | -$7.51M 10-Q 2020-10-29 | -$7.55M 10-K 2022-03-01 | -0.6% | first · latest · 3 filings carry it |
First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.
Notes by disclosure type
Not available for LIVN yet: no footnote text blocks on file for this filer in the ingested DERA files.
Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.