Filing Flows › Kartoon Studios (TOON) › Q1 2025
Kartoon Studios (TOON) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
Kartoon Studios (TOON) reported revenue of $9.5M for the first quarter 2025 (Q1 2025), +56% from a year earlier and +0.9% from the quarter before. Operating margin was -32.4%, net loss $6.6M (69.3% of revenue).
Kartoon Studios, Q1 2025: revenue $9.5M (+56% year over year), operating margin -32.4%, net loss $6.6M, operating cash flow −$1.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.5M | +0.9% | +56% |
| Operating profit | −$3.1M | — | — |
| Net earnings | −$6.6M | — | — |
| Operating cash flow | −$1.8M | — | — |
What changed
Revenue was $9.5M in Q1 2025, up 56% year over year and up 1% from the previous quarter. Production Services was the largest line at 69% of revenue. Production Services added $3.8M year over year (up 138%), 111% of the total change. License declined 16%.
Operating costs exceeded revenue by $3.1M, an operating margin of -32.4%. Total costs grew 2% against revenue growth of 56%. The fastest-growing cost line was Other operating costs (+55%). The quarter ended with a net loss of $6.6M, wider than the previous quarter's $5.8M loss. Minority interests bore $65K of it: to shareholders the quarter was a loss of $6.5M. Net interest and other expense of $3.5M was the main reason.
Operating cash flow was −$1.8M. Non-cash charges added back $650K of depreciation and amortization and $87K of share-based compensation. Working capital and other items added $4.0M. Capital expenditures of $20K exceeded it, leaving free cash flow of −$1.8M.
Questions
What was Kartoon Studios' revenue in the first quarter 2025?
Kartoon Studios (TOON) reported revenue of $9.5M for the first quarter 2025 (Q1 2025), +56% from a year earlier and +0.9% from the quarter before.
Was Kartoon Studios profitable in the first quarter 2025?
Operating loss was $3.1M (-32.4% of revenue) and net loss $6.6M.
Source: Kartoon Studios 10-Q on SEC EDGAR.