Cineverse Corp.
For the period ended Dec 31, 2025. Filed Feb 17, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2025 · Filed Feb 17, 2026
CNVS$1.52+0.7%Stored close · as of Nov 6, 2026
Contents
Item 1. Unaudited Condensed Consolidated Statements of Operations for the Three and Nine Months ended December 31, 2025 and 2024
(In thousands, except per share data)
| Three Months Ended December 31, | Nine Months EndedDecember 31, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenues | $16,286 | $40,740 | $39,762 | $62,606 |
| Costs and expenses | ||||
| Direct operating | 5,049 | 20,997 | 15,070 | 31,738 |
| Selling, general and administrative | 10,690 | 9,361 | 31,049 | 22,288 |
| Depreciation and amortization | 1,203 | 946 | 3,411 | 2,783 |
| Total operating expenses | 16,942 | 31,304 | 49,530 | 56,809 |
| Operating (loss) income | (656) | 9,436 | (9,768) | 5,797 |
| Interest expense | (195) | (2,342) | (64) | (3,110) |
| Other (expense) income, net | (5) | 73 | (51) | 238 |
| Net (loss) income before income taxes | (856) | 7,167 | (9,883) | 2,925 |
| Income tax expense | (19) | (6) | (53) | (19) |
| Net (loss) income | (875) | 7,161 | (9,936) | 2,906 |
| Net income attributable to noncontrolling interest | (49) | (48) | (137) | (155) |
| Net (loss) income attributable to controlling interests | (924) | 7,113 | (10,073) | 2,751 |
| Preferred stock dividends | (89) | (89) | (267) | (266) |
| Net (loss) income attributable to common stock holders | $(1,013) | $7,024 | $(10,340) | $2,485 |
| Net (loss) income per share attributable to common stock holders: | ||||
| Basic | $(0.05) | $0.38 | $(0.57) | $0.13 |
| Diluted | $(0.05) | $0.34 | $(0.57) | $0.12 |
| Weighted average shares of Common Stock outstanding: | ||||
| Basic | 19,218 | 15,880 | 18,223 | 15,766 |
| Diluted | 19,218 | 17,774 | 18,223 | 17,573 |
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME
| Three Months Ended December 31, | Nine Months EndedDecember 31, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Net (loss) income | $(875) | $7,161 | $(9,936) | $2,906 |
| Other comprehensive loss: | ||||
| Foreign exchange translation | 43 | (9) | 26 | 39 |
| Net income attributable to noncontrolling interest | (49) | (48) | (137) | (155) |
| Comprehensive (loss) income | $(881) | $7,104 | $(10,047) | $2,790 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
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