Kustom Entertainment, Inc. key statistics and ratios

In fiscal 2025, Kustom Entertainment, Inc. had an operating margin of -79.1%, debt equal to 52.0% of equity and a current ratio of 0.86. 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.

Kustom Entertainment, Inc.: financial ratios, annual
Fiscal year	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Gross margin	48.1%	44.8%	53.8%	56.7%	56.9%	41.7%	32.0%	31.2%	35.1%	31.0%	38.6%	26.4%	6.3%	20.4%	23.1%	9.8%	−1.4%
Operating margin	15.0%	−18.5%	−9.6%	−12.6%	−16.6%	−38.0%	−75.3%	−76.8%	−93.5%	−57.8%	−72.9%	−68.9%	−80.4%	−78.7%	−84.2%	−79.1%	−74.7%
Net margin	26.0%	−20.2%	−11.2%	−14.0%	−52.5%	−60.1%	−76.7%	−84.0%	−137.7%	−95.8%	−25.0%	119.2%	−51.0%	−90.9%	−146.8%	−48.5%	−126.1%
Free-cash-flow margin	−2.5%	4.2%	−4.7%	−4.7%	−20.7%	−40.5%	−37.7%	−45.8%	−80.2%	−12.7%	−132.2%	−113.3%	−55.8%	—	−38.0%	−63.0%	−28.6%
Return on equity	53.7%	−36.9%	−22.9%	−33.4%	−137.6%	−96.2%	−95.9%	—	—	—	−65.3%	72.7%	−40.9%	−107.5%	—	—	—
Return on assets	37.2%	−25.6%	−14.7%	−19.0%	−57.5%	−56.9%	−60.1%	−76.6%	−113.0%	−86.1%	−17.7%	49.2%	−27.0%	−49.5%	−53.1%	−28.4%	−91.2%
Asset turnover	1.43	1.26	1.32	1.35	1.09	0.95	0.78	0.91	0.82	0.90	0.71	0.41	0.53	0.54	0.36	0.58	0.72
Current ratio	2.99	7.05	4.72	3.61	1.67	7.25	3.35	1.17	2.88	1.11	4.79	2.44	1.85	0.69	0.35	0.86	0.80
Debt to equity	12.3%	25.3%	60.8%	65.6%	91.3%	—	51.6%	—	—	—	1.1%	2.0%	2.6%	77.0%	—	52.0%	44.1%
Interest cover (operating income ÷ interest)	—	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m
R&D as % of revenue	13.6%	14.2%	14.4%	20.6%	16.7%	14.9%	19.2%	21.6%	12.8%	19.2%	17.5%	9.0%	6.2%	9.3%	9.9%	4.0%	—
SG&A as % of revenue	63.2%	63.3%	63.4%	69.3%	73.4%	79.7%	107.3%	108.0%	128.6%	88.7%	111.5%	95.4%	86.6%	99.1%	107.3%	88.9%	73.2%
Capital spending as % of revenue	1.4%	0.6%	2.2%	1.5%	2.5%	2.1%	2.1%	2.2%	0.4%	2.0%	5.9%	30.0%	5.6%	—	0.2%	1.9%	1.7%
Free cash flow ÷ net income	−9.8%	—	—	—	—	—	—	—	—	—	—	−95.0%	—	—	—	—	—

US$ thousands unless shown otherwise. Fiscal quarters.

Kustom Entertainment, Inc.: financial ratios, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Gross margin	42.9%	—	36.3%	−54.3%	30.2%	—	14.0%	−21.9%
Operating margin	−182.2%	—	−31.4%	−131.6%	−24.7%	—	−30.1%	−53.0%
Net margin	−85.7%	—	136.4%	−159.0%	−22.5%	—	−136.4%	−84.5%
Free-cash-flow margin	−16.7%	—	−185.5%	−107.2%	−8.7%	—	−30.8%	−49.9%
Current ratio	0.52	0.35	1.32	1.01	0.99	0.86	0.99	0.80
Debt to equity	—	—	6.4%	9.1%	13.4%	35.7%	15.3%	28.1%
R&D as % of revenue	5.2%	—	2.7%	6.4%	3.0%	—	3.3%	—
SG&A as % of revenue	225.1%	—	67.7%	77.3%	55.0%	—	44.1%	31.2%

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 7 checks passed · June 30, 2026

What it owns · $18m

Short-term assets $8mLonger-term assets $9m

What it owes, and who funded it · $18m

Short-term liabilities $10mLonger-term liabilities $5mShareholders' equity $2m

Short-term assets cover short-term liabilities $8m of assets due within a year against $10m of liabilities due within a year.
Short-term assets cover long-term liabilities $8m short-term assets against $5m of longer-dated liabilities.
More cash than debt $830,193 of cash against $639,329 of debt.
Debt below 40% of shareholders' equity Debt is 28% of equity.
Debt burden no higher than five years ago Debt to equity moved from 1% to 28% over five years.
A year's operating cash flow covers at least 20% of debt −$4m of operating cash flow against $639,329 of debt.
Operating profit covers interest at least five times over Operating income of −$10m against $328,897 of interest.

From Kustom Entertainment, 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

11 /100

Weak moat

How hard Kustom Entertainment's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 0 / 20

Cash operating profit has been a median -41.8% of total assets over 10 years.
Pricing power 1 / 20

Gross margin has been a median 24.2%, moving by 12.7 percentage points (standard deviation) across 10 years.
Durability 10 / 20

Operating margin has been a median -79.7%; its worst year was -102.6%.
Cash conversion 0 / 20

Free cash flow was positive in 0 of 10 years, at a median -50.8% of revenue.
Discipline 5 / 20

The diluted share count rose 978.5% over five years; stock-based pay has been a median 6.3% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (16 before it).

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

Compare with peers

Head to head: KUST vs SLE IPDN vs KUST DJT vs KUST

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Figures from Kustom Entertainment, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Kustom Entertainment, Inc.