NASDAQ · Financial Statements

Paranovus Entertainment Technology Ltd. (PAVS) Financial Statements

$2.64 NASDAQ: PAVS Market Cap $2.26M

Paranovus Entertainment Technology Ltd. most recently reported annual revenue of $15.0M, a net loss of $13.0M. Revenue declined at an average annual rate of 26.7% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Paranovus Entertainment Technology Ltd.: Revenue fell from $53.0M in 2016 to $15.0M in 2025, a change of -71.7% over 9 years; net profit was positive in 5 of 10 reported years; operating margin moved from 32.5% to -23.1%, a shift of -55.6 percentage points; the most recent year shows a net loss of $13.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$53.0M$61.0M$64.0M$65.0M$71.0M$89.0M$23.0M$0$0$15.0M
Operating Expenses$36.0M$41.0M$42.0M$50.0M$70.0M$137.0M$28.0M$2.0M$2.0M$18.0M
Operating Profit$17.0M$20.0M$22.0M$15.0M$2.0M$-48.0M$-5.0M$-2.0M$-2.0M$-3.0M
Operating Margin32.5%32.9%34.2%23.7%2.1%-53.2%-19.5%0.0%-3213.6%-23.1%
Other Income$0$0$0$0$0$-10.0M$0$-2.0M$-5.0M$-11.0M
Interest$0$0$0$0$0$0$0$0$0$0
Depreciation$0$0$1.0M$1.0M$1.0M$2.0M$0$0$0$2.0M
Profit Before Tax$17.0M$20.0M$22.0M$16.0M$2.0M$-58.0M$-5.0M$-4.0M$-7.0M$-14.0M
Tax$14.7M$14.1M$14.5M$18.3M$58.1M$6.5M$-70,000$0$0$-8.6M
Net Profit$15.0M$17.0M$19.0M$13.0M$1.0M$-49.0M$-72.0M$-18.0M$-8.0M$-13.0M
EPS$1377.00$1659.10$1797.30$1277.10$72.14$-2916.00$-1516.10$-448.12$-10.69$-2207.28
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

6 duplicate period labels in the source data were collapsed.

MetricSep '20Mar '21Sep '21Mar '22Sep '22Mar '23Sep '23Mar '24Sep '24Mar '25Sep '25Mar '26
Revenue$22.0M$50.0M$47.0M$43.0M$17.0M$6.0M$0$0$0$0$12.0M$2.0M
Operating Expenses$18.0M$52.0M$57.0M$80.0M$19.0M$9.0M$1.0M$1.0M$1.0M$1.0M$13.0M$5.0M
Operating Profit$4.0M$-2.0M$-11.0M$-37.0M$-2.0M$-2.0M$-1.0M$-1.0M$-1.0M$-1.0M$-1.0M$-3.0M
Operating Margin16.9%-4.4%-22.5%-87.0%-12.3%-38.5%0.0%0.0%-1689.8%-36991.7%-5.1%-125.5%
Interest$0$0$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$4.0M$-2.0M$-10.0M$-47.0M$-2.0M$-2.0M$-1.0M$-3.0M$-1.0M$-6.0M$-1.0M$-14.0M
Tax$18.5M$-10.5M$-1.4M$8.2M$-2.1M$1.7M$0$0$0$0$0$-8.9M
Net Profit$3.0M$-2.0M$-10.0M$-39.0M$-19.0M$-52.0M$-15.0M$-2.0M$-2.0M$-6.0M$-1.0M$-12.0M
EPS$305.21$-233.06$-895.99$-1187.40$-1148.20$-367.90$-343.00$-39.18$-8.68$-10.17$-0.97$-7522.32

Over the 10 years reported for Paranovus Entertainment Technology Ltd., borrowings decreased from $2.0M in 2016 to $1.0M in 2025, cash stood at $10.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 10.00 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$42.0M$53.0M$66.0M$85.0M$113.0M$97.0M$36.0M$8.0M$36.0M$37.0M
Current Assets$32.0M$44.0M$55.0M$70.0M$95.0M$57.0M$10.0M$3.0M$7.0M$20.0M
Cash$4.0M$9.0M$15.0M$34.0M$37.0M$20.0M$2.0M$0$0$10.0M
Inventory$4.0M$2.0M$8.0M$6.0M$11.0M$6.0M$0$0$1.0M$0
Receivables$24.0M$33.0M$32.0M$30.0M$35.0M$29.0M$2.0M$0$0$3.0M
Fixed Assets$9.0M$9.0M$8.0M$8.0M$11.0M$11.0M$0$0$0$0
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$0$0$0$0$0$0$0$0$5.0M$5.0M
Other Assets$0$0$0$0$0$10.0M$5.0M$3.0M$18.0M$11.0M
Total Liabilities$18.0M$9.0M$5.0M$6.0M$15.0M$20.0M$22.0M$3.0M$7.0M$4.0M
Current Liabilities$18.0M$9.0M$5.0M$6.0M$15.0M$18.0M$21.0M$3.0M$6.0M$2.0M
Borrowings$2.0M$1.0M$1.0M$2.0M$2.0M$2.0M$2.0M$2.0M$3.0M$1.0M
Other Liabilities$16.0M$7.0M$4.0M$3.0M$13.0M$18.0M$20.0M$0$4.0M$3.0M
Equity$0$0$0$0$0$0$0$0$1.0M$0
Reserves$23.0M$45.0M$61.0M$80.0M$95.0M$78.0M$15.0M$6.0M$24.0M$31.0M

For Paranovus Entertainment Technology Ltd., operating cash flow was positive in 5 of 10 reported years; free cash flow in the latest year was negative at $1.0M; free cash flow was positive in 4 of 10 years; financing activities used $2.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$11.0M$13.0M$7.0M$11.0M$3.0M$-28.0M$-3.0M$-13.0M$-3.0M$-1.0M
Investing Cash Flow$-2.0M$0$-1.0M$-2.0M$-16.0M$-11.0M$0$12.0M$-27.0M$-4.0M
Financing Cash Flow$0$0$1.0M$0$0$0$0$0$2.0M$-2.0M
Net Cash Flow$4.0M$5.0M$6.0M$19.0M$3.0M$-17.0M$-18.0M$-2.0M$0$10.0M
Free Cash Flow$10.0M$13.0M$6.0M$10.0M$0$-31.0M$-3.0M$-13.0M$-3.0M$-1.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.00
EV / EBITDA5.70
FCF Yield-43.34%
Quick Ratio8.13
Interest Coverage-12.86
Return 1Y-100.00%
Return 3Y-100.00%
Return 5Y-100.00%

Paranovus Entertainment Technology Ltd. (PAVS) financials — frequently asked questions

What is Paranovus Entertainment Technology Ltd.'s annual revenue?

Paranovus Entertainment Technology Ltd. (PAVS) reported annual revenue of $15.0M in its most recent fiscal year.

What is Paranovus Entertainment Technology Ltd.'s net profit?

Paranovus Entertainment Technology Ltd. (PAVS) reported a net loss of $13.0M in its most recent fiscal year.

What is PAVS EV/EBITDA?

Paranovus Entertainment Technology Ltd.'s enterprise value to EBITDA (EV/EBITDA) ratio is 5.70.

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