KUSTOM ENTERTAINMENT, INC.
KUSTNasdaqTechnology · Radio & Tv Broadcasting & Communications Equipment · NV · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $13.8M | $19.7M | $28.2M | $37.0M | $21.4M | $10.5M |
| Operating income | −$10.9M | −$15.2M | −$22.2M | −$29.7M | −$14.8M | −$7.7M |
| Net income | −$6.7M | $35.0M | −$25.5M | −$18.9M | $25.5M | −$2.6M |
| Total assets | $19.3M | $27.7M | $47.0M | $56.7M | $83.0M | $20.8M |
| Total liabilities | $17.0M | $36.8M | $35.6M | $20.3M | $27.1M | $6.4M |
| Equity | $2.4M | $2.4M | $11.4M | $36.3M | $55.9M | $14.4M |
| EPS (diluted) | $-17.23 | $-5.58 | $-9.22 | $-8.50 | $10.14 | $-0.12 |
| Shares out. | 115.6M | 2.8M | 2.8M | 49.4M | 51.5M | 16.0M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −79.1%
- Net margin
- −48.5%
- Return on equity
- −281.5%
- Return on assets
- −34.5%
- Return on capital (ROCE)
- −123.8%
- Liabilities / assets
- 87.7%
- Debt / equity
- 7.16×
- Book value / share
- $0.02
- Revenue growth (YoY)
- −30.0%
- Net income growth (YoY)
- −119.1%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -28.46distress
- Accruals / assets
- 9.0%moderate
- Beneish M-Score
- -1.71elevated
- Piotroski F-Score
- 3/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 2 severe● 6 warning● 0 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Beneish M-Score elevated — earnings-manipulation screen flag
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Mar 31, 2026
- NT 10-Qmissed a reporting deadline ↗Aug 14, 2025
- NT 10-Qmissed a reporting deadline ↗May 15, 2025
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2025
- NT 10-Qmissed a reporting deadline ↗Nov 15, 2024
- NT 10-Qmissed a reporting deadline ↗Aug 14, 2024
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Yield Point Ny LlcPassive (13G)May 12, 2026
- Anson Funds Management LpPassive (13G)Aug 14, 2025
- Danske Bank A/SActivist (13D)May 19, 2025
- Altium Capital Management LlcPassive (13G)May 15, 2025
- L1 Capital Global Opportunities Master Fund, Ltd.Passive (13G)May 15, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 39,463 | 1.0 | -9.9% |
| Apr 30, 2026 | 43,808 | 1.0 | -56.4% |
| Apr 15, 2026 | 100,514 | 1.0 | +20.8% |
| Mar 31, 2026 | 83,192 | 1.1 | -14.1% |
| Mar 13, 2026 | 96,831 | 1.0 | -40.8% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Amended charter or bylaws · Other material eventApr 22, 2026
- Other material eventApr 17, 2026
- Results of operations · Regulation FD disclosureApr 13, 2026
- Director / officer changeJan 27, 2026
- Director / officer changeJan 22, 2026
- Entered a material agreement · Completed an acquisition or disposition · Other material eventJan 12, 2026
- Amended charter or bylaws · Other material eventJan 8, 2026
- Entered a material agreement · New financial obligation · Unregistered equity sale · Shareholder voteDec 22, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (1)
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