Dolphin Entertainment Inc (DLPN)
NASDAQ:DLPN
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Dolphin Entertainment
(NASDAQ:DLPN)
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Rating:52Neutral
Price Target:
$1.50
▼(-6.25% Downside)
Action:ReiteratedDate:03/27/26
The score is held back primarily by weak financial fundamentals (ongoing losses, negative free cash flow, and leverage against a shrinking equity base). Offsetting this, the latest earnings call showed clear operational momentum and constructive guidance with improving EBITDA and narrowing GAAP losses. Technicals are neutral and valuation is not meaningfully supported by the provided P/E/dividend data.
Positive Factors
Sustained revenue growth
Consistent top-line growth—including a 10% FY increase and a 27% organic Q4—indicates expanding client demand and successful service penetration. Over 2–6 months this supports recurring fee opportunities, stronger client pipelines, and a larger base to scale higher-margin offerings and absorb fixed costs.
Negative Factors
High leverage vs equity
Debt materially exceeds the equity cushion, raising solvency risk if operating improvement stalls. Elevated leverage constrains strategic flexibility, increases interest and covenant exposure, and makes the company more reliant on consistent EBITDA gains to avoid dilutive or costly refinancing.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained revenue growth
Consistent top-line growth—including a 10% FY increase and a 27% organic Q4—indicates expanding client demand and successful service penetration. Over 2–6 months this supports recurring fee opportunities, stronger client pipelines, and a larger base to scale higher-margin offerings and absorb fixed costs.
Read all positive factors
Dolphin Entertainment (DLPN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$19.00M
Dividend YieldN/A
Average Volume (3M)62.99K
Price to Earnings (P/E)4.1
Beta (1Y)1.07
Revenue Growth3.86%
EPS Growth81.68%
CountryUS
Employees269
SectorCommunication Services
Sector Strength97
IndustryEntertainment
Share Statistics
EPS (TTM)0.10
Shares Outstanding12,419,646
10 Day Avg. Volume100,764
30 Day Avg. Volume62,990
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)1.86
Price to Sales (P/S)0.32
P/FCF Ratio-8.89
Enterprise Value/Market Cap1.98
Enterprise Value/Revenue0.66
Enterprise Value/Gross Profit1.79
Enterprise Value/Ebitda49.14
Forecast
1Y Price Target
$5.00Price Target Upside212.50% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.18
Revenue Forecast (FY)$63.80M
Dolphin Entertainment Business Overview & Revenue Model
Company Description
Dolphin Entertainment, Inc., together with its subsidiaries, operates as an independent entertainment marketing and premium content development company in the United States. It operates in two segments, Entertainment Publicity, and Marketing and C...
How the Company Makes Money
Dolphin Entertainment makes money mainly by providing marketing, publicity, and strategic communications services to entertainment and consumer-facing clients and charging fees for those services. Its core revenue stream is service revenue from ca...
Dolphin Entertainment Earnings Call Summary
Earnings Call Date:Mar 25, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 18, 2026
Earnings Call Sentiment Positive
The call presented a clear improvement in operating results and strong evidence of operating leverage: organic revenue growth (10% FY, 27% Q4), a >200% increase in adjusted EBITDA, meaningful narrowing of GAAP losses, and strategic initiatives (DealMaker partnership and Dolphin Intelligence) that could drive higher-margin, recurring revenue. Lowlights include an ongoing net loss (~$3.1M), modest absolute adjusted EBITDA margin (5%), seasonality risk, early-stage execution risk on new initiatives, and reliance on future streaming/digital monetization for film projects. On balance, the positive operational momentum, cash-conversion story (NOLs and low capex), and credible near-term catalysts outweigh the remaining risks.Positive Updates
Full-Year Revenue Growth
Total revenue grew ~10% year-over-year to $56.7 million in 2025 (from $51.7 million in 2024).
Negative Updates
GAAP Net Loss Remains
Despite improvement, Dolphin reported a net loss of approximately $3.1 million in 2025 — the company is not yet GAAP profitable on a net income basis.
Read all updates
Q4-2025 Updates
Positive
Negative
Full-Year Revenue Growth
Total revenue grew ~10% year-over-year to $56.7 million in 2025 (from $51.7 million in 2024).
Read all positive updates
Company Guidance
Management guided to continued organic revenue growth in 2026 with adjusted EBITDA growing significantly faster than revenue, building on 2025 results of $56.7M revenue (+10% YoY), Q4 revenue $15.6M (+27% YoY), full-year adjusted EBITDA $2.9M (vs. $0.9M in 2024), Q4 adjusted EBITDA $1.7M (vs. -$0.5M in Q4 2024) and a 5% adjusted EBITDA margin in 2025. Key catalysts called out include ramping DealMaker-related marketing engagements and Dolphin Intelligence services in H2 2026 (DealMaker has raised >$2.4B historically; Reg CF/A raises typically $0.5M–$5M with ~$1k–$2k investor checks, ~2 months prep + ~4 months live and >90% success rates), expected ~ $1M annualized lease savings beginning year-end (NY) with LA lease rolling off end of 2027, ~$127M of federal/state NOLs to shield taxes, a capital-light approach to ventures requiring little-to-no cash, and full repayment of bank debt by the September 29, 2028 maturity.Dolphin Entertainment Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
38
Negative
Cash Flow
26
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 56.70M | 51.68M | 43.12M | 40.51M | 35.73M |
| Gross Profit | 10.16M | 48.42M | 42.25M | 36.94M | 31.85M |
| EBITDA | 1.98M | -8.05M | -17.86M | -1.74M | -3.73M |
| Net Income | -3.09M | -12.60M | -24.40M | -4.78M | -6.46M |
Balance Sheet | |||||
| Total Assets | 58.33M | 58.44M | 66.25M | 75.38M | 52.75M |
| Cash, Cash Equivalents and Short-Term Investments | 9.68M | 8.20M | 6.43M | 6.07M | 7.69M |
| Total Debt | 28.52M | 27.62M | 25.59M | 21.82M | 12.92M |
| Total Liabilities | 48.64M | 46.79M | 46.30M | 41.29M | 29.81M |
| Stockholders Equity | 9.69M | 11.65M | 19.96M | 34.09M | 22.93M |
Cash Flow | |||||
| Free Cash Flow | -2.03M | -159.36K | -5.05M | -4.10M | -1.32M |
| Operating Cash Flow | -2.03M | -157.85K | -5.02M | -4.03M | -1.32M |
| Investing Cash Flow | 233.07K | -2.46M | -4.54M | -7.92M | -3.03M |
| Financing Cash Flow | 2.35M | 4.18M | 9.92M | 10.91M | 3.94M |
Dolphin Entertainment Technical Analysis
Negative
1.60
Price Trends
1.58
Negative
1.59
Negative
1.46
Positive
Market Momentum
-0.02
Negative
45.84
Neutral
45.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DLPN, the sentiment is Negative. The current price of 1.6 is above the 20-day moving average (MA) of 1.55, above the 50-day MA of 1.58, and above the 200-day MA of 1.46, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 45.84 is Neutral, neither overbought nor oversold. The STOCH value of 45.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DLPN.
Dolphin Entertainment Risk Analysis
Dolphin Entertainment disclosed 21 risk factors in its most recent earnings report. Dolphin Entertainment reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Dolphin Entertainment Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
52 Neutral | $19.00M | 4.14 | -55.09% | ― | 3.86% | 81.68% | |
52 Neutral | $53.82M | -3.34 | 128.06% | ― | -32.17% | -135.06% | |
41 Neutral | $38.77M | -1.69 | 100.56% | ― | 7.11% | 69.85% | |
41 Neutral | $36.26M | -0.37 | -270.84% | ― | 88.72% | -85.54% |
* Communication Services Sector Average
DLPN
Dolphin Entertainment
1.53
0.50
48.54%
RDI
Reading International
1.08
-0.11
-9.24%
LVO
LiveOne
4.62
-1.98
-30.01%
ANGH
Anghami Inc.
4.00
-1.65
-29.20%
CPOP
Pop Culture Group
0.30
-0.28
-48.97%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.