AENT

MKT CAP:$370M

Alliance Entertainment Holding Corporation

Market Cap

$370M

Communication Services·Entertainment·🇺🇸 United States·NASDAQ

Communication·Entertainment·🇺🇸·NASDAQ

Stock Price

$7.18-$0.83 (-10.36%)

Apr 22, 2026

Company Details

Alliance Entertainment Holding Corporation operates as a wholesaler, distributor, and e-commerce provider for the entertainment industry worldwide. It offers vinyl records, video games, digital video discs, blu-rays, toys, compact discs, co...

CEO

Jeffrey Walker

IPO Date

Mar 24, 2021

Website

www.aent.com

Key Metrics TTM

Revenue

$1.0B

-5.7% YoY

Net Income

$14M

EPS (Diluted)

$0.27

Free Cash Flow

-$16M

Revenue / Share

$20.54

Gross Margin

12.2%

Operating Margin

2.2%

Net Margin

1.3%

FCF Margin

-1.6%

P/S

0.4x

P/E

26.2x

Earnings Reports

Q2 2026

Feb 12, 2026

$369MEPS $0.18

FY 2025

Sep 10, 2025

$1.1B-3.4%EPS $0.30

Q3 2025

May 15, 2025

$213M+0.9%EPS $0.04

Q1 2025

Nov 12, 2024

$229M+1.0%EPS $0.01

FY 2024

Sep 19, 2024

$1.1B-5.0%EPS $0.09

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 21	$313M	$45M	$12M
Q1 22	$293M	$41M	$8M
Q2 22	$538M	$73M	$32M
Q3 22	$320M	$40M	$6M
Q4 22	$265M	$28M	-$4M
Q1 23	$239M	$25M	-$8M
Q2 23	$445M	$21M	-$18M
Q3 23	$228M	$27M	-$7M
Q4 23	$247M	$30M	$303.0K
Q1 24	$227M	$26M	-$2M
Q2 24	$426M	$48M	$16M
Q3 24	$211M	$27M	$1M
Q4 24	$237M	$27M	$497.0K
Q1 25	$229M	$26M	$2M
Q3 25	$213M	$29M	$4M
Q2 26	$369M	$46M	$17M

Valuation

Quarter	P/S	P/E
Q4 21	—	—
Q1 22	—	—
Q2 22	—	—
Q3 22	0.1x	3.4x
Q4 22	0.1x	5.0x
Q1 23	0.1x	9.3x
Q2 23	0.4x	—
Q3 23	0.1x	—
Q4 23	0.1x	—
Q1 24	0.1x	—
Q2 24	0.0x	—
Q3 24	0.1x	—
Q4 24	0.1x	35.0x
Q1 25	0.1x	16.4x
Q3 25	0.2x	123.7x
Q2 26	0.4x	30.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$70M	-$70M
Q2 22	$4M	$4M
Q3 22	-$18M	-$18M
Q4 22	$89.0K	$39.0K
Q1 23	-$48M	-$48M
Q2 23	$8M	$8M
Q3 23	$49M	$49M
Q4 23	-$5M	-$6M
Q1 24	-$3M	-$3M
Q2 24	$29M	$29M
Q3 24	$20M	$20M
Q4 24	$10M	$10M
Q1 25	-$12M	-$12M
Q3 25	$2M	$2M
Q2 26	-$17M	-$17M

Capital Expenditures

Quarter	CapEx
Q1 22	$0
Q2 22	$0
Q3 22	$0
Q4 22	$50.0K
Q1 23	$0
Q2 23	$0
Q3 23	$0
Q4 23	$825.0K
Q1 24	$0
Q2 24	$131.0K
Q3 24	$55.0K
Q4 24	$3.0K
Q1 25	$10.0K
Q3 25	$42.0K
Q2 26	$367.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 22	-15.3%	-10.6%
Q1 23	-18.6%	-13.5%
Q2 23	-17.3%	-8.5%
Q3 23	-28.9%	-25.2%
Q4 23	-6.8%	-8.4%
Q1 24	-5.0%	-7.4%
Q2 24	-4.4%	-11.5%
Q3 24	-7.3%	-10.8%
Q4 24	-4.1%	-4.2%
Q1 25	+1.0%	-0.6%
Q3 25	-49.9%	-48.8%
Q2 26	+74.6%	+67.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$216.0K	0.1%
Q1 24	$1M	0.6%
Q2 24	$58.0K	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q3 25	$0	0.0%
Q2 26	$69.0K	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q4 21	$15M	$14M
Q1 22	$14M	$13M
Q2 22	$16M	$20M
Q3 22	$15M	$16M
Q4 22	$7M	$22M
Q1 23	$15M	$15M
Q2 23	$15M	$20M
Q3 23	$15M	$15M
Q4 23	$7M	$21M
Q1 24	$14M	$12M
Q2 24	$15M	$15M
Q3 24	$14M	$11M
Q4 24	$14M	$11M
Q1 25	$13M	$9M
Q3 25	$14M	$10M
Q2 26	$13M	$15M

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 22	$1M	$0	$1M
Q4 22	$1M	$0	$1M
Q1 23	$809.0K	$0	$809.0K
Q2 23	$1M	$0	$1M
Q3 23	$1M	$0	$1M
Q4 23	$865.0K	$0	$865.0K
Q1 24	$1M	$0	$1M
Q2 24	$3M	$0	$3M
Q3 24	$2M	$0	$2M
Q4 24	$1M	$0	$1M
Q1 25	$4M	$0	$4M
Q2 25	$2M	$0	$2M
Q3 25	$2M	$0	$2M
Q4 25	$1M	$0	$1M
Q1 26	$3M	$0	$3M
Q2 26	$1M	$0	$1M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 21	14M	—	—
Q1 22	14M	0.0%	—
Q2 22	14M	0.0%	—
Q3 22	14M	0.0%	—
Q4 22	14M	0.0%	0.0%
Q1 23	14M	0.0%	0.0%
Q2 23	14M	0.0%	0.0%
Q3 23	48M	+236.9%	+236.9%
Q4 23	49M	+1.5%	+242.0%
Q1 24	51M	+2.7%	+251.3%
Q2 24	51M	+0.8%	+254.3%
Q3 24	51M	+0.0%	+5.2%
Q4 24	51M	+0.0%	+3.6%
Q1 25	51M	+0.0%	+0.9%
Q3 25	51M	0.0%	+0.1%
Q2 26	51M	+0.1%	+0.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 21	—	—
Q1 22	—	—
Q2 22	—	—
Q3 22	—	—
Q4 22	—	—
Q1 23	—	—
Q2 23	—	—
Q3 23	—	—
Q4 23	—	—
Q1 24	—	—
Q2 24	—	—
Q3 24	—	—
Q4 24	$360.6K	657
Q1 25	$348.5K	657
Q3 25	$324.3K	657
Q2 26	$529.0K	697

Revenue / Employee