Kartoon Studios, Inc. TOON
Genius Brands International, Inc.) (the "Company," "Kartoon Studios," "we," "us" or "our")
is a global content and brand management company focused on the creation, production, licensing, and distribution of multimedia animated
content for children. Led by experienced industry personnel, the Company's core business includes original intellectual property
("IP") development, third-party IP production services, media agency, and content monetization through licensing and owned
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $39.4M | $32.6M | $44.1M | $62.3M | $7.9M | $2.5M | $5.9M | $993.5K | $5.3M | $866.9K |
| Cost of revenue | — | — | — | — | — | — | $4.6M | $1.5M | $4.3M | $279.2K |
| Gross profit | — | — | — | — | — | — | $1.3M | -$543.3K | $1.1M | $587.7K |
| SG&A | $24.0M | $25.2M | $35.3M | $45.9M | $36.0M | $17.4M | $7.1M | $5.0M | $5.3M | $6.0M |
| Total operating expenses | $52.3M | $49.6M | $116.5M | $106.0M | $71.6M | $20.4M | $12.4M | $9.0M | $10.2M | $7.3M |
| Operating income | -$12.9M | -$17.0M | -$72.4M | -$43.7M | -$63.8M | -$17.9M | -$6.5M | -$8.0M | -$4.9M | -$6.5M |
| Interest expense | $656.0K | $779.0K | $3.1M | $2.3M | $20.0K | $1.2M | $807.2K | $1.0M | $3.2K | $2.7K |
| Pre-tax income | -$24.8M | -$21.0M | -$78.2M | -$44.4M | -$126.4M | -$401.7M | -$11.5M | -$9.0M | -$4.9M | -$6.2M |
| Income tax | $135.0K | $43.0K | $973.0K | $105.0K | $0 | $0 | $0 | $0 | $0 | $0 |
| Net income | -$24.5K | -$20.7K | -$77.1K | -$45.6M | -$126.3M | -$401.7M | -$11.5M | -$9.0M | -$4.9M | -$6.2M |
| EPS, basic | -0.49 | -0.54 | -2.29 | -1.45 | -4.24 | -2.82 | — | — | — | — |
| EPS, diluted | -0.49 | -0.54 | -2.29 | -1.45 | -4.24 | -2.82 | -1.25 | -1.07 | -0.81 | -1.59 |
| Shares, diluted (wtd. avg.) | $50.2M | $38.4M | $33.7M | $31.4M | $29.8M | $142.5M | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $2.9M | $8.4M | $4.1M | $7.4M | $10.1M | $100.5M | $305.0K | $3.1M | $7.5M | $2.9M |
| Short-term investments | — | $100.0K | $11.9M | $83.7M | $112.5M | $0 | — | — | — | — |
| Receivables | $9.6M | $12.0M | $18.1M | $15.6M | $7.6M | $1.7M | $4.1M | $2.2M | $2.9M | $122.9K |
| Inventory | — | — | — | — | — | $0 | $9.3K | $15.8K | $17.6K | $6.6K |
| Total current assets | $35.8M | $34.7M | $55.7M | $139.5M | $136.2M | $108.6M | $4.6M | $5.6M | $10.8M | $3.4M |
| Property, plant and equipment | $1.6M | $2.1M | $1.9M | $2.4M | $449.0K | $96.0K | $64.9K | $75.6K | $94.7K | $90.5K |
| Goodwill | — | — | $0 | $38.4M | $15.2M | $10.4M | $10.4M | $10.4M | $10.4M | $10.4M |
| Other intangibles | $17.6M | $19.7M | $23.0M | $29.2M | $9.7M | $29.0K | $51.6K | $90.0K | $1.9M | $1.8M |
| Total assets | $70.9M | $85.5M | $111.4M | $274.0M | $174.1M | $134.2M | $29.4M | $24.6M | $27.7M | $17.9M |
| Accounts payable | $12.1M | $12.0M | $16.9M | — | $7.2M | $786.0K | $946.5K | $285.6K | $453.2K | $648.6K |
| Total current liabilities | $33.5M | $33.4M | $45.6M | $110.9M | $21.1M | $7.2M | $8.3M | $4.6M | $2.8M | $3.9M |
| Total liabilities | $43.4M | $49.0M | $58.2M | $130.9M | $29.4M | $15.0M | $20.3M | $11.8M | $12.7M | $7.9M |
| Retained earnings | -$763.8M | -$739.3M | -$718.5M | -$641.4M | -$595.8M | -$469.6M | -$66.0M | -$50.7M | -$41.6M | -$36.6M |
| Total equity | $26.2M | $35.0M | $53.3M | $112.9M | $144.7M | $119.2M | $9.1M | $12.8M | $15.0M | $10.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$11.4M | -$3.5M | -$16.1M | -$25.9M | -$23.8M | -$8.1M | -$6.3M | -$8.0M | -$7.2M | -$3.7M |
| Depreciation and amortisation | $2.6M | $2.4M | $2.5M | $2.7M | $599.0K | $44.9K | $341.1K | $88.3K | $125.9K | $142.7K |
| Stock-based compensation | $331.0K | $669.0K | $2.7M | — | $16.5M | $8.9M | $184.3K | -$16.6K | $664.0K | $1.6M |
| Capital expenditure | $151.0K | $117.0K | $72.0K | $592.0K | $302.0K | $76.0K | $27.0K | $21.6K | $62.4K | $5.8K |
| Investing cash flow | -$1.6M | $10.0M | $73.9M | -$30.9M | -$128.7M | -$1.4M | -$27.0K | -$43.0K | -$107.2K | -$11.5K |
| Financing cash flow | $8.1M | -$3.1M | -$60.8M | $54.4M | $62.2M | $109.6M | $3.5M | $3.6M | $11.9M | $1.4M |
| Buybacks | — | — | $0 | $285.0K | $0 | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001683168-26-006962.
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