Lionsgate studios (LION) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 11, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q1 FY2027, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the LION SEC filings page.
Lionsgate studios (LION) reported $2.9B in revenue over the twelve months to Jun 30, 2026, up 9.9% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).
Operating recovery is visible, but heavy financing obligations and thin working capital still keep accounting earnings below break-even.
FY2026's operating recovery produced operating income of$97.1M and free cash flow of$11.4M , but the modest cash surplus shows little excess after reinvestment. Net income was-$198.3M against interest expense of$259.7M , so financing costs still overwhelmed operating profit.
Balance-sheet leverage is the deeper constraint: in FY2026, liabilities of
Cash conversion has been volatile rather than steadily self-funding: operating cash flow moved from
Financial Health Signals
Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Lionsgate studios'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.
Lionsgate studios has an operating margin of 3.7%, meaning the company retains $4 of operating profit per $100 of revenue. This results in a moderate score of 36/100, indicating healthy but not exceptional operating efficiency. This is up from -0.7% the prior year.
Lionsgate studios's revenue grew a modest 1.8% year-over-year to $2.6B. This slow but positive growth earns a score of 44/100.
Lionsgate studios's current ratio of 0.49 is below the typical benchmark, resulting in a score of 4/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Lionsgate studios's free cash flow margin of 0.4% results in a low score of 29/100. Capital expenditures of $13.4M absorb a large share of operating cash flow.
Lionsgate studios scores -0.46, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($3.4B) relative to total liabilities ($6.4B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Lionsgate studios passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
Lionsgate studios reported a net loss of $198.3M while generating $24.8M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Lionsgate studios earns $0.37 in operating income for every $1 of interest expense ($97.1M vs $259.7M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Lionsgate studios generated $776.6M in revenue in Q1 2027. This represents an increase of 47.7% from the same quarter a year earlier. Against the prior quarter it is down 14.3%.
Lionsgate studios's EBITDA was $30.0M in Q1 2027, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 583.9% from the same quarter a year earlier. Against the prior quarter it is down 75.4%.
Lionsgate studios reported -$28.8M in net income in Q1 2027. This represents an increase of 73.6% from the same quarter a year earlier. Against the prior quarter it is down 141.0%.
Lionsgate studios earned -$0.10 per diluted share (EPS) in Q1 2027. This represents an increase of 75.0% from the same quarter a year earlier. Against the prior quarter it is down 140.0%.
Cash & Balance Sheet
Lionsgate studios generated $51.2M in free cash flow in Q1 2027, representing cash available after capex. This represents an increase of 248.4% from the same quarter a year earlier. Against the prior quarter it is down 80.7%.
Lionsgate studios held $425.8M in cash against $1.7B in long-term debt as of Q1 2027.
Not reported for Q1 2027.
Margins & Returns
Lionsgate studios's operating margin was 3.3% in Q1 2027, reflecting core business profitability. This is up 5.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 9.7 percentage points.
Lionsgate studios's net profit margin was -3.7% in Q1 2027, showing the share of revenue converted to profit. This is up 17.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 11.5 percentage points.
Not reported for Q1 2027.
Not reported for Q1 2027.
Capital Allocation
Lionsgate studios invested $2.9M in capex in Q1 2027, funding long-term assets and infrastructure. This represents a decrease of 17.1% from the same quarter a year earlier. Against the prior quarter it is down 21.6%.
Not reported for Q1 2027.
Not reported for Q1 2027.
LION Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $776.6M+47.7% | $906.5M+4.7% | $724.3M+15.3% | $475.1M-21.3% | $525.9M+8.0% | $865.6M | $628.2M | $604.0M |
| SG&A Expenses | $124.9M+77.9% | $145.6M+64.3% | $94.1M+9.8% | $88.1M+0.6% | $70.2M-26.8% | $88.6M | $85.7M | $87.6M |
| Operating Income | $25.6M+341.5% | $117.7M+52.1% | $36.0M+30.0% | -$46.0M+54.3% | -$10.6M+52.9% | $77.4M | $27.7M | -$100.7M |
| EBITDA | $30.0M+583.9% | $122.1M+48.9% | $40.4M+25.9% | -$41.6M+56.9% | -$6.2M+65.4% | $82.0M | $32.1M | -$96.5M |
| Interest Expense | $56.9M-17.2% | $58.7M-11.9% | $65.0M+2.0% | $67.3M-0.9% | $68.7M+8.2% | $66.6M | $63.7M | $67.9M |
| Income Tax | $7.8M+21.9% | $1.3M-61.8% | $6.7M+55.8% | $1.8M-53.8% | $6.4M+14.3% | $3.4M | $4.3M | $3.9M |
| Net Income | -$28.8M+73.6% | $70.3M+159.9% | -$46.2M-111.0% | -$113.5M+30.5% | -$108.9M-83.3% | -$117.4M | -$21.9M | -$163.3M |
| EPS (Basic) | -$0.10+75.0% | $0.25+156.8% | -$0.16-77.8% | -$0.39+40.9% | -$0.40-66.7% | -$0.44 | -$0.09 | -$0.66 |
| EPS (Diluted) | -$0.10+75.0% | $0.25+156.8% | -$0.16-77.8% | -$0.39+40.9% | -$0.40-66.7% | -$0.44 | -$0.09 | -$0.66 |
| Diluted Shares (Avg) | 292M+7.1% | N/A | 290M+15.9% | 289M+16.0% | 272M+10.9% | N/A | 250M | 249M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
LION Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.3B+3.3% | $5.3B-21.9% | $5.2B | $5.2B | $5.2B | $6.8B+33.7% | N/A | N/A |
| Current Assets | $1.5B+3.6% | $1.5B+20.4% | $1.3B | $1.3B | $1.4B | $1.2B-9.9% | N/A | N/A |
| Cash & Equivalents | $425.8M+128.8% | $341.5M+60.7% | $182.4M | $202.4M | $186.1M | $212.5M-23.3% | N/A | N/A |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | N/A | N/A |
| Accounts Receivable | $665.9M-20.2% | $784.8M+34.0% | $772.2M | $725.0M | $834.7M | $585.6M-15.0% | N/A | N/A |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | N/A | N/A |
| Goodwill | $846.8M+0.3% | $846.8M+4.7% | $846.8M | $845.2M | $844.1M | $808.5M-0.3% | N/A | N/A |
| Total Liabilities | $6.4B+3.7% | $6.4B-10.0% | $6.4B | $6.3B | $6.2B | $7.1B+15.5% | N/A | N/A |
| Current Liabilities | $3.3B+6.1% | $3.0B-12.1% | $2.9B | $2.8B | $3.1B | $3.5B-4.8% | N/A | N/A |
| Non-Current Liabilities | $3.1B+1.2% | $3.3B-7.9% | $3.5B | $3.5B | $3.0B | $3.6B+45.3% | N/A | N/A |
| Long-Term Debt | $1.7B+13.8% | $1.8B-3.3% | $1.8B | $1.8B | $1.5B | $1.8B+99.2% | N/A | N/A |
| Total Equity | -$1.2B-4.6% | -$1.2B-350.7% | -$1.3B-398.4% | -$1.3B-461.6% | -$1.1B-2242.7% | -$264.7M+77.0% | -$256.1M | -$224.6M |
| Retained Earnings | -$3.8B-3.3% | -$3.7B-5.6% | -$3.8B | -$3.8B | -$3.6B | -$3.5B-182.9% | N/A | N/A |
Not reported in any period shown, so not listed: Inventory.
LION Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $54.1M+274.5% | $268.7M+38.7% | -$108.9M+8.3% | -$104.0M-26.8% | -$31.0M+80.5% | $193.7M | -$118.8M | -$82.0M |
| Depreciation & Amortization | $4.4M0.0% | $4.4M-4.3% | $4.4M0.0% | $4.4M+4.8% | $4.4M-4.3% | $4.6M | $4.4M | $4.2M |
| Stock-Based Compensation | $41.1M+2317.6% | N/A | $25.1M+75.5% | $21.3M+57.8% | $1.7M-87.3% | N/A | $14.3M | $13.5M |
| Capital Expenditures | $2.9M-17.1% | $3.7M+2.8% | $3.0M+130.8% | $3.2M-28.9% | $3.5M-14.6% | $3.6M | $1.3M | $4.5M |
| Free Cash Flow | $51.2M+248.4% | $265.0M+39.4% | -$111.9M+6.8% | -$107.2M-23.9% | -$34.5M+78.8% | $190.1M | -$120.1M | -$86.5M |
| Investing Cash Flow | -$2.8M-47.4% | -$100K+98.5% | -$3.0M+3.2% | -$3.7M-232.1% | -$1.9M+95.9% | -$6.7M | -$3.1M | $2.8M |
| Financing Cash Flow | $29.9M+795.3% | -$95.8M+35.4% | $71.7M-22.7% | $139.2M+12.4% | -$4.3M-105.7% | -$148.2M | $92.7M | $123.8M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
LION Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 3.3%+5.3pp | 13.0%+4.0pp | 5.0%+0.6pp | -9.7%+7.0pp | -2.0%+2.6pp | 8.9% | 4.4% | -16.7% |
| Net Margin | -3.7%+17.0pp | 7.8%+21.3pp | -6.4%-2.9pp | -23.9%+3.1pp | -20.7%-8.5pp | -13.6% | -3.5% | -27.0% |
| Return on Assets | -0.5%+1.6pp | 1.3%+3.0pp | -0.9% | -2.2% | -2.1% | -1.7% | N/A | N/A |
| Current Ratio | 0.440.0x | 0.49+0.1x | 0.46 | 0.46 | 0.45 | 0.360.0x | N/A | N/A |
| Asset Turnover | 0.150.0x | 0.170.0x | 0.14 | 0.09 | 0.10 | 0.13 | N/A | N/A |
| FCF Margin | 6.6%+13.2pp | 29.2%+7.3pp | -15.4%+3.7pp | -22.6%-8.2pp | -6.6%+26.9pp | 22.0% | -19.1% | -14.3% |
Not reported in any period shown, so not listed: Gross Margin, Return on Equity, Debt-to-Equity.
Note: Shareholder equity is negative (-$1.2B), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.49), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Where Lionsgate studios Ranks
Frequently Asked Questions
What is Lionsgate studios's annual revenue?
Lionsgate studios (LION) reported $2.6B in total revenue for fiscal year 2026. This represents a 1.8% 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 Lionsgate studios's revenue growing?
Lionsgate studios (LION) revenue grew by 1.8% year-over-year, from $2.6B to $2.6B in fiscal year 2026.
Is Lionsgate studios profitable?
No, Lionsgate studios (LION) reported a net income of -$198.3M in fiscal year 2026, with a net profit margin of -7.5%.
What is Lionsgate studios's EBITDA?
Lionsgate studios (LION) had EBITDA of $114.7M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Lionsgate studios have?
As of fiscal year 2026, Lionsgate studios (LION) had $341.5M in cash and equivalents against $1.8B in long-term debt.
What is Lionsgate studios's operating margin?
Lionsgate studios (LION) had an operating margin of 3.7% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Lionsgate studios's net profit margin?
Lionsgate studios (LION) had a net profit margin of -7.5% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Lionsgate studios's free cash flow?
Lionsgate studios (LION) generated $11.4M in free cash flow during fiscal year 2026. This represents a 106.4% 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 Lionsgate studios's operating cash flow?
Lionsgate studios (LION) generated $24.8M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Lionsgate studios's total assets?
Lionsgate studios (LION) had $5.3B in total assets as of fiscal year 2026, including both current and long-term assets.
What are Lionsgate studios's capital expenditures?
Lionsgate studios (LION) invested $13.4M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
What is Lionsgate studios's current ratio?
Lionsgate studios (LION) had a current ratio of 0.49 as of fiscal year 2026, which is below 1.0, which may suggest potential liquidity concerns.
What is Lionsgate studios's return on assets (ROA)?
Lionsgate studios (LION) had a return on assets of -3.7% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Lionsgate studios's P/E ratio?
Lionsgate studios (LION) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $3.4B as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Lionsgate studios's price-to-sales ratio?
Lionsgate studios (LION) trades at 1.2x sales, its market capitalization divided by revenue of $2.9B revenue, trailing 12 months to June 30, 2026. The market capitalization is $3.4B as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Why is Lionsgate studios's debt-to-equity ratio negative or not reported?
Lionsgate studios (LION) has negative shareholder equity of -$1.2B as of fiscal year 2026, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Lionsgate studios's Altman Z-Score?
Lionsgate studios (LION) has an Altman Z-Score of -0.46, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Lionsgate studios's Piotroski F-Score?
Lionsgate studios (LION) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 Lionsgate studios's earnings high quality?
Lionsgate studios (LION) reported a net loss of $198.3M while generating $24.8M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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 Lionsgate studios cover its interest payments?
Lionsgate studios (LION) has an interest coverage ratio of 0.37x, 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 Lionsgate studios?
Lionsgate studios (LION) scores 24 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.