TOON
Kartoon Studios Inc.
TOON's fundamentals are mixed: it turned 80% of its revenue into free cash flow, but its operating margin worsened to −39%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
TOON Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Weak | |
| Strong | |
| Unavailable |
TOON's cash flow is currently strong, but its revenue and profitability are weak. There isn't enough data to rate its balance sheet.
TOON PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 8.3x | $0.49 | — |
| Cheap | 8.6x | $0.51 | +4.7% |
| Fair | 9.4x | $0.56 | +15% |
| Expensive | 11x | $0.64 | +30% |
Historical ranges are pointers, not guarantees.
TOON's PE is 8.3x, but its earnings don't support one, so it isn't a reliable read right now.
TOON Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Growth | |
| -- | |
| Limited | |
| High |
Analysts expect TOON's losses to grow, with revenue growing.
TOON Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $0.06 | +$0.52 |
| Q1 2026 | -$0.45 | +$0.03 |
| Q4 2025 | -$0.49 | +$0.05 |
| Q3 2025 | -$0.55 | +$0.58 |
| Q2 2025 | -$0.46 | +$1.06 |
| Q1 2025 | -$0.48 | +$1.36 |
| Q4 2024 | -$0.54 | +$1.87 |
| Q3 2024 | -$1.13 | +$1.10 |
TOON has returned to profit: it earned $0.06 per share over the past year, after losing money the year before. Its recent earnings include one-off gains.
TOON Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $5.8M | -43% |
| Q1 2026 | $7.2M | -24% |
| Q4 2025 | $9.7M | +2.9% |
| Q3 2025 | $9.9M | +13% |
| Q2 2025 | $10.3M | +23% |
| Q1 2025 | $9.5M | +56% |
| Q4 2024 | $9.4M | +6.9% |
| Q3 2024 | $8.7M | -14% |
TOON's revenue has slid since its 2022 peak: $6M last quarter, down 43% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -59% | -27 points |
| Q1 2026 | -39% | -6.3 points |
| Q4 2025 | -38% | -1.3 points |
| Q3 2025 | -29% | -0.1 points |
| Q2 2025 | -31% | +24 points |
| Q1 2025 | -32% | +71 points |
| Q4 2024 | -37% | +294 points |
| Q3 2024 | -29% | +96 points |
TOON's operating margin was −59% last quarter, down 27 points from the same quarter a year ago.
TOON Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $34.2M | +$38.8M |
| Q1 2026 | -$2.9M | -$1M |
| Q4 2025 | $346K | +$2.8M |
| Q3 2025 | -$5.5M | -471% |
| Q2 2025 | -$4.5M | +$2M |
| Q1 2025 | -$1.8M | -148% |
| Q4 2024 | -$2.4M | -159% |
| Q3 2024 | $1.5M | +$11.1M |
TOON's free cash flow has turned positive after six years mostly in the red: $26M over the past year.
TOON Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +8.2M shares |
| 1 year | +48% | +23.2M shares |
| 3 years | +119% | +38.6M shares |
| 5 years | +136% | +40.9M shares |
| Available history | +6213% | +69.8M shares |
TOON has 71M diluted shares, up 48% from a year ago.
TOON Net Leverage
TOON Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.4 | Neutral |
| Stochastic | 8.6 | Oversold |
TOON's weekly RSI is 37 (neutral) and its Stochastic is 9 (oversold).
TOON PE vs Communication Services Sector
| Metric | TOON | Sector median | Relative |
|---|---|---|---|
| PE | 8.3x | 16x | 50% below |
TOON is trading at 8.3x earnings, a 50% discount to the Communication Services sector's median of 16x, though its earnings don't support one.
TOON Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $0.53 | 7.5% below |
| 20 week MA | $0.58 | 16% below |
| 50 week MA | $0.65 | 25% below |
| 100 week MA | $0.67 | 27% below |
| 200 week MA | $1.19 | 59% below |
TOON is in a downtrend: it's below all five of its weekly moving averages, and 59% below its 200-week average.
TOON Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $2.22 | $15.6 | +603% |
| 2021 | $15.6 | $12.0 | -23% |
| 2022 | $12.0 | $5.30 | -56% |
| 2023 | $5.30 | $1.39 | -74% |
| 2024 | $1.39 | $0.66 | -53% |
| 2025 | $0.66 | $0.74 | +12% |
| 2026 YTD | $0.74 | $0.49 | -34% |
TOON's yearly returns have swung widely, from +603% in 2020 to −74% in 2023. It's down 34% so far in 2026.