Cineverse Corp.
CNVS Communication Services Entertainment
Cineverse Corp.’s revenue for fiscal 2026 (year ended March 2026) was $65.7 million, down 15.9% from fiscal 2025. In the quarter to June 2026, revenue grew 175.2%, EPS fell 33.3%, free cash flow grew 90.2% and total debt rose 559.9%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
Follow CNVS
Cineverse Corp. (CNVS) Beneish M-score
Cineverse Corp.'s Beneish M-score for fiscal 2026 is −0.34; values above −1.78 are the model's flag for possible earnings manipulation — a statistical screen, not a finding.
Beneish M-score, annual
Embed this chart
Annual newest first
| Period | Beneish M-score | Change (points) |
|---|---|---|
| FY2026 | −0.34 | 2.59 |
| FY2025 | −2.93 | 0.86 |
| FY2024 | −3.79 | (1.31) |
| FY2023 | −2.48 | (0.56) |
| FY2022 | −1.92 | 3.59 |
| FY2021 | −5.51 | (2.75) |
| FY2020 | −2.76 | 1.25 |
| FY2019 | −4.01 | 0.28 |
| FY2018 | −4.29 | (0.37) |
| FY2017 | −3.93 | 0.34 |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 2.91 | — | 2.68 | |
| Gross margin index | 0.94 | — | 0.50 | |
| Asset quality index | 1.33 | — | 0.54 | |
| Sales growth index | 0.84 | — | 0.75 | |
| Depreciation index | 0.96 | — | 0.11 | |
| SG&A index | 1.86 | — | −0.32 | |
| Total accruals to total assets | 0.14 | — | 0.64 | |
| Leverage index | 1.22 | — | −0.40 | |
| Beneish M-score | Flagged by the model | −0.34 | ||
How the Beneish M-score works
M = −4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI (Beneish, 1999): eight changes in the accounts from one fiscal year to the next, which the model weighs for the pattern seen in companies that later restated their earnings. Higher is worse.
| below −2.22 | Low — no pattern the model associates with manipulation |
|---|---|
| −2.22 to −1.78 | Elevated |
| above −1.78 | Flagged by the model |
−1.78 is the cut-off usually quoted from the paper, −2.22 a common conservative one. A statistical screen, not a finding of wrongdoing.
When asset quality, depreciation or SG&A cannot be worked out, that index is set to 1, as Beneish did, and the breakdown says so; with all three missing there is no score. Depreciation includes amortisation, and asset quality leaves out securities. Not worked out for banks, insurers and REITs.
Beneish M-score against peers
| Company | Beneish M-score |
|---|---|
| MMVVF MultiMetaVerse Holdings Limited compare | −20.0× |
| TOON Kartoon Studios, Inc. compare | −3.4× |
| GAIA Gaia, Inc. compare | −3.0× |
| RDI Reading International Inc compare | −2.9× |
| LFS Leifras Co., Ltd. - Sponsored ADR compare | −2.1× |
| BLMZF Harrison Global Holdings Inc. compare | −1.0× |
| CNVS Cineverse Corp. | −0.3× |
| ANGH Anghami Inc. compare | — |
| NIPG NIP Group Inc. Sponsored ADR compare | — |
What Beneish M-score is
The Beneish M-Score combines eight year-on-year changes in the accounts into a statistical screen for patterns seen in companies that overstated earnings.
−4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI