Kartoon Studios, Inc. (TOON) intrinsic value & 10-year financials
Kartoon Studios, Inc. (TOON) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 52.8% a year to $39.4M, with an average return on invested capital of -65.4%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $0.52
- Market cap
- $26.3M
- Revenue (FY2025)
- $39.4M
- Revenue growth (10-yr CAGR)
- 52.8%
- ROIC (10-yr avg)
- -65.4%
- Free cash flow (FY2025)
- -$11.6M
TOON 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $39.4M | -$24.5M | -$0.49 | -$11.6M | -32.8% | -42.5% |
| FY2024 | $32.6M | -$20.7M | -$0.54 | -$3.6M | -52.1% | -38.7% |
| FY2023 | $44.1M | -$77.1M | -$2.29 | -$16.2M | -164.2% | -85.1% |
| FY2022 | $62.3M | -$45.6M | -$1.45 | -$24.2M | -70.2% | -34.2% |
| FY2021 | $7.9M | -$126.4M | -$4.24 | -$24.0M | -809.8% | -77.8% |
| FY2020 | $2.5M | -$401.7M | — | -$7.9M | -720.4% | -107.9% |
| FY2019 | $5.9M | -$11.5M | — | -$6.3M | -110.1% | -57.8% |
| FY2018 | $993.5K | -$9.0M | — | -$8.0M | -805.7% | -78.8% |
| FY2017 | $5.3M | -$4.9M | — | -$7.2M | -92.1% | — |
| FY2016 | $866.9K | -$6.2M | — | -$3.7M | -745.8% | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Kartoon Studios, Inc. is a consistent compounder, expanding top-line revenue at 52.8% annually over the past decade.
Kartoon Studios, Inc. has historically struggled to out-earn its cost of capital, averaging just -65.4% ROIC.
Kartoon Studios, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Kartoon Studios, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-16.28 per share.