Cineverse Corp.
3.0300-0.02 (-0.66%)
Oct 29, 4:00:00 PM EDT · NasdaqCM · CNVS · USD
Key Stats
Market Cap
57.95MP/E (TTM)
20.20Basic EPS (TTM)
0.15Dividend Yield
0%Recent Filings
8-K
CFO Lindsey's contract extended
Cineverse Corp. signed a new employment agreement with CFO Mark Lindsey on September 23, 2025, effective September 14, 2025, extending his role through September 13, 2027 with automatic renewal. It sets his base salary at $350,000 annually, a $175,000 target bonus, and 71,699 restricted stock units vesting over three years. Severance jumps to two times salary plus bonus post-change in control. Lindsey stays locked in.
10-Q
Q1 FY2026 results
Cineverse Corp. posted Q1 FY2026 revenue of $11.1M, up 22% y/y from $9.1M, fueled by streaming and digital growth to $9.1M (up 18%) and base distribution jumping 192% on Terrifier 3 sales, yet operating loss widened to $3.7M from $2.8M as SG&A expenses surged 36% to $9.0M from higher headcount and marketing. Diluted EPS held steady at $(0.21), matching y/y, with 17.0M weighted shares. Cash dipped to $2.0M amid $14.5M operating outflow, partly from $1.2M content investments, but $3.6M line of credit draw and $5.8M post-quarter warrant exercises bolster liquidity under the $12.5M facility at 8.75% maturing 2028. Final deferred consideration for Digital Media Rights settled in April 2025 via 677K shares worth $2.4M. Non-GAAP metrics not disclosed in the 10-Q. Competition from larger streaming platforms remains a key risk.
8-K
Q1 revenue surges 22%
Cineverse Corp. reported Q1 FY2026 revenue of $11.1 million, up 22% from $9.1 million last year, fueled by 18% growth in streaming and digital to $9.1 million plus surging theatrical sales from Terrifier 3. Direct operating margin hit 57%, a 6% gain, yet SG&A jumped 36% to $9.0 million on theatrical investments, widening net loss to $3.6 million. Revenue climbs steadily. Post-quarter, a 50/50 MicroCo joint venture targets the $10 billion microseries market by 2027.
10-K
FY2025 results
Cineverse Corp. posted FY2025 revenue of $78.2 million, up 59% year-over-year, propelled by streaming and digital growth to $44.4 million alongside a blockbuster $28.6 million from Terrifier 3's theatrical release in Q4 October 2024. This marked a sharp turnaround to net income of $3.8 million from a $21.3 million loss last year, with Q4's Terrifier momentum driving sequential acceleration in base distribution while streaming margins held steady amid content licensing gains. Operating income hit $7.9 million, bolstered by $17.4 million in operating cash flow that swelled cash to $13.9 million; the company repurchased 215,000 shares under its renewed program and fully repaid its $3.7 million Terrifier term loan early. No forward guidance disclosed. Yet cybersecurity threats loom large, potentially disrupting streaming delivery and eroding quarterly viewer momentum.
8-K
Cineverse FY25 revenue jumps 59%
Cineverse Corp. reported fiscal year 2025 revenue of $78.2 million, up 59% from $49.1 million in 2024, fueled by Terrifier 3's $54.0 million domestic box office and $8.5 million ancillaries on a ~$500,000 media budget. Streaming and digital revenues hit $44.4 million, a 19% rise, while podcasts surged 86%; net income swung to $3.2 million from a $21.8 million loss. Adjusted EBITDA climbed to $13.9 million, with $13.9 million cash and no debt. Terrifier 3 proves low-cost hits work. Yet, reliance on horror slates risks fan fatigue.
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