What is Kartoon Studios Inc's earnings per share (EPS)?

Kartoon Studios Inc (TOON) reported diluted earnings per share of $-0.49 for fiscal year 2025. This represents a 9.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Kartoon Studios Inc Financials

TOON

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE March

This page shows Kartoon Studios Inc (TOON) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Earnings Quality Low Quality

0.46x

For every $1 of reported earnings, Kartoon Studios Inc generates $0.46 in operating cash flow (-$11.4M OCF vs -$24.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-19.7x

Kartoon Studios Inc earns $-19.7 in operating income for every $1 of interest expense (-$12.9M vs $656K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$35.2M

YoY+8.0%

5Y CAGR+69.9%

10Y CAGR+44.2%

Kartoon Studios Inc generated $35.2M in revenue in fiscal year 2025. This represents an increase of 8.0% from the prior year.

EBITDA

-$10.3M

YoY+29.2%

Kartoon Studios Inc's EBITDA was -$10.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 29.2% from the prior year.

Net Income

-$24.5M

YoY-18.3%

Kartoon Studios Inc reported -$24.5M in net income in fiscal year 2025. This represents a decrease of 18.3% from the prior year.

EPS (Diluted)

$-0.49

YoY+9.3%

Kartoon Studios Inc earned $-0.49 per diluted share (EPS) in fiscal year 2025. This represents an increase of 9.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$11.6M

YoY-220.5%

Kartoon Studios Inc generated -$11.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 220.5% from the prior year.

Cash & Debt

N/A

Dividends Per Share

N/A

Shares Outstanding

56M

YoY+21.9%

5Y CAGR-26.1%

Kartoon Studios Inc had 56M shares outstanding in fiscal year 2025. This represents an increase of 21.9% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

-36.7%

YoY+15.5pp

5Y CAGR+683.5pp

10Y CAGR+352.8pp

Kartoon Studios Inc's operating margin was -36.7% in fiscal year 2025, reflecting core business profitability. This is up 15.5 percentage points from the prior year.

Net Margin

-69.7%

YoY-6.1pp

5Y CAGR+16107.1pp

10Y CAGR+313.9pp

Kartoon Studios Inc's net profit margin was -69.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 6.1 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$151K

YoY+29.1%

5Y CAGR+14.7%

10Y CAGR-1.9%

Kartoon Studios Inc invested $151K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 29.1% from the prior year.

TOON Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$35.2M+8.0%	$32.6M-26.1%	$44.1M-29.2%	$62.3M+691.3%	$7.9M+217.1%	$2.5M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$24.0M-4.8%	$25.2M-28.6%	$35.3M-23.0%	$45.9M+27.5%	$36.0M+106.4%	$17.4M
Operating Income	-$12.9M+24.0%	-$17.0M+76.5%	-$72.4M-65.5%	-$43.7M+31.4%	-$63.8M-256.5%	-$17.9M
Interest Expense	$656K-15.8%	$779K-75.1%	$3.1M+34.2%	$2.3M+11545.0%	$20K-98.3%	$1.2M
Income Tax	-$135K-214.0%	-$43K+95.6%	-$973K-1026.7%	$105K	$0	$0
Net Income	-$24.5M-18.3%	-$20.7M+73.1%	-$77.1M-69.1%	-$45.6M+63.9%	-$126.3M+68.6%	-$401.7M
EPS (Diluted)	$-0.49+9.3%	$-0.54+76.4%	$-2.29-57.9%	$-1.45+65.8%	$-4.24	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$9.9M-3.9%	$10.3M+8.2%	$9.5M+0.9%	$9.4M+8.2%	$8.7M+3.9%	$8.4M+37.9%	$6.1M-30.8%	$8.8M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$5.6M-9.2%	$6.2M+8.8%	$5.7M+3.9%	$5.5M+5.8%	$5.2M-24.7%	$6.9M-9.1%	$7.6M-16.0%	$9.1M
Operating Income	-$2.9M+9.9%	-$3.2M-4.4%	-$3.1M+11.9%	-$3.5M-37.2%	-$2.5M+45.4%	-$4.7M+25.9%	-$6.3M+78.5%	-$29.2M
Interest Expense	$157K-4.8%	$165K+28.9%	$128K-16.9%	$154K-12.5%	$176K-28.5%	$246K+21.2%	$203K-41.8%	$349K
Income Tax	$0	$0	$0+100.0%	-$43K	$0	$0	$0+100.0%	-$39K
Net Income	-$6.6M-6.6%	-$6.2M+5.6%	-$6.5M-13.2%	-$5.8M-180.2%	-$2.1M+65.0%	-$5.9M+16.6%	-$7.0M+72.2%	-$25.4M
EPS (Diluted)	$-0.14-7.7%	$-0.13+7.1%	$-0.14	N/A	$-0.05+66.7%	$-0.15+25.0%	$-0.20	N/A

TOON Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	N/A	$85.5M-23.3%	$111.4M-53.5%	$239.6M+37.6%	$174.1M+29.7%	$134.2M
Current Assets	N/A	$34.7M-37.7%	$55.7M-60.1%	$139.5M+2.5%	$136.2M+25.4%	$108.6M
Cash & Equivalents	N/A	$8.4M+104.8%	$4.1M-44.9%	$7.4M+261.1%	$2.1M-98.0%	$100.5M
Inventory	N/A	N/A	N/A	N/A	N/A	$0
Accounts Receivable	N/A	$12.0M-33.7%	$18.1M+16.2%	$15.6M+103.9%	$7.6M+340.9%	$1.7M
Goodwill	N/A	N/A	$0-100.0%	$33.5M+119.8%	$15.2M+46.9%	$10.4M
Total Liabilities	N/A	$49.0M-15.8%	$58.2M-54.1%	$126.7M+330.6%	$29.4M+96.1%	$15.0M
Current Liabilities	N/A	$33.4M-26.7%	$45.6M-58.8%	$110.9M+424.9%	$21.1M+194.4%	$7.2M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	N/A	$35.0M-32.2%	$51.6M-53.6%	$111.1M-22.2%	$142.7M+19.7%	$119.2M
Retained Earnings	N/A	-$739.3M-2.9%	-$718.5M-12.0%	-$641.4M-7.7%	-$595.8M-26.9%	-$469.6M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$66.7M-4.7%	$70.0M-2.4%	$71.7M-16.1%	$85.5M-2.1%	$87.3M-1.9%	$89.0M-4.6%	$93.3M-16.2%	$111.4M
Current Assets	$27.1M+6.4%	$25.5M+1.3%	$25.1M-27.5%	$34.7M-6.8%	$37.2M-4.2%	$38.8M-5.3%	$41.0M-26.3%	$55.7M
Cash & Equivalents	$1.4M-44.3%	$2.6M-7.4%	$2.8M-66.9%	$8.4M+83.0%	$4.6M+67.1%	$2.7M-0.8%	$2.8M-32.5%	$4.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$8.7M+23.5%	$7.0M-6.9%	$7.6M-36.9%	$12.0M+0.7%	$11.9M-6.1%	$12.7M-5.4%	$13.4M-25.9%	$18.1M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0
Total Liabilities	$42.7M+5.9%	$40.3M-3.2%	$41.6M-15.0%	$49.0M+10.1%	$44.5M-0.3%	$44.6M-4.7%	$46.9M-19.5%	$58.2M
Current Liabilities	$32.5M+7.1%	$30.4M+13.1%	$26.8M-19.8%	$33.4M-0.8%	$33.7M+0.3%	$33.6M-3.7%	$34.9M-23.6%	$45.6M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$22.6M-20.2%	$28.4M-1.0%	$28.6M-18.1%	$35.0M-15.2%	$41.2M-3.5%	$42.7M-4.6%	$44.8M-13.1%	$51.6M
Retained Earnings	-$758.5M-0.9%	-$752.0M-0.8%	-$745.8M-0.9%	-$739.3M-0.8%	-$733.5M-0.3%	-$731.5M-0.8%	-$725.6M-1.0%	-$718.5M

TOON Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$11.4M-226.9%	-$3.5M+78.3%	-$16.1M+37.9%	-$25.9M-8.8%	-$23.8M-195.7%	-$8.1M
Capital Expenditures	$151K+29.1%	$117K+62.5%	$72K-87.8%	$592K+96.0%	$302K+297.4%	$76K
Free Cash Flow	-$11.6M-220.5%	-$3.6M+77.7%	-$16.2M+39.0%	-$26.5M-9.9%	-$24.1M-196.7%	-$8.1M
Investing Cash Flow	-$1.6M-116.3%	$10.0M-86.4%	$73.9M+338.7%	-$30.9M+76.0%	-$128.7M-9075.5%	-$1.4M
Financing Cash Flow	$8.1M+360.2%	-$3.1M+94.9%	-$60.8M-211.7%	$54.4M-12.4%	$62.2M-43.3%	$109.6M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	$0-100.0%	$285K	$0	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	-$5.5M-23.0%	-$4.5M-145.2%	-$1.8M+22.9%	-$2.4M-254.7%	$1.5M+123.5%	-$6.5M-269.0%	$3.8M-5.7%	$4.1M
Capital Expenditures	$36K-40.0%	$60K+200.0%	$20K-57.4%	$47K+30.6%	$36K	$0-100.0%	$34K+750.0%	$4K
Free Cash Flow	-$5.5M-22.2%	-$4.5M-145.8%	-$1.8M+23.5%	-$2.4M-261.6%	$1.5M+122.9%	-$6.5M-270.5%	$3.8M-6.4%	$4.1M
Investing Cash Flow	$1.1M-57.6%	$2.5M+309.7%	-$1.2M-156.2%	$2.1M-11.5%	$2.4M-19.4%	$3.0M+15.5%	$2.6M-42.3%	$4.4M
Financing Cash Flow	$3.1M+34.9%	$2.3M+189.4%	-$2.6M-177.5%	$3.3M+302.0%	-$1.6M-153.1%	$3.1M+139.1%	-$7.9M+1.0%	-$8.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

TOON Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-36.7%+15.5pp	-52.1%+112.0pp	-164.2%-94.0pp	-70.2%+739.6pp	-809.8%-89.6pp	-720.2%
Net Margin	-69.7%-6.1pp	-63.6%+111.3pp	-174.9%-101.7pp	-73.2%+1530.9pp	-1604.1%+14572.7pp	-16176.8%
Return on Equity	N/A	-59.3%+90.2pp	-149.5%-108.5pp	-41.0%+47.4pp	-88.5%+248.5pp	-337.0%
Return on Assets	N/A	-24.3%+44.9pp	-69.2%-50.2pp	-19.0%+53.5pp	-72.5%+226.8pp	-299.3%
Current Ratio	N/A	1.04-0.2	1.22-0.0	1.26-5.2	6.44-8.7	15.12
Debt-to-Equity	N/A	1.40+0.3	1.13-0.0	1.14+0.9	0.21+0.1	0.13
FCF Margin	-32.8%-21.8pp	-11.1%+25.6pp	-36.7%+5.9pp	-42.6%+263.8pp	-306.4%+21.1pp	-327.4%

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-29.3%+2.0pp	-31.3%+1.1pp	-32.4%+4.7pp	-37.1%-7.8pp	-29.3%+26.3pp	-55.6%+48.0pp	-103.6%+228.9pp	-332.4%
Net Margin	-66.5%-6.6pp	-60.0%+8.7pp	-68.7%-7.5pp	-61.2%-37.6pp	-23.6%+46.4pp	-70.0%+45.9pp	-115.9%+172.9pp	-288.8%
Return on Equity	-29.0%-7.3pp	-21.7%+1.0pp	-22.8%-6.3pp	-16.5%-11.5pp	-5.0%+8.8pp	-13.7%+2.0pp	-15.7%+33.5pp	-49.2%
Return on Assets	-9.8%-1.1pp	-8.8%+0.3pp	-9.1%-2.4pp	-6.7%-4.4pp	-2.4%+4.2pp	-6.6%+0.9pp	-7.5%+15.2pp	-22.8%
Current Ratio	0.830.0	0.84-0.1	0.94-0.1	1.04-0.1	1.10-0.1	1.16-0.0	1.18-0.0	1.22
Debt-to-Equity	1.89+0.5	1.42-0.0	1.45+0.1	1.40+0.3	1.08+0.0	1.040.0	1.05-0.1	1.13
FCF Margin	-56.0%-12.0pp	-44.0%-24.7pp	-19.4%+6.2pp	-25.6%-42.7pp	17.1%+94.6pp	-77.5%-140.2pp	62.7%+16.3pp	46.4%

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Frequently Asked Questions

What is Kartoon Studios Inc's annual revenue?

Kartoon Studios Inc (TOON) reported $35.2M in total revenue for fiscal year 2025. This represents a 8.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Kartoon Studios Inc's revenue growing?

Kartoon Studios Inc (TOON) revenue grew by 8% year-over-year, from $32.6M to $35.2M in fiscal year 2025.

Is Kartoon Studios Inc profitable?

No, Kartoon Studios Inc (TOON) reported a net income of -$24.5M in fiscal year 2025, with a net profit margin of -69.7%.

What is Kartoon Studios Inc's EBITDA?

Kartoon Studios Inc (TOON) had EBITDA of -$10.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Kartoon Studios Inc's operating margin?

Kartoon Studios Inc (TOON) had an operating margin of -36.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Kartoon Studios Inc's net profit margin?

Kartoon Studios Inc (TOON) had a net profit margin of -69.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Kartoon Studios Inc's free cash flow?

Kartoon Studios Inc (TOON) generated -$11.6M in free cash flow during fiscal year 2025. This represents a -220.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Kartoon Studios Inc's operating cash flow?

Kartoon Studios Inc (TOON) generated -$11.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Kartoon Studios Inc's capital expenditures?

Kartoon Studios Inc (TOON) invested $151K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Kartoon Studios Inc have outstanding?

Kartoon Studios Inc (TOON) had 56M shares outstanding as of fiscal year 2025.

Are Kartoon Studios Inc's earnings high quality?

Kartoon Studios Inc (TOON) has an earnings quality ratio of 0.46x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Kartoon Studios Inc cover its interest payments?

Kartoon Studios Inc (TOON) has an interest coverage ratio of -19.7x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.