Liberty Live Holdings Inc. Series C Liberty Live Group (LLYVK) — RQD Stock Rating Cockpit

Per the Roarable RQD rating, LLYVK scores 40 out of 100, a letter grade of D-, and the verdict label "Roarable Sell — Vulnerable Balance Sheet & Flow."

• Fundamental Cash Engine (3 / 20): ROIC is -5.4% and FCF yield is -0.49%. The cash-generation pillar is the weakest of the five, indicating that the business is not currently converting capital into positive returns or free cash flow. For a prospective investor, the valuation case would have to rest on future improvement rather than present earnings power.
• Whale 13F Flow (14 / 20): This pillar reflects institutional accumulation and options positioning. It is the strongest pillar, suggesting some institutional interest, which is a partial offset to the weak fundamentals.
• Insider Conviction (6 / 20): SEC Form 4 and Congressional PTR cluster flow scored low, implying limited insider-side conviction in the current setup.
• Macro Regime Fit (7 / 20): Beta is 1.1 with sector sensitivity, meaning the stock is modestly more volatile than the market and exposed to Consumer Discretionary cyclicality.
• Forensic Balance Sheet (10 / 20): Altman Z is 1.96, Piotroski F is 4/9, and Debt/Equity is 0.85. These readings point to a balance sheet that is under pressure but not the sole driver of the low score.

Taken together, the rating frames LLYVK as a stock where weak profitability and cash flow dominate the risk profile. Upside would depend on operational turnaround evidence, while the valuation tradeoff is that forward P/E of 19 is being paid against negative trailing EPS.

Per the SEC financials, revenue rose from $340.5M in FY 2024 to $382.0M in FY 2025, but both years reported operating and net losses. Per the market data, the gross margin is 19.2%, the operating margin is -13.5%, and the net margin is -22.8%, with ROIC at -5.4%. Per the Roarable RQD rating, the Altman Z-Score is 1.96 and the Piotroski F-Score is 4/9. Debt fell from $1556.4M to $862.2M while cash rose from $402.6M to $545.5M, indicating deleveraging over the reported period.

Per the Butterfly Supply-Chain Graph, the supply chain is recorded as "NONE," with no butterfly links and no proprietary signals. Sector is Consumer Discretionary and industry is Services-Misc. Amusement & Recreation. No upstream or downstream dependencies or sector correlations are identified in the source data.

• What is the company's specific business model and revenue mix beyond its sector classification?
• What drove the reduction in debt from $1556.4M to $862.2M, and what are the maturity and interest terms of the remaining obligations?
• Why are FY 2025 and FY 2024 EPS shown as N/A when net losses are reported?
• What catalysts or operational changes underpin the forward P/E of 19 given negative trailing EPS?
• What is the trailing P/E and EV/EBITDA, which the source data does not provide?