Kartoon Studios, Inc. filings document an entertainment operating company organized in Nevada and traded on NYSE American under TOON. The record includes Form 8-K reports on quarterly and annual results, material definitive agreements, share issuances tied to settlement of obligations, and governance matters such as director appointments, resignations and executive employment agreements.
Registration statements and current reports describe the company's securities registration activity, capital-structure disclosures, smaller reporting-company status and business in producing, distributing and licensing children's and family entertainment. These filings also cover exhibits, press releases and other formal disclosures tied to Toon Media Networks, Mainframe Studios and the company's branded intellectual-property portfolio.
Kartoon Studios reported Q1 2026 results showing early benefits from its shift to an intellectual property-focused model. The company generated total revenue of $7.2 million for the quarter, as its streaming and distribution platforms gained traction and major franchises advanced toward market.
Distribution revenue rose 15% year-over-year, driven by higher engagement and monetization at Kartoon Channel! and Ameba, both of which reached record paid subscriber levels. Total operating expenses declined 20%, narrowing the loss from operations as cost controls and past platform investments improved efficiency.
The company continued to build its flagship franchises, including Hundred Acre Wood and the Stan Lee Universe, positioning them as multi-platform brands spanning content, licensing, and consumer products. Management emphasized a tech-forward, vertically integrated strategy designed to turn these properties into scalable, higher-margin revenue streams over time.
Kartoon Studios, Inc. reported a net loss of $6.365 million for the three months ended March 31, 2026, on revenues of $7.238 million, compared with a $6.526 million loss on $9.504 million of revenue a year earlier. Loss per share improved to $0.10 from $0.14 as the share count increased.
Cash and restricted cash rose to $5.016 million from $2.943 million at December 31, 2025, helped by $2.939 million of cash provided by investing activities and $1.781 million from financing activities, while operating activities used $2.856 million. Current assets were $30.7 million versus current liabilities of $31.4 million, resulting in negative working capital of $0.7 million.
Management disclosed that recurring losses, cash burn, negative working capital, and reliance on external financing led to the conclusion that there is “substantial doubt” about the company’s ability to continue as a going concern for at least one year. The quarter also included a $3.0 million fair value loss on the Your Family Entertainment AG investment and continued use of Section 3(a)(10) share issuances to settle accounts payable.
Kartoon Studios, Inc. entered a material definitive agreement with Continuation Capital, Inc. to settle outstanding obligations using stock instead of cash. The company agreed to issue 2,553,047 common shares to CCI in exchange for settling certain past due debts totaling $1,143,884 plus an additional $315,000.
A Florida state court approved the agreement on April 13, 2026, and it became binding on April 20, 2026 after NYSE American approved the share issuance. The unregistered shares will be issued at 1.75 shares per dollar of the company’s obligation under a Section 3(a)(10) Securities Act exemption.
Parisi Brian reported acquisition or exercise transactions in this Form 4 filing.
Kartoon Studios CFO Brian Parisi reported an amended grant of 500,000 restricted stock units (RSUs) tied to TOON common stock. This Form 4/A corrects the transaction date previously reported and moves the RSU disclosure from the derivative table to the non-derivative table.
The RSUs represent a contingent right to receive 500,000 shares, vesting in three tranches: 166,666 shares on January 1, 2027, 166,666 shares on January 1, 2028, and 166,668 shares on January 1, 2029, subject to his continued employment. Following this grant, Parisi directly holds 529,435 shares.
Kartoon Studios reported full-year 2025 revenue of $39.4 million, up 21% from $32.6 million in 2024, driven mainly by strong growth in animation production services. Production services revenue reached $26.8 million, a 50% year-over-year increase, while loss from operations improved 24%, reflecting cost controls.
The company highlighted record subscribers and sharply higher engagement across Kartoon Channel! and Ameba, plus over 60% of projected 2026 production revenue already under contract. Its 2025 audited financial statements include an audit opinion with an explanatory paragraph about the company’s ability to continue as a going concern.
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.
THOMOPOULOS ANTHONY D reported acquisition or exercise transactions in this Form 4 filing.
Kartoon Studios, Inc. director Anthony D. Thomopoulos received a grant of 8,570 shares of Common Stock on March 19, 2026 at a stated price of $0.00 per share. After this award, he directly holds a total of 150,015 Kartoon Studios common shares.
Davis Gray reported acquisition or exercise transactions in this Form 4 filing.
Kartoon Studios, Inc. director Davis Gray reported receiving a grant of 8,570 shares of Common Stock as an equity award. The shares were recorded at a price of $0.00 per share, indicating a compensation-related grant rather than a market purchase. Following this award, Gray directly holds 92,339 shares of Kartoon Studios Common Stock.
Kartoon Studios, Inc. director Jeffrey Roy Schlesinger reported receiving a grant of 8,570 shares of common stock as a stock award at a stated price of $0.00 per share. This compensation-related acquisition increased his direct holdings to 17,048 shares of Kartoon Studios common stock.
SEGALL LYNNE A reported acquisition or exercise transactions in this Form 4 filing.
Kartoon Studios, Inc. director Lynne A. Segall reported receiving a grant of 8,570 shares of common stock at a stated price of $0.00 per share. After this grant, she directly holds a total of 117,289 shares of Kartoon Studios common stock.