Kartoon Studios, Inc. (TOON) Financial Statements (2025 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)
| 3/31/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments, including: | 9,908 | 16,045 | 7,400 | 2,100 | 100,456 | 305 | |||
| Cash and cash equivalent | 7,879 | 4,095 | 7,432 | 2,058 | 100,456 | 305 | |||
| Short-term investments | 2,029 | 11,950 | 83,706 | 112,523 | |||||
| Other undisclosed cash, cash equivalents, and short-term investments | (83,738) | (112,481) | |||||||
| Receivables | 13,349 | 18,072 | 19,564 | 8,908 | 1,731 | 4,102 | |||
| Inventory, net of allowances, customer advances and progress billings | (9) | 9 | |||||||
| Inventory | (9) | 9 | |||||||
| Prepaid expense | 3,725 | 6,378 | |||||||
| Other undisclosed current assets | 11,407 | 22,992 | 112,561 | 121,452 | 9 | 230 | |||
| Total current assets: | 34,664 | 57,109 | 139,525 | 136,185 | 108,566 | 4,646 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 278 | 1,867 | 2,338 | ||||||
| Operating lease, right-of-use asset | 5,847 | 7,076 | 8,506 | 2,785 | 1,972 | 4,010 | |||
| Property, plant and equipment | 2,053 | 1,877 | 2,400 | 449 | 96 | 65 | |||
| Intangible assets, net (including goodwill) | 19,722 | 22,993 | 60,974 | 24,960 | 10,395 | 10,417 | |||
| Goodwill | 31,807 | 15,227 | 10,366 | 10,366 | |||||
| Intangible assets, net (excluding goodwill) | 19,722 | 22,993 | 29,167 | 9,733 | 29 | 52 | |||
| Other noncurrent assets | 117 | 125 | 148 | ||||||
| Other receivable, after allowance for credit loss | 2,384 | ✕ | ✕ | ✕ | ✕ | ||||
| Other undisclosed noncurrent assets | 20,402 | 20,389 | 24,027 | 9,704 | 13,172 | 10,275 | |||
| Total noncurrent assets: | 50,803 | 54,327 | 98,393 | 37,898 | 25,635 | 24,767 | |||
| TOTAL ASSETS: | 85,467 | 111,436 | 237,918 | 174,083 | 134,201 | 29,413 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 12,359 | 17,555 | 12,331 | 8,526 | 1,623 | 1,303 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 799 | 429 | 231 | ||
| Accounts payable | 11,954 | 16,864 | 11,436 | 7,192 | 786 | 946 | |||
| Accrued liabilities | 405 | 691 | 895 | 535 | 408 | 125 | |||
| Deferred revenue | 5,997 | 3,127 | 9,065 | 432 | 684 | 665 | |||
| Debt | 1,149 | 1,902 | 62,433 | 28 | 366 | 2,973 | |||
| Derivative instruments and hedges, liabilities | 63 | 548 | 855 | 1,197 | |||||
| Program rights obligations | 1,427 | 1,915 | 2,965 | 2,438 | 3,160 | 2,272 | |||
| Other liabilities | 1,065 | 255 | |||||||
| Due to related parties | ✕ | ✕ | ✕ | 2 | 63 | 2 | 1,084 | ||
| Other undisclosed current liabilities | 11,443 | 21,078 | 23,309 | 8,789 | 146 | ||||
| Total current liabilities: | 33,440 | 45,640 | 110,908 | 21,131 | 7,179 | 8,296 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 54 | 928 | 1,020 | 2,460 | 3,152 | 6,661 | |||
| Long-term debt, excluding current maturities | 1,100 | 3,092 | |||||||
| Finance lease, liability | 54 | 928 | 1,020 | ||||||
| Liabilities, other than long-term debt | 10,036 | 11,607 | 13,121 | 3,492 | 4,444 | ||||
| Deferred revenue | 3,371 | 3,458 | 3,369 | 3,492 | 4,444 | ||||
| Deferred income tax liabilities | 1,301 | 1,399 | 705 | ||||||
| Other liabilities | 5 | 14 | 952 | ||||||
| Operating lease, liability | 5,359 | 6,736 | 8,095 | 2,460 | 2,053 | 3,569 | |||
| Derivative instruments and hedges, liabilities | |||||||||
| Other undisclosed noncurrent liabilities | 5,477 | 2,347 | 2,621 | 925 | |||||
| Total noncurrent liabilities: | 15,567 | 12,535 | 14,141 | 8,299 | 7,825 | 12,030 | |||
| Total liabilities: | 49,007 | 58,175 | 125,049 | 29,430 | 15,004 | 20,327 | |||
| Equity | |||||||||
| Equity, attributable to parent | 34,971 | 51,570 | 111,079 | 142,729 | 119,197 | 9,087 | |||
| Preferred stock | 0 | ||||||||
| Common stock | 45 | 352 | 319 | 303 | 258 | 22 | |||
| Treasury stock, value | (340) | (339) | (290) | ||||||
| Additional paid in capital | 777,930 | 773,986 | 762,418 | 739,495 | 588,501 | 75,117 | |||
| Accumulated other comprehensive loss | (3,379) | (3,883) | (9,925) | (1,221) | (5) | (5) | |||
| Accumulated deficit | (739,285) | (718,546) | (641,443) | (595,848) | (469,557) | (66,047) | |||
| Equity, attributable to noncontrolling interest | 1,489 | 1,691 | 1,790 | 1,924 | |||||
| Total equity: | 36,460 | 53,261 | 112,869 | 144,653 | 119,197 | 9,087 | |||
| TOTAL LIABILITIES AND EQUITY: | 85,467 | 111,436 | 237,918 | 174,083 | 134,201 | 29,413 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 32,591 | 44,085 | 62,299 | 7,873 | 2,482 | 5,908 | ||
| Gain (loss) on disposition of assets for financial service operations | 600 | (8,996) | (613) | 5,870 | ||||
| Other income | 5,900 | |||||||
| Cost of revenue (Cost of Product and Service Sold) | (4,568) | |||||||
| Gross profit: | 32,591 | 44,085 | 62,299 | 7,873 | 2,482 | 1,339 | ||
| Operating expenses | (49,587) | (116,455) | (106,019) | (71,626) | (20,364) | (12,414) | ||
| Other undisclosed operating income | 4,568 | |||||||
| Operating loss: | (16,996) | (72,370) | (43,720) | (63,753) | (17,882) | (6,506) | ||
| Nonoperating income (expense) | 2,670 | (2,679) | 1,625 | (62,594) | (383,787) | (4,975) | ||
| Investment income, nonoperating | 1,700 | |||||||
| Gain (loss), foreign currency transaction, before tax | (1,038) | 0 | ||||||
| Other nonoperating income | 2,008 | 978 | 6 | 15 | ||||
| Interest and debt expense | (87) | (3,126) | (2,329) | (20) | (171,836) | (4,433) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 171,836 | 4,433 | ||||||
| Loss from continuing operations before equity method investments, income taxes: | (14,413) | (78,175) | (44,424) | (126,367) | (401,670) | (11,481) | ||
| Other undisclosed loss from continuing operations before income taxes | (6,571) | |||||||
| Loss from continuing operations before income taxes: | (20,984) | (78,175) | (44,424) | (126,367) | (401,670) | (11,481) | ||
| Income tax expense (benefit) | 43 | 973 | (105) | |||||
| Other undisclosed income from continuing operations | ||||||||
| Loss from continuing operations: | (20,941) | (77,202) | (44,529) | (126,367) | (401,670) | (11,481) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (126,367) | (401,670) | (11,481) | |
| Net loss: | (20,941) | (77,202) | (44,529) | (126,367) | (401,670) | (11,481) | ||
| Net income (loss) attributable to noncontrolling interest | 202 | 99 | (1,066) | |||||
| Net loss attributable to parent: | (20,739) | (77,103) | (45,595) | (126,367) | (401,670) | (11,481) | ||
| Preferred stock dividends and other adjustments | (3,380) | |||||||
| Other undisclosed net income available to common stockholders, basic | 76 | |||||||
| Net loss available to common stockholders, diluted: | (20,739) | (77,103) | (45,595) | (126,291) | (401,670) | (14,862) | ||
Comprehensive Income ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (20,941) | (77,202) | (44,529) | (126,367) | (401,670) | (11,481) | ||
| Other comprehensive income (loss) | 504 | 6,042 | (8,704) | (1,221) | ||||
| Comprehensive loss: | (20,437) | (71,160) | (53,233) | (127,588) | (401,670) | (11,481) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 202 | 99 | (1,066) | 76 | ||||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (3,380) | |||||||
| Comprehensive loss, net of tax, attributable to parent: | (20,235) | (71,061) | (54,299) | (127,512) | (401,670) | (14,862) | ||
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.