CNVS

MKT CAP:$51M

Cineverse Corp.

Market Cap

$51M

Communication Services·Entertainment·🇺🇸 United States·NASDAQ

Communication·Entertainment·🇺🇸·NASDAQ

Stock Price

$2.39+$0.29 (+13.81%)

Apr 22, 2026

Company Details

Cineverse Corp. operates as a streaming technology and entertainment company. It owns and operates streaming channels, through its proprietary technology platform. The company also delivers curated content through subscription video on dema...

CEO

Christopher J. McGurk

IPO Date

Nov 10, 2003

Website

www.cineverse.com

Key Metrics TTM

Revenue

$57M

+27.9% YoY

Net Income

-$7M

EPS (Diluted)

-$0.41

Free Cash Flow

$882.0K

Revenue / Share

$2.96

Gross Margin

54.5%

Operating Margin

-7.2%

Net Margin

-12.2%

FCF Margin

1.5%

P/S

0.9x

P/E

—

Earnings Reports

Q3 2026

Dec 30, 2025

$16MEPS -$0.05

Q2 2026

Sep 29, 2025

$12M-3.0%EPS -$0.31

Q4 2025

Mar 31, 2025

$16M+57.9%EPS $0.04

Q2 2025

Sep 30, 2024

$13MEPS -$0.09

Q1 2025

Jun 28, 2024

$9M-29.7%EPS -$0.20

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 21	$10M	$6M	-$1M
Q4 21	$8M	$4M	-$5M
Q1 22	$15M	$10M	$3M
Q2 22	$10M	$6M	-$1M
Q3 22	$14M	$7M	-$804.0K
Q1 23	$14M	$5M	-$5M
Q2 23	$14M	$5M	-$5M
Q3 23	$28M	$13M	$3M
Q4 23	$13M	$6M	-$3M
Q1 24	$13M	$5M	-$3M
Q4 24	$10M	$7M	$1M
Q1 25	$9M	$4M	-$3M
Q2 25	$13M	$6M	-$861.0K
Q4 25	$16M	$9M	$2M
Q2 26	$12M	$6M	-$5M
Q3 26	$16M	$10M	$44.0K

Valuation

Quarter	P/S	P/E
Q3 21	2.6x	—
Q4 21	6.3x	—
Q1 22	5.8x	—
Q2 22	10.2x	—
Q3 22	4.6x	—
Q1 23	2.3x	—
Q2 23	1.5x	—
Q3 23	1.2x	—
Q4 23	1.2x	—
Q1 24	0.3x	—
Q4 24	0.4x	—
Q1 25	0.3x	—
Q2 25	0.3x	—
Q4 25	1.1x	—
Q2 26	1.2x	—
Q3 26	0.7x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 21	-$4M	-$5M
Q4 21	-$3M	-$5M
Q1 22	$4M	$4M
Q2 22	$6M	$6M
Q3 22	-$5M	-$5M
Q1 23	-$1M	-$1M
Q2 23	-$5M	-$5M
Q3 23	-$2M	-$2M
Q4 23	-$896.0K	-$2M
Q1 24	-$3M	-$4M
Q4 24	-$1M	-$2M
Q1 25	-$2M	-$2M
Q2 25	-$667.0K	-$1M
Q4 25	$12M	$12M
Q2 26	-$7M	-$8M
Q3 26	-$2M	-$2M

Capital Expenditures

Quarter	CapEx
Q3 21	$970.0K
Q4 21	$2M
Q1 22	$41.0K
Q2 22	$40.0K
Q3 22	$211.0K
Q1 23	$141.0K
Q2 23	$133.0K
Q3 23	$155.0K
Q4 23	$842.0K
Q1 24	$272.0K
Q4 24	$428.0K
Q1 25	$624.0K
Q2 25	$400.0K
Q4 25	$67.0K
Q2 26	$841.0K
Q3 26	$577.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 21	-13.5%	+3.1%
Q4 21	+6.9%	+43.5%
Q1 22	+149.5%	+41.8%
Q2 22	+40.7%	-6.2%
Q3 22	+41.5%	+32.5%
Q1 23	+64.4%	+42.2%
Q2 23	-6.7%	+52.9%
Q3 23	+176.0%	+113.0%
Q4 23	-10.9%	+1.8%
Q1 24	-4.5%	-13.6%
Q4 24	-29.6%	-54.6%
Q1 25	-67.3%	-51.4%
Q2 25	+1.5%	-10.3%
Q4 25	+20.0%	-14.3%
Q2 26	+25.3%	+109.0%
Q3 26	+78.4%	+36.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 21	$960.0K	9.6%
Q4 21	$720.0K	8.7%
Q1 22	$983.0K	6.5%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q1 23	$980.0K	7.2%
Q2 23	$2M	15.8%
Q3 23	$657.0K	2.4%
Q4 23	$564.0K	4.5%
Q1 24	$409.0K	3.2%
Q4 24	$447.0K	4.5%
Q1 25	$470.0K	5.1%
Q2 25	$0	0.0%
Q4 25	$0	0.0%
Q2 26	$0	0.0%
Q3 26	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q3 21	—	—	$5M
Q4 21	—	—	$7M
Q1 22	—	—	$6M
Q2 22	—	—	$7M
Q3 22	—	—	$7M
Q1 23	—	—	$10M
Q2 23	—	—	$10M
Q3 23	$7M	$2M	—
Q4 23	$4M	$345.0K	—
Q1 24	—	—	$8M
Q4 24	$5M	$77.0K	—
Q1 25	$6M	$1M	—
Q2 25	$5M	—	—
Q4 25	$4M	—	—
Q2 26	—	—	$11M
Q3 26	—	—	$10M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$13M	$0	$13M
Q1 23	$12M	$0	$12M
Q2 23	$10M	$0	$10M
Q3 23	$9M	$0	$9M
Q4 23	$7M	$0	$7M
Q1 24	$12M	$0	$12M
Q2 24	$9M	$0	$9M
Q3 24	$6M	$0	$6M
Q4 24	$5M	$0	$5M
Q1 25	$4M	$0	$4M
Q2 25	$2M	$0	$2M
Q3 25	$6M	$0	$6M
Q4 25	$14M	$0	$14M
Q1 26	$2M	$0	$2M
Q2 26	$2M	$0	$2M
Q3 26	$2M	$0	$2M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 21	7M	+19.5%	+222.7%
Q4 21	8M	+21.5%	+207.2%
Q1 22	9M	+3.0%	+81.4%
Q2 22	8M	-1.7%	+46.9%
Q3 22	9M	+2.9%	+26.5%
Q1 23	9M	+1.3%	+5.5%
Q2 23	9M	+0.8%	+3.3%
Q3 23	9M	+1.1%	+6.3%
Q4 23	9M	+0.6%	+3.9%
Q1 24	10M	+9.8%	+12.6%
Q4 24	14M	+36.9%	+52.9%
Q1 25	16M	+16.1%	+75.5%
Q2 25	16M	+0.1%	+74.8%
Q4 25	19M	+17.8%	+87.4%
Q2 26	18M	-0.4%	+36.4%
Q3 26	19M	+4.2%	+22.4%

Shares Outstanding