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PodcastOne

PODC on Nasdaq. Market value $65m.

Watch this stockFree. We tell you when something changes.

Should I look at this?

Look carefully before going further

Why it could be worth it

Nothing stands out yet.

What to watch out for

Read the warning sign in its own filings

This is not advice.

Compare with another stock

Who owns it

None of the long-term investors we follow own it. 34 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

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

Big holders and activists

2 investors own more than 5%; 1 of them is pushing for change.

  • LiveOne, Inc.
    Passive investor
    68.8%−2.7 pts
    Since 18 September 2026
    What they said

    All of the Shares (as defined below) reported herein were acquired for investment purposes. The Reporting Person intends to evaluate its investment in the Shares on a continual basis. Other than as expressly set forth below, the Reporting Person has no plans or proposals as of…

    Read the filing
  • Galloway Capital Partners, LLC
    Activist
    Wants the company sold
    at least 3.1%+0.9 pts
    (filed with 1 related holder)
    Since 14 November 2025
    What they said

    Each Reporting Person acquired the securities described in this Schedule 13D for investment purposes and intend to review its investment in the Issuer on a continuing basis. Each Reporting Person may from time to time acquire additional securities of the Issuer or retain or sell…

    Read the filing

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

What insiders did

In the last 12 months, 2 insiders bought $376,317 of shares on the open market.

  • MERRIMAN D JONATHAN
    Director
    Bought
    Date
    30 September 2026
    Shares
    7,000
    Price
    $2.21
    Value
    $15,470
  • MERRIMAN D JONATHAN
    Director
    Bought
    Date
    24 September 2026
    Shares
    11,000
    Price
    $2.21
    Value
    $24,310
  • MERRIMAN D JONATHAN
    Director
    Bought
    Date
    18 September 2026
    Shares
    6,700
    Price
    $2.36
    Value
    $15,812
  • MERRIMAN D JONATHAN
    Director
    Bought
    Date
    16 September 2026
    Shares
    7,700
    Price
    $2.30
    Value
    $17,710
  • MERRIMAN D JONATHAN
    Director
    Bought
    Date
    21 August 2026
    Shares
    15,700
    Price
    $2.75
    Value
    $43,175
  • MERRIMAN D JONATHAN
    Director
    Bought
    Date
    17 August 2026
    Shares
    11,300
    Price
    $2.80
    Value
    $31,640
  • MERRIMAN D JONATHAN
    Director
    Bought
    Date
    14 August 2026
    Shares
    17,000
    Price
    $3.20
    Value
    $54,400
  • MERRIMAN D JONATHAN
    Director
    Bought
    Date
    22 May 2026
    Shares
    7,000
    Price
    $4.38
    Value
    $30,660
  • Carhart Ryan
    See Remarks
    Bought
    Date
    17 April 2026
    Shares
    4,500
    Price
    $2.24
    Value
    $10,080
  • MERRIMAN D JONATHAN
    Director
    Bought
    Date
    17 April 2026
    Shares
    10,200
    Price
    $2.11
    Value
    $21,548

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.

1 serious warning sign in PodcastOne’s filings.

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 29 Jun 2026, plus the 10-Q filed 14 Aug 2026 and 2 later 8-Ks.

  • Doubt it can keep going

    Serious

    The company or its auditor warned it may not have enough money to last the next year.

    “These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern within one year from the date that these financial statements are filed.”
    Show the full paragraph
    The Company’s principal sources of liquidity have historically been its debt issuances and its cash and cash equivalents (which cash and cash equivalents amounted to $ 7.0 million as of June 30, 2026 ). The Company has an accumulated deficit of $ 40.3 million and working capital of $ 1.4 million as of June 30, 2026 . These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern within one year from the date that these financial statements are filed. The Company’s interim unaudited condensed consolidated financial statements do not include any adjustments related to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

    From the 10-Q filed 14 August 2026, Part I, Item 1. Financial Statements. Read it in the filing

  • One big customer

    Worth knowing

    One customer brings in a big share of sales: 45% last year. Losing that customer would hurt.

    “The Company's barter revenue is attributed to one customer and comprised of 45% and 48% of its revenue for the years ended March 31, 2026 and 2025, respectively.”

    From the 10-K filed 29 June 2026, Item 8. Financial Statements and Notes. Read it in the filing

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.

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.