JAKKS Pacific Reports Second Quarter 2025 Financial Results
JAKKS Pacific (NASDAQ: JAKK) reported mixed Q2 2025 financial results, with notable regional variations in performance. Net sales decreased 20% year-over-year to $119.1 million, primarily due to reduced direct-import sales. While US sales declined 31% to $87.0 million, Rest of World sales grew 41% to $32.1 million.
The company maintained a healthy gross margin of 32.8% (vs. 32.0% in Q2 2024) but reported an operating loss of $2.8 million compared to operating income of $7.6 million in Q2 2024. First-half 2025 results showed more stability with only a 3% decrease in net sales to $232.3 million, while gross margin improved to 33.6%. The Board declared a quarterly dividend of $0.25 per share, payable September 30, 2025.
JAKKS Pacific (NASDAQ: JAKK) ha riportato risultati finanziari del secondo trimestre 2025 contrastanti, con variazioni significative nelle performance a livello regionale. Le vendite nette sono diminuite del 20% su base annua, attestandosi a 119,1 milioni di dollari, principalmente a causa della riduzione delle vendite dirette di importazione. Mentre le vendite negli Stati Uniti sono calate del 31% a 87,0 milioni di dollari, quelle nel resto del mondo sono aumentate del 41% raggiungendo i 32,1 milioni di dollari.
L’azienda ha mantenuto un margine lordo solido del 32,8% (rispetto al 32,0% del secondo trimestre 2024), ma ha registrato una perdita operativa di 2,8 milioni di dollari rispetto a un utile operativo di 7,6 milioni nello stesso periodo del 2024. I risultati del primo semestre 2025 hanno mostrato maggiore stabilità con una diminuzione delle vendite nette del solo 3% a 232,3 milioni di dollari, mentre il margine lordo è migliorato al 33,6%. Il Consiglio di Amministrazione ha dichiarato un dividendo trimestrale di 0,25 dollari per azione, pagabile il 30 settembre 2025.
JAKKS Pacific (NASDAQ: JAKK) reportó resultados financieros mixtos en el segundo trimestre de 2025, con variaciones regionales notables en su desempeño. Las ventas netas disminuyeron un 20% interanual, hasta 119,1 millones de dólares, principalmente debido a una reducción en las ventas directas de importación. Mientras que las ventas en EE. UU. cayeron un 31% a 87,0 millones de dólares, las ventas en el resto del mundo crecieron un 41% hasta 32,1 millones de dólares.
La compañía mantuvo un margen bruto saludable del 32,8% (frente al 32,0% en el segundo trimestre de 2024), pero reportó una pérdida operativa de 2,8 millones de dólares en comparación con una ganancia operativa de 7,6 millones en el mismo trimestre de 2024. Los resultados del primer semestre de 2025 mostraron mayor estabilidad con solo una disminución del 3% en las ventas netas a 232,3 millones de dólares, mientras que el margen bruto mejoró al 33,6%. La Junta declaró un dividendo trimestral de 0,25 dólares por acción, pagadero el 30 de septiembre de 2025.
JAKKS Pacific (NASDAQ: JAKK)는 2025년 2분기 재무 실적에서 지역별로 상반된 성과를 보고했습니다. 순매출은 전년 동기 대비 20% 감소한 1억 1,910만 달러로, 주로 직접 수입 판매 감소에 기인합니다. 미국 내 매출은 31% 감소한 8,700만 달러를 기록한 반면, 세계 기타 지역 매출은 41% 증가한 3,210만 달러를 기록했습니다.
회사는 32.8%(2024년 2분기 32.0%)의 견고한 총이익률을 유지했으나, 2024년 2분기 760만 달러의 영업이익과 달리 280만 달러의 영업손실을 보고했습니다. 2025년 상반기 실적은 순매출이 3% 감소한 2억 3,230만 달러로 비교적 안정적이었으며, 총이익률은 33.6%로 개선되었습니다. 이사회는 2025년 9월 30일 지급 예정인 주당 0.25달러의 분기 배당금을 선언했습니다.
JAKKS Pacific (NASDAQ : JAKK) a publié des résultats financiers mitigés pour le deuxième trimestre 2025, avec des variations régionales notables dans les performances. Les ventes nettes ont diminué de 20 % en glissement annuel pour atteindre 119,1 millions de dollars, principalement en raison d'une baisse des ventes directes à l'importation. Alors que les ventes aux États-Unis ont chuté de 31 % à 87,0 millions de dollars, les ventes dans le reste du monde ont augmenté de 41 % pour atteindre 32,1 millions de dollars.
L'entreprise a maintenu une marge brute saine de 32,8 % (contre 32,0 % au deuxième trimestre 2024) mais a enregistré une perte d'exploitation de 2,8 millions de dollars, contre un bénéfice d'exploitation de 7,6 millions au deuxième trimestre 2024. Les résultats du premier semestre 2025 ont montré une plus grande stabilité avec une baisse des ventes nettes de seulement 3 % à 232,3 millions de dollars, tandis que la marge brute s'est améliorée à 33,6 %. Le conseil d'administration a déclaré un dividende trimestriel de 0,25 dollar par action, payable le 30 septembre 2025.
JAKKS Pacific (NASDAQ: JAKK) meldete gemischte Finanzergebnisse für das zweite Quartal 2025 mit deutlichen regionalen Leistungsunterschieden. Der Nettoumsatz sank im Jahresvergleich um 20 % auf 119,1 Millionen US-Dollar, hauptsächlich aufgrund reduzierter Direktimportverkäufe. Während die US-Verkäufe um 31 % auf 87,0 Millionen US-Dollar zurückgingen, stiegen die Verkäufe im Rest der Welt um 41 % auf 32,1 Millionen US-Dollar.
Das Unternehmen hielt eine gesunde Bruttomarge von 32,8 % (gegenüber 32,0 % im zweiten Quartal 2024) aufrecht, meldete jedoch einen Betriebsverlust von 2,8 Millionen US-Dollar gegenüber einem Betriebsgewinn von 7,6 Millionen US-Dollar im zweiten Quartal 2024. Die Ergebnisse für das erste Halbjahr 2025 zeigten mehr Stabilität mit nur einem Rückgang der Nettoumsätze um 3 % auf 232,3 Millionen US-Dollar, während die Bruttomarge auf 33,6 % verbessert wurde. Der Vorstand erklärte eine Quartalsdividende von 0,25 US-Dollar pro Aktie, zahlbar am 30. September 2025.
- None.
- Q2 2025 net sales declined 20% year-over-year to $119.1 million
- US sales dropped significantly by 31% to $87.0 million
- Operating loss of $2.8 million compared to $7.6 million operating income last year
- Adjusted EBITDA decreased to $2.3 million from $12.3 million in Q2 2024
- Inventory levels increased to $71.8 million from $51.3 million year-over-year
Insights
JAKKS Q2 shows mixed results with declining US sales offset by international growth; margins improved despite lower revenue.
JAKKS Pacific's Q2 2025 results reveal a 20% revenue decline to
Despite the revenue decline, gross margin improved slightly to
First-half 2025 results paint a more stable picture, with overall sales down just
The balance sheet shows improved liquidity with cash and equivalents at
The refinancing of the credit facility to a larger, cash-flow-funded structure enhances financial flexibility, which could prove crucial given the current challenging operating environment. Management's commentary acknowledges persistent market uncertainty while expressing confidence in the company's strategic direction, though concrete growth initiatives weren't detailed in the release.
US Sales down in the Quarter; Rest of World up
First-half Toy/Consumer Products sales flat to prior year
SANTA MONICA, Calif., July 24, 2025 (GLOBE NEWSWIRE) -- JAKKS Pacific, Inc. (NASDAQ: JAKK) today reported financial results for the second quarter ended June 30, 2025.
Second Quarter 2025
- Net sales were
$119.1 million , a year-over-year decrease of$29.5 million or20% , driven largely by a reduction in direct-import sales due to higher cost of importation- US net sales were
$87.0 million , down31% compared to Q2 2024 - Rest of World net sales were
$32.1 million , up41% compared to Q2 2024
- US net sales were
- Gross margin of
32.8% vs.32.0% in Q2 2024, driven by improved margin and volume of new product launches - Gross profit of
$39.0 million , down$8.6 million compared to$47.6 million in Q2 2024 - Operating loss of
$2.8 million , compared to operating income of$7.6 million in Q2 2024 - Adjusted net income attributable to common stockholders (a non-GAAP measure) of
$0.4 million (or$0.03 per share), compared to adjusted net income attributable to common stockholders of$7.3 million (or$0.65 per share) in Q2 2024 - Adjusted EBITDA (a non-GAAP measure) of
$2.3 million vs.$12.3 million in Q2 2024
First-Half 2025
- Net sales were
$232.3 million compared to$238.7 million last year, a3% decrease- Toys/Consumer Products net sales were
$187.8 million , flat to prior year - Costumes net sales were
$44.5 million , a year-over-year decrease of13%
- Toys/Consumer Products net sales were
- Gross margin of
33.6% compared to28.8% last year - Gross profit of
$78.0 million , up14% compared to$68.6 million last year - Operating loss of
$6.5 million compared to an operating loss of$13.7 million last year - Adjusted net income attributable to common stockholders of
$36,000 ($0.00 per share), up from adjusted net loss attributable to common stockholders of$4.0 million ($0.38 per share) in 2024 - Adjusted EBITDA of
$2.7 million , up from$(4.9) million in 2024
Management Commentary
“As challenging as this year is proving to be, we feel our first half results demonstrate that we are managing our business well despite the persistent uncertainty we’ve all been navigating,” said Stephen Berman, Chairman and CEO of JAKKS Pacific. “In a company of our size, we are constantly reminded that there are decisions and actions within our control and external influences that we must try to anticipate and adapt to when necessary. I feel we are capitalizing on our decades of experience and relationships to work through these challenges from a position of strength and remain confident about where we are headed.
The refinancing of our credit facility this quarter to a larger, cash-flow-funded structure further increases our financial resilience and preparedness to maximize the opportunities that lie ahead for us.”
Second Quarter & First-Half 2025 Results
Net sales for the second quarter of 2025 were
Net sales for the first half of 2025 were
The Company’s cash and cash equivalents (including restricted cash) totaled
The Board of Directors has declared a quarterly dividend of
Use of Non-GAAP Financial Information and Forward-Looking Statements
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 provide 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.
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 specific products, product mix, the timing of customers’ orders and deliveries, the imposition, threat or uncertainty of tariffs, including reciprocal or retaliatory tariffs, the impact of competitive products and pricing, or that 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.
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 July 24, 2025. 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 (2Q25 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 and consumer products sold throughout the world, with its headquarters in Santa Monica, California. JAKKS Pacific’s popular proprietary brands include: AirTitans®, Disguise®, Fly Wheels®, JAKKS Wild Games®, Moose Mountain®, Maui®, Perfectly Cute®, ReDo® Skateboard Co., Sky Ball®, SportsZone™, Xtreme Power Dozer®, WeeeDo® and Wild Manes™ as well as a wide range of entertainment-inspired products featuring premier licensed properties. Through our products and our 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) and Facebook (@jakkspacific.toys).
| CONTACT: |
| JAKKS Pacific Investor Relations |
| (424) 268-9567 Lucas Natalini; investors@jakks.net |
| JAKKS Pacific, Inc. and Subsidiaries | |||||||||||||||||||
| Condensed Consolidated Balance Sheets (Unaudited) | |||||||||||||||||||
| June 30, | December 31, | ||||||||||||||||||
| 2025 | 2024 | 2024 | |||||||||||||||||
| (In thousands) | |||||||||||||||||||
| Assets | |||||||||||||||||||
| Current assets: | |||||||||||||||||||
| Cash and cash equivalents | $ | 38,195 | $ | 17,700 | $ | 69,936 | |||||||||||||
| Restricted cash | 4,861 | 202 | 201 | ||||||||||||||||
| Accounts receivable, net | 124,489 | 140,006 | 131,629 | ||||||||||||||||
| Inventory | 71,811 | 51,327 | 52,780 | ||||||||||||||||
| Prepaid expenses and other assets | 22,575 | 26,457 | 14,141 | ||||||||||||||||
| Total current assets | 261,931 | 235,692 | 268,687 | ||||||||||||||||
| Property and equipment | 146,661 | 141,326 | 142,623 | ||||||||||||||||
| Less accumulated depreciation and amortization | 126,890 | 124,580 | 126,981 | ||||||||||||||||
| Property and equipment, net | 19,771 | 16,746 | 15,642 | ||||||||||||||||
| Operating lease right-of-use assets, net | 49,931 | 20,667 | 53,254 | ||||||||||||||||
| Deferred income tax assets, net | 70,401 | 68,141 | 70,394 | ||||||||||||||||
| Goodwill | 34,950 | 35,029 | 35,111 | ||||||||||||||||
| Other long-term assets | 1,734 | 1,976 | 1,781 | ||||||||||||||||
| Total assets | $ | 438,718 | $ | 378,251 | $ | 444,869 | |||||||||||||
| Liabilities and Stockholders' Equity | |||||||||||||||||||
| Current liabilities: | |||||||||||||||||||
| Accounts payable | $ | 65,422 | $ | 55,368 | $ | 42,560 | |||||||||||||
| Accounts payable - Meisheng (related party) | - | 19,130 | 13,461 | ||||||||||||||||
| Accrued expenses | 45,890 | 45,026 | 48,456 | ||||||||||||||||
| Reserve for sales returns and allowances | 29,116 | 29,456 | 35,817 | ||||||||||||||||
| Income taxes payable | - | - | 1,035 | ||||||||||||||||
| Short term operating lease liabilities | 12,405 | 7,777 | 8,091 | ||||||||||||||||
| Short term debt, net | - | 5,000 | - | ||||||||||||||||
| Total current liabilities | 152,833 | 161,757 | 149,420 | ||||||||||||||||
| Long term operating lease liabilities | 43,881 | 14,859 | 48,433 | ||||||||||||||||
| Accrued expenses - long term | 3,222 | 2,299 | 2,563 | ||||||||||||||||
| Income taxes payable | 2,045 | 3,441 | 3,620 | ||||||||||||||||
| Total liabilities | 201,981 | 182,356 | 204,036 | ||||||||||||||||
| Stockholders' equity: | |||||||||||||||||||
| Common stock, $.001 par value | 11 | 11 | 11 | ||||||||||||||||
| Additional paid-in capital | 299,110 | 294,543 | 297,198 | ||||||||||||||||
| Accumulated deficit | (49,965 | ) | (82,851 | ) | (39,692 | ) | |||||||||||||
| Accumulated other comprehensive loss | (12,919 | ) | (16,308 | ) | (17,184 | ) | |||||||||||||
| Total JAKKS Pacific, Inc. stockholders' equity | 236,237 | 195,395 | 240,333 | ||||||||||||||||
| Non-controlling interests | 500 | 500 | 500 | ||||||||||||||||
| Total stockholders' equity | 236,737 | 195,895 | 240,833 | ||||||||||||||||
| Total liabilities and stockholders' equity | $ | 438,718 | $ | 378,251 | $ | 444,869 | |||||||||||||
| Supplemental Balance Sheet and Cash Flow Data (Unaudited) | |||||||||||||||||||
| June 30, | |||||||||||||||||||
| Key Balance Sheet Data: | 2025 | 2024 | |||||||||||||||||
| Accounts receivable days sales outstanding (DSO) | 95 | 86 | |||||||||||||||||
| Inventory turnover (DSI) | 82 | 46 | |||||||||||||||||
| Six Months Ended June 30, | |||||||||||||||||||
| Condensed Cash Flow Data: | 2025 | 2024 | |||||||||||||||||
| Cash flows used in operating activities | $ | (15,585 | ) | $ | (27,666 | ) | |||||||||||||
| Cash flows used in investing activities | (6,361 | ) | (6,174 | ) | |||||||||||||||
| Cash flows used in financing activities and other | (5,135 | ) | (20,812 | ) | |||||||||||||||
| Increase in cash, cash equivalents and restricted cash | $ | (27,081 | ) | $ | (54,652 | ) | |||||||||||||
| Capital expenditures | $ | (4,816 | ) | $ | (4,627 | ) | |||||||||||||
| JAKKS Pacific, Inc. and Subsidiaries | |||||||||||||||||||||||||||
| Condensed Consolidated Statements of Operations (Unaudited) | |||||||||||||||||||||||||||
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||||||
| 2025 | 2024 | Δ (%) | 2025 | 2024 | Δ (%) | ||||||||||||||||||||||
| (In thousands, except per share data) | (In thousands, except per share data) | ||||||||||||||||||||||||||
| Net sales | $ | 119,094 | $ | 148,619 | (20 | ) | % | $ | 232,347 | $ | 238,695 | (3 | ) | % | |||||||||||||
| Less: Cost of sales | |||||||||||||||||||||||||||
| Cost of goods | 58,784 | 76,599 | (23 | ) | 113,410 | 130,420 | (13 | ) | |||||||||||||||||||
| Royalty expense | 19,509 | 22,394 | (13 | ) | 37,677 | 36,170 | 4 | ||||||||||||||||||||
| Amortization of tools and molds | 1,778 | 2,041 | (13 | ) | 3,224 | 3,468 | (7 | ) | |||||||||||||||||||
| Cost of sales | 80,071 | 101,034 | (21 | ) | 154,311 | 170,058 | (9 | ) | |||||||||||||||||||
| Gross profit | 39,023 | 47,585 | (18 | ) | 78,036 | 68,637 | 14 | ||||||||||||||||||||
| Direct selling expenses | 6,710 | 6,255 | 7 | 15,406 | 14,352 | 7 | |||||||||||||||||||||
| General and administrative expenses | 34,974 | 33,594 | 4 | 68,935 | 67,786 | 2 | |||||||||||||||||||||
| Depreciation and amortization | 122 | 93 | 31 | 235 | 180 | 31 | |||||||||||||||||||||
| Selling, general and administrative expenses | 41,806 | 39,942 | 5 | 84,576 | 82,318 | 3 | |||||||||||||||||||||
| Income (loss) from operations | (2,783 | ) | 7,643 | nm | (6,540 | ) | (13,681 | ) | (52 | ) | |||||||||||||||||
| Other income (expense): | |||||||||||||||||||||||||||
| Loss from joint ventures | - | - | - | - | - | - | |||||||||||||||||||||
| Other income (expense), net | 25 | 72 | (65 | ) | 30 | 210 | (86 | ) | |||||||||||||||||||
| Change in fair value of preferred stock derivative liability | - | - | - | - | - | - | |||||||||||||||||||||
| Loss on debt extinguishment | (417 | ) | - | nm | (417 | ) | - | nm | |||||||||||||||||||
| Interest income | 395 | 88 | 349 | 757 | 464 | 63 | |||||||||||||||||||||
| Interest expense | (145 | ) | (256 | ) | (43 | ) | (300 | ) | (399 | ) | (25 | ) | |||||||||||||||
| Income (loss) before benefit from income taxes | (2,925 | ) | 7,547 | nm | (6,470 | ) | (13,406 | ) | (52 | ) | |||||||||||||||||
| Provision for (benefit from) income taxes | (606 | ) | 2,281 | nm | (1,769 | ) | (4,447 | ) | (60 | ) | |||||||||||||||||
| Net income (loss) | (2,319 | ) | 5,266 | nm | (4,701 | ) | (8,959 | ) | (48 | ) | |||||||||||||||||
| Net income attributable to non-controlling interests | - | - | - | - | 280 | nm | |||||||||||||||||||||
| Net income (loss) attributable to JAKKS Pacific, Inc. | $ | (2,319 | ) | $ | 5,266 | nm | % | $ | (4,701 | ) | $ | (9,239 | ) | (49 | ) | % | |||||||||||
| Net income (loss) attributable to common stockholders | $ | (2,319 | ) | $ | 5,266 | nm | % | $ | (4,701 | ) | $ | (7,909 | ) | (41 | ) | % | |||||||||||
| Earnings (loss) per share - basic | $ | (0.21 | ) | $ | 0.49 | $ | (0.42 | ) | $ | (0.75 | ) | ||||||||||||||||
| Shares used in earnings (loss) per share - basic | 11,146 | 10,801 | 11,146 | 10,577 | |||||||||||||||||||||||
| Earnings (loss) per share - diluted | $ | (0.21 | ) | $ | 0.47 | $ | (0.42 | ) | $ | (0.75 | ) | ||||||||||||||||
| Shares used in earnings (loss) per share - diluted | 11,146 | 11,245 | 11,146 | 10,577 | |||||||||||||||||||||||
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||||||
| 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 | 49.3 | 51.5 | 220 | 48.8 | 54.5 | 570 | |||||||||||||||||||||
| Royalty expense | 16.4 | 15.1 | (130 | ) | 16.2 | 15.2 | (100 | ) | |||||||||||||||||||
| Amortization of tools and molds | 1.5 | 1.4 | (10.0 | ) | 1.4 | 1.5 | 10 | ||||||||||||||||||||
| Cost of sales | 67.2 | 68.0 | 80 | 66.4 | 71.2 | 480 | |||||||||||||||||||||
| Gross profit | 32.8 | 32.0 | 80 | 33.6 | 28.8 | 480 | |||||||||||||||||||||
| Direct selling expenses | 5.6 | 4.2 | (140 | ) | 6.6 | 6.0 | (60 | ) | |||||||||||||||||||
| General and administrative expenses | 29.4 | 22.6 | (680 | ) | 29.7 | 28.4 | (130 | ) | |||||||||||||||||||
| Depreciation and amortization | 0.1 | 0.1 | - | 0.1 | 0.1 | - | |||||||||||||||||||||
| Selling, general and administrative expenses | 35.1 | 26.9 | (820 | ) | 36.4 | 34.5 | (190 | ) | |||||||||||||||||||
| Income (loss) from operations | (2.3 | ) | 5.1 | (740 | ) | (2.8 | ) | (5.7 | ) | 290 | |||||||||||||||||
| Other income (expense): | |||||||||||||||||||||||||||
| Other income (expense), net | - | - | - | 0.1 | |||||||||||||||||||||||
| Loss on debt extinguishment | (0.4 | ) | - | (0.2 | ) | - | |||||||||||||||||||||
| Interest income | 0.3 | 0.1 | 0.3 | 0.2 | |||||||||||||||||||||||
| Interest expense | (0.1 | ) | (0.2 | ) | (0.1 | ) | (0.2 | ) | |||||||||||||||||||
| Income (loss) before benefit from income taxes | (2.5 | ) | 5.0 | (2.8 | ) | (5.6 | ) | ||||||||||||||||||||
| Provision for (benefit from) income taxes | (0.6 | ) | 1.5 | (0.8 | ) | (1.8 | ) | ||||||||||||||||||||
| Net income (loss) | (1.9 | ) | 3.5 | (2.0 | ) | (3.8 | ) | ||||||||||||||||||||
| Net income attributable to non-controlling interests | - | - | - | 0.1 | |||||||||||||||||||||||
| Net income (loss) attributable to JAKKS Pacific, Inc. | (1.9 | ) | % | 3.5 | % | (2.0 | ) | % | (3.9 | ) | % | ||||||||||||||||
| Net income (loss) attributable to common stockholders | (1.9 | ) | % | 3.5 | % | (2.0 | ) | % | (3.3 | ) | % | ||||||||||||||||
| JAKKS Pacific, Inc. and Subsidiaries | |||||||||||||||||||||||||||
| Reconciliation of Non-GAAP Financial Information (Unaudited) | |||||||||||||||||||||||||||
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||||||
| 2025 | 2024 | Δ ($) | 2025 | 2024 | Δ ($) | ||||||||||||||||||||||
| (In thousands) | (In thousands) | ||||||||||||||||||||||||||
| EBITDA and Adjusted EBITDA | |||||||||||||||||||||||||||
| Net income (loss) | $ | (2,319 | ) | $ | 5,266 | $ | (7,585 | ) | $ | (4,701 | ) | $ | (8,959 | ) | $ | 4,258 | |||||||||||
| Interest expense | 145 | 256 | (111 | ) | 300 | 399 | (99 | ) | |||||||||||||||||||
| Interest income | (395 | ) | (88 | ) | (307 | ) | (757 | ) | (464 | ) | (293 | ) | |||||||||||||||
| Prvisiosn for (benefit from) income taxes | (606 | ) | 2,281 | (2,887 | ) | (1,769 | ) | (4,447 | ) | 2,678 | |||||||||||||||||
| Depreciation and amortization | 1,900 | 2,134 | (234 | ) | 3,459 | 3,648 | (189 | ) | |||||||||||||||||||
| EBITDA | (1,275 | ) | 9,849 | (11,124 | ) | (3,468 | ) | (9,823 | ) | 6,355 | |||||||||||||||||
| Adjustments: | |||||||||||||||||||||||||||
| Other (income) expense, net | (25 | ) | (72 | ) | 47 | (30 | ) | (210 | ) | 180 | |||||||||||||||||
| Restricted stock compensation expense | 3,188 | 2,519 | 669 | 5,740 | 5,094 | 646 | |||||||||||||||||||||
| Loss on debt extinguishment | 417 | - | 417 | 417 | - | 417 | |||||||||||||||||||||
| Adjusted EBITDA | $ | 2,305 | $ | 12,296 | $ | (9,991 | ) | $ | 2,659 | $ | (4,939 | ) | $ | 7,598 | |||||||||||||
| Adjusted EBITDA/Net sales % | 1.9 | % | 8.3 | % | -640 bps | 1.1 | % | (2.1 | ) | % | 320 bps | ||||||||||||||||
| Trailing Twelve Months Ended June 30, | |||||||||||||||||||||||||||
| 2025 | 2024 | Δ ($) | |||||||||||||||||||||||||
| (In thousands) | |||||||||||||||||||||||||||
| TTM EBITDA and TTM Adjusted EBITDA | |||||||||||||||||||||||||||
| TTM net income | $ | 38,458 | $ | 28,290 | $ | 10,168 | |||||||||||||||||||||
| Interest expense | 996 | 2,545 | (1,549 | ) | |||||||||||||||||||||||
| Interest income | (1,134 | ) | (1,605 | ) | 471 | ||||||||||||||||||||||
| Provision for income taxes | 8,210 | 2,291 | 5,919 | ||||||||||||||||||||||||
| Depreciation and amortization | 9,857 | 10,400 | (543 | ) | |||||||||||||||||||||||
| TTM EBITDA | 56,387 | 41,921 | 14,466 | ||||||||||||||||||||||||
| Adjustments: | |||||||||||||||||||||||||||
| Loss from joint ventures (JAKKS Pacific, Inc. - | - | (11 | ) | 11 | |||||||||||||||||||||||
| Loss from joint ventures (Meisheng - | - | 11 | (11 | ) | |||||||||||||||||||||||
| Other (income) expense, net | (122 | ) | (297 | ) | 175 | ||||||||||||||||||||||
| Restricted stock compensation expense | 10,181 | 9,176 | 1,005 | ||||||||||||||||||||||||
| Change in fair value of preferred stock derivative liability | - | 2,154 | (2,154 | ) | |||||||||||||||||||||||
| Molds and tooling capitalization | - | (1,751 | ) | 1,751 | |||||||||||||||||||||||
| Loss on debt extinguishment | 417 | - | 417 | ||||||||||||||||||||||||
| TTM Adjusted EBITDA | $ | 66,863 | $ | 51,203 | $ | 15,660 | |||||||||||||||||||||
| TTM Adjusted EBITDA/TTM Net sales % | 9.8 | % | 7.6 | % | 220 bps | ||||||||||||||||||||||
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||||||
| 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 | $ | (2,319 | ) | $ | 5,266 | $ | (7,585 | ) | $ | (4,701 | ) | $ | (7,909 | ) | $ | 3,208 | |||||||||||
| Restricted stock compensation expense | 3,188 | 2,519 | 669 | 5,740 | 5,094 | 646 | |||||||||||||||||||||
| Loss on debt extinguishment | 417 | - | 417 | 417 | - | 417 | |||||||||||||||||||||
| Tax impact of additional charges | (896 | ) | (530 | ) | (366 | ) | (1,420 | ) | (1,187 | ) | (233 | ) | |||||||||||||||
| Adjusted net income (loss) attributable to common stockholders | $ | 390 | $ | 7,255 | $ | (6,865 | ) | $ | 36 | $ | (4,002 | ) | $ | 4,038 | |||||||||||||
| Adjusted earnings (loss) per share - basic | $ | 0.03 | $ | 0.67 | $ | (0.64 | ) | $ | 0.00 | $ | (0.38 | ) | $ | 0.38 | |||||||||||||
| Shares used in adjusted earnings (loss) per share - basic | 11,146 | 10,801 | 345 | 11,146 | 10,577 | 569 | |||||||||||||||||||||
| Adjusted earnings (loss) per share - diluted | $ | 0.03 | $ | 0.65 | $ | (0.62 | ) | $ | - | $ | (0.38 | ) | $ | 0.38 | |||||||||||||
| Shares used in adjusted earnings (loss) per share - diluted | 11,397 | 11,245 | 152 | 11,487 | 10,577 | 910 | |||||||||||||||||||||
| JAKKS Pacific, Inc. and Subsidiaries | ||||||||||||
| Net Sales by Division and Geographic Region | ||||||||||||
| (In thousands) | QTD Q2 | (In thousands) | YTD Q2 | |||||||||
| 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 | - | - | Toys/Consumer Products | - | ||||||||
| Dolls, Role-Play/Dress Up | 46,164 | 63,608 | 59,669 | - | Dolls, Role-Play/Dress Up | 101,627 | 104,182 | 107,512 | - | - | ||
| Action Play & Collectibles | 29,902 | 36,555 | 52,571 | - | - | Action Play & Collectibles | 72,783 | 69,563 | 90,417 | - | ||
| Outdoor/Seasonal Toys | 4,313 | 4,407 | 5,694 | - | - | Outdoor/Seasonal Toys | 13,407 | 13,735 | 17,898 | - | - | |
| Costumes | - | - | Costumes | - | - | |||||||
| Total | $119,094 | $148,619 | $166,933 | - | - | Total | $232,347 | $238,695 | $274,417 | - | - | |
| (In thousands) | QTD Q2 | (In thousands) | YTD Q2 | |||||||||
| 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 | - | - | United States | - | - | |||||||
| Europe | 14,657 | 10,264 | 16,638 | - | Europe | 26,467 | 15,999 | 26,800 | - | |||
| Latin America | 6,047 | 3,239 | 3,067 | Latin America | 13,506 | 11,235 | 12,271 | - | ||||
| Canada | 8,826 | 6,288 | 6,799 | - | Canada | 12,105 | 9,658 | 10,853 | - | |||
| Asia | 1,448 | 1,268 | 1,831 | - | Asia | 2,199 | 2,233 | 3,211 | - | - | ||
| Australia & New Zealand | 886 | 1,607 | 1,756 | - | - | Australia & New Zealand | 1,499 | 2,953 | 3,364 | - | - | |
| Middle East & Africa | 240 | 116 | 655 | - | Middle East & Africa | 637 | 350 | 1,288 | - | |||
| TOTAL JAKKS | $119,094 | $148,619 | $166,933 | - | - | Total | $232,347 | $238,695 | $274,417 | - | - | |
| (In thousands) | QTD Q2 | (In thousands) | YTD Q2 | |||||||||
| 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 | - | - | North America | - | - | |||||||
| International | 23,278 | 16,494 | 23,947 | - | International | 44,308 | 32,770 | 46,934 | - | |||
| Total | $119,094 | $148,619 | $166,933 | - | - | Total | $232,347 | $238,695 | $274,417 | - | - | |
| (In thousands) | QTD Q2 | (In thousands) | YTD Q2 | |||||||||
| 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 | - | - | United States | - | - | |||||||
| Rest of World | 32,104 | 22,782 | 30,746 | - | Rest of World | 56,413 | 42,428 | 57,787 | - | |||
| Total | $119,094 | $148,619 | $166,933 | - | - | Total | $232,347 | $238,695 | $274,417 | - | - | |
FAQ
What were JAKKS Pacific's (JAKK) key financial results for Q2 2025?
How did JAKKS Pacific's regional sales perform in Q2 2025?
What dividend did JAKKS Pacific announce for Q2 2025?
How much cash does JAKKS Pacific have as of Q2 2025?
What were JAKKS Pacific's first-half 2025 results?
