Kartoon Studios, Inc.
Sector: Services-Motion Picture & Video Tape ProductionIndustry: EntertainmentCountry: USExchange: NYSE
DilutionScan read 33 of Kartoon Studios, Inc.'s SEC filings and found 11 warrant series, 2 shelf registrations, 2 S-1 registrations and 1 completed offering on file for TOON. The latest dilution event on file is a registration statement on Dec 9, 2025. Analysis updated Oct 7, 2026.
Signal8 Summary
TOON
Going-concern warning with tight cash
Snapshot
Kartoon Studios is a small entertainment company facing a severe liquidity crisis. The business reported $39.4 million in revenue for FY 2025, up 20.7% from the prior year, but it lost $24.5 million in net income. The company burned $11.6 million in free cash flow during the fiscal year and ended with only $6.9 million in cash against $17.7 million in debt. This leaves a cash runway of just 2.8 months at current burn rates.
What's Happening Right Now
- : Kartoon Studios announced it secured approximately $78.5 million in litigation settlements from the Augenbaum v. Anson Investments case, a major cash infusion intended to fund content production and licensing.
- : Q1 2026 results showed a net loss of $6.4 million and revenue down 24% year-over-year, with management disclosing substantial doubt about the company's ability to continue as a going concern.
- : The company secured a licensing deal with Mattel for Masters of the Universe and American Girl animated series for its Kartoon Channel streaming service.
