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PAVS on Nasdaq

Paranovus Entertainment Technology Ltd.

Paranovus Entertainment Technology Ltd. is a computer processing and data preparation services company.2 It is headquartered in New York, United States.2 Its shares trade on Nasdaq under the symbol PAVS.2

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Last updated Oct 21, 2026.

Overview

$14.6MRevenue, fiscal 20263
-$12.7MNet income, fiscal 20263

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  • TickerPAVS on Nasdaq2
  • IndustryServices-Computer Processing & Data Preparation2
  • HeadquartersNew York, United States2
  • Incorporated inCayman Islands4
  • Business address1177 6Th Avenue, 5Th Floor, New York, Ny 100364
  • Filer categoryNon-accelerated filer4
  • Legal formcompany limited by shares2
  • LEI549300GBRO0XJ6KQYM112
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O Ascentium (Cayman ) Limited, KY1-1002 George Town, Cayman Islands2
  • Registered withGeneral Registry, 12923842

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Our registered office is at Harnes Fiduciary (Cayman) Limited, with its offices located at 4 th Floor, Harbour Place, 103 South Church Street, P.O. Box 10240, Grand Cayman, KY1-1002M Cayman Islands. Our principal executive offices are located at 1177 6th avenue, floor 5, New York, NY 10036. Our telephone number at that address is + 1-516-951-9074. Our company website is https://pavs.ai.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

16.5%Gross margin3
-100.4%Operating margin3
-87.2%Net margin3
20310.9%Revenue growth, 20263
-40.8%Return on equity3
-$1.4MFree cash flow3

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Offline product sales brought in 63% of the revenue Paranovus Entertainment Technology Ltd. broke down this way in fiscal 2026.

  1. Offline product sales$9.2M363%
  2. Online store sales$2.7M319%
  3. Service Revenue$2.6M318%up 3563% from 2025
Products and services by year
Products and services202420252026
Offline product sales$0$0$9.2M
Online store sales$0$0$2.7M
Service Revenue$0$71.5K$2.6M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue83¢$12.2M
  • Other costs6¢$913.3K
  • Interest2¢$262.5K
  • Income tax8¢$1.2M

Out of $14.6M in revenue.3 The company lost money this year.

Financial statements

Revenue6789103$14.6M in 2026−77% since 2019
0$20.0M$40.0M$60.0M$80.0M2019: $63.9M$63.9M20192020: $65.1M$65.1M2020+2%2021: $71.5M$71.5M2021+10%2022: $20.8M$20.8M2022−71%2023: $0$020232024: $0$020242025: $71.5K$71.5K20252026: $14.6M$14.6M2026+20311%
Gross profit6789103$2.4M in 2026−93% since 2019
0$10.0M$20.0M$30.0M$40.0M2019: $32.2M$32.2M20192020: $30.4M$30.4M2020−6%2021: $18.2M$18.2M2021−40%2022: $257.3K$257.3K2022−99%2023: $0$020232024: $0$020242025: $9.0K$9.0K20252026: $2.4M$2.4M2026+26682%
Operating income6789103-$14.7M in 2026
-$20.0M-$10.0M0$10.0M$20.0M$30.0M2019: $21.8M$21.8M20192020: $15.4M$15.4M2020−30%2021: $1.5M$1.5M2021−90%2022: -$11.2M-$11.2M20222023: -$4.0M-$4.0M2023−64%2024: -$4.3M-$4.3M2024+7%2025: -$6.8M-$6.8M2025+59%2026: -$14.7M-$14.7M2026+116%
Net income11789103-$12.7M in 2026
-$75.0M-$50.0M-$25.0M0$25.0M2019: $18.7M$18.7M20192020: $12.7M$12.7M2020−32%2021: $786.4K$786.4K2021−94%2022: -$48.8M-$48.8M20222023: -$71.7M-$71.7M2023+47%2024: -$10.1M-$10.1M2024−86%2025: -$7.9M-$7.9M2025−22%2026: -$12.7M-$12.7M2026+61%

Every line of the income statement as filed: the last 3 fiscal years, latest first.3

Period ending2026-03-312025-03-312024-03-31
Revenues$14.6M$71.5K$0
Cost of revenues-$12.2M-$62.5K$0
Gross profit$2.4M$9.0K$0
Selling and marketing-$883.9K-$1.4K-$94
General and administrative-$4.9M-$2.3M-$2.5M
Goodwill impairment-$6.6M-$3.4M-$1.8M
Asset impairment-$4.7M-$1.1M$0
Total operating expenses-$17.1M-$6.8M-$4.3M
Operating loss-$14.7M-$6.8M-$4.3M
Interest income$216.8K$156$0
Interest expense-$262.5K-$261.9K-$39.2K
Other income, net$233.6K$42.6K$19.9K
Total other income (expenses), net$187.9K-$219.1K-$19.3K
Loss from continuing operations before income taxes-$14.5M-$7.0M-$4.3M
Income tax expenses-$1.2M$0$0
Net loss from continuing operations-$15.7M-$7.0M-$4.3M
Net loss from discontinued operations before tax$0-$935.6K-$13.2M
(Loss) Gain on disposal of discontinued operations$0-$367.2K$7.5M
Net loss from discontinued operations.$0-$1.3M-$5.6M
Net loss-$15.7M-$8.3M-$9.9M
Less: Net (loss) income attributable to noncontrolling interest-$3.0M-$412.2K$198.9K
Net loss attributable to Paranovus Entertainment Technology Ltd.-$12.7M-$7.9M-$10.1M
Foreign currency translation adjustments-$136.6K-$18.3K$3.2M
Comprehensive loss-$15.9M-$8.3M-$6.7M
Less: comprehensive (loss) income attributable to non-controlling interests:-$3.0M-$412.2K$275.0K
Comprehensive loss attributable to the Company-$12.9M-$7.9M-$7.0M
Continuing operations basic and diluted-$8.5K-$9.9K-$113.8K
Discontinued operations basic and diluted$0-$1.3K-$143.0K
Total basic and diluted-$8,485.00-$11,208.00-$256,753.00
Basic and diluted1.5K shares704 shares39 shares

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Corporate structure

Paranovus Entertainment Technology Ltd. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Paranovus Entertainment Technology Ltd.

  • Paranovus Entertainment Technology Ltd. New York, New York, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Paranovus Entertainment Technology Ltd. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$121.9K3 Mar 31, 2026$24.9K3 Mar 31, 2025+390.4%
Property and equipment, net$105.2K3 Mar 31, 2026$24.9K3 Mar 31, 2025+323.4%
Operating-lease assets (leased space)$234.8K3 Mar 31, 2026$101.6K3 Mar 31, 2025+131.1%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$10.3M3 Mar 31, 2026$261.4K3 Mar 31, 2025+3840.1%
Marketable securities, current$5.0M3 Mar 31, 2026$4.8M3 Mar 31, 2025+4.1%
Deposits held (banks)$50.0K3 Mar 31, 2026$50.0K3 Mar 31, 20250%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$10.9M3 Mar 31, 2026$17.5M3 Mar 31, 2025−37.5%
Intangible assets, net (excluding goodwill)$5.4M3 Mar 31, 2026$10.8M3 Mar 31, 2025−50.0%
Finite-lived intangibles, gross$12.7M3 Mar 31, 2026$12.7M3 Mar 31, 20250%
Accumulated amortization-$2.9M3 Mar 31, 2026-$791.7K3 Mar 31, 2025−271.6%
Finite-lived intangibles, net$5.4M3 Mar 31, 2026$10.8M3 Mar 31, 2025−50.0%

Inventory

ItemLatestA year beforeChange
Inventory, total$118.8K3 Mar 31, 2026$653.3K3 Mar 31, 2025−81.8%

Leadership

Who has led Paranovus Entertainment Technology Ltd., and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Ling Guo2026–now
  • Chief financial officerLing Guo Mar 20, 2026 to now12
Board members and other officers (2)

Former names

  • Happiness Development Group LtdNov 30, 2021 to Feb 27, 20234
  • Happiness Biotech Group LtdSep 4, 2018 to Oct 29, 20214

Timeline

  1. Feb 9, 2018Founded Paranovus Entertainment Technology Ltd. is founded2

Filings

127 filings to the SEC since October 2021: 9 annual reports, 6 insider forms, 14 large holders, 98 other. The latest 20:

  1. Aug 14, 202620-F EDGAR
  2. Aug 5, 20266-K EDGAR
  3. Jul 31, 2026NT 20-F EDGAR
  4. Jul 6, 20266-K EDGAR
  5. Jun 16, 20266-K EDGAR
  6. Jun 16, 2026424B5 EDGAR
  7. Jun 15, 20266-K EDGAR
  8. Jun 9, 20266-K EDGAR
  9. Jun 9, 2026424B5 EDGAR
  10. May 12, 20266-K EDGAR
  11. Apr 29, 20266-K EDGAR
  12. Apr 13, 20266-K EDGAR
  13. Apr 6, 20263 EDGAR
  14. Apr 2, 20266-K EDGAR
  15. Mar 26, 20266-K EDGAR
  16. Mar 25, 2026424B5 EDGAR
  17. Mar 23, 20266-K EDGAR
  18. Mar 20, 20263 EDGAR
  19. Mar 20, 20263 EDGAR
  20. Mar 18, 20263 EDGAR

The 127 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Paranovus Entertainment Technology Ltd. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARParanovus Entertainment Technology Ltd.1
  • CIK0001751876
  • Filer statusNon-accelerated filer not an emerging growth company; not a shell company5
  • Incorporated inCayman Islands5
  • Fiscal year endsMarch 311
  • Industry code (SIC)7374 Services-Computer Processing & Data Preparation1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business address1177 6Th Avenue, 5Th Floor, New York, NY 100361
  • Phone91762441251
  • Shares outstanding78,732 shares as of Mar 31, 20265
  • AuditorEnrome LLP, Singapore PCAOB ID 6907; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceSep 4, 20181
  • Filings196 in all: 6-K (78), SC 13G (14), UPLOAD (13), CORRESP (12), 20-F (8), F-1/A (8), 424B5 (7), EFFECT (7)1
    All 28 form types

    3 (6), 20-F/A (5), 6-K/A (5), FWP (5), F-3 (4), NT 20-F (4), DRS/A (3), DRSLTR (3), POS AM (2), S-8 (2), 424B1 (1), 424B4 (1), 424B7 (1), 8-A12B (1), CERT (1), DRS (1), F-1 (1), SC 13D (1), SC 13D/A (1), SC 13G/A (1)

  • Latest filingsAnnual report (20-F) Aug 14, 2026

Securities registered for trading

ClassSymbolExchange
Class A ordinary shares, par value US$0.0012 per sharePAVSNASDAQ

From the cover page of the 20-F filed Aug 14, 2026 (Section 12(b) of the Exchange Act).5

Sources

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