Assay

Financial-condition grades for SEC filers

Company Report · as of Oct 9, 2026

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MethodCoverageAbout
Cineverse Corp.CNVS · other
GradeNonecomputable_factors_below_threshold: 6 of 14 inputs computable; 7 are required
Reliability0.87 AUCfailure model, filers with $120M to $591M assets; 95% interval 0.83 to 0.90; 206 events, 2020 to 2025
Peer failure rate1.03% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025
Size band$120M to $591M assetstotal assets $130.3M[1]
Standard universeinsiderevenue above $1M and assets above $10M[1-2]
Warningsdilution, short runway, thin datanot computable: distress, fortress balance sheet
Inputs computable6 of 14
Graded fromfilings received through Jun 26, 2026105 days before the rescan; every figure keyed to the SEC receipt date
Last close$1.932026-10-08; market equity $45.8M; iex feed
Price used in gradeNone
Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history
$2$3NovDecJanFebMarAprMayJunJulAugSepOctC/DC$1.93
ABCDE20132014201520162017201820192020202120222023202420252026

Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date.

Open this report as it stood on

Letter setLetterPercentileBand
Jan 21, 2012nonen/a
Jun 21, 2012nonen/aQ3
Jul 21, 2019nonen/aQ2
Jul 21, 2022E91.1Q2
Jul 21, 2024D67.6Q2
Jul 21, 2025C/D60.6Q2
Feb 21, 2026C55.3Q2
Jul 21, 2026nonen/aQ3

Each date opens the report as it stood on that rescan.

Business, in the company's words. Opening of Item 1 of the 10-K received Jun 26, 2026; the document on sec.gov.

Cineverse Corp. (“Cineverse”, “us”, “our”, "we", and “Company” refers to Cineverse Corp. and its subsidiaries unless the context otherwise requires) was incorporated in Delaware on March 31, 2000. The Company has a long legacy in using technology to transform the entertainment industry and played a pioneering role in transitioning movie screens from traditional analog film prints to digital distribution. In recent years, Cineverse has transformed itself into a leading technology and independent streaming company.

Warnings [top]

Dilution. split-adjusted year-over-year share growth is 36.9%[3-4]
Short runway. cash runway is 3.9 months[5]
Thin data. 6 of 14 grade factors are computable; minimum is 7

7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.

The Fourteen Inputs [top]

Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.

InputPercentile, 0 to 100ValueSourcePeer medianPercentilePeersPeriod end
Profitability, sleeve percentile 96.0
Gross profitabilitynot computable27.1%
latest aligned inputs end 2022-03-31; latest annual assets end 2026-03-31
Return on invested capitalnot computable10.0%
one or more required annual facts are missing
Accruals ratio17.6%[1,6-8](5.9%)96.05062026-03-31
Gross margin stability, five yearsnot computable2.2 pts
five annual gross margins are required; found 1
Solvency, sleeve percentile 83.5
Twelve-month failure probabilitynot computable0.04%
four consecutive discrete net-income quarters are required; found 4
Altman Z double-prime(13.63)[1,9-14]2.0591.73862026-03-31
Net debt to EBITDAnot computable2.52x
one or more required annual facts are missing
Interest coveragenot computable2.18x
latest aligned inputs end 2025-03-31; latest annual assets end 2026-03-31
Current ratio0.81x[9-10]1.32x75.25062026-03-31
Growth and financing, sleeve percentile 62.2
Revenue growth, three-year compound(1.1%)[2,15-17]5.1%71.94032026-03-31
Free cash flow growth, three-year compoundnot computable8.7%
four consecutive annual FCF observations are required; found 2
Reinvestment ratenot computable11.9%
pretax income must exceed the validity floor and imply a 0%-100% tax rate
Asset growth, three years14.0%[1,8,18-19]4.1%22.24382026-03-31
Net share issuance, one year36.9%[3-4](0.4%)92.43562026-06-19

Gross profitability. Revenue less cost of goods sold, over total assets.

Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.

Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.

Twelve-month failure probability. CHS model; lower is stronger.

Net debt to EBITDA. Lower is stronger.

Net share issuance, one year. Split-adjusted; lower is stronger.

Among 336 Peers [top]

What the Price Implies [top]

Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.

MeasureValuePeer medianPercentileReading
Twelve-month price change, skipping the latest month(29.2%)2.0%21hotter than 21 of 100 peers
Distance from 52-week high(41.7%)(26.8%)29closer to its high than 29 of 100 peers
EBIT to enterprise value(6.3%)4.4%11pricier than 89 of 100 peers
Free cash flow yield(25.4%)4.1%7pricier than 93 of 100 peers
Book value to price0.870.3483pricier than 17 of 100 peers
Sales to price1.430.7072pricier than 28 of 100 peers
Composite equity issuance, five years104.1%(8.8%)94more equity-funded than 94 of 100 peers
Relative strength against the sector, log excess return(0.49)(0.13)21ahead of 21 of 100 peers

Inputs: market equity $45.9M; EBIT -$15.2M; free cash flow -$11.7M; book equity $40.1M; sales $65.7M; debt $198.2M; cash $4.3M[20].

Diagnostics [top]

Diagnostics do not feed the grade.

Piotroski F-score: None of 9, period end 2026-03-31
Return on assets above zero(11.9%)✗ fail[6,8]
Operating cash flow above zero-$26.5M✗ fail[7]
Return on assets improved(17.8 pts)✗ fail[6,8,18,21]
Operating cash flow exceeds net income-$17.8M✗ fail[6-7]
Long-term leverage felln/a[1,8,18]
Current ratio improved(30.0 pts)✗ fail[9-10,22-23]
No new shares issued36.9%✗ fail[3-4]
Gross margin improvedn/a
Asset turnover improved(30.8 pts)✗ fail[2,8,15,18]
Cash, filings, liquidity
Cash and equivalents$4.3M[5]
Operating cash flow, four quarters-$13.1M[5,7,24-27]
Months of runway3.9
Late filings, two years0
NT 10-K or NT 10-Q
Days since last periodic filing57
10-Q received Aug 13, 2026
Median daily dollar volume$236,860
63 sessions
Days since newest grade input105

Downloads [top]

Sources [top]

Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.

#ConceptXBRL tagValuePeriod endReceivedFormLinks
1assetsus-gaap:Assets$130.3M2026-03-312026-06-2610-Kfiling · viewer · series
2revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$65.7M2026-03-312026-06-2610-Kfiling · viewer · series
3shares outstandingdei:EntityCommonStockSharesOutstanding23,417,0212026-06-192026-06-2610-Kfiling · viewer · series
4shares outstandingdei:EntityCommonStockSharesOutstanding17,108,0622025-06-202025-06-3010-Kfiling · viewer · series
5cashus-gaap:CashAndCashEquivalentsAtCarryingValue$4.3M2026-06-302026-08-1310-Qfiling · viewer · series
6net incomeus-gaap:NetIncomeLoss-$8.7M2026-03-312026-06-2610-Kfiling · viewer · series
7operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$26.5M2026-03-312026-06-2610-Kfiling · viewer · series
8assetsus-gaap:Assets$72.5M2025-03-312026-06-2610-Kfiling · viewer · series
9current assetsus-gaap:AssetsCurrent$50.8M2026-03-312026-06-2610-Kfiling · viewer · series
10current liabilitiesus-gaap:LiabilitiesCurrent$63.0M2026-03-312026-06-2610-Kfiling · viewer · series
11retained earningsus-gaap:RetainedEarningsAccumulatedDeficit-$510.1M2026-03-312026-06-2610-Kfiling · viewer · series
12operating incomeus-gaap:OperatingIncomeLoss-$15.2M2026-03-312026-06-2610-Kfiling · viewer · series
13book equityus-gaap:StockholdersEquity$44.3M2026-03-312026-06-2610-Kfiling · viewer · series
14liabilitiesus-gaap:Liabilities$86.9M2026-03-312026-06-2610-Kfiling · viewer · series
15revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$78.2M2025-03-312026-06-2610-Kfiling · viewer · series
16revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$49.1M2024-03-312025-06-3010-Kfiling · viewer · series
17revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$68.0M2023-03-312024-07-0110-Kfiling · viewer · series
18assetsus-gaap:Assets$64.4M2024-03-312025-06-3010-Kfiling · viewer · series
19assetsus-gaap:Assets$88.0M2023-03-312024-07-0110-Kfiling · viewer · series
20shares outstandingdei:EntityCommonStockSharesOutstanding23,771,3872026-08-072026-08-1310-Qfiling · viewer · series
21net incomeus-gaap:NetIncomeLoss$3.8M2025-03-312026-06-2610-Kfiling · viewer · series
22current assetsus-gaap:AssetsCurrent$38.1M2025-03-312026-06-2610-Kfiling · viewer · series
23current liabilitiesus-gaap:LiabilitiesCurrent$34.4M2025-03-312026-06-2610-Kfiling · viewer · series
24operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$994,0002026-06-302026-08-1310-Qfiling · viewer · series
25operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$23.3M2025-12-312026-02-1710-Qfiling · viewer · series
26operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$21.7M2025-09-302025-11-1410-Qfiling · viewer · series
27operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$14.3M2025-06-302026-08-1310-Qfiling · viewer · series

Limitations [top]

Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.

Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.

Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.

Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.

Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.

Informational and educational only. Not investment advice. SEC and market data may contain errors.

If you have any comments about this page, the methodology and every line of code that produced it are in the public repository. However, due to the limited number of personnel, we are unable to provide a direct response.

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Source
GitHub · ezrakruger.cc
Photographs from Wikimedia Commons

bull: Raphael Schön from Vienna, Austria, CC BY 2.0; bear: U. S. Fish and Wildlife Service - Northeast Region, Public domain; elk: Oregon Department of Fish & Wildlife, Public domain; tortoise: NPS, Public domain; sloth: Charles J. Sharp, CC BY-SA 3.0; fox: Cp9asngf, CC BY-SA 4.0; sector-business_equipment: Sangitiana Fararano, CC BY-SA 2.0; sector-healthcare: User:Squidonius, myself, and User:Beliason (assumed)., CC BY-SA 4.0; sector-manufacturing: unknown, CC BY-SA 2.0; sector-shops: Wilfredor, CC BY-SA 4.0; sector-consumer_nondurables: Nielsoncaetanosalmeron, CC BY 4.0; sector-utilities: Lijovklm, CC BY-SA 4.0; sector-consumer_durables: Stilfehler, CC BY-SA 4.0; sector-chemicals: PEO ACWA, CC BY 2.0; sector-energy: Arne Hückelheim, CC BY-SA 3.0; sector-telecom: Wikideas1, CC0; sector-other: Downtowngal, CC BY-SA 4.0.

Updated Oct 9, 2026