Kartoon Studios, Inc.

For the period ended Dec 31, 2025. Filed Mar 31, 2026.

About this filing

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 Mar 31, 2026

TOON$0.51+1.6%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

(in thousands, except for share data)

	As of December 31,
	2025	2024
ASSETS
Current Assets:
Cash	$2,943	$7,879
Restricted Cash	–	506
Investments in Marketable Securities (amortized cost of $3,953 and $2,116, respectively)	3,978	2,029
Accounts Receivable (net of allowance of $3 and $239, respectively)	9,632	11,982
Tax Credits Receivable (net of allowance of $423 and $187, respectively)	16,800	10,295
Other Receivable	1,571	1,367
Prepaid Expenses and Other Assets	841	606
Total Current Assets	35,765	34,664
Noncurrent Assets:
Property and Equipment, net	1,635	2,053
Operating Lease Right-of-Use Assets, net	5,114	5,847
Finance Lease Right-of-Use Assets, net	312	278
Notes and Accounts Receivable from Related Party	–	1,352
Film and Television Costs, net	4,878	2,621
Tax Credits Receivable (net of allowance of $0 and $421, respectively)	–	2,384
Investment in Your Family Entertainment AG	5,481	16,429
Intangible Assets, net	17,604	19,722
Other Assets	118	117
Total Assets	$70,907	$85,467
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts Payable	$12,115	$11,954
Participations Payable	1,024	1,427
Accrued Expenses	744	405
Accrued Salaries and Wages	1,370	1,213
Deferred Revenue	4,391	5,997
Margin Loan	–	900
Production Facilities, net	11,819	9,220
Current Portion of Operating Lease Liabilities	1,077	1,002
Current Portion of Finance Lease Liabilities	156	249
Due to Related Party	5	8
Other Current Liabilities	750	1,065
Total Current Liabilities	33,451	33,440
Noncurrent Liabilities:
Deferred Revenue	3,369	3,371
Operating Lease Liabilities, Net Current Portion	4,488	5,359
Finance Lease Liabilities, Net Current Portion	144	54
Deferred Tax Liability, net	1,225	1,301
Factoring Liability	689	–
Warrant Liability	–	5,477
Other Noncurrent Liabilities	8	5
Total Liabilities	43,374	49,007
Commitments and Contingencies (Note 19)	–	–
Stockholders’ Equity:
Preferred Stock, 10,000,000 shares authorized, 0 shares issued and outstanding as of December 31, 2025 and December 31, 2024	–	–
0% Series A Convertible Preferred Stock, $0.001 par value, 6,000 shares authorized, 0 shares issued and outstanding as of December 31, 2025 and December 31, 2024	–	–
Series B Preferred Stock, $0.001 par value, 0 shares authorized, 0 shares issued and outstanding as of December 31, 2025 and December 31, 2024	–	–
Series C Preferred Stock, $0.001 par value, 50,000 shares authorized, 0 shares issued and outstanding as of December 31, 2025 and December 31, 2024	–	–
Common Stock, $0.001 par value, 190,000,000 shares authorized; 55,282,150 and 46,285,078 shares issued and 54,857,000 and 46,209,081 shares outstanding as of December 31, 2025 and December 31, 2024, respectively	55	45
Additional Paid-in Capital	793,814	777,930
Treasury Stock at Cost, 425,150 and 75,997 shares of common stock as of December 31, 2025 and December 31, 2024, respectively	(604)	(340)
Accumulated Deficit	(763,817)	(739,285)
Accumulated Other Comprehensive Loss	(3,238)	(3,379)
Total Kartoon Studios, Inc. Stockholders' Equity	26,210	34,971
Non-Controlling Interests in Consolidated Subsidiaries	1,323	1,489
Total Stockholders' Equity	27,533	36,460
Total Liabilities and Stockholders’ Equity	$70,907	$85,467

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.