CNVS - Cineverse Corp. Stock Analysis | Stock Taper
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Cineverse Corp.

CNVS

Cineverse Corp. NASDAQ
$2.90 -2.03% (-0.06)

Market Cap $62.37 M
52w High $7.39
52w Low $1.77
P/E -5.47
Volume 100.38K
Outstanding Shares 21.07M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2026 $16.29M $9.99M $-924K -5.67% $-0.05 $1.25M
Q2-2026 $12.36M $11.41M $-5.59M -45.23% $-0.31 $-4.23M
Q1-2026 $11.12M $8.9M $-3.56M -32.02% $-0.21 $-2.44M
Q4-2025 $15.57M $6.41M $851K 5.46% $0.05 $3.21M
Q3-2025 $40.74M $10.31M $7.11M 17.46% $0.44 $10.46M

What's going well?

Revenue surged 32% and gross margins improved a lot, showing the company can grow while controlling costs. Operating losses turned into a small profit, and net losses shrank sharply. Cost discipline is much better this quarter.

What's concerning?

The company is still losing money overall, and negative 'other' expenses are hurting the bottom line. Share dilution means each share is worth a bit less, and the business hasn't proven it can stay profitable yet.

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2026 $2.46M $68.57M $30.83M $38.57M
Q2-2026 $2.34M $61.95M $24.78M $38.03M
Q1-2026 $1.99M $61.53M $25.38M $37.07M
Q4-2025 $13.94M $72.52M $34.72M $38.75M
Q3-2025 $6.08M $80.54M $44.08M $37.43M

What's financially strong about this company?

Shareholder equity is positive and slightly growing. The company has no inventory risk, and most assets are funded by equity rather than debt.

What are the financial risks or weaknesses?

Cash is low, short-term debt and payables are rising fast, and the company has a history of losses. Liquidity is tight, and they may need to raise more money soon.

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2026 $-924K $-1.61M $-577K $2.27M $125K $-2.19M
Q2-2026 $-5.59M $-7.17M $-841K $8.4M $351K $-8.01M
Q1-2026 $-3.52M $-14.52M $-16K $2.57M $-11.96M $-14.54M
Q4-2025 $851K $12.22M $20K $-4.38M $7.86M $12.15M
Q3-2025 $7.16M $7.37M $165K $-3.88M $3.65M $7.29M

What's strong about this company's cash flow?

Cash burn dropped dramatically this quarter, showing better cost control or improved collections. The company managed to slightly grow its cash balance despite ongoing losses.

What are the cash flow concerns?

The business is still losing real cash and depends on new debt and stock sales to survive. Working capital is getting worse, with more cash tied up in receivables and payables stretched.

Q3 2026 Earnings Call Summary

Read Call Summary

5-Year Trend Analysis

A comprehensive look at Cineverse Corp.'s financial evolution and strategic trajectory over the past five years.

+ Strengths

Cineverse combines strong recent revenue growth with a clear improvement in profitability and cash generation. The balance sheet has been de‑risked through substantial debt reduction and a stronger cash position, while equity has grown. On the strategic side, its focus on fan‑driven niche channels, proprietary AI‑powered platforms, and expanding B2B services gives it a differentiated role in the entertainment and media‑tech landscape. Early signs of recurring, higher‑margin technology and services revenue add to the appeal of the business model.

! Risks

Key risks stem from the company’s history of volatility and past losses, as reflected in deeply negative retained earnings and previously stressed liquidity. Profitability and cash flow improvements are relatively recent and may be sensitive to swings in advertising markets, content performance, and customer demand for its platforms. Competitive pressure from much larger streaming and technology companies is intense, and ongoing innovation requires sustained investment even though formal R&D spending appears minimal on the income statement. Integration of acquisitions and reliance on a few standout titles or brands add execution and concentration risks.

Outlook

The overall trajectory appears to be improving: operations have turned profitable, cash flow is positive, leverage is minimal, and the company is increasingly oriented toward scalable, technology‑driven revenue streams. If Cineverse can maintain revenue growth, keep costs in check, and successfully scale Matchpoint, cineSearch, and its advertising network, its financial profile could continue to strengthen. At the same time, the business remains relatively small and exposed to industry cycles and competitive dynamics, so future performance is likely to include both opportunities and setbacks as the company works to translate its innovations into consistent, durable results.