Cheer Holding Financials

CHR

Source SEC Filings (10-K/10-Q) Updated Jun 30, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 70/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Cheer Holding has an operating margin of 17.4%, meaning the company retains $17 of operating profit per $100 of revenue. This strong profitability earns a score of 87/100, reflecting efficient cost management and pricing power. This is down from 19.2% the prior year.

Growth

Cheer Holding's revenue declined 3.4% year-over-year, from $152.3M to $147.2M. This contraction results in a growth score of 19/100.

Leverage

100

Cheer Holding carries a low D/E ratio of 0.14, meaning only $0.14 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 7.66, Cheer Holding holds $7.66 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

Cheer Holding converts 15.5% of revenue into free cash flow ($22.9M). This strong cash generation earns a score of 78/100.

Returns

Cheer Holding's ROE of 8.5% shows moderate profitability relative to equity, earning a score of 34/100. This is down from 10.9% the prior year.

Altman Z-Score Grey Zone

2.52

Cheer Holding scores 2.52, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Piotroski F-Score Neutral

4/9

Cheer Holding passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed

0.88x

For every $1 of reported earnings, Cheer Holding generates $0.88 in operating cash flow ($22.9M OCF vs $26.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

This page shows Cheer Holding (CHR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$147.2M

YoY-3.4%

5Y CAGR+17.5%

Cheer Holding generated $147.2M in revenue in fiscal year 2024. This represents a decrease of 3.4% from the prior year.

EBITDA

$29.4M

YoY-10.1%

5Y CAGR+1.3%

Cheer Holding's EBITDA was $29.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 10.1% from the prior year.

Free Cash Flow

$22.9M

YoY-45.8%

Cheer Holding generated $22.9M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 45.8% from the prior year.

Net Income

$26.0M

YoY-14.8%

5Y CAGR-0.3%

Cheer Holding reported $26.0M in net income in fiscal year 2024. This represents a decrease of 14.8% from the prior year.

EPS (Diluted)

$2.51

YoY-28.9%

Cheer Holding earned $2.51 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 28.9% from the prior year.

Cash & Debt

$197.7M

YoY+1.8%

5Y CAGR+95.5%

Cheer Holding held $197.7M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

N/A

Gross Margin

73.2%

YoY-0.8pp

Cheer Holding's gross margin was 73.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 0.8 percentage points from the prior year.

Operating Margin

17.4%

YoY-1.8pp

5Y CAGR-23.4pp

Cheer Holding's operating margin was 17.4% in fiscal year 2024, reflecting core business profitability. This is down 1.8 percentage points from the prior year.

Net Margin

17.6%

YoY-2.4pp

5Y CAGR-22.4pp

Cheer Holding's net profit margin was 17.6% in fiscal year 2024, showing the share of revenue converted to profit. This is down 2.4 percentage points from the prior year.

Return on Equity

8.5%

YoY-2.4pp

5Y CAGR-34.1pp

Cheer Holding's ROE was 8.5% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 2.4 percentage points from the prior year.

R&D Spending

$3.4M

YoY+109.7%

5Y CAGR+35.6%

Cheer Holding invested $3.4M in research and development in fiscal year 2024. This represents an increase of 109.7% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$1K

YoY-66.7%

Cheer Holding invested $1K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 66.7% from the prior year.

CHR Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$147.2M-3.4%	$152.3M-3.1%	$157.2M+2.8%	$153.0M+23.6%	$123.8M+88.2%	$65.8M
Cost of Revenue	$39.4M-0.4%	$39.5M-2.5%	$40.6M+16.1%	$34.9M	N/A	N/A
Gross Profit	$107.8M-4.4%	$112.8M-3.3%	$116.6M-1.2%	$118.1M	N/A	N/A
R&D Expenses	$3.4M+109.7%	$1.6M+22.8%	$1.3M+44.7%	$920K+33.1%	$691K-7.7%	$749K
SG&A Expenses	$3.5M-38.2%	$5.7M-4.2%	$5.9M+76.8%	$3.3M-66.9%	$10.1M+222.1%	$3.1M
Operating Income	$25.6M-12.6%	$29.3M+9.6%	$26.7M-26.3%	$36.3M+18.3%	$30.7M+14.3%	$26.8M
Interest Expense	N/A	$3K-96.8%	$93K-81.9%	$513K+81.9%	$282K-4.4%	$295K
Income Tax	-$34K-155.7%	$61K-85.2%	$413K-57.7%	$976K-41.7%	$1.7M+775.9%	$191K
Net Income	$26.0M-14.8%	$30.5M+13.3%	$26.9M-23.8%	$35.3M-28.0%	$49.0M+86.1%	$26.3M
EPS (Diluted)	$2.51-28.9%	$3.53	$3.95-26.9%	$5.40+550.6%	$0.83+45.6%	$0.57

Metric	Q2'25	Q2'24	Q4'23	Q2'23	Q4'22	Q4'21	Q2'21	Q4'20
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CHR Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$346.6M+5.8%	$327.6M+59.1%	$206.0M+5.5%	$195.2M+36.1%	$143.4M+79.9%	$79.7M
Current Assets	$305.6M-0.4%	$306.9M+66.9%	$183.8M+19.7%	$153.5M+48.9%	$103.1M+70.5%	$60.5M
Cash & Equivalents	$197.7M+1.8%	$194.2M+175.6%	$70.5M-8.8%	$77.3M+336.0%	$17.7M+156.3%	$6.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$77.1M-5.0%	$81.2M-17.2%	$98.0M+55.3%	$63.1M-22.2%	$81.1M+58.8%	$51.1M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$41.5M-12.8%	$47.6M+42.3%	$33.5M-6.3%	$35.7M-8.3%	$38.9M+123.2%	$17.5M
Current Liabilities	$39.9M-13.7%	$46.2M+40.5%	$32.9M-4.8%	$34.6M-2.3%	$35.4M+124.7%	$15.7M
Long-Term Debt	N/A	$1.4M	N/A	N/A	N/A	N/A
Total Equity	$305.0M+9.0%	$279.9M+62.3%	$172.4M+8.5%	$158.9M+52.8%	$104.0M+68.3%	$61.8M
Retained Earnings	$207.1M+14.3%	$181.2M+20.2%	$150.7M+21.5%	$124.0M+38.9%	$89.3M+80.2%	$49.5M

Metric	Q2'25	Q2'24	Q4'23	Q2'23	Q4'22	Q4'21	Q2'21	Q4'20
Total Assets	$362.7M+4.7%	$346.6M+5.8%	$327.6M+23.0%	$266.3M+29.3%	$206.0M+5.5%	$195.2M-4.9%	$205.3M+43.2%	$143.4M
Current Assets	$323.5M+5.9%	$305.6M-0.4%	$306.9M+24.3%	$247.0M+34.3%	$183.8M+19.7%	$153.5M-4.9%	$161.4M+56.6%	$103.1M
Cash & Equivalents	$203.2M+2.8%	$197.7M+1.8%	$194.2M+27.4%	$152.4M+116.3%	$70.5M-8.8%	$77.3M+280.6%	$20.3M+14.6%	$17.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$86.2M+11.9%	$77.1M-5.0%	$81.2M+20.9%	$67.2M-31.5%	$98.0M+55.3%	$63.1M-45.5%	$115.8M+42.7%	$81.1M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$40.6M-2.3%	$41.5M-12.8%	$47.6M+42.4%	$33.4M0.0%	$33.5M-6.3%	$35.7M-47.3%	$67.7M+73.9%	$38.9M
Current Liabilities	$39.0M-2.2%	$39.9M-13.7%	$46.2M+39.0%	$33.2M+1.0%	$32.9M-4.8%	$34.6M-46.5%	$64.6M+82.6%	$35.4M
Long-Term Debt	N/A	N/A	$1.4M	N/A	N/A	N/A	N/A	N/A
Total Equity	$322.1M+5.6%	$305.0M+9.0%	$279.9M+20.3%	$232.8M+35.0%	$172.4M+8.5%	$158.9M+15.9%	$137.2M+31.9%	$104.0M
Retained Earnings	$214.9M+3.7%	$207.1M+14.3%	$181.2M+13.6%	$159.4M+5.8%	$150.7M+21.5%	$124.0M+17.2%	$105.8M+18.5%	$89.3M

CHR Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$22.9M-45.8%	$42.2M+445.0%	$7.7M-83.3%	$46.5M+431.5%	$8.7M-66.5%	$26.1M
Capital Expenditures	$1K-66.7%	$3K-88.0%	$25K-65.3%	$72K	N/A	N/A
Free Cash Flow	$22.9M-45.8%	$42.2M+446.7%	$7.7M-83.4%	$46.4M	N/A	N/A
Investing Cash Flow	-$24.9M-828633.3%	-$3K+100.0%	-$8.0M-660.1%	-$1.1M+76.2%	-$4.4M+71.2%	-$15.3M
Financing Cash Flow	$10.6M-87.1%	$82.0M+16045.9%	$508K-96.2%	$13.3M+146.9%	$5.4M+186.5%	-$6.2M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'25	Q2'24	Q4'23	Q2'23	Q4'22	Q4'21	Q2'21	Q4'20
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CHR Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	73.2%-0.8pp	74.0%-0.2pp	74.2%-3.0pp	77.2%	N/A	N/A
Operating Margin	17.4%-1.8pp	19.2%+2.2pp	17.0%-6.7pp	23.7%-1.1pp	24.8%-16.0pp	40.8%
Net Margin	17.6%-2.4pp	20.0%+2.9pp	17.1%-6.0pp	23.1%-16.5pp	39.6%-0.4pp	40.0%
Return on Equity	8.5%-2.4pp	10.9%-4.7pp	15.6%-6.6pp	22.2%-24.9pp	47.1%+4.5pp	42.6%
Return on Assets	7.5%-1.8pp	9.3%-3.8pp	13.1%-5.0pp	18.1%-16.1pp	34.2%+1.1pp	33.0%
Current Ratio	7.66+1.0	6.64+1.1	5.59+1.1	4.44+1.5	2.92-0.9	3.84
Debt-to-Equity	0.14+0.1	0.01-0.2	0.19-0.0	0.22-0.1	0.37+0.1	0.28
FCF Margin	15.5%-12.1pp	27.7%+22.8pp	4.9%-25.4pp	30.3%	N/A	N/A

Metric	Q2'25	Q2'24	Q4'23	Q2'23	Q4'22	Q4'21	Q2'21	Q4'20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	8.29+0.6	7.66+1.0	6.64-0.8	7.43+1.8	5.59+1.1	4.44+1.9	2.50-0.4	2.92
Debt-to-Equity	0.13-0.0	0.14+0.1	0.01-0.1	0.14-0.1	0.19-0.0	0.22-0.3	0.49+0.1	0.37
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Cheer Holding's annual revenue?

Cheer Holding (CHR) reported $147.2M in total revenue for fiscal year 2024. This represents a -3.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Cheer Holding's revenue growing?

Cheer Holding (CHR) revenue declined by 3.4% year-over-year, from $152.3M to $147.2M in fiscal year 2024.

Is Cheer Holding profitable?

Yes, Cheer Holding (CHR) reported a net income of $26.0M in fiscal year 2024, with a net profit margin of 17.6%.

What is Cheer Holding's earnings per share (EPS)?

Cheer Holding (CHR) reported diluted earnings per share of $2.51 for fiscal year 2024. This represents a -28.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Cheer Holding's EBITDA?

Cheer Holding (CHR) had EBITDA of $29.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Cheer Holding's gross margin?

Cheer Holding (CHR) had a gross margin of 73.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Cheer Holding's operating margin?

Cheer Holding (CHR) had an operating margin of 17.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Cheer Holding's net profit margin?

Cheer Holding (CHR) had a net profit margin of 17.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Cheer Holding's return on equity (ROE)?

Cheer Holding (CHR) has a return on equity of 8.5% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Cheer Holding's free cash flow?

Cheer Holding (CHR) generated $22.9M in free cash flow during fiscal year 2024. This represents a -45.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Cheer Holding's operating cash flow?

Cheer Holding (CHR) generated $22.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Cheer Holding's total assets?

Cheer Holding (CHR) had $346.6M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Cheer Holding's capital expenditures?

Cheer Holding (CHR) invested $1K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Cheer Holding spend on research and development?

Cheer Holding (CHR) invested $3.4M in research and development during fiscal year 2024.

What is Cheer Holding's current ratio?

Cheer Holding (CHR) had a current ratio of 7.66 as of fiscal year 2024, which is generally considered healthy.

What is Cheer Holding's debt-to-equity ratio?

Cheer Holding (CHR) had a debt-to-equity ratio of 0.14 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Cheer Holding's return on assets (ROA)?

Cheer Holding (CHR) had a return on assets of 7.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Cheer Holding's Altman Z-Score?

Cheer Holding (CHR) has an Altman Z-Score of 2.52, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Cheer Holding's Piotroski F-Score?

Cheer Holding (CHR) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Cheer Holding's earnings high quality?

Cheer Holding (CHR) has an earnings quality ratio of 0.88x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Cheer Holding?

Cheer Holding (CHR) scores 70 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.