Cheer Holding, Inc. (CHR) Income Statement
CHR 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCHR revenue and net income
Where CHR's revenue goes
2025Each bar shows an amount and its share of revenue. CHR kept 17.2% of revenue as net income.
CHR profit margins
CHR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +1.1% | −1.8% | +3.8% | — |
| Gross profit | −2.0% | −3.2% | +4.4% | — |
| Operating income | +2.7% | −0.5% | −3.0% | — |
| Net income | −1.3% | −1.6% | −12.2% | — |
| EPS (diluted) | +3,064.8% | +319.2% | +123.9% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CHR quarterly EPS vs estimates
Cheer beat the analyst EPS estimate in 5 of the last 5 quarters.
CHR income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $148.8M | $147.2M | $152.3M | $157.1M | $153.0M | $123.8M | $65.8M | $57.8M | $33.2M |
| Cost of revenue | $43.2M | $39.4M | $39.5M | $40.6M | $34.9M | $38.5M | $31.9M | $37.4M | $19.4M |
| Gross profit | $105.6M | $107.8M | $112.8M | $116.5M | $118.1M | $85.3M | $33.9M | $20.4M | $13.8M |
| Research & development | $5.2M | $3.4M | $1.6M | $1.3M | $920,000 | $691,000 | $749,000 | $502,000 | $166,000 |
| Sales, general & admin | $74.2M | $78.8M | $81.9M | $88.4M | $80.9M | $53.9M | $6.3M | $6.5M | $3.4M |
| Total operating expenses | $79.3M | $82.2M | $83.5M | $89.8M | $81.8M | $54.6M | $7.0M | $7.0M | $3.5M |
| Operating income | $26.3M | $25.6M | $29.3M | $26.7M | $36.3M | $30.7M | $26.8M | $13.5M | $10.3M |
| Interest expense | — | — | — | $93,000 | $513,000 | $282,000 | $295,000 | $497,000 | $45,000 |
| Income before taxes | $25.7M | $25.9M | $30.6M | $26.9M | $36.3M | $50.6M | $26.6M | $13.3M | $10.2M |
| Income taxes | $73,000 | −$34,000 | $61,000 | $413,000 | $976,000 | $1.7M | $191,000 | $241,000 | −$789,000 |
| Net income | $25.6M | $26.0M | $30.5M | $26.9M | $35.3M | $49.0M | $26.3M | $12.9M | $11.0M |
| EBITDA | $33.3M | $29.4M | $33.1M | $30.1M | $39.4M | $54.3M | $27.9M | $14.1M | $10.4M |
| EPS (diluted) | $40.51 | $1.28 | $151.33 | $0.55 | $0.81 | $0.72 | $0.11 | $0.05 | — |
| Gross margin | 71.0% | 73.2% | 74.0% | 74.2% | 77.2% | 68.9% | 51.5% | 35.4% | 41.5% |
| Operating margin | 17.7% | 17.4% | 19.2% | 17.0% | 23.7% | 24.8% | 40.8% | 23.3% | 30.9% |
| Net margin | 17.2% | 17.6% | 20.0% | 17.1% | 23.1% | 39.6% | 40.0% | 22.3% | 33.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '24 | Dec '23 | Jun '23 | Dec '22 | Jun '22 | Jun '20 | Mar '20 | Dec '19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $30.3M | $30.3M | $38.9M | $38.9M | $71.1M | $84.9M | $67.4M | $87.1M | $69.9M | $19.7M | $9.8M | $0 |
| Cost of revenue | $7.1M | $7.1M | $11.2M | $11.2M | $18.9M | $22.6M | $16.9M | $26.0M | $14.6M | $5.4M | $5.0M | — |
| Gross profit | $23.2M | $23.2M | $27.7M | $27.7M | $52.2M | $62.3M | $50.5M | $61.1M | $55.4M | $14.3M | $4.8M | — |
| Research & development | $1.6M | $1.6M | $1.4M | $1.4M | $1.4M | $994,000 | $641,000 | $799,000 | $532,000 | $130,000 | $206,000 | — |
| Sales, general & admin | $16.4M | $16.4M | $17.3M | $17.3M | — | — | — | — | — | $5.6M | $1.7M | — |
| Total operating expenses | $18.0M | $18.0M | $18.7M | $18.7M | $40.5M | $41.7M | $41.8M | $44.9M | $44.8M | $5.7M | $1.9M | $917,646 |
| Operating income | $5.2M | $5.2M | $9.0M | $9.0M | $11.6M | $20.6M | $8.7M | $16.2M | $10.5M | $8.6M | $2.9M | −$917,646 |
| Interest expense | — | — | — | — | — | $29,000 | — | $33,000 | $60,000 | $82,000 | $87,000 | — |
| Income before taxes | $5.4M | $5.4M | $9.0M | $9.0M | $11.8M | $21.8M | $8.8M | $16.5M | $10.8M | $8.6M | $2.8M | $312,177 |
| Income taxes | $1.4M | $1.4M | $38,500 | $38,500 | −$578,000 | $24,000 | $37,000 | $459,000 | −$46,000 | −$459,000 | −$5,000 | — |
| Net income | $4.0M | $4.0M | $8.9M | $8.9M | $12.4M | $21.7M | $8.7M | $16.1M | $10.8M | $9.1M | $2.9M | $312,177 |
| EBITDA | $7.0M | $12.1M | $12.5M | $12.5M | $13.3M | $24.0M | $10.3M | $16.3M | $10.7M | $8.7M | $6.8M | $312,177 |
| EPS (diluted) | — | — | — | — | — | — | — | $0.39 | $0.16 | $0.16 | $0.06 | $0.01 |
| Gross margin | 76.7% | 76.7% | 71.2% | 71.2% | 73.4% | 73.4% | 74.9% | 70.2% | 79.2% | 72.6% | 48.8% | — |
| Operating margin | 17.3% | 17.3% | 23.1% | 23.1% | 16.4% | 24.2% | 12.9% | 18.6% | 15.0% | 43.6% | 29.7% | — |
| Net margin | 13.3% | 13.3% | 22.9% | 22.9% | 17.5% | 25.6% | 13.0% | 18.5% | 15.5% | 46.2% | 29.7% | — |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CHR's financial statements (latest annual report filed March 20, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CHR financial results
In fiscal year 2025 (ended December 31, 2025), Cheer reported revenue of $148.8 million, up 1.1% from the year before. It had net income of $25.6 million (down 1.3%), a net profit margin of 17.2%. Diluted earnings per share came to $40.51. Over five years revenue grew at an average rate of 3.8% a year.
See the CHR stock overview for the latest quote and news, or the CHR chart for price history and technical indicators.
CHR income statement FAQ
What is Cheer's annual revenue?
Cheer reported total revenue of $148.8 million for fiscal year 2025, which ended on December 31, 2025. That was up 1.1% from $147.2 million the previous year.
Is Cheer profitable?
Yes. Cheer reported net income of $25.6 million in fiscal 2025, a net profit margin of 17.2%; its operating margin was 17.7%.
What is Cheer's gross margin?
Cheer's gross margin was 71.0% in fiscal 2025: for every $100 of revenue, Cheer kept $71 after the direct cost of its products and services.
How much does Cheer spend on research and development?
Cheer spent $5.2 million on research and development in fiscal 2025, 3.5% of revenue.
How fast is Cheer growing?
Revenue grew 3.8% a year on average over the last five fiscal years, from $123.8 million to $148.8 million.
What are Cheer's earnings per share?
Cheer earned $40.51 per diluted share in fiscal 2025, compared with $1.28 a year earlier.
When does Cheer's fiscal year end?
Cheer's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 20, 2026.