Filing Flows › Kartoon Studios (TOON) › Q2 2026 › vs Q2 2025
Kartoon Studios (TOON) Q2 2026 vs Q2 2025 (year over year)
Kartoon Studios's revenue fell $4.5M (-43%) from $10.3M in Q2 2025 to $5.8M in Q2 2026. The biggest changes: Production Services −$3.9M (-53%); Media Advisory and Advertising Services −$394K (-47%); Content Distribution −$139K (-7%).
Kartoon Studios, Q2 2026: revenue $5.8M (-43% year over year), operating margin -58.6%, net earnings $26.9M, operating cash flow $34.3M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 588.3% | -44.1% | +632.4 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Production Services | $3.5M | $7.4M | −$3.9M | -53% |
| Content Distribution | $1.9M | $2.0M | −$139K | -7% |
| Media Advisory and Advertising Services | $448K | $842K | −$394K | -47% |
| Licensing and Royalties | $61K | $86K | −$25K | -29% |
| Revenue | $5.8M | $10.3M | −$4.5M | -43% |
| Other income, net | $30.9M | −$3.1M | $34.0M | — |
| Costs & expenses | $36.8M | $16.5M | $20.2M | +122% |
| Operating costs | $9.2M | $13.5M | −$4.3M | -32% |
| Income tax | $573K | $0 | $573K | — |
| Net earnings | $26.9M | −$6.3M | $33.2M | — |
| Sales & marketing | $139K | $167K | −$28K | -17% |
| General & admin | $4.5M | $6.2M | −$1.8M | -28% |
| Other operating costs | $4.6M | $7.1M | −$2.5M | -35% |
| Operating cash sources | $34.3M | −$4.5M | $38.8M | — |
| Depreciation & amortization | $668K | $627K | $41K | +7% |
| Working capital & other | $6.7M | $1.2M | $5.5M | +469% |
| Operating cash flow | $34.3M | −$4.5M | $38.8M | — |
| Free cash flow (OCF − capex) | $34.2M | −$4.5M | $38.8M | — |
| Capital expenditures | $42K | $60K | −$18K | -30% |
Questions
How much did Kartoon Studios's revenue grow year over year in Q2 2026?
Kartoon Studios's revenue fell $4.5M (-43%) from $10.3M in Q2 2025 to $5.8M in Q2 2026.
What drove Kartoon Studios's revenue change in Q2 2026?
Production Services −$3.9M (-53%); Media Advisory and Advertising Services −$394K (-47%); Content Distribution −$139K (-7%).