Filing Flows › Kartoon Studios (TOON) › Q1 2026
Kartoon Studios (TOON) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
Kartoon Studios (TOON) reported revenue of $7.2M for the first quarter 2026 (Q1 2026), -24% from a year earlier and -25% from the quarter before. Operating margin was -38.7%, net loss $6.4M (88.5% of revenue).
Kartoon Studios, Q1 2026: revenue $7.2M (-24% year over year), operating margin -38.7%, net loss $6.4M, operating cash flow −$2.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.2M | -25% | -24% |
| Operating profit | −$2.8M | — | — |
| Net earnings | −$6.4M | — | — |
| Operating cash flow | −$2.9M | -850% | — |
What changed
Revenue was $7.2M in Q1 2026, down 24% year over year and down 25% from the previous quarter. Production Services was the largest line at 57% of revenue. Production Services lost $2.5M year over year (down 38%), 109% of the total change.
Operating costs exceeded revenue by $2.8M, an operating margin of -38.7%. Total costs fell 20% while revenue fell 24%. The quarter ended with a net loss of $6.4M, wider than the previous quarter's $5.3M loss. Minority interests bore $40K of it: to shareholders the quarter was a loss of $6.4M. Net interest and other expense of $3.6M was the main reason.
Operating cash flow was −$2.9M. Non-cash charges added back $677K of depreciation and amortization and $191K of share-based compensation. Working capital and other items added $2.7M. Capital expenditures of $33K exceeded it, leaving free cash flow of −$2.9M.
Questions
What was Kartoon Studios' revenue in the first quarter 2026?
Kartoon Studios (TOON) reported revenue of $7.2M for the first quarter 2026 (Q1 2026), -24% from a year earlier and -25% from the quarter before.
Was Kartoon Studios profitable in the first quarter 2026?
Operating loss was $2.8M (-38.7% of revenue) and net loss $6.4M.
Source: Kartoon Studios 10-Q on SEC EDGAR.