KUST · Kustom Entertainment, Inc.
Substantial doubt about the company's ability to continue as a going concern.
“These conditions raise substantial doubt about the Company's ability to continue as a going concern within one year from the date of issuance of these condensed consolidated financial statements. In response, management has implemented and continues to implement plans intended to mitigate these conditions, including (i) continued access to the Company's committed equity financing facility (the "ELOC") providing up to $25,000,000 over a 36-month term, (ii) the January 8, 2026 divestiture of Nobility Healthcare, which eliminated the operating losses and working capital requirements of the Revenue Cycle Management segment, (iii) ongoing cost-reduction initiatives, including headcount reductions and facility consolidations in the Video Solutions segment, and (iv) continued evaluation of additional debt and equity financing alternatives. There can be no assurance that the Company will be successful in restoring positive cash flows and profitability, or that it will be able to raise additional financing on terms acceptable to the Company.Notwithstanding these measures, substantial doubt about the Company's ability to continue as a going concern has not been alleviated as of the date of issuance of these condensed consolidated financial statements.”View the 10-Q filed May 15, 2026
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $6.61M | $5.42M | $13.52M | $28.25M | $37M | $21.41M | $10.51M | $10.44M | $11.29M | $14.58M | $16.57M | $20.03M | $17.44M | $17.83M | $17.62M | $19.58M | $25.21M | |
| $14.12M | $12.41M | $10.4M | $22.49M | $34.69M | $15.75M | $6.45M | $7.21M | $7.33M | $10.03M | $11.27M | $11.68M | $7.52M | $7.72M | $8.14M | $10.81M | $13.08M | |
| $819.27K | $1.35M | $3.12M | $5.76M | $2.32M | $5.66M | $4.06M | $3.23M | $3.96M | $4.54M | $5.3M | $8.35M | $9.92M | $10.11M | $9.48M | $8.77M | $12.13M | |
| — | 24.88% | 23.11% | 20.4% | 6.28% | 26.45% | 38.64% | 30.96% | 35.09% | 31.18% | 31.98% | 41.68% | 56.88% | 56.71% | 53.82% | 44.81% | 48.1% | |
| $610.12K | $551.45K | $1.34M | $2.62M | $2.29M | $1.93M | $1.84M | $2.01M | $1.44M | $3.15M | $3.19M | $2.98M | $2.91M | $3.67M | $2.53M | $2.77M | $3.44M | |
| $7.97M | $8.42M | $10.54M | $18.25M | $20.45M | $12.78M | $7.28M | $9.61M | $8M | $6.97M | $8.77M | $7.4M | $5.73M | $5.08M | $5.22M | $6.55M | $7.87M | |
| $12.02M | $12.23M | $14.51M | $28M | $32.06M | $20.42M | $11.73M | $9.27M | $14.52M | $15.74M | $17.79M | $15.97M | $12.81M | $12.36M | $11.17M | $12.4M | $15.92M | |
| $1.03M | $1.35M | $1.38M | $1.51M | $1.56M | $563.49K | $188.11K | $135.66K | $115.07K | $123.48K | $43.12K | $31.31K | $98.48K | $11.9K | $35.7K | $96.9K | — | |
| — | $1.54M | $1.92M | $2.22M | $2.18M | $822.49K | $62.05K | $254.49K | $385.1K | $558.45K | $530.96K | $498.81K | $324.21K | $321.56K | $544.94K | $1.06M | $799.37K | |
| — | — | — | — | — | — | — | — | $14.12M | — | — | — | — | — | — | — | — | |
| -$11.2M | -$10.88M | -$11.38M | -$22.24M | -$29.73M | -$14.76M | -$7.66M | -$6.03M | -$10.56M | -$11.2M | -$12.49M | -$7.62M | -$2.89M | -$2.25M | -$1.69M | -$3.62M | $3.79M | |
| — | -200.73% | -84.2% | -78.73% | -80.36% | -68.93% | -72.88% | -57.78% | -93.49% | -76.83% | -75.33% | -38.05% | -16.56% | -12.62% | -9.57% | -18.52% | 15.05% | |
| — | -$9.34M | -$9.47M | -$20.02M | -$27.56M | -$13.94M | -$7.6M | -$5.78M | -$10.17M | -$10.64M | -$11.96M | -$7.12M | -$2.56M | -$1.93M | -$1.14M | -$2.56M | $4.59M | |
| — | $1.1M | $3.82M | $3.13M | $37.2K | $28.6K | $342.38K | $43.37K | $1.37M | $733.74K | $3102 | $282.23K | $499.74K | $277.96K | $294.56K | $222.46K | -$24.87K | |
| $161.38K | $116.55K | $69.51K | $95.72K | $131.03K | $310.2K | $47.89K | $37.41K | $19.52K | $11.82K | $26.2K | $21.16K | $13.66K | $11.39K | $10.09K | $16.11K | -$24.15K | |
| -$532.01K | $4.93M | -$6.52M | -$3.22M | $10.86M | $40.29M | $5.04M | -$3.97M | -$4.99M | — | — | $1878 | -$5589 | $19.07K | — | — | — | |
| -$11.73M | -$5.96M | -$17.9M | -$25.46M | -$18.87M | $25.53M | -$2.63M | -$10.01M | -$15.54M | -$12.34M | -$12.71M | -$12.04M | -$9.16M | -$2.5M | -$1.97M | -$3.96M | — | |
| — | — | — | — | — | — | — | — | — | -$90K | — | — | — | $0 | $0 | $0 | -$3.79M | |
| -$16.82M | -$6.67M | -$19.84M | -$25.46M | -$18.87M | $25.53M | -$2.63M | -$10.01M | -$15.54M | -$12.25M | -$12.71M | -$12.04M | -$9.16M | -$2.5M | -$1.97M | -$3.96M | $6.54M | |
| — | -123.06% | -146.79% | -90.14% | -51.01% | 119.23% | -24.97% | -95.83% | -137.67% | -84.05% | -76.69% | -60.1% | -52.53% | -14.01% | -11.19% | -20.24% | 25.96% | |
| — | -$687.52K | -$1.87M | $224.6K | $407.93K | $56.45K | — | — | — | — | — | — | — | — | — | — | — | |
| -$16.82M | -$6.67M | -$19.84M | -$25.69M | -$21.67M | $25.47M | — | — | — | — | — | — | — | — | — | — | — | |
| USD/shares | — | -$86.15 | -$167,443.70 | -$276,600.00 | -$255,000.00 | $304,200.00 | -$72,000.00 | -$522,000.00 | -$1,158,000.00 | -$1,056,000.00 | -$1,428,000.00 | -$1,662,000.00 | -$2,124,000.00 | -$702,000.00 | -$582,000.00 | -$1,176,000.00 | -$240,000.00 |
| USD/shares | — | -$86.15 | -$167,443.70 | -$276,600.00 | -$255,000.00 | $304,200.00 | -$72,000.00 | -$522,000.00 | -$1,158,000.00 | -$1,056,000.00 | -$1,428,000.00 | -$1,662,000.00 | -$2,124,000.00 | -$702,000.00 | -$582,000.00 | -$1,176,000.00 | -$240,000.00 |
| shares | — | 77.43K | 118.6 | 92.8298 | 84.9516 | 83.7038 | 36.0061 | 19.131 | 13.4554 | 11.6238 | 8.9117 | 7.2334 | 4.3167 | 3.5584 | 3.3818 | 3.365 | 27.1917 |
| shares | — | 77.43K | 118.6 | 92.8298 | 84.9516 | 83.7038 | 36.0061 | 19.131 | 13.4554 | 11.6238 | 8.9117 | 7.2334 | 4.3167 | 3.5584 | 3.3818 | 3.365 | 27.1917 |
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2021–FY2022: $6M in buybacks.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Entertainment Segment | $8,653,398 | $7,763,761 | — | — | — | — |
| Video Solutions | $5,100,757 | $5,755,391 | — | — | — | — |
| Entertainment Segment | — | — | $14,063,381 | $20,871,500 | $10,709,760 | — |
| Revenue Cycle Management | — | — | $6,713,678 | $7,886,107 | $1,630,048 | — |
| Video Solutions | — | — | $7,471,285 | $8,252,288 | $9,073,626 | $10,514,868 |
By Product & Service (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Service | $9,416,879 | $8,114,835 | $18,900,399 | — | — | — |
| Service Other | $9,416,879 | $8,114,835 | $18,900,399 | $26,010,003 | $12,233,147 | $2,485,411 |
| Product | $4,337,276 | $5,404,317 | $9,347,945 | $10,999,892 | $9,180,287 | $8,029,457 |
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Video Solutions | $452,902 | -$1,199,855 | — | — | — | — |
| Corporate | -$4,269,692 | -$5,378,218 | -$11,750,742 | -$13,443,001 | -$10,592,909 | -$7,085,234 |
| Entertainment Segment | -$7,065,631 | -$4,804,853 | — | — | — | — |
| Entertainment Segment | — | — | -$3,646,770 | -$7,369,241 | $235,432 | — |
| Revenue Cycle Management | — | — | $292,543 | $357,705 | $93,763 | — |
| Video Solutions | — | — | -$7,135,584 | -$9,278,721 | -$4,497,196 | -$578,417 |
Operating Margin by Segment (%)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Entertainment Segment | -81.7% | -61.9% | — | — | — | — |
| Video Solutions | 8.9% | -20.8% | — | — | — | — |
| Entertainment Segment | — | — | -25.9% | -35.3% | 2.2% | — |
| Revenue Cycle Management | — | — | 4.4% | 4.5% | 5.8% | — |
| Video Solutions | — | — | -95.5% | -112.4% | -49.6% | -5.5% |