Cheer Holding, Inc. key statistics and ratios

In fiscal 2025, Cheer Holding, Inc. had return on equity of 7.6% and a net margin of 17.2%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Cheer Holding, Inc.: financial ratios, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Net margin	40.0%	39.6%	23.1%	17.1%	20.0%	17.6%	17.2%
Return on equity	42.6%	59.1%	26.8%	16.2%	13.5%	8.9%	7.6%
Return on assets	33.0%	43.9%	20.8%	13.4%	11.4%	7.7%	6.8%
Effective tax rate	0.7%	3.3%	2.7%	1.5%	0.2%	−0.1%	0.3%
R&D as % of revenue	1.1%	0.6%	0.6%	0.8%	1.1%	2.3%	3.5%

US$ thousands unless shown otherwise. Fiscal quarters.

Cheer Holding, Inc.: financial ratios, quarterly
Quarter	2019 Q1Mar 2019	2020 Q1Mar 2020
Net margin	30.1%	29.7%
R&D as % of revenue	1.4%	2.1%
SG&A as % of revenue	0.1%	—

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

3 of 3 checks passed · December 31, 2025

What it owns · $402m

Short-term assets $367mLonger-term assets $35m

What it owes, and who funded it · $402m

Short-term liabilities $32mLonger-term liabilities $0mShareholders' equity $370m

Short-term assets cover short-term liabilities $367m of assets due within a year against $32m of liabilities due within a year.
Short-term assets cover long-term liabilities $367m short-term assets against $134,000 of longer-dated liabilities.
More cash than debt Cash or debt not separately reported. Not assessable.
Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
Operating profit covers interest at least five times over Operating income of $26m against $366,000 of interest.

From Cheer Holding, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Cheer Holding, Inc.'s SEC filings (10-K and 10-Q), retrieved October 31, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Cheer Holding, Inc.