Paranovus Entertainment Technology Ltd. financial statements
Income statement, balance sheet and cash flow statement for the last 9 fiscal years, taken from the XBRL data Paranovus Entertainment Technology Ltd. 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
FY2019
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2024
FY2026
Revenue
61.5
63.9
65.1
71.5
20.8
0
0
0.07
14.6
Cost of revenue
32.1
31.7
34.6
53.3
20.5
0
0
0.06
12.2
Gross profit
29.4
32.2
30.4
18.2
0.26
0
0
0.01
2.41
Research and development
1.86
2.16
2.36
1.66
1.68
1.4
Selling and marketing
5.82
6.29
9.18
9.96
8.86
0.91
0
0
0.88
General and administrative
1.44
1.95
3.48
5.03
2.56
3.09
2.46
2.31
4.91
Operating expenses
9.11
10.4
15
16.6
-11.4
4
4.27
6.79
17.1
Operating income
20.2
21.8
15.4
1.53
-11.2
-4
-4.27
-6.78
-14.7
Interest expense
0.13
0.08
0.1
0.11
0
0
0.04
0.26
0.26
Interest income
0.02
0.04
0.07
0.13
0
0
0
0
0.22
Other non-operating income
0.12
0.06
0.13
0.13
0.97
-0.28
-0.02
-0.22
0.19
Pre-tax income
20.4
21.9
15.5
1.65
-10.2
-4.28
-4.29
-7
-14.5
Income tax
2.87
3.18
2.84
0.96
0
0
0
0
1.24
Income from continuing operations
-4.28
-4.29
-7
-15.7
Net income to minority interests
-0.09
-4.83
-0.45
0.2
-0.41
-2.98
Net income
17.5
18.7
12.7
0.79
-48.8
-71.7
-10.1
-7.89
-12.7
EBITDA
20.4
22.5
16.1
2.41
-11.1
-3.97
-3.89
-6.4
-12.6
EPS, basic
0.76
0.81
0.53
0.03
-1.22
-12.63
EPS, diluted
0.76
0.81
0.53
0.03
-1.22
-12.63
-256,753.00
-11,208.00
-8,485.00
Shares, basic (weighted)
23
23
23.8
26.2
40.5
5.68
4.73
Shares, diluted (weighted)
23
23
23.8
26.2
40.5
5.68
0
0
0
Balance sheet
FY2019
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2024
FY2026
Cash and equivalents
8.88
14.8
33.7
36.6
19.7
3.36
0.34
0.26
10.3
Short-term investments
0
4.76
4.95
Receivables
32.6
32
30
34.6
27.4
0
0.01
0
Inventory
2.27
1.97
2.03
1.79
1.39
0.34
0
0.65
0.12
Other current assets
0.03
6.06
0.7
3.07
0.23
0.08
0
0.01
4.37
Total current assets
43.8
54.8
70
95.1
56.6
9.79
2.85
7.19
20.2
Property, plant and equipment
8.79
7.81
7.9
10.5
11.2
0.01
0
0.02
0.11
Lease right-of-use assets
0
0.1
0.23
Goodwill
0.16
10.1
5.18
3.38
17.5
10.9
Intangible assets
0.85
0.77
0.72
1.83
10.1
1.87
1.49
10.8
5.38
Other non-current assets
2.26
6.5
5.14
5.63
0
0
Total assets
53.4
65.7
85.1
113
97.4
36.3
7.73
35.6
36.9
Accounts payable
5.4
1.66
1.55
8.84
12.2
13.5
0
1.73
1.43
Short-term debt
1.49
1.04
2.03
2.24
2.27
2.24
Total current liabilities
15.1
17.9
21
2.56
6.4
2.47
Lease liabilities
0
0
0.08
Other non-current liabilities
0
0.16
0.17
Total liabilities
8.84
4.76
5.51
15.1
20
22.5
2.56
6.56
3.86
Paid-in capital
5.08
5.7
15
26.5
53.9
66.9
64.9
91.3
112
Retained earnings
35.3
53.9
66.6
61.5
12.3
-59.5
-62
-70.3
-83
Other comprehensive income
2.19
-0.8
-4.15
-0.91
4.31
-0.4
2.55
2.53
2.39
Shareholders' equity
44.6
60.9
79.6
94.7
78.1
14.8
5.58
24.3
31.2
Minority interests
2.89
-0.71
-0.89
-0.41
4.75
1.76
Total equity
44.6
60.9
79.6
97.6
77.4
13.9
5.17
29
33
Total liabilities and equity
53.4
65.7
85.1
113
97.4
36.3
7.73
35.6
36.9
Shares outstanding
23
23
25
0
12.1
Cash flow statement
FY2019
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2024
FY2026
Net income
17.5
18.7
12.7
0.69
-54
-72.2
-9.93
-8.31
-15.7
Depreciation and amortization
0.14
0.7
0.69
0.88
0.03
0.03
0.38
0.38
2.07
Stock-based compensation
0.78
1.09
0
0
Deferred income tax
-3.73
3.45
-0.1
Change in receivables
-6.55
-1.6
0.39
-2.11
-0.01
0.01
0
0
-0.44
Change in inventory
2.3
0.15
-0.28
0.39
-0.34
0.34
0
0
0.53
Change in payables
-1.19
-3.38
-0.03
6.72
-4.85
1.31
0
0
-0.3
Cash from operations
12.9
6.54
10.8
2.9
-10.5
-20.7
-13.1
-2.67
-1.4
Capital expenditures
-0.16
-0.28
-1.16
-2.78
-0.27
0
0
0
0
Acquisitions
-9.13
-0.69
0
0
-22.3
0
Purchases of investments
0
0
-4.76
0
Cash from investing
-0.16
-0.28
-1.16
-13.2
-8.48
0.09
11.7
-27
-3.86
Debt issued
0
0
0.16
0.95
Debt repaid
0
0
-3.32
Stock issued
0.63
9.34
11
18.9
3
0
27
19.9
Dividends paid
-8.33
-0.38
Cash from financing
-8.78
0.27
10.4
10.7
18.8
3.15
0
29
15.6
Exchange rate effect
0.62
-0.62
-1.17
2.55
0.1
1.09
-1
0.03
-0.3
Net change in cash
4.62
5.92
18.9
2.9
-0.05
-16.4
-2.41
-0.68
10
Free cash flow
12.8
6.26
9.62
0.12
-10.8
-20.7
-13.1
-2.67
-1.4
Interest paid
0.13
0.08
0.1
0.11
0
0
0
0
0.56
Income taxes paid
2.92
3.01
3.18
1.21
0
0
0
0
0
Key metrics
Worked out from the statements above. Latest values use fiscal 2026. Valuation uses the share price of $4.43 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
16.5%
Gross profit / revenue.
Operating margin
-100.4%
Operating income / revenue.
EBITDA margin
-86.2%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-99.1%
Pre-tax income / revenue.
Net margin
-87.2%
Net income / revenue.
FCF margin
-9.6%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-9.6%
Cash from operations / revenue.
Return on equity (ROE)
-45.9%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-35.2%
Net income / average total assets.
Return on invested capital (ROIC)
-51.5%
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%.
Capex / revenue
0.0%
Capital expenditures / revenue.
D&A / revenue
14.2%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
20,311.0%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 5y
-27.2%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y
26,682.0%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 5y
-33.2%
Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y
28.8%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
28.4%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y
-19.9%
Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y
3.7%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
0.5%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
-20.0%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
113.1%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
-93.6%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
-85.8%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
8.18x
Current assets / current liabilities.
Quick ratio
6.17x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
6.17x
(Cash + short-term investments) / current liabilities.
Net 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
$9,735.00
Revenue / diluted weighted shares.
FCF per share
-$933.35
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$933.35
Cash from operations / diluted weighted shares.
Book value per share
$20,832.00
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
0.26x
Market cap / revenue.
P/B
0.12x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.26x
Market cap / tangible book value, when positive.
FCF yield
-36.3%
Free cash flow / market cap.
Earnings yield
-330.5%
Net income / market cap (the inverse of P/E).
What was Paranovus Entertainment Technology Ltd.'s revenue in fiscal 2026?
Paranovus Entertainment Technology Ltd. reported revenue of $14.6M for fiscal 2026, 20,310.9% higher than the year before.
Was Paranovus Entertainment Technology Ltd. profitable in fiscal 2026?
No. It reported a net loss of $12.7M.
How much free cash flow did Paranovus Entertainment Technology Ltd. generate in fiscal 2026?
Cash from operations of $1.4M minus capital expenditures of $0.0 left free cash flow of -$1.4M.
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.