NYSEAMERICAN : TOON
Kartoon Studios Inc. — Financial statements
Communication Services · Entertainment · United States
Last price 0.5126 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 31.89M
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Financial statements
Kartoon Studios Inc. (TOON) reported revenue of 32.63M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 32.63M | 39.35M | 32.59M | 44.09M | 62.30M | 7.87M |
| Cost of Revenue | 22.36M | 26.80M | 23.13M | 33.49M | 42.54M | 3.79M |
| Gross Profit | 10.27M | 12.55M | 9.46M | 10.60M | 19.75M | 4.09M |
| Selling, General & Admin | 22.31M | 24.67M | 26.45M | 37.98M | 43.19M | 41.41M |
| Operating Expenses | 22.31M | 24.67M | 26.45M | 37.98M | 43.19M | 41.41M |
| Operating Income | -12.04M | -12.12M | -17.00M | -27.38M | -23.43M | -37.32M |
| Interest Expense | -791.00K | -678.00K | -866.00K | -3.31M | -2.44M | -20.00K |
| Interest & Investment Income | 92.00K | 76.00K | 768.00K | 622.00K | 1.01M | 559.00K |
| Currency Exchange Gain (Loss) | -851.00K | 2.31M | -2.14M | 641.00K | -2.16M | -26.00K |
| Other Non Operating Income (Expenses) | -2.50M | -257.00K | 486.00K | -413.00K | 563.00K | -68.80M |
| EBT Excluding Unusual Items | -16.09M | -10.67M | -18.75M | -29.84M | -26.46M | -105.61M |
| Merger & Restructuring Charges | -4.50M | |||||
| Impairment of Goodwill | -33.53M | -4.86M | -4.78M | |||
| Gain (Loss) on Sale of Investments | -7.65M | -11.62M | -2.24M | -2.18M | 979.00K | -176.00K |
| Asset Writedown | -795.00K | -795.00K | -11.46M | -10.93M | -21.65M | |
| Other Unusual Items | -1.56M | -1.75M | -1.16M | 1.34M | 5.85M | |
| Pretax Income | 9.14M | -24.83M | -20.98M | -78.17M | -44.42M | -126.37M |
| Income Tax Expense | 438.00K | -135.00K | -43.00K | -973.00K | 105.00K | |
| Earnings From Continuing Operations | 8.70M | -24.70M | -20.94M | -77.20M | -44.53M | -126.37M |
| Minority Interest in Earnings | 73.00K | 166.00K | 202.00K | 99.00K | -1.07M | 76.00K |
| Net Income | 8.78M | -24.53M | -20.74M | -77.10M | -45.59M | -126.29M |
| Net Income to Common | 8.78M | -24.53M | -20.74M | -77.10M | -45.59M | -126.29M |
| Shares Outstanding (Basic) | 58.83M | 50.23M | 38.41M | 33.67M | 31.39M | 29.75M |
| Shares Outstanding (Diluted) | 60.69M | 50.23M | 38.41M | 33.67M | 31.39M | 29.75M |
| EPS (Basic) | 0.15 | -0.49 | -0.54 | -2.29 | -1.45 | -4.24 |
| EPS (Diluted) | 0.14 | -0.49 | -0.54 | -2.29 | -1.45 | -4.24 |
| Free Cash Flow | 26.17M | -11.56M | -3.61M | -16.16M | -26.52M | -24.12M |
| Free Cash Flow Per Share | 0.43 | -0.23 | -0.09 | -0.48 | -0.84 | -0.81 |
| Gross Margin | 31.48% | 31.90% | 29.02% | 24.04% | 31.71% | 51.90% |
| Operating Margin | -36.90% | -30.80% | -52.15% | -62.10% | -37.61% | -474.06% |
| Profit Margin | 26.90% | -62.34% | -63.63% | -174.90% | -73.19% | -1,604.10% |
| Free Cash Flow Margin | 80.20% | -29.37% | -11.06% | -36.67% | -42.56% | -306.38% |
| EBITDA | -9.39M | -9.54M | -14.59M | -24.83M | -20.72M | -36.72M |
| EBITDA Margin | -28.77% | -24.23% | -44.76% | -56.32% | -33.26% | |
| D&A For EBITDA | 2.65M | 2.58M | 2.41M | 2.55M | 2.71M | 599.00K |
| EBIT | -12.04M | -12.12M | -17.00M | -27.38M | -23.43M | -37.32M |
| EBIT Margin | -36.90% | -30.80% | -52.15% | -62.10% | -37.61% | |
| Revenue as Reported | 32.63M | 39.35M | 32.59M | 44.09M | 62.30M | 7.87M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 7.74M | 2.94M | 7.88M | 3.59M | 7.43M | 2.06M |
| Short-Term Investments | 32.76M | 3.98M | 2.03M | 11.95M | 83.71M | 112.52M |
| Cash & Short-Term Investments | 40.51M | 6.92M | 9.91M | 15.54M | 91.14M | 114.58M |
| Accounts Receivable | 2.06M | 9.63M | 11.98M | 18.07M | 15.56M | 7.63M |
| Other Receivables | 18.84M | 18.37M | 11.66M | 20.82M | 27.42M | 969.00K |
| Receivables | 20.90M | 28.00M | 23.64M | 38.89M | 45.82M | 9.88M |
| Prepaid Expenses | 1.64M | 841.00K | 606.00K | 740.00K | 2.57M | 3.73M |
| Restricted Cash | 506.00K | 501.00K | 8.00M | |||
| Total Current Assets | 63.05M | 35.77M | 34.66M | 55.67M | 139.53M | 136.19M |
| Property, Plant & Equipment | 6.05M | 7.06M | 8.18M | 10.82M | 13.24M | 3.23M |
| Long-Term Investments | 1.86M | 5.48M | 16.43M | 19.09M | 16.25M | 6.70M |
| Goodwill | 33.47M | 15.23M | ||||
| Other Intangible Assets | 16.18M | 17.60M | 19.72M | 22.99M | 29.17M | 9.73M |
| Other Long-Term Assets | 7.40M | 5.00M | 5.12M | 1.42M | 7.93M | 3.01M |
| Total Assets | 94.53M | 70.91M | 85.47M | 111.44M | 239.59M | 174.08M |
| Accounts Payable | 5.67M | 12.12M | 11.95M | 16.86M | 11.44M | 7.19M |
| Accrued Expenses | 3.17M | 2.12M | 1.63M | 2.62M | 3.38M | 1.40M |
| Short-Term Debt | 12.93M | 11.82M | 10.12M | 19.02M | 80.83M | 6.39M |
| Current Portion of Leases | 1.20M | 1.23M | 1.25M | 2.03M | 2.42M | 664.00K |
| Current Unearned Revenue | 2.73M | 4.39M | 6.00M | 3.13M | 9.06M | 432.00K |
| Other Current Liabilities | 5.91M | 1.77M | 2.49M | 1.98M | 3.77M | 5.05M |
| Total Current Liabilities | 31.60M | 33.45M | 33.44M | 45.64M | 110.91M | 21.13M |
| Long-Term Debt | 776.00K | 689.00K | ||||
| Long-Term Leases | 3.92M | 4.63M | 5.41M | 7.66M | 9.12M | 2.46M |
| Long-Term Unearned Revenue | 3.42M | 3.37M | 3.37M | 3.46M | 3.37M | 3.49M |
| Long-Term Deferred Tax Liabilities | 1.18M | 1.23M | 1.30M | 1.40M | 2.37M | |
| Other Long-Term Liabilities | 22.00K | 8.00K | 5.48M | 14.00K | 952.00K | 2.35M |
| Total Liabilities | 40.91M | 43.37M | 49.01M | 58.17M | 126.72M | 29.43M |
| Common Stock | 62.00K | 55.00K | 45.00K | 352.00K | 319.00K | 303.00K |
| Additional Paid-In Capital | 799.30M | 793.81M | 777.93M | 773.99M | 762.42M | 739.50M |
| Retained Earnings | -743.20M | -763.82M | -739.28M | -718.55M | -641.44M | -595.85M |
| Treasury Stock | -604.00K | -604.00K | -340.00K | -339.00K | -290.00K | |
| Comprehensive Income & Other | -3.19M | -3.24M | -3.38M | -3.88M | -9.93M | -1.22M |
| Total Common Equity | 52.38M | 26.21M | 34.97M | 51.57M | 111.08M | 142.73M |
| Minority Interest | 1.25M | 1.32M | 1.49M | 1.69M | 1.79M | 1.92M |
| Shareholders' Equity | 53.62M | 27.53M | 36.46M | 53.26M | 112.87M | 144.65M |
| Total Liabilities & Equity | 94.53M | 70.91M | 85.47M | 111.44M | 239.59M | 174.08M |
| Total Debt | 18.82M | 18.37M | 16.78M | 28.71M | 92.37M | 9.52M |
| Net Cash (Debt) | 21.69M | -11.45M | -6.88M | -13.17M | -1.24M | 105.06M |
| Net Cash Per Share | 0.36 | -0.23 | -0.18 | -0.39 | -0.04 | 3.53 |
| Filing Date Shares Outstanding | 62.20M | 56.34M | 47.71M | 35.29M | 32.02M | 30.44M |
| Total Common Shares Outstanding | 62.20M | 54.86M | 46.21M | 35.25M | 31.88M | 30.34M |
| Working Capital | 31.45M | 2.31M | 1.22M | 10.03M | 28.62M | 115.05M |
| Book Value Per Share | 0.84 | 0.48 | 0.76 | 1.46 | 3.48 | 4.70 |
| Tangible Book Value | 36.20M | 8.61M | 15.25M | 28.58M | 48.44M | 117.77M |
| Tangible Book Value Per Share | 0.58 | 0.16 | 0.33 | 0.81 | 1.52 | 3.88 |
| Machinery | 950.00K | 925.00K | 934.00K | 336.00K | 562.00K | 377.00K |
| Leasehold Improvements | 2.23M | 2.23M | 2.20M | 2.07M | 2.10M | 44.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 8.78M | -24.53M | -20.74M | -77.10M | -45.59M | -126.29M |
| Depreciation & Amortization | 3.76M | 3.68M | 4.14M | 5.33M | 4.74M | 897.00K |
| Other Amortization | 1.35M | 904.00K | 231.00K | 625.00K | 6.18M | 1.34M |
| Asset Writedown & Restructuring Costs | 795.00K | 795.00K | 44.99M | 15.79M | 26.43M | |
| Loss (Gain) From Sale of Investments | 7.41M | 11.39M | 2.31M | 2.57M | 76.00K | 835.00K |
| Stock-Based Compensation | 2.85M | 602.00K | 1.00M | 4.97M | 11.21M | 16.49M |
| Provision & Write-off of Bad Debts | 98.00K | 135.00K | 232.00K | 401.00K | 337.00K | 22.00K |
| Other Operating Activities | 7.26M | 298.00K | 1.76M | 304.00K | 522.00K | 62.85M |
| Change in Accounts Receivable | 4.59M | 2.10M | 5.91M | -2.57M | 1.68M | 228.00K |
| Change in Accounts Payable | 1.11M | 2.32M | -4.90M | 5.35M | 2.75M | -169.00K |
| Change in Unearned Revenue | -3.58M | -1.89M | 3.11M | -5.94M | -8.31M | -509.00K |
| Change in Other Net Operating Assets | -5.28M | -4.82M | -3.46M | -838.00K | -11.14M | -5.94M |
| Operating Cash Flow | 26.32M | -11.41M | -3.49M | -16.09M | -25.92M | -23.82M |
| Capital Expenditures | -146.00K | -151.00K | -117.00K | -72.00K | -592.00K | -302.00K |
| Cash Acquisitions | -41.20M | -7.79M | ||||
| Sale (Purchase) of Intangibles | -22.00K | -1.01M | ||||
| Investment in Securities | -32.01M | -1.88M | 10.05M | 72.60M | 12.45M | -118.36M |
| Other Investing Activities | 400.00K | 400.00K | 83.00K | 1.33M | -1.57M | -1.28M |
| Investing Cash Flow | -31.76M | -1.63M | 10.01M | 73.86M | -30.94M | -128.73M |
| Short-Term Debt Issued | 16.17M | 19.87M | 35.21M | 80.41M | 6.39M | |
| Long-Term Debt Issued | 484.00K | |||||
| Total Debt Issued | 13.60M | 16.65M | 19.87M | 35.21M | 80.41M | 6.39M |
| Short-Term Debt Repaid | -15.39M | -28.47M | -98.84M | -22.86M | -1.47M | |
| Long-Term Debt Repaid | -393.00K | -1.66M | -2.16M | -1.31M | -20.00K | |
| Total Debt Repaid | -11.39M | -15.79M | -30.13M | -101.00M | -24.17M | -1.49M |
| Net Debt Issued (Repaid) | 2.21M | 862.00K | -10.26M | -65.78M | 56.24M | 4.91M |
| Issuance of Common Stock | 7.62M | 7.05M | 7.52M | 5.30M | 57.27M | |
| Repurchase of Common Stock | -1.00K | -1.00K | -1.00K | -49.00K | -290.00K | |
| Other Financing Activities | 266.00K | 239.00K | -392.00K | -268.00K | -1.50M | |
| Financing Cash Flow | 10.09M | 8.15M | -3.13M | -60.80M | 54.44M | 62.17M |
| Foreign Exchange Rate Adjustments | 525.00K | -551.00K | 898.00K | -301.00K | -212.00K | -16.00K |
| Net Cash Flow | 5.17M | -5.44M | 4.29M | -3.34M | -2.63M | -90.40M |
| Free Cash Flow | 26.17M | -11.56M | -3.61M | -16.16M | -26.52M | -24.12M |
| Free Cash Flow Margin | 80.20% | -29.37% | -11.06% | -36.67% | -42.56% | -306.38% |
| Free Cash Flow Per Share | 0.43 | -0.23 | -0.09 | -0.48 | -0.84 | -0.81 |
| Levered Free Cash Flow | 23.77M | 15.94M | 6.99M | -3.10M | -7.87M | -12.01M |
| Unlevered Free Cash Flow | 24.26M | 16.37M | 7.53M | -1.03M | -6.34M | -11.99M |
| Cash Interest Paid | 36.00K | 40.00K | 129.00K | 1.82M | 252.00K | 19.00K |
| Cash Income Tax Paid | 64.00K | 19.00K | ||||
| Change in Working Capital | -5.99M | -4.68M | 7.57M | 1.81M | -19.18M | -6.39M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 32.41M | 38.81M | 25.92M | 48.85M | 148.20M | 316.02M |
| Enterprise Value | 10.72M | 58.56M | 37.28M | 66.35M | 148.33M | 188.42M |
| Last Close Price | 0.51 | 0.72 | 0.59 | 1.39 | 4.65 | 10.50 |
| Forward PE | 6.72 | 6.72 | 6.72 | 6.72 | 6.72 | |
| PS Ratio | 1.00 | 0.99 | 0.80 | 1.11 | 2.38 | 40.14 |
| PB Ratio | 0.61 | 1.41 | 0.71 | 0.92 | 1.31 | 2.19 |
| P/TBV Ratio | 0.90 | 4.51 | 1.70 | 1.71 | 3.06 | 2.68 |
| EV/Sales Ratio | 0.34 | 1.49 | 1.14 | 1.50 | 2.38 | 23.93 |
| Debt / Equity Ratio | 0.35 | 0.67 | 0.46 | 0.54 | 0.82 | 0.07 |
| Debt / FCF Ratio | 0.72 | |||||
| Net Debt / Equity Ratio | -0.40 | 0.42 | 0.19 | 0.25 | 0.01 | -0.73 |
| Net Debt / EBITDA Ratio | 2.31 | -1.20 | -0.47 | -0.53 | -0.06 | 2.86 |
| Net Debt / FCF Ratio | -0.83 | -0.99 | -1.91 | -0.81 | -0.05 | 4.36 |
| Asset Turnover | 0.40 | 0.50 | 0.33 | 0.25 | 0.30 | 0.05 |
| Quick Ratio | 1.94 | 1.04 | 1.00 | 1.19 | 1.21 | 5.83 |
| Current Ratio | 2.00 | 1.07 | 1.04 | 1.22 | 1.26 | 6.45 |
| Return on Equity (ROE) | 20.90% | -77.19% | -46.68% | -92.94% | -34.58% | -95.79% |
| Return on Assets (ROA) | -9.15% | -9.69% | -10.79% | -9.75% | -7.08% | -15.13% |
| Return on Capital Employed (ROCE) | -19.10% | -32.40% | -32.70% | -41.60% | -18.20% | -24.40% |
| Earnings Yield | 27.20% | -63.22% | -80.00% | -157.85% | -30.77% | -39.96% |
| FCF Yield | 80.05% | -29.78% | -13.91% | -33.09% | -17.89% | -7.63% |
| Buyback Yield / Dilution | -39.15% | -30.76% | -14.08% | -7.28% | -5.50% | -108.85% |