v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Mar. 31, 2026
Current Assets    
Cash and cash equivalents $ 4,319 $ 3,387
Accounts receivable, net of allowance for credit losses of $657 and $622, respectively 43,057 38,604
Content advances, net allowance of $5,768 and $5,503, respectively 6,789 7,507
Other current assets 1,370 1,280
Total current assets 55,535 50,778
Property and equipment, net 4,160 3,906
Intangible assets, net 41,922 44,114
Goodwill 21,293 21,218
Content advances, net of current portion 8,542 8,215
Other long-term assets, net 3,712 2,050
Total Assets 135,164 130,281
Current Liabilities    
Accounts payable and accrued expenses 42,948 39,351
Line of credit, net 11,358 9,435
Deferred consideration 15,380 13,800
Current portion of earnout consideration 3,800 0
Current portion of operating lease liabilities 836 298
Deferred revenue 94 125
Total current liabilities 74,416 63,009
Operating lease liabilities, net of current portion 1,289 105
Convertible notes payable, net 12,583 12,545
Earnout consideration, net of current portion 6,800 11,250
Total Liabilities 95,088 86,909
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; 6 and 7 shares issued and outstanding as of June 30, 2026 and March 31, 2026, respectively 3,245 3,559
Common stock, $0.001 par value; Class A Stock: 275,000,000 shares authorized as of June 30, 2026 and March 31, 2026; 24,247,336 and 21,362,845 shares issued, with 23,417,021 and 20,532,531 shares outstanding as of June 30, 2026 and March 31, 2026, respectively 516 199
Additional paid-in capital 565,644 564,105
Treasury stock, at cost; with 830,315 shares as of June 30, 2026 and March 31, 2026, respectively (13,158) (13,158)
Accumulated deficit (515,870) (510,099)
Accumulated other comprehensive loss (301) (282)
Total stockholders' equity of Cineverse Corp. 40,076 44,324
Deficit attributable to noncontrolling interest 0 (952)
Total stockholders' equity 40,076 43,372
Total Liabilities and Stockholders' Equity $ 135,164 $ 130,281