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Kartoon Studios, Inc.

Kartoon Studios, Inc. is an American motion picture and video tape production services company.1 It is headquartered in Beverly Hills, California.1

Price unavailable

Last updated Oct 21, 2026.

Overview

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  • TickerTOON on NYSE1
  • IndustryServices-Motion Picture & Video Tape Production1
  • HeadquartersBeverly Hills, California1
  • Incorporated inNV2
  • Business address190 N. Canon, 4Th Floor, Beverly Hills, Ca 902102
  • Filer categoryNon-accelerated filer, Smaller reporting company2
  • Legal formCorporation

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CBC Gem, and ICI TOU.TV in Canada, and is expected to premiere on ABC Kids and ABC iview in Australia in 2026.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-32.8%Operating margin4
-62.3%Net margin4
20.7%Revenue growth, 20254
-93.6%Return on equity4
-$11.6MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Production Services brought in 68% of the revenue Kartoon Studios, Inc. broke down this way in fiscal 2025.

  1. Production Services$26.8M468%up 50% from 2024
  2. Content Distribution$8.0M420%down 17% from 2024
  3. Media Advisory And Advertising Services$4.2M411%down 14% from 2024
  4. License$387.0K41%up 30% from 2024
Products and services by year
Products and services20242025
Production Services$17.9M$26.8M
Content Distribution$9.6M$8.0M
Media Advisory And Advertising Services$4.8M$4.2M
License$298.0K$387.0K

Business segments

Content Production And Distribution brought in 45% of the revenue Kartoon Studios, Inc. broke down this way in fiscal 2025.

  1. Content Production And Distribution$35.2M445%up 27% from 2024
  2. Content Production Distribution$35.2M445%up 27% from 2024
  3. Media Advisory And Advertising$4.2M45%down 14% from 2024
  4. Media Advisory And Advertising Services$4.2M45%down 14% from 2024
Business segments by year
Business segments20242025
Content Production And Distribution$27.8M$35.2M
Content Production Distribution$27.8M$35.2M
Media Advisory And Advertising$4.8M$4.2M
Media Advisory And Advertising Services$4.8M$4.2M

Regions

United States brought in 46% of the revenue Kartoon Studios, Inc. broke down this way in fiscal 2025.

  1. United States$18.1M446%up 2% from 2024
  2. CA [member]$13.2M434%up 129% from 2024
  3. United Kingdoms$7.9M420%down 9% from 2024
  4. Other Countries$138.0K40%down 64% from 2024
Regions by year
Regions20242025
United States$17.8M$18.1M
CA [member]$5.8M$13.2M
United Kingdoms$8.6M$7.9M
Other Countries$380.0K$138.0K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs98¢$38.6M
  • Interest2¢$656.0K
  • Income tax0¢$135.0K

Out of $39.4M in revenue.4 The company lost money this year.

Financial statements

Revenue567894$39.4M in 2025+566% since 2019
0$20.0M$40.0M$60.0M$80.0M2019: $5.9M$5.9M20192020: $2.5M$2.5M2020−58%2021: $7.9M$7.9M2021+217%2022: $62.3M$62.3M2022+691%2023: $44.1M$44.1M2023−29%2024: $32.6M$32.6M2024−26%2025: $39.4M$39.4M2025+21%
Operating income567894-$12.9M in 2025+99% since 2019
-$80.0M-$60.0M-$40.0M-$20.0M02019: -$6.5M-$6.5M20192020: -$17.9M-$17.9M2020+175%2021: -$63.8M-$63.8M2021+257%2022: -$43.7M-$43.7M2022−31%2023: -$72.4M-$72.4M2023+66%2024: -$17.0M-$17.0M2024−77%2025: -$12.9M-$12.9M2025−24%
Net income567894-$24.5M in 2025+114% since 2019
-$600.0M-$400.0M-$200.0M02019: -$11.5M-$11.5M20192020: -$401.7M-$401.7M2020+3398%2021: -$126.3M-$126.3M2021−69%2022: -$45.6M-$45.6M2022−64%2023: -$77.1M-$77.1M2023+69%2024: -$20.7M-$20.7M2024−73%2025: -$24.5M-$24.5M2025+18%

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
Total Revenues$39.4M$32.6M
Marketing and Sales$681.0K$1.2M
Direct Operating Costs$26.8M$23.1M
General and Administrative$24.0M$25.2M
Impairment of Intangible Assets$767.0K$0
Total Operating Expenses$52.3M$49.6M
Loss from Operations-$12.9M-$17.0M
Interest Expense-$656.0K-$779.0K
Other Expense-$11.3M-$3.2M
Loss Before Income Tax Benefit-$24.8M-$21.0M
Income Tax Benefit$135.0K$43.0K
Net Loss-$24.7M-$20.9M
Net Loss Attributable to Non-Controlling Interests$166.0K$202.0K
Net Loss Attributable to Kartoon Studios, Inc.-$24.5M-$20.7M
Net Loss per Share - Basic-$0.49-$0.54
Net Loss per Share - Diluted-$0.49-$0.54
Weighted Average Shares Outstanding - Basic50.2M shares38.4M shares
Weighted Average Shares Outstanding - Diluted50.2M shares38.4M shares

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Corporate structure

Kartoon Studios, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Kartoon Studios, Inc.

  • Clear Street Derivatives LLC Filed SCHEDULE 13G/A on Kartoon Studios, Inc., latest Aug 18, 2026 (2 filings since Aug 17, 2026)
  • Nomura Holdings Filed SCHEDULE 13G on Kartoon Studios, Inc., latest May 15, 2026
  • Anson Funds Management LP Filed SCHEDULE 13G on Kartoon Studios, Inc., latest Feb 17, 2026
  • ARMISTICE CAPITAL, LLC Filed SCHEDULE 13G/A on Kartoon Studios, Inc., latest Nov 14, 2025 (4 filings since Feb 14, 2025)
  • BlackRock Filed SC 13G on Kartoon Studios, Inc., latest Jul 8, 2022 (2 filings since Feb 4, 2022)
  • Kartoon Studios, Inc. Beverly Hills, California

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Kartoon Studios, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$3.5M4 Dec 31, 2025$3.4M4 Dec 31, 2024+2.6%
Accumulated depreciation$1.6M4 Dec 31, 2025$1.1M4 Dec 31, 2024+50.8%
Property and equipment, net$1.6M4 Dec 31, 2025$2.1M4 Dec 31, 2024−20.4%
Finance-lease assets$312.0K4 Dec 31, 2025$278.0K4 Dec 31, 2024+12.2%
Operating-lease assets (leased space)$5.1M4 Dec 31, 2025$5.8M4 Dec 31, 2024−12.5%

Investments

ItemLatestA year beforeChange
Marketable securities, current$100.0K4 Dec 31, 2024$112.5M6 Dec 31, 2021−99.9%
Debt securities available for sale$4.0M4 Dec 31, 2025$2.0M4 Dec 31, 2024+96.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$17.6M4 Dec 31, 2025$19.7M4 Dec 31, 2024−10.7%
Accumulated amortization-$7.8M4 Dec 31, 2025-$5.8M4 Dec 31, 2024−34.5%
Finite-lived intangibles, net$12.9M4 Dec 31, 2025$14.5M9 Dec 31, 2024−10.9%

Properties, in its own words

Our principal office is located in Beverly Hills, California, where we lease 5,838 square feet of general office space pursuant to a 96-month lease that commenced on August 1, 2019. The Company pays rent of $0.5 million annually, subject to annual escalations of 3.5%. The property is used primarily by Kartoon Studios to support its operations and is included in the Content Production and Distribution segment. We also lease 45,119 square feet of general office space located in Vancouver, Canada, which had a remaining lease term of 72 months when we assumed such lease in April 2022, with payments of $0.1 million per month, subject to escalations of 7% each of the third and fifth years. The Vancouver office is used by Mainframe Studios included in the Content Production and Distribution segment.

In addition we lease 74 square feet of general office space in Toronto, Canada pursuant to an 84-month lease which expires on September 30, 2026, with payments $915 per month. The Toronto office is used by Beacon Media Group, which is part of the Media Advisory and Advertising Services segment. We believe our existing facilities are adequate to meet our current requirements and that suitable additional or substitute space will be available as needed to accommodate any further physical expansion of operations and for any additional offices. See Note 19 of the Notes to Consolidated Financial Statements in Item 8 of this Annual Report on Form 10-K for more information about our lease commitments.

Item 2 of the 10-K filed Mar 31, 2026.3

Leadership

Who has led Kartoon Studios, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Klaus Moeller2011–2013

Chair

  1. Klaus Moeller2012–2013

President

  1. Michael Meader2011–2013
  2. Amy Moynihan Heyward2013–2016

Chief financial officer

  1. Jeanene Grace Morgan2011–2013
  2. Richard David Staves2014
  3. Rebecca D. Hershinger2014–2016
  4. Michael D. Handelman2015–2016
  5. Brian Parisi2023–now

Chief operating officer

  1. Michael Jaffa2021–now
201520202025
Board members and other officers (23)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive Officer, DirectorAndy Heyward named Jul 10, 2023 to Nov 4, 202540
  • Executive OfficerRobert L. Denton named Jul 10, 202341
  • DirectorCynthia A. Turner-Graham named Jul 10, 2023 to Nov 4, 202540
  • DirectorJoseph "Gray" A. Davis named Jul 10, 2023 to Nov 4, 202540
  • DirectorMargaret A. Loesch named Jul 10, 2023 to Nov 4, 202540
  • DirectorMichael L. Hirsh named Jul 10, 202341

Former names

  • Genius Brands International, Inc.Nov 14, 2011 to Jun 23, 20232
  • PACIFIC ENTERTAINMENT CORPMar 3, 2006 to Oct 21, 20112

Timeline

  1. Aug 14, 20268-K Results of operations42
  2. Aug 12, 20268-K Other events43
  3. Aug 6, 20268-K Other events44
  4. Jul 17, 20268-K Other events45
  5. Jul 6, 20268-K Entered a material agreement46
  6. Jul 2, 20268-K Entered a material agreement; Change to shareholders' rights; Bylaws or fiscal year changed47
  7. Jul 2, 20268-K Change to shareholders' rights; Executive or director change; Bylaws or fiscal year changed48
  8. Jun 16, 20268-K Other events49
  9. Jun 16, 20268-K Other events50
  10. Jun 8, 20268-K Other events51
  11. May 15, 20268-K Results of operations52
  12. Apr 24, 20268-K Entered a material agreement; Unregistered sale of shares53
  13. Jul 5, 2011New chief executive Klaus Moeller becomes CEO12

Calendar

Coming up

  1. Nov 13, 2026Reports results for the quarter ending Sep/202654

When it reported results

  1. Aug 14, 2026Reported quarterly or annual results42
  2. May 15, 2026Reported quarterly or annual results52
  3. Mar 31, 2026Reported quarterly or annual results55
  4. Nov 14, 2025Reported quarterly or annual results56
  5. Aug 14, 2025Reported quarterly or annual results57
  6. May 15, 2025Reported quarterly or annual results58
  7. Mar 31, 2025Reported quarterly or annual results59
  8. Nov 14, 2024Reported quarterly or annual results60

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

345 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 88 major events, 150 insider forms, 10 large holders, 2 private raises, 75 other. The latest 20:

  1. Sep 21, 20264 EDGAR
  2. Sep 21, 20264 EDGAR
  3. Sep 21, 20264 EDGAR
  4. Sep 21, 20264 EDGAR
  5. Sep 21, 20264 EDGAR
  6. Sep 21, 20264 EDGAR
  7. Sep 4, 2026DEFA14A EDGAR
  8. Sep 4, 2026ARS ANNUAL REPORT EDGAR
  9. Sep 4, 2026DEF 14A DEFINITIVE PROXY STATEMENT EDGAR
  10. Aug 18, 2026SCHEDULE 13G/A EDGAR
  11. Aug 17, 2026SCHEDULE 13G EDGAR
  12. Aug 14, 20268-K EDGAR
  13. Aug 14, 202610-Q FORM 10-Q FOR JUN 2026 EDGAR
  14. Aug 12, 20268-K EDGAR
  15. Aug 6, 20268-K EDGAR
  16. Aug 6, 20264 EDGAR
  17. Jul 17, 20268-K CURRENT REPORT EDGAR
  18. Jul 6, 20268-K/A AMENDMENT NO 1 EDGAR
  19. Jul 2, 20268-K CURRENT REPORT EDGAR
  20. Jul 2, 20268-A12B EDGAR

The 345 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

9 open-market trades by officers, directors and large owners since October 2021: 7 buys and 2 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 13, 2025Davis GrayDirectorBuy6,200$0.80$5.0KForm 4
May 29, 2025Heyward AndyCEO and ChairmanBuy5,927$0.83$4.9KForm 4
May 29, 2025Parisi BrianCFOBuy6,100$0.83$5.1KForm 4
May 28, 2025Jaffa MichaelCOO, GC & SecretaryBuy7,000$0.82$5.7KForm 4
May 28, 2025Jaffa MichaelCOO, GC & SecretaryBuy0Form 4
Dec 5, 2022Turner-Graham CynthiaDirectorBuy5,000$0.73$3.6KForm 4
Sep 21, 2022Hirsh MichaelDirectorBuy5,460$0.69$3.8KForm 4
Aug 12, 2022Hirsh MichaelDirectorSale5,460$0.95$5.2KForm 4
Dec 21, 2021Chizick HaroldPres. Content Sales & MktingSale419,335$1.16$486.4KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Andy Heyward77$659.6K$1.1M66
2025Michael A. Jaffa60$452.9K$982.2K66
2025Brian Parisi56$350.0K$360.2K66
2024Chief Executive Officer$440.0K$1.1M66
2024Chief Operating OfficerGeneral Counsel and Corporate Secretary$450.0K$508.4K66
2024Chief Financial Officer$331.4K$359.3K66

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$13.1M 2023–2025
Money received by yearMoney received by year, 2023–2025: $13.1M in all. Private raises (Form D) $13.1M.$0$2M$4M$6M$8M2023 · Private raises (Form D): $5.8M202320242025 · Private raises (Form D): $7.3M2025
Figures by year
YearPrivate raises (Form D)Total
2025$7.3M$7.3M
2023$5.8M$5.8M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Oct 22, 2025Raised $7.3 million in a private offering of securities40 Form D: 1 investor so far Form D
  2. Jun 26, 2023Raised $5.8 million in a private offering of securities41 Form D: 17 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 45. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Anson Funds Management LP5,198,384$3.7M0.3%−5,198,384
Clear Street Group Inc.3,550,631$2.5M0.0%+3,514,702
Nomura Holdings Inc2,982,127$2.1M0.0%−304,537
Vanguard Capital Management LLC2,297,352$1.6M0.0%+709,837
Hudson Bay Capital Management LP1,000,000$710.0K0.0%No change
Renaissance Technologies LLC590,273$419.1K0.0%+577,225
Morgan Stanley538,377$382.2K0.0%−80,000
Geode Capital Management, LLC515,066$365.8K0.0%−137,292
BlackRock, Inc.432,179$306.8K0.0%+2,784
Vanguard Fiduciary Trust Co316,482$224.7K0.0%+2,070
Caption Management, LLC304,538$216.2K0.0%No change
Coppell Advisory Solutions LLC13$204.4K0.0%New
UBS Group AG284,670$202.1K0.0%−5,583
State Street Corp194,460$138.1K0.0%+53,200
Citadel Advisors LLC191,668$136.1K0.0%−115,016
Northern Trust Corp125,785$89.3K0.0%+28,108
Two Sigma Securities, LLC56,908$40.4K0.0%+32,735
Kestra Private Wealth Services, LLC29,076$20.6K0.0%+1,026
Goldman Sachs Group Inc25,170$17.9K0.0%New
XTX Topco Ltd20,765$14.7K0.0%+4,958
Founders Financial Securities LLC20,000$14.2K0.0%New
Spectrum Planning & Advisory Services Inc.18,151$12.9K0.0%New
LPL Financial LLC15,805$11.2K0.0%−3,938
Vanguard Global Advisers, LLC12,005$8.5K0.0%No change
Silver Oak Securities, Incorporated10,000$7.1K0.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Kartoon Studios, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARKartoon Studios, Inc.1
  • CIK0001355848
  • Employer ID (EIN)20-41182163
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company3
  • Incorporated inNevada3
  • Fiscal year endsDecember 311
  • Industry code (SIC)7812 Services-Motion Picture & Video Tape Production1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address190 N. Canon, 4Th Floor, Beverly Hills, CA 902101
  • Phone310-273-42221
  • Shares outstanding62,204,105 as of Aug 13, 202611
  • Public float$33.8M as of Jun 30, 20253
  • AuditorWithumSmith+Brown, PC, Whippany, New Jersey PCAOB ID 100; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceMar 3, 20061
  • Filings939 in all: 8-K (268), 4 (230), 10-Q (47), 3 (34), CORRESP (34), 424B3 (29), UPLOAD (29), SC 13G/A (24)1
    All 53 form types

    EFFECT (22), D (19), SC 13G (18), 10-K (15), DEF 14A (15), DEFA14A (15), 424B5 (12), S-1/A (11), S-1 (10), S-3 (9), SC 13D/A (9), PRE 14A (8), NT 10-Q (7), 8-K/A (6), 4/A (5), POS AM (5), SC 13D (5), 10-12G/A (4), NT 10-K (4), S-8 (4), SCHEDULE 13G (4), SCHEDULE 13G/A (4), 8-A12B (3), ARS (3), S-3/A (3), 10-K/A (2), 10-Q/A (2), 144 (2), RW (2), 10-12G (1), 25 (1), 8-A12G (1), CERT (1), CERTNAS (1), CT ORDER (1), D/A (1), DEF 14C (1), DEL AM (1), FWP (1), PRE 14C (1), PRER14A (1), REGDEX (1), REGDEX/A (1), S-3MEF (1), SC 14F1 (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2026
    Quarterly report (10-Q) Aug 14, 2026
    Proxy statement (DEF 14A) Sep 4, 2026
    Latest 8-K (8-K) Aug 14, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.001 per shareTOONNYSE

From the cover page of the 10-K filed Mar 31, 2026 (Section 12(b) of the Exchange Act).3

Risk factors and legal proceedings

The risks Kartoon Studios, Inc. names in Item 1A of its 10-K filed Mar 31, 2026: 1 risk under these headings, as written.3

  • Because of the following factors, as well as other factors affecting our financial condition and operating results, past financial performance should not be considered to be a reliable indicator of future performance, and investors should not use historical trends to anticipate results or trends in future periods.
  • RISKS RELATING TO OUR FINANCIAL POSITION
  • RISKS RELATING TO OUR BUSINESS AND INDUSTRY
  • RISKS RELATED TO INTELLECTUAL PROPERTY, LITIGATION AND CYBERSECURITY
  • RISKS RELATED TO INFLATION, INTEREST RATES, AND OTHER ADVERSE ECONOMIC CONDITIONS
  • RISKS RELATED TO REGULATORY MATTERS
  • RISKS RELATING TO OUR COMMON STOCK
  • RISKS RELATING TO BEING A PUBLIC COMPANY

Legal proceedings

For a description of our material pending legal proceedings, see Note 19, Commitments and Contingencies, to the consolidated financial statements included elsewhere in this Annual Report on Form 10-K.

The opening of Item 3, Legal Proceedings.3

Sources

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