Filing Flows › Kartoon Studios (TOON) › Q2 2025
Kartoon Studios (TOON) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
Kartoon Studios (TOON) reported revenue of $10.3M for the second quarter 2025 (Q2 2025), +23% from a year earlier and +8% from the quarter before. Operating margin was -31.3%, net loss $6.3M (61.0% of revenue).
Kartoon Studios, Q2 2025: revenue $10.3M (+23% year over year), operating margin -31.3%, net loss $6.3M, operating cash flow −$4.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.3M | +8% | +23% |
| Operating profit | −$3.2M | — | — |
| Net earnings | −$6.3M | — | — |
| Operating cash flow | −$4.5M | — | — |
What changed
Revenue was $10.3M in Q2 2025, up 23% year over year and up 8% from the previous quarter. Production Services was the largest line at 72% of revenue. Production Services added $2.3M year over year (up 44%), 119% of the total change. Content Distribution declined 17%.
Operating costs exceeded revenue by $3.2M, an operating margin of -31.3%. Total costs grew 3% against revenue growth of 23%. The fastest-growing cost line was Other operating costs (+22%). The quarter ended with a net loss of $6.3M, narrower than the previous quarter's $6.6M loss. Minority interests bore $104K of it: to shareholders the quarter was a loss of $6.2M.
Operating cash flow was −$4.5M. Non-cash charges added back $627K of depreciation and amortization and $48K of share-based compensation. Working capital and other items added $1.1M. Capital expenditures of $60K exceeded it, leaving free cash flow of −$4.5M.
Questions
What was Kartoon Studios' revenue in the second quarter 2025?
Kartoon Studios (TOON) reported revenue of $10.3M for the second quarter 2025 (Q2 2025), +23% from a year earlier and +8% from the quarter before.
Was Kartoon Studios profitable in the second quarter 2025?
Operating loss was $3.2M (-31.3% of revenue) and net loss $6.3M.
Source: Kartoon Studios 10-Q on SEC EDGAR.