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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Mar. 31, 2025
Current Assets    
Cash and cash equivalents $ 2,336 $ 13,941
Accounts receivable, net allowance of credit losses of $445 and $307, respectively 13,749 15,752
Content advances, net of allowance $4,575 and $4,818 respectively 5,384 6,736
Other current assets 1,789 1,652
Total current assets 23,258 38,081
Property and equipment, net 3,070 2,876
Intangible assets, net 18,405 18,168
Goodwill 6,799 6,799
Content advances, net of current portion 7,941 4,053
Other long-term assets 2,474 2,539
Total Assets 61,947 72,516
Current Liabilities    
Accounts payable and accrued expenses 17,537 31,109
Line of credit 6,645  
Current portion of deferred consideration on purchase of business   2,956
Current portion of operating lease liabilities 293 187
Other current liabilities 49 183
Total current liabilities 24,524 34,435
Operating lease liabilities, net of current portion 260 275
Other long-term liabilities   14
Total Liabilities 24,784 34,724
Commitments and contingencies (see Note 8)
Stockholders' Equity    
Preferred stock, 15,000,000 shares authorized; Series A 10% - $0.001 par value per share; 20 shares authorized; 7 shares issued and 7 shares outstanding at September 30 and March 31, 2025 3,559 3,559
Common Stock, $0.001 par value; Class A Stock: 275,000,000 shares authorized as of September 30 and March 31, 2025; 19,956,789 and 16,487,947 shares issued, with 19,126,475 and 15,984,129 shares outstanding as of September 30 and March 31, 2025, respectively 197 194
Additional paid-in capital 557,994 548,405
Treasury stock, at cost; 830,315 and 503,819 shares as of September 30 and March 31, 2025, respectively (13,158) (12,193)
Accumulated deficit (510,235) (500,908)
Accumulated other comprehensive loss (322) (305)
Total stockholders' equity of Cineverse Corp. 38,035 38,752
Deficit attributable to noncontrolling interest (872) (960)
Total equity 37,163 37,792
Total Liabilities and Equity $ 61,947 $ 72,516