v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Mar. 31, 2025
Current Assets    
Cash and cash equivalents $ 3,387 $ 13,941
Accounts receivable, net of allowance for credit losses of $622 and $307, respectively 38,604 15,752
Content advances, net allowance of $5,503 and $4,818, respectively 7,507 6,736
Other current assets 1,280 1,652
Total current assets 50,778 38,081
Property and equipment, net 3,906 2,876
Intangible assets, net 44,114 18,168
Goodwill 21,218 6,799
Content advances, net of current portion 8,215 4,053
Other long-term assets, net 2,050 2,539
Total Assets 130,281 72,516
Current Liabilities    
Accounts payable and accrued expenses 39,351 31,109
Line of credit, net 9,435 0
Deferred consideration 13,800 2,956
Current portion of operating lease liabilities 298 187
Deferred revenue 125 183
Total current liabilities 63,009 34,435
Operating lease liabilities, net of current portion 105 275
Convertible notes payable, net 12,545 0
Earnout consideration 11,250 0
Other long-term liabilities 0 14
Total Liabilities 86,909 34,724
Commitments and contingencies (Note 8)
Stockholders’ Equity    
Preferred stock, 15,000,000 shares authorized; Series A 10% - $0.001 par value per share; 20 shares authorized; 7 shares issued and 7 shares outstanding at March 31, 2026 and 2025 respectively 3,559 3,559
Common stock, $0.001 par value; Class A Stock: 275,000,000 shares authorized as of March 31, 2026 and 2025; 21,362,845 and 16,487,947 shares issued, with 20,532,531 and 15,984,129 shares outstanding as of March 31, 2026 and 2025, respectively 199 194
Additional paid-in capital 564,105 548,405
Treasury stock, at cost; 830,314 and 503,819 shares as of March 31, 2026 and 2025, respectively (13,158) (12,193)
Accumulated deficit (510,099) (500,908)
Accumulated other comprehensive loss (282) (305)
Total stockholders' equity of Cineverse Corp. 44,324 38,752
Deficit attributable to noncontrolling interest (952) (960)
Total equity 43,372 37,792
Total Liabilities and Equity $ 130,281 $ 72,516