T
Kartoon Studios, Inc.
TOONCIK 0001355848NYSENon-AcceleratedSmaller ReportingServices-Motion Picture & Video Tape ProductionNevadaFY ends Dec 31
Period
FY 2025
Revenue
$39.35M
Net Income
$-24.53M
Total Assets
$70.91M
Equity
$26.21M
Shares Out
59.14M
Op. Cash Flow
$-11.41M
Business
Kartoon Studios, Inc. is a global content and brand management company focused on creating, producing, licensing, and distributing multimedia animated content for children. The company operates through animation production services (via Mainframe Studios), content licensing and distribution across multiple platforms (Kartoon Channel!, Ameba TV, Channel Frederator Network), consumer product licensing, and media advisory services (Beacon Media Group). Core segments include owned IP development, third-party production-for-hire, creator network management, subscription and ad-supported streaming platforms, and specialized media agency services targeting toy, gaming, and consumer products brands.
Summary from 10-K filed 2026-03-31
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total Revenues | 39 | 33 | 44 | 62 | 8 | |
| Marketing and Sales | 681,000 | 1 | 3 | 2 | 5 | |
| Direct Operating Costs | 27 | 23 | 40 | 49 | 22 | |
| General and Administrative | 24 | 25 | 35 | 46 | 36 | |
| Impairment of Intangible Assets | 767,000 | 0 | 4 | 4 | 3 | |
| Total Operating Expenses | 52 | 50 | 116 | 106 | 72 | |
| Loss from Operations | −13 | −17 | −72 | −44 | −64 | |
| Interest Expense | −656,000 | −779,000 | −3 | −2 | −20,000 | |
| Other Expense | −11 | −3 | — | — | — | |
| Loss Before Income Tax Benefit | −25 | −21 | −78 | −44 | −126 | |
| Income Tax Benefit | 135,000 | 43,000 | 973,000 | −105,000 | 0 | |
| Net Loss | −25 | −21 | −77 | −45 | −126 | |
| Net Loss Attributable to Non-Controlling Interests | 166,000 | 202,000 | 99,000 | −1 | 76,000 | |
| Net Loss Attributable to Kartoon Studios, Inc. | −25 | −21 | −77 | −46 | −126 | |
| Net Loss per Share - Basic | −0.49 | −0.54 | −2.29 | −1.45 | −4.24 | |
| Net Loss per Share - Diluted | −0.49 | −0.54 | −2.29 | −1.45 | −4.24 | |
| Weighted Average Shares Outstanding - Basic | 50 | 38 | 34 | 31 | 30 | |
| Weighted Average Shares Outstanding - Diluted | 50 | 38 | 34 | 31 | 30 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2023 2023-09-30 | FY 2023 2023-06-30 |
|---|---|---|---|---|---|---|
| Cash | 3 | 8 | 4 | — | — | |
| Restricted Cash | 0 | 506,000 | 501,000 | — | — | |
| Investments in Marketable Securities (amortized cost of $3,953 and $2,116, respectively) | 4 | 2 | — | — | — | |
| Accounts Receivable (net of allowance of $3 and $239, respectively) | 10 | 12 | 18 | — | — | |
| Tax Credits Receivable (net of allowance of $423 and $187, respectively) | 17 | 10 | 21 | — | — | |
| Other Receivable | 2 | 1 | 103,000 | — | — | |
| Prepaid Expenses and Other Assets | 841,000 | 606,000 | 740,000 | — | — | |
| Total Current Assets | 36 | 35 | 56 | — | — | |
| Property and Equipment, net | 2 | 2 | 2 | — | — | |
| Operating Lease Right-of-Use Assets, net | 5 | 6 | 7 | — | — | |
| Finance Lease Right-of-Use Assets, net | 312,000 | 278,000 | 2 | — | — | |
| Notes and Accounts Receivable from Related Party | 0 | 1 | — | — | — | |
| Film and Television Costs, net | 5 | 3 | — | — | — | |
| Tax Credits Receivable (net of allowance of $0 and $421, respectively) | 0 | 2 | — | — | — | |
| Investment in Your Family Entertainment AG | 5 | 16 | 19 | — | — | |
| Intangible Assets, net | 18 | 20 | 23 | — | — | |
| Other Assets | 118,000 | 117,000 | 125,000 | — | — | |
| Total Assets | 71 | 85 | 111 | 138 | 180 | |
| Accounts Payable | 12 | 12 | 17 | — | — | |
| Participations Payable | 1 | 1 | — | — | — | |
| Accrued Expenses | 744,000 | 405,000 | 691,000 | — | — | |
| Accrued Salaries and Wages | 1 | 1 | 2 | — | — | |
| Deferred Revenue | 4 | 6 | 3 | — | — | |
| Margin Loan | 0 | 900,000 | 782,000 | — | — | |
| Production Facilities, net | 12 | 9 | 2 | — | — | |
| Current Portion of Operating Lease Liabilities | 1 | 1 | 908,000 | — | — | |
| Current Portion of Finance Lease Liabilities | 156,000 | 249,000 | 1 | — | — | |
| Due to Related Party | 5,000 | 8,000 | 3,000 | — | — | |
| Other Current Liabilities | 750,000 | 1 | 0 | — | — | |
| Total Current Liabilities | 33 | 33 | 46 | — | — | |
| Deferred Revenue | 3 | 3 | 3 | — | — | |
| Operating Lease Liabilities, Net Current Portion | 4 | 5 | 7 | — | — | |
| Finance Lease Liabilities, Net Current Portion | 144,000 | 54,000 | 928,000 | — | — | |
| Deferred Tax Liability, net | 1 | 1 | 1 | 1 | 1 | |
| Factoring Liability | 689,000 | 0 | — | — | — | |
| Warrant Liability | 0 | 5 | — | — | — | |
| Other Noncurrent Liabilities | 8,000 | 5,000 | 14,000 | — | — | |
| Total Liabilities | 43 | 49 | 58 | 64 | 92 | |
| Commitments and Contingencies (Note 19) | — | — | — | — | — | |
| Preferred stock value | 0 | 0 | 0 | — | — | |
| Common Stock, $0.001 par value, 190,000,000 shares authorized; 55,282,150 and 46,285,078 shares issued and 54,857,000 and 46,209,081 shares outstanding as of December 31, 2025 and December 31, 2024, respectively | 55,000 | 45,000 | 352,000 | — | — | |
| Additional Paid-in Capital | 794 | 778 | 774 | 770 | 770 | |
| Treasury Stock at Cost, 425,150 and 75,997 shares of common stock as of December 31, 2025 and December 31, 2024, respectively | −604,000 | −340,000 | −339,000 | — | — | |
| Accumulated Deficit | −764 | −739 | −719 | −693 | −678 | |
| Accumulated Other Comprehensive Loss | −3 | −3 | −4 | — | — | |
| Total Kartoon Studios, Inc. Stockholders' Equity | 26 | 35 | 52 | — | — | |
| Non-Controlling Interests in Consolidated Subsidiaries | 1 | 1 | 2 | — | — | |
| Total Stockholders' Equity | 28 | 36 | 53 | 74 | 88 | |
| Total Liabilities and Stockholders Equity | 71 | 85 | 111 | — | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Amortization of Film and Television Costs | 904,000 | 231,000 | — | — | — | |
| Depreciation and Amortization of Property, Equipment and Intangible Assets | 3 | 2 | 3 | 3 | 599,000 | |
| Amortization of Right-of-Use Asset | 1 | 2 | 3 | 2 | 298,000 | |
| Amortization of Premium on Marketable Securities | 7,000 | 67,000 | 391,000 | 1 | 659,000 | |
| Share-Based Compensation Expense | 331,000 | 667,000 | 3 | 11 | 16 | |
| Impairment of Film and Television Costs | 28,000 | 0 | 7 | 7 | 18 | |
| Loss on Debt Settlement | 2 | 0 | — | — | — | |
| Gain on Early Lease Termination | −4,000 | 0 | 258,000 | 0 | 0 | |
| Loss on Share Exchange | 286,000 | 0 | — | — | — | |
| Deferred Income Taxes | −135,000 | 7,000 | −973,000 | −45,000 | 0 | |
| Loss on Partial Disposal of Equity Investment in Your Family Entertainment AG | 2 | 0 | — | — | — | |
| Loss on Revaluation of Equity Investments in Your Family Entertainment AG | 10 | 2 | — | — | — | |
| Unrealized (Gain) Loss on Foreign Currency of Equity Investments in Your Family Entertainment AG | −2 | 1 | −533,000 | 1 | −6,000 | |
| Loss (Gain) on Warrant Revaluation | 232,000 | −63,000 | −10 | −557,000 | −342,000 | |
| Accounts Payable Balance Settled in Stock | 2 | 0 | — | — | — | |
| Loss on Transaction | 0 | 985,000 | 0 | — | — | |
| Realized Loss on Marketable Securities | 37,000 | 611,000 | — | — | — | |
| Non-cash Interest Expense | 73,000 | 0 | — | 2 | 0 | |
| Stock Issued for Services | 228,000 | 306,000 | 1 | 312,000 | 41,000 | |
| Stock Options Issued to Consultants | 43,000 | 30,000 | — | — | — | |
| Credit Loss Expense | 135,000 | 232,000 | 401,000 | 337,000 | 22,000 | |
| Other Non-Cash Items | 34,000 | 0 | −2,000 | 18,000 | 3,000 | |
| Accounts Receivable | 2 | 6 | −3 | 2 | 228,000 | |
| Other Receivable | −58,000 | −36,000 | 1 | 347,000 | −504,000 | |
| Tax Credits Earned (less capitalized) | −12 | −9 | −15 | −14 | 0 | |
| Tax Credits Received | 9 | 16 | 21 | 10 | 0 | |
| Employee Retention Tax Credit Receivable | 0 | −1 | 0 | — | — | |
| Film and Television Costs, net | −4 | −2 | — | — | — | |
| Prepaid Expenses and Other Assets | −244,000 | 118,000 | 622,000 | 1 | 3 | |
| Accounts Payable | 108,000 | −5 | 5 | 3 | −169,000 | |
| Accrued Salaries and Wages | 114,000 | −627,000 | −592,000 | 191,000 | 370,000 | |
| Accrued Expenses | 334,000 | −280,000 | −277,000 | −2 | 54,000 | |
| Accrued Production Costs | 233,000 | 2 | 1 | −1 | 2 | |
| Participations Payable | −415,000 | −449,000 | −1 | −784,000 | −721,000 | |
| Deferred Revenue | −2 | 3 | −6 | −8 | −509,000 | |
| Lease Liability | −911,000 | −788,000 | −622,000 | −613,000 | −186,000 | |
| Due to Related Party | 3,000 | −1,000 | −4,000 | −61,000 | 60,000 | |
| Other Liabilities | −15,000 | −113,000 | −19,000 | −25,000 | 0 | |
| Net Cash Used in Operating Activities | −11 | −3 | −16 | −26 | −24 | |
| Repayments from Related Party for Note Receivables | 400,000 | 83,000 | 1 | −2 | — | |
| Proceeds from Sales and Maturities of Marketable Securities | 5 | 10 | 72 | 14 | 186 | |
| Investment in Marketable Securities | −7 | 0 | — | 0 | −305 | |
| Purchase of Property and Equipment | −151,000 | −117,000 | −72,000 | −592,000 | −302,000 | |
| Net Cash (Used in) Provided by Investing Activities | −2 | 10 | 74 | −31 | −129 | |
| Proceeds from Margin Loan | 6 | 11 | 13 | 11 | — | |
| Repayments of Margin Loan | −7 | −11 | −18 | −9 | — | |
| Proceeds from Production Facilities | 10 | 9 | — | — | — | |
| Repayments of Production Facilities | −9 | −15 | — | — | — | |
| Repayments of Bank Indebtedness, net | 0 | −3 | — | — | — | |
| Proceeds from Factoring Transaction | 484,000 | 0 | — | — | — | |
| Principal Payments on Finance Lease Obligations | −393,000 | −2 | −2 | −1 | 0 | |
| Debt Issuance Costs | −79,000 | −2,000 | −18,000 | −54,000 | 0 | |
| Proceeds from Sale of Investment | 829,000 | 0 | — | — | — | |
| Placement Agent Fee Paid in Cash | −511,000 | −390,000 | 0 | — | — | |
| Proceeds from Securities Purchase Agreement, net | 7 | 8 | 0 | — | — | |
| Shares Withheld for Taxes on Vested Restricted Shares | −1,000 | −1,000 | −49,000 | −5,000 | 0 | |
| Proceeds from Warrant Exercise | 1,000 | 2,000 | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | 8 | −3 | −61 | 54 | 62 | |
| Effect of Exchange Rate Changes on Cash | −551,000 | 898,000 | −301,000 | −212,000 | −16,000 | |
| Net (Decrease) Increase in Cash and Restricted Cash | −5 | 4 | −3 | −3 | −90 | |
| Cash Paid for Interest | 40,000 | 129,000 | 2 | 252,000 | 19,000 | |
| Cash Paid for Taxes | 0 | 0 | 64,000 | 19,000 | 0 | |
| Reduction in Leased Asset Due to Modified Lease Liability | 106,000 | 0 | 219,000 | — | — | |
| Leased Assets Obtained in Exchange for New Finance Lease Liabilities | 356,000 | 0 | — | — | — |
Filings
Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro
Material Events
Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro
Insiders
Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro
Institutional Holders
Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro
Frequently asked questions
What is Kartoon Studios, Inc.'s CIK number?
Kartoon Studios, Inc.'s SEC CIK number is 0001355848 (1355848). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Kartoon Studios, Inc.'s SEC filings?
All of Kartoon Studios, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Kartoon Studios, Inc. last report earnings?
Kartoon Studios, Inc. (TOON) most recently filed an earnings 8-K with the SEC on May 15, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001683168-26-003978). This is Kartoon Studios, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Kartoon Studios, Inc.'s most recent earnings 8-K?
Kartoon Studios, Inc.'s latest earnings 8-K (Item 2.02) was filed May 15, 2026 under accession 0001683168-26-003978. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Kartoon Studios, Inc.'s latest earnings 8-K →
Look up any company's CIK number →