Forensic Analysis · General / Diversified · as of Jun 28, 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.
C · Mixed — selective
Forensic grade
Grey Zone
Financial health
2.3
Altman Z-score
Watch
Earnings quality
4
Forensic signals
13.0
P / E (ttm)
19.9%
ROE
$291M
Market cap
ALLIANCE ENTERTAINMENT HOLDING CORP earns a C (Mixed — selective) forensic quality grade, and its Altman Z-score is 2.3, placing it in the Grey zone. 4 forensic signals were flagged in its latest SEC filings, led by receivables vs revenue.
What the filings flag
13163d DSOReceivables vs revenue.Days sales outstanding moved from 4013 to 13163 days FY2024→FY2025 (receivables +5% vs revenue -68%). Receivables are outrunning sales — a flag for aggressive revenue recognition or slipping collections.
35562dInventory days.Days inventory outstanding moved from 6454 to 35562 FY2023→FY2024 (against cost of goods sold; inventory -34% vs -88% in cost of sales). Inventory is outrunning what's being sold — a flag for softening demand or obsolescence risk ahead.
+2.5%/yrShare-count dilution.Diluted share count changed +7% over the last 3 years to FY2025 (+2.5%/yr). The count is GROWING — existing holders are being diluted. That's ~2.5% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2022 has been diluted ~7%.
13%Return on invested capital.Return on invested capital is 13% and rising from -1% — around its ~9% cost of capital, so growth is roughly value-neutral — watch the trend.
Key fundamentals
Net Margin558.4%
Debt / Equity0.71x
Free Cash Flow$26.8M
Latest Revenue$2.7M
Return on Equity14.6%
Revenue Growth YoY-67.9%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on ALLIANCE ENTERTAINMENT HOLDING CORP:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about AENT's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown