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CNVS

Cineverse Corp.

CNVS

Cineverse Corp. • NASDAQ
$2.52 ▲ 0.40% (+0.01)
Market Cap $42.38 M
52w High $7.39
52w Low $2.24
Dividend Yield 0%
P/E -31.5
Volume 47.79K
Outstanding Shares 16.82M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $12.357M ▲ $11.407M ▲ $-5.589M ▼ -45.229% ▼ $-0.31 ▼ $-4.232M ▼
Q1-2026 $11.119M ▼ $8.905M ▲ $-3.56M ▼ -32.017% ▼ $-0.21 ▼ $-2.44M ▼
Q4-2025 $15.575M ▼ $6.41M ▼ $851K ▼ 5.464% ▼ $0.048 ▼ $3.214M ▼
Q3-2025 $40.74M ▲ $10.307M ▲ $7.113M ▲ 17.459% ▲ $0.44 ▲ $10.455M ▲
Q2-2025 $12.739M $7.338M $-1.287M -10.103% $-0.087 $114K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $2.336M ▲ $61.947M ▲ $24.784M ▼ $38.035M ▲
Q1-2026 $1.985M ▼ $61.534M ▼ $25.38M ▼ $37.07M ▼
Q4-2025 $13.941M ▲ $72.516M ▼ $34.724M ▼ $38.752M ▲
Q3-2025 $6.083M ▲ $80.542M ▲ $44.079M ▲ $37.43M ▲
Q2-2025 $2.429M $60.6M $31.809M $29.806M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $-5.589M ▼ $-7.171M ▲ $-841K ▼ $8.396M ▲ $351K ▲ $-8.012M ▲
Q1-2026 $-3.516M ▼ $-14.524M ▼ $-16K ▼ $2.568M ▲ $-11.956M ▼ $-14.54M ▼
Q4-2025 $851K ▼ $12.218M ▲ $20K ▼ $-4.38M ▼ $7.858M ▲ $12.151M ▲
Q3-2025 $7.159M ▲ $7.365M ▲ $165K ▲ $-3.876M ▼ $3.654M ▲ $7.285M ▲
Q2-2025 $-1.287M $-667K $-397K $-462K $-1.526M $-1.067M

Five-Year Company Overview

Income Statement

Income Statement Cineverse’s income statement shows a small but improving business. Revenue has inched up over the past few years, and the company has moved from consistent losses toward roughly break‑even results. Profitability metrics like operating income and EBITDA have flipped from negative to slightly positive, suggesting cost discipline and better efficiency. That said, the overall profit base is still very thin, so even modest changes in revenue or spending could quickly swing results back into loss. Earnings per share have been very volatile, helped and distorted by reverse stock splits and a small equity base, which makes each good or bad year look outsized on a per‑share basis.

Balance Sheet

Balance Sheet The balance sheet is lean and small in scale. Total assets are modest, with only a limited cash cushion, and equity is positive but not large. Debt levels appear low or occasionally negligible, which reduces financial strain from interest but also reflects a business that does not have significant capital behind it. The company has undergone reverse stock splits in past years, which signals prior share price and capitalization pressure. Overall, the balance sheet does not look over‑levered, but it does not offer much of a safety buffer if performance weakens.

Cash Flow

Cash Flow Cash flow has moved in the right direction. The business previously burned cash from operations but has recently shifted to generating a small positive inflow. Free cash flow mirrors operating cash flow because capital spending is minimal, highlighting an asset‑light model. This is encouraging, but the improvement is recent and still fragile. Sustaining positive cash flow will depend on maintaining revenue momentum, keeping costs in check, and successfully monetizing both content and technology offerings. Any setback in growth or a need for higher investment could quickly push cash flow back into negative territory.

Competitive Edge

Competitive Edge Cineverse operates in a very crowded entertainment and streaming market but competes differently from the largest platforms. Instead of chasing broad mainstream audiences, it focuses on passionate niche communities—such as horror, anime, indie film, and family content—through specialized channels and brands. This “fandom” strategy helps build loyal, targeted audiences and supports a mix of subscription, advertising, licensing, and theatrical revenue. The company’s proprietary Matchpoint platform and cineSearch technology give it some differentiation and create a B2B angle that larger content‑only rivals may not have. However, its small size, dependence on partners and distribution platforms, and the intense competition for viewer attention and ad budgets remain significant constraints.

Innovation and R&D

Innovation and R&D Innovation is a clear emphasis. Cineverse has built and continues to upgrade its Matchpoint media platform to automate content workflows, which can lower costs and be sold as a service to other media companies. The AI‑driven cineSearch tool, including a business‑focused version, aims to solve content discovery problems and opens an additional technology licensing stream, developed with major cloud and AI partners. Beyond this, the company is exploring AI tools for content selection, marketing, and localization, expanding a theatrical slate around successful horror titles, experimenting with micro‑drama short‑form series, and building an integrated advertising platform across its ecosystem. These initiatives offer upside but also add execution risk, as they require ongoing investment and careful prioritization for a company of limited scale.

Summary

Overall, Cineverse looks like a small, evolving entertainment and technology company that is trying to pivot from being just another niche streaming player into a hybrid of content studio and tech platform. Financial results suggest a move from steady losses toward break‑even, with some early signs of operating and cash‑flow improvement but still very little margin for error. The balance sheet is light yet not heavily indebted, which limits both risk and available firepower. Competitively, its focus on fandom‑driven niches and proprietary technology creates differentiation in a crowded field, while its innovation pipeline spans AI, B2B software, theatrical releases, and new content formats. The key uncertainties center on whether the company can scale its high‑margin tech and advertising businesses, keep its niche audiences engaged, and do so with enough financial resilience to handle the volatility typical of the entertainment and streaming sectors.

NEWS

November 18, 2025 · 9:00 AM UTC

JoySauce and Cineverse Launch New Streaming Network Dedicated to 'American Asian' Entertainment

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November 14, 2025 · 4:08 PM UTC

Cineverse Reports Second Quarter Fiscal Year 2026 Results

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November 13, 2025 · 9:00 AM UTC

Cineverse Technology Group Signs Four New Customers for its Matchpoint™ Media Supply Chain Platform

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November 7, 2025 · 9:00 AM UTC

Cineverse to Report Second Quarter FY 2026 Financial Results on Friday, November 14, 2025

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November 3, 2025 · 9:00 AM UTC

Cineverse Partners with Clarion Events' LeftField Media to Launch Bloody Disgusting's First Horror Fan Convention

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