Dolphin Entertainment, Inc (DLPN) AI Stock Analysis

NASDAQ: DLPNAI research summary: business, growth, valuation, analysts, bull and bear case.

DLPN AI stock analysis summary

AI Research

Dolphin Entertainment, Inc (DLPN) is an independent entertainment marketing and premium content production company with a market cap of $13.5M. While revenue expanded at an 18.7% CAGR from FY2020 to FY2025, reaching $56.7M, the business posted a net income of -$3.1M in FY2025. Financial leverage remains elevated with total debt of $26.5M against $7.7M in cash.

Market cap
$13.5M
Revenue (TTM)
$57.7M
P/E
—
fwd 19.6x
1Y return
-26.8%
S&P 500 16.8%
Avg. target
$3.00
188.5% vs last close

Bull case

  • Revenue expanded at an 18.7% CAGR between FY2020 and FY2025, reaching $56.7M with a 96.0% gross margin.
  • Analyst projections model EPS turning positive to $0.16 on $61.4M in revenue for the next fiscal year.
  • The single analyst covering the stock maintains a $3.00 price target, representing 188.5% upside from the $1.04 close.

Bear case

  • The company has recorded net losses each year from FY2021 through FY2025, including a loss of -$3.1M in FY2025 and -$12.6M in FY2024.
  • Liquidity and leverage are pressured by $26.5M in debt, a 0.77 current ratio, and a debt-to-equity ratio of 4.25 as of June 30, 2026.
  • Free cash flow remained negative at -$2.0M in FY2025, and common shares outstanding increased 60.2% over 5 years.

What Dolphin Entertainment does

Dolphin Entertainment, Inc. operates as an independent entertainment marketing and premium content development company in the United States. It functions through two core segments: Entertainment Publicity and Marketing, and Content Production. The Entertainment Publicity and Marketing segment offers public relations, strategic communications, social media and digital marketing, creative branding, talent publicity, and promotional video production across the entertainment, hospitality, music, and gaming sectors. In Content Production, the company develops and distributes feature films and digital content. Headquartered in Coral Gables, Florida, the firm employs 271 people and was originally founded as Dolphin Digital Media, Inc. before rebranding in July 2017.

Growth and profitability

Dolphin Entertainment increased revenue from $35.7M in FY2021 to $56.7M in FY2025, representing a 5-year revenue CAGR of 18.7%. Annual revenue rose 9.7% in FY2025, following 19.9% growth in FY2024. Gross margin remained high at 96.0% in FY2025. Operating margin improved from -46.6% in FY2023 to -20.3% in FY2024 and -0.7% in FY2025. Net income was -$3.1M in FY2025, narrowing from -$12.6M in FY2024 and -$24.4M in FY2023. For the trailing twelve months ended June 30, 2026, revenue stood at $57.7M with an operating margin of -7.1%. In the latest quarter, revenue grew 2.5% year-over-year while quarterly earnings fell 70.2%.

DLPN income statement →

Balance sheet and cash flow

As of June 30, 2026, Dolphin Entertainment held $7.7M in cash and short-term investments against $26.5M in total debt, resulting in net debt of $18.8M. Total assets were $54.9M and shareholders' equity was $6.2M, creating a debt-to-equity ratio of 4.25 and a current ratio of 0.77. Operating cash flow was -$2.0M in FY2025, alongside free cash flow of -$2.0M. Capital expenditures were $1,112 in FY2025, while the share count rose 60.2% over 5 years.

DLPN balance sheet →

Valuation and performance

DLPN shares closed at $1.04 on October 16, 2026, trading at a price-to-sales multiple of 0.2x compared to the median of 0.8x for its US-listed Communication Services peers. The stock trades at an EV/EBITDA of 40.0x, above the peer median of 10.0x, and a forward P/E of 19.6x against the peer median of 14.1x. Over the past year, DLPN declined 26.8% while the S&P 500 (SPY) gained 16.8%. Over 5 years, the stock dropped 96.0% versus an 83.0% gain for the index.

DLPN key metrics →

What analysts expect

Wall Street coverage on DLPN consists of 1 Buy rating and zero Hold or Sell recommendations. The mean price target is $3.00, representing an implied upside of 188.5% over the last close of $1.04. For the fiscal year ending December 31, 2026, the analyst consensus projects an EPS of -$0.35 on revenue of $58.6M. For the next fiscal year, 1 analyst expects revenue to reach $61.4M with EPS turning positive to $0.16. The company beat EPS estimates in 3 of the last 4 quarters, and its next earnings date is November 11, 2026.

DLPN forecast and price target →

Key risks and what to watch

  • A current ratio of 0.77 and net debt of $18.8M as of June 30, 2026, expose the company to short-term liquidity constraints.
  • Continued negative operating cash flow of -$2.0M in FY2025 may lead to further shareholder dilution following a 60.2% 5-year increase in share count.
  • Stock price volatility is elevated, reflected by a beta of 1.84 and a 5-year return of -96.0%.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this DLPN AI stock analysis

This page is an AI-written research summary of Dolphin Entertainment, Inc (DLPN). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: DLPN income statement, DLPN balance sheet, DLPN key metrics, DLPN analyst forecast, DLPN chart. See the DLPN stock overview for the latest quote and news.

DLPN AI stock analysis FAQ

Does Dolphin Entertainment pay a dividend?

No, Dolphin Entertainment does not pay a dividend.

What is Dolphin Entertainment's debt level?

As of June 30, 2026, Dolphin Entertainment had $26.5M in total debt and $7.7M in cash, resulting in net debt of $18.8M and a debt-to-equity ratio of 4.25.

What are analysts forecasting for DLPN's earnings?

For the fiscal year ending December 31, 2026, the EPS estimate is -$0.35 on revenue of $58.6M. For the following fiscal year, 1 analyst projects EPS of $0.16 on revenue of $61.4M.

When is Dolphin Entertainment's next earnings report?

The next earnings date is scheduled for November 11, 2026.

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