Cheer Holding Financials
Cheer Holding (CHR) reported $148.8M in revenue for fiscal year 2025, up 1.1% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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).
Cheer Holding's cash-heavy balance sheet is expanding faster than sales, making asset productivity the clearest operating signal.
In FY2025, cash and equivalents increased by about$44.4M even though operating cash flow was only$17.9M ; the difference was largely filled by financing inflows. That makes liquidity look stronger while asset productivity keeps easing, which fits ROA sliding from9.3% in FY2023 to6.4% in FY2025.
The company still runs at a very high gross margin, but the drift from
With receivables at
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Cheer Holding's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Cheer Holding has an operating margin of 17.7%, meaning the company retains $18 of operating profit per $100 of revenue. This strong profitability earns a score of 85/100, reflecting efficient cost management and pricing power. This is up from 17.4% the prior year.
Cheer Holding's revenue grew a modest 1.1% year-over-year to $148.8M. This slow but positive growth earns a score of 28/100.
Cheer Holding carries a low D/E ratio of 0.09, meaning only $0.09 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 81/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 11.53, Cheer Holding holds $11.53 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 97/100.
Cheer Holding's ROE of 6.9% shows moderate profitability relative to equity, earning a score of 61/100. This is down from 8.5% the prior year.
Cheer Holding scores 2.46, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Cheer Holding passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Cheer Holding generates $0.70 in operating cash flow ($17.9M OCF vs $25.6M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Cheer Holding earns $71.83 in operating income for every $1 of interest expense ($26.3M vs $366K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Cheer Holding generated $148.8M in revenue in fiscal year 2025. This represents an increase of 1.1% from the prior year.
Cheer Holding's EBITDA was $33.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 12.9% from the prior year.
Cheer Holding reported $25.6M in net income in fiscal year 2025. This represents a decrease of 1.3% from the prior year.
Cash & Balance Sheet
Cheer Holding held $242.1M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Cheer Holding's gross margin was 71.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.3 percentage points from the prior year.
Cheer Holding's operating margin was 17.7% in fiscal year 2025, reflecting core business profitability. This is up 0.3 percentage points from the prior year.
Cheer Holding's net profit margin was 17.2% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.4 percentage points from the prior year.
Cheer Holding's ROE was 6.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.6 percentage points from the prior year.
Capital Allocation
Cheer Holding invested $5.2M in research and development in fiscal year 2025. This represents an increase of 50.9% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
CHR Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $148.8M+1.1% | $147.2M-3.4% | $152.3M-3.1% | $157.2M+2.8% | $153.0M+23.6% | $123.8M+88.2% | $65.8M | N/A |
| Cost of Revenue | $43.2M+9.7% | $39.4M-0.4% | $39.5M-2.5% | $40.6M+16.1% | $34.9M | N/A | N/A | N/A |
| Gross Profit | $105.6M-2.0% | $107.8M-4.4% | $112.8M-3.3% | $116.6M-1.2% | $118.1M | N/A | N/A | N/A |
| R&D Expenses | $5.2M+50.9% | $3.4M+109.7% | $1.6M+22.8% | $1.3M+44.7% | $920K+33.1% | $691K-7.7% | $749K | N/A |
| SG&A Expenses | $4.7M+35.0% | $3.5M-38.2% | $5.7M-4.2% | $5.9M+76.8% | $3.3M-66.9% | $10.1M+222.1% | $3.1M+20793.3% | $15K |
| Operating Income | $26.3M+2.7% | $25.6M-12.6% | $29.3M+9.6% | $26.7M-26.3% | $36.3M+18.3% | $30.7M+14.3% | $26.8M+9790.4% | -$277K |
| Interest Expense | $366K-1.6% | $372K+37.3% | $271K+191.4% | $93K-81.9% | $513K+81.9% | $282K-4.4% | $295K | N/A |
| Income Tax | $73K+314.7% | -$34K-155.7% | $61K-85.2% | $413K-57.7% | $976K-41.7% | $1.7M+775.9% | $191K | N/A |
| Net Income | $25.6M-1.3% | $26.0M-14.8% | $30.5M+13.3% | $26.9M-23.8% | $35.3M-28.0% | $49.0M+86.1% | $26.3M+1535.8% | $1.6M |
| EPS (Diluted) | $24.07 | $125.72-16.4% | $150.31 | $3.95-26.9% | $5.40 | $0.83+45.6% | $0.57 | N/A |
CHR Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $401.7M+15.9% | $346.6M+5.8% | $327.6M+59.1% | $206.0M+5.5% | $195.2M+36.1% | $143.4M+79.9% | $79.7M-68.4% | $252.4M |
| Current Assets | $366.6M+20.0% | $305.6M-0.4% | $306.9M+66.9% | $183.8M+19.7% | $153.5M+48.9% | $103.1M+70.5% | $60.5M+11378.6% | $527K |
| Cash & Equivalents | $242.1M+22.5% | $197.7M+1.6% | $194.5M+176.0% | $70.5M-8.8% | $77.3M+336.0% | $17.7M+156.3% | $6.9M+1600.0% | $407K |
| Accounts Receivable | $79.7M+3.4% | $77.1M-5.0% | $81.2M-17.2% | $98.0M+55.3% | $63.1M-22.2% | $81.1M+58.8% | $51.1M | N/A |
| Total Liabilities | $31.9M-23.1% | $41.5M-12.8% | $47.6M+42.3% | $33.5M-6.3% | $35.7M-8.3% | $38.9M+123.2% | $17.5M-92.3% | $227.8M |
| Current Liabilities | $31.8M-20.3% | $39.9M-13.7% | $46.2M+40.5% | $32.9M-4.8% | $34.6M-2.3% | $35.4M+124.7% | $15.7M+66045.4% | $24K |
| Long-Term Debt | N/A | N/A | $1.4M | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $369.7M+21.2% | $305.0M+9.0% | $279.9M+62.3% | $172.4M+8.5% | $158.9M+52.8% | $104.0M+68.3% | $61.8M+150.8% | $24.6M |
| Retained Earnings | $232.7M+12.4% | $207.1M+14.3% | $181.2M+20.2% | $150.7M+21.5% | $124.0M+38.9% | $89.3M+80.2% | $49.5M+2979.1% | $1.6M |
Not reported in any period shown, so not listed: Inventory, Goodwill.
CHR Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $17.9M-21.6% | $22.9M-45.8% | $42.2M+445.0% | $7.7M-83.3% | $46.5M+431.5% | $8.7M-66.5% | $26.1M+7093.9% | -$373K |
| Capital Expenditures | N/A | $1K-66.7% | $3K-88.0% | $25K-65.3% | $72K | N/A | N/A | N/A |
| Free Cash Flow | N/A | $22.9M-45.8% | $42.2M+446.7% | $7.7M-83.4% | $46.4M | N/A | N/A | N/A |
| Investing Cash Flow | -$709K+97.1% | -$24.9M-828633.3% | -$3K+100.0% | -$8.0M-660.1% | -$1.1M+76.2% | -$4.4M+71.2% | -$15.3M+93.9% | -$250.0M |
| Financing Cash Flow | $17.8M+68.9% | $10.6M-87.1% | $82.0M+16045.9% | $508K-96.2% | $13.3M+146.9% | $5.4M+186.5% | -$6.2M-102.5% | $250.8M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
CHR Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 71.0%-2.3pp | 73.2%-0.8pp | 74.0%-0.2pp | 74.2%-3.0pp | 77.2% | N/A | N/A | N/A |
| Operating Margin | 17.7%+0.3pp | 17.4%-1.8pp | 19.2%+2.2pp | 17.0%-6.7pp | 23.7%-1.1pp | 24.8%-16.0pp | 40.8% | N/A |
| Net Margin | 17.2%-0.4pp | 17.6%-2.4pp | 20.0%+2.9pp | 17.1%-6.0pp | 23.1%-16.5pp | 39.6%-0.4pp | 40.0% | N/A |
| Return on Equity | 6.9%-1.6pp | 8.5%-2.4pp | 10.9%-4.7pp | 15.6%-6.6pp | 22.2%-24.9pp | 47.1%+4.5pp | 42.6%+36.1pp | 6.5% |
| Return on Assets | 6.4%-1.1pp | 7.5%-1.8pp | 9.3%-3.8pp | 13.1%-5.0pp | 18.1%-16.1pp | 34.2%+1.1pp | 33.0%+32.4pp | 0.6% |
| Current Ratio | 11.53+3.9x | 7.66+1.0x | 6.64+1.1x | 5.59+1.1x | 4.44+1.5x | 2.92-0.9x | 3.84-18.3x | 22.15 |
| Debt-to-Equity | 0.090.0x | 0.14+0.1x | 0.01-0.2x | 0.190.0x | 0.22-0.1x | 0.37+0.1x | 0.28-9.0x | 9.25 |
| FCF Margin | N/A | 15.5%-12.1pp | 27.7%+22.8pp | 4.9%-25.4pp | 30.3% | N/A | N/A | N/A |
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Where Cheer Holding Ranks
Frequently Asked Questions
What is Cheer Holding's annual revenue?
Cheer Holding (CHR) reported $148.8M in total revenue for fiscal year 2025. This represents a 1.1% 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 grew by 1.1% year-over-year, from $147.2M to $148.8M in fiscal year 2025.
Is Cheer Holding profitable?
Yes, Cheer Holding (CHR) reported a net income of $25.6M in fiscal year 2025, with a net profit margin of 17.2%.
What is Cheer Holding's EBITDA?
Cheer Holding (CHR) had EBITDA of $33.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Cheer Holding's gross margin?
Cheer Holding (CHR) had a gross margin of 71.0% in fiscal year 2025, 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 17.7% in fiscal year 2025, 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 17.2% in fiscal year 2025, 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 6.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Cheer Holding's operating cash flow?
Cheer Holding (CHR) generated $17.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Cheer Holding's total assets?
Cheer Holding (CHR) had $401.7M in total assets as of fiscal year 2025, including both current and long-term assets.
How much does Cheer Holding spend on research and development?
Cheer Holding (CHR) invested $5.2M in research and development during fiscal year 2025.
What is Cheer Holding's current ratio?
Cheer Holding (CHR) had a current ratio of 11.53 as of fiscal year 2025, which is generally considered healthy.
What is Cheer Holding's debt-to-equity ratio?
Cheer Holding (CHR) had a debt-to-equity ratio of 0.09 as of fiscal year 2025, 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 6.4% for fiscal year 2025, 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 2.46, 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 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 0.70x, 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.
Can Cheer Holding cover its interest payments?
Cheer Holding (CHR) has an interest coverage ratio of 71.83x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Cheer Holding?
Cheer Holding (CHR) scores 73 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.