Cineverse Corp. CNVS
Cineverse Corp. ("Cineverse", "us", "our", "we", and "Company" refers to Cineverse Corp. and its subsidiaries unless the context otherwise requires) was incorporated in Delaware on March 31, 2000.
The Company has a long legacy in using technology to transform the entertainment industry and played a pioneering role in transitioning movie screens from traditional analog film prints to digital distribution. In recent years, Cineverse has transformed itself into a leading technology and independent streaming company.
Cineverse is a premier technology and entertainment company with its core streaming business operating as (i) a portfolio of owned and operated streaming channels with enthusiast fan bases; (ii) a large-scale global aggregator and full-service distributor of feature films and television programs; and (iii) a proprietary technology software-as-a-service platform for over-the-top ("OTT") app development and content distribution through subscription video-on-demand ("SVOD"), dedicated ad-supported ("AVOD"), ad-supported streaming linear ("FAST") channels, social video streaming services, and audio podcasts. Our streaming channels reach audiences in several distinct ways: direct-to-consumer, through these major application platforms, and through third-party distributors of content on platforms.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $65.7M | $78.2M | $49.1M | $68.0M | $56.1M | $31.4M | $1.4M | $53.5M | $67.7M | $90.4M |
| Cost of revenue | — | — | — | — | $813.0K | — | — | — | — | — |
| Gross profit | — | — | — | — | $55.2M | — | — | — | — | — |
| SG&A | $43.3M | $27.7M | $27.9M | $36.8M | $29.6M | $21.9M | $16.3M | $27.7M | $28.5M | $23.8M |
| Total operating expenses | $80.9M | $70.3M | $64.8M | $76.9M | $57.0M | $44.9M | $43.6M | $59.2M | $67.0M | $83.6M |
| Operating income | -$15.2M | $7.9M | -$15.7M | -$8.9M | -$925.0K | -$13.5M | -$4.3M | -$5.6M | $723.0K | $6.8M |
| Interest expense | $457.0K | $4.4M | $1.1M | $1.3M | $356.0K | $4.1M | $7.3M | $10.3M | $14.2M | $19.1M |
| Pre-tax income | -$11.5M | $3.9M | -$21.3M | -$9.6M | $1.5M | -$63.2M | -$14.4M | -$16.0M | -$18.1M | -$14.9M |
| Income tax | $2.8M | $106.0K | $10.0K | $119.0K | $788.0K | $315.0K | $313.0K | $295.0K | $401.0K | $252.0K |
| Net income | -$8.7M | $3.8M | -$21.3M | -$9.7M | $2.3M | -$62.9M | -$14.7M | -$16.2M | -$18.5M | -$15.2M |
| EPS, basic | -0.49 | 0.18 | -1.78 | -1.13 | 0.21 | -0.49 | — | — | — | — |
| EPS, diluted | -0.49 | 0.16 | -1.78 | -1.13 | 0.20 | -0.49 | -0.34 | -0.44 | -0.81 | -1.92 |
| Shares, diluted (wtd. avg.) | $18.8M | $17.8M | $12.3M | $8.9M | $8.7M | $127.8M | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $3.4M | $13.9M | $5.2M | $7.2M | $13.1M | $17.8M | $15.3M | $18.9M | $18.0M | $19.0M |
| Receivables | $38.6M | $15.8M | $15.1M | $20.8M | $30.8M | $21.1M | $34.8M | $35.5M | $38.1M | $53.6M |
| Inventory | — | — | — | $207.0K | $116.0K | $166.0K | $582.0K | $673.0K | $792.0K | $1.1M |
| Total current assets | $50.8M | $38.1M | $32.7M | $37.6M | $52.2M | $43.1M | $57.0M | $64.9M | $74.2M | $86.5M |
| Property, plant and equipment | $3.9M | $2.9M | $2.3M | $1.8M | $2.0M | $3.5M | $8.0M | $14.0M | $21.5M | $33.1M |
| Goodwill | $21.2M | $6.8M | $6.8M | $20.8M | $21.1M | $8.7M | $8.7M | $8.7M | $8.7M | $8.7M |
| Other intangibles | $44.1M | $18.2M | $18.3M | $19.9M | $20.0M | $9.9M | $6.9M | $9.7M | $14.7M | $20.2M |
| Total assets | $130.3M | $72.5M | $64.4M | $88.0M | $104.6M | $75.4M | $110.4M | $98.8M | $121.2M | $151.3M |
| Accounts payable | $7.3M | $7.3M | $5.8M | $15.0M | $34.2M | $30.1M | $50.7M | $68.7M | $69.2M | $73.7M |
| Short-term debt | — | — | — | — | — | $7.8M | $11.4M | $43.3M | $5.3M | $25.7M |
| Total current liabilities | $63.0M | $34.4M | $31.2M | $45.3M | $57.0M | $57.4M | $128.0M | $113.7M | $76.3M | $101.9M |
| Long-term debt | — | — | — | — | — | — | $0 | $19.1M | $63.0M | $114.4M |
| Total liabilities | $86.9M | $34.7M | $32.2M | $48.9M | $63.7M | $59.6M | $129.7M | $135.4M | $143.5M | $222.0M |
| Retained earnings | -$510.1M | -$500.9M | -$504.2M | -$482.4M | -$472.3M | -$474.1M | -$410.9M | -$395.8M | -$379.2M | -$360.4M |
| Total equity | $44.3M | $38.8M | $32.2M | $39.1M | $41.0M | $15.9M | -$19.3M | -$36.6M | -$22.3M | -$70.7M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$26.5M | $17.4M | -$10.6M | -$8.8M | $4.9M | -$20.0M | $7.8M | $11.1M | $22.4M | $31.7M |
| Depreciation and amortisation | $6.0M | $3.8M | $3.8M | $3.8M | $4.6M | $6.9M | $9.4M | $8.1M | $12.4M | $27.7M |
| Stock-based compensation | $3.0M | $1.9M | $1.4M | $4.5M | $5.5M | $2.9M | $543.0K | $1.6M | $2.3M | $1.7M |
| Capital expenditure | — | — | $1.1M | $1.3M | $316.0K | $6.5M | — | — | — | — |
| Investing cash flow | -$14.3M | -$635.0K | -$531.0K | -$1.3M | -$12.3M | -$1.7M | -$1.2M | -$2.0M | -$931.0K | -$486.0K |
| Financing cash flow | $30.2M | -$8.0M | $9.1M | $4.2M | $2.6M | $24.3M | -$10.1M | -$9.2M | -$16.1M | -$44.1M |
| Buybacks | $0 | $215.0K | $0 | — | $4.8M | — | — | $0 | $163.0K | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-284027.
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