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Cineverse vs iQIYI: revenue, profit, margins and growth compared

Cineverse brought in $65.7M of revenue in fiscal 2026, iQIYI $3.9B in fiscal 2025. Revenue changed by -15.9% at Cineverse and -2.5% at iQIYI on the year before, so iQIYI grew faster. Cineverse kept -13.2% of its revenue as net profit, iQIYI -0.8%.

Side by side, latest fiscal year

CNVSIQ
Fiscal year endedFY2026 (March 31, 2026)FY2025 (December 31, 2025)
Revenue$65.7M$3.9B
Revenue growth-15.9%-2.5%
Net income-$8.7M-$29.5M
Net margin-13.2%-0.8%
Free cash flown/a$1.4M
Free cash flow marginn/a0.0%
Earnings per share (diluted)-$0.49n/a
Cash$3.4M$622.7M
Debtn/a$105.6M
Price to earningsn/an/a
Market value$48M$984.3M
Dividend yieldn/an/a
Rank by revenue in sector#709 of 778 · Consumer discretionary#244 of 778 · Consumer discretionary

Over the years

Revenue
CNVS FY2019: $53.5MCNVS FY2020: $39.3MCNVS FY2021: $31.4MCNVS FY2022: $56.1MCNVS FY2023: $68MCNVS FY2024: $49.1MCNVS FY2025: $78.2MCNVS FY2026: $65.7MIQ FY2018: $3.6BIQ FY2019: $4.2BIQ FY2020: $4.6BIQ FY2021: $4.8BIQ FY2022: $4.2BIQ FY2023: $4.5BIQ FY2024: $4BIQ FY2025: $3.9BFY18FY19FY20FY21FY22FY23FY24FY25FY26
CNVS $65.7MIQ $3.9B
Net income
CNVS FY2019: -$16.2MCNVS FY2020: -$14.7MCNVS FY2021: -$62.9MCNVS FY2022: $2.3MCNVS FY2023: -$9.7MCNVS FY2024: -$21.3MCNVS FY2025: $3.8MCNVS FY2026: -$8.7MIQ FY2018: -$1.3BIQ FY2019: -$1.5BIQ FY2020: -$1.1BIQ FY2021: -$968.1MIQ FY2022: -$19.7MIQ FY2023: $271.2MIQ FY2024: $104.7MIQ FY2025: -$29.5MFY18FY19FY20FY21FY22FY23FY24FY25FY26
CNVS -$8.7MIQ -$29.5M
Net margin
CNVS FY2019: -30.3%CNVS FY2020: -37.5%CNVS FY2021: -200.2%CNVS FY2022: 4.1%CNVS FY2023: -14.3%CNVS FY2024: -43.3%CNVS FY2025: 4.8%CNVS FY2026: -13.2%IQ FY2018: -36.5%IQ FY2019: -35.6%IQ FY2020: -23.7%IQ FY2021: -20.2%IQ FY2022: -0.5%IQ FY2023: 6.0%IQ FY2024: 2.6%IQ FY2025: -0.8%FY18FY19FY20FY21FY22FY23FY24FY25FY26
CNVS -13.2%IQ -0.8%
Revenue growth
CNVS FY2020: -26.6%CNVS FY2021: -20.0%CNVS FY2022: +78.4%CNVS FY2023: +21.4%CNVS FY2024: -27.8%CNVS FY2025: +59.1%CNVS FY2026: -15.9%IQ FY2019: +14.6%IQ FY2020: +9.3%IQ FY2021: +5.3%IQ FY2022: -12.3%IQ FY2023: +6.8%IQ FY2024: -10.8%IQ FY2025: -2.5%FY19FY20FY21FY22FY23FY24FY25FY26
CNVS -15.9%IQ -2.5%
Free cash flow
CNVS FY2021: -$26.5MCNVS FY2022: $4.6MCNVS FY2023: -$10.1MCNVS FY2024: -$11.7MIQ FY2018: $330.5MIQ FY2019: $454.8MIQ FY2020: -$866.2MIQ FY2021: -$975MIQ FY2022: -$35.5MIQ FY2023: $466.9MIQ FY2024: $278.2MIQ FY2025: $1.4MFY18FY19FY20FY21FY22FY23FY24FY25
CNVS -$11.7MIQ $1.4M

Fiscal years as each company reports them; the two may end in different months.

Questions about Cineverse and iQIYI

Which is bigger by revenue, Cineverse or iQIYI?

iQIYI is bigger by revenue: $3.9B in fiscal 2025, against $65.7M for Cineverse in fiscal 2026.

Which keeps more of its revenue as profit, Cineverse or iQIYI?

Cineverse had a net margin of -13.2% in fiscal 2026; iQIYI had -0.8% in fiscal 2025.

Which grew revenue faster, Cineverse or iQIYI?

In their latest fiscal years revenue changed by -15.9% at Cineverse and -2.5% at iQIYI.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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