Kartoon Studios, Inc. (TOON) Financial Statements (2026 and earlier)

Company Profile

Business Address 190 N. CANON
BEVERLY HILLS, CA 90210
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 7812 - Motion Picture and Video Tape Production (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:2,9439,90816,0457,4002,100100,456
Cash and cash equivalent2,9437,8794,0957,4322,058100,456
Short-term investments  2,02911,95083,706112,523 
Other undisclosed cash, cash equivalents, and short-term investments    (83,738)(112,481) 
Receivables11,20313,34918,07219,5648,9081,731
Inventory, net of allowances, customer advances and progress billings      (9)
Inventory      (9)
Prepaid expense     3,7256,378
Other undisclosed current assets21,61911,40722,992112,561121,4529
Total current assets:35,76534,66457,109139,525136,185108,566
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization3122781,8672,338  
Operating lease, right-of-use asset5,1145,8477,0768,5062,7851,972
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization1,6352,0531,8772,40044996
Intangible asset, including goodwill, after accumulated amortization17,60419,72222,99360,97424,96010,395
Goodwill    31,80715,22710,366
Intangible asset, excluding goodwill, after accumulated amortization17,60419,72222,99329,1679,73329
Other noncurrent assets118117125148  
Other receivable, after allowance for credit loss  2,384 ✕✕✕
Other undisclosed noncurrent assets10,35920,40220,38924,0279,70413,172
Total noncurrent assets:35,14250,80354,32798,39337,89825,635
TOTAL ASSETS:70,90785,467111,436237,918174,083134,201
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities12,85912,35917,55512,3318,5261,623
Employee-related liabilities✕✕✕✕✕799429
Accounts payable12,11511,95416,86411,4367,192786
Accrued liabilities744405691895535408
Deferred revenue4,3915,9973,1279,065432684
Debt1561,1491,90262,43328366
Derivative instruments and hedges, liabilities   635488551,197
Program rights obligations11,8191,4271,9152,9652,4383,160
Other liabilities7501,065 255  
Due to related parties✕✕✕✕2632
Other undisclosed current liabilities3,47611,44321,07823,3098,789146
Total current liabilities:33,45133,44045,640110,90821,1317,179
Noncurrent Liabilities
Long-term debt and lease obligation144549281,0202,4603,152
Long-term debt, excluding current maturities      1,100
Finance lease, liability144549281,020  
Liabilities, other than long-term debt9,09010,03611,60713,1213,492 
Deferred revenue3,3693,3713,4583,3693,492 
Deferred income tax liabilities1,2251,3011,399705  
Other liabilities8514952  
Operating lease, liability4,4885,3596,7368,0952,4602,053
Other undisclosed noncurrent liabilities6895,477  2,3472,621
Total noncurrent liabilities:9,92315,56712,53514,1418,2997,825
Total liabilities:43,37449,00758,175125,04929,43015,004
Equity
Equity, attributable to parent26,21034,97151,570111,079142,729119,197
Common stock5545352319303258
Treasury stock, value(604)(340)(339)(290)  
Additional paid in capital793,814777,930773,986762,418739,495588,501
Accumulated other comprehensive loss(3,238)(3,379)(3,883)(9,925)(1,221)(5)
Accumulated deficit(763,817)(739,285)(718,546)(641,443)(595,848)(469,557)
Equity, attributable to noncontrolling interest1,3231,4891,6911,7901,924 
Total equity:27,53336,46053,261112,869144,653119,197
TOTAL LIABILITIES AND EQUITY:70,90785,467111,436237,918174,083134,201

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues39,35332,59144,08562,2997,8732,482
Gain (loss) on disposition of assets for financial service operations37,474600(8,996)(613)5,870 
Other income100   5,900 
Gross profit:39,35332,59144,08562,2997,8732,482
Operating expenses(52,269)(49,587)(116,455)(106,019)(71,626)(20,364)
Operating loss:(12,916)(16,996)(72,370)(43,720)(63,753)(17,882)
Nonoperating income (expense)(11,261)2,670(2,679)1,625(62,594)(383,787)
Investment income, nonoperating 1,700    
Gain (loss), foreign currency transaction, before tax  (1,038)   0
Other nonoperating income (expense)(11,261)2,0089786  
Interest and debt expense(1,753)(87)(3,126)(2,329)(20)(171,836)
Other undisclosed income from continuing operations before equity method investments, income taxes      171,836
Loss from continuing operations before equity method investments, income taxes:(25,930)(14,413)(78,175)(44,424)(126,367)(401,670)
Other undisclosed income (loss) from continuing operations before income taxes1,097(6,571)    
Loss from continuing operations before income taxes:(24,833)(20,984)(78,175)(44,424)(126,367)(401,670)
Income tax expense (benefit) 13543973(105)  
Other undisclosed income from continuing operations      
Loss from continuing operations:(24,698)(20,941)(77,202)(44,529)(126,367)(401,670)
Loss before gain (loss) on sale of properties:✕✕✕✕✕(126,367)(401,670)
Other undisclosed net income      
Net loss:(24,698)(20,941)(77,202)(44,529)(126,367)(401,670)
Net income (loss) attributable to noncontrolling interest16620299(1,066)  
Net loss attributable to parent:(24,532)(20,739)(77,103)(45,595)(126,367)(401,670)
Other undisclosed net income available to common stockholders, basic     76 
Net loss available to common stockholders, diluted:(24,532)(20,739)(77,103)(45,595)(126,291)(401,670)

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net loss:(24,698)(20,941)(77,202)(44,529)(126,367)(401,670)
Other comprehensive income (loss)1415046,042(8,704)(1,221) 
Comprehensive loss:(24,557)(20,437)(71,160)(53,233)(127,588)(401,670)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest16620299(1,066)76 
Comprehensive loss, net of tax, attributable to parent:(24,391)(20,235)(71,061)(54,299)(127,512)(401,670)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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