Cineverse Corp. (CNVS) 10-Year Financial Performance & Capital Metrics

CNVS • • Industrial / General

Communication ServicesEntertainmentStreaming & Digital Media PlatformsSubscription Video Streaming Services

AboutCineverse Corp. operates as a streaming technology and entertainment company. It owns and operates streaming channels, through its proprietary technology platform. The company also delivers curated content through subscription video on demand (SVOD), dedicated ad-supported (AVOD), and ad-supported streaming linear (FAST) channels, as well as social video streaming services and audio podcasts; operates OTT streaming entertainment channels. It entertains consumers worldwide by providing feature film and television programs, enthusiast streaming channels, and technology services. The company was formerly known as Cinedigm Corp. and changed its name to Cineverse Corp. in May 2023. Cineverse Corp. was incorporated in 2000 and is based in New York, New York.Show more

Revenue $78M +59.1%
EBITDA $12M +198.3%
Net Income $4M +116.8%
EPS (Diluted) 0.16 +109.0%
Gross Margin 50.4% -17.5%
EBITDA Margin 14.99% +161.7%
Operating Margin 10.14% +131.7%
Net Margin 4.61% +110.6%
ROE 10.3% +117.1%
ROIC 20.33% +162.4%
Debt/Equity 0.01 -94.5%
Interest Coverage 1.82 +112.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong Piotroski F-Score: 7/9
✓FCF machine: 20.8% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 14.8%
✓Trading at only 0.9x book value

✗Weaknesses

✗Weak momentum: RS Rating 9 (bottom 9%)
✗Shares diluted 45.4% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-2.95%

5Y14.75%

3Y11.73%

TTM77.29%

Profit (Net Income) CAGR

10Y-

5Y-

3Y17.65%

TTM94.58%

EPS CAGR

10Y-

5Y-

3Y-7.17%

TTM95.06%

ROCE

10Y Avg-558.18%

5Y Avg-1102.15%

3Y Avg-12.4%

Latest22.26%

Peer Comparison

Subscription Video Streaming Services

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
NFLXNetflix, Inc.	382.72B	90.32	45.55	15.65%	24.05%	40.19%	1.81%	0.73
CNVSCineverse Corp.	38.3M	2.00	12.50	59.13%	-1.49%	-3.19%	42.4%	0.01
IQiQIYI, Inc.	1.08B	2.05	2.66	-8.31%	-1.44%	-2.92%	100%	1.06
GAIAGaia, Inc.	76.81M	3.91	-17.77	12.36%	-4.87%	-4.7%	2.53%	0.12
ROKURoku, Inc.	14.45B	110.51	-124.17	18.03%	-0.61%	-1.05%	1.47%	0.24

Profit & Loss

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales/Revenue+	104.45M	90.39M	67.68M	53.53M	39.29M	31.42M	56.05M	68.03M	49.13M	78.18M
Revenue Growth %	-0.01%	-0.13%	-0.25%	-0.21%	-0.27%	-0.2%	0.78%	0.21%	-0.28%	0.59%
Cost of Goods Sold+	31.34M	58.56M	37.52M	29.87M	26.54M	23.02M	25.46M	40.13M	19.13M	38.78M
COGS % of Revenue	0.3%	0.65%	0.55%	0.56%	0.68%	0.73%	0.45%	0.59%	0.39%	0.5%
Gross Profit+	73.11M	31.83M	30.17M	23.66M	12.75M	8.4M	30.59M	27.9M	30M	39.41M
Gross Margin %	0.7%	0.35%	0.45%	0.44%	0.32%	0.27%	0.55%	0.41%	0.61%	0.5%
Gross Profit Growth %	-0.03%	-0.56%	-0.05%	-0.22%	-0.46%	-0.34%	2.64%	-0.09%	0.08%	0.31%
Operating Expenses+	94.25M	24.69M	29.45M	29.28M	17.1M	21.87M	29.52M	36.07M	45.7M	31.48M
OpEx % of Revenue	0.9%	0.27%	0.44%	0.55%	0.44%	0.7%	0.53%	0.53%	0.93%	0.4%
Selling, General & Admin	33.37M	24.69M	29.45M	29.28M	17.1M	21.87M	26.58M	36.07M	22.96M	22.45M
SG&A % of Revenue	0.32%	0.27%	0.44%	0.55%	0.44%	0.7%	0.47%	0.53%	0.47%	0.29%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	60.89M	0	0	0	0	0	2.93M	0	22.74M	9.03M
Operating Income+	-21.15M	7.14M	723K	-5.62M	-4.35M	-13.47M	1.08M	-8.17M	-15.7M	7.92M
Operating Margin %	-0.2%	0.08%	0.01%	-0.1%	-0.11%	-0.43%	0.02%	-0.12%	-0.32%	0.1%
Operating Income Growth %	-1.39%	1.34%	-0.9%	-8.77%	0.23%	-2.1%	1.08%	-8.57%	-0.92%	1.5%
EBITDA+	22.05M	40.58M	18.71M	8.13M	5.04M	-6.55M	5.64M	-4.34M	-11.93M	11.72M
EBITDA Margin %	0.21%	0.45%	0.28%	0.15%	0.13%	-0.21%	0.1%	-0.06%	-0.24%	0.15%
EBITDA Growth %	-0.36%	0.84%	-0.54%	-0.57%	-0.38%	-2.3%	1.86%	-1.77%	-1.75%	1.98%
D&A (Non-Cash Add-back)	43.2M	33.44M	17.99M	13.75M	9.39M	6.92M	4.57M	3.83M	3.77M	3.8M
EBIT	-21.52M	4.12M	-3.84M	-5.68M	-7.15M	-59.13M	1.84M	-8.29M	-20.19M	8.23M
Net Interest Income+	-20.56M	-24.41M	-18.7M	-10.26M	-7.24M	-4.05M	-356K	-1.29M	-1.07M	-4.37M
Interest Income	82K	73K	57K	36K	21K	37K	0	0	0	0
Interest Expense	20.64M	19.07M	14.25M	10.29M	7.26M	4.09M	356K	1.29M	1.07M	4.37M
Other Income/Expense	-21.02M	-22.09M	-18.82M	-10.35M	-10.06M	-49.75M	404K	-1.4M	-5.55M	-4.05M
Pretax Income+	-42.16M	-14.95M	-18.09M	-15.97M	-14.41M	-63.22M	1.48M	-9.57M	-21.25M	3.87M
Pretax Margin %	-0.4%	-0.17%	-0.27%	-0.3%	-0.37%	-2.01%	0.03%	-0.14%	-0.43%	0.05%
Income Tax+	345K	252K	401K	295K	313K	-315K	-788K	119K	10K	106K
Effective Tax Rate %	0.99%	1.01%	1.02%	1.02%	1.02%	0.99%	1.49%	1.02%	1.01%	0.93%
Net Income+	-41.74M	-15.13M	-18.45M	-16.23M	-14.73M	-62.82M	2.21M	-9.73M	-21.41M	3.6M
Net Margin %	-0.4%	-0.17%	-0.27%	-0.3%	-0.37%	-2%	0.04%	-0.14%	-0.44%	0.05%
Net Income Growth %	-0.33%	0.64%	-0.22%	0.12%	0.09%	-3.26%	1.04%	-5.4%	-1.2%	1.17%
Net Income (Continuing)	-42.51M	-15.2M	-18.5M	-16.27M	-14.72M	-62.91M	2.27M	-9.69M	-21.27M	3.76M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	-1.19M	-1.21M	-1.25M	-1.29M	-1.28M	-1.36M	-1.3M	-1.26M	-1.12M	-960K
EPS (Diluted)+	-130.20	-37.59	-15.97	-8.56	-6.70	-9.89	0.20	-1.13	-1.78	0.16
EPS Growth %	-0.58%	0.71%	0.58%	0.46%	0.22%	-0.48%	1.02%	-6.65%	-0.58%	1.09%
EPS (Basic)	-130.20	-37.59	-15.97	-8.56	-6.70	-9.89	0.21	-1.13	-1.78	0.18
Diluted Shares Outstanding	323.4K	402.46K	1.16M	1.9M	2.2M	6.39M	8.69M	8.89M	12.25M	17.82M
Basic Shares Outstanding	323.4K	402.46K	1.16M	1.9M	2.2M	6.39M	8.53M	8.89M	12.25M	15.81M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Current Assets+	101.84M	86.45M	74.17M	64.88M	61.06M	43.14M	52.16M	37.58M	32.72M	38.08M
Cash & Short-Term Investments	25.48M	12.57M	17.95M	17.87M	14.29M	16.85M	13.06M	7.15M	5.17M	13.94M
Cash Only	25.48M	12.57M	17.95M	17.87M	14.29M	16.85M	13.06M	7.15M	5.17M	13.94M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	63.76M	63.66M	49.7M	41.19M	38.3M	23.47M	34.02M	24.97M	16.78M	15.83M
Days Sales Outstanding	222.8	257.04	268.04	280.84	355.75	272.68	221.51	133.96	124.64	73.91
Inventory	2.02M	1.14M	792K	673K	582K	166K	116K	207K	0	0
Days Inventory Outstanding	23.57	7.09	7.71	8.22	8	2.63	1.66	1.88	-	-
Other Current Assets	0	8.12M	4.49M	4.05M	7.24M	0	0	4.14M	1.43M	1.57M
Total Non-Current Assets+	107.55M	64.88M	47.01M	33.96M	49.38M	32.3M	52.47M	50.5M	31.66M	34.44M
Property, Plant & Equipment	61.74M	33.14M	21.48M	14.05M	9.18M	3.6M	1.98M	3.1M	3.11M	2.88M
Fixed Asset Turnover	1.69x	2.73x	3.15x	3.81x	4.28x	8.73x	28.31x	21.96x	15.80x	27.18x
Goodwill	8.7M	8.7M	8.7M	8.7M	8.7M	8.7M	21.08M	20.82M	6.8M	6.8M
Intangible Assets	25.94M	0	0	0	0	9.86M	20.03M	19.87M	18.33M	18.17M
Long-Term Investments	8.98M	1M	1M	1M	24.43M	6.44M	7.03M	5.2M	362K	200K
Other Non-Current Assets	2.19M	1.82M	1.18M	526K	143K	3.7M	2.35M	1.42M	3.06M	6.39M
Total Assets+	209.4M	151.33M	121.18M	98.84M	110.44M	75.45M	104.64M	88.08M	64.38M	72.52M
Asset Turnover	0.50x	0.60x	0.56x	0.54x	0.36x	0.42x	0.54x	0.77x	0.76x	1.08x
Asset Growth %	-0.23%	-0.28%	-0.2%	-0.18%	0.12%	-0.32%	0.39%	-0.16%	-0.27%	0.13%
Total Current Liabilities+	100.83M	101.86M	76.33M	113.71M	128.01M	57.38M	56.99M	45.33M	31.25M	34.44M
Accounts Payable	30.87M	65.47M	60.82M	61M	70.31M	30.11M	34.18M	15.04M	5.8M	7.3M
Days Payables Outstanding	359.47	408.05	591.74	745.42	966.99	477.39	489.97	136.82	110.73	68.7
Short-Term Debt	29.07M	25.66M	5.29M	43.32M	48.69M	9.74M	0	4.92M	6.3M	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	924K	196K	226K	436K	183K
Other Current Liabilities	2.58M	6.53M	5.78M	4.28M	5.09M	3M	8.02M	9.07M	7.3M	4.35M
Current Ratio	1.01x	0.85x	0.97x	0.57x	0.48x	0.75x	0.92x	0.83x	1.05x	1.11x
Quick Ratio	0.99x	0.84x	0.96x	0.56x	0.47x	0.75x	0.91x	0.82x	1.05x	1.11x
Cash Conversion Cycle	-113.09	-143.93	-316	-456.35	-603.24	-202.08	-266.79	-0.98	-	-
Total Non-Current Liabilities+	181.59M	120.18M	67.15M	21.69M	1.71M	2.18M	6.69M	3.67M	978K	289K
Long-Term Debt	170.18M	114.44M	63.01M	19.13M	0	2.15M	0	0	0	0
Capital Lease Obligations	3.88M	0	0	0	684K	13K	491K	863K	462K	275K
Deferred Tax Liabilities	0	0	0	0	0	0	0	90K	0	0
Other Non-Current Liabilities	0	408K	306K	205K	110K	19K	6.2M	2.72M	516K	14K
Total Liabilities	282.43M	222.04M	143.49M	135.41M	129.73M	59.56M	63.69M	49.01M	32.23M	34.72M
Total Debt+	203.47M	140.16M	68.29M	62.45M	49.97M	11.99M	749K	6.21M	7.16M	462K
Net Debt	177.99M	127.6M	50.34M	44.58M	35.67M	-4.86M	-12.31M	-947K	2M	-13.48M
Debt / Equity	-	-	-	-	-	0.76x	0.02x	0.16x	0.22x	0.01x
Debt / EBITDA	9.23x	3.45x	3.65x	7.68x	9.91x	-	0.13x	-	-	0.04x
Net Debt / EBITDA	8.07x	3.14x	2.69x	5.48x	7.07x	-	-2.18x	-	-	-1.15x
Interest Coverage	-1.02x	0.37x	0.05x	-0.55x	-0.60x	-3.30x	3.03x	-6.33x	-14.73x	1.82x
Total Equity+	-73.03M	-70.7M	-22.3M	-36.57M	-19.29M	15.88M	40.95M	39.07M	32.15M	37.79M
Equity Growth %	-2.82%	0.03%	0.68%	-0.64%	0.47%	1.82%	1.58%	-0.05%	-0.18%	0.18%
Book Value per Share	-225.81	-175.68	-19.31	-19.29	-8.77	2.49	4.71	4.40	2.62	2.12
Total Shareholders' Equity	-71.84M	-69.49M	-21.05M	-35.28M	-18.01M	17.24M	42.25M	40.34M	33.27M	38.75M
Common Stock	9K	12K	35K	36K	62K	164K	174K	185K	194K	194K
Retained Earnings	-342.45M	-360.42M	-379.23M	-395.81M	-410.9M	-474.08M	-472.31M	-482.39M	-504.15M	-500.91M
Treasury Stock	-2.84M	0	-11.6M	-11.6M	-11.6M	-11.6M	-11.61M	-11.61M	-11.98M	-12.19M
Accumulated OCI	-64K	-38K	-38K	10K	92K	-68K	-163K	-402K	-345K	-305K
Minority Interest	-1.19M	-1.21M	-1.25M	-1.29M	-1.28M	-1.36M	-1.3M	-1.26M	-1.12M	-960K

Cash Flow

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	25.5M	31.7M	22.4M	11.09M	7.76M	-20.01M	4.88M	-8.97M	-10.59M	17.41M
Operating CF Margin %	0.24%	0.35%	0.33%	0.21%	0.2%	-0.64%	0.09%	-0.13%	-0.22%	0.22%
Operating CF Growth %	1.77%	0.24%	-0.29%	-0.5%	-0.3%	-3.58%	1.24%	-2.84%	-0.18%	2.64%
Net Income	-42.51M	-15.13M	-18.45M	-16.23M	-4.43M	-62.82M	2.27M	-9.73M	-21.27M	3.76M
Depreciation & Amortization	43.2M	33.44M	17.99M	13.75M	9.39M	6.92M	4.57M	3.83M	3.77M	3.8M
Stock-Based Compensation	1.83M	0	0	0	0	2.89M	5.49M	4.47M	1.54M	1.93M
Deferred Taxes	0	0	0	0	0	0	-888K	0	0	0
Other Non-Cash Items	24.89M	78.63M	35.74M	29.46M	-5.06M	46.53M	661K	3.29M	16.91M	-2.47M
Working Capital Changes	-1.9M	3.4M	11.96M	6.32M	7.86M	-13.53M	-7.22M	-10.83M	-11.54M	10.39M
Change in Receivables	5.48M	-2.27M	13.73M	5.61M	311K	14.43M	-9.06M	10.26M	7.57M	-619K
Change in Inventory	286K	511K	737K	211K	495K	251K	50K	0	0	0
Change in Payables	0	0	-3.32M	-540K	7.98M	-29.77M	4.1M	-18.05M	-12.76M	0
Cash from Investing+	-1.39M	-447K	-931K	-1.97M	-1.25M	-1.71M	-12.3M	-1.27M	-531K	-635K
Capital Expenditures	-1.38M	-486K	-931K	-1.97M	-1.25M	-2.61M	-641K	-1.27M	-1.07M	-1.17M
CapEx % of Revenue	0.01%	0.01%	0.01%	0.04%	0.03%	0.08%	0.01%	0.02%	0.02%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-8K	0	0	0	0	0	0	0	0	0
Cash from Financing+	-17.63M	-44.17M	-16.08M	-9.2M	-10.09M	24.27M	2.64M	4.33M	9.14M	-8M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-16.16M	7.98M	-781K	0	0	0	0	0	-769K	-1.23M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	24.11M	31.21M	21.47M	9.12M	6.51M	-22.62M	4.24M	-10.24M	-11.66M	16.24M
FCF Margin %	0.23%	0.35%	0.32%	0.17%	0.17%	-0.72%	0.08%	-0.15%	-0.24%	0.21%
FCF Growth %	2.56%	0.29%	-0.31%	-0.58%	-0.29%	-4.47%	1.19%	-3.42%	-0.14%	2.39%
FCF per Share	74.57	77.56	18.58	4.81	2.96	-3.54	0.49	-1.15	-0.95	0.91
FCF Conversion (FCF/Net Income)	-0.61x	-2.10x	-1.21x	-0.68x	-0.53x	0.32x	2.21x	0.92x	0.49x	4.83x
Interest Paid	0	0	0	0	0	0	0	0	376K	995K
Taxes Paid	0	0	0	0	0	0	0	0	55K	34K

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-	-	-	-	-	-395.54%	7.78%	-24.33%	-60.11%	10.3%
Return on Invested Capital (ROIC)	-11.79%	6.62%	1.28%	-23.38%	-26.74%	-73.72%	4.08%	-18.36%	-32.58%	20.33%
Gross Margin	69.99%	35.22%	44.57%	44.2%	32.46%	26.73%	54.58%	41.01%	61.06%	50.4%
Net Margin	-39.96%	-16.74%	-27.27%	-30.32%	-37.5%	-199.94%	3.95%	-14.31%	-43.57%	4.61%
Debt / Equity	-	-	-	-	-	0.76x	0.02x	0.16x	0.22x	0.01x
Interest Coverage	-1.02x	0.37x	0.05x	-0.55x	-0.60x	-3.30x	3.03x	-6.33x	-14.73x	1.82x
FCF Conversion	-0.61x	-2.10x	-1.21x	-0.68x	-0.53x	0.32x	2.21x	0.92x	0.49x	4.83x
Revenue Growth	-0.98%	-13.46%	-25.12%	-20.9%	-26.61%	-20.04%	78.41%	21.36%	-27.78%	59.13%

Frequently Asked Questions

Valuation & Price

Cineverse Corp. (CNVS) has a price-to-earnings (P/E) ratio of 12.5x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Cineverse Corp. (CNVS) reported $79.8M in revenue for fiscal year 2025. This represents a 4% increase from $76.6M in 2012.

Cineverse Corp. (CNVS) grew revenue by 59.1% over the past year. This is strong growth.

Cineverse Corp. (CNVS) reported a net loss of $1.2M for fiscal year 2025.

Dividend & Returns

Cineverse Corp. (CNVS) has a return on equity (ROE) of 10.3%. This is reasonable for most industries.

Cineverse Corp. (CNVS) had negative free cash flow of $3.1M in fiscal year 2025, likely due to heavy capital investments.

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Cineverse Corp. (CNVS) 10-Year Financial Performance & Capital Metrics

CNVS • • Industrial / General

Communication ServicesEntertainmentStreaming & Digital Media PlatformsSubscription Video Streaming Services

Revenue $78M +59.1%
EBITDA $12M +198.3%
Net Income $4M +116.8%
EPS (Diluted) 0.16 +109.0%
Gross Margin 50.4% -17.5%
EBITDA Margin 14.99% +161.7%
Operating Margin 10.14% +131.7%
Net Margin 4.61% +110.6%
ROE 10.3% +117.1%
ROIC 20.33% +162.4%
Debt/Equity 0.01 -94.5%
Interest Coverage 1.82 +112.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong Piotroski F-Score: 7/9
✓FCF machine: 20.8% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 14.8%
✓Trading at only 0.9x book value

✗Weaknesses

✗Weak momentum: RS Rating 9 (bottom 9%)
✗Shares diluted 45.4% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-2.95%

5Y14.75%

3Y11.73%

TTM77.29%

Profit (Net Income) CAGR

10Y-

5Y-

3Y17.65%

TTM94.58%

EPS CAGR

10Y-

5Y-

3Y-7.17%

TTM95.06%

ROCE

10Y Avg-558.18%

5Y Avg-1102.15%

3Y Avg-12.4%

Latest22.26%

Peer Comparison

Subscription Video Streaming Services

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
NFLXNetflix, Inc.	382.72B	90.32	45.55	15.65%	24.05%	40.19%	1.81%	0.73
CNVSCineverse Corp.	38.3M	2.00	12.50	59.13%	-1.49%	-3.19%	42.4%	0.01
IQiQIYI, Inc.	1.08B	2.05	2.66	-8.31%	-1.44%	-2.92%	100%	1.06
GAIAGaia, Inc.	76.81M	3.91	-17.77	12.36%	-4.87%	-4.7%	2.53%	0.12
ROKURoku, Inc.	14.45B	110.51	-124.17	18.03%	-0.61%	-1.05%	1.47%	0.24

Profit & Loss

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales/Revenue+	104.45M	90.39M	67.68M	53.53M	39.29M	31.42M	56.05M	68.03M	49.13M	78.18M
Revenue Growth %	-0.01%	-0.13%	-0.25%	-0.21%	-0.27%	-0.2%	0.78%	0.21%	-0.28%	0.59%
Cost of Goods Sold+	31.34M	58.56M	37.52M	29.87M	26.54M	23.02M	25.46M	40.13M	19.13M	38.78M
COGS % of Revenue	0.3%	0.65%	0.55%	0.56%	0.68%	0.73%	0.45%	0.59%	0.39%	0.5%
Gross Profit+	73.11M	31.83M	30.17M	23.66M	12.75M	8.4M	30.59M	27.9M	30M	39.41M
Gross Margin %	0.7%	0.35%	0.45%	0.44%	0.32%	0.27%	0.55%	0.41%	0.61%	0.5%
Gross Profit Growth %	-0.03%	-0.56%	-0.05%	-0.22%	-0.46%	-0.34%	2.64%	-0.09%	0.08%	0.31%
Operating Expenses+	94.25M	24.69M	29.45M	29.28M	17.1M	21.87M	29.52M	36.07M	45.7M	31.48M
OpEx % of Revenue	0.9%	0.27%	0.44%	0.55%	0.44%	0.7%	0.53%	0.53%	0.93%	0.4%
Selling, General & Admin	33.37M	24.69M	29.45M	29.28M	17.1M	21.87M	26.58M	36.07M	22.96M	22.45M
SG&A % of Revenue	0.32%	0.27%	0.44%	0.55%	0.44%	0.7%	0.47%	0.53%	0.47%	0.29%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	60.89M	0	0	0	0	0	2.93M	0	22.74M	9.03M
Operating Income+	-21.15M	7.14M	723K	-5.62M	-4.35M	-13.47M	1.08M	-8.17M	-15.7M	7.92M
Operating Margin %	-0.2%	0.08%	0.01%	-0.1%	-0.11%	-0.43%	0.02%	-0.12%	-0.32%	0.1%
Operating Income Growth %	-1.39%	1.34%	-0.9%	-8.77%	0.23%	-2.1%	1.08%	-8.57%	-0.92%	1.5%
EBITDA+	22.05M	40.58M	18.71M	8.13M	5.04M	-6.55M	5.64M	-4.34M	-11.93M	11.72M
EBITDA Margin %	0.21%	0.45%	0.28%	0.15%	0.13%	-0.21%	0.1%	-0.06%	-0.24%	0.15%
EBITDA Growth %	-0.36%	0.84%	-0.54%	-0.57%	-0.38%	-2.3%	1.86%	-1.77%	-1.75%	1.98%
D&A (Non-Cash Add-back)	43.2M	33.44M	17.99M	13.75M	9.39M	6.92M	4.57M	3.83M	3.77M	3.8M
EBIT	-21.52M	4.12M	-3.84M	-5.68M	-7.15M	-59.13M	1.84M	-8.29M	-20.19M	8.23M
Net Interest Income+	-20.56M	-24.41M	-18.7M	-10.26M	-7.24M	-4.05M	-356K	-1.29M	-1.07M	-4.37M
Interest Income	82K	73K	57K	36K	21K	37K	0	0	0	0
Interest Expense	20.64M	19.07M	14.25M	10.29M	7.26M	4.09M	356K	1.29M	1.07M	4.37M
Other Income/Expense	-21.02M	-22.09M	-18.82M	-10.35M	-10.06M	-49.75M	404K	-1.4M	-5.55M	-4.05M
Pretax Income+	-42.16M	-14.95M	-18.09M	-15.97M	-14.41M	-63.22M	1.48M	-9.57M	-21.25M	3.87M
Pretax Margin %	-0.4%	-0.17%	-0.27%	-0.3%	-0.37%	-2.01%	0.03%	-0.14%	-0.43%	0.05%
Income Tax+	345K	252K	401K	295K	313K	-315K	-788K	119K	10K	106K
Effective Tax Rate %	0.99%	1.01%	1.02%	1.02%	1.02%	0.99%	1.49%	1.02%	1.01%	0.93%
Net Income+	-41.74M	-15.13M	-18.45M	-16.23M	-14.73M	-62.82M	2.21M	-9.73M	-21.41M	3.6M
Net Margin %	-0.4%	-0.17%	-0.27%	-0.3%	-0.37%	-2%	0.04%	-0.14%	-0.44%	0.05%
Net Income Growth %	-0.33%	0.64%	-0.22%	0.12%	0.09%	-3.26%	1.04%	-5.4%	-1.2%	1.17%
Net Income (Continuing)	-42.51M	-15.2M	-18.5M	-16.27M	-14.72M	-62.91M	2.27M	-9.69M	-21.27M	3.76M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	-1.19M	-1.21M	-1.25M	-1.29M	-1.28M	-1.36M	-1.3M	-1.26M	-1.12M	-960K
EPS (Diluted)+	-130.20	-37.59	-15.97	-8.56	-6.70	-9.89	0.20	-1.13	-1.78	0.16
EPS Growth %	-0.58%	0.71%	0.58%	0.46%	0.22%	-0.48%	1.02%	-6.65%	-0.58%	1.09%
EPS (Basic)	-130.20	-37.59	-15.97	-8.56	-6.70	-9.89	0.21	-1.13	-1.78	0.18
Diluted Shares Outstanding	323.4K	402.46K	1.16M	1.9M	2.2M	6.39M	8.69M	8.89M	12.25M	17.82M
Basic Shares Outstanding	323.4K	402.46K	1.16M	1.9M	2.2M	6.39M	8.53M	8.89M	12.25M	15.81M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Current Assets+	101.84M	86.45M	74.17M	64.88M	61.06M	43.14M	52.16M	37.58M	32.72M	38.08M
Cash & Short-Term Investments	25.48M	12.57M	17.95M	17.87M	14.29M	16.85M	13.06M	7.15M	5.17M	13.94M
Cash Only	25.48M	12.57M	17.95M	17.87M	14.29M	16.85M	13.06M	7.15M	5.17M	13.94M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	63.76M	63.66M	49.7M	41.19M	38.3M	23.47M	34.02M	24.97M	16.78M	15.83M
Days Sales Outstanding	222.8	257.04	268.04	280.84	355.75	272.68	221.51	133.96	124.64	73.91
Inventory	2.02M	1.14M	792K	673K	582K	166K	116K	207K	0	0
Days Inventory Outstanding	23.57	7.09	7.71	8.22	8	2.63	1.66	1.88	-	-
Other Current Assets	0	8.12M	4.49M	4.05M	7.24M	0	0	4.14M	1.43M	1.57M
Total Non-Current Assets+	107.55M	64.88M	47.01M	33.96M	49.38M	32.3M	52.47M	50.5M	31.66M	34.44M
Property, Plant & Equipment	61.74M	33.14M	21.48M	14.05M	9.18M	3.6M	1.98M	3.1M	3.11M	2.88M
Fixed Asset Turnover	1.69x	2.73x	3.15x	3.81x	4.28x	8.73x	28.31x	21.96x	15.80x	27.18x
Goodwill	8.7M	8.7M	8.7M	8.7M	8.7M	8.7M	21.08M	20.82M	6.8M	6.8M
Intangible Assets	25.94M	0	0	0	0	9.86M	20.03M	19.87M	18.33M	18.17M
Long-Term Investments	8.98M	1M	1M	1M	24.43M	6.44M	7.03M	5.2M	362K	200K
Other Non-Current Assets	2.19M	1.82M	1.18M	526K	143K	3.7M	2.35M	1.42M	3.06M	6.39M
Total Assets+	209.4M	151.33M	121.18M	98.84M	110.44M	75.45M	104.64M	88.08M	64.38M	72.52M
Asset Turnover	0.50x	0.60x	0.56x	0.54x	0.36x	0.42x	0.54x	0.77x	0.76x	1.08x
Asset Growth %	-0.23%	-0.28%	-0.2%	-0.18%	0.12%	-0.32%	0.39%	-0.16%	-0.27%	0.13%
Total Current Liabilities+	100.83M	101.86M	76.33M	113.71M	128.01M	57.38M	56.99M	45.33M	31.25M	34.44M
Accounts Payable	30.87M	65.47M	60.82M	61M	70.31M	30.11M	34.18M	15.04M	5.8M	7.3M
Days Payables Outstanding	359.47	408.05	591.74	745.42	966.99	477.39	489.97	136.82	110.73	68.7
Short-Term Debt	29.07M	25.66M	5.29M	43.32M	48.69M	9.74M	0	4.92M	6.3M	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	924K	196K	226K	436K	183K
Other Current Liabilities	2.58M	6.53M	5.78M	4.28M	5.09M	3M	8.02M	9.07M	7.3M	4.35M
Current Ratio	1.01x	0.85x	0.97x	0.57x	0.48x	0.75x	0.92x	0.83x	1.05x	1.11x
Quick Ratio	0.99x	0.84x	0.96x	0.56x	0.47x	0.75x	0.91x	0.82x	1.05x	1.11x
Cash Conversion Cycle	-113.09	-143.93	-316	-456.35	-603.24	-202.08	-266.79	-0.98	-	-
Total Non-Current Liabilities+	181.59M	120.18M	67.15M	21.69M	1.71M	2.18M	6.69M	3.67M	978K	289K
Long-Term Debt	170.18M	114.44M	63.01M	19.13M	0	2.15M	0	0	0	0
Capital Lease Obligations	3.88M	0	0	0	684K	13K	491K	863K	462K	275K
Deferred Tax Liabilities	0	0	0	0	0	0	0	90K	0	0
Other Non-Current Liabilities	0	408K	306K	205K	110K	19K	6.2M	2.72M	516K	14K
Total Liabilities	282.43M	222.04M	143.49M	135.41M	129.73M	59.56M	63.69M	49.01M	32.23M	34.72M
Total Debt+	203.47M	140.16M	68.29M	62.45M	49.97M	11.99M	749K	6.21M	7.16M	462K
Net Debt	177.99M	127.6M	50.34M	44.58M	35.67M	-4.86M	-12.31M	-947K	2M	-13.48M
Debt / Equity	-	-	-	-	-	0.76x	0.02x	0.16x	0.22x	0.01x
Debt / EBITDA	9.23x	3.45x	3.65x	7.68x	9.91x	-	0.13x	-	-	0.04x
Net Debt / EBITDA	8.07x	3.14x	2.69x	5.48x	7.07x	-	-2.18x	-	-	-1.15x
Interest Coverage	-1.02x	0.37x	0.05x	-0.55x	-0.60x	-3.30x	3.03x	-6.33x	-14.73x	1.82x
Total Equity+	-73.03M	-70.7M	-22.3M	-36.57M	-19.29M	15.88M	40.95M	39.07M	32.15M	37.79M
Equity Growth %	-2.82%	0.03%	0.68%	-0.64%	0.47%	1.82%	1.58%	-0.05%	-0.18%	0.18%
Book Value per Share	-225.81	-175.68	-19.31	-19.29	-8.77	2.49	4.71	4.40	2.62	2.12
Total Shareholders' Equity	-71.84M	-69.49M	-21.05M	-35.28M	-18.01M	17.24M	42.25M	40.34M	33.27M	38.75M
Common Stock	9K	12K	35K	36K	62K	164K	174K	185K	194K	194K
Retained Earnings	-342.45M	-360.42M	-379.23M	-395.81M	-410.9M	-474.08M	-472.31M	-482.39M	-504.15M	-500.91M
Treasury Stock	-2.84M	0	-11.6M	-11.6M	-11.6M	-11.6M	-11.61M	-11.61M	-11.98M	-12.19M
Accumulated OCI	-64K	-38K	-38K	10K	92K	-68K	-163K	-402K	-345K	-305K
Minority Interest	-1.19M	-1.21M	-1.25M	-1.29M	-1.28M	-1.36M	-1.3M	-1.26M	-1.12M	-960K

Cash Flow

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	25.5M	31.7M	22.4M	11.09M	7.76M	-20.01M	4.88M	-8.97M	-10.59M	17.41M
Operating CF Margin %	0.24%	0.35%	0.33%	0.21%	0.2%	-0.64%	0.09%	-0.13%	-0.22%	0.22%
Operating CF Growth %	1.77%	0.24%	-0.29%	-0.5%	-0.3%	-3.58%	1.24%	-2.84%	-0.18%	2.64%
Net Income	-42.51M	-15.13M	-18.45M	-16.23M	-4.43M	-62.82M	2.27M	-9.73M	-21.27M	3.76M
Depreciation & Amortization	43.2M	33.44M	17.99M	13.75M	9.39M	6.92M	4.57M	3.83M	3.77M	3.8M
Stock-Based Compensation	1.83M	0	0	0	0	2.89M	5.49M	4.47M	1.54M	1.93M
Deferred Taxes	0	0	0	0	0	0	-888K	0	0	0
Other Non-Cash Items	24.89M	78.63M	35.74M	29.46M	-5.06M	46.53M	661K	3.29M	16.91M	-2.47M
Working Capital Changes	-1.9M	3.4M	11.96M	6.32M	7.86M	-13.53M	-7.22M	-10.83M	-11.54M	10.39M
Change in Receivables	5.48M	-2.27M	13.73M	5.61M	311K	14.43M	-9.06M	10.26M	7.57M	-619K
Change in Inventory	286K	511K	737K	211K	495K	251K	50K	0	0	0
Change in Payables	0	0	-3.32M	-540K	7.98M	-29.77M	4.1M	-18.05M	-12.76M	0
Cash from Investing+	-1.39M	-447K	-931K	-1.97M	-1.25M	-1.71M	-12.3M	-1.27M	-531K	-635K
Capital Expenditures	-1.38M	-486K	-931K	-1.97M	-1.25M	-2.61M	-641K	-1.27M	-1.07M	-1.17M
CapEx % of Revenue	0.01%	0.01%	0.01%	0.04%	0.03%	0.08%	0.01%	0.02%	0.02%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-8K	0	0	0	0	0	0	0	0	0
Cash from Financing+	-17.63M	-44.17M	-16.08M	-9.2M	-10.09M	24.27M	2.64M	4.33M	9.14M	-8M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-16.16M	7.98M	-781K	0	0	0	0	0	-769K	-1.23M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	24.11M	31.21M	21.47M	9.12M	6.51M	-22.62M	4.24M	-10.24M	-11.66M	16.24M
FCF Margin %	0.23%	0.35%	0.32%	0.17%	0.17%	-0.72%	0.08%	-0.15%	-0.24%	0.21%
FCF Growth %	2.56%	0.29%	-0.31%	-0.58%	-0.29%	-4.47%	1.19%	-3.42%	-0.14%	2.39%
FCF per Share	74.57	77.56	18.58	4.81	2.96	-3.54	0.49	-1.15	-0.95	0.91
FCF Conversion (FCF/Net Income)	-0.61x	-2.10x	-1.21x	-0.68x	-0.53x	0.32x	2.21x	0.92x	0.49x	4.83x
Interest Paid	0	0	0	0	0	0	0	0	376K	995K
Taxes Paid	0	0	0	0	0	0	0	0	55K	34K

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-	-	-	-	-	-395.54%	7.78%	-24.33%	-60.11%	10.3%
Return on Invested Capital (ROIC)	-11.79%	6.62%	1.28%	-23.38%	-26.74%	-73.72%	4.08%	-18.36%	-32.58%	20.33%
Gross Margin	69.99%	35.22%	44.57%	44.2%	32.46%	26.73%	54.58%	41.01%	61.06%	50.4%
Net Margin	-39.96%	-16.74%	-27.27%	-30.32%	-37.5%	-199.94%	3.95%	-14.31%	-43.57%	4.61%
Debt / Equity	-	-	-	-	-	0.76x	0.02x	0.16x	0.22x	0.01x
Interest Coverage	-1.02x	0.37x	0.05x	-0.55x	-0.60x	-3.30x	3.03x	-6.33x	-14.73x	1.82x
FCF Conversion	-0.61x	-2.10x	-1.21x	-0.68x	-0.53x	0.32x	2.21x	0.92x	0.49x	4.83x
Revenue Growth	-0.98%	-13.46%	-25.12%	-20.9%	-26.61%	-20.04%	78.41%	21.36%	-27.78%	59.13%

Frequently Asked Questions

Valuation & Price

Cineverse Corp. (CNVS) has a price-to-earnings (P/E) ratio of 12.5x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Cineverse Corp. (CNVS) reported $79.8M in revenue for fiscal year 2025. This represents a 4% increase from $76.6M in 2012.

Cineverse Corp. (CNVS) grew revenue by 59.1% over the past year. This is strong growth.

Cineverse Corp. (CNVS) reported a net loss of $1.2M for fiscal year 2025.

Dividend & Returns

Cineverse Corp. (CNVS) has a return on equity (ROE) of 10.3%. This is reasonable for most industries.

Cineverse Corp. (CNVS) had negative free cash flow of $3.1M in fiscal year 2025, likely due to heavy capital investments.