Liveone vs Kartoon Studios
Liveone is the larger business, with $77.1m of revenue in fiscal 2026 against $39.4m for Kartoon Studios (2.0 times as much). Kartoon Studios grew faster (20.7% against -32.6%). Liveone kept more of each dollar of sales as profit: a net margin of -27.2% against -62.3%.
| Latest fiscal year | LiveoneLVO, 2026 | Kartoon StudiosTOON, 2025 |
|---|---|---|
| Revenue | $77.1m | $39.4m |
| Revenue growth | -32.6% | 20.7% |
| Net income | −$21.0m | −$24.5m |
| Operating margin | — | -32.8% |
| Net margin | -27.2% | -62.3% |
| Return on equity | — | -80.2% |
| Free cash flow | −$13.7m | −$11.6m |
| Cash | $5.4m | $2.9m |
| Total debt | $14.6m | $0 |
| Debt to equity | — | 0.0% |
| Dividend per share | — | — |
| Dividend yield | 0.0% | — |
| Share buybacks | $599,000 | — |
| Employees | 86 | — |
| Market value | $34.9m | $32.6m |
| Price vs our value range | — | — |
| Moat score | 7 (Weak) | 15 (Weak) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 0 sales |