Forensic Analysis · Trading Companies & Distributors · as of Sep 26, 2026
Alliance Entertainment Holding Corp (AENT)
A forensic read on Alliance Entertainment Holding Corp built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Safe
Financial health
3.0
Distress distance
Clean
Earnings quality
2
Forensic signals
11.5
P / E (ttm)
11.2%
ROE
$254M
Market cap
0.0%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Alliance Entertainment Holding Corp earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads 3.0, placing it in the Safe zone. 2 forensic signals were flagged in its latest SEC filings, led by accruals ratio (% of noa).
What the filings flag
+12.2%
FY2025→FY2026
Accruals ratio (% of NOA).Net operating assets grew +12.2% relative to their own average in FY2026 — scaled by NOA itself, not by total assets, which is what the Forensic Screens card's own accrual row divides by. Accruals are building faster than is comfortable — part of profit is sitting in the balance sheet rather than turning to cash. The build is led by inventory up +23% on the year and receivables up +17% against revenue 0%. A cash-flow measure on the same base agrees: reported earnings ran ahead of operating cash by 13% of net operating assets, against an accruals ratio of 12.2%. The two are computed differently: the accruals ratio is the change in net operating assets over average net operating assets, while the cash-flow figure is net income less operating cash flow over that same average.
8.9%
FY2026
Return on invested capital.Return on invested capital is 8.9% in the latest fiscal year, against 4.8% in FY2024, having run between 4.8% and 12.9% across FY2024–FY2026 with no direction held. After-tax operating profit was $13M in FY2024 and $19M in FY2026, with operating income at 168.3% of revenue in FY2024, 1116.1% in FY2025 and 1008.1% in FY2026. The capital base behind it cannot be compared across FY2024–FY2026: cash and short-term debt are tagged in one of those two fiscal years and not the other, and an untagged line enters this calculation as zero, so any change in the base would be a change in what the filer tagged.
Key fundamentals
Latest Revenue$2.7M
Revenue Growth YoY+0.0%
Revenue CAGR (2yr)-43.3%
Net Margin483.6%
Free Cash Flow-$2.8M
Return on Equity11.2%
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Alliance Entertainment Holding Corp's actual 10-K/10-Q/8-K filings?