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Kartoon Studios, Inc.

TOON Communication Services Entertainment

Kartoon Studios, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $39.4 million, up 20.7% from fiscal 2024.

Revenue
−43.4%
EPS
+415.4%
Free cash flow
+856.3%
Total debt
+164.4%

Quarter to June 2026, against a year earlier

0.49 0.00 0.00%
Market cap
$30.3M
P/E
5.4×
Fwd P/E
−3.2×
Dividend yield
—
F-score
4/9
Altman Z
−14.59
Beneish M
−3.36
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 10.30%

Capital & Financial Ratios $m

Size
Market Cap 30.26
Revenue ttm 32.63
Net income ttm 8.70
Free cash flow ttm 26.17
Net debt Q (39.64)
Valuation
P/E 5.44
Forward P/E (3.20) (negative: loss-making)
Price / sales 0.99
Forward P/S Powerpack
Price / FCF 1.24
Price / book 0.60
Financial health
Current ratio Q 2.00 (at or above 1.5: strong)
Debt / equity Q 0.02 (at or below 0.5: strong)
Interest coverage Q (19.49)
Growth
Revenue growth Q −43.37% (below 0%: shrinking)
Operating income growth Q −6.07% (below 0%: shrinking)
EPS, this year —
EPS, next year A —
Revenue, next year A +691.31% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is −0.2×, against a ten-year median of 3.1×; over the ten years it ranged from −0.2× in 2026 to 133× in 2020.
P/S against its own 10 years 21.82%
10-year low 10-year high
P/B against its own 10 years 9.42%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 16 10 7 41
Receivables 39 24 28 21
Inventory — — — —
Other — — — —
56 35 36 63
2023 2024 2025 Q'26
Payables 17 12 12 6
ST’ Debt 4 1 — —
Other 15 10 13 14
46 33 33 32

Compound Annual Growth %

10y 5y 3y
Sales 45.78% 73.78% (14.20%)
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 6.90% (25.40%) (37.52%)

EPS $

Mar Jun Sep Dec Year
’26 (0.10) 0.38 — — —
’25 (0.14) (0.13) (0.14) (0.08) (0.49)
’24 (0.20) (0.15) (0.05) (0.14) (0.54)
’23 (0.77) (0.47) (0.44) (0.72) (2.29)
’22 (0.15) (0.40) (0.40) (0.53) (1.45)
’21 (2.70) (0.20) (0.30) (1.10) (4.20)
’20 (2.30) (48.80) (0.10) 23.01 (28.20)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 7 6 — — —
’25 10 10 10 10 39
’24 6 8 9 9 33
’23 14 11 10 9 44
’22 1 22 20 19 62
’21 1 2 2 3 8
’20 0 1 0 1 2
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (3) 34 — — —
’25 (2) (4) (5) 0 (11)
’24 4 (6) 2 (2) (3)
’23 (5) (5) (10) 4 (16)
’22 (5) (12) (6) (2) (26)
’21 (6) (3) (7) (8) (24)
’20 (1) (1) (3) (3) (8)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (3) 34 — — —
’25 (2) (5) (6) 0 (12)
’24 4 (7) 1 (2) (4)
’23 (5) (5) (10) 4 (16)
’22 (5) (13) (7) (2) (27)
’21 (6) (3) (7) (9) (25)
’20 (1) (1) (3) (3) (8)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 1 5 1 6 2 8 62 44 33 39 33 +52.8% — — — —
Gross margin, % 67.79 20.21 (54.69) 22.67 14.46 (179.27) 20.77 8.36 29.02 31.82 31.40 (36.0) pt
EBT (6) (5) (9) (11) (402) (126) (44) (78) (21) (25) 9 +16.6%
EBT margin, % (716.70) (92.00) (906.28) (194.34) (16,176.80) (1,605.07) (71.31) (177.33) (64.39) (63.10) 28.02 +653.6 pt
Net income (6) (5) (9) (11) (402) (126) (45) (77) (21) (25) 9 +16.6%
Per share, $
Per share, $ Revenue 2.21 8.77 1.13 4.96 0.17 0.26 1.98 1.31 0.85 0.78 0.49 (10.9%)
Earnings (15.90) (8.07) (10.25) (12.50) (28.20) (4.20) (1.45) (2.29) (0.54) (0.49) 0.09 (32.1%)
Cash flow (9.49) (11.81) (9.14) (5.25) (0.57) (0.80) (0.83) (0.48) (0.09) (0.23) 0.40 (34.0%)
Capex (0.03) (0.18) (0.05) (0.02) (0.01) (0.04) (0.02) 0.00 0.00 0.00 0.00 (22.4%)
Free cash flow (9.52) (11.99) (9.19) (5.27) (0.57) (0.84) (0.85) (0.48) (0.09) (0.23) 0.40 (33.9%)
Book value 25.68 24.72 14.66 7.63 8.37 4.86 3.60 1.58 0.95 0.55 0.81 (34.8%)
Shares, m 0 1 1 1 14 30 31 34 38 50 57 +71.5%
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5.44 0.0
P/S 24.87 3.15 18.96 0.55 79.17 39.68 2.52 1.10 0.70 0.92 0.99 17.2
P/B 2.14 1.12 1.47 0.36 1.65 2.16 1.39 0.91 0.62 1.31 0.60 1.3
EV/Sales 23.08 2.55 18.04 1.53 39.36 25.24 2.08 0.84 0.41 0.77 (0.22) 11.4
EV/FCF (5.37) (1.87) (2.23) (1.43) (11.97) (7.91) (4.69) (2.14) (3.61) (2.60) (0.27) (4.4)
Cash, $m
Cash, $m Operating cash flow (4) (7) (8) (6) (8) (24) (26) (16) (3) (11) 26 +13.3%
Capex 0 0 0 0 0 (1) (1) 0 0 0 0 +33.1%
Free cash flow (4) (7) (8) (6) (8) (25) (27) (16) (4) (12) 26 +13.4%
Balance, $m
Balance, $m Working capital 0 8 1 (4) 101 115 29 10 1 2 31 n/m
Net debt (2) (3) 1 6 (99) (114) (28) (11) (9) (6) (40) +16.4%
Shareholders’ equity 10 15 13 9 119 145 113 53 36 28 54 +11.8%
Returns, %
Returns, % ROA (33.76) (21.50) (35.77) (55.03) (491.00) (81.93) (22.04) (43.93) (21.07) (31.38) 10.67 +2.4 pt
ROIC (47.54) (25.89) (36.34) (27.39) (54.91) (128.52) (32.03) (108.13) (39.34) (37.64) (57.37) +9.9 pt
ROE (51.40) (39.12) (67.13) (135.56) (626.22) (95.73) (35.41) (92.82) (46.23) (76.67) 21.07 (25.3) pt
People
People Employees 19 26 25 19 27 67 743 282 412 334 — +37.5%
Revenue/emp, $m 0.05 0.21 0.04 0.31 0.09 0.12 0.08 0.16 0.08 0.12 — +11.1%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Kartoon Studios, Inc. vs peers in Entertainment (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
HUYA HUYA Inc. Sponsored ADR $159.1M — (loss-making) 22.5× +17.18% (above 0%: growing) n/m −241.96% (below 0%: shrinking) 14.66% (0.40%) Compare
RDI Reading International Inc $52.5M — (loss-making) — (loss-making) +10.80% (above 0%: growing) n/m −89.41% (below 0%: shrinking) 22.50% 11.18% Compare
LFS Leifras Co., Ltd. - Sponsored ADR $50.2M — — — — +29.60% (above 0%: growing) 32.23% 5.19% Compare
CNVS Cineverse Corp. $40.2M — (loss-making) — (loss-making) +175.16% (above 0%: growing) n/m +90.23% (above 0%: growing) 34.84% (16.75%) Compare
GAIA Gaia, Inc. $32.6M — (loss-making) — (loss-making) −11.82% (below 0%: shrinking) n/m −277.95% (below 0%: shrinking) 85.19% (13.39%) Compare
ANGH Anghami Inc. $30.6M — (loss-making) — (loss-making) — −102.59% (below 0%: shrinking) −43.30% (below 0%: shrinking) 14.46% 0.00% Compare
TOON Kartoon Studios, Inc. $30.3M 5.4× — (loss-making) −43.37% (below 0%: shrinking) n/m +856.32% (above 0%: growing) 20.39% (58.58%)
NIPG NIP Group Inc. Sponsored ADR $12.0M — — — — — — — Compare
CPOP Pop Culture Group Co., Ltd. $5.0M — (loss-making) 40.1× −37.64% (below 0%: shrinking) −1,011.11% (below 0%: shrinking) −33.18% (below 0%: shrinking) (17.72%) 0.00% Compare
Median of peers $36.4M — — +10.80% — −43.30% 22.50% 0.00%

All 48 Entertainment stocks →

Pay and ownership Proxy statement filed 4 September 2026

Ownership

Directors and executive officers, together 5.20%
Anson Funds Management LP 9.90%
Clear Street Derivatives LLC 5.70%
Nomura Holdings Inc., and Nomura Global Financial Products Inc. 5.30%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Kartoon Studios, Inc. (TOON) Latest News

28 Oct

Impact 4 · · ACCESS Newswire

8 Sep

Impact 4 ·

14 Aug

Impact 4 ·
Impact 4 · · GlobeNewswire

20 Jul

Impact 4 ·

17 Jul

Impact 4 ·

15 Jul

Impact 3 ·

14 Jul

Impact 4 ·

17 Jun

Impact 4 ·

15 May

Impact 4 · · GlobeNewswire
Impact 4 ·

31 Mar

Impact 4 ·
Impact 3 · · GlobeNewswire

27 Mar

Impact 3 · · GlobeNewswire
Impact 3 · · GlobeNewswire

19 Dec

Impact 3 · · GlobeNewswire

17 Dec

Impact 4 · · GlobeNewswire

15 Dec

Impact 3 · · GlobeNewswire

11 Dec

Impact 4 · · GlobeNewswire

9 Dec

Impact 3 · · GlobeNewswire

25 Nov

Impact 4 · · GlobeNewswire

14 Nov

Impact 4 · · GlobeNewswire

17 Oct

Impact 4 · · GlobeNewswire

25 Sep

Impact 4 · · GlobeNewswire

9 Sep

Impact 4 ·

18 Aug

Impact 4 · · GlobeNewswire

15 Aug

Impact 4 · · GlobeNewswire

28 May

Impact 4 · · GlobeNewswire

26 Mar

Impact 3 ·

19 Feb

Impact 4 ·
stockrow.com/TOON · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com