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Kartoon Studios (TOON) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 14, 2026 · Kartoon Studios (TOON) Q2 2026 earnings results →
Q2 2026 Revenue down 43% year over year to $5.8M · 463¢ of every $1 of revenue kept as net profit · operating margin -58.6%
Kartoon Studios made $5.8M in Q2 2026 (-43% Y/Y): Production Services $3.5M, Content Distribution $1.9M, Media Advisory and Advertising Services $448K. Operating margin -58.6%, net earnings $26.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $5.8M in Q2 2026, down 43% year over year and down 20% from the previous quarter. Production Services was the largest line at 59% of revenue. Production Services lost $3.9M year over year (down 53%), 87% of the total change.
Operating costs exceeded revenue by $3.4M, an operating margin of -58.6%. Total costs fell 32% while revenue fell 43%. Net earnings were $27.0M ($26.9M including minority interests, which bore $36K of losses). The effective tax rate was 2.1%. Non-operating items added $30.9M, 112% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $34.3M, 127% of net earnings. Non-cash charges added back $668K of depreciation and amortization. Working capital and other items added $6.7M. Capital expenditures of $42K left free cash flow of $34.2M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 14, 2026 | $5.8M | -43% | -58.6% | $26.9M | $34.3M |
| Q1 2026 | 10-Q | May 15, 2026 | $7.2M | -24% | -38.7% | −$6.4M | −$2.9M |
| Q4 2025 | 10-K | Mar 31, 2026 | $9.7M | +3% | -38.4% | −$5.3M | $381K |
| Q3 2025 | 10-Q | Nov 14, 2025 | $9.9M | +13% | -29.3% | −$6.5M | −$5.5M |
| Q2 2025 | 10-Q | Aug 14, 2025 | $10.3M | +23% | -31.3% | −$6.3M | −$4.5M |
| Q1 2025 | 10-Q | May 15, 2025 | $9.5M | +56% | -32.4% | −$6.6M | −$1.8M |
| Q4 2024 | 10-K | Mar 31, 2025 | $9.4M | +7% | -37.1% | −$5.8M | −$2.4M |
Charts
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📈Investments: gains and what it boughtinteractive
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About Kartoon Studios
Kartoon Studios (NYSE American: TOON) is a global, vertically integrated children’s and family entertainment company turning owned and controlled intellectual property into enduring, multi-platform franchises. The Company develops, produces, distributes, licenses and monetizes content across the full value chain, creating multiple revenue opportunities and long-term brand value. Kartoon Studios’ growth portfolio includes Hundred Acre Wood and the Stan Lee Universe, alongside established brands and an extensive programming library. The Company operates Mainframe Studios and Toon Media Networks, as well as Beacon Media Group, a full-service marketing, communications, and media agency subsidiary of Kartoon Studios focused on children and family.
In its own words, from its 8-K, filed Aug 14, 2026.
Kartoon Studios against its Services-Motion Picture & Video Tape Production peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -43% against the peers' median +22%. Operating margin: -58.6% against the peers' median -6.6%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| TOON Kartoon Studios | Q2 2026 | $5.8M | -43% | -58.6% |
| FUBO FuboTV | Q3 FY26 | $1.5B | +290% | -1.8% |
| LION Lionsgate Studios | Q2 FY27 | $669M | +41% | 4.4% |
| STRZ Starz Entertainment | Q3 2026 | $322M | +0.5% | -6.6% |
| ANGX Angel Studios | Q2 2026 | $112M | +28% | -16.6% |
| CURI CuriosityStream | Q2 2026 | $23.2M | +22% | 39.5% |
| GAIA Gaia | Q3 2026 | $22.0M | -12% | -13.4% |
| CPLX Certiplex | Q2 2026 | $26K | -35% | -71.3% |
Source: Kartoon Studios 10-Q on SEC EDGAR · CIK 1355848 · Services-Motion Picture & Video Tape Production
13F: who owns TOON and who is buying
More on TOON
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results