MATTEL INC /DE/
For the period ended Dec 31, 2025. Filed Feb 23, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 23, 2026
MAT$16.00+2.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 15. Exhibits and Financial Statement Schedules
(a)The following documents are filed as part of this report:
- Financial Statements
The following financial statements are filed as part of this report under Part II, Item 8 "Financial Statements and Supplementary Data."
| Page | |
|---|---|
| Management's Report on Internal Control Over Financial Reporting | 47 |
| Report of Independent Registered Public Accounting Firm (PCAOB ID 238) | 48 |
| Consolidated Balance Sheets as of December 31, 2025 and 2024 | 50 |
| Consolidated Statements of Operations for the Years Ended December 31, 2025, 2024, and 2023 | 51 |
| Consolidated Statements of Comprehensive Income (Loss) for the Years Ended December 31, 2025, 2024, and 2023 | 52 |
| Consolidated Statements of Cash Flows for the Years Ended December 31, 2025, 2024, and 2023 | 53 |
| Consolidated Statements of Stockholders' Equity for the Years Ended December 31, 2025, 2024, and 2023 | 54 |
| Notes to Consolidated Financial Statements | 55 |
- Financial Statement Schedule for the Years Ended December 31, 2025, 2024, and 2023
Schedule II—Valuation and Qualifying Accounts and Allowances
All other financial statement schedules are omitted because they are not applicable or the required information is shown in the consolidated financial statements or notes thereto. See Part II, Item 8 "Financial Statements and Supplementary Data."
- Exhibits (Listed by numbers corresponding to Item 601 of Regulation S-K)
| Incorporated by Reference | |||||
|---|---|---|---|---|---|
| Exhibit No. | Exhibit Description | Form | File No. | Exhibit(s) | Filing Date |
| 3.0 | Restated Certificate of Incorporation of Mattel, Inc. | 8-K | 001-05647 | 99.0 | May 21, 2007 |
| 3.1 | Certificate of Amendment of the Restated Certificate of Incorporation of Mattel, Inc., dated May 29, 2025 | 8-K | 001-05647 | 3.1 | May 30, 2025 |
| 3.2 | Amended and Restated Bylaws of Mattel, Inc. | 8-K | 001-05647 | 3.1 | September 15, 2023 |
| 4.0 | Description of Registrant's Securities Registered Pursuant to Section 12 of the Securities Exchange Act of 1934 | 10-K | 001-05647 | 4.0 | February 25, 2020 |
| 4.1 | Specimen Stock Certificate with respect to Mattel, Inc.'s Common Stock | 10-Q | 001-05647 | 4.0 | August 3, 2007 |
| 4.2 | Indenture, dated as of September 23, 2010, between Mattel, Inc. and Union Bank, N.A. relating to Senior Debt Securities | S-3ASR | 333-169539 | 4.1 | September 23, 2010 |
| 4.3 | Indenture, dated as of November 20, 2019, by and among the Issuer, and MUFG Union Bank, N.A., National Association, as Trustee | 8-K | 001-05647 | 4.1 | November 20, 2019 |
| 4.4 | Indenture, dated as of March 19, 2021, by and among the Issuer, and U.S. Bank National Association, as Trustee, related to Mattel, Inc.'s 3.375% Senior Notes due 2026 | 8-K | 001-05647 | 4.1 | March 19, 2021 |
| Incorporated by Reference | |||||
|---|---|---|---|---|---|
| Exhibit No. | Exhibit Description | Form | File No. | Exhibit(s) | Filing Date |
| 4.5 | Indenture, dated as of March 19, 2021, by and among the Issuer, and U.S. Bank National Association, as Trustee, related to Mattel, Inc.'s 3.750% Senior Notes due 2029 | 8-K | 001-05647 | 4.2 | March 19, 2021 |
| 4.6 | Indenture, dated as of November 17, 2025, by and between the Issuer and U.S. Bank Trust Company, National Association, as Trustee | 8-K | 001-05647 | 4.1 | November 17, 2025 |
| 4.7 | First Supplemental Indenture, dated as of November 17, 2025, by and between the Issuer and U.S. Bank Trust Company, National Association, as Trustee | 8-K | 001-05647 | 4.2 | November 17, 2025 |
| 4.8 | Form of 6.200% Notes due 2040 | 8-K | 001-05647 | 4.2 | September 28, 2010 |
| 4.9 | Form of 5.450% Notes due 2041 | 8-K | 001-05647 | 4.2 | November 8, 2011 |
| 4.10 | Form of 5.875% Senior Notes due 2027 | 8-K | 001-05647 | 4.1 | November 20, 2019 |
| 4.11 | Form of 3.750% Senior Notes due 2029 | 8-K | 001-05647 | 4.2 | March 19, 2021 |
| 4.12 | Form of 5.000% Senior Notes due 2030 | 8-K | 001-05647 | 4.2 | November 17, 2025 |
| 10.0 | Revolving Credit Agreement, dated as of July 15, 2024, among Mattel, Inc., as the borrower, Bank of America, N.A., as administrative agent, and the other lenders and financial institutions party thereto | 8-K | 001-05647 | 10.1 | July 16, 2024 |
| 10.1+ | Form of Indemnification Agreement | 8-K | 001-05647 | 10.1 | December 21, 2020 |
| 10.2+ | Letter Agreement between Mattel, Inc. and Ynon Kreiz, dated April 19, 2018, regarding an offer of employment for the position of Chief Executive Officer | 8-K | 001-05647 | 10.1 | April 20, 2018 |
| 10.3+ | Letter Agreement between Mattel, Inc. and Ynon Kreiz, dated June 12, 2018, regarding change in allocation of Mr. Kreiz's long-term incentive grant value | 10-Q | 001-05647 | 10.8 | July 25, 2018 |
| 10.4+ | Letter Agreement between Mattel, Inc. and Yoon Hugh, dated April 15, 2019, regarding an offer of employment for the position of Senior Vice President and Corporate Controller | 8-K | 001-05647 | 10.1 | April 19, 2019 |
| 10.5+ | Letter Agreement between Mattel, Inc. and Roberto Isaias, dated February 1, 2020, regarding relocation from Mexico to Mattel's California headquarters | 10-K | 001-05647 | 10.22 | February 25, 2021 |
| 10.6+ | Letter Agreement between Mattel, Inc. and Anthony DiSilvestro, dated June 19, 2020, regarding an offer of employment for the position of Executive Advisor and Chief Financial Officer | 8-K | 001-05647 | 10.1 | June 23, 2020 |
| 10.7+ | Letter Agreement between Mattel, Inc. and Jonathan Anschell, dated December 5, 2020, regarding an offer of employment for the position of EVP, Chief Legal Officer, and Secretary | 10-K | 001-05647 | 10.26 | February 25, 2021 |
| 10.8+ | Letter Agreement between Mattel, Inc. and Karen Ancira, dated April 18, 2024, regarding an offer of employment for the position of Executive Vice President and Chief People Officer | 10-Q | 001-05647 | 10.1 | July 30, 2024 |
| 10.9+ | Letter Agreement between Mattel, Inc. and Anthony DiSilvestro, dated January 16, 2025, regarding advisory services | 10-Q | 001-05647 | 10.1 | May 6, 2025 |
| Incorporated by Reference | |||||
|---|---|---|---|---|---|
| Exhibit No. | Exhibit Description | Form | File No. | Exhibit(s) | Filing Date |
| 10.10+ | Letter Agreement between Mattel, Inc. and Paul Ruh, dated May 2, 2025, regarding an offer of employment for the position of Chief Financial Officer | 8-K | 001-05647 | 10.1 | May 8, 2025 |
| 10.11+ | Mattel Incentive Plan | DEF 14A | 001-05647 | Appendix A | April 5, 2017 |
| 10.12+ | Mattel, Inc. Deferred Compensation and PIP Excess Plan | S-8 | 333-89458 | 4.1 | May 31, 2002 |
| 10.13+ | Mattel, Inc. Deferred Compensation and PIP Excess Plan (Post-2004)(the "DCPEP") | 10-Q | 001-05647 | 10.1 | October 24, 2008 |
| 10.14+ | Amendment No. 1 to the DCPEP | 10-Q | 001-05647 | 10.2 | October 24, 2013 |
| 10.15+ | Amendment No. 2 to the DCPEP | 10-Q | 001-05647 | 10.3 | October 24, 2013 |
| 10.16+ | Amendment No. 3 to the DCPEP | 10-K | 001-05647 | 10.19 | February 25, 2016 |
| 10.17+ | Amendment No. 4 to the DCPEP | 10-Q | 001-05647 | 10.5 | August 10, 2020 |
| 10.18+ | Amendment No. 5 to the DCPEP | 10-K | 001-05647 | 10.34 | February 25, 2021 |
| 10.19+ | Amendment No. 6 to the DCPEP | 10-Q | 001-05647 | 10.1 | October 29, 2025 |
| 10.20+ | Mattel, Inc. Deferred Compensation Plan for Non-Employee Directors (as amended and restated effective January 1, 2009) | 10-K | 001-05647 | 10.35 | February 26, 2009 |
| 10.21+ | Amendment No. 1 to the Mattel, Inc. Deferred Compensation Plan for Non-Employee Directors | 10-Q | 001-05647 | 10.4 | October 24, 2013 |
| 10.22+ | Amendment No. 2 to the Mattel, Inc. Deferred Compensation Plan for Non-Employee Directors | 10-Q | 001-05647 | 10.2 | October 29, 2025 |
| 10.23+ | Mattel, Inc. Amended and Restated Executive Severance Plan B (the "Executive Severance Plan B") | 8-K | 001-05647 | 10.1 | March 24, 2023 |
| 10.24+ | Form of Participation Letter Agreement under the Mattel, Inc. Amended and Restated Executive Severance Plan B applicable to Ynon Kreiz and Anthony DiSilvestro | 8-K | 001-05647 | 10.2 | March 24, 2023 |
| 10.25+ | Form of Participation Letter Agreement under the Mattel, Inc. Amended and Restated Executive Severance Plan B | 8-K | 001-05647 | 10.3 | March 24, 2023 |
| 10.26+ | Mattel, Inc. Amended and Restated 2010 Equity and Long-Term Compensation Plan (the "2010 Plan") | 8-K | 001-05647 | 10.1 | June 4, 2024 |
| 10.27+ | Form of Notice of Grant and Grant Agreement for grants of NQSOs to employees under the 2010 Plan | 10-Q | 001-05647 | 10.1 | October 27, 2010 |
| 10.28+ | Form of Grant Agreement for grants of NQSOs to participants in the Executive Severance Plan B under the 2010 Plan | 10-K | 001-05647 | 10.50 | February 25, 2021 |
| 10.29+ | Form of Grant Agreement for grants of RSUs to participants in the Executive Severance Plan B under the 2010 Plan | 10-K | 001-05647 | 10.51 | February 25, 2021 |
| 10.30+ | Form of Grant Agreement for grants of RSUs to employees under the 2010 Plan | 10-K | 001-05647 | 10.52 | February 25, 2021 |
| 10.31+ | Form of Grant Agreement for grants of NQSOs to participants in the Executive Severance Plan B under the 2010 Plan | 10-K | 001-05647 | 10.53 | February 25, 2021 |
| 10.32+ | Form of Grant Agreement for July 31, 2015 grants of NQSOs to employees under the 2010 Plan | 10-Q | 001-05647 | 10.9 | October 27, 2015 |
| Incorporated by Reference | |||||
|---|---|---|---|---|---|
| Exhibit No. | Exhibit Description | Form | File No. | Exhibit(s) | Filing Date |
| 10.33+ | Form of Grant Agreement for August 1, 2017 grants of NQSOs to employees under the 2010 Plan | 10-K | 001-05647 | 10.55 | February 25, 2021 |
| 10.34+ | Form of Grant Agreement for July 31, 2020 grants of NQSOs to employees under the 2010 Plan | 10-K | 001-05647 | 10.56 | February 25, 2021 |
| 10.35+ | Form of Grant Agreement for grants of RSUs to Non-Employee Directors under the 2010 Plan | 10-Q | 001-05647 | 10.1 | July 28, 2016 |
| 10.36+ | Form of Grant Agreement for grants of Long-Term Incentive Program performance-based restricted stock units ("Performance Units") to senior executives under the 2010 Plan | 10-K | 001-05647 | 10.59 | February 25, 2021 |
| 10.37+ | Form of Grant Agreement for grants of Performance Units to participants in the Mattel, Inc. Executive Severance Plan B under the 2010 Plan | 10-K | 001-05647 | 10.60 | February 25, 2021 |
| 10.38+ | Form of Grant Agreement for Performance-Based Restricted Stock Units for Ynon Kreiz under the Mattel, Inc. Amended and Restated 2010 Equity and Long-Term Compensation Plan | 8-K | 001-05647 | 10.1 | September 13, 2024 |
| 19.1 | Mattel, Inc. Insider Trading Policy | 10-K | 001-05647 | 19.1 | February 26, 2025 |
| 21.0* | Subsidiaries of the Registrant as of December 31, 2025 | ||||
| 23.0* | Consent of Independent Registered Public Accounting Firm | ||||
| 31.0* | Certification of Principal Executive Officer dated February 23, 2026, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 | ||||
| 31.1* | Certification of Principal Financial Officer dated February 23, 2026, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 | ||||
| 32.0** | Certification of Principal Executive Officer and Principal Financial Officer dated February 23, 2026, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 | ||||
| 97.0 | Mattel, Inc. Rule 10D-1 Compensation Recovery Policy | 10-K | 001-05647 | 97.0 | February 26, 2025 |
| 101.INS* | Inline XBRL Instance Document | ||||
| 101.SCH* | Inline XBRL Taxonomy Extension Schema Document | ||||
| 101.CAL* | Inline XBRL Taxonomy Extension Calculation Linkbase Document | ||||
| 101.DEF* | Inline XBRL Taxonomy Extension Definition Linkbase Document | ||||
| 101.LAB* | Inline XBRL Taxonomy Extension Label Linkbase Document | ||||
| Incorporated by Reference | |||||
| Exhibit No. | Exhibit Description | Form | File No. | Exhibit(s) | Filing Date |
|---|---|---|---|---|---|
| 101.PRE* | Inline XBRL Taxonomy Extension Presentation Linkbase Document | ||||
| 104* | The cover page from Mattel's Annual Report on Form 10-K for the year ended December 31, 2025, formatted in Inline XBRL (embedded within the Inline XBRL Document) | ||||
+Management contract or compensatory plan or arrangement.
*Filed herewith.
**Furnished herewith. This exhibit should not be deemed to be "filed" for purposes of Section 18 of the Exchange Act.
Mattel has not filed certain long-term debt instruments under which the principal amount of securities authorized to be issued does not exceed 10% of its total assets. Copies of such agreements will be provided to the SEC upon request.
(b) Exhibits Required by Item 601 of Regulation S-K
See Item (a)(3) above.
(c) Financial Statement Schedule
See Item (a)(2) above.
Copies of this Annual Report on Form 10-K (including Exhibit 24.0) and Exhibits 21.0, 23.0, 31.0, 31.1, and 32.0 are available to stockholders of Mattel without charge. Written requests should be sent to: Secretary, Mail Stop TWR15-E, Mattel, Inc., 333 Continental Blvd., El Segundo, California 90245-5012.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.