Starz Entertainment Corporation Financials

STRZ

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE March

This page shows Starz Entertainment Corporation (STRZ) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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).

Financial Health Signals

Financial Profile 20/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Starz Entertainment Corporation has an operating margin of -12.4%, meaning the company retains $-12 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 -64.9% the prior year.

Growth

Starz Entertainment Corporation's revenue declined 1.6% year-over-year, from $1.4B to $1.4B. This contraction results in a growth score of 24/100.

Leverage

Starz Entertainment Corporation carries a low D/E ratio of 0.91, meaning only $0.91 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 77/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Starz Entertainment Corporation's current ratio of 0.27 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.

Cash Flow

While Starz Entertainment Corporation generated -$46.0M in operating cash flow, capex of $17.6M consumed most of it, leaving -$63.6M 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 Weak

3/9

Starz Entertainment Corporation passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality

0.22x

For every $1 of reported earnings, Starz Entertainment Corporation generates $0.22 in operating cash flow (-$46.0M OCF vs -$211.2M 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

-3.7x

Starz Entertainment Corporation earns $-3.7 in operating income for every $1 of interest expense (-$170.4M vs $45.6M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Revenue

$1.4B

YoY-1.6%

5Y CAGR-18.8%

10Y CAGR-5.5%

Starz Entertainment Corporation generated $1.4B in revenue in fiscal year 2025. This represents a decrease of 1.6% from the prior year.

EBITDA

-$100K

YoY+100.0%

Starz Entertainment Corporation's EBITDA was -$100K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 100.0% from the prior year.

Free Cash Flow

-$63.6M

YoY+58.2%

Starz Entertainment Corporation generated -$63.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 58.2% from the prior year.

Net Income

-$211.2M

YoY+76.9%

Starz Entertainment Corporation reported -$211.2M in net income in fiscal year 2025. This represents an increase of 76.9% from the prior year.

EPS (Diluted)

$-12.63

YoY+76.9%

Starz Entertainment Corporation earned $-12.63 per diluted share (EPS) in fiscal year 2025. This represents an increase of 76.9% from the prior year.

Cash & Debt

$17.8M

YoY-22.6%

5Y CAGR-43.8%

10Y CAGR-16.1%

Starz Entertainment Corporation held $17.8M in cash against $699.9M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Gross Margin

N/A

Operating Margin

-12.4%

YoY+52.5pp

5Y CAGR-12.5pp

10Y CAGR-21.7pp

Starz Entertainment Corporation's operating margin was -12.4% in fiscal year 2025, reflecting core business profitability. This is up 52.5 percentage points from the prior year.

Net Margin

-15.4%

YoY+50.3pp

5Y CAGR-10.6pp

10Y CAGR-23.0pp

Starz Entertainment Corporation's net profit margin was -15.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 50.3 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$17.6M

YoY-13.7%

5Y CAGR-10.8%

10Y CAGR+0.3%

Starz Entertainment Corporation invested $17.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 13.7% from the prior year.

STRZ Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$1.4B-1.6%	$1.4B-2.1%	$1.4B-60.5%	$3.6B+10.2%	$3.3B-15.9%	$3.9B
Cost of Revenue	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
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$101.8M-21.2%	$129.2M+4.2%	$124.0M-73.9%	$475.4M-2.3%	$486.6M+13.1%	$430.4M
Operating Income	-$170.4M+81.1%	-$903.5M+33.0%	-$1.3B-15080.0%	$9.0M-94.7%	$170.6M+5992.9%	$2.8M
Interest Expense	$45.6M-83.1%	$269.8M+22.0%	$221.2M+25.7%	$176.0M-3.0%	$181.5M-5.1%	$191.3M
Income Tax	-$8.6M+93.3%	-$128.9M-604.4%	-$18.3M-164.4%	$28.4M+66.1%	$17.1M+418.2%	$3.3M
Net Income	-$211.2M+76.9%	-$915.2M+51.1%	-$1.9B-894.2%	-$188.2M-895.8%	-$18.9M+90.0%	-$188.4M
EPS (Diluted)	$-12.63+76.9%	$-54.73-520.5%	$-8.82-950.0%	$-0.84-833.3%	$-0.09+89.5%	$-0.86

Metric	Q4'26	Q2'26	Q1'26	Q2'26	Q3'25	Q2'25	Q1'25	Q1'24
Revenue	$751.3M+134.1%	$320.9M+0.4%	$319.7M	N/A	$970.5M+179.8%	$346.9M-0.2%	$347.6M-62.0%	$913.7M
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	N/A	$28.8M-1.0%	$29.1M	N/A	$105.9M+302.7%	$26.3M-1.1%	$26.6M	N/A
Operating Income	$116.2M+433.8%	-$34.8M-29.4%	-$26.9M	N/A	$35.8M+310.6%	-$17.0M-268.3%	$10.1M+129.7%	-$34.0M
Interest Expense	$13.6M-14.2%	$15.8M+19.7%	$13.2M	N/A	$69.1M-7.0%	$74.3M+8.0%	$68.8M	N/A
Income Tax	$15.3M+3716.0%	$400K+500.0%	-$100K	N/A	$4.0M+900.0%	$400K+105.3%	-$7.6M	N/A
Net Income	$98.2M+286.7%	-$52.6M-23.8%	-$42.5M-482.2%	-$7.3M+66.7%	-$21.9M+28.4%	-$30.6M-828.6%	$4.2M+102.7%	-$155.2M
EPS (Diluted)	$0.65+120.6%	$-3.15-24.0%	$-2.54	N/A	$-0.09+95.1%	$-1.83-803.8%	$0.26+136.1%	$-0.72

STRZ Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$2.2B+1.6%	$2.1B-71.2%	$7.4B-17.4%	$9.0B+8.2%	$8.3B+4.5%	$8.0B
Current Assets	$170.5M+34.5%	$126.8M-88.7%	$1.1B+5.7%	$1.1B-10.8%	$1.2B-9.3%	$1.3B
Cash & Equivalents	$17.8M-22.6%	$23.0M-91.5%	$272.1M-26.7%	$371.2M-29.8%	$528.7M+66.2%	$318.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$52.7M-0.4%	$52.9M-90.9%	$582.1M+31.6%	$442.2M+15.2%	$383.7M-26.5%	$522.0M
Goodwill	$0	$0-100.0%	$494.0M-82.1%	$2.8B0.0%	$2.8B-2.4%	$2.8B
Total Liabilities	$1.4B+15.3%	$1.2B-80.6%	$6.3B+5.2%	$6.0B+8.6%	$5.5B+4.2%	$5.3B
Current Liabilities	$622.5M+52.4%	$408.4M-84.1%	$2.6B+7.0%	$2.4B+42.0%	$1.7B+12.3%	$1.5B
Long-Term Debt	$699.9M-56.8%	$1.6B-18.1%	$2.0B-10.2%	$2.2B-13.4%	$2.5B-4.6%	$2.7B
Total Equity	$766.4M-16.6%	$919.2M-40.0%	$1.5B-45.3%	$2.8B+0.2%	$2.8B+5.1%	$2.7B
Retained Earnings	$0+100.0%	-$3.6B-46.6%	-$2.4B-559.9%	-$369.7M-346.0%	-$82.9M-390.5%	-$16.9M

Metric	Q4'26	Q2'26	Q1'26	Q2'26	Q3'25	Q2'25	Q1'25	Q1'24
Total Assets	$1.9B-3.0%	$2.0B-5.7%	$2.1B-3.8%	$2.2B-69.7%	$7.2B+0.3%	$7.1B-1.0%	$7.2B+237.6%	$2.1B
Current Assets	$132.2M+16.3%	$113.7M-7.7%	$123.2M-27.7%	$170.5M-84.1%	$1.1B-7.1%	$1.2B-7.3%	$1.2B+881.0%	$126.8M
Cash & Equivalents	$35.7M-3.5%	$37.0M-28.3%	$51.6M+189.9%	$17.8M-91.1%	$200.5M-12.7%	$229.6M+19.3%	$192.5M+737.0%	$23.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$84.4M+28.9%	$65.5M+17.6%	$55.7M+5.7%	$52.7M-90.6%	$560.0M-2.3%	$573.1M-12.4%	$654.5M+1137.2%	$52.9M
Goodwill	$323.3M0.0%	$323.3M0.0%	$323.3M	$0-100.0%	$808.5M+0.2%	$806.5M-0.7%	$812.1M	$0
Total Liabilities	$1.3B-3.2%	$1.3B-5.1%	$1.4B-2.0%	$1.4B-80.8%	$7.3B+0.7%	$7.3B+1.7%	$7.1B+486.0%	$1.2B
Current Liabilities	$539.4M-10.1%	$599.8M-11.4%	$677.1M+8.8%	$622.5M-81.7%	$3.4B-10.3%	$3.8B-8.3%	$4.1B+912.3%	$408.4M
Long-Term Debt	$605.8M-0.5%	$608.7M-0.5%	$611.7M-12.6%	$699.9M-71.3%	$2.4B+16.4%	$2.1B+35.8%	$1.5B-4.6%	$1.6B
Total Equity	$646.0M-2.6%	$663.2M-6.9%	$712.3M-7.1%	$766.4M+555.4%	-$168.3M-118.0%	$935.9M-3.8%	$973.1M+5.9%	$919.2M
Retained Earnings	-$108.5M-23.6%	-$87.8M-149.4%	-$35.2M	$0+100.0%	-$3.4B-0.8%	-$3.4B-4.7%	-$3.2B+9.3%	-$3.6B

STRZ Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$46.0M+65.1%	-$131.8M+69.9%	-$438.3M+33.7%	-$660.9M-132080.0%	-$500K-100.1%	$614.6M
Capital Expenditures	$17.6M-13.7%	$20.4M-40.5%	$34.3M+3.6%	$33.1M-5.4%	$35.0M+12.5%	$31.1M
Free Cash Flow	-$63.6M+58.2%	-$152.2M+67.8%	-$472.6M+31.9%	-$694.0M-1854.9%	-$35.5M-106.1%	$583.5M
Investing Cash Flow	-$99.2M-300.0%	-$24.8M+41.6%	-$42.5M+47.2%	-$80.5M-158.8%	-$31.1M+39.8%	-$51.7M
Financing Cash Flow	$126.0M-4.5%	$132.0M-69.2%	$428.1M-28.6%	$599.4M+152.0%	$237.9M+155.8%	-$426.1M
Dividends Paid	N/A	N/A	N/A	N/A	$0	$0
Share Buybacks	N/A	N/A	$0	$0-100.0%	$2.2M-15.4%	$2.6M

Metric	Q4'26	Q2'26	Q1'26	Q2'26	Q3'25	Q2'25	Q1'25	Q1'24
Operating Cash Flow	-$21.4M+18.0%	-$26.1M-139.9%	$65.4M-79.2%	$313.7M+193.6%	-$335.3M-3784.6%	$9.1M+127.2%	-$33.5M+93.7%	-$533.2M
Capital Expenditures	$4.5M-13.5%	$5.2M-24.6%	$6.9M+215.0%	-$6.0M-142.9%	$14.0M+197.9%	$4.7M-4.1%	$4.9M+214.0%	-$4.3M
Free Cash Flow	-$25.9M+17.3%	-$31.3M-153.5%	$58.5M-81.0%	$307.7M+188.1%	-$349.3M-8038.6%	$4.4M+111.5%	-$38.4M+92.9%	-$537.5M
Investing Cash Flow	-$3.9M+13.3%	-$4.5M-106.0%	$75.2M+242.2%	-$52.9M-221.1%	$43.7M+337.5%	-$18.4M+74.3%	-$71.6M-121.0%	$340.7M
Financing Cash Flow	$24.0M+50.0%	$16.0M+115.0%	-$106.8M+35.8%	-$166.4M-184.8%	$196.2M+6665.5%	$2.9M-96.9%	$93.3M-37.6%	$149.4M
Dividends Paid	$9.6M+39.4%	$6.9M-2.6%	$7.1M	N/A	$0	$0	$0	$0
Share Buybacks	$3.5M-79.5%	$16.9M-84.6%	$109.5M	N/A	$0	$0	$0	N/A

STRZ Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-12.4%+52.5pp	-64.9%+29.9pp	-94.8%-95.0pp	0.3%-5.0pp	5.2%+5.1pp	0.1%
Net Margin	-15.4%+50.3pp	-65.7%+65.8pp	-131.5%-126.3pp	-5.2%-4.6pp	-0.6%+4.3pp	-4.8%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-9.7%+33.1pp	-42.8%-17.6pp	-25.2%-23.1pp	-2.1%-1.9pp	-0.2%+2.1pp	-2.4%
Current Ratio	0.27-0.0	0.31-0.1	0.440.0	0.44-0.3	0.70-0.2	0.87
Debt-to-Equity	0.91-0.8	1.76+0.5	1.29+0.5	0.79-0.1	0.91-0.1	1.00
FCF Margin	-4.6%+6.3pp	-10.9%+22.3pp	-33.2%-14.0pp	-19.3%-18.2pp	-1.1%-16.1pp	15.0%

Metric	Q4'26	Q2'26	Q1'26	Q2'26	Q3'25	Q2'25	Q1'25	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	15.5%+26.3pp	-10.8%-2.4pp	-8.4%	N/A	3.7%+8.6pp	-4.9%-7.8pp	2.9%+6.6pp	-3.7%
Net Margin	13.1%+29.5pp	-16.4%-3.1pp	-13.3%	N/A	-2.3%+6.6pp	-8.8%-10.0pp	1.2%+18.2pp	-17.0%
Return on Equity	14.7%+10.9pp	3.8%-4.3pp	8.1%	N/A	17.1%+17.1pp	0.1%-0.4pp	0.4%-45.3pp	45.7%
Return on Assets	3.1%+5.8pp	-2.7%-0.6pp	-2.0%-1.7pp	-0.3%-0.0pp	-0.3%+0.1pp	-0.4%-0.5pp	0.1%+1.9pp	-1.8%
Current Ratio	0.25+0.1	0.190.0	0.18-0.1	0.27-0.0	0.32+0.0	0.300.0	0.300.0	0.31
Debt-to-Equity	0.94+0.0	0.92+0.1	0.86-0.1	0.91+15.4	-14.51-16.8	2.24+0.7	1.59-0.2	1.76
FCF Margin	5.1%+14.8pp	-9.8%-28.0pp	18.3%	N/A	-36.0%-37.3pp	1.3%+12.3pp	-11.1%-28.2pp	17.2%

Note: The current ratio is below 1.0 (0.27), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Starz Entertainment Corporation's annual revenue?

Starz Entertainment Corporation (STRZ) reported $1.4B in total revenue for fiscal year 2025. This represents a -1.6% 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 Starz Entertainment Corporation's revenue growing?

Starz Entertainment Corporation (STRZ) revenue declined by 1.6% year-over-year, from $1.4B to $1.4B in fiscal year 2025.

Is Starz Entertainment Corporation profitable?

No, Starz Entertainment Corporation (STRZ) reported a net income of -$211.2M in fiscal year 2025, with a net profit margin of -15.4%.

What is Starz Entertainment Corporation's earnings per share (EPS)?

Starz Entertainment Corporation (STRZ) reported diluted earnings per share of $-12.63 for fiscal year 2025. This represents a 76.9% 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 Starz Entertainment Corporation's EBITDA?

Starz Entertainment Corporation (STRZ) had EBITDA of -$100K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Starz Entertainment Corporation have?

As of fiscal year 2025, Starz Entertainment Corporation (STRZ) had $17.8M in cash and equivalents against $699.9M in long-term debt.

What is Starz Entertainment Corporation's operating margin?

Starz Entertainment Corporation (STRZ) had an operating margin of -12.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Starz Entertainment Corporation's net profit margin?

Starz Entertainment Corporation (STRZ) had a net profit margin of -15.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Starz Entertainment Corporation's free cash flow?

Starz Entertainment Corporation (STRZ) generated -$63.6M in free cash flow during fiscal year 2025. This represents a 58.2% 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 Starz Entertainment Corporation's operating cash flow?

Starz Entertainment Corporation (STRZ) generated -$46.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Starz Entertainment Corporation's total assets?

Starz Entertainment Corporation (STRZ) had $2.2B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Starz Entertainment Corporation's capital expenditures?

Starz Entertainment Corporation (STRZ) invested $17.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

What is Starz Entertainment Corporation's current ratio?

Starz Entertainment Corporation (STRZ) had a current ratio of 0.27 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Starz Entertainment Corporation's debt-to-equity ratio?

Starz Entertainment Corporation (STRZ) had a debt-to-equity ratio of 0.91 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Starz Entertainment Corporation's return on assets (ROA)?

Starz Entertainment Corporation (STRZ) had a return on assets of -9.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Starz Entertainment Corporation's cash runway?

Based on fiscal year 2025 data, Starz Entertainment Corporation (STRZ) had $17.8M in cash against an annual operating cash burn of $46.0M. This gives an estimated cash runway of approximately 5 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 Starz Entertainment Corporation's Piotroski F-Score?

Starz Entertainment Corporation (STRZ) has a Piotroski F-Score of 3 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Starz Entertainment Corporation's earnings high quality?

Starz Entertainment Corporation (STRZ) has an earnings quality ratio of 0.22x, 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 Starz Entertainment Corporation cover its interest payments?

Starz Entertainment Corporation (STRZ) has an interest coverage ratio of -3.7x, 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 Starz Entertainment Corporation?

Starz Entertainment Corporation (STRZ) scores 20 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.