secwatch.observer — SEC 8-K summary
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Issuer:     Cineverse Corp. (CNVS)
CIK:        0001173204
Form:       8-K
Filed at:   2025-11-14T23:59:59+00:00
Accession:  0001193125-25-283328
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cineverse Q2 FY2026 net loss widens to $5.7M, revenue down 3% YoY
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- Revenue $12.4M (down 3% YoY); Direct Operating Margin 58% (up 7pp).
- Net loss $(5.7)M ($(0.31)/share) vs $(1.4)M ($(0.09)/share) a year ago.
- Adjusted EBITDA $(3.7)M vs $0.5M prior; SG&A rose $5.0M to $11.4M on Toxic Avenger marketing and investments.
- Cash $2.3M, $5.9M available on $12.5M credit line; net working capital $(1.3)M.
- Content library valuation indication $45M vs book $3.2M; MicroCo venture and Matchpoint 3.0 launched.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1173204/000119312525283328/0001193125-25-283328-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1173204/000119312525283328/cnvs-20251114.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-283328

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer