{"id":2243836,"date":"2026-01-21T14:14:09","date_gmt":"2026-01-21T14:14:09","guid":{"rendered":"https:\/\/celebrity.land\/en\/?p=2243836"},"modified":"2026-01-21T14:14:09","modified_gmt":"2026-01-21T14:14:09","slug":"rivulet-entertainment-q1-2026-zero-revenue-and-deeper-losses-reinforce-bearish-narratives","status":"publish","type":"post","link":"https:\/\/celebrity.land\/en\/rivulet-entertainment-q1-2026-zero-revenue-and-deeper-losses-reinforce-bearish-narratives\/","title":{"rendered":"Rivulet Entertainment Q1 2026 Zero Revenue And Deeper Losses Reinforce Bearish Narratives"},"content":{"rendered":"<p><\/p>\n<div data-cy-id=\"article-content\">\n<p>Rivulet Entertainment (OTCPK:RIVF) opened 2026 with a quiet top line and a deeper loss, reporting Q1 total revenue of US$0 and a net loss of US$0.97 million, which translated to basic EPS of US$0.01. Over recent quarters the company has seen revenue move between US$0 and US$10 million, while quarterly basic EPS ranged from about US$0.00 to US$0.03 in losses. This sets a backdrop where margin pressure rather than sales growth is front and center for investors parsing this update.<\/p>\n<p> <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.simplywall.st\/stocks\/us\/software\/otc-rivf\/rivulet-entertainment\" target=\"_blank\" rel=\"noopener noreferrer\" data-vars-link-type=\"cta_company_latest_analysis_earnings\" class=\"company-report-links\">See our full analysis for Rivulet Entertainment.<\/a> <\/p>\n<p>With the numbers on the table, the next step is to see how this earnings profile lines up against the prevailing narratives around Rivulet Entertainment, and where those storylines might need to be reassessed.<\/p>\n<p><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/simplywall.st\/features\/community-narratives\" target=\"_blank\" rel=\"noopener noreferrer\" data-vars-link-type=\"cta_generic_community_narrative\" class=\"company-report-links\">Curious how numbers become stories that shape markets? Explore Community Narratives<\/a><\/p>\n<figure><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.simplywall.st\/stocks\/us\/software\/otc-rivf\/rivulet-entertainment\/past\" target=\"_blank\" rel=\"noopener noreferrer\" data-vars-link-type=\"infographic\" class=\"company-report-links\"><\/a><figcaption>OTCPK:RIVF Earnings &amp; Revenue History as at Jan 2026<\/figcaption><\/figure>\n<h2>Losses Stack Up To US$6.3 Million Over The Last Year<\/h2>\n<ul>\n<li>On a trailing 12 month basis, Rivulet booked total revenue of US$10 million and a net loss of about US$6.3 million, which works out to basic EPS of US$0.06 in losses.<\/li>\n<li>Bears point to the five year loss trend of 44.4% annual earnings declines and argue that the Q1 2026 net loss of roughly US$1.0 million and the Q2 2025 loss of about US$3.0 million both sit inside a longer pattern of losses rather than one off items.\n<ul>\n<li>That view is backed up by the trailing 12 month net loss figure of around US$6.3 million, which is materially larger than any single quarterly loss in the current dataset.<\/li>\n<li>The fact that every quarter shown from Q4 2024 through Q1 2026 is loss making supports the bearish focus on persistent unprofitability rather than short term swings.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p> Stay with this section, because the size and persistence of those losses are what bearish investors keep coming back to when they talk about risk in Rivulet.<\/p>\n<h2>Under One Year Of Cash Runway And Negative Equity<\/h2>\n<ul>\n<li>Analysis of the balance sheet highlights negative shareholders&#8217; equity and an estimated cash runway of under one year based on the same trailing 12 month data that shows a US$6.3 million loss.<\/li>\n<li>Skeptics lean on those balance sheet flags and say the combination of ongoing losses, negative equity and a short cash runway makes the earnings trend more fragile than the income statement alone suggests.\n<ul>\n<li>The trailing 12 month net loss of about US$6.3 million sits against that limited runway, so the business is using up resources faster than it is generating them at present.<\/li>\n<li>With every quarter in the sample loss making, bears argue that negative equity is not just an accounting quirk but a reflection of cumulative losses over several periods.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p> Skeptical investors are not just reacting to the red ink in Q1, they are looking at the combination of losses, short runway and negative equity as a single package of balance sheet risk.<\/p>\n<h2>P\/S Of 10.7x Versus 4.5x Industry Average<\/h2>\n<ul>\n<li>The shares trade on a P\/S of 10.7x, which is more than double the US software industry average of 4.5x and also above the peer average of 2.7x, even though the trailing 12 month result is a US$6.3 million loss on US$10 million of revenue.<\/li>\n<li>What stands out for bearish investors is that this higher than industry P\/S multiple sits alongside illiquid trading in the shares and a multi year record of loss making operations.\n<ul>\n<li>The trailing 12 month EPS of US$0.06 in losses means there is no positive earnings base to support that 10.7x sales multiple using traditional P\/E style checks.<\/li>\n<li>With the stock highly illiquid, bears argue that any change in sentiment around those loss trends can move the share price sharply even if the underlying revenue base is still US$10 million.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p> For a stock with consistent losses and thin trading, that 10.7x sales tag is exactly what cautious investors focus on when they question how durable the current pricing is.<\/p>\n<h2> Next Steps<\/h2>\n<p>Don&#8217;t just look at this quarter; the real story is in the long-term trend. We&#8217;ve done an in-depth analysis on Rivulet Entertainment&#8217;s <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.simplywall.st\/stocks\/us\/software\/otc-rivf\/rivulet-entertainment\/past\" target=\"_blank\" rel=\"noopener noreferrer\" data-vars-link-type=\"conclusion_cta_when_narratives_dont_exist\" class=\"company-report-links\">growth<\/a> and its <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.simplywall.st\/stocks\/us\/software\/otc-rivf\/rivulet-entertainment\/valuation\" target=\"_blank\" rel=\"noopener noreferrer\" data-vars-link-type=\"conclusion_cta_when_narratives_dont_exist\" class=\"company-report-links\">valuation<\/a> to see if today&#8217;s price is a bargain. Add the company to your <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/simplywall.st\/features\/stock-watchlist\" target=\"_blank\" rel=\"noopener noreferrer\" data-vars-link-type=\"conclusion_cta_when_narratives_dont_exist\" class=\"company-report-links\">watchlist<\/a> or <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/simplywall.st\/portfolio\/demo\" target=\"_blank\" rel=\"noopener noreferrer\" data-vars-link-type=\"conclusion_cta_when_narratives_dont_exist\" class=\"company-report-links\">portfolio<\/a> now so you don&#8217;t miss the next big move.<\/p>\n<h2>Explore Alternatives<\/h2>\n<p>Rivulet Entertainment is working through recurring losses, negative equity, a short cash runway and a relatively high P\/S multiple on US$10 million of revenue.<\/p>\n<p>If you would rather focus on companies with stronger cushions and cleaner balance sheets, check out our pre screened <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/simplywall.st\/discover\/investing-ideas\/10146\/solid-balance-sheet-and-fundamentals\/global\" target=\"_blank\" rel=\"noopener noreferrer\" data-vars-link-type=\"cta_screener_solid_balance_sheet\" class=\"company-report-links\">solid balance sheet and fundamentals stocks screener (392 results)<\/a> today and compare businesses built on firmer financial footing.<\/p>\n<p><em> This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data<br \/>\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.<\/strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your<br \/>\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.<br \/>\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.<br \/>\n    Simply Wall St has no position in any stocks mentioned.<\/em><\/p>\n<div class=\"sc-c5c48472-0 iepWgB\">\n<h3 class=\"sc-dODueM KOdCR\"><strong>New: <\/strong>AI Stock Screener &amp; Alerts<\/h3>\n<p>Our new AI Stock Screener scans the market every day to uncover opportunities.<\/p>\n<p>\u2022 Dividend Powerhouses (3%+ Yield)<br \/>\u2022 Undervalued Small Caps with Insider Buying<br \/>\u2022 High growth Tech and AI Companies<\/p>\n<p>Or build your own from over 50 metrics.<\/p>\n<p><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/simplywall.st\/features\/stock-screener\" target=\"_blank\" data-focus=\"dashed\" class=\"sc-kuACkN dMOfgv\">Explore Now for Free<\/a><\/div>\n<p class=\"sc-8e1a88f-2 fcAAUm\"><strong>Have feedback on this article? Concerned about the content? <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/feedback.simplywall.st\/article\/NDM1OTE5NjpmZDBlNzEwMjlhZWM5NDBh\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"company-report-links\">Get in touch<\/a> with us directly.<\/strong><em> Alternatively, email <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/simplywall.st\/stocks\/us\/software\/otc-rivf\/rivulet-entertainment\/news\/mailto:editorial-team@simplywallst.com?subject=Re%3A%20Your%20article%20on%20OTCPK%3ARIVF%20(news)%20from%2021st%20January%202026\" rel=\"nofollow\">editorial-team@simplywallst.com<\/a><\/em><\/p>\n<\/div>\n<p><em> \u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n<p><em> \u2018 Some details of this article were extracted from the following source simplywall.st \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rivulet Entertainment (OTCPK:RIVF) opened 2026 with a quiet top line and a deeper loss, reporting Q1 total revenue of US$0 and a net loss of US$0.97 million, which translated to basic EPS of US$0.01. Over recent quarters the company has seen revenue move between US$0 and US$10 million, while quarterly basic EPS ranged from about [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2243837,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[25172],"tags":[],"class_list":["post-2243836","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2026\/01\/Rivulet-Entertainment-Q1-2026-Zero-Revenue-And-Deeper-Losses-Reinforce.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2243836","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/comments?post=2243836"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2243836\/revisions"}],"predecessor-version":[{"id":2243838,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2243836\/revisions\/2243838"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2243837"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2243836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2243836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2243836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}