Here are the 10-K annual reports from Kartoon Studios, Inc. (TOON) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow TOON and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TOON filings page.
Kartoon Studios, Inc., a Nevada-based kids’ content and brand management company, filed its annual report describing a diversified business spanning original animation, production services, consumer products licensing, and owned streaming platforms such as Kartoon Channel! and Ameba TV.
For the year ended December 31, 2025, Kartoon Studios generated $39.4 million in net revenues and recorded a net loss attributable to the company of $24.5 million, extending a history of operating losses. Management reports an accumulated deficit of $763.8 million, stockholders’ equity of $27.5 million, and working capital of $2.3 million as of December 31, 2025, and concludes there is substantial doubt about the company’s ability to continue as a going concern without additional capital.
The company highlights concentration risk, noting four customers represented 81.9% of 2025 revenue, and discloses exposure to foreign exchange and equity market volatility through its investment in Germany-based Your Family Entertainment AG, where a $9.8 million fair value decrease was recognized in 2025. It also details approximately $11.8 million of production loan facility obligations secured primarily by Canadian tax credit receivables of $16.8 million, and outlines extensive intellectual property, distribution, and regulatory considerations, along with 294 full-time employees as of year-end 2025.