Kartoon Studios, Inc. income statement
In fiscal 2025, Kartoon Studios, Inc. reported revenue of $39.4m, up 20.7% on the year before, operating income of −$12.9m (a -32.8% margin) and net income of −$24.5m, or −$0.49 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4 | 6 | 7 | 3 | 1 | 1 | 1 | 5 | 1 | 6 | 2 | 8 | 62 | 44 | 33 | 39 | 33 |
| Cost of revenue | — | — | — | — | 1 | 0 | 0 | 4 | 2 | 5 | — | — | — | — | — | — | — |
| Gross profit | 2 | 2 | 2 | 1 | 0 | 1 | 1 | 1 | −1 | 1 | — | — | — | — | — | — | — |
| Selling and marketing | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 5 | 2 | 3 | 1 | 1 | 1 |
| General and administrative | 0 | 0 | 1 | 0 | 1 | 4 | 6 | 5 | 5 | 7 | 17 | 36 | 46 | 35 | 25 | 24 | 22 |
| Operating income | −1 | −1 | −2 | −2 | −3 | −4 | −6 | −5 | −8 | −7 | −18 | −64 | −44 | −72 | −17 | −13 | −13 |
| Interest expense | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 2 | 3 | 1 | 1 | 1 |
| Income before tax | −1 | −1 | −2 | −7 | −4 | −3 | −6 | −5 | −9 | −11 | −402 | −126 | −44 | −78 | −21 | −25 | — |
| Income tax | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −1 | −0 | −0 | 0 |
| Net income | −1 | −1 | −2 | −7 | −4 | −3 | −6 | −5 | −9 | −11 | −402 | −126 | −46 | −77 | −21 | −25 | 9 |
| Diluted EPS | −$7.50 | −$0.01 | −$0.23 | −$76.50 | −$0.30 | −$14.55 | −$0.80 | −$0.41 | −$0.54 | −$6.25 | −$14.10 | −$4.24 | −$1.45 | −$2.29 | −$0.54 | −$0.49 | $0.15 |
| Diluted shares (average) | — | — | — | — | — | — | — | 1m | 2m | 2m | 28m | 30m | 31m | 34m | 38m | 50m | 60m |
| EBITDA | −0 | −1 | −2 | −2 | −3 | −3 | −6 | −5 | −8 | −6 | −18 | −63 | −41 | −70 | −15 | −10 | −11 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 9 | 9 | 10 | 10 | 10 | 10 | 7 | 6 |
| Selling and marketing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| General and administrative | 5 | 6 | 6 | 6 | 6 | 6 | 5 | 4 |
| Operating income | −3 | −3 | −3 | −3 | −3 | −4 | −3 | −3 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income before tax | −2 | −6 | −7 | −6 | — | — | — | 28 |
| Income tax | 0 | −1 | 0 | 0 | 0 | −0 | 0 | 1 |
| Net income | −2 | −6 | −7 | −6 | −7 | −5 | −6 | 27 |
| Diluted EPS | −$0.05 | −$0.14 | −$0.14 | −$0.13 | −$0.14 | −$0.08 | −$0.10 | $0.38 |
| EBITDA | −2 | −3 | −2 | −3 | −2 | −3 | −2 | −3 |
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