Filing Flows › Kartoon Studios (TOON) › Q3 2025
Kartoon Studios (TOON) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 14, 2025
Kartoon Studios (TOON) reported revenue of $9.9M for the third quarter 2025 (Q3 2025), +13% from a year earlier and -4% from the quarter before. Operating margin was -29.3%, net loss $6.5M (66.0% of revenue).
Kartoon Studios, Q3 2025: revenue $9.9M (+13% year over year), operating margin -29.3%, net loss $6.5M, operating cash flow −$5.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.9M | -4% | +13% |
| Operating profit | −$2.9M | — | — |
| Net earnings | −$6.5M | — | — |
| Operating cash flow | −$5.5M | — | — |
What changed
Revenue was $9.9M in Q3 2025, up 13% year over year and down 4% from the previous quarter. Production Services was the largest line at 72% of revenue. Production Services added $2.2M year over year (up 45%), 189% of the total change. Media Advisory and Advertising Services declined 36%.
Operating costs exceeded revenue by $2.9M, an operating margin of -29.3%. Total costs grew 13% against revenue growth of 13%. The fastest-growing cost line was Other operating costs (+20%). The quarter ended with a net loss of $6.5M, wider than the previous quarter's $6.3M loss. Net interest and other expense of $3.6M was the main reason.
Operating cash flow was −$5.5M. Non-cash charges added back $651K of depreciation and amortization and $42K of share-based compensation. Working capital and other items added $325K. Capital expenditures of $36K exceeded it, leaving free cash flow of −$5.5M.
Questions
What was Kartoon Studios' revenue in the third quarter 2025?
Kartoon Studios (TOON) reported revenue of $9.9M for the third quarter 2025 (Q3 2025), +13% from a year earlier and -4% from the quarter before.
Was Kartoon Studios profitable in the third quarter 2025?
Operating loss was $2.9M (-29.3% of revenue) and net loss $6.5M.
Source: Kartoon Studios 10-Q on SEC EDGAR.