The company's financial position appears vulnerable, as evidenced by a contraction in equity from $17.3 million in 2023Q2 to $15.8 million by 2025Q3 due to persistent net losses.
| Total Current Assets | 11.65M | 7.55M | 8.57M | 11.44M | 9.64M | 7.65M |
| Cash & Short-Term Investments | 3.42M | 1.08M | 1.45M | 3.56M | 1.1M | 3.37M |
| Cash Only | 3.42M | 1.08M | 1.45M | 3.56M | 1.1M | 3.37M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 7.98M | 6.25M | 6.02M | 6.88M | 8M | 3.99M |
| Days Sales Outstanding | 41.27 | 43.74 | 50.77 | 72.44 | 90.21 | 61.06 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - |
| Other Current Assets | 254K | 230K | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 13.05M | 13.64M | 15.55M | 16.78M | 14.29M | 17.67M |
| Property, Plant & Equipment | 236K | 59K | 309K | 242K | 247K | 95K |
| Fixed Asset Turnover | 601.03x | 883.37x | 140.14x | 143.16x | 130.96x | 250.95x |
| Goodwill | 12.04M | 12.04M | 12.04M | 12.04M | 12.04M | 12.04M |
| Intangible Assets | 775K | 1.19M | 3.15M | 732K | 831K | 1.33M |
| Long-Term Investments | 1.08M | 354K | 57K | 3.77M | 1.17M | 4.2M |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 24.7M | 21.2M | 24.13M | 28.23M | 23.93M | 25.33M |
| Asset Turnover | 2.65x | 2.46x | 1.79x | 1.23x | 1.35x | 0.94x |
| Asset Growth % | -1.75% | -12.15% | -14.53% | 17.97% | -5.53% | - |
| Total Current Liabilities | 8.85M | 6.05M | 7.7M | 21.11M | 11.24M | 11.16M |
| Accounts Payable | 1.15M | 1.28M | 1.53M | 1.54M | 2.45M | 1.92M |
| Days Payables Outstanding | 10.94 | 9.65 | 14.95 | 20.39 | 34.08 | 38.28 |
| Short-Term Debt | 95K | 0 | 0 | 7.16M | 0 | 1.1M |
| Deferred Revenue (Current) | 6.63M | 1.96M | 2.94M | 3.04M | 3.39M | 2.27M |
| Other Current Liabilities | 1.6M | 0 | 0 | 7.05M | 0 | 4.9M |
| Current Ratio | 1.32x | 1.25x | 1.11x | 0.54x | 0.86x | 0.69x |
| Quick Ratio | 1.32x | 1.25x | 1.11x | 0.54x | 0.86x | 0.69x |
| Cash Conversion Cycle | 30.34 | - | - | - | - | - |
| Total Non-Current Liabilities | 97K | 0 | 86K | 0 | -400K | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 97K | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 86K | 0 | -400K | 0 |
| Total Liabilities | 8.94M | 6.05M | 7.78M | 21.11M | 10.84M | 11.16M |
| Total Debt | 192K | 0 | 0 | 7.16M | 0 | 1.1M |
| Net Debt | -3.22M | -1.08M | -1.45M | 3.59M | -1.1M | -2.28M |
| Debt / Equity | 0.01x | - | - | 1.01x | - | 0.08x |
| Debt / EBITDA | -0.06x | - | - | - | - | - |
| Net Debt / EBITDA | 1.06x | - | - | - | - | - |
| Interest Coverage | - | - | -5.53x | -0.49x | -719.80x | -647.20x |
| Total Equity | 15.76M | 15.14M | 16.34M | 7.12M | 13.09M | 14.16M |
| Equity Growth % | -13.41% | -7.34% | 129.54% | -45.59% | -7.61% | - |
| Book Value per Share | 0.59 | 0.62 | 0.75 | 0.06 | 0.09 | 0.10 |
| Total Shareholders' Equity | 15.76M | 15.14M | 16.34M | 7.12M | 13.09M | 14.16M |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | -38.25M | -36.07M | -29.61M | -12.67M | -5.7M | -2.1M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
Persistent negative retained earnings
According to recent quarterly filings, PodcastOne's equity base has contracted from $17.3 million in 2023Q2 to $15.8 million by 2025Q3, reflecting a persistent trend of value erosion driven by accumulated losses that continue to outpace the company's ability to generate meaningful internal capital growth.
The steady decline in retained earnings, which reached -$38.3 million in 2025Q3, suggests that the company's growth strategy is currently being funded by equity dilution or parent-level support rather than operational self-sufficiency. Investors should monitor whether this trajectory of capital depletion can be reversed before the company exhausts its current financial flexibility.
As reported in financial statements, the company's cash position remains precarious, fluctuating between $0.49 million and $3.4 million over the last ten quarters, which provides a limited buffer against the volatility inherent in its high-cost, talent-dependent advertising business model and potential working capital swings.
While the current ratio of 1.32 in 2025Q3 appears superficially adequate, the absolute cash levels remain low relative to the scale of operations and the potential for sudden talent-related payout obligations. This liquidity profile suggests that the firm may remain sensitive to external financing needs or parent-company capital injections to maintain day-to-day operations.
Based on the provided balance sheet data, goodwill accounts for $12.0 million of the $24.7 million in total assets as of 2025Q3, indicating that nearly half of the company's asset base is comprised of intangible value rather than tangible, revenue-generating property or equipment.
The heavy reliance on goodwill suggests that the company's valuation is highly sensitive to the perceived future earning power of its acquired talent and content libraries. If the underlying podcast network fails to deliver expected growth, the risk of a significant goodwill impairment charge could further weaken the already strained equity position.
Analysis of the balance sheet reveals that the company's financial stability is inextricably linked to its parent entity, LiveOne, as evidenced by the lack of significant debt on the books until 2025Q3, which warrants further investigation into potential off-balance-sheet liabilities or shared service arrangements.
The sudden appearance of $192,000 in debt in 2025Q3, following a long period of zero leverage, may indicate a shift in financing strategy or a tightening of liquidity that necessitates external borrowing. Investors should be cautious, as the company's standalone balance sheet may not fully capture the operational risks or financial obligations shared with its parent organization.
Quick answers to the most common questions about buying PODC stock.
As of 2024, PodcastOne, Inc. (PODC) had total assets of $21.2M including $7.6M in current assets.
PodcastOne, Inc. (PODC) carries total debt of $0.0M, offset by $1.1M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
PodcastOne, Inc. (PODC) has total shareholders' equity (book value) of $15.1M ($0.62 book value per share). Book value represents the net worth of the company belonging to common stock holders.
PodcastOne, Inc. (PODC) reported a current ratio of 1.25x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.