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Lionsgate Studios

LION on NYSE. Lionsgate sells movies and television shows to viewers and streaming services. Market value $3.3bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to March 2026.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

What to watch out for

See Media & telecom stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
past 12 months to June 2026
2.9%low

For every $100 of what the whole company costs, it produced $2.88 of spare cash in the past 12 months. A savings account pays about $4.

Price to profit
past 12 months to June 2026
36.4×full

You pay 36.4 years of operating profit for the business. The average large US company costs around 18.

Return on capital
five annual reports to March 2026
n/a

The filings do not give us enough to work this out.

Quality score: not known. Price score: 15 of 100. Our list needs 70 on quality and 60 on price.

$11.35 a share, 93% above its 1-year low

Over the past year the price has ranged from $5.88 to $16.70.

Pays no dividend

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

-0.2
0.0
0.1
2025202612 monthsto Jun '26

Spare cash swings from quarter to quarter here: $97 million in the past 12 months, $11 million in the year to March 2026.

Revenue
$2.6bn$2.6bn
Operating margin
-0.7%3.7%
Debt to equity
n/an/a
Shares outstanding
0.29bn0.30bn

Health checks

  • Free cash flow positive1 of 2 years
  • Accounting looks honest (Beneish)Not enough data
  • Financial strength (Piotroski)5 of 7 checks we could run
  • Profit backed by cash (accruals)Yes
  • DebtUnknown
  • Revenue growth, five yearsUnknown
  • Buying back its own sharesRoughly flat

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

  • Sales: $777 million last quarter, up 48% on a year ago.
  • A loss of $29 million, compared with a loss of $109 million a year ago.
  • It keeps 5 cents of each $1 of sales as operating profit, up from 0 cents a year earlier.
  • Spare cash over the past 12 months: $97 million. A year earlier it spent $51 million more than it brought in.
  • 7% more shares than a year ago. Each share owns a bit less of the company.
  • Debt is $1.5 billion more than cash, about the same as a year ago.

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
n/a
Last annual report (10-K)
27 May 2026
Next quarterly (estimated, 10-Q)
5 November 2026

Who owns it

2 long-term investors we follow own it, down from 4 last quarter. 293 funds in all.

Jun '25
Dec '25
Jun '26

Sold out this quarter

Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

9 investors own more than 5%.

  • Mark H. Rachesky, M.D.
    Passive investor
    at least 13.3%
    (filed with 3 related holders)
    Since 6 May 2025
    What they said

    All of the Common Shares reported on this Schedule 13D were acquired for investment purposes. The Reporting Persons intend to review their holdings in the Issuer on a continuing basis and as part of this ongoing review to evaluate various alternatives that are or may become…

    Read the filing
  • MHR FUND MANAGEMENT LLC
    Passive investor
    at least 13.0%−0.1 pts
    (filed with 6 related holders)
    Since 8 July 2026
    What they said

    Item 4 is hereby amended and restated as follows. All of the Common Shares reported on this Schedule 13D were acquired for investment purposes. The Reporting Persons intend to review their holdings in the Issuer on a continuing basis and as part of this ongoing review to…

    Read the filing
  • at least 13.0%+0.4 pts
    (filed with 6 related holders)
    Since 26 January 2026
    What they said

    On January 26, 2026, the Liberty Manager and the Liberty Funds (each, a "Liberty Party," and together, the "Liberty Parties") entered into a Governance, Standstill and Voting Agreement (the "Standstill Agreement"), with the Issuer and MHR Fund Management LLC and affiliated funds…

    Read the filing
  • MHR Fund Management LLC
    Passive investor
    13.0%
    Since 26 January 2026
    What they said

    Item 6 to this Schedule 13D is hereby incorporated by reference.

    Read the filing
  • FMR LLC
    Passive investor
    at least 6.7%+1.6 pts
    (filed with 1 related holder)
    Since 30 June 2026
  • at least 6.5%
    (filed with 1 related holder)
    Since 31 March 2026
  • BlackRock, Inc.
    Passive investor
    5.1%
    Since 30 June 2025
  • Liberty Global Ltd.
    at least 2.5%
    (filed with 1 related holder)
    Since 6 May 2025
    What they said

    LGVL acquired beneficial ownership of the Common Shares reported on this Statement pursuant to the Separation Transactions, which were completed on May 6, 2025 (see Item 6 of this Statement, which is incorporated herein by reference). In connection with the acquisition of such…

    Read the filing
  • at least 2.4%−2.7 pts
    (filed with 2 related holders)
    Since 31 March 2026
  • The Vanguard Group
    Passive investor
    Sold down below 5%
    Since 13 March 2026

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

In the last 12 months, 1 insider bought $0 of shares on the open market. 4 sold $2m.

  • RACHESKY MARK H MD
    Director
    Sold
    Date
    8 July 2026
    Shares
    42,600,497
    Price
    n/a
    Value
    n/a
  • RACHESKY MARK H MD
    Director
    Bought
    Date
    8 July 2026
    Shares
    42,600,497
    Price
    n/a
    Value
    n/a
  • BURNS MICHAEL RAYMOND
    Vice Chair
    Sold
    Date
    23 December 2025
    Shares
    21,748
    Price
    $9.01
    Value
    $195,949
  • FELTHEIMER JON
    Chief Executive Officer, Director
    Sold
    Date
    22 December 2025
    Shares
    195,000
    Price
    $8.28
    Value
    $2m
  • Goldsmith Brian
    Chief Operating Officer
    Sold
    Date
    18 December 2025
    Shares
    25,000
    Price
    $8.54
    Value
    $213,500

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

None of the warning signs we check for were found.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 27 May 2026, plus the 10-Q filed 6 Aug 2026 and 4 later 8-Ks.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

  • It owes more than it owns on paper (negative equity). Often that's from borrowing to buy back shares.
  • It isn't cheap on profits: 36.4× operating profit.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.