Lionsgate Studios Holding Corp. (LION) Balance Sheet
LION balance sheet, 2025
December 31, 2025 · U.S. dollars$5.24B assets = $6.38B liabilities + −$1.13B equity
Liabilities exceed assets: shareholders’ equity is negative (−$1.13B).
Both columns are drawn to the same scale: what LION owns equals what it owes plus shareholders’ equity. Hover a block for its value.
LION financial health
Descriptive bands, not a rating. Fiscal 2025.
LION balance sheet trends, 2015–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $3.85B2015 | $5.24B2025 | +3.5%/yr | |
| Total liabilities | $3.55B2015 | $6.38B2025 | +6.7%/yr | |
| Shareholders’ equity | $301.5M2015 | −$1.28B2025 | — | |
| Cash & short-term investments | $18.6M2015 | $182.4M2025 | +28.9%/yr | |
| Total debt | $330.1M2015 | $3.98B2025 | +31.9%/yr | |
| Net cash (debt) | −$311.4M2015 | −$3.79B2025 | −$3.5B | |
| Working capital | $2.71B2015 | −$1.55B2025 | −$4.3B | |
| Book value per share | $13.622015 | −$16.312021 | — | |
| Current ratio | 13.902015 | 0.462025 | −13.44 | |
| Debt / equity | 1.092015 | 0.582018 | −0.51 | |
| Shares outstanding | 22.1M2015 | 16.0M2021 | −6.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
LION assets
LION liabilities and equity
LION debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
LION balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $182.4M | $205.7M | $277.0M | $210.9M | $256.9M | $361.3M | $262.3M | $30.8M | $23.2M | $18.6M |
| Cash & equivalents | $182.4M | $205.7M | $277.0M | $210.9M | $256.9M | $361.3M | $10.7M | $9.1M | $6.7M | $4.0M |
| Short-term investments | — | — | $35.6M | — | — | — | $251.6M | $21.7M | $16.5M | $14.6M |
| Receivables | $772.2M | $1.04B | $981.0M | $877.6M | $694.2M | $456.9M | $3.69B | $3.58B | $3.30B | $2.90B |
| Inventory | $0 | $0 | −$35.6M | $27.5M | $1 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $364.9M | $111.0M | $149.7M | $36.0M | $60.9M | $110.1M | $0 | $0 | $0 | $0 |
| Total current assets | $1.32B | $1.36B | $1.37B | $1.15B | $1.01B | $928.3M | $3.95B | $3.61B | $3.33B | $2.92B |
| Property, plant & equipment (net) | $34.4M | $328.2M | $381.6M | $140.6M | $156.0M | $121.8M | $93.7M | $88.5M | $87.9M | $79.6M |
| Goodwill & intangible assets | $873.8M | $829.3M | $836.9M | $2.61B | $2.70B | $2.30B | $0 | $0 | $0 | $0 |
| Long-term investments | $2.17B | $2.07B | $2.00B | $64.7M | $56.0M | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $847.0M | $531.4M | $508.6M | $446.2M | $405.6M | $338.5M | $692.3M | $876.6M | $976.3M | $853.9M |
| Total assets | $5.24B | $5.12B | $5.10B | $4.41B | $4.33B | $3.69B | $4.73B | $4.58B | $4.39B | $3.85B |
| Liabilities | ||||||||||
| Accounts payable | $258.6M | $248.2M | $246.7M | $251.1M | $197.0M | $153.9M | — | — | — | — |
| Short-term debt | $1.37B | $1.83B | $2.25B | $965.1M | $882.3M | $390.4M | $139.8M | $150.6M | $243.4M | $209.7M |
| Deferred revenue | $415.3M | $235.5M | $170.6M | $126.2M | $153.0M | — | — | — | — | — |
| Total current liabilities | $2.87B | $3.21B | $3.64B | $2.11B | $1.89B | $1.36B | $139.8M | $150.6M | $243.4M | $209.7M |
| Long-term debt | $2.43B | $1.82B | $1.47B | $2.22B | $1.88B | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $1.07B | $1.01B | $1.02B | $520.6M | $494.7M | $2.35B | $131.8M | $127.6M | $125.5M | $123.7M |
| Total liabilities | $6.38B | $6.04B | $6.13B | $4.85B | $4.26B | $3.71B | $4.29B | $4.18B | $4.03B | $3.55B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $2.47B | $311.9M | $794.7M | −$881.9M | −$271.5M | $313 | $230.8M | $217.6M | $205.3M | $169.8M |
| Retained earnings (deficit) | −$3.80B | −$1.42B | −$1.25B | −$26.3M | −$5,000 | — | $214.4M | $183.7M | $156.6M | $130.1M |
| Accumulated other comprehensive income | $52.4M | $60.9M | $96.7M | $101.5M | $10.2M | −$102.4M | $985,000 | $383,000 | $692,000 | $1.5M |
| Minority interest | $143.5M | $5.7M | $125.5M | $345.1M | — | — | — | — | — | — |
| Total shareholders' equity | −$1.28B | −$1.05B | −$1.15B | −$780.4M | −$261.3M | −$236.9M | $446.2M | $401.6M | $362.6M | $301.5M |
| Key figures | ||||||||||
| Total debt | $3.98B | $3.66B | $3.72B | $3.18B | $2.76B | $2.35B | $260.5M | $271.2M | $363.8M | $330.1M |
| Net cash (debt) | −$3.79B | −$3.45B | −$3.44B | −$2.97B | −$2.51B | −$1.99B | $1.8M | −$240.4M | −$340.6M | −$311.4M |
| Working capital | −$1.55B | −$1.85B | −$2.27B | −$956.8M | −$875.1M | −$432.0M | $3.81B | $3.46B | $3.08B | $2.71B |
| Tangible book value | −$2.15B | −$1.87B | −$1.99B | −$3.39B | −$2.96B | −$2.54B | $446.2M | $401.6M | $362.6M | $301.5M |
| Book value per share | — | — | — | — | −$16.31 | −$10.89 | $16.37 | $15.03 | $14.05 | $13.62 |
| Shares outstanding | — | — | — | — | 16.0M | 21.8M | 27.3M | 26.7M | 25.8M | 22.1M |
| Current ratio | 0.46 | 0.42 | 0.38 | 0.55 | 0.54 | 0.68 | 28.25 | 23.99 | 13.67 | 13.90 |
| Quick ratio | 0.33 | 0.39 | 0.35 | 0.52 | 0.50 | 0.60 | 28.25 | 23.99 | 13.67 | 13.90 |
| Debt / equity | — | — | — | — | — | — | 0.58 | 0.68 | 1.00 | 1.09 |
| Equity / assets | −24.3% | −20.4% | −22.6% | −17.7% | −6.0% | −6.4% | 9.4% | 8.8% | 8.3% | 7.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $425.8M | $341.5M | $182.4M | $202.4M | $186.1M | $205.7M | $229.0M | $223.0M | $167.2M | $312.6M | $277.0M | $172.7M |
| Cash & equivalents | $425.8M | $341.5M | $182.4M | $202.4M | $186.1M | $205.7M | $229.0M | $210.8M | $167.2M | $277.0M | $277.0M | $172.7M |
| Short-term investments | — | — | — | — | — | — | −$510.4M | $12.2M | $28.1M | $35.6M | — | — |
| Receivables | $926.5M | $1.04B | $1.03B | $971.3M | $834.7M | $576.0M | $878.9M | $878.5M | $914.9M | $781.9M | $981.0M | $740.8M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$28.1M | −$35.6M | −$857.4M | $31.0M |
| Other current assets | $106.0M | $103.5M | $112.0M | $126.2M | $387.4M | $574.2M | $38.0M | $92.6M | $128.6M | $313.2M | $971.5M | $40.6M |
| Total current assets | $1.46B | $1.49B | $1.32B | $1.30B | $1.41B | $1.36B | $1.15B | $1.19B | $1.18B | $1.37B | $1.37B | $985.1M |
| Property, plant & equipment (net) | $34.5M | $34.9M | $34.4M | $319.6M | $34.5M | $34.1M | $334.0M | $343.0M | $352.6M | $381.6M | $381.6M | $123.8M |
| Goodwill & intangible assets | $871.5M | $872.6M | $873.8M | $873.4M | $873.6M | $829.3M | $830.5M | $829.7M | $836.5M | $836.9M | $836.9M | $2.52B |
| Long-term investments | $2.20B | $2.17B | $2.26B | $2.19B | $2.06B | $2.07B | $2.54B | $2.42B | $2.42B | $0 | $0 | $65.6M |
| Other non-current assets | $765.7M | $761.4M | $756.9M | $475.9M | $786.9M | $825.5M | $527.3M | $472.3M | $470.8M | $2.51B | $2.51B | $433.9M |
| Total assets | $5.33B | $5.33B | $5.24B | $5.16B | $5.16B | $5.12B | $5.37B | $5.26B | $5.27B | $5.10B | $5.10B | $4.13B |
| Liabilities | ||||||||||||
| Accounts payable | $169.6M | $213.4M | $258.6M | $283.1M | $307.1M | $248.2M | $251.4M | $256.8M | $231.1M | $246.7M | $246.7M | $229.9M |
| Short-term debt | $1.78B | $1.46B | $1.37B | $1.33B | $136.6M | $215.6M | $1.67B | $443.0M | $2.33B | $2.30B | $2.25B | $47.0M |
| Deferred revenue | $366.5M | $370.4M | $415.3M | $388.6M | $291.0M | $235.5M | $446.7M | $366.5M | $388.7M | $187.6M | $170.6M | $139.9M |
| Total current liabilities | $3.32B | $3.05B | $2.87B | $2.82B | $3.13B | $3.21B | $3.18B | $3.51B | $3.85B | $3.64B | $3.64B | $2.32B |
| Long-term debt | $2.15B | $2.43B | $2.60B | $2.56B | $2.07B | $1.82B | $2.19B | $1.63B | $1.20B | $0 | $0 | $1.72B |
| Other long-term liabilities | $915.9M | $895.0M | $904.7M | $896.1M | $968.1M | $1.00B | $954.5M | $1.07B | $1.01B | $2.49B | $2.49B | $553.1M |
| Total liabilities | $6.39B | $6.38B | $6.38B | $6.28B | $6.16B | $6.04B | $6.32B | $6.20B | $6.07B | $6.13B | $6.13B | $4.60B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $2.53B | $2.50B | $2.47B | $2.44B | $2.41B | $311.9M | $300.7M | $289.7M | $289.3M | $3.15B | $794.7M | −$997.2M |
| Retained earnings (deficit) | −$3.76B | −$3.73B | −$3.80B | −$3.76B | −$3.64B | −$1.42B | −$1.45B | −$1.45B | −$1.34B | −$3.58B | −$47.4M | −$26.6M |
| Accumulated other comprehensive income | $31.0M | $43.4M | $52.4M | $53.4M | $90.1M | $60.9M | $64.8M | $88.6M | $89.1M | $96.7M | $97.2M | $117.1M |
| Minority interest | $142.1M | $143.5M | $144.9M | $144.8M | $144.8M | — | — | — | — | — | — | — |
| Total shareholders' equity | −$1.20B | −$1.19B | −$1.28B | −$1.26B | −$1.15B | −$1.05B | −$1.08B | −$1.07B | −$960.8M | −$1.15B | −$1.15B | −$880.1M |
| Key figures | ||||||||||||
| Total debt | $3.94B | $3.89B | $3.98B | $3.89B | $1.67B | $1.67B | $3.86B | $2.07B | $3.53B | $4.10B | $3.72B | $1.77B |
| Net cash (debt) | −$3.51B | −$3.55B | −$3.79B | −$3.69B | −$1.48B | −$1.47B | −$3.63B | −$1.85B | −$3.37B | −$3.78B | −$3.44B | −$1.60B |
| Working capital | −$1.86B | −$1.56B | −$1.55B | −$1.52B | −$1.72B | −$1.86B | −$2.04B | −$2.31B | −$2.67B | −$2.27B | −$2.27B | −$1.34B |
| Tangible book value | −$2.07B | −$2.07B | −$2.15B | −$2.13B | −$2.02B | −$1.87B | −$1.91B | −$1.90B | −$1.80B | −$1.99B | −$1.99B | −$3.40B |
| Current ratio | 0.44 | 0.49 | 0.46 | 0.46 | 0.45 | 0.42 | 0.36 | 0.34 | 0.31 | 0.38 | 0.38 | 0.42 |
| Quick ratio | 0.41 | 0.45 | 0.42 | 0.42 | 0.33 | 0.24 | 0.35 | 0.31 | 0.28 | 0.30 | 0.35 | 0.39 |
| Equity / assets | −22.5% | −22.4% | −24.3% | −24.4% | −22.2% | −20.4% | −20.1% | −20.4% | −18.2% | −22.6% | −22.6% | −21.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 5, 2026); data from EODHD.
LION financial position
At the end of fiscal 2025 (December 31, 2025), Lionsgate Studios had total assets of $5.2 billion (up 2.5% from a year earlier), total liabilities of $6.4 billion and shareholders' equity of -$1.3 billion. It held $182.4 million in cash and short-term investments against $4.0 billion of debt, net debt of $3.8 billion. Its current ratio was 0.46. In the latest quarter (ended June 30, 2026) total assets were $5.3 billion and equity -$1.2 billion.
Related: LION income statement, LION cash flow statement, LION key metrics. See the LION stock overview for the latest quote and news.
LION balance sheet FAQ
What are Lionsgate Studios's total assets?
Lionsgate Studios reported total assets of $5.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $5.1 billion a year earlier.
How much debt does Lionsgate Studios have?
Lionsgate Studios had $4.0 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was —.
How much cash does Lionsgate Studios have?
Lionsgate Studios held $182.4 million in cash and short-term investments at the end of fiscal 2025; with $4.0 billion of debt that is net debt of $3.8 billion.
What is Lionsgate Studios's book value?
Lionsgate Studios's shareholders' equity (book value) was -$1.3 billion at the end of fiscal 2025.
What is Lionsgate Studios's current ratio?
Lionsgate Studios had current assets of $1.3 billion and current liabilities of $2.9 billion, a current ratio of 0.46 (current liabilities exceed current assets).
How much goodwill does Lionsgate Studios have?
Lionsgate Studios carried $873.8 million of goodwill and intangible assets, 16.7% of total assets, at the end of fiscal 2025.