DLPN

MKT CAP:$17M

Dolphin Entertainment, Inc.

Market Cap

$17M

Communication Services·Entertainment·🇺🇸 United States·NASDAQ

Communication·Entertainment·🇺🇸·NASDAQ

Stock Price

$1.45-$0.12 (-7.64%)

Apr 23, 2026

Company Details

Dolphin Entertainment, Inc., together with its subsidiaries, operates as an independent entertainment marketing and premium content development company in the United States. It operates in two segments, Entertainment Publicity, and Marketin...

CEO

William O'Dowd

IPO Date

Nov 2, 2006

Website

www.dolphinentertainment.com

Key Metrics TTM

Revenue

$53M

+3.9% YoY

Net Income

-$6M

EPS (Diluted)

-$0.55

Free Cash Flow

-$2M

Revenue / Share

$4.53

Gross Margin

54.9%

Operating Margin

-5.4%

Net Margin

-11.4%

FCF Margin

-3.3%

P/S

0.3x

P/E

—

Earnings Reports

Q4 2025

May 13, 2026

PENDING

FY 2025

Mar 27, 2026

$57M+9.7%EPS -$0.27

Q3 2025

Nov 12, 2025

$15M+16.7%EPS -$0.03

Q2 2025

Aug 14, 2025

$14M+23.0%EPS -$0.13

Q1 2025

May 13, 2025

$12M-20.1%EPS -$0.21

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 21	$9M	$8M	-$1M
Q4 21	$11M	$9M	-$3M
Q1 22	$9M	$8M	-$2M
Q2 22	$10M	$9M	$55.6K
Q3 22	$10M	$9M	-$1M
Q1 23	$10M	$10M	-$3M
Q2 23	$11M	$11M	-$7M
Q3 23	$10M	$10M	-$2M
Q4 23	$12M	$12M	-$8M
Q1 24	$15M	$13M	$164.5K
Q2 24	$11M	$11M	-$1M
Q3 24	$13M	$12M	-$8M
Q4 24	$12M	$12M	-$1M
Q1 25	$12M	$12M	-$2M
Q2 25	$14M	$2M	-$57.1K
Q3 25	$15M	$3M	$308.3K

Valuation

Quarter	P/S	P/E
Q3 21	6.0x	—
Q4 21	4.3x	—
Q1 22	2.4x	—
Q2 22	1.7x	—
Q3 22	1.7x	—
Q1 23	1.2x	—
Q2 23	1.4x	—
Q3 23	1.5x	—
Q4 23	1.4x	—
Q1 24	1.1x	—
Q2 24	0.4x	—
Q3 24	0.3x	—
Q4 24	0.2x	—
Q1 25	0.2x	—
Q2 25	0.3x	—
Q3 25	0.3x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 21	$489.9K	$489.9K
Q4 21	-$2M	-$2M
Q1 22	$818.4K	$800.6K
Q2 22	-$3M	-$3M
Q3 22	-$2M	-$2M
Q1 23	-$1M	-$1M
Q2 23	-$1M	-$1M
Q3 23	-$1M	-$1M
Q4 23	-$124.5K	-$131.6K
Q1 24	-$1M	-$1M
Q2 24	$2M	$2M
Q3 24	-$2M	-$2M
Q4 24	$850.2K	$850.2K
Q1 25	-$2M	-$2M
Q2 25	$2M	$2M
Q3 25	-$2M	-$2M

Capital Expenditures

Quarter	CapEx
Q3 21	$0
Q4 21	$0
Q1 22	$17.8K
Q2 22	$42.1K
Q3 22	$4.6K
Q1 23	$0
Q2 23	$9.4K
Q3 23	$12.4K
Q4 23	$7.1K
Q1 24	$0
Q2 24	$1.5K
Q3 24	$0
Q4 24	$0
Q1 25	$1.1K
Q2 25	$3
Q3 25	$29

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 21	+70.0%	+73.9%
Q4 21	+56.9%	+74.8%
Q1 22	+27.9%	+26.7%
Q2 22	+19.1%	+15.5%
Q3 22	+5.3%	+5.4%
Q1 23	-5.9%	-8.3%
Q2 23	+20.1%	+67.0%
Q3 23	-1.0%	+20.1%
Q4 23	+21.4%	+81.3%
Q1 24	+54.0%	+21.0%
Q2 24	+3.8%	-32.0%
Q3 24	+24.5%	+69.5%
Q4 24	+2.5%	-31.6%
Q1 25	-20.1%	-7.5%
Q2 25	+23.0%	+12.5%
Q3 25	+16.7%	-30.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 21	$17.9K	0.2%
Q4 21	$0	0.0%
Q1 22	$59.3K	0.6%
Q2 22	$54.8K	0.5%
Q3 22	$102.5K	1.0%
Q1 23	$74.6K	0.8%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$105.8K	0.7%
Q2 24	$107.2K	0.9%
Q3 24	$111.0K	0.9%
Q4 24	$40.7K	0.3%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$11.9K	0.1%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q3 21	$498.7K	$7M	—
Q4 21	$712.2K	$9M	—
Q1 22	$9M	—	—
Q2 22	$9M	—	—
Q3 22	$9M	—	—
Q1 23	$12M	—	—
Q2 23	$11M	—	—
Q3 23	$11M	—	—
Q4 23	$530.1K	$11M	—
Q1 24	$10M	$2M	—
Q2 24	$10M	$2M	—
Q3 24	$10M	$2M	—
Q4 24	$621.5K	$12M	—
Q1 25	$2M	—	—
Q2 25	$586.2K	$12M	—
Q3 25	—	—	$3M

Revenue Segments

Quarter	E P D	E P M
Q3 21	$9M	—
Q1 23	—	$10M
Q2 23	—	$11M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$10M	$0	$10M
Q2 22	$7M	$0	$7M
Q3 22	$4M	$0	$4M
Q4 22	$6M	$0	$6M
Q1 23	$8M	$0	$8M
Q2 23	$8M	$0	$8M
Q3 23	$6M	$0	$6M
Q4 23	$6M	$0	$6M
Q1 24	$6M	$0	$6M
Q2 24	$9M	$0	$9M
Q3 24	$6M	$0	$6M
Q4 24	$8M	$0	$8M
Q1 25	$7M	$0	$7M
Q2 25	$9M	$0	$9M
Q3 25	$9M	$0	$9M
Q4 25	$10M	$0	$10M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 21	8M	-2.2%	+12.0%
Q4 21	8M	-1.6%	+4.8%
Q1 22	9M	+16.2%	+21.7%
Q2 22	10M	+8.8%	+21.6%
Q3 22	10M	+1.7%	+26.5%
Q1 23	13M	+29.1%	+66.0%
Q2 23	13M	+4.5%	+49.3%
Q3 23	14M	+6.9%	+46.7%
Q4 23	16M	+16.7%	+68.3%
Q1 24	9M	-43.5%	-26.4%
Q2 24	20M	+110.4%	+48.2%
Q3 24	11M	-44.2%	-22.6%
Q4 24	11M	+2.1%	-32.3%
Q1 25	11M	0.0%	+20.0%
Q2 25	11M	+0.6%	-42.6%
Q3 25	12M	+4.8%	+7.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 21	$57.7K	163
Q4 21	$52.0K	202
Q1 22	$45.4K	202
Q2 22	$50.9K	202
Q3 22	$49.0K	202
Q1 23	$40.5K	244
Q2 23	$45.2K	244
Q3 23	$41.7K	244
Q4 23	$49.1K	245
Q1 24	$62.2K	245
Q2 24	$46.7K	245
Q3 24	$51.8K	245
Q4 24	$45.8K	269
Q1 25	$45.2K	269
Q2 25	$52.4K	269
Q3 25	$55.0K	269

Revenue / Employee