DON'T NOD Faces Audit Warning of Cash Depletion by November 2026
French game studio DON'T NOD, known for the Life is Strange series, has received a special audit warning that its cash reserves could run out by November 2026 without additional funding. The warning, issued by the company's audit firm under French commercial law, was triggered by the studio's financial report published in April 2026. As of April 7, the company held approximately €8.8 million in cash. Despite revenue from the April 2026 release Aphelion and cost-cutting measures, management projects depletion within months. The studio has been in talks with several major game companies for months but has not secured a concrete fundraising proposal. Major shareholder Tencent, which holds about 41.9% of shares, informed DON'T NOD it has no plans for short-term capital increases or development funding. The studio has recorded losses for three consecutive years from 2023 to 2025, with a net loss of about €35.66 million in fiscal 2025 despite improved sales from Lost Records: Bloom & Rage. Management is considering accelerating the release of the in-development title P14 to within 2027, scaling back its scope, and establishing a work-for-hire team, but the auditor deemed these measures insufficient. A general shareholders' meeting is scheduled for June 17 to vote on resolutions regarding the company's management.