Jakks Pacific Reports Fourth Quarter and Full-Year 2025 Financial Results
Rhea-AI Summary
JAKKS Pacific (Nasdaq: JAKK) reported Q4 2025 net sales of $127.1M (down 3% YoY) and full-year net sales of $570.7M (down 17% YoY). Q4 gross margin rose to 31.0% (+380 bps) and full-year gross margin reached 32.4%, the highest in 15 years. Full-year adjusted EBITDA was $35.4M. The Board declared a $0.25 quarterly dividend payable March 30, 2026.
End-of-year cash was $54.1M; cash returned to shareholders totaled $11.2M ($1.00 per share).
Positive
- Full-year gross margin improved to 32.4%, highest in 15 years
- Q4 gross margin increased by 380 basis points vs. Q4 2024
- Board declared quarterly $0.25 dividend, continuing cash returns
- Returned $11.2M to shareholders in 2025 ($1.00 per share)
- Q4 Adjusted EBITDA improved by $6.3M vs. Q4 2024
Negative
- Full-year net sales declined 17% to $570.7M
- Toys/Consumer Products net sales down 19% for full year
- Operating income fell 64% to $14.2M from $39.7M
- Full-year Adjusted EBITDA decreased to $35.4M from $59.3M
- End-of-year cash declined to $54.1M from $70.1M
Key Figures
Market Reality Check
Peers on Argus
Pre-news, JAKK was down 1.69% while key peers showed mixed moves: PLBY (+1.01%), SRM (+32.05%), FNKO (+0.72%), ESCA (-0.14%). No peers appeared in the momentum scanner, indicating stock-specific dynamics rather than a coordinated sector move.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Oct 30 | Q3 2025 earnings | Negative | +0.5% | Sharp year-over-year Q3 sales and profit slowdown amid tariff headwinds. |
| Oct 09 | Q3 call notice | Neutral | -2.4% | Announcement of Q3 2025 earnings date and conference call logistics. |
| Jul 24 | Q2 2025 earnings | Negative | +0.4% | Q2 sales drop and swing to operating loss despite resilient gross margins. |
| Jul 10 | Q2 call notice | Neutral | -1.6% | Scheduling of Q2 and first-half 2025 results call and webcast details. |
| Apr 29 | Q1 2025 earnings | Positive | -0.9% | Strong Q1 revenue growth, margin expansion, and reduced losses with dividend. |
Earnings-related headlines have tended to see small, sometimes contrarian moves, with an average move of about -0.81% and several instances where the stock dipped on strong results or rose on weaker reports.
Across 2025, JAKKS’ earnings cadence showed strong early momentum followed by tariff-driven slowdowns. Q1 2025 delivered robust growth with net sales of $113.3M and a sharply higher gross margin. Q2 and Q3 2025 then reported double‑digit sales declines and shrinking profitability, though dividends of $0.25 per quarter were maintained. Today’s Q4 and full‑year 2025 release extends that narrative: net sales fell to $570.7M for the year, but gross margin improved to 32.4% and the company remained profitable with $9.9M in net income and continued cash returns to shareholders.
Historical Comparison
In the past year, JAKK issued 5 earnings-related releases with an average move of -0.81%. Today’s Q4 and full-year 2025 report extends the pattern of margin resilience alongside revenue pressure and modest share reactions.
Earnings across 2025 showed a trajectory from strong Q1 growth to Q2–Q3 sales declines linked to tariffs, with margins holding in the low-30% range and a recurring $0.25 quarterly dividend. The new Q4/full-year 2025 results cap that arc with lower annual sales of $570.7M, improved 32.4% gross margin and positive full-year net income.
Regulatory & Risk Context
An effective S-3 shelf filed on Oct 29, 2025 registers up to $150,000,000 of securities, including an at-the-market program of up to $75,000,000 of common stock under a sales agreement with B. Riley Securities. The ATM is part of the overall shelf capacity, and no usage is recorded so far (usage_count 0).
Market Pulse Summary
This announcement highlights a mixed 2025: net sales declined to $570.7M, but gross margin improved to 32.4%, the highest in fifteen years, and full-year net income reached $9.9M. Management emphasized tariff-related disruptions, yet maintained dividends totaling $1.00 per share. Historically, earnings news produced modest average moves of about -0.81%. Investors may watch future quarters for revenue stabilization, further margin resilience, cash trends from the $54.1M balance, and any use of the $150M S-3 shelf.
Key Terms
adjusted EBITDA financial
adjusted net income financial
non-GAAP financial measures financial
AI-generated analysis. Not financial advice.
Q4 in line with expectations with bottom-line growth; Board approves cash dividend
SANTA MONICA, Calif., Feb. 19, 2026 (GLOBE NEWSWIRE) -- JAKKS Pacific, Inc. (Nasdaq: JAKK) today reported financial results for the fourth quarter and fiscal year ended December 31, 2025.
Fourth Quarter 2025
- Net sales were
$127.1 million , a year-over-year decrease of3% - Toys/Consumer Products net sales were
$118.0 million , essentially flat to$118.2 million last year - Costumes net sales were
$9.1 million , a year-over-year decrease of28%
- Toys/Consumer Products net sales were
- Gross margin of
31.0% , up 380 basis points vs. Q4 2024 - Gross profit of
$39.4 million , up11% compared to$35.6 million in Q4 2024 - Operating loss of
$8.6 million in Q4 2025, an improvement of$6.1 million vs. a loss of$14.7 million in Q4 2024 - Net loss attributable to common stockholders of
$5.3 million or$0.47 per diluted share, compared to net loss attributable to common stockholders of$9.1 million or$0.83 per diluted share in Q4 2024 - Adjusted net loss attributable to common stockholders (a non-GAAP measure) of
$2.0 million or$0.18 per diluted share, compared to adjusted net loss attributable to common stockholders of$7.4 million or$0.67 per diluted share in Q4 2024 - Adjusted EBITDA (a non-GAAP measure) of
$(3.8) million vs.$(10.2) million in Q4 2024, an improvement of$6.3 million
Full-Year 2025
- Net sales were
$570.7 million compared to$691.0 million last year, a17% decrease- Toys/Consumer Products net sales were
$461.9 million , a year-over-year decrease of19% - Costumes net sales were
$108.7 million , a year-over-year decrease of10%
- Toys/Consumer Products net sales were
- Gross margin of
32.4% compared to30.8% last year - Gross profit of
$185.1 million , down13% compared to$213.0 million last year - Operating income of
$14.2 million compared to$39.7 million last year: a64% decrease - Net income attributable to common stockholders of
$9.9 million , down from a net income attributable to common stockholders of$35.3 million in 2024 - Adjusted net income attributable to common stockholders of
$18.6 million ($1.62 per diluted share), down from adjusted net income attributable to common stockholders of$42.6 million ($3.79 per diluted share) in 2024 - Adjusted EBITDA of
$35.4 million , down from$59.3 million in 2024 - Cash returned to shareholders of
$11.2 million ,$1 per common share. - End of year cash and cash equivalents of
$54.1 million , down from$70.1 million in 2024
Management Commentary
“We are pleased with everything we accomplished as 2025 draws to a close. I think when we look back, we’ll see it as a very important year in the history of our company,” said Stephen Berman, Chairman and CEO of JAKKS Pacific. “On the surface, the downward pressure on the full-year financials from tariff policy might be all that some people can see now. What I also reflect upon, however, is the number of areas where we nonetheless made substantial progress towards longer-term goals despite that disruption. We elevated and broadened our relationships with existing factories, licensors and customers, with a global worldview. We also made substantial progress expanding our relationship portfolio in anticipation of a new strategic initiative set to launch in 2027. We were transparent with our shareholders about our perspective on market dynamics and the resulting challenges. We followed through with what we said we would do, refusing to chase topline sales at the expense of bottom-line margin. And we completed our first full year as a cash dividend payer, returning
Our fourth quarter results were roughly in line with our expectations. The significant customer order disruptions of Q2 and Q3 driven by rapidly changing tariff policy abated in Q4 and allowed for a slightly more predictable environment. Our Toy/Consumer Products division net sales were roughly flat in Q4, at
Other Financial Highlights
Sales in the United States were down
Inventory was
The Board of Directors has declared a quarterly dividend of
Use of Non-GAAP Financial Information and Reconciliation of GAAP to Non-GAAP measures:
In addition to the preliminary results reported in accordance with U.S. GAAP included in this release, the Company has provided certain non-GAAP financial information including Adjusted EBITDA and Adjusted Net Income (Loss) that exclude various items that are detailed in the financial tables and accompanying footnotes reconciling GAAP to non-GAAP results contained in this release. The non-GAAP financial measures included in the press release are reconciled to the corresponding GAAP financial measures below, as required under the rules of the Securities and Exchange Commission regarding the use of non-GAAP financial measures.
We define Adjusted EBITDA as income (loss) from operations before depreciation, amortization and adjusted for certain non-recurring and non-cash charges, such as reorganization expenses and restricted stock compensation expense. Net income (loss) is similarly adjusted and tax-effected to arrive at Adjusted Net Income (Loss). Adjusted EBITDA and Adjusted Net Income (Loss) are not recognized financial measures under GAAP, but we believe that they are useful in measuring our operating performance, enhance an overall understanding of the Company’s past financial performance, and provides useful information to the investor by comparing our performance across reporting periods on a consistent basis. Investors should not consider these measures in isolation or as a substitute for net income, operating income, or any other measure for determining the Company’s operating performance that is calculated in accordance with GAAP. In addition, because these measures are not calculated in accordance with GAAP, they may not necessarily be comparable to similarly titled measures employed by other companies.
The non-GAAP financial measures included in the press release are reconciled to the corresponding GAAP financial measures below, as required under the rules of the Securities and Exchange Commission regarding the use of non-GAAP financial measures. See “Use of Non-GAAP Financial Information” for additional disclosures with respect to the use of non-GAAP financial information.
Conference Call Live Webcast
JAKKS Pacific, Inc. invites analysts, investors and media to listen to the teleconference scheduled for 5:00 p.m. ET / 2:00 p.m. PT on February 19, 2026. A live webcast of the call will be available on the “Investor Relations” page of the Company’s website at www.jakks.com/investors. To access the call by phone, please go to this link (4Q25 Registration link), and you will be provided with dial-in details. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. A replay of the webcast will also be available for a limited time at (www.jakks.com/investors).
About JAKKS Pacific, Inc.
JAKKS Pacific, Inc. is a leading designer, manufacturer and marketer of toys, costumes and consumer products sold throughout the world, with its headquarters in Santa Monica, California. JAKKS Pacific’s popular proprietary brands include Disguise®, Fly Wheels®, Charming®, KidTopia®, Moose Mountain®, Maui®, ReDo® Skateboard Co., Sky Ball®, and Xtreme Power Dozer® as well as a wide range of entertainment-inspired products featuring premier licensed properties. Through their products and charitable donations, JAKKS is helping to make a positive impact on the lives of children. Visit us at www.jakks.com and follow us on Instagram (@jakkspacific.toys), X (@jakkstoys), YouTube (@JAKKSPacific), Facebook (@jakkspacific.toys) and LinkedIn (JAKKS Pacific).
Forward Looking Statements
This press release may contain “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995) that are based on current expectations, estimates and projections about JAKKS Pacific's business based partly on assumptions made by its management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such statements due to numerous factors, including, but not limited to, those described above, changes in demand for JAKKS Pacific's products, product mix, the timing of customer orders and deliveries, the impact of competitive products, tariff policy and pricing, or any future transactions will result in future growth or success of JAKKS. The “forward-looking statements” contained herein speak only as of the date on which they are made, and JAKKS undertakes no obligation to update any of them to reflect events or circumstances after the date of this release.
| CONTACT: |
| JAKKS Pacific Investor Relations |
| (424) 268-9567 Lucas Natalini investors@jakks.net |
| JAKKS Pacific, Inc. and Subsidiaries | |||||||||||
| Condensed Consolidated Balance Sheets (Unaudited) | |||||||||||
| December 31, | |||||||||||
| 2025 | 2024 | ||||||||||
| (In thousands) | |||||||||||
| Assets | |||||||||||
| Current assets: | |||||||||||
| Cash and cash equivalents | $ | 52,197 | $ | 69,936 | |||||||
| Restricted cash | 1,869 | 201 | |||||||||
| Accounts receivable, net | 138,341 | 131,629 | |||||||||
| Inventory | 59,805 | 52,780 | |||||||||
| Prepaid expenses and other assets | 16,873 | 14,141 | |||||||||
| Total current assets | 269,085 | 268,687 | |||||||||
| Property and equipment | 152,224 | 142,623 | |||||||||
| Less accumulated depreciation and amortization | 133,216 | 126,981 | |||||||||
| Property and equipment, net | 19,008 | 15,642 | |||||||||
| Operating lease right-of-use assets, net | 46,776 | 53,254 | |||||||||
| Deferred income tax assets, net | 69,569 | 70,394 | |||||||||
| Goodwill | 35,077 | 35,111 | |||||||||
| Other long-term assets | 2,682 | 1,781 | |||||||||
| Total assets | $ | 442,197 | $ | 444,869 | |||||||
| Liabilities and Stockholders' Equity | |||||||||||
| Current liabilities: | |||||||||||
| Accounts payable | $ | 55,558 | $ | 42,560 | |||||||
| Accounts payable - Meisheng (related party) | - | 13,461 | |||||||||
| Accrued expenses | 43,076 | 48,456 | |||||||||
| Reserve for sales returns and allowances | 33,569 | 35,817 | |||||||||
| Income taxes payable | 2,119 | 1,035 | |||||||||
| Short term operating lease liabilities | 13,784 | 8,091 | |||||||||
| Total current liabilities | 148,106 | 149,420 | |||||||||
| Long term operating lease liabilities | 39,578 | 48,433 | |||||||||
| Accrued expenses - long term | 4,463 | 2,563 | |||||||||
| Income taxes payable | 945 | 3,620 | |||||||||
| Total liabilities | 193,092 | 204,036 | |||||||||
| Stockholders' equity: | |||||||||||
| Common stock, $.001 par value | 11 | 11 | |||||||||
| Additional paid-in capital | 302,408 | 297,198 | |||||||||
| Accumulated deficit | (41,021 | ) | (39,692 | ) | |||||||
| Accumulated other comprehensive loss | (12,293 | ) | (17,184 | ) | |||||||
| Total JAKKS Pacific, Inc. stockholders' equity | 249,105 | 240,333 | |||||||||
| Non-controlling interests | - | 500 | |||||||||
| Total stockholders' equity | 249,105 | 240,833 | |||||||||
| Total liabilities and stockholders' equity | $ | 442,197 | $ | 444,869 | |||||||
| Supplemental Balance Sheet and Cash Flow Data (Unaudited) | |||||||||||
| December 31, | |||||||||||
| Key Balance Sheet Data: | 2025 | 2024 | |||||||||
| Accounts receivable days sales outstanding (DSO) | 100 | 93 | |||||||||
| Inventory turnover (DSI) | 63 | 51 | |||||||||
| Twelve Months Ended December 31, | |||||||||||
| Condensed Cash Flow Data: | 2025 | 2024 | |||||||||
| Cash flows from operating activities | $ | 8,492 | $ | 38,947 | |||||||
| Cash flows used in investing activities | (12,344 | ) | (12,889 | ) | |||||||
| Cash flows used in financing activities and other | (12,219 | ) | (28,475 | ) | |||||||
| Decrease in cash, cash equivalents and restricted cash | $ | (16,071 | ) | $ | (2,417 | ) | |||||
| Capital expenditures | $ | (9,563 | ) | $ | (11,246 | ) | |||||
| JAKKS Pacific, Inc. and Subsidiaries | |||||||||||||||||||||||||
| Condensed Consolidated Statements of Operations (Unaudited) | |||||||||||||||||||||||||
| Three Months Ended December 31, | Twelve Months Ended December 31, | ||||||||||||||||||||||||
| 2025 | 2024 | Δ (%) | 2025 | 2024 | Δ (%) | ||||||||||||||||||||
| (In thousands, except per share data) | (In thousands, except per share data) | ||||||||||||||||||||||||
| Net sales | $ | 127,114 | $ | 130,741 | (3 | ) | % | $ | 570,671 | $ | 691,042 | (17 | ) | % | |||||||||||
| Less: Cost of sales | |||||||||||||||||||||||||
| Cost of goods | 65,265 | 72,373 | (10 | ) | 283,521 | 361,563 | (22 | ) | |||||||||||||||||
| Royalty expense | 20,605 | 20,623 | (0 | ) | 92,381 | 106,804 | (14 | ) | |||||||||||||||||
| Amortization of tools and molds | 1,843 | 2,192 | (16 | ) | 9,689 | 9,654 | 0 | ||||||||||||||||||
| Cost of sales | 87,713 | 95,188 | (8 | ) | 385,591 | 478,021 | (19 | ) | |||||||||||||||||
| Gross profit | 39,401 | 35,553 | 11 | 185,080 | 213,021 | (13 | ) | ||||||||||||||||||
| Direct selling expenses | 15,519 | 18,201 | (15 | ) | 36,858 | 40,105 | (8 | ) | |||||||||||||||||
| General and administrative expenses | 32,325 | 31,953 | 1 | 133,460 | 132,840 | 0 | |||||||||||||||||||
| Depreciation and amortization | 162 | 117 | 38 | 544 | 392 | 39 | |||||||||||||||||||
| Selling, general and administrative expenses | 48,006 | 50,271 | (5 | ) | 170,862 | 173,337 | (1 | ) | |||||||||||||||||
| Income (loss) from operations | (8,605 | ) | (14,718 | ) | (42 | ) | 14,218 | 39,684 | (64 | ) | |||||||||||||||
| Other income (expense): | |||||||||||||||||||||||||
| Loss from joint ventures | - | - | - | - | - | - | |||||||||||||||||||
| Other income (expense), net | 32 | 8 | 300 | 450 | 302 | 49 | |||||||||||||||||||
| Change in fair value of preferred stock derivative liability | - | - | - | - | - | - | |||||||||||||||||||
| Loss on debt extinguishment | (9 | ) | - | nm | (427 | ) | - | nm | |||||||||||||||||
| Interest income | 163 | 308 | (47 | ) | 995 | 841 | 18 | ||||||||||||||||||
| Interest expense | (69 | ) | (157 | ) | (56 | ) | (471 | ) | (1,095 | ) | (57 | ) | |||||||||||||
| Income (loss) before provision for (benefit from) income taxes | (8,488 | ) | (14,559 | ) | (42 | ) | 14,765 | 39,732 | (63 | ) | |||||||||||||||
| Provision for (benefit from) income taxes | (3,168 | ) | (5,446 | ) | (42 | ) | 4,894 | 5,532 | (12 | ) | |||||||||||||||
| Net income (loss) | (5,320 | ) | (9,113 | ) | (42 | ) | 9,871 | 34,200 | (71 | ) | |||||||||||||||
| Net income (loss) attributable to non-controlling interests | - | - | - | - | 280 | nm | |||||||||||||||||||
| Net income (loss) attributable to JAKKS Pacific, Inc. | $ | (5,320 | ) | $ | (9,113 | ) | (42 | ) | % | $ | 9,871 | $ | 33,920 | (71 | ) | % | |||||||||
| Net income (loss) attributable to common stockholders | $ | (5,320 | ) | $ | (9,113 | ) | (42 | ) | % | $ | 9,871 | $ | 35,250 | (72 | ) | % | |||||||||
| Earnings (loss) per share - basic | $ | (0.47 | ) | $ | (0.83 | ) | $ | 0.88 | $ | 3.27 | |||||||||||||||
| Shares used in earnings (loss) per share - basic | 11,282 | 11,008 | 11,190 | 10,781 | |||||||||||||||||||||
| Earnings (loss) per share - diluted | $ | (0.47 | ) | $ | (0.83 | ) | $ | 0.86 | $ | 3.14 | |||||||||||||||
| Shares used in earnings (loss) per share - diluted | 11,282 | 11,008 | 11,491 | 11,226 | |||||||||||||||||||||
| Three Months Ended December 31, | Twelve Months Ended December 31, | ||||||||||||||||||||||||
| 2025 | 2024 | Δ bps | 2025 | 2024 | Δ bps | ||||||||||||||||||||
| Fav/(Unfav) | Fav/(Unfav) | ||||||||||||||||||||||||
| Net sales | 100.0 | % | 100.0 | % | - | 100.0 | % | 100.0 | % | - | |||||||||||||||
| Less: Cost of sales | |||||||||||||||||||||||||
| Cost of goods | 51.4 | 55.3 | 390 | 49.7 | 52.3 | 260 | |||||||||||||||||||
| Royalty expense | 16.2 | 15.8 | (40 | ) | 16.2 | 15.5 | (70 | ) | |||||||||||||||||
| Amortization of tools and molds | 1.4 | 1.7 | 30.0 | 1.7 | 1.4 | (30 | ) | ||||||||||||||||||
| Cost of sales | 69.0 | 72.8 | 380 | 67.6 | 69.2 | 160 | |||||||||||||||||||
| Gross profit | 31.0 | 27.2 | 380 | 32.4 | 30.8 | 160 | |||||||||||||||||||
| Direct selling expenses | 12.2 | 13.9 | 170 | 6.4 | 5.8 | (60 | ) | ||||||||||||||||||
| General and administrative expenses | 25.5 | 24.5 | (100 | ) | 23.4 | 19.2 | (420 | ) | |||||||||||||||||
| Depreciation and amortization | 0.1 | 0.1 | - | 0.1 | 0.1 | - | |||||||||||||||||||
| Selling, general and administrative expenses | 37.8 | 38.5 | 70 | 29.9 | 25.1 | (480 | ) | ||||||||||||||||||
| Income (loss) from operations | (6.8 | ) | (11.3 | ) | 450 | 2.5 | 5.7 | (320 | ) | ||||||||||||||||
| Other income (expense): | |||||||||||||||||||||||||
| Loss from joint ventures | - | - | - | - | |||||||||||||||||||||
| Other income (expense), net | - | - | 0.1 | 0.1 | |||||||||||||||||||||
| Change in fair value of preferred stock derivative liability | - | - | - | - | |||||||||||||||||||||
| Loss on debt extinguishment | - | - | (0.1 | ) | - | ||||||||||||||||||||
| Interest income | 0.1 | 0.2 | 0.2 | 0.1 | |||||||||||||||||||||
| Interest expense | - | (0.1 | ) | (0.1 | ) | (0.2 | ) | ||||||||||||||||||
| Income (loss) before provision for (benefit from) income taxes | (6.7 | ) | (11.2 | ) | 2.6 | 5.7 | |||||||||||||||||||
| Provision for (benefit from) income taxes | (2.5 | ) | (4.2 | ) | 0.9 | 0.8 | |||||||||||||||||||
| Net income (loss) | (4.2 | ) | (7.0 | ) | 1.7 | 4.9 | |||||||||||||||||||
| Net income (loss) attributable to non-controlling interests | - | - | - | - | |||||||||||||||||||||
| Net income (loss) attributable to JAKKS Pacific, Inc. | (4.2 | ) | % | (7.0 | ) | % | 1.7 | % | 4.9 | % | |||||||||||||||
| Net income (loss) attributable to common stockholders | (4.2 | ) | % | (7.0 | ) | % | 1.7 | % | 5.1 | % | |||||||||||||||
| JAKKS Pacific, Inc. and Subsidiaries | |||||||||||||||||||||||||
| Reconciliation of Non-GAAP Financial Information (Unaudited) | |||||||||||||||||||||||||
| Three Months Ended December 31, | Twelve Months Ended December 31, | ||||||||||||||||||||||||
| 2025 | 2024 | Δ ($) | 2025 | 2024 | Δ ($) | ||||||||||||||||||||
| (In thousands) | (In thousands) | ||||||||||||||||||||||||
| EBITDA and Adjusted EBITDA | |||||||||||||||||||||||||
| Net income (loss) | $ | (5,320 | ) | $ | (9,113 | ) | $ | 3,793 | $ | 9,871 | $ | 34,200 | $ | (24,329 | ) | ||||||||||
| Interest expense | 69 | 157 | (88 | ) | 471 | 1,095 | (624 | ) | |||||||||||||||||
| Interest income | (163 | ) | (308 | ) | 145 | (995 | ) | (841 | ) | (154 | ) | ||||||||||||||
| Provision for (benefit from) income taxes | (3,168 | ) | (5,446 | ) | 2,278 | 4,894 | 5,532 | (638 | ) | ||||||||||||||||
| Depreciation and amortization | 2,005 | 2,309 | (304 | ) | 10,233 | 10,046 | 187 | ||||||||||||||||||
| EBITDA | (6,577 | ) | (12,401 | ) | 5,824 | 24,474 | 50,032 | (25,558 | ) | ||||||||||||||||
| Adjustments: | |||||||||||||||||||||||||
| Other (income) expense, net | (32 | ) | (8 | ) | (24 | ) | (450 | ) | (302 | ) | (148 | ) | |||||||||||||
| Restricted stock compensation expense | 2,781 | 2,255 | 526 | 10,913 | 9,535 | 1,378 | |||||||||||||||||||
| Loss on debt extinguishment | 9 | - | 9 | 427 | - | 427 | |||||||||||||||||||
| Adjusted EBITDA | $ | (3,819 | ) | $ | (10,154 | ) | $ | 6,335 | $ | 35,364 | $ | 59,265 | $ | (23,901 | ) | ||||||||||
| Adjusted EBITDA/Net sales % | (3.0 | ) | % | (7.8 | ) | % | 480 bps | 6.2 | % | 8.6 | % | -240 bps | |||||||||||||
| Trailing Twelve Months Ended December 31, | |||||||||||||||||||||||||
| 2025 | 2024 | Δ ($) | |||||||||||||||||||||||
| (In thousands) | |||||||||||||||||||||||||
| TTM EBITDA and TTM Adjusted EBITDA | |||||||||||||||||||||||||
| TTM net income | $ | 9,871 | $ | 34,200 | $ | (24,329 | ) | ||||||||||||||||||
| Interest expense | 471 | 1,095 | (624 | ) | |||||||||||||||||||||
| Interest income | (995 | ) | (841 | ) | (154 | ) | |||||||||||||||||||
| Provision for income taxes | 4,894 | 5,532 | (638 | ) | |||||||||||||||||||||
| Depreciation and amortization | 10,233 | 10,046 | 187 | ||||||||||||||||||||||
| TTM EBITDA | 24,474 | 50,032 | (25,558 | ) | |||||||||||||||||||||
| Adjustments: | |||||||||||||||||||||||||
| Other (income) expense, net | (450 | ) | (302 | ) | (148 | ) | |||||||||||||||||||
| Restricted stock compensation expense | 10,913 | 9,535 | 1,378 | ||||||||||||||||||||||
| Change in fair value of preferred stock derivative liability | - | - | - | ||||||||||||||||||||||
| Loss on debt extinguishment | 427 | - | 427 | ||||||||||||||||||||||
| TTM Adjusted EBITDA | $ | 35,364 | $ | 59,265 | $ | (23,901 | ) | ||||||||||||||||||
| TTM Adjusted EBITDA/TTM Net sales % | 6.2 | % | 8.6 | % | -240 bps | ||||||||||||||||||||
| Three Months Ended December 31, | Twelve Months Ended December 31, | ||||||||||||||||||||||||
| 2025 | 2024 | Δ ($) | 2025 | 2024 | Δ ($) | ||||||||||||||||||||
| (In thousands, except per share data) | (In thousands, except per share data) | ||||||||||||||||||||||||
| Adjusted net income (loss) attributable to common stockholders | |||||||||||||||||||||||||
| Net income (loss) attributable to common stockholders | $ | (5,320 | ) | $ | (9,113 | ) | $ | 3,793 | $ | 9,871 | $ | 35,250 | $ | (25,379 | ) | ||||||||||
| Restricted stock compensation expense | 2,781 | 2,255 | 526 | 10,913 | 9,535 | 1,378 | |||||||||||||||||||
| Loss on debt extinguishment | 9 | - | 9 | 427 | - | 427 | |||||||||||||||||||
| Tax impact of additional charges | 521 | (544 | ) | 1,065 | (2,632 | ) | (2,225 | ) | (407 | ) | |||||||||||||||
| Adjusted net income (loss) attributable to common stockholders | $ | (2,009 | ) | $ | (7,402 | ) | $ | 5,393 | $ | 18,579 | $ | 42,560 | $ | (23,981 | ) | ||||||||||
| Adjusted earnings (loss) per share - basic | $ | (0.18 | ) | $ | (0.67 | ) | $ | 0.49 | $ | 1.66 | $ | 3.95 | $ | (2.29 | ) | ||||||||||
| Shares used in adjusted earnings (loss) per share - basic | 11,282 | 11,008 | 274 | 11,190 | 10,781 | 409 | |||||||||||||||||||
| Adjusted earnings (loss) per share - diluted | $ | (0.18 | ) | $ | (0.67 | ) | $ | 0.49 | $ | 1.62 | $ | 3.79 | $ | (2.17 | ) | ||||||||||
| Shares used in adjusted earnings (loss) per share - diluted | 11,282 | 11,008 | 274 | 11,491 | 11,226 | 265 | |||||||||||||||||||
| JAKKS Pacific, Inc. and Subsidiaries | ||||||||||||||||
| Net Sales by Division and Geographic Region | ||||||||||||||||
| (In thousands) | QTD Q4 | (In thousands) | YTD Q4 | |||||||||||||
| Divisions | 2025 | 2024 | 2023 | % Change 2025 v 2024 | % Change 2024 v 2023 | Divisions | 2025 | 2024 | 2023 | % Change 2025 v 2024 | % Change 2024 v 2023 | |||||
| Toys/Consumer Products | -0.2 | % | -0.5 | % | Toys/Consumer Products | -19.0 | % | -1.8 | % | |||||||
| Dolls, Role-Play/Dress-Up | 48,806 | 62,603 | 73,272 | -22.0 | % | -14.6 | % | Dolls, Role-Play/Dress-Up | 242,763 | 313,679 | 319,962 | -22.6 | % | -2.0 | % | |
| Action Play & Collectibles | 56,229 | 47,209 | 35,312 | 19.1 | % | 33.7 | % | Action Play & Collectibles | 181,962 | 215,521 | 219,446 | -15.6 | % | -1.8 | % | |
| Outdoor/Seasonal Toys | 13,005 | 8,421 | 10,272 | 54.4 | % | -18.0 | % | Outdoor/Seasonal Toys | 37,212 | 40,818 | 41,279 | -8.8 | % | -1.1 | % | |
| Costumes | -27.5 | % | 46.4 | % | Costumes | -10.2 | % | -7.5 | % | |||||||
| Total | $127,114 | $130,741 | $127,396 | -2.8 | % | 2.6 | % | Total | $570,671 | $691,042 | $711,557 | -17.4 | % | -2.9 | % | |
| (In thousands) | QTD Q4 | (In thousands) | YTD Q4 | |||||||||||||
| Regions | 2025 | 2024 | 2023 | % Change 2025 v 2024 | % Change 2024 v 2023 | Regions | 2025 | 2024 | 2023 | % Change 2025 v 2024 | % Change 2024 v 2023 | |||||
| United States | -7.8 | % | -2.9 | % | United States | -23.6 | % | -2.3 | % | |||||||
| Europe | 25,504 | 25,359 | 17,988 | 0.6 | % | 41.0 | % | Europe | 81,379 | 71,392 | 76,464 | 14.0 | % | -6.6 | % | |
| Latin America | 8,849 | 4,292 | 4,434 | 106.2 | % | -3.2 | % | Latin America | 36,421 | 38,159 | 32,024 | -4.6 | % | 19.2 | % | |
| Canada | 3,084 | 4,257 | 4,686 | -27.6 | % | -9.2 | % | Canada | 24,426 | 20,983 | 26,992 | 16.4 | % | -22.3 | % | |
| Asia | 1,388 | 1,523 | 2,140 | -8.9 | % | -28.8 | % | Asia | 4,982 | 6,101 | 8,543 | -18.3 | % | -28.6 | % | |
| Australia & New Zealand | 1,228 | 1,116 | 1,486 | 10.0 | % | -24.9 | % | Australia & New Zealand | 4,953 | 7,409 | 7,542 | -33.1 | % | -1.8 | % | |
| Middle East & Africa | 906 | 726 | 358 | 24.8 | % | 102.8 | % | Middle East & Africa | 1,905 | 1,985 | 2,127 | -4.0 | % | -6.7 | % | |
| Total | $127,114 | $130,741 | $127,396 | -2.8 | % | 2.6 | % | Total | $570,671 | $691,042 | $711,557 | -17.4 | % | -2.9 | % | |
| (In thousands) | QTD Q4 | (In thousands) | YTD Q4 | |||||||||||||
| Regions | 2025 | 2024 | 2023 | % Change 2025 v 2024 | % Change 2024 v 2023 | Regions | 2025 | 2024 | 2023 | % Change 2025 v 2024 | % Change 2024 v 2023 | |||||
| North America | -8.7 | % | -3.2 | % | North America | -22.1 | % | -3.2 | % | |||||||
| International | 37,875 | 33,016 | 26,406 | 14.7 | % | 25.0 | % | International | 129,640 | 125,046 | 126,700 | 3.7 | % | -1.3 | % | |
| Total | $127,114 | $130,741 | $127,396 | -2.8 | % | 2.6 | % | Total | $570,671 | $691,042 | $711,557 | -17.4 | % | -2.9 | % | |
| (In thousands) | QTD Q4 | (In thousands) | YTD Q4 | |||||||||||||
| Regions | 2025 | 2024 | 2023 | % Change 2025 v 2024 | % Change 2024 v 2023 | Regions | 2025 | 2024 | 2023 | % Change 2025 v 2024 | % Change 2024 v 2023 | |||||
| United States | -7.8 | % | -2.9 | % | United States | -23.6 | % | -2.3 | % | |||||||
| Rest of World | 40,959 | 37,273 | 31,092 | 9.9 | % | 19.9 | % | Rest of World | 154,066 | 146,029 | 153,692 | 5.5 | % | -5.0 | % | |
| Total | $127,114 | $130,741 | $127,396 | -2.8 | % | 2.6 | % | Total | $570,671 | $691,042 | $711,557 | -17.4 | % | -2.9 | % | |
FAQ
What were JAKK Q4 2025 sales and how did they compare to Q4 2024?
How did JAKK's full-year 2025 gross margin perform and why does it matter?
What is JAKK's dividend announcement for March 2026 and record date?
How did JAKK's adjusted EBITDA change for full-year 2025 and what does that indicate?
What was JAKK's cash position at year-end 2025 and shareholder cash returns for the year?
How did JAKK's Toys/Consumer Products segment perform in 2025 and what was the impact?
