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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. In the quarter to June 2026, revenue fell 43.4%, EPS grew 415.4%, free cash flow grew 856.3% and total debt rose 164.4%, each against the same quarter a year earlier.

0.52 0.02 −3.70%
Market cap
$33.6M
P/E
5.8×
Fwd P/E
−3.2×
Dividend yield
—
F-score
4/9
Altman Z
−14.59
Beneish M
−3.36
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 10.30%

Capital & Financial Ratios $m

Market Cap 33.61
Revenue 32.63
Net Income 8.70
Free Cash Flow 26.17
Net Debt (39.64)
Current Ratio 2.00 (at or above 1.5: strong)
Debt/Equity 0.02 (at or below 0.5: strong)
P/E ratio 5.78
Fwd P/E (3.20) (negative: loss-making)
P/S ratio 1.05
P/B ratio 0.64
Past 5Y EPS Growth —
This Y EPS Growth —
Next Y EPS Growth —
Next Y revenue growth 691.31% (at or above 10%: strong)
Next 5Y EPS Growth —

Green and red mark values outside typical ranges. 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 27.41%
10-year low 10-year high
P/B against its own 10 years 10.43%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2021 Powerpack
2020 Powerpack
2019 Powerpack
2018 Powerpack
2017 Powerpack
special payouts not included in total or ratios

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%)

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.

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) (0.62) (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.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 18.75 20.10 18.90 1.92 0.52 10.40 4.50 0.94 0.46 0.49

Analyst estimates 2026–2028

Powerpack
High 80.00 60.60 34.40 27.92 117.30 31.20 12.40 7.50 2.01 0.93
People
People Employees 19 26 25 19 27 67 743 282 412 334
Revenue/emp, $m 0.05 0.21 0.04 0.31 0.09 0.12 0.08 0.16 0.08 0.12
Income, $m
Income, $m Revenue 1 5 1 6 2 8 62 44 33 39
Gross margin, % 67.79 20.21 (54.69) 22.67 14.46 (179.27) 20.77 8.36 29.02 31.82
EBT (6) (5) (9) (11) (402) (126) (44) (78) (21) (25)
EBT margin, % (716.70) (92.00) (906.28) (194.34) (16,176.80) (1,605.07) (71.31) (177.33) (64.39) (63.10)
Net income (6) (5) (9) (11) (402) (126) (45) (77) (21) (25)
Depreciation 0 3 1 3 1 11 21 44 4 5
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
Earnings (15.90) (7.12) (10.25) (12.50) (28.20) (4.20) (1.45) (2.29) (0.54) (0.49)
Cash flow (9.49) (11.81) (9.14) (5.25) (0.57) (0.80) (0.83) (0.48) (0.09) (0.23)
Capex (0.03) (0.18) (0.05) (0.02) (0.01) (0.04) (0.02) 0.00 0.00 0.00
Free cash flow (9.52) (11.99) (9.19) (5.27) (0.57) (0.84) (0.85) (0.48) (0.09) (0.23)
Book value 25.68 24.72 14.66 7.63 8.37 4.86 3.60 1.58 0.95 0.55
Shares, m 0 1 1 1 14 30 31 34 38 50
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
P/S 24.87 3.15 18.96 0.55 79.17 39.68 2.52 1.05 0.70 0.92
P/B 2.14 1.12 1.47 0.36 1.65 2.16 1.39 0.87 0.62 1.31
EV/Sales 23.08 2.55 18.04 1.53 39.36 25.24 2.08 0.79 0.41 0.77
EV/FCF (5.37) (1.87) (2.23) (1.43) (11.97) (7.91) (4.69) (2.02) (3.61) (2.60)
Cash, $m
Cash, $m Operating cash flow (4) (7) (8) (6) (8) (24) (26) (16) (3) (11)
Capex 0 0 0 0 0 (1) (1) 0 0 0
Free cash flow (4) (7) (8) (6) (8) (25) (27) (16) (4) (12)
Balance, $m
Balance, $m Working capital 0 8 1 (4) 101 115 29 10 1 2
Total debt 1 4 4 6 2 9 64 5 1 1
Net debt (2) (3) 1 6 (99) (114) (28) (11) (9) (6)
Shareholders’ equity 10 15 13 9 119 145 113 53 36 28
Returns, %
Returns, % ROA (33.76) (21.50) (35.77) (55.03) (491.00) (81.93) (22.04) (43.93) (21.07) (31.38)
ROIC (47.54) (25.89) (36.34) (27.39) (54.91) (128.52) (32.03) (108.13) (39.34) (37.64)
ROE (51.40) (39.12) (67.13) (135.56) (626.22) (95.73) (35.41) (92.82) (46.23) (76.67)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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
BLMZF Harrison Global Holdings Inc. $70.0M — — — — — — — Compare
RDI Reading International Inc $58.7M — (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 $57.3M — — — — +29.60% (above 0%: growing) 32.23% 5.19% Compare
CNVS Cineverse Corp. $39.9M — (loss-making) — (loss-making) +175.16% (above 0%: growing) n/m +90.23% (above 0%: growing) 34.84% (16.75%) Compare
GAIA Gaia, Inc. $34.3M — (loss-making) — (loss-making) −5.29% (below 0%: shrinking) n/m −996.70% (below 0%: shrinking) 85.34% (13.78%) Compare
TOON Kartoon Studios, Inc. $33.6M 5.8× — (loss-making) −43.37% (below 0%: shrinking) n/m +856.32% (above 0%: growing) 20.39% (58.58%)
ANGH Anghami Inc. $29.6M — (loss-making) — (loss-making) — n/m −43.30% (below 0%: shrinking) 14.46% 0.00% Compare
NIPG NIP Group Inc. Sponsored ADR $24.3M — — — — — — — Compare
MMVVF MultiMetaVerse Holdings Limited $17.8M — (loss-making) — — n/m −12,816.50% (below 0%: shrinking) — 0.00% Compare
Median of peers $37.1M — — +10.80% — −66.35% 32.23% 0.00%

All 53 Entertainment stocks →

Kartoon Studios, Inc. (TOON) key facts

  • Strength: Kartoon Studios, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $39.4 million, up 20.7% from fiscal 2024.
  • Kartoon Studios, Inc. (TOON) is an Entertainment company in the Communication Services sector, listed on NYSE American.
  • As of October 16, 2026, TOON traded at $0.52, a market capitalization of $33.6 million.
  • Return on equity was −76.7% and debt-to-equity 0.02.
  • Its Piotroski F-score is 4 out of 9 and its Altman Z-score is −14.59 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Kartoon Studios, Inc. (TOON) Latest News

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stockrow.com/TOON · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com