Paranovus Entertainment Technology Ltd. income statement PAVS

Annual Quarterly

In fiscal 2026, which ended Mar 31, 2026, Paranovus Entertainment Technology Ltd. reported revenue of $14.6 million. It recorded a net loss of $12.7 million. The operating loss came to $14.7 million, an operating margin of -100.4%. Diluted earnings per share were -$8,485.00. Across the 6 fiscal years shown, revenue shrank from $63.9 million in fiscal 2019 to $14.6 million in fiscal 2026, about 25.6% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

Line	FY 2026 Mar 31, 2026	FY 2024 Mar 31, 2025	FY 2024 Mar 31, 2024	FY 2023 Mar 31, 2023	FY 2022 Mar 31, 2022	FY 2021 Mar 31, 2021	FY 2020 Mar 31, 2020	FY 2019 Mar 31, 2019
Revenue	15	0	0	0 -100.0%	21 -71.0%	71 +9.9%	65 +1.8%	64
Cost of revenue	12	0	0	0 -100.0%	21 -61.5%	53 +53.9%	35 +9.3%	32
Gross profit	2	0	0	0 -100.0%	0 -98.6%	18 -40.2%	30 -5.7%	32
Research and development	—	—	—	1 -17.0%	2 +1.4%	2 -29.6%	2 +9.1%	2
Selling, general and administrative	6	2 -42.3%	2 -38.5%	4 -65.0%	11 -23.8%	15 +18.4%	13 +53.6%	8
Other operating income (expense)	-0	—	—	—	—	—	—	—
Operating income	-15	-7 -69.5%	-4 -6.7%	-4 +64.2%	-11 -831.8%	2 -90.1%	15 -29.5%	22
Interest income	0	0	—	—	—	—	—	—
Interest expense	0	0	0	0	0 -100.0%	0 +14.0%	0 +17.4%	0
Other non-operating income (expense)	0	0 +115.4%	0 +107.2%	-0	—	—	—	—
Pretax income	-14	-7 -63.6%	-4 -0.2%	-4 +58.0%	-10 -717.6%	2 -89.4%	16 -29.1%	22
Income tax	1	0	0	0 -100.0%	0 -99.9%	1 -66.3%	3 -10.7%	3
Net income	-13	-8 +89.0%	-10 +85.9%	-72 -47.0%	-49	—	13 -32.2%	19
Net income to common	-16	—	—	—	—	—	—	—
Basic EPS	—	—	—	-12.63 -935.2%	-1.22	—	—	—
Diluted EPS	-8,485.00	—	—	-12.63 -935.2%	-1.22	—	—	—
Weighted average shares, basic	—	—	5 -16.6%	6 -86.0%	40	—	—	—
Weighted average shares, diluted	0	0 -100.0%	0 -100.0%	6 -86.0%	40	—	—	—
Other measures
Depreciation and amortization	2	0 +1100.0%	0 +1100.0%	0 -8.5%	0 -96.1%	1 +27.5%	1 -1.3%	1
EBITDA	-13	-6 -61.3%	-4 +2.0%	-4 +64.3%	-11 -562.5%	2 -85.0%	16 -28.6%	23
Interest coverage	-55.86x	-173.20x	-109.02x	—	—	13.65x	156.99x	261.44x
Margins
Gross margin	16.54%	12.60%	—	—	1.24%	25.43%	46.75%	50.44%
Operating margin	-100.42%	-9,481.93%	—	—	-53.78%	2.13%	23.67%	34.16%
Pretax margin	-99.14%	-9,788.16%	—	—	-49.13%	2.31%	23.87%	34.26%
Profit margin	-87.20%	-11,033.03%	—	—	-235.08%	—	19.50%	29.28%
EBITDA margin	-86.25%	-8,950.77%	—	—	-53.62%	3.37%	24.73%	35.26%
Effective tax rate	—	—	—	—	—	58.10%	18.31%	14.53%

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. More on our methodology.

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Company profile

Industry: Services-Computer Processing & Data Preparation (SIC 7374)
Listed as: PAVS (Nasdaq)
Fiscal year ends: March 31
Incorporated in: Cayman Islands
Headquarters: New York, NY
SEC filer status: Non-accelerated filer
SEC CIK: 1751876
Former names: Happiness Development Group Ltd (until Feb 27, 2023); Happiness Biotech Group Ltd (until Oct 29, 2021)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.