# Kartoon Studios, Inc. (TOON) · Edgar & Edgarette company card

> Kartoon Studios (TOON) grew revenue 20.7% in FY2025 to $39 million, operating margin -32.8% against a -2.6% median for motion picture & video tape production, equity 37.0% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1355848 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/TOON) · [JSON](https://www.pops4.com/boards/company/TOON.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $39M |
| Revenue growth, 1 year | 20.7% |
| Revenue growth per year | 49.5% |
| Operating margin | -32.8% (prior year -52.1%) |
| Net margin | -62.8% |
| Operating cash flow | −$11M |
| Capital spending | $151,000 |
| Free cash flow | −$12M |
| Cash | $3M |
| Long-term debt | — |
| Total assets | $71M |
| Total equity | $26M |
| Equity ÷ assets | 37.0% |
| Return on equity | -94.2% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -35.49 (distress zone)
- Piotroski F: 4 of 9 (middling)
- Health Harbor boat: Rotting at the dock · four or more warning signs · slow and jumpy: growing slower than its size class, with revenue that swings more; operating cash flow was negative; operating loss: a margin of -32.8% in FY2025; revenue is hard to predict: its 80% range is ±83%
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

Exposure: revenue $39.4M (FY2025). Experience: revenue up 20.7% on the year, up 49.5% a year over 4 years; operating margin -32.8%, up from -52.1%. Soundness: equity 37.0% of assets, return on equity -94.2%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $12.3M and $132.3M next year (method v4.1: its own 5-year record of growth weighed at 57% against under $50M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $10.4M to $156.6M. A statistical range, not company guidance. Against peers (9 filers, $50M+ revenue, its industry group): operating margin -32.8% against a -2.6% median; growth 20.7% against 3.8%.

Range logged 2026-09-24, receipt 8ff3ddfd98a7350d, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 4, latest 2026-10-27 ([filing](https://www.sec.gov/Archives/edgar/data/1355848/000168316826008120/0001683168-26-008120-index.htm))

## Recent filings

- 8-K · filed 2026-10-27 · 5.02 Departure or Election of Directors; Appointment of Officers; 5.07 Submission of Matters to a Vote of Security Holders; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1355848/000168316826008120/0001683168-26-008120-index.htm)
- 8-K · filed 2026-10-20 · 8.01 Other Events · [filing](https://www.sec.gov/Archives/edgar/data/1355848/000168316826007968/0001683168-26-007968-index.htm)
- DEF 14A · filed 2026-09-04 · [filing](https://www.sec.gov/Archives/edgar/data/1355848/000168316826006962/0001683168-26-006962-index.htm)
- 8-K · filed 2026-08-14 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1355848/000168316826006406/0001683168-26-006406-index.htm)
- 10-Q · filed 2026-08-14 · [filing](https://www.sec.gov/Archives/edgar/data/1355848/000168316826006405/0001683168-26-006405-index.htm)
- 8-K · filed 2026-08-12 · 8.01 Other Events · [filing](https://www.sec.gov/Archives/edgar/data/1355848/000168316826006230/0001683168-26-006230-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001355848.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1355848

## Cite

POPS4, Edgar & Edgarette: Kartoon Studios, Inc. (TOON) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/TOON. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.