Dolphin Entmt Inc Financials

DLPN

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 19/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Dolphin Entmt Inc has an operating margin of -20.3%, meaning the company retains $-20 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 up from -46.6% the prior year.

Growth

Dolphin Entmt Inc's revenue surged 19.9% year-over-year to $51.7M, reflecting rapid business expansion. This strong growth earns a score of 85/100.

Leverage

Dolphin Entmt Inc has elevated debt relative to equity (D/E of 4.02), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Liquidity

Dolphin Entmt Inc's current ratio of 0.76 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 10/100, which could limit financial flexibility.

Cash Flow

While Dolphin Entmt Inc generated -$158K in operating cash flow, capex of $2K consumed most of it, leaving -$159K in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Neutral

4/9

Dolphin Entmt Inc passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

0.01x

For every $1 of reported earnings, Dolphin Entmt Inc generates $0.01 in operating cash flow (-$158K OCF vs -$12.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-5.0x

Dolphin Entmt Inc earns $-5.0 in operating income for every $1 of interest expense (-$10.5M vs $2.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

This page shows Dolphin Entmt Inc (DLPN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

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Key Financial Metrics

Revenue

$51.7M

YoY+19.9%

5Y CAGR+15.6%

10Y CAGR+38.0%

Dolphin Entmt Inc generated $51.7M in revenue in fiscal year 2024. This represents an increase of 19.9% from the prior year.

EBITDA

-$8.1M

YoY+54.6%

Dolphin Entmt Inc's EBITDA was -$8.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 54.6% from the prior year.

Free Cash Flow

-$159K

YoY+96.8%

Dolphin Entmt Inc generated -$159K in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 96.8% from the prior year.

Net Income

-$12.6M

YoY+48.3%

Dolphin Entmt Inc reported -$12.6M in net income in fiscal year 2024. This represents an increase of 48.3% from the prior year.

EPS (Diluted)

$-1.22

YoY+64.0%

Dolphin Entmt Inc earned $-1.22 per diluted share (EPS) in fiscal year 2024. This represents an increase of 64.0% from the prior year.

Cash & Debt

$8.2M

YoY+27.5%

5Y CAGR+30.2%

10Y CAGR+45.1%

Dolphin Entmt Inc held $8.2M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

11M

YoY+22.5%

5Y CAGR+25.5%

Dolphin Entmt Inc had 11M shares outstanding in fiscal year 2024. This represents an increase of 22.5% from the prior year.

Gross Margin

5.8%

YoY-1.2pp

5Y CAGR-6.2pp

10Y CAGR-86.5pp

Dolphin Entmt Inc's gross margin was 5.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 1.2 percentage points from the prior year.

Operating Margin

-20.3%

YoY+26.3pp

5Y CAGR-4.0pp

10Y CAGR+40.2pp

Dolphin Entmt Inc's operating margin was -20.3% in fiscal year 2024, reflecting core business profitability. This is up 26.3 percentage points from the prior year.

Net Margin

-24.4%

YoY+32.2pp

5Y CAGR-15.1pp

10Y CAGR+66.1pp

Dolphin Entmt Inc's net profit margin was -24.4% in fiscal year 2024, showing the share of revenue converted to profit. This is up 32.2 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$2K

YoY-94.8%

5Y CAGR-57.1%

10Y CAGR-32.2%

Dolphin Entmt Inc invested $2K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 94.8% from the prior year.

DLPN Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$51.7M+19.9%	$43.1M+6.5%	$40.5M+13.4%	$35.7M+48.5%	$24.1M-3.8%	$25.0M
Cost of Revenue	$3.3M+254.3%	$922K-74.1%	$3.6M-8.1%	$3.9M+50.6%	$2.6M-48.9%	$5.0M
Gross Profit	$3.0M0.0%	$3.0M+99999900.0%	$3-100.0%	$3.0M0.0%	$3.0M0.0%	$3.0M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$7.8M-7.6%	$8.4M+28.3%	$6.6M+12.6%	$5.8M+21.0%	$4.8M+26.9%	$3.8M
Operating Income	-$10.5M+47.9%	-$20.1M-339.6%	-$4.6M+16.9%	-$5.5M-110.7%	-$2.6M+36.1%	-$4.1M
Interest Expense	$2.1M-0.2%	$2.1M+141.1%	$865K+10.1%	$785K-63.2%	$2.1M-16.2%	$2.5M
Income Tax	$88K+64.2%	$54K-69.8%	$177K+373.8%	$37K+127.3%	-$137K+67.2%	-$418K
Net Income	-$12.6M+48.3%	-$24.4M-410.4%	-$4.8M+26.0%	-$6.5M-233.2%	-$1.9M+16.7%	-$2.3M
EPS (Diluted)	$-1.22+64.0%	$-3.39-505.4%	$-0.56+34.1%	$-0.85-46.6%	$-0.58+51.7%	$-1.20

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$14.8M+5.0%	$14.1M+15.8%	$12.2M-1.2%	$12.3M+7.6%	$11.4M-24.9%	$15.2M+26.7%	$12.0M+18.0%	$10.2M
Cost of Revenue	$644K-13.2%	$742K+115.5%	$344K-27.7%	$476K+120.3%	$216K-90.7%	$2.3M+671.8%	$301K+62.2%	$185K
Gross Profit	$14.2M+6.0%	$13.3M+12.9%	$11.8M+135.2%	-$33.6M-398.9%	$11.2M-13.0%	$12.9M+147.0%	-$27.5M-374.8%	$10.0M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$2.0M+6.2%	$1.9M+8.5%	$1.8M-16.2%	$2.1M+13.4%	$1.9M-5.7%	$2.0M-17.8%	$2.4M+11.9%	$2.2M
Operating Income	$308K+640.4%	-$57K+96.8%	-$1.8M-28.9%	-$1.4M-22.9%	-$1.1M-780.4%	$165K+102.1%	-$8.0M-278.1%	-$2.1M
Interest Expense	$628K+11.9%	$561K+0.2%	$560K+7.2%	$522K0.0%	$522K+3.7%	$504K-25.0%	$672K+11.1%	$605K
Income Tax	N/A	$22K0.0%	$22K-50.1%	$43K+83.3%	$24K0.0%	$24K+162.4%	-$38K-221.5%	$31K
Net Income	-$365K+74.2%	-$1.4M+39.3%	-$2.3M-18.9%	-$2.0M-20.6%	-$1.6M-397.1%	-$327K+96.6%	-$9.6M-148.6%	-$3.9M
EPS (Diluted)	$-0.03+76.9%	$-0.13+38.1%	$-0.210.0%	$-0.21-23.5%	$-0.17-325.0%	$-0.04+98.0%	$-2.01-265.5%	$-0.55

DLPN Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$58.4M-11.8%	$66.3M-12.1%	$75.4M+42.8%	$52.8M+0.1%	$52.7M+23.9%	$42.6M
Current Assets	$20.1M-3.2%	$20.7M-13.2%	$23.9M+30.5%	$18.3M+31.6%	$13.9M+102.4%	$6.9M
Cash & Equivalents	$8.2M+27.5%	$6.4M+6.0%	$6.1M-21.1%	$7.7M-3.0%	$7.9M+260.8%	$2.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$5.1M	N/A	N/A	N/A	$5.0M+40.4%	$3.6M
Goodwill	$21.5M-14.7%	$25.2M-14.0%	$29.3M+46.4%	$20.0M+2.0%	$19.6M+9.4%	$17.9M
Total Liabilities	$46.8M+1.1%	$46.3M+12.1%	$41.3M+38.3%	$29.9M+0.6%	$29.7M-10.0%	$33.0M
Current Liabilities	$26.5M-3.4%	$27.5M+8.6%	$25.3M+69.1%	$15.0M-11.3%	$16.9M-24.8%	$22.4M
Long-Term Debt	N/A	N/A	$2.5M	N/A	N/A	N/A
Total Equity	$11.6M-41.6%	$20.0M-41.5%	$34.1M+48.6%	$22.9M+16.6%	$19.7M+105.4%	$9.6M
Retained Earnings	-$146.2M-9.4%	-$133.6M-22.3%	-$109.2M-4.6%	-$104.4M-6.6%	-$98.0M-0.8%	-$97.2M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$60.0M+2.3%	$58.6M+0.1%	$58.6M+0.2%	$58.4M-10.9%	$65.6M+0.8%	$65.1M-1.8%	$66.3M+0.8%	$65.7M
Current Assets	$24.5M+10.5%	$22.2M+4.7%	$21.2M+5.5%	$20.1M-15.6%	$23.8M+6.8%	$22.3M+7.4%	$20.7M-17.1%	$25.0M
Cash & Equivalents	$7.8M-9.9%	$8.7M+22.8%	$7.1M-13.6%	$8.2M-5.9%	$8.7M+36.1%	$6.4M-0.4%	$6.4M+0.4%	$6.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$8.5M+37.3%	$6.2M	N/A	$5.1M	N/A	N/A	N/A	N/A
Goodwill	$21.5M0.0%	$21.5M0.0%	$21.5M0.0%	$21.5M-14.7%	$25.2M0.0%	$25.2M0.0%	$25.2M+10.6%	$22.8M
Total Liabilities	$51.5M+1.6%	$50.7M+2.9%	$49.3M+5.3%	$46.8M+3.6%	$45.1M+0.8%	$44.8M-3.3%	$46.3M+8.1%	$42.8M
Current Liabilities	$29.9M+2.5%	$29.1M+2.4%	$28.5M+7.3%	$26.5M+1.9%	$26.0M+1.1%	$25.7M-6.3%	$27.5M+19.5%	$23.0M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$8.4M+6.7%	$7.9M-15.2%	$9.3M-20.0%	$11.6M-43.0%	$20.4M+0.8%	$20.3M+1.6%	$20.0M-12.8%	$22.9M
Retained Earnings	-$150.3M-0.2%	-$150.0M-1.0%	-$148.5M-1.6%	-$146.2M-7.9%	-$135.6M-1.2%	-$133.9M-0.2%	-$133.6M-7.7%	-$124.0M

DLPN Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$158K+96.9%	-$5.0M-24.6%	-$4.0M-205.4%	-$1.3M+12.5%	-$1.5M+48.2%	-$2.9M
Capital Expenditures	$2K-94.8%	$29K-59.8%	$72K	N/A	$77K-25.3%	$103K
Free Cash Flow	-$159K+96.8%	-$5.0M-23.1%	-$4.1M	N/A	-$1.6M+47.4%	-$3.0M
Investing Cash Flow	-$2.5M+45.8%	-$4.5M+42.7%	-$7.9M-161.7%	-$3.0M-119.9%	-$1.4M-53.1%	-$898K
Financing Cash Flow	$4.2M-57.8%	$9.9M-9.1%	$10.9M+177.2%	$3.9M-54.3%	$8.6M+1859.4%	$439K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	-$2.4M-259.8%	$1.5M+188.4%	-$1.7M-300.4%	$850K-53.9%	$1.8M+255.9%	-$1.2M-850.2%	-$125K+93.0%	-$1.8M
Capital Expenditures	$29	$0-100.0%	$1K+54300.0%	$2	N/A	N/A	$7K-42.9%	$12K
Free Cash Flow	-$2.4M-259.8%	$1.5M+188.3%	-$1.7M-300.5%	$850K	N/A	N/A	-$132K+92.7%	-$1.8M
Investing Cash Flow	-$29	$0+100.0%	-$1K-54300.0%	-$2	N/A	N/A	-$4.5M-36190.6%	-$12K
Financing Cash Flow	$1.5M+1351.8%	$106K-81.9%	$586K-65.4%	$1.7M+4.1%	$1.6M+43.3%	$1.1M-45.2%	$2.1M-45.5%	$3.8M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

DLPN Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	5.8%-1.2pp	7.0%+7.0pp	0.0%-8.4pp	8.4%-4.1pp	12.5%+0.5pp	12.0%
Operating Margin	-20.3%+26.3pp	-46.6%-35.3pp	-11.3%+4.1pp	-15.4%-4.5pp	-10.9%+5.5pp	-16.3%
Net Margin	-24.4%+32.2pp	-56.6%-44.8pp	-11.8%+6.3pp	-18.1%-10.0pp	-8.1%+1.2pp	-9.3%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-21.6%+15.3pp	-36.8%-30.5pp	-6.3%+5.9pp	-12.2%-8.6pp	-3.7%+1.8pp	-5.5%
Current Ratio	0.760.0	0.75-0.2	0.94-0.3	1.22+0.4	0.82+0.5	0.31
Debt-to-Equity	4.02+1.7	2.32+2.2	0.07-1.2	1.30-0.2	1.51-1.9	3.45
FCF Margin	-0.3%+11.4pp	-11.7%-1.6pp	-10.1%	N/A	-6.6%+5.5pp	-12.0%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	95.7%+0.9pp	94.7%-2.4pp	97.2%+369.8pp	-272.6%-370.7pp	98.1%+13.3pp	84.8%+313.3pp	-228.6%-326.8pp	98.2%
Operating Margin	2.1%+2.5pp	-0.4%+14.2pp	-14.6%-3.4pp	-11.2%-1.4pp	-9.8%-10.9pp	1.1%+67.5pp	-66.4%-45.7pp	-20.7%
Net Margin	-2.5%+7.6pp	-10.0%+9.1pp	-19.1%-3.2pp	-15.9%-1.7pp	-14.2%-12.0pp	-2.1%+77.8pp	-79.9%-42.0pp	-37.9%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-0.6%+1.8pp	-2.4%+1.6pp	-4.0%-0.6pp	-3.4%-0.9pp	-2.5%-2.0pp	-0.5%+14.0pp	-14.5%-8.6pp	-5.9%
Current Ratio	0.82+0.1	0.76+0.0	0.74-0.0	0.76-0.2	0.91+0.0	0.86+0.1	0.75-0.3	1.09
Debt-to-Equity	6.11-0.3	6.42+1.1	5.29+1.3	4.02+1.8	2.210.0	2.21-0.1	2.32+0.4	1.87
FCF Margin	-16.3%-27.0pp	10.7%+24.7pp	-14.0%-20.9pp	6.9%	N/A	N/A	-1.1%+16.6pp	-17.7%

Note: The current ratio is below 1.0 (0.76), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Dolphin Entmt Inc's annual revenue?

Dolphin Entmt Inc (DLPN) reported $51.7M in total revenue for fiscal year 2024. This represents a 19.9% 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 Dolphin Entmt Inc's revenue growing?

Dolphin Entmt Inc (DLPN) revenue grew by 19.9% year-over-year, from $43.1M to $51.7M in fiscal year 2024.

Is Dolphin Entmt Inc profitable?

No, Dolphin Entmt Inc (DLPN) reported a net income of -$12.6M in fiscal year 2024, with a net profit margin of -24.4%.

What is Dolphin Entmt Inc's earnings per share (EPS)?

Dolphin Entmt Inc (DLPN) reported diluted earnings per share of $-1.22 for fiscal year 2024. This represents a 64.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Dolphin Entmt Inc's EBITDA?

Dolphin Entmt Inc (DLPN) had EBITDA of -$8.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Dolphin Entmt Inc's gross margin?

Dolphin Entmt Inc (DLPN) had a gross margin of 5.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Dolphin Entmt Inc's operating margin?

Dolphin Entmt Inc (DLPN) had an operating margin of -20.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Dolphin Entmt Inc's net profit margin?

Dolphin Entmt Inc (DLPN) had a net profit margin of -24.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Dolphin Entmt Inc's free cash flow?

Dolphin Entmt Inc (DLPN) generated -$159K in free cash flow during fiscal year 2024. This represents a 96.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Dolphin Entmt Inc's operating cash flow?

Dolphin Entmt Inc (DLPN) generated -$158K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Dolphin Entmt Inc's total assets?

Dolphin Entmt Inc (DLPN) had $58.4M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Dolphin Entmt Inc's capital expenditures?

Dolphin Entmt Inc (DLPN) invested $2K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Dolphin Entmt Inc have outstanding?

Dolphin Entmt Inc (DLPN) had 11M shares outstanding as of fiscal year 2024.

What is Dolphin Entmt Inc's current ratio?

Dolphin Entmt Inc (DLPN) had a current ratio of 0.76 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Dolphin Entmt Inc's debt-to-equity ratio?

Dolphin Entmt Inc (DLPN) had a debt-to-equity ratio of 4.02 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Dolphin Entmt Inc's return on assets (ROA)?

Dolphin Entmt Inc (DLPN) had a return on assets of -21.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Dolphin Entmt Inc's cash runway?

Based on fiscal year 2024 data, Dolphin Entmt Inc (DLPN) had $8.2M in cash against an annual operating cash burn of $158K. This gives an estimated cash runway of approximately 624 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 Dolphin Entmt Inc's Piotroski F-Score?

Dolphin Entmt Inc (DLPN) has a Piotroski F-Score of 4 out of 9, indicating neutral 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Dolphin Entmt Inc's earnings high quality?

Dolphin Entmt Inc (DLPN) has an earnings quality ratio of 0.01x, 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 Dolphin Entmt Inc cover its interest payments?

Dolphin Entmt Inc (DLPN) has an interest coverage ratio of -5.0x, 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 Dolphin Entmt Inc?

Dolphin Entmt Inc (DLPN) scores 19 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.