Filing Flows › Kartoon Studios (TOON) › Q2 2026
Kartoon Studios (TOON) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 14, 2026
Kartoon Studios (TOON) reported revenue of $5.8M for the second quarter 2026 (Q2 2026), -43% from a year earlier and -20% from the quarter before. Operating margin was -58.6%, net earnings $26.9M (463.0% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.8M | -20% | -43% |
| Operating profit | −$3.4M | — | — |
| Net earnings | $26.9M | — | — |
| Operating cash flow | $34.3M | — | — |
| Free cash flow | $34.2M | — | — |
What changed
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.
Questions
What was Kartoon Studios' revenue in the second quarter 2026?
Kartoon Studios (TOON) reported revenue of $5.8M for the second quarter 2026 (Q2 2026), -43% from a year earlier and -20% from the quarter before.
Was Kartoon Studios profitable in the second quarter 2026?
Operating loss was $3.4M (-58.6% of revenue) and net earnings $26.9M.
Source: Kartoon Studios 10-Q on SEC EDGAR.