Filing Flows › Kartoon Studios (TOON) › Q4 2025
Kartoon Studios (TOON) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 31, 2026
Kartoon Studios (TOON) reported revenue of $9.7M for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and -2% from the quarter before. Operating margin was -38.4%, net loss $5.3M (54.9% of revenue).
Kartoon Studios, Q4 2025: revenue $9.7M (+3% year over year), operating margin -38.4%, net loss $5.3M, operating cash flow $381K. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.7M | -2% | +3% |
| Operating profit | −$3.7M | — | — |
| Net earnings | −$5.3M | — | — |
| Operating cash flow | $381K | — | — |
| Free cash flow | $346K | — | — |
What changed
Revenue was $9.7M in Q4 2025, up 3% year over year and down 2% from the previous quarter. Production Services was the largest line at 60% of revenue.
Operating costs exceeded revenue by $3.7M, an operating margin of -38.4%. Total costs grew 4% against revenue growth of 3%. The fastest-growing cost line was General & admin (+17%). The quarter ended with a net loss of $5.3M, narrower than the previous quarter's $6.5M loss. Minority interests bore $52K of it: to shareholders the quarter was a loss of $5.3M.
Operating cash flow was $381K. Non-cash charges added back $657K of depreciation and amortization and $153K of share-based compensation. Working capital and other items added $4.9M. Capital expenditures of $35K left free cash flow of $346K.
Questions
What was Kartoon Studios' revenue in the fourth quarter 2025?
Kartoon Studios (TOON) reported revenue of $9.7M for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and -2% from the quarter before.
Was Kartoon Studios profitable in the fourth quarter 2025?
Operating loss was $3.7M (-38.4% of revenue) and net loss $5.3M.
Source: Kartoon Studios 10-K on SEC EDGAR.