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Paranovus Entertainment Technology Financials

PAVS
FY2026 annual
Revenue $14.6M +20310.9% YoY
Net Income -$12.7M -61.3% YoY
EPS (Diluted) -$8485.00 YoY not available
Free Cash Flow -$1.4M +47.6% YoY
Source SEC Filings (10-K/10-Q) Latest period FY2026, ended Mar 31, 2026 Reported Currency USD FYE March

Paranovus Entertainment Technology (PAVS) reported $14.6M in revenue for fiscal year 2026, up 20310.9% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 9 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).

Rhea AI PAVS FY2026

Revenue recovery is being absorbed by a cost base that still produces operating losses, while financing supports cash needs.

The move from $71.5K of FY2025 revenue to $14.6M in FY2026 marks a sharp change in reported scale rather than a smooth growth path. Yet operating margin was -100.4%, showing that revived volume has not yet absorbed the cost structure.

The earnings-to-cash gap is unusually wide: net loss was -$12.7M while operating cash flow was -$1.4M, indicating that reported profit was pulled down by items not consuming operating cash in the same period. Free cash flow matched operating cash flow because capital expenditures were $0, so reinvestment was not the current source of cash pressure.

Liabilities were $3.9M against $36.9M of assets, leaving a comparatively light balance-sheet burden. A current ratio of 8.2x coexisted with a $15.6M financing inflow and negative operating cash flow, suggesting funding—not operations—carried the period’s cash movement.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 40 / 100
Financial Health Score 40/100

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 Paranovus Entertainment Technology'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.

Profitability
26

Paranovus Entertainment Technology's reported operating margin for fiscal year 2026 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 26/100.

Growth
3

Paranovus Entertainment Technology's revenue surged 20310.9% year-over-year to $14.6M, reflecting rapid business expansion. This strong growth earns a score of 3/100.

Leverage
79

Paranovus Entertainment Technology carries a low D/E ratio of 0.12, meaning only $0.12 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 79/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
95

With a current ratio of 8.18, Paranovus Entertainment Technology holds $8.18 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 95/100.

Cash Flow
11

Paranovus Entertainment Technology's operations used $1.4M of cash, and capex of $0 added to the outflow, for a free cash flow shortfall of $1.4M. This results in a cash flow score of 11/100.

Returns
25

Paranovus Entertainment Technology posts a -40.8% return on equity (ROE), meaning it loses $41 for every $100 of shareholders' equity. This results in a returns score of 25/100. This is down from -32.5% the prior year.

Altman Z-Score Distress
-2.85

Paranovus Entertainment Technology scores -2.85, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($4.1M) relative to total liabilities ($3.9M). 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.

Piotroski F-Score Partial
5/8

Paranovus Entertainment Technology passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality No Cash Backing
N/A

Paranovus Entertainment Technology reported a net loss of $12.7M while operations used $1.4M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk
N/A

Paranovus Entertainment Technology reported an operating loss of $14.7M against $263K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue
$14.6M
YoY+20310.9%
5Y CAGR-27.2%

Paranovus Entertainment Technology generated $14.6M in revenue in fiscal year 2026. This represents an increase of 20310.9% from the prior year.

EBITDA
-$12.6M
YoY-96.7%

Paranovus Entertainment Technology's EBITDA was -$12.6M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 96.7% from the prior year.

Net Income
-$12.7M
YoY-61.3%

Paranovus Entertainment Technology reported -$12.7M in net income in fiscal year 2026. This represents a decrease of 61.3% from the prior year.

EPS (Diluted)
-$8485.00

Paranovus Entertainment Technology earned -$8485.00 per diluted share (EPS) in fiscal year 2026.

Cash & Balance Sheet

Free Cash Flow
-$1.4M
YoY+47.6%

Paranovus Entertainment Technology recorded an outflow of $1.4M in free cash flow in fiscal year 2026, representing a cash shortfall after capex. This represents an increase of 47.6% from the prior year.

Cash & Debt
$10.3M
YoY+3840.1%
5Y CAGR-22.4%

Paranovus Entertainment Technology held $10.3M in cash as of fiscal year 2026; long-term debt is not reported for that period.

Shares Outstanding
78,732

Paranovus Entertainment Technology had 78,732 shares outstanding in fiscal year 2026.

Dividends Per Share

Not reported for fiscal year 2026.

Margins & Returns

Gross Margin
16.5%
YoY+3.9pp

Paranovus Entertainment Technology's gross margin was 16.5% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 3.9 percentage points from the prior year.

Net Margin
-87.2%

Paranovus Entertainment Technology's net profit margin was -87.2% in fiscal year 2026, showing the share of revenue converted to profit. No change is given against fiscal year 2025: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Return on Equity
-40.8%
YoY-8.2pp
5Y CAGR-41.6pp

Paranovus Entertainment Technology's ROE was -40.8% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is down 8.2 percentage points from the prior year.

Operating Margin

Not shown for fiscal year 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Capital Allocation

Capital Expenditures
$0

Paranovus Entertainment Technology reported no capital expenditure in fiscal year 2026.

R&D Spending

Not reported for fiscal year 2026.

Share Buybacks

Not reported for fiscal year 2026.

PAVS Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

PAVS quarterly income statement
MetricQ4'26Q2'26Q4'25Q2'25Q4'24Q2'24Q4'23Q2'23

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, Interest Expense, Income Tax, Net Income, EPS (Diluted).

PAVS Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

PAVS quarterly balance sheet
MetricQ4'26Q2'26Q4'25Q2'25Q4'24Q2'24Q4'23Q2'23
Total Assets$36.9M-1.1%$37.3M+4.9%$35.6M+6.4%$33.4M+332.6%$7.7M-30.8%$11.2M-69.3%$36.3M-52.2%$76.0M
Current Assets$20.2M+106.9%$9.8M+35.9%$7.2M-75.0%$28.8M+908.6%$2.9M+44.6%$2.0M-79.8%$9.8M-78.5%$45.5M
Cash & Equivalents$10.3M+2399.2%$412K+57.7%$261K+148.8%$105K-69.3%$342K-67.0%$1.0M-52.9%$2.2M-80.5%$11.3M
Inventory$119K-80.0%$594K-9.1%$653KN/A$0-100.0%$15K-95.7%$335K-79.4%$1.6M
Accounts Receivable$437K-77.9%$2.0M$0N/A$11K-31.2%$17K$0-100.0%$24.8M
Goodwill$10.9M-37.5%$17.5M0.0%$17.5M+418.4%$3.4M0.0%$3.4M-34.9%$5.2M0.0%$5.2M-41.5%$8.9M
Total Liabilities$3.9M-56.5%$8.9M+34.9%$6.6M+90.3%$3.4M+34.7%$2.6M+419.3%$493K-97.8%$22.5M-8.0%$24.4M
Current Liabilities$2.5M-70.9%$8.5M+32.8%$6.4M+94.7%$3.3M+28.5%$2.6M+419.3%$493K-97.6%$21.0M-7.4%$22.6M
Total Equity$31.2M+32.4%$23.6M-2.7%$24.3M-19.1%$30.0M+437.4%$5.6M-47.7%$10.7M-23.0%$13.9M-74.3%$54.1M
Retained Earnings-$83.0M-17.0%-$70.9M-1.0%-$70.3M-9.6%-$64.1M-3.5%-$62.0M-20.9%-$51.3M+13.8%-$59.5M-739.2%-$7.1M

Not reported in any period shown, so not listed: Long-Term Debt.

PAVS Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

PAVS quarterly cash flow statement
MetricQ4'26Q2'26Q4'25Q2'25Q4'24Q2'24Q4'23Q2'23

Not reported in any period shown, so not listed: Operating Cash Flow, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.

PAVS Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

PAVS quarterly financial ratios
MetricQ4'26Q2'26Q4'25Q2'25Q4'24Q2'24Q4'23Q2'23
Current Ratio8.18+7.0x1.150.0x1.12-7.6x8.74+7.6x1.11-2.9x4.00+3.5x0.47-1.5x2.01
Debt-to-Equity0.12-0.3x0.38+0.1x0.27+0.2x0.12-0.3x0.46+0.4x0.05-1.6x1.62+1.2x0.45

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, FCF Margin.

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Frequently Asked Questions

What is Paranovus Entertainment Technology's annual revenue?

Paranovus Entertainment Technology (PAVS) reported $14.6M in total revenue for fiscal year 2026. This represents a 20310.9% 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 Paranovus Entertainment Technology's revenue growing?

Paranovus Entertainment Technology (PAVS) revenue grew by 20310.9% year-over-year, from $72K to $14.6M in fiscal year 2026.

Is Paranovus Entertainment Technology profitable?

No, Paranovus Entertainment Technology (PAVS) reported a net income of -$12.7M in fiscal year 2026, with a net profit margin of -87.2%.

Paranovus Entertainment Technology (PAVS) reported diluted earnings per share of -$8485.00 for fiscal year 2026. 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.

Paranovus Entertainment Technology (PAVS) had EBITDA of -$12.6M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

Paranovus Entertainment Technology (PAVS) had a gross margin of 16.5% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

Paranovus Entertainment Technology (PAVS) had a net profit margin of -87.2% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

Paranovus Entertainment Technology (PAVS) has a return on equity of -40.8% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

Paranovus Entertainment Technology (PAVS) recorded an outflow of $1.4M in free cash flow during fiscal year 2026. This represents a 47.6% 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.

Paranovus Entertainment Technology (PAVS) recorded an outflow of $1.4M in operating cash flow during fiscal year 2026, representing cash used by core business activities.

Paranovus Entertainment Technology (PAVS) had $36.9M in total assets as of fiscal year 2026, including both current and long-term assets.

Paranovus Entertainment Technology (PAVS) reported no capital expenditure during fiscal year 2026.

Paranovus Entertainment Technology (PAVS) had 78,732 shares outstanding as of fiscal year 2026.

Paranovus Entertainment Technology (PAVS) had a current ratio of 8.18 as of fiscal year 2026, which is generally considered healthy.

Paranovus Entertainment Technology (PAVS) had a debt-to-equity ratio of 0.12 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

Paranovus Entertainment Technology (PAVS) had a return on assets of -34.5% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

Paranovus Entertainment Technology (PAVS) has an Altman Z-Score of -2.85, 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.

Paranovus Entertainment Technology (PAVS) 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.

Paranovus Entertainment Technology (PAVS) reported a net loss of $12.7M while operations used $1.4M of cash. With neither figure positive, 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.

Paranovus Entertainment Technology (PAVS) reported an operating loss of $14.7M against $263K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.

Paranovus Entertainment Technology (PAVS) scores 40 out of 100 on our Financial Health Score, indicating moderate 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.

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