# Dolphin Entertainment, Inc. (DLPN)

> Source: Nexqual · https://nexqual.com/DLPN · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, Dolphin Entertainment, Inc. (DLPN), nexqual.com/DLPN" · informational, not investment advice.

**Price:** USD 1.02 (-0.47% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 1.02 · day 1–1.05 · 52w 0.93–1.88 · market cap $13.2M · NCM

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $57.7M, net income -$3.6M (-6.3% margin), free cash flow -$4.0M (SEC filings).
- Total return with dividends: 1Y -36.6% vs S&P 500 +13.4%; 5Y -95.5% vs S&P 500 +76.9%.
- Next earnings: 2026-11-11, EPS estimate USD -0.04, revenue estimate $15.2M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $35.7M | $40.5M | $43.1M | $51.7M | $56.7M | $57.7M |
| Gross profit | $3.0M | $0K | $3.0M | $3.0M | $3.0M | — |
| Operating income | -$5.5M | -$4.6M | -$20.1M | -$10.5M | -$39K | -$1.4M |
| Net income | -$6.5M | -$4.8M | -$24.4M | -$12.6M | -$3.1M | -$3.6M |
| EPS (diluted) | -$1.70 | -$1.12 | -$3.39 | -$1.22 | -$0.27 | — |
| Free cash flow | — | -$4.1M | -$5.0M | -$159K | -$2.0M | -$4.0M |
| Gross margin | 8.4% | 0.0% | 7.0% | 5.8% | 5.3% | — |
| Operating margin | -15.4% | -11.3% | -46.6% | -20.3% | -0.1% | -2.4% |
| Net margin | -18.1% | -11.8% | -56.6% | -24.4% | -5.4% | -6.3% |
| Revenue growth | +48.5% | +13.4% | +6.5% | +19.9% | +9.7% | — |
| Cash + short-term investments | $7.7M | $6.1M | $6.4M | $8.2M | $8.8M | — |
| Total debt | $9.1M | $2.9M | $6.1M | $6.8M | $8.3M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 0.2x · EV/EBITDA 16.2x · EV/Sales 0.2x · P/B 2.1x · FCF yield -30.50% · Earnings yield -27.53% · Net debt $774K · EV $14.0M

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -36.6% | -95.5% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | -36.8% | -46.2% |
| Volatility (annualized) | 55.1% | 62.4% |
| Max drawdown | -47.3% (Oct 2025→Oct 2026) | -95.8% (Oct 2021→Mar 2025) |

## Peers (Advertising Agencies)
PERI (Perion Network Ltd) USD 8.66 -1.03% · ADV (Advantage Solutions Inc.) USD 30.28 -0.20% · NEXN (Nexxen International Ltd.) USD 8.88 -1.88% · EVC (Entravision Communications Corp) USD 6.23 -0.48% · CRTO (Criteo S.A.) USD 14.88 +0.07% · QNST (QuinStreet, Inc.) USD 16.52 -2.13%

## More
Full page: https://nexqual.com/DLPN · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Entertainment Publicity & Marketing | $14.4M | 100.0% | +2.5% |
| EPM | $14.4M | 100.0% | +2.5% |
| Total revenue | $14.4M | 100% | — |
The lines above cover 200% of total revenue.

## Company outlook (8-K filed 2026-08-12)

- "In fact, under the 10(b)(5) buying plan currently in place for myself, I expect to own over 5% of the DLPN common stock in the next week or two."
- "We would also remind investors that our bank debt matures in just over two years, which will free up nearly $2.2 million in annual principal and interest payments, and we continue to anticipate roughly $1 million in annualized lease savings once our large New York City and Los Angeles leases expire in the second half of 2027."
- "Surrounding this entrepreneurial engine, Dolphin's marketing prowess brings together best-in-class firms including 42West, The Door, Shore Fire Media, Elle Communications, Special Projects and The Digital Dept."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $-0.04 | $0.02 | -300.0% | $15.2M | 1 |
| Next quarter (ends 2026-12-31) | $0.03 | $0.17 | -82.4% | $16.2M | 1 |
| Current fiscal year (ends 2026-12-31) | $-0.35 | $-0.10 | +250.0% | $58.6M | 1 |
| Next fiscal year (ends 2027-12-31) | $0.16 | $0.31 | -48.4% | $61.4M | 1 |