Kartoon Studios, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 09/30/23 | FY 06/30/23 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $39.4M | $32.6M | $44.1M | — | — |
| Operating expenses | $52.3M | $49.6M | $116.5M | — | — |
| Operating income | -$12.9M | -$17.0M | -$72.4M | — | — |
| Interest expense | $656,000 | $779,000 | $3.1M | — | — |
| Pretax income | -$24.8M | -$21.0M | -$78.2M | — | — |
| Income tax expense | -$135,000 | -$43,000 | -$973,000 | — | — |
| Net income | -$24.5M | -$20.7M | -$77.1M | — | — |
| Balance Sheet | |||||
| Current assets | $35.8M | $34.7M | $55.7M | — | — |
| Total assets | $70.9M | $85.5M | $111.4M | $137.8M | $179.7M |
| Current liabilities | $33.5M | $33.4M | $45.6M | — | — |
| Total liabilities | $43.4M | $49.0M | $58.2M | $63.6M | $91.9M |
| Stockholders' equity | $26.2M | $35.0M | $51.6M | $74.2M | $87.7M |
| Cash Flow Statement | |||||
| Cash from operations | -$11.4M | -$3.5M | -$16.1M | — | — |
| Depreciation and amortization | $2.6M | $2.4M | $2.5M | — | — |
| Stock-based compensation | $331,000 | $669,000 | $2.7M | — | — |
| Capital expenditure | $151,000 | $117,000 | $72,000 | — | — |
| Free cash flow | -$11.6M | -$3.6M | -$16.2M | — | — |
| Share repurchases | — | — | $0 | — | — |
| Impairments | $28.2M | $0 | $33.5M | — | — |
Shares outstanding 59.1M · Free float 71.5%
Annual filing data through FY ended December 31, 2025; float as of July 13, 2026.