Start here if you're new
what it is
Cineverse sells movies, runs niche streaming channels, and licenses software that helps other companies launch streaming apps.
how it gets paid
Last year Cineverse made $78M in revenue. content distribution was the main engine at $27M, or 35% of sales.
why it's growing
Revenue grew 59.1% last year. The number that mattered was -$0.57 EPS because a stock at 43.8x trailing earnings cannot afford ugly profit surprises.
what just happened
Latest quarter revenue hit $40M, but EPS fell to -$0.57, which is the part you cannot ignore.
At a glance
C++ balance sheet — some cracks in the foundation
20/100 earnings predictability — expect surprises
43.8x trailing p/e — you're paying up for this one
9.3% return on capital — nothing to write home about
$0.16 fy2024 eps est
xvary composite: 39/100 — weak
What they do
Cineverse sells movies, runs niche streaming channels, and licenses software that helps other companies launch streaming apps.
Cineverse wins by owning niche audiences and the pipes that deliver them. Matchpoint (software-as-a-service → software rented over the internet → recurring revenue) gives you a second business model beyond content, and the company does all this with just 213 employees. That is small-company reach with a $78 million revenue base.
How they make money
$78M
annual revenue · their business grew +59.1% last year
content distribution
$27M
owned streaming channels
$23M
matchpoint saas
$16M
ad-supported linear and social
$8M
podcasts and other
$4M
The products that matter
niche streaming services
Streaming Channels
part of $78M total revenue
these channels sit inside a company generating $78M in annual revenue. segment detail is thin here, so you cannot cleanly see which brands are carrying the growth.
audience aggregation
backend video platform
Streaming Tech & Services
supports a $55M market cap story
this platform matters because a $55M company needs software and service revenue that can scale without matching content spend dollar for dollar. the snapshot does not break out segment revenue, so you are underwriting management's mix story on limited disclosure.
operating leverage bet
Key numbers
$78M
annual revenue
That is the current size of the business, and it matters because the whole company is valued at only about $55 million.
43.8x
trailing p/e
P/E → price-to-earnings → how much you pay for each dollar of profit. You are paying a growth multiple for a very small company.
15.0%
operating margin
Operating margin → profit after running the business → what is left before interest and taxes. For every $1 of sales, about $0.15 stays.
$0M
long-term debt
Zero long-term debt means the company is not dragging a large lender bill through a volatile business.
Financial health
C++
strength
- balance sheet grade C++ — below average — limited financial resources
- risk rank 4 — safer than 20% of stocks
- price stability 5 / 100
- long-term debt $0M (1% of capital)
C++ — below average. watch for debt servicing and cash burn.
Total return vs. market
Return history isn't available for CNVS right now.
source: institutional data · return history unavailable
What just happened
missed estimates
Latest quarter revenue hit $40M, but EPS fell to -$0.57, which is the part you cannot ignore.
Revenue grew 144% vs. prior year to $40 million, according to the SEC data provided. But EPS dropped to -$0.57, so the company bought growth and lost the profit line at the same time.
$40M
revenue
$0.57
eps
15.0%
operating margin
the number that mattered
The number that mattered was -$0.57 EPS because a stock at 43.8x trailing earnings cannot afford ugly profit surprises.
source: SEC filing data provided, 2025
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What could go wrong
the #1 risk here is a revenue slowdown hitting before EBITDA improvement becomes durable. In a $55M company with a C++ balance sheet, that gap matters fast.
med
Revenue softness lasts longer than one quarter
Q3 2026 already showed revenue declining from a year ago. If that turns into a pattern, last year's 59.1% growth stops helping the story and starts looking like a one-off spike.
At 43.8x trailing earnings, the stock does not have much patience for a shrinking top line.
med
Thin balance sheet leaves little margin for error
The company has $0M in long-term debt, which helps. The C++ balance sheet grade and 5/100 price stability tell you the capital cushion still looks fragile.
If operations need outside funding, a $55M market cap does not give you luxurious financing options.
med
Acquisitions add complexity before scale shows up
Management highlighted acquisitions alongside improved EBITDA. That is fine if integration works. It is less fine if reporting stays thin and the business gets harder for you to underwrite.
With only $78M in annual revenue, even small execution mistakes can distort margins, cash flow, and investor trust.
The stock can work if revenue keeps scaling, but a company worth about $55 million has very little room for mistakes.
source: institutional data · regulatory filings · risk analysis
Pay attention to
trend
Does revenue reaccelerate after the Q3 dip
One soft quarter can happen. Two or three in a row would tell you last year's 59.1% growth is not the run rate.
metric
Whether EBITDA improvement shows up in cleaner bottom-line results
Management says profitability is improving. You want that to survive beyond adjusted language and reach reported earnings more consistently.
calendar
Fiscal 2026 Q3 earnings call on February 17, 2026
Listen for direct answers on revenue pressure, acquisition integration, and how management defines sustainable profitability from here.
risk
Any sign the balance sheet needs outside help
No long-term debt is good. A C++ balance sheet is not. If financing becomes part of the story, dilution risk moves much closer to the front page.
Analyst rankings
earnings predictability
20 / 100
In human-speak, analysts do not trust these numbers to arrive smoothly.
price stability
5 / 100
This is a highly volatile stock. If you own it, you should expect the quote to behave accordingly.
risk rank
4
Safer than 20% of stocks means riskier than most. The market is not treating CNVS like a dependable operator.
source: institutional data
Institutional activity
institutional ownership data for CNVS is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$2
current price
n/a
target midpoint · n/a from current
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