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CNVS

Cineverse Corp.
CIK 0001173204 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
90.3
composite ยท 4 signals ยท TRIGGERED

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-01 ยท FY 2026-03-31 ยท TRIGGERED100.0

Earnings quality

Beneish M-Score -0.25 exceeds the -1.78 manipulation threshold
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-06-26) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -0.246,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 2.915,
    "GMI": 1,
    "AQI": 1.333,
    "SGI": 0.841,
    "DEPI": 0.941,
    "SGAI": 1.861,
    "LVGI": 1.018,
    "TATA": 0.137
  },
  "defaulted_to_neutral": [
    "GMI"
  ],
  "sloan_accruals": 0.1759,
  "inputs": {
    "revenue_t": 65733000,
    "revenue_t1": 78181000,
    "total_assets_t": 130281000,
    "net_income_t": -8657000,
    "cfo_t": -26497000
  },
  "stale": false,
  "latest_filing_period": "2026-03-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1173204/000119312526284027/0001193125-26-284027-index.htm",
    "form": "10-K",
    "filed": "2026-06-26"
  }
}
P-12 ยท FY 2026-03-31 ยท TRIGGERED100.0

Restatement predictor

F-Score 3.78 โ€” misstatement risk 3.8x the base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-06-26) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 3.778,
  "probability": 0.01398,
  "components": {
    "rsst": 0.1759,
    "drec": 0.2254,
    "dinv": null,
    "soft": 0.944,
    "dcs": -0.4515,
    "droa": -0.1184,
    "issue": 1
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2026-03-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1173204/000119312526284027/0001193125-26-284027-index.htm",
    "form": "10-K",
    "filed": "2026-06-26"
  }
}
P-05 ยท FY 2025-03-31 ยท ELEVATED83.0

Tax arbitrage

ETR 2.7% vs 21% statutory โ€” gap persistent across 1 of 1 years
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-06-26) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2025-03-31": 0.0274
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2025-03-31": 0.1826
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2026-03-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1173204/000119312526284027/0001193125-26-284027-index.htm",
    "form": "10-K",
    "filed": "2026-06-26"
  }
}
P-13 ยท FY 2025-03-31 ยท ELEVATED20.0

Zombie / distress

Altman Z'' -20.28 in the distress zone
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-06-26) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2026-03-31": null,
    "2025-03-31": 1.815,
    "2024-03-31": -14.728,
    "2023-03-31": -6.915
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": -20.283,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": 7924000,
    "interest_expense_t": 4365000
  },
  "stale": false,
  "latest_filing_period": "2026-03-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1173204/000119312526284027/0001193125-26-284027-index.htm",
    "form": "10-K",
    "filed": "2026-06-26"
  }
}