olivLaw · US equity research
Alliance Entertainment Holding Corp. AENT
Wholesale-Durable Goods, NEC · SIC 5099 · Vertical: Wholesale — durable goods (SIC 509x)
Alliance Entertainment is a global distributor and retailer of physical entertainment and collectible products, with over 340000 SKUs in stock and a portfolio expanding into premium collectibles and authentication. The company grew net revenues 8% in fiscal 2026, suggesting physical formats remain relevant in a market dominated by streaming.
At the close of 05 Nov 2026, Alliance Entertainment Holding Corp. (AENT) stock was 4.25 USD (−3.19% on the day), with market capitalisation 216.5 m USD, P/E 16.3 on diluted EPS of 0.26 USD over the last 12 months, beta 1.25, 52-week range 4.25–8.43 USD. Latest reported quarter (Q4 2026): revenue of 500.0 k USD (+25.0% YoY), net income of -3.5 m USD (−161.1% YoY), diluted EPS -0.07 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 38.5
- weak (30–45)
- Bollinger (20, 2)
- 4.21 – 4.85
- in the lower half of the band · %B 0.07 · band width 14.3%
- SMA 50 / 200
- 4.83 / 5.94
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.11 / -0.10
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −7.6% | −1.1% | −6.5 pp | — |
| 3 months | −25.3% | −0.5% | −24.9 pp | — |
| 6 months | −41.9% | +4.4% | −46.3 pp | — |
| Year to date | −47.4% | +12.3% | −59.7 pp | — |
| 1 year | −36.6% | +13.5% | −50.1 pp | −39.9% |
| 3 years | +282.9% | +76.4% | +206.5 pp | −37.6% |
| 5 years | −56.8% | +63.7% | −120.4 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q4 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 800.0 k | 700.0 k | 400.0 k | 870.0 k | 700.0 k | 600.0 k | 500.0 k |
| Cost of revenue | 203.5 m | 351.4 m | 184.0 m | -738.8 m | 216.8 m | 321.6 m | 225.2 m | 233.1 m |
| SG&A | 13.1 m | 13.8 m | 14.2 m | 14.9 m | 15.1 m | 16.6 m | 16.9 m | 17.6 m |
| Operating income | 2.1 m | 14.8 m | 3.5 m | 9.7 m | 10.5 m | 17.3 m | 3.3 m | -3.9 m |
| Depreciation & amortisation | 426.0 k | 400.0 k | 1.4 m | 548.0 k | 442.0 k | 1.3 m | 1.4 m | 454.0 k |
| Interest expense | 2.8 m | 2.0 m | 1.5 m | 1.6 m | 1.6 m | 1.7 m | 1.5 m | 200.0 k |
| Pre-tax income | -760.0 k | 9.4 m | 2.8 m | 7.3 m | 6.7 m | 13.0 m | 2.6 m | -3.5 m |
| Income tax | -1.2 m | 2.4 m | 919.0 k | 1.5 m | 1.9 m | 3.6 m | 323.0 k | -13.0 k |
| Net income | 397.0 k | 7.1 m | 1.9 m | 5.8 m | 4.9 m | 9.4 m | 2.3 m | -3.5 m |
| Diluted EPS | 0.01 | 0.14 | 0.04 | 0.11 ≈ | 0.10 | 0.18 | 0.05 | -0.07 ≈ |
| Operating cash flow | -11.6 m | 25.3 m ≈ | 2.5 m ≈ | 10.7 m | 2.7 m | -16.5 m ≈ | 21.1 m ≈ | -9.0 m |
| Capex | 10.0 k | 0 ≈ | 42.0 k ≈ | 2.0 k | 345.0 k | 367.0 k ≈ | 262.0 k ≈ | 100.0 k |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 44 percentile of its own 9-quarter history (min 12.5, median 17.3, max 70.1; quarters with earnings only).
Fiscal years
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Revenue | unavailable | 1.4 bn | 16.8 m | 8.4 m | 2.7 m | 2.7 m |
| Revenue YoY | unavailable | unavailable | −98.8% | −50.0% | −67.9% | 0.0% |
| Net income | 3.2 m | 2.9 m | -35.4 m | 4.6 m | 15.1 m | 13.1 m |
| Net income YoY | unavailable | −9.3% | −1,302.8% | unavailable | +229.1% | −13.4% |
| Diluted EPS | unavailable | 0.60 | -0.74 | 0.09 | 0.30 | 0.26 |
| Diluted EPS YoY | unavailable | unavailable | −223.3% | unavailable | +233.3% | −13.3% |
| net % | unavailable | 0.2% | -210.7% | 54.5% | 558.4% | 483.6% |
| Free cash flow | unavailable | -1.3 m | 2.6 m | 55.6 m | 26.8 m | -2.8 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2026 · 30 Jun 2026
- Cash
- 814.0 k USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 116.6 m USD
- Total assets
- 397.6 m USD
- Debt / equity
- unavailable
- Current ratio
- 1.34x
- ROE
- 11.9%
- ROA
- 3.4%
- FCF margin
- -102.7%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | — | 1.4 bn | 16.8 m | 8.4 m | 2.7 m | 2.7 m | SEC (XBRL)· 10 Sept 2026verified |
| Cost of revenue | — | 1.2 bn | 8.3 m | 1.0 m | 0 | 996.7 m | SEC (XBRL)· 10 Sept 2026verified |
| Gross profit | — | 182.4 m ≈ | 8.5 m ≈ | 7.4 m ≈ | 2.7 m ≈ | -994.0 m ≈ | SEC (XBRL)· 10 Sept 2026derived |
| SG&A | — | 58.1 m | 59.1 m | 57.7 m | 56.0 m | 66.2 m | SEC (XBRL)· 10 Sept 2026verified |
| Operating income | -976.8 k | -2.6 m | -32.7 m | 14.1 m | 30.1 m | 27.2 m | SEC (XBRL)· 10 Sept 2026verified |
| Depreciation & amortisation | — | 3.1 m | 2.2 m | 1.9 m | 1.8 m | 1.8 m | SEC (XBRL)· 10 Sept 2026verified |
| EBITDA | — | 492.0 k ≈ | -30.5 m ≈ | 16.0 m ≈ | 32.0 m ≈ | 29.0 m ≈ | SEC (XBRL)· 10 Sept 2026derived |
| Interest expense | — | 4.1 m | 11.4 m | 11.2 m | 7.2 m | 4.9 m | SEC (XBRL)· 10 Sept 2026verified |
| Pre-tax income | 3.2 m | 3.2 m | -44.5 m | 1.9 m | 18.7 m | 18.8 m | SEC (XBRL)· 10 Sept 2026verified |
| Income tax | — | 264.5 k | -9.1 m | -2.7 m | 3.6 m | 5.8 m | SEC (XBRL)· 10 Sept 2026verified |
| Net income | 3.2 m | 2.9 m | -35.4 m | 4.6 m | 15.1 m | 13.1 m | SEC (XBRL)· 10 Sept 2026verified |
| Diluted EPS | — | 0.60 | -0.74 | 0.09 | 0.30 | 0.26 | SEC (XBRL)· 10 Sept 2026verified |
| Weighted average diluted shares | — | — | 48.1 m | 50.8 m | 51.0 m | 51.1 m | SEC (XBRL)· 10 Sept 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue; Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 724.4 k | 18.0 k | 865.0 k | 1.1 m | 1.2 m | 814.0 k | SEC (XBRL)· 10 Sept 2026verified |
| Receivables | — | — | 104.9 m | 92.4 m | 95.0 m | 111.0 m | SEC (XBRL)· 10 Sept 2026verified |
| Inventories | — | — | 146.8 m | 97.4 m | 102.8 m | 126.6 m | SEC (XBRL)· 10 Sept 2026verified |
| Current assets | 923.6 k | 20.5 k | 260.9 m | 196.2 m | 218.1 m | 248.3 m | SEC (XBRL)· 10 Sept 2026verified |
| Property, plant & equipment, net | — | — | 13.4 m | 12.9 m | 11.3 m | 10.6 m | SEC (XBRL)· 10 Sept 2026verified |
| Goodwill | — | — | 89.1 m | 89.1 m | 89.1 m | 94.1 m | SEC (XBRL)· 10 Sept 2026verified |
| Intangibles (excl. goodwill) | — | — | 17.4 m | 13.4 m | 18.5 m | 18.5 m | SEC (XBRL)· 10 Sept 2026verified |
| Total assets | 117.1 m | 117.8 m | 389.5 m | 340.8 m | 361.2 m | 397.6 m | SEC (XBRL)· 10 Sept 2026verified |
| Accounts payable | — | — | 151.6 m | 133.2 m | 155.3 m | 171.0 m | SEC (XBRL)· 10 Sept 2026verified |
| Short-term debt | — | — | 133.0 m | 73.0 m | — | — | SEC (XBRL)· 20 Sept 2024verified |
| Current liabilities | 440.2 k | 2.4 m | 301.2 m | 147.9 m | 172.7 m | 185.9 m | SEC (XBRL)· 10 Sept 2026verified |
| Total liabilities | 5.3 m | 3.1 m | 310.0 m | 253.2 m | 258.0 m | 281.0 m | SEC (XBRL)· 10 Sept 2026verified |
| Equity | 109.8 m † | 92.5 m † | 79.5 m † | 87.6 m † | 103.2 m † | 116.6 m † | SEC (XBRL)· 10 Sept 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -340.6 k | -1.2 m | 3.4 m | 55.8 m | 26.8 m | -1.7 m | SEC (XBRL)· 10 Sept 2026verified |
| Capex | — | 50.0 k | 825.0 k | 183.0 k | 54.0 k | 1.1 m | SEC (XBRL)· 10 Sept 2026verified |
| Free cash flow | — | -1.3 m ≈ | 2.6 m ≈ | 55.6 m ≈ | 26.8 m ≈ | -2.8 m ≈ | SEC (XBRL)· 10 Sept 2026derived |
| Investing cash flow | -116.2 m | -50.0 k | -824.0 k | -117.0 k | -8.1 m | -2.0 m | SEC (XBRL)· 10 Sept 2026verified |
| Financing cash flow | 117.1 m | 502.2 k | -3.2 m | -55.4 m | -18.6 m | 3.3 m | SEC (XBRL)· 10 Sept 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- score weight coverage: 50.0% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 216.5 m USD
Key indicators
Coverage and freshness
Score by group
50% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 1.21 – 5.05 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/E1.21 – 5.05 (Mid 3.23)5 companies used · median multiple 12.4x · quartiles 4.6x – 19.4xCNM, GOLD, POOL, SORA, YDDL
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 50.0% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 483.6% | 100 (vs peers) | 13% |
| FCF conversion · Quality | -21.2% | 0 (on a fixed band) | 13% |
| Revenue CAGR 3Y · Growth | -45.6% | 0 (on a fixed band) | 17% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 5.6x | 62 (on a fixed band) | 13% |
| Current ratio · Balance sheet | 1.3x | 45 (on a fixed band) | 8% |
| P/E (TTM) · Valuation | 16.3x | 40 (vs peers) | 21% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | -1.3% | 0 (on a fixed band) | 17% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet55/100 · 2/3 factors with a value
- Growth· partial0/100 · 1/2 factors with a value
- Quality50/100 · 2/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation22/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
ALLIANCE ENTERTAINMENT HOLDING CORPORATION (AENT). Latest full fiscal year: 2026; data up to 2026-06-30.
Figures computed from the financial statements: revenue 2.7 m USD in 2026; YoY growth 0.0%; net margin 483.6%; ROE 11.9%.
The estimated value range is 1.21–5.05 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 3.23 USD, the price of 4.25 USD leaves a potential of -24.0% (value / price − 1) and a margin of safety of -31.6% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 50.0% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net margin: 483.6%
What contradicts it
- FCF conversion: -21.2%
- Revenue CAGR 3Y: -45.6%
- FCF yield: -1.3%
Not assessed (insufficient data or a ratio without meaning): ROIC, EPS CAGR 3Y, Net debt / EBITDA, EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Wholesale — durable goods (SIC 509x) · same industry group (3-digit SIC) · compared with 7 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| POOLPool Corporation | 7.7 bn | 19.9 | 30.4% | 7.3% | −0.4% | −11% / −38% |
| GOLDGold.com, Inc. | 1.1 bn | 12.4 | 10.8% | 0.3% | +132.4% | +31% / +31% |
| AENTAlliance Entertainment Holding Corporation | 216.5 m | 16.3 | 11.9% | 483.6% | 0.0% | −37% / +283% |
| SORAAsiaStrategy | 57.9 m | 4.6 | 106.1% | 111.9% | −37.7% | −40% / unavailable |
| BGMSBio Green Med Solution, Inc. | 5.7 m | — | -40.8% | -204.0% | −100.0% | −43% / −100% |
| GNLNGreenlane Holdings, Inc. | 847.3 k | — | -534.0% | -4,630.6% | −67.2% | −95% / −100% |
| CNMCore & Main, Inc. | — | 19.4 | 23.4% | 6.0% | +2.8% | −3% / +34% |
| YDDLOne and one Green Technologies. INC | — | 4.5 | 37.8% | 17.9% | +23.1% | −80% / unavailable |
1- and 3-year price returns: for AENT from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 2.24 Total return -47% · Per year -47% | 3.98 Total return -6% · Per year -6% | 6.02 Total return 42% · Per year 42% |
| 3 years | 1.78 Total return -58% · Per year -25% | 3.59 Total return -15% · Per year -5% | 6.02 Total return 42% · Per year 12% |
| 5 years | 1.41 Total return -67% · Per year -20% | 3.24 Total return -24% · Per year -5% | 6.02 Total return 42% · Per year 7% |
- Exit P/E± 0.90
- Net margin± 0.63
- Annual revenue growth± 0.57
- Annual dilution± 0.05
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Alliance Entertainment is a global distributor and retailer of physical entertainment and collectible products, with over 340000 SKUs in stock and a portfolio expanding into premium collectibles and authentication. The company grew net revenues 8% in fiscal 2026, suggesting physical formats remain relevant in a market dominated by streaming.
SWOT
Strengths
- The company has long experience in distribution and a broad product portfolio, with automated fulfilment capabilities and relationships with major studios and retailers.
- Exclusive distribution agreements for major studios' physical content strengthen the company's position as a scaled partner for physical entertainment.
- Gross margin and adjusted profit growth show an ability to extract value from premium products and categories with better margins.
Weaknesses
- Working capital grew faster than revenue, and operating cash flow was negative in fiscal 2026.
- The company recorded a non-cash write-off of a historical vendor rebate receivable, which weighed on reported net income.
- Administrative expenses rose with personnel and consulting costs, which could limit operating margin expansion.
Opportunities
- Collectibles and authenticated products could become a higher-margin revenue source if adoption continues.
- Retailers and studios that outsource physical distribution could create new contracts for fulfilment and exclusive distribution.
- Lower borrowing costs could support investment in automation and technology, if these translate into operating efficiency.
Threats
- Consumer migration to streaming and direct-to-digital release could reduce demand for traditional categories.
- Tariffs and changes in trade policy could raise acquisition costs and weigh on gross margin.
- Competition from larger retailers and distributors could pressure pricing and vendor terms.
Risks
- Dependence on technology and formatshigh
If the company fails to adapt quickly to technological change in music, video and gaming, its business could be affected.
- Supply chain pressurehigh
Logistics and supply disruptions have raised acquisition costs and could lead to lost sales or contractual penalties.
- Indebtedness and covenantsmedium
The revolving credit facility and financing restrictions could limit financial flexibility, particularly if economic conditions worsen.
- Inventory riskmedium
Large product inventories could lead to write-downs or storage costs if demand does not materialise as forecast.
- Related-party transactionslow
Transactions with related parties may create conflicts of interest, and inadequate oversight could weigh on investor confidence.
Investment thesis
What would need to be true (bull case)
- If demand for premium physical products and collectibles continues, the company could benefit from its scaled distribution position and partnerships with major studios.
- Gross margin and adjusted profit growth suggest that the higher-value product strategy could support more balanced development.
- Automation and fulfilment capabilities could attract retailers that outsource distribution, potentially producing more stable revenue.
What would break the thesis
- If the shift to streaming accelerates, physical categories could decline faster than management expects, affecting volumes.
- Rising working capital and negative operating cash flow could limit the company's ability to turn profit into cash.
- Tariffs and competition from larger players could compress margins, particularly if acquisition costs rise.
What to watch
- Evolution of gross margin and administrative costsQ1 2027
- Trend in working capital and operating cash flow2027
- Contribution of collectibles and authenticated products to revenuenext 10-K
- Impact of tariffs and trade policy on cost of sales2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Alliance Entertainment distributes vinyl, CDs, DVDs, Blu-ray, video games, electronics and licensed products, serving more than 35000 retail locations and about 200 online storefronts in over 75 countries. The company combines wholesale distribution with direct-to-consumer sales and fulfilment services for retailers, supported by automation at its Shepherdsville warehouse.
Recently Alliance expanded its portfolio through Alliance Home Entertainment, which exclusively distributes Paramount Pictures physical content and, from January 2026, Amazon MGM Studios content. The company also acquired Handmade by Robots, a designer of licensed collectible figures, and Endstate Authentic, which brings NFC technology for product authentication.
Revenue is dominated by vinyl and DVD/Blu-ray, with video games and CDs completing the portfolio. Management describes its strategy through three pillars, Service, Selection and Technology, and recent developments point to a shift toward premium and collectible products with higher margins.
Segments
Vinyl and DVD/Blu-ray
Vinyl represented about 33% of consolidated revenue in fiscal 2026, and DVD, Blu-ray and UltraHD about 30%. These are the company's largest categories and reflect demand for premium physical formats.
Games and CDs
Video games represented about 16% of revenue in fiscal 2026, and CDs about 14%. Game distribution relies on relationships with major publishers, while CDs grew over the last year.
Collectibles and third-party distribution
Collectibles and licensed merchandise are growing as a share of sales, supported by Handmade by Robots and Alliance Authentic. Fulfilment and 3PL services for retailers complement the segment, with revenue growth in fiscal 2026.
Market context
The physical entertainment market is contracting overall as streaming grows, but collector and enthusiast niches show growth. Retailers are reducing shelf space for physical products, which favours distributors with direct-to-consumer and fulfilment capabilities.
E-commerce and demand for fulfilment services are growing in North America, and content owners are outsourcing physical distribution. This dynamic could favour a scaled distributor if demand for premium products holds.
Trends
- Demand for premium physical formatstailwind
Companies report sustained demand for vinyl, special editions and box sets, and physical movie sales rose 22% in fiscal 2026. If this preference persists, the premium product portfolio could support margins.
- Migration to streamingheadwind
Many releases go directly to streaming platforms without a physical format, and management acknowledges that the overall effect on revenue is hard to predict. This structural pressure could limit growth in classic categories.
- Retail shelf reductionsmixed
Large chains are reducing space for physical products, which may push retailers to outsource fulfilment. The company believes this favours its distribution model, but the effect depends on how quickly demand shifts.
- Tariffs and trade policyheadwind
IEEPA tariffs were invalidated in February 2026, but other tariffs remain in force, and the company says its current exposure has not been material. Escalating tariffs could still affect cost of sales and gross margin.
Competitive position
The company competes with many small and large distributors, as well as e-commerce retailers and platforms building brands across several categories. Competitors with greater resources may secure better vendor terms and invest more in technology and marketing.
Specialised distributors have an agility advantage in niches, and partnerships with artists for exclusive releases are a differentiator. The company argues that its scale, portfolio and fulfilment capabilities give it an edge, but competitive pressure could increase.
- E-commerce retailers and general platforms
Compete for consumer attention and spending, with greater resources and better vendor terms, as described in the company's filing.
- Large entertainment distributors
Operate at national scale and may negotiate more favourable terms with publishers and studios, according to the risk factors.
- Specialised niche distributors
Can be more agile in responding to market trends and compete on exclusive products for collectors.
- Entertainment companies with multi-category brands
Build brands across several consumer categories, including through content, and can compete for consumer attention.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Alliance Entertainment (AENT) Rises After Fiscal 2026 Results: What Investors Should KnowYahoo Finance — News · 14 Sept 2026 · EN
- Why Alliance Entertainment Stock Surged TodayYahoo Finance — News · 11 Sept 2026 · EN
- Alliance Entertainment FY2026 Revenue Rises 8% to $1.15 BillionYahoo Finance — News · 11 Sept 2026 · EN
- Alliance Entertainment Holding Corporation Q4 2026 Earnings Call SummaryYahoo Finance — News · 11 Sept 2026 · EN
- Alliance Entertainment Q4 Earnings Call HighlightsYahoo Finance — News · 10 Sept 2026 · EN
The latest news item in our archive is from 14 Sept 2026; the newest SEC filing is from 16 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Current report16 Oct 2026Departure or appointment of officers · Financial statements and exhibits
- Proxy statement24 Sept 2026
- Current report10 Sept 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Annual report10 Sept 2026
- Current report28 Aug 2026Amendments to articles or bylaws · Financial statements and exhibits
- Current report29 Jul 2026Amendments to articles or bylaws · Financial statements and exhibits
- Current report29 Jun 2026Shareholder vote
- Current report14 May 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Quarterly report14 May 2026
- Current report13 Feb 2026Results of operations · Departure or appointment of officers · Regulation FD disclosure · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2026-06-30 · SEC / Alliance Entertainment Holding Corp. · 10 Sept 2026
- [2] Form 8-K, results release (exhibit 99.1) · SEC / Alliance Entertainment Holding Corp. · 10 Sept 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.