Alliance Entertainment Holding Corp is a US-listed company in the distributors industry. Its financial year ends in June.
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Under review: our cash-flow value ($5.31) was left out of our combined valuation (it is more than 3x away from the median of our other models), so it can't be the basis of a rating.
Under review: our cash-flow value ($5.31) was left out of our combined valuation (it is more than 3x away from the median of our other models), so it can't be the basis of a rating. We'll show the comparison once resolved.
Alliance Entertainment Holding Corp valuation: adjust assumptions and compare models →
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Alliance Entertainment has little or no product revenue yet; it used $3m of cash in the twelve months to June 2026. It passes 3 of our 3 financial-health checks.
Our model value for Alliance Entertainment Holding is under review, so past values are not shown until it is resolved.
Source: 10-K filed September 10, 2026 on SEC EDGAR · Financials · Valuation
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Alliance Entertainment Holding Corp's trailing-twelve-month revenue grew 8.0% year on year, with a free-cash-flow margin of -0.2%. Where it stands out: stock pay as % of revenue of 0.0% ranks 1 of 7 distributors companies we cover.
Our discounted-cash-flow model values the business at ~$5.3 per share in the base case (~$3.6–$7.5 across growth scenarios) — model values under stated assumptions, not a price target.
Current signal Revenue growth accelerating: TTM revenue growth rose to 8.0% (+4.7pp vs the prior quarter).
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Third-party market data · may be delayed
Company announcements, filed results and changes that matter to shareholders.
Our value per share comes from a discounted-cash-flow model of Alliance Entertainment Holding Corp's free cash flow after stock-based pay ( $18.8M, FY2026 Q4 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.
The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.
We value Alliance Entertainment Holding Corp as an operating company, with every model that fits that kind of business. Cost of equity 10.5%: the 10-year Treasury yield (4.9%) plus a beta of 1.24 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. | ~$5.3 ~$3.6–$7.5 | Left out: far from the other models (more than 3x away from their median) |
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | ~$1.3 ~$0.8–$1.9 | Included |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | ~$1.0 ~$0.9–$1.2 | Included |
| Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. | — | Combined value withheld. Review the individual models and their assumptions. |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Alliance Entertainment Holding Corp with Distributors in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
| At fiscal year end | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Share price | $9.89 | $3.30 | $3.00 | $3.77 | $5.84 |
| Market value | $470m | $159m | $152m | $192m | $298m |
| + Net debt (− = net cash) | $134m | $132m | $141m | $54m | $73m |
| Enterprise value | $604m | $291m | $294m | $246m | $371m |
| Multiples | |||||
| Price / sales | 0.3x | 0.1x | 0.1x | 0.2x | 0.3x |
| Price / earnings | 16.4x | — | 33.2x | 12.8x | 22.8x |
| Price / free cash flow | — | 62.0x | 2.7x | 7.2x | — |
| EV / EBITDA | 13.4x | — | 18.3x | 7.7x | 12.8x |
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
Next results: November 12, 2026, after the close. Analysts expect revenue of $251m for the quarter.
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | $0.52 | +98% | $1.2bn | +2% |
| Next | $0.59 | +15% | $1.2bn | +3% |
Next year's EPS estimate has moved +40.5% in 90 days, across 2 analysts.
The consensus EPS forecast for the current fiscal year is +9.6% on 90 days ago. In the last 30 days, 1 analyst raised Alliance Entertainment Holding Corp's forecast and 0 cut it.
Average of analysts' published estimates (third-party data).
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | $0.47 | $0.42 |
| 60 days ago | $0.47 | $0.42 |
| 30 days ago | $0.42 | $0.42 |
| 7 days ago | $0.52 | $0.32 |
| Now | $0.52 | $0.59 |
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | $0.01 | −$0.06 | −700.0% |
| Mar 2026 | $0.01 | $0.05 | +400.0% |
| Dec 2025 | $0.31 | $0.18 | −41.9% |
| Sept 2025 | $0.08 | $0.12 | +52.2% |
Adjusted EPS as companies report it, against the average analyst estimate.
Our cash-flow model grows Alliance Entertainment Holding Corp's revenue by +3.0% next year and +3.6% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+2.3%, weight 56%) and the company's own record (+3.9%, weight 44%) . How the weights are set.
Last 12 months −30.1%
| Part | Then | Now | Effect |
|---|---|---|---|
| Revenue (last 12 months) | $1.1bn | $1.1bn | +8.0% |
| Net margin | 1.4% | 1.1% | −19.8% |
| P/E multiple | 21.7x | 17.6x | −19.2% |
| Share count | 51m | 51m | −0.1% |
Biggest factor: net margin.
Last 3 years +283.8%
| Part | Then | Now | Effect |
|---|---|---|---|
| Revenue (last 12 months) | $1.2bn | $1.1bn | −0.8% |
| P/S multiple | 0.0x | 0.2x | +310.4% |
| Share count | 48m | 51m | −5.7% |
Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.
| Calendar year | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|
| Return | |||||
| AENT | +4% | −91% | +876% | −11% | −44% |
| Industry peers (median) | −46% | −13% | −21% | −47% | −32% |
| S&P 500 | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | |||||
| AENT | 83% | 42% | 75% | 50% | 27% |
| S&P 500 | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | |||||
| AENT | −1% | −93% | −66% | −78% | −46% |
| S&P 500 | −25% | −10% | −8% | −19% | −9% |
Worst fall since March 24, 2021: 93% from January 17, 2023 to December 15, 2023. Getting back needed a 1311% gain, and the shares have not yet recovered.
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| September 10, 2026 | +21.1% | +0.2% | −8.5% | −15.8% |
| May 14, 2026 | −2.5% | −0.4% | −13.0% | −23.0% |
| February 13, 2026 | −24.5% | +0.2% | −26.0% | +9.9% |
| November 12, 2025 | −1.3% | −1.6% | −0.4% | +6.8% |
| September 10, 2025 | +0.3% | +1.1% | +15.3% | +12.7% |
| February 13, 2025 | −17.0% | +1.1% | −17.2% | −29.7% |
| September 20, 2024 | +35.3% | +0.1% | +33.8% | +83.8% |
| May 23, 2023 | −2.8% | −1.8% | −10.9% | +32.9% |
| April 12, 2023 | −1.2% | +0.9% | −15.4% | −1.2% |
Source: SEC EDGAR filings. Retrieved October 26, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY24 Q1 | $1.1B |
| FY24 Q2 | $1.1B |
| FY24 Q3 | $1.1B |
| FY24 Q4 | $1.1B |
| FY25 Q1 | $1.1B |
| FY25 Q2 | $1.1B |
| FY25 Q3 | $1.1B |
| FY25 Q4 | $1.1B |
| FY26 Q1 | $1.1B |
| FY26 Q2 | $1.1B |
| FY26 Q3 | $1.1B |
| FY26 Q4 | $1.1B |
Source: SEC EDGAR filings. Retrieved October 26, 2026.
| Period | Revenue growth, TTM YoY |
|---|---|
| FY24 Q2 | -11.2% |
| FY24 Q3 | -5.6% |
| FY24 Q4 | -5.0% |
| FY25 Q1 | -3.8% |
| FY25 Q2 | -5.0% |
| FY25 Q3 | -3.4% |
| FY25 Q4 | -3.4% |
| FY26 Q1 | -1.3% |
| FY26 Q2 | -0.7% |
| FY26 Q3 | 3.4% |
| FY26 Q4 | 8.0% |
Source: SEC EDGAR filings. Retrieved October 26, 2026.
| Period | Operating margin (TTM) |
|---|---|
| FY24 Q1 | -2.3% |
| FY24 Q2 | 0.6% |
| FY24 Q3 | 1.3% |
| FY24 Q4 | 1.3% |
| FY25 Q1 | 1.6% |
| FY25 Q2 | 1.6% |
| FY25 Q3 | 2.0% |
| FY25 Q4 | 2.8% |
| FY26 Q1 | 3.5% |
| FY26 Q2 | 3.9% |
| FY26 Q3 | 3.7% |
| FY26 Q4 | 2.4% |
Source: SEC EDGAR filings. Retrieved October 26, 2026.
| Period | FCF margin (TTM) |
|---|---|
| FY25 Q2 | 4.0% |
| FY25 Q3 | 2.4% |
| FY25 Q4 | 2.5% |
| FY26 Q1 | 3.7% |
| FY26 Q2 | -0.1% |
| FY26 Q3 | 1.5% |
| FY26 Q4 | -0.2% |
Each dollar Alliance Entertainment Holding took in during FY2026, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.
| Revenue | $1.1B | |
|---|---|---|
| Selling, general and admin | $66.2M | 5.8% of revenue |
| Other operating costs | $1.1B | 91.9% of revenue |
| Operating income | $27.2M | 2.4% of revenue |
| Income tax | $5.8M | 0.5% of revenue |
| Interest and other | $8.4M | 0.7% of revenue |
| Net income | $13.1M | 1.1% of revenue |
| Fiscal year | 2022 Jun 2022 | 2023 Jun 2023 | 2024 Jun 2024 | 2025 Jun 2025 | 2026 Jun 2026 |
|---|---|---|---|---|---|
| Income | |||||
| Revenue | 1,417 | 1,159 | 1,100 | 1,063 | 1,149 |
| Gross profit | — | 1,150 | 1,099 | 1,063 | — |
| EBITDA | 45 | −31 | 16 | 32 | 29 |
| Operating income | 42 | −33 | 14 | 30 | 27 |
| Net income | 29 | −35 | 5 | 15 | 13 |
| Diluted EPS | $0.60 | −$0.74 | $0.09 | $0.30 | $0.26 |
| Growth (year on year) | |||||
| Revenue | — | −18.2% | −5.0% | −3.4% | +8.0% |
| EBITDA | — | −167.6% | — | — | −9.2% |
| Operating income | — | −177.8% | — | — | −9.7% |
| Net income | — | −223.7% | — | — | — |
| Diluted EPS | — | −223.3% | — | — | — |
| Margins | |||||
| Gross margin | — | 99.3% | 99.9% | 100.0% | — |
| EBITDA margin | 3.2% | −2.6% | 1.5% | 3.0% | 2.5% |
| Operating margin | 3.0% | −2.8% | 1.3% | 2.8% | 2.4% |
| Net margin | 2.0% | −3.1% | 0.4% | 1.4% | 1.1% |
| Free-cash-flow margin | −5.9% | 0.2% | 5.1% | 2.5% | −0.2% |
| Cash flow | |||||
| Cash from operations | −84 | 3 | 56 | 27 | −2 |
| Capital spending | 0 | 1 | 0 | 0 | 1 |
| Free cash flow | −84 | 3 | 56 | 27 | −3 |
| Stock-based pay | — | 0 | 1 | 0 | 0 |
| Free cash flow after stock pay | — | 2 | 54 | 27 | −3 |
| Balance sheet | |||||
| Cash | 1 | 1 | 1 | 1 | 1 |
| Total debt | 136 | 133 | 143 | 55 | 74 |
| Net debt (negative = net cash) | 134 | 132 | 141 | 54 | 73 |
| Diluted shares | 48m | 48m | 51m | 51m | 51m |
| Quarter | 2025 Q1 Sept 2024 | 2025 Q2 Dec 2024 | 2025 Q3 Mar 2025 | 2025 Q4 Jun 2025 | 2026 Q1 Sept 2025 | 2026 Q2 Dec 2025 | 2026 Q3 Mar 2026 | 2026 Q4 Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Income | ||||||||
| Revenue | 229 | 394 | 213 | 228 | 254 | 369 | 258 | 268 |
| EBITDA | 3 | 15 | 5 | 10 | 11 | 19 | 5 | −3 |
| Operating income | 2 | 15 | 4 | 10 | 11 | 17 | 3 | −4 |
| Net income | 0 | 7 | 2 | 6 | 5 | 9 | 2 | −4 |
| Diluted EPS | $0.01 | $0.14 | $0.04 | $0.12 | $0.10 | $0.18 | $0.05 | −$0.06 |
| Growth (year on year) | ||||||||
| Revenue | +1.0% | −7.5% | +0.9% | −3.9% | +10.9% | −6.3% | +21.2% | +17.7% |
| EBITDA | — | −7.3% | — | — | — | +22.2% | −3.5% | −133.9% |
| Operating income | — | −7.5% | — | — | — | +16.8% | — | −140.5% |
| Net income | — | −20.7% | — | — | — | — | — | −161.1% |
| Diluted EPS | — | −22.2% | — | — | — | — | — | −150.0% |
| Margins | ||||||||
| EBITDA margin | 1.1% | 3.9% | 2.3% | 4.5% | 4.3% | 5.0% | 1.8% | −1.3% |
| Operating margin | 0.9% | 3.8% | 1.7% | 4.3% | 4.2% | 4.7% | 1.3% | −1.5% |
| Net margin | 0.2% | 1.8% | 0.9% | 2.5% | 1.9% | 2.5% | 0.9% | −1.3% |
| Free-cash-flow margin | −5.1% | 6.4% | 1.1% | 4.7% | 0.9% | −4.6% | 8.1% | −3.4% |
| Cash flow | ||||||||
| Cash from operations | −12 | 25 | 2 | 11 | 3 | −17 | 21 | −9 |
| Capital spending | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free cash flow | −12 | 25 | 2 | 11 | 2 | −17 | 21 | −9 |
| Stock-based pay | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free cash flow after stock pay | — | 25 | 2 | 11 | 2 | −17 | 21 | −9 |
| Last 12 months unless stated | AENT | GCT | POOL | LKQ | YDDL | INEO | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $1.1bn | $1.5bn | $5.4bn | $13.5bn | $66m | $58m | $1.1bn |
| Revenue growth, last 12 months | 8.0% | 22.9% | 2.9% | −0.4% | 23.1% | −6.9% | 5.3% |
| Revenue growth, 3-year average | −0.3% | — | −1.1% | 0.4% | — | — | −0.3% |
| Revenue growth, latest quarter | 17.7% | 27.6% | 3.7% | −5.1% | — | — | 17.7% |
| Gross margin | — | 24.0% | 29.4% | 38.1% | 23.9% | 19.2% | 24.0% |
| Operating margin | 2.4% | 11.6% | 10.5% | 4.8% | 18.0% | −0.1% | 4.8% |
| Operating margin, 3-year average | 2.2% | 12.0% | 11.2% | 7.1% | — | — | 7.1% |
| Net margin | 1.1% | 10.6% | 7.3% | 1.9% | 17.9% | −0.7% | 1.1% |
| Cash from operations / revenue | −0.1% | 11.5% | 9.2% | 5.9% | −14.8% | 7.6% | 4.7% |
| Free-cash-flow margin | −0.2% | 10.7% | 8.1% | 4.5% | −14.8% | 7.6% | 3.0% |
| Free-cash-flow margin, 3-year average | — | 12.0% | 8.7% | 5.1% | — | — | 5.1% |
| Stock pay / revenue | 0.0% | 0.8% | 0.5% | 0.3% | — | — | 0.5% |
| Change in share count | 0.1% | −7.9% | −3.2% | −1.5% | 0.8% | 50.9% | −0.3% |
| Measure | Company | Peer median | Rank |
|---|---|---|---|
| Revenue growth Growth | 8.0% | 8.0% | 4 of 8 |
| Change in growth rate Growth | +4.7pp | +0.7pp | 3 of 8 |
| Operating margin Profitability | 2.4% | 4.8% | 5 of 8 |
| Net margin Profitability | 1.1% | 1.1% | 5 of 9 |
| Free-cash-flow margin Cash generation | -0.2% | 3.0% | 6 of 9 |
| Stock pay as % of revenue Cash generation | 0.0% | 0.5% | 1 of 7 |
| Change in share count Balance sheet | 0.1% | -0.6% | 5 of 7 |
| Days sales outstanding Balance sheet | 35 days | 148 days | 2 of 6 |
Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| North Star Investment Management Corp. | $1.4M | 244K | 27.1% | ▲ 45.2% |
| Bridgeway Capital Management, LLC | $982,948 | 168K | 18.7% | ▲ 6.5% |
| Empowered Funds, LLC | $853,300 | 146K | 16.2% | ▲ 7.6% |
| O'Shaughnessy Asset Management, LLC | $614,578 | 105K | 11.7% | ▼ 25.1% |
| Summit Financial, LLC | $497,878 | 85K | 9.5% | ▲ 5.2% |
| Ritholtz Wealth Management | $382,613 | 66K | 7.3% | ▼ 32.1% |
| Apollon Wealth Management, LLC | $215,963 | 37K | 4.1% | 0.0% |
| Geode Capital Management, LLC | $169,955 | 29K | 3.2% | ▲ 5.8% |
| Citadel Advisors LLC | $100,892 | 17K | 1.9% | New |
| UBS Group AG | $3,451 | 1K | 0.1% | ▼ 16.5% |
| Morgan Stanley | $2,248 | 0K | 0.0% | ▲ 103.7% |
| Nfsg Corp | $2,044 | 0K | 0.0% | 0.0% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Alliance Entertainment Holding Corp's complete shareholder register. Values are as reported by the filers .
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Next expected around December 25, 2026 estimated from the company's past filing pattern, not announced
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| Financial statements | SEC 10-K and 10-Q filings | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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