Kartoon Studios, Inc. (TOON) Financial Statements
Industry: Motion Picture & Video Tape Production (Services)
In fiscal 2025, Kartoon Studios reported revenue of $39.4M, up 20.7% from $32.6M the year before. Net income was -$24.5M (a -62.3% net margin), or -$0.49 per diluted share. Gross margin was 99.5% and operating margin was -32.8%. Operating activities generated -$11.4M of cash, leaving -$11.6M of free cash flow. At fiscal year end, Kartoon Studios held $70.9M in total assets against $43.4M in total liabilities.
Open the full interactive Kartoon Studios financials → Quarterly statements, key ratios, valuation history and price charts.
Kartoon Studios Key Stats
| Share Price | $0.56 |
|---|---|
| Market Cap | $39.7M |
| Revenue YoY Growth | +20.8% |
| 52-Week Range | $0.53 – $1.25 |
| Shares Outstanding | 66.2 million (basic, 2026 Q2) |
Kartoon Studios Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $2.5M | $7.9M | $62.3M | $44.1M | $32.6M | $39.4M |
| Cost of Goods Sold | — | — | — | — | — | $179,000 |
| Gross Profit | — | — | — | — | — | $39.2M |
| Operating Income | -$17.9M | -$63.8M | -$43.7M | -$72.4M | -$17.0M | -$12.9M |
| Pre-Tax Income | -$401.7M | -$126.4M | -$44.4M | -$78.2M | -$21.0M | -$24.8M |
| Income Tax | $0 | $0 | $105,000 | -$973,000 | -$43,000 | -$135,000 |
| Net Income | -$401.7M | -$126.4M | -$45.6M | -$77.1M | -$20.7M | -$24.5M |
| Diluted EPS | -$28.20 | — | -$1.45 | -$2.29 | -$0.54 | -$0.49 |
Kartoon Studios Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $9.9M | $9.7M | $7.2M | $5.8M |
| Net Income | -$6.6M | -$5.3M | -$6.4M | $27.0M |
| Diluted EPS | -$0.14 | -$0.10 | -$0.10 | $0.38 |
Kartoon Studios Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $100.5M | $2.1M | $7.4M | — | — | — |
| Current Assets | $108.6M | $136.2M | $139.5M | $57.1M | $34.7M | $35.8M |
| Total Assets | $134.2M | $174.1M | $237.9M | $111.4M | $85.5M | $70.9M |
| Current Liabilities | $7.2M | $21.1M | $110.9M | $45.6M | $33.4M | $33.5M |
| Total Long-Term Debt | $1.1M | $82,000 | — | $4.2M | — | — |
| Total Liabilities | $15.0M | $29.4M | $125.0M | $58.2M | $49.0M | $43.4M |
| Shareholders' Equity | $119.2M | $142.7M | $111.1M | $51.6M | $35.0M | $26.2M |
Kartoon Studios Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$7.8M | -$23.7M | -$23.7M | -$16.1M | -$3.5M | -$11.4M |
| Cash From Investing | -$1.4M | -$127.5M | -$30.9M | $73.9M | $10.0M | -$1.6M |
| Cash From Financing | $109.4M | $60.8M | $52.2M | -$60.8M | -$3.1M | $8.1M |
| Free Cash Flow | -$7.9M | -$24.0M | -$24.3M | -$16.2M | -$3.6M | -$11.6M |
Figures from Kartoon Studios' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Kartoon Studios financials page for every line item.
Kartoon Studios Company Profile
| Ticker | TOON |
|---|---|
| Exchange | NYSE |
| Industry | Motion Picture & Video Tape Production (Services) |
| Headquarters | Beverly Hills, California |
| Incorporated in | Nevada |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001355848 |
Frequently Asked Questions
What was Kartoon Studios' revenue in fiscal 2025?
Kartoon Studios (TOON) reported revenue of $39.4M for fiscal 2025.
What is Kartoon Studios' annual revenue history?
Kartoon Studios' annual revenue by fiscal year: 2020: $2.5M; 2021: $7.9M; 2022: $62.3M; 2023: $44.1M; 2024: $32.6M; 2025: $39.4M.
What was Kartoon Studios' net income in fiscal 2025?
Kartoon Studios reported net income of -$24.5M for fiscal 2025.
What was Kartoon Studios' earnings per share (EPS) in fiscal 2025?
Kartoon Studios' diluted EPS was -$0.49 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Kartoon Studios generate in fiscal 2025?
Kartoon Studios generated -$11.6M of free cash flow in fiscal 2025.
What was Kartoon Studios' revenue last quarter?
In its most recent reported quarter (2026 Q2), Kartoon Studios reported revenue of $5.8M.
How many shares of Kartoon Studios are outstanding?
Kartoon Studios reported a weighted average of 66.2 million basic shares outstanding in 2026 Q2.
What is Kartoon Studios' market cap?
Based on its latest closing price, Kartoon Studios (TOON) has a market capitalization of about $39.7M.
When does Kartoon Studios' fiscal year end?
Kartoon Studios' fiscal year end, as registered with the SEC, is December 31.
Where is Kartoon Studios headquartered?
Kartoon Studios lists its business address in Beverly Hills, California in its SEC filings.