Alliance Entertainment Holding Corp

ir.aent.com

What Do They Do?

Distributes physical media, video games and collectibles to retailers, online resellers and consumers.

How Do They Make Money?

Retailers and other customers buy entertainment products through invoices issued when most orders ship; consigned products are invoiced when retailers sell them.

FY2026 revenue

Who Are Their Customers?

Retailers, online resellers, independent dealers and other distributors buy from Alliance; its retail brands also sell directly to consumers, and it fulfills orders directly to shoppers for retail partners.

Customers above 10% of revenue, FY2026

of revenue from one customer

FY2025: 15% from one customer

Do Revenues Turn Into Profits?

Yes. Its net income in FY2026 was larger than its revenue, but spent more cash than it brought in: free cash flow was −$2.8M.

Operating income, FY2026

1008% of revenue

▼ −10% vs FY2025 ($30.1M, 1116%)

Net income, FY2026

484% of revenue

▼ −13% vs FY2025 ($15.1M, 558%)

Free cash flow, FY2026

−103% of revenue

▼ Now a loss vs FY2025 ($26.8M, 991%)

How Are They Changing?

Shrinking. Revenue fell 100% in 4 years, from $1.4B in FY2022 to $2.7M in FY2026, about 79% a year.

Authenticated collectibles The older report describes physical entertainment distribution and product platforms; the latest adds authentication and resale technology and a marketplace for authenticated collectibles.

Dedicated studio distribution The older report describes broad physical-product distribution; the latest adds a home-entertainment division with exclusive physical-media distribution agreements for studio content.

Who Do They Compete With?

Competes with CD Listening Bar

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