Cineverse Corp Financials
This page shows Cineverse Corp (CNVS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Cineverse’s FY2025 rebound shows a fixed-cost business where revenue recovery quickly flips losses into cash profit.
Revenue rebounded from$49.1M in FY2024 to$78.2M in FY2025, while SG&A stayed nearly flat. That let fixed-cost absorption do the heavy lifting, and the rebound looks higher quality because operating cash flow reached$17.4M versus net income of$3.8M .
The business looked more financing-dependent through FY2024, but FY2025 was a self-funded liquidity year: cash rose to
Cash conversion was helped by working-capital discipline: accounts receivable were roughly steady at
Financial Health Signals
Based on FY2026 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Cineverse Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Cineverse Corp has an operating margin of -23.1%, meaning the company retains $-23 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 10.1% the prior year.
Cineverse Corp's revenue declined 15.9% year-over-year, from $78.2M to $65.7M. This contraction results in a growth score of 59/100.
Cineverse Corp has a moderate D/E ratio of 1.96. This balance of debt and equity financing earns a leverage score of 62/100.
Cineverse Corp's current ratio of 0.81 is below the typical benchmark, resulting in a score of 11/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Cineverse Corp generates a -19.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from 9.7% the prior year.
Cineverse Corp passes 0 of 9 financial strength tests. No profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Cineverse Corp generates $3.06 in operating cash flow (-$26.5M OCF vs -$8.7M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Cineverse Corp earns $-33.2 in operating income for every $1 of interest expense (-$15.2M vs $457K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Cineverse Corp generated $65.7M in revenue in fiscal year 2026. This represents a decrease of 15.9% from the prior year.
Cineverse Corp's EBITDA was -$9.2M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 178.4% from the prior year.
Cineverse Corp reported -$8.7M in net income in fiscal year 2026. This represents a decrease of 330.0% from the prior year.
Cineverse Corp earned $-0.49 per diluted share (EPS) in fiscal year 2026. This represents a decrease of 406.3% from the prior year.
Cash & Balance Sheet
Cineverse Corp held $3.4M in cash against $0 in long-term debt as of fiscal year 2026.
Cineverse Corp had 23M shares outstanding in fiscal year 2026.
Margins & Returns
Cineverse Corp's operating margin was -23.1% in fiscal year 2026, reflecting core business profitability. This is down 33.2 percentage points from the prior year.
Cineverse Corp's net profit margin was -13.2% in fiscal year 2026, showing the share of revenue converted to profit. This is down 18.0 percentage points from the prior year.
Cineverse Corp's ROE was -19.5% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is down 29.2 percentage points from the prior year.
Capital Allocation
Cineverse Corp spent $0 on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.
CNVS Income Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $26.0M+59.5% | $16.3M+31.8% | $12.4M+11.1% | $11.1M-28.6% | $15.6M-61.8% | $40.7M+219.8% | $12.7M+39.6% | $9.1M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $12.3M+14.7% | $10.7M-6.3% | $11.4M+27.4% | $9.0M+65.9% | $5.4M-42.4% | $9.4M+47.1% | $6.4M-3.0% | $6.6M |
| Operating Income | -$5.4M-721.3% | -$656K+87.9% | -$5.4M-46.1% | -$3.7M-274.0% | $2.1M-77.5% | $9.4M+1195.9% | -$861K+69.0% | -$2.8M |
| Interest Expense | -$393K-101.5% | -$195K-32.7% | -$147K-152.9% | $278K-77.8% | $1.3M-46.4% | $2.3M+595.0% | $337K-21.8% | $431K |
| Income Tax | -$2.9M-15342.1% | $19K-5.0% | $20K+42.9% | $14K-83.9% | $87K+1350.0% | $6K0.0% | $6K-14.3% | $7K |
| Net Income | $1.3M+246.2% | -$875K+84.2% | -$5.5M-57.7% | -$3.5M-510.7% | $856K-88.0% | $7.2M+695.3% | -$1.2M+60.6% | -$3.0M |
| EPS (Diluted) | N/A | $-0.05+83.9% | $-0.31-47.6% | $-0.21 | N/A | $0.34+477.8% | $-0.09+55.0% | $-0.20 |
CNVS Balance Sheet
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $130.3M+90.0% | $68.6M+10.7% | $61.9M+0.7% | $61.5M-15.1% | $72.5M-10.0% | $80.5M+32.9% | $60.6M-2.8% | $62.3M |
| Current Assets | $50.8M+73.7% | $29.2M+25.7% | $23.3M-6.5% | $24.9M-34.7% | $38.1M-24.6% | $50.5M+67.3% | $30.2M-4.3% | $31.5M |
| Cash & Equivalents | $3.4M+37.6% | $2.5M+5.4% | $2.3M+17.7% | $2.0M-85.8% | $13.9M+129.2% | $6.1M+150.4% | $2.4M-38.6% | $4.0M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $38.6M+121.9% | $17.4M+26.6% | $13.7M-14.5% | $16.1M+2.0% | $15.8M-53.6% | $33.9M+129.1% | $14.8M+59.9% | $9.3M |
| Goodwill | $21.2M+212.1% | $6.8M0.0% | $6.8M0.0% | $6.8M0.0% | $6.8M0.0% | $6.8M0.0% | $6.8M0.0% | $6.8M |
| Total Liabilities | $86.9M+181.9% | $30.8M+24.4% | $24.8M-2.3% | $25.4M-26.9% | $34.7M-21.2% | $44.1M+38.6% | $31.8M-3.3% | $32.9M |
| Current Liabilities | $63.0M+105.6% | $30.6M+25.0% | $24.5M-2.4% | $25.1M-27.0% | $34.4M-21.3% | $43.7M+39.4% | $31.4M-3.2% | $32.4M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $44.3M+14.9% | $38.6M+1.4% | $38.0M+2.6% | $37.1M-4.3% | $38.8M+3.5% | $37.4M+25.6% | $29.8M-2.4% | $30.5M |
| Retained Earnings | -$510.1M+0.2% | -$511.2M-0.2% | -$510.2M-1.1% | -$504.6M-0.7% | -$500.9M+0.2% | -$501.7M+1.4% | -$508.7M-0.3% | -$507.3M |
CNVS Cash Flow Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$3.2M-97.7% | -$1.6M+77.5% | -$7.2M+50.6% | -$14.5M-216.9% | $12.4M+68.5% | $7.4M+8775.3% | -$85K+96.4% | -$2.3M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$12.9M-2133.3% | -$577K+31.4% | -$841K-5156.3% | -$16K-180.0% | $20K-87.9% | $165K+117.0% | -$971K-743.0% | $151K |
| Financing Cash Flow | $17.0M+648.4% | $2.3M-72.9% | $8.4M+226.9% | $2.6M+156.0% | -$4.6M-18.4% | -$3.9M-739.0% | -$462K-149.9% | $925K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0 | $0 | $0 | $0 | $0 | $0-100.0% | $27K-85.6% | $188K |
CNVS Financial Ratios
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -20.8%-16.7pp | -4.0%+39.8pp | -43.8%-10.5pp | -33.3%-46.9pp | 13.7%-9.5pp | 23.2%+29.9pp | -6.8%+23.7pp | -30.4% |
| Net Margin | 4.9%+10.3pp | -5.4%+39.5pp | -44.9%-13.3pp | -31.6%-37.1pp | 5.5%-12.1pp | 17.6%+27.0pp | -9.4%+24.0pp | -33.4% |
| Return on Equity | 2.9%+5.2pp | -2.3%+12.3pp | -14.6%-5.1pp | -9.5%-11.7pp | 2.2%-16.9pp | 19.1%+23.2pp | -4.0%+6.0pp | -10.0% |
| Return on Assets | 1.0%+2.3pp | -1.3%+7.7pp | -8.9%-3.2pp | -5.7%-6.9pp | 1.2%-7.7pp | 8.9%+10.9pp | -2.0%+2.9pp | -4.9% |
| Current Ratio | 0.81-0.1 | 0.950.0 | 0.95-0.0 | 0.99-0.1 | 1.11-0.0 | 1.15+0.2 | 0.96-0.0 | 0.97 |
| Debt-to-Equity | 1.96+1.2 | 0.80+0.1 | 0.65-0.0 | 0.68-0.2 | 0.90-0.3 | 1.18+0.1 | 1.07-0.0 | 1.08 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: The current ratio is below 1.0 (0.81), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Cineverse Corp's annual revenue?
Cineverse Corp (CNVS) reported $65.7M in total revenue for fiscal year 2026. This represents a -15.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Cineverse Corp's revenue growing?
Cineverse Corp (CNVS) revenue declined by 15.9% year-over-year, from $78.2M to $65.7M in fiscal year 2026.
Is Cineverse Corp profitable?
No, Cineverse Corp (CNVS) reported a net income of -$8.7M in fiscal year 2026, with a net profit margin of -13.2%.
What is Cineverse Corp's EBITDA?
Cineverse Corp (CNVS) had EBITDA of -$9.2M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
What is Cineverse Corp's operating margin?
Cineverse Corp (CNVS) had an operating margin of -23.1% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Cineverse Corp's net profit margin?
Cineverse Corp (CNVS) had a net profit margin of -13.2% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Cineverse Corp's return on equity (ROE)?
Cineverse Corp (CNVS) has a return on equity of -19.5% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Cineverse Corp's operating cash flow?
Cineverse Corp (CNVS) generated -$26.5M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Cineverse Corp's total assets?
Cineverse Corp (CNVS) had $130.3M in total assets as of fiscal year 2026, including both current and long-term assets.
What is Cineverse Corp's current ratio?
Cineverse Corp (CNVS) had a current ratio of 0.81 as of fiscal year 2026, which is below 1.0, which may suggest potential liquidity concerns.
What is Cineverse Corp's debt-to-equity ratio?
Cineverse Corp (CNVS) had a debt-to-equity ratio of 1.96 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Cineverse Corp's return on assets (ROA)?
Cineverse Corp (CNVS) had a return on assets of -6.6% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Cineverse Corp's cash runway?
Based on fiscal year 2026 data, Cineverse Corp (CNVS) had $3.4M in cash against an annual operating cash burn of $26.5M. This gives an estimated cash runway of approximately 2 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Cineverse Corp's Piotroski F-Score?
Cineverse Corp (CNVS) has a Piotroski F-Score of 0 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Cineverse Corp's earnings high quality?
Cineverse Corp (CNVS) has an earnings quality ratio of 3.06x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Cineverse Corp cover its interest payments?
Cineverse Corp (CNVS) has an interest coverage ratio of -33.2x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Cineverse Corp?
Cineverse Corp (CNVS) scores 22 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.