TOON · XBRL financial data

Kartoon Studios financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (TOON's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023†Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	2,482	7,873	—	44,085	32,591	39,353
Revenue from contracts with customers	—	7,873	62,299	44,085	32,591	39,353
General and administrative	17,423	35,967	45,851	35,324	25,210	23,992
Total operating expenses	20,364	71,626	106,019	116,455	49,587	52,269
Operating income (loss)	(17,882)	(63,753)	(43,720)	(72,370)	(16,996)	(12,916)
Interest income	—	—	2,000	500	100	—
Interest expense	1,180	20	2,329	3,126	779	656
Other income (expense)	—	0	6	978	2,008	(11,261)
Income tax expense (benefit)	0	0	105	(973)	(43)	(135)
Net income (loss)	(401,670)	(126,367)	(45,595)	(77,103)	(20,739)	(24,532)
Earnings per share, basic‡ USD per share	(28.20)	(4.20)	(14.50)	(2.29)	(0.54)	(0.49)
Earnings per share, diluted‡ USD per share	—	(42.40)	(14.50)	(2.29)	(0.54)	(0.49)
Weighted average shares, basic‡ thousands of shares	14,245	29,751	3,139	33,672	38,413	50,229
Weighted average shares, diluted‡ thousands of shares	—	2,975	3,139	33,672	38,413	50,229

‡ Per-share figures and share counts are adjusted for the 1-for-10 stock split (February 2023); filings made before it reported them unadjusted.
† Share count changed about 11x in the period ending 2023-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

Fiscal years (TOON's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023†Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	100,456	2,058	7,432	4,095	8,385	2,943
Marketable securities	0	112,523	83,706	11,950	100	—
Marketable securities, non-current	—	112,500	—	—	—	—
Accounts receivable	1,731	7,632	15,558	18,072	11,982	9,632
Inventory	0	—	—	—	—	—
Prepaid and other current assets	—	3,725	2,568	740	606	841
Total current assets	108,566	136,185	139,525	57,109	34,664	35,765
Property and equipment, net	96	449	2,400	1,877	2,053	1,635
Right-of-use asset	1,972	2,785	8,506	7,076	5,847	5,114
Goodwill	10,366	15,227	31,807	0	—	—
Total assets	134,201	174,083	237,918	111,436	85,467	70,907
Accounts payable	786	7,192	—	16,864	11,954	12,115
Accrued liabilities	408	535	895	691	405	744
Total current liabilities	7,179	21,131	110,908	45,640	33,440	33,451
Lease liability, non-current	2,053	2,460	8,095	6,736	5,359	4,488
Total liabilities	15,004	29,430	125,049	58,175	49,007	43,374
Accumulated deficit	(469,557)	(595,848)	(641,443)	(718,546)	(739,285)	(763,817)
Total stockholders' equity	119,197	142,729	111,079	51,570	34,971	26,210
Total liabilities and equity	134,201	174,083	237,918	111,436	85,467	70,907
Common shares outstanding (cover page)‡ thousands of shares	30,032	30,437	3,206	35,368	47,785	56,336

‡ Per-share figures and share counts are adjusted for the 1-for-10 stock split (February 2023); filings made before it reported them unadjusted.
† Share count changed about 11x in the period ending 2023-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

Fiscal years (TOON's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023†Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(401,670)	(126,367)	(45,595)	(77,103)	(20,739)	(24,532)
Stock-based compensation	8,929	16,451	—	2,671	669	331
Depreciation and amortization	379	599	2,711	2,549	2,408	2,585
Net cash from operating activities	(7,845)	(23,743)	(23,653)	(16,092)	(3,489)	(11,406)
Purchases of property and equipment	76	302	592	72	117	151
Net cash from investing activities	(1,403)	(127,456)	(30,937)	73,858	10,012	(1,632)
Proceeds from issuing common stock	98,584	0	—	—	—	—
Proceeds from issuing equity	—	—	—	0	7,515	7,046
Share repurchases	—	0	285	0	—	—
Net cash from financing activities	109,399	60,819	52,174	(60,802)	(3,131)	8,147
Net change in cash	100,151	(90,396)	(2,628)	(3,337)	4,290	(5,442)

† Share count changed about 11x in the period ending 2023-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

SIC 7812 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 7812 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($K)	Revenue, quarter ($K)	Operating cash flow, quarter ($K)	Shares outstanding	Runway	Quarter
Kartoon Studios	7,742	5,821	34,288*	62.2M	—	Q2 FY26 10-QJun 30, 2026
Winvest Group	44	62*	(123)*	116.5M	0.4 quarters	Q4 FY25 10-KDec 31, 2025
Angel Studios	48,037	111,706	16,940*	186.5M	—	Q2 FY26 10-QJun 30, 2026
BMP AI Technologies	0	0	(8)*	51.8M	—	Q2 FY26 10-QJun 30, 2026
Gaia	7,104	22,031	(4,062)*	not reported	1.5 quarters	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.