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Financial statements

Lionsgate Studios Corp. financial statements

Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data Lionsgate Studios Corp. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2021FY2022FY2023FY2025FY2025FY2026
Revenue3,0842,4502,5852,632
General and administrative387385358398
Operating income140-14.5-18.197.1
Interest expense163247262260
Interest income6.418.51517.9
Pre-tax income5.4-240-277-159
Income tax14.321.717.216.2
Income from continuing operations-248-283-182
Net income to minority interests-8.6-13.4-11.66.3
Net income-18.9-188-2,010-1,103-362-198
EBITDA1581.1-0.3115
EPS, basic0.00-4.58-1.43-0.70
EPS, diluted0.00-4.58-1.43-0.70
Shares, basic (weighted)23.2244249285
Shares, diluted (weighted)23.2244249285

Balance sheet

FY2021FY2022FY2023FY2025FY2025FY2026
Cash and equivalents270251277213342
Receivables689586785
Other current assets373362362
Total current assets1,3721,2361,489
Property, plant and equipment37.334.134.9
Lease right-of-use assets344294263
Goodwill796811809847
Intangible assets25.720.825.8
Other non-current assets853827761
Total assets5,1036,8225,327
Accounts payable247257213
Accrued liabilities282229354
Deferred revenue171202370
Short-term debt860134162
Total current liabilities3,6423,4673,047
Long-term debt9231,8391,778
Lease liabilities330291261
Other non-current liabilities453417308
Total liabilities6,1307,0816,377
Total debt1,7831,9731,940
Retained earnings-1,249-3,534-3,733
Other comprehensive income96.772.643.4
Shareholders' equity-1,152-265-1,193
Minority interests2.2-8829.4
Total equity-260786-311-353-1,164
Total liabilities and equity5,1036,8225,327

Cash flow statement

FY2021FY2022FY2023FY2025FY2025FY2026
Net income-18.9-188-8.9-1,116-374-192
Depreciation and amortization17.915.617.817.6
Stock-based compensation73.470.25778
Deferred income tax1.60.6-0.42.9
Change in receivables-13796.318328.7
Change in payables57.4-36.7-115-72.5
Cash from operations346397-16624.8
Capital expenditures-6.5-9.9-13.5-13.4
Cash from investing31.3-377-53-8.7
Debt issued1,5233,1454,2352,950
Stock issued0.50.70.4
Cash from financing-39539.6144111
Exchange rate effect-1.80.8-3.1
Net change in cash-17.159.6-74.8127
Free cash flow340387-18011.4
Interest paid138222241269
Income taxes paid14.322.120.114.1

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $10.85 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Operating margin4.6%Operating income / revenue.
EBITDA margin5.2%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-3.3%Pre-tax income / revenue.
Net margin-4.1%Net income / revenue.
FCF margin3.4%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin3.8%Cash from operations / revenue.
Return on assets (ROA)-2.2%Net income / average total assets.
Return on invested capital (ROIC)38.1%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue4.0%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue0.4%Capital expenditures / revenue.
D&A / revenue0.6%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y1.8%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y-5.1%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 3y-11.4%Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 3y-10.0%Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 3y-58.5%Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 3y-67.7%Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y-21.9%Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y14.7%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y130.7%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.44xCurrent assets / current liabilities.
Quick ratio0.33x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.13x(Cash + short-term investments) / current liabilities.
Debt / assets35.7%Total debt / total assets.
Liabilities / assets119.8%Total liabilities / total assets.
Net debt$1.48BTotal debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA9.78xNet debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage0.54xOperating income / interest expense.
Working capital-$1.86BCurrent assets - current liabilities.
Goodwill and intangibles / assets16.3%(Goodwill + intangible assets) / total assets.
Tangible book value-$2.07BShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.54xRevenue / average total assets.
Fixed asset turnover83.6xRevenue / average property, plant and equipment.
Receivables turnover4.33xRevenue / average receivables.
Days sales outstanding84 days365 x average receivables / revenue.
Capex / operating cash flow11.6%Capital expenditures / cash from operations, when that is positive.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.41Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$9.89Revenue / diluted weighted shares.
FCF per share$0.33Free cash flow / diluted weighted shares.
Operating cash flow per share$0.38Cash from operations / diluted weighted shares.
Book value per share-$4.12Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share-$7.10Tangible book value / shares outstanding.
Cash per share$1.46(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$3.23BShare price x shares outstanding.
Enterprise value$4.70BMarket cap + total debt - cash - short-term investments.
P/S1.12xMarket cap / revenue.
P/FCF33.2xMarket cap / free cash flow. Only when free cash flow is positive.
P/OCF29.4xMarket cap / cash from operations, when positive.
EV/Sales1.63xEnterprise value / revenue.
EV/EBIT35.3xEnterprise value / operating income, when both are positive.
EV/EBITDA31.2xEnterprise value / EBITDA, when both are positive.
EV/FCF48.5xEnterprise value / free cash flow, when both are positive.
FCF yield3.0%Free cash flow / market cap.
Earnings yield-3.7%Net income / market cap (the inverse of P/E).
What was Lionsgate Studios Corp.'s revenue in fiscal 2026?

Lionsgate Studios Corp. reported revenue of $2.63B for fiscal 2026, 1.8% higher than the year before.

Was Lionsgate Studios Corp. profitable in fiscal 2026?

No. It reported a net loss of $198.3M.

How much free cash flow did Lionsgate Studios Corp. generate in fiscal 2026?

Cash from operations of $24.8M minus capital expenditures of $13.4M left free cash flow of $11.4M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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