Kartoon Studios Inc. (TOON) Income Statement
TOON 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsTOON revenue and net income
Where TOON's revenue goes
2025Each bar shows an amount and its share of revenue. TOON kept −62.3% of revenue as net income.
TOON profit margins
TOON growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +20.7% | −14.2% | +73.8% | +45.8% |
| Gross profit | +32.4% | −1.1% | +103.5% | +33.3% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TOON quarterly EPS vs estimates
Kartoon Studios beat the analyst EPS estimate in 0 of the last 1 quarters. Next report: November 13, 2026.
TOON income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $39.4M | $32.6M | $44.1M | $62.3M | $7.9M | $2.5M | $5.9M | $993,452 | $5.3M | $866,875 |
| Cost of revenue | $26.8M | $23.1M | $40.4M | $49.4M | $22.0M | $2.1M | $4.6M | $1.6M | $4.4M | $421,904 |
| Gross profit | $12.5M | $9.5M | $3.7M | $12.9M | −$14.1M | $359,000 | $1.3M | −$631,579 | $952,385 | $444,971 |
| Sales, general & admin | $24.7M | $26.5M | $38.0M | $47.7M | $41.4M | $18.2M | $7.8M | $5.7M | $5.8M | $6.9M |
| Total operating expenses | $24.7M | $26.5M | $76.1M | $56.7M | $49.6M | $18.2M | $7.8M | $5.6M | $5.9M | $6.9M |
| Operating income | −$12.1M | −$17.0M | −$72.4M | −$43.7M | −$63.8M | −$17.9M | −$6.5M | −$6.3M | −$4.9M | −$6.5M |
| Interest income | $76,000 | $168,000 | $622,000 | $1.0M | $559,000 | $144,898 | — | — | — | — |
| Interest expense | $678,000 | $866,000 | $3.3M | $2.4M | $20,000 | $1.2M | $807,205 | $1.0M | $3,227 | $11,178 |
| Income before taxes | −$24.8M | −$21.0M | −$78.2M | −$44.4M | −$126.4M | −$401.7M | −$11.5M | −$9.0M | −$4.9M | −$6.2M |
| Income taxes | −$135,000 | −$43,000 | −$973,000 | $105,000 | −$76,003 | $1 | $4 | −$2 | −$1 | $5 |
| Net income | −$24.5M | −$20.7M | −$77.1M | −$45.6M | −$126.3M | −$401.7M | −$11.5M | −$9.0M | −$4.9M | −$6.2M |
| EBITDA | −$19.6M | −$15.7M | −$68.9M | −$31.1M | −$124.1M | −$399.1M | −$8.1M | −$6.8M | −$2.2M | −$5.9M |
| EPS (diluted) | −$0.49 | −$2.39 | −$2.19 | −$0.61 | −$8.15 | −$16.30 | −$7.17 | −$9.61 | −$19.66 | −$15.56 |
| Gross margin | 31.8% | 29.0% | 8.4% | 20.8% | −179.3% | 14.5% | 22.7% | −63.6% | 17.8% | 51.3% |
| Operating margin | −30.9% | −52.1% | −164.2% | −70.2% | −809.8% | −720.2% | −110.1% | −630.5% | −92.1% | −745.8% |
| Net margin | −62.3% | −63.6% | −174.9% | −73.2% | −1,604.1% | −16,176.8% | −194.3% | −906.3% | −92.0% | −716.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.8M | $0 | $9.7M | $9.9M | $10.3M | $9.5M | $9.4M | $8.7M | $8.4M | $6.1M | $8.8M | $10.1M |
| Cost of revenue | $4.6M | $5.7M | $5.2M | $6.9M | $7.1M | $6.7M | $7.2M | $5.8M | $5.8M | $4.3M | $5.4M | $13.5M |
| Gross profit | $1.2M | −$24.4M | $4.5M | $3.0M | $3.2M | $2.8M | $2.2M | $2.9M | $2.5M | $1.8M | $3.5M | −$3.4M |
| Sales, general & admin | $4.6M | $5.1M | $6.5M | $5.9M | $6.4M | $5.9M | $5.7M | $5.5M | $7.2M | $8.0M | $8.8M | $9.2M |
| Total operating expenses | $4.6M | $4.4M | $7.5M | $5.9M | $6.4M | $5.9M | $5.7M | $5.5M | $7.2M | $8.0M | $32.6M | $9.2M |
| Operating income | −$3.4M | −$28.8M | −$3.0M | −$2.9M | −$3.2M | −$3.1M | −$3.5M | −$2.5M | −$4.7M | −$6.3M | −$29.2M | −$12.6M |
| Interest income | $47,000 | $35,000 | $5,000 | $5,000 | $12,000 | $54,000 | $33,000 | $40,000 | $42,000 | $53,000 | $59,000 | $95,000 |
| Interest expense | $175,000 | $237,000 | $212,000 | $163,000 | $171,000 | $132,000 | $167,000 | $196,000 | $270,000 | $233,000 | $386,000 | $720,000 |
| Income before taxes | $27.5M | −$6.4M | −$5.5M | −$6.5M | −$6.3M | −$6.6M | −$5.9M | −$2.1M | −$5.9M | −$7.1M | −$25.4M | −$15.5M |
| Income taxes | −$573,000 | — | −$135,000 | — | — | −$65,000 | −$43,000 | −$64,000 | −$50,000 | −$19,000 | −$39,000 | −$36,000 |
| Net income | $28.1M | −$6.4M | −$5.3M | −$6.6M | −$6.2M | −$6.5M | −$5.8M | −$2.1M | −$5.9M | −$7.0M | −$25.4M | −$15.5M |
| EBITDA | $28.9M | −$4.9M | −$3.6M | −$5.4M | −$5.2M | −$5.5M | −$4.7M | −$874,000 | −$4.6M | −$5.6M | −$5.2M | −$13.3M |
| EPS (diluted) | $0.38 | −$0.10 | — | −$0.14 | −$0.13 | −$0.14 | −$0.14 | −$0.05 | −$0.15 | −$0.61 | — | −$0.44 |
| Gross margin | 20.4% | — | 46.7% | 29.9% | 30.8% | 29.7% | 23.6% | 33.8% | 30.3% | 28.8% | 39.2% | −33.8% |
| Operating margin | −58.6% | — | −30.5% | −29.3% | −31.3% | −32.4% | −37.1% | −29.2% | −55.6% | −103.6% | −331.3% | −125.1% |
| Net margin | 482.0% | — | −54.4% | −66.5% | −60.0% | −68.7% | −61.2% | −23.6% | −70.1% | −115.9% | −288.0% | −153.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TOON's financial statements (latest annual report filed March 31, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TOON financial results
In fiscal year 2025 (ended December 31, 2025), Kartoon Studios reported revenue of $39.4 million, up 20.7% from the year before. It had a net loss of $24.5 million, a net profit margin of −62.3%. Diluted earnings per share came to −$0.49. Over five years revenue grew at an average rate of 73.8% a year.
See the TOON stock overview for the latest quote and news, or the TOON chart for price history and technical indicators.
TOON income statement FAQ
What is Kartoon Studios's annual revenue?
Kartoon Studios reported total revenue of $39.4 million for fiscal year 2025, which ended on December 31, 2025. That was up 20.7% from $32.6 million the previous year.
Is Kartoon Studios profitable?
No. Kartoon Studios reported a net loss of $24.5 million in fiscal 2025, a net profit margin of −62.3%; its operating margin was −30.9%.
What is Kartoon Studios's gross margin?
Kartoon Studios's gross margin was 31.8% in fiscal 2025: for every $100 of revenue, Kartoon Studios kept $32 after the direct cost of its products and services.
How fast is Kartoon Studios growing?
Revenue grew 73.8% a year on average over the last five fiscal years, from $2.5 million to $39.4 million.
What are Kartoon Studios's earnings per share?
Kartoon Studios earned $-0.49 per diluted share in fiscal 2025, compared with $-2.39 a year earlier.
When will Kartoon Studios report its next earnings?
Kartoon Studios is expected to report results for the quarter ending September 30, 2026 on November 13, 2026.
When does Kartoon Studios's fiscal year end?
Kartoon Studios's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 31, 2026.