Cineverse Corp.

For the period ended Mar 31, 2025. Filed Jun 30, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Jun 30, 2025

CNVS$1.66-1.2%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Balance Sheets at March 31, 2025 and 2024

CONSOLIDATED BALANCE SHEETS

(In thousands, except for share and per share data)

	As of March 31,
	2025	2024
ASSETS
Current Assets
Cash and cash equivalents	$13,941	$5,167
Accounts receivable, net of allowance for credit losses of $307 and $269, respectively	15,752	15,106
Employee retention tax credit	79	1,671
Content advances, net of allowance $4,818 and $6,260 respectively	6,736	9,345
Other current assets	1,573	1,432
Total current assets	38,081	32,721
Property and equipment, net	2,876	2,276
Intangible assets, net	18,168	18,328
Goodwill	6,799	6,799
Content advances, net of current portion	4,053	2,551
Other long-term assets, net	2,539	1,703
Total Assets	$72,516	$64,378
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities
Accounts payable and accrued expenses	$31,109	$20,817
Line of credit, net	—	6,301
Current portion of deferred consideration on purchase of business	2,956	3,114
Earnout consideration on purchase of business	—	180
Current portion of operating lease liabilities	187	401
Deferred revenue	183	436
Total current liabilities	34,435	31,249
Deferred consideration on purchase of business, net of current portion	—	457
Operating lease liabilities, net of current portion	275	462
Other long-term liabilities	14	59
Total Liabilities	$34,724	$32,227
Commitments and contingencies (see 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, 2025 and 2024	3,559	3,559
Common Stock, $0.001 par value; Class A Stock: 275,000,000 shares authorized as of March 31, 2025 and 2024; 16,487,947 and 15,985,620 shares issued, with 15,984,129 and 15,699,135 shares outstanding as of March 31, 2025 and 2024, respectively	194	194
Additional paid-in capital	548,405	545,996
Treasury stock, at cost; 503,819 and 288,554 shares as of March 31, 2025 and 2024, respectively	(12,193)	(11,978)
Accumulated deficit	(500,908)	(504,153)
Accumulated other comprehensive loss	(305)	(345)
Total stockholders’ equity of Cineverse Corp.	38,752	33,273
Deficit attributable to noncontrolling interest	(960)	(1,122)
Total equity	37,792	32,151
Total Liabilities and Equity	$72,516	$64,378

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.