Kartoon Studios (TOON)
Market Price (1/21/2026): $0.689 | Market Cap: $33.2 MilSector: Communication Services | Industry: Movies & Entertainment
Kartoon Studios (TOON)
Market Price (1/21/2026): $0.689Market Cap: $33.2 MilSector: Communication ServicesIndustry: Movies & Entertainment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 22% | Weak multi-year price returns2Y Excs Rtn is -85%, 3Y Excs Rtn is -159% | Penny stockMkt Price is 0.7 |
| Megatrend and thematic driversMegatrends include Digital Content & Streaming, and Social Media & Creator Economy. Themes include Video Streaming, and Creator Economy Monetization. | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -13 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -32% | |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 52% | ||
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.1% | ||
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -36%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -37% | ||
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -77% | ||
| Key risksTOON key risks include [1] a precarious financial position with a high probability of distress, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 22% |
| Megatrend and thematic driversMegatrends include Digital Content & Streaming, and Social Media & Creator Economy. Themes include Video Streaming, and Creator Economy Monetization. |
| Weak multi-year price returns2Y Excs Rtn is -85%, 3Y Excs Rtn is -159% |
| Penny stockMkt Price is 0.7 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -13 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -32% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 52% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.1% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -36%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -37% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -77% |
| Key risksTOON key risks include [1] a precarious financial position with a high probability of distress, Show more. |
Why The Stock Moved
Qualitative Assessment
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Kartoon Studios (TOON) stock has lost about 5% since 9/30/2025 because of the following key factors:
1. Continued Unprofitability: Kartoon Studios reported a net loss of -$6.57 million for the third quarter of 2025, with the earnings announced on November 13, 2025. For the trailing twelve months ending September 30, 2025, the company's net profit was -$25.02 million, a 37.98% decrease year over year, highlighting persistent unprofitability.
2. Negative Earnings Per Share (EPS): The Q3 2025 earnings report revealed an earnings per share (EPS) of -$0.14. This continued negative EPS indicated to investors that the company was not generating profit on a per-share basis, which contributed to a stock decline of -2.8% on November 14, 2025, the day following the earnings announcement.
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1. Continued Unprofitability: Kartoon Studios reported a net loss of -$6.57 million for the third quarter of 2025, with the earnings announced on November 13, 2025. For the trailing twelve months ending September 30, 2025, the company's net profit was -$25.02 million, a 37.98% decrease year over year, highlighting persistent unprofitability.
2. Negative Earnings Per Share (EPS): The Q3 2025 earnings report revealed an earnings per share (EPS) of -$0.14. This continued negative EPS indicated to investors that the company was not generating profit on a per-share basis, which contributed to a stock decline of -2.8% on November 14, 2025, the day following the earnings announcement.
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Stock Movement Drivers
Fundamental Drivers
The -13.5% change in TOON stock from 10/31/2025 to 1/20/2026 was primarily driven by a -15.5% change in the company's P/S Multiple.| 10312025 | 1202026 | Change | |
|---|---|---|---|
| Stock Price ($) | 0.82 | 0.71 | -13.54% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 37.91 | 39.08 | 3.08% |
| P/S Multiple | 1.03 | 0.87 | -15.53% |
| Shares Outstanding (Mil) | 47.81 | 48.14 | -0.71% |
| Cumulative Contribution | -13.55% |
Market Drivers
10/31/2025 to 1/20/2026| Return | Correlation | |
|---|---|---|
| TOON | -13.5% | |
| Market (SPY) | -0.7% | 43.3% |
| Sector (XLC) | -1.2% | 41.1% |
Fundamental Drivers
The 2.2% change in TOON stock from 7/31/2025 to 1/20/2026 was primarily driven by a 8.5% change in the company's Total Revenues ($ Mil).| 7312025 | 1202026 | Change | |
|---|---|---|---|
| Stock Price ($) | 0.69 | 0.71 | 2.22% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 36.02 | 39.08 | 8.51% |
| P/S Multiple | 0.90 | 0.87 | -2.86% |
| Shares Outstanding (Mil) | 46.69 | 48.14 | -3.11% |
| Cumulative Contribution | 2.12% |
Market Drivers
7/31/2025 to 1/20/2026| Return | Correlation | |
|---|---|---|
| TOON | 2.2% | |
| Market (SPY) | 7.5% | 40.2% |
| Sector (XLC) | 6.0% | 34.6% |
Fundamental Drivers
The 34.1% change in TOON stock from 1/31/2025 to 1/20/2026 was primarily driven by a 33.7% change in the company's P/S Multiple.| 1312025 | 1202026 | Change | |
|---|---|---|---|
| Stock Price ($) | 0.53 | 0.71 | 34.08% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 31.98 | 39.08 | 22.21% |
| P/S Multiple | 0.65 | 0.87 | 33.73% |
| Shares Outstanding (Mil) | 39.50 | 48.14 | -21.88% |
| Cumulative Contribution | 27.66% |
Market Drivers
1/31/2025 to 1/20/2026| Return | Correlation | |
|---|---|---|
| TOON | 34.1% | |
| Market (SPY) | 13.6% | 30.6% |
| Sector (XLC) | 11.8% | 30.0% |
Fundamental Drivers
The -90.3% change in TOON stock from 1/31/2023 to 1/20/2026 was primarily driven by a -82.7% change in the company's P/S Multiple.| 1312023 | 1202026 | Change | |
|---|---|---|---|
| Stock Price ($) | 7.30 | 0.71 | -90.30% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 45.84 | 39.08 | -14.74% |
| P/S Multiple | 5.05 | 0.87 | -82.74% |
| Shares Outstanding (Mil) | 31.73 | 48.14 | -51.74% |
| Cumulative Contribution | -92.90% |
Market Drivers
1/31/2023 to 1/20/2026| Return | Correlation | |
|---|---|---|
| TOON | -90.3% | |
| Market (SPY) | 72.9% | 22.4% |
| Sector (XLC) | 112.1% | 20.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| TOON Return | -24% | -56% | -70% | -58% | 22% | -1% | -95% |
| Peers Return | � | � | � | � | � | � | � |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 85% |
Monthly Win Rates [3] | |||||||
| TOON Win Rate | 42% | 42% | 25% | 17% | 42% | 0% | |
| Peers Win Rate | � | � | � | � | � | � | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 100% | |
Max Drawdowns [4] | |||||||
| TOON Max Drawdown | -24% | -56% | -79% | -64% | -16% | -1% | |
| Peers Max Drawdown | � | � | � | � | � | � | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | 0% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: NFLX, DCR, INHI, SUKE, TVCN.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 1/20/2026 (YTD)
How Low Can It Go
| Event | TOON | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -96.8% | -25.4% |
| % Gain to Breakeven | 2991.5% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -87.3% | -33.9% |
| % Gain to Breakeven | 685.1% | 51.3% |
| Time to Breakeven | Not Fully Recovered days | 148 days |
| 2018 Correction | ||
| % Loss | -96.5% | -19.8% |
| % Gain to Breakeven | 2749.3% | 24.7% |
| Time to Breakeven | 166 days | 120 days |
Compare to NFLX, DCR, INHI, SUKE, TVCN
In The Past
Kartoon Studios's stock fell -96.8% during the 2022 Inflation Shock from a high on 1/27/2021. A -96.8% loss requires a 2991.5% gain to breakeven.
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Kartoon Studios Inc., a content and brand management company, creates, produces, licenses, and broadcasts educational and multimedia animated content for children worldwide. The company offers Ukulele U, a live-action IP preschool music series; Team Zenko Go!, a preschool computer animated children's streaming television series; Rainbow Rangers, an animated series about the adventures of seven magical girls; Guava Juice, a 2D animated IP series; Shaq's Garage, a children's animated series about the secret adventures; Cocomelon that provides 3D animation videos of traditional nursery rhymes and children's songs; Eggventurers, a preschool animated series; Barbie Productions that provides animated Barbie series; Octonauts, a children's television series based on the children's books; Roblox Rumble, an elimination-style competitive reality series; Spin Master Productions; Madagascar; and Bee & PuppyCat. It also operates a cartoon channel over various platforms. In addition, the company acts as a licensing agent for Llama Llama, Bee & PuppyCat, and Castlevania. It serves various customers and partners, including broadcasters, consumer products licensees, and online platforms. The company was formerly known as Genius Brands International, Inc. and changed its name to Kartoon Studios Inc. in June 2023. Kartoon Studios Inc. was incorporated in 2006 and is headquartered in Beverly Hills, California.
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- A mini-Disney focused on creating and streaming original children's animation.
- A Netflix exclusively for original children's animated content and its own streaming channel.
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- Content Production and Distribution: Production and development of animated series and films for children and families.
- Content Licensing and Merchandising: Licensing of intellectual property for consumer products, publishing, and digital media across various platforms.
- Streaming Platform Operations: Operation of the "Kartoon Channel!" streaming service, providing a curated library of children's entertainment.
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Kartoon Studios (symbol: TOON) primarily sells its animated content and intellectual property (IP) through a business-to-business (B2B) model, licensing its library and original productions to various media companies, streaming platforms, and consumer product manufacturers. While their owned and operated Kartoon Channel! serves individual viewers directly, its distribution relies on major platform partners, and a significant portion of its revenue comes from advertising sold to other businesses.
Therefore, Kartoon Studios' major customers are primarily other companies, which include:
- Netflix (Symbol: NFLX) - A global streaming service that licenses a wide array of content, including titles from Kartoon Studios.
- Amazon (Symbol: AMZN) - Through its Amazon Prime Video service and other digital distribution channels, Amazon licenses and distributes Kartoon Studios' content.
- The Walt Disney Company (Symbol: DIS) - Various entities within Disney, such as Hulu, have licensed Kartoon Studios' programming.
- Alphabet Inc. (Symbol: GOOGL) - Through YouTube, a significant platform for content distribution and advertising, where Kartoon Channel! content is widely available.
- Roku (Symbol: ROKU) - A leading streaming platform provider where Kartoon Channel! is available as an application, serving as a major distribution partner.
- Paramount Global (Symbol: PARA) - Through its Pluto TV streaming service, which hosts Kartoon Channel! as part of its free ad-supported offerings.
It is important to note that Kartoon Studios engages in numerous licensing agreements globally with a broad network of broadcasters, streaming services, and consumer product manufacturers. The companies listed above represent some of the most prominent public distribution and content licensing partners.
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Andy Heyward, Chairman & Chief Executive Officer
Andy Heyward is an Emmy Award-winning producer who has made more episodes of kids' television than any other producer. After joining Hanna-Barbera in 1975, he moved to DIC Audiovisuel in 1980. Heyward later led DIC Entertainment as Chairman and CEO. He sold a majority interest in DIC to Capital Cities/ABC in 1993, which was later purchased by The Walt Disney Company. In 2000, Heyward re-purchased DIC Entertainment with two venture capital firms, and in 2008, he sold it to Cookie Jar Group. In 2009, he founded A Squared Entertainment with his wife, which merged with Genius Brands in 2013 to form Genius Brands International (now Kartoon Studios).
Brian Parisi, Chief Financial Officer
Mr. Parisi brings 30 years of experience across the entertainment, media, and high-tech industries. Before joining Kartoon Studios, he was the Chief Financial Officer at Break the Floor Productions, an entertainment production company, where he prepared the company for sale and successfully completed two separate transactions with private equity firms.
Michael Jaffa, Chief Operating Officer
Todd Steinman, President of Toon Media Networks Worldwide
Prior to joining Kartoon Studios, Todd Steinman served as Vice President in the Direct to Consumer and International division at The Walt Disney Company, where he helped launch Disney+. He also co-founded the digital media agency M80, and after its acquisition by WPP, he led the NBCUniversal media team for WPP. His role at Kartoon Studios has expanded to lead global business for Kartoon Channel Worldwide.
Margaret Loesch, Executive Chairman, Kartoon Channel
Margaret Loesch has an extensive background in children's entertainment. She served as Chief Executive Officer and President of The Hub Network, Co-Chief Executive Officer of The Hatchery, Chief Executive Officer of the Hallmark Channel, Chief Executive Officer of Fox Kids Network, and Chief Executive Officer of Marvel Productions.
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The key risks to Kartoon Studios (TOON) include:
- Precarious Financial Position and High Probability of Bankruptcy: Kartoon Studios faces a fragile financial position, evidenced by a working capital deficit of $1.7 million as of March 31, 2025, which indicates significant liquidity strain. This represents a sharp deterioration from a positive working capital position earlier in 2024. The company's cash position is particularly alarming. Analysis also suggests a very high probability of the company experiencing financial distress, with some indicators placing the odds of distress above 80%.
- Significant Operating Losses and Challenges to Sustained Profitability: Despite efforts to reduce costs, Kartoon Studios has a history of significant operating losses, making the path to achieving near-term and sustained profitability challenging. While the company has shown improvements in revenue growth and reduced operating losses in recent quarters, its ability to consistently generate free cash flow remains a key concern. The company's future value is heavily dependent on the successful execution of its strategic roadmap and monetization of its content, requiring flawless execution in a narrow path to profitability.
- High Stock Volatility and Potential for Shareholder Dilution: Kartoon Studios' stock exhibits high volatility, with a beta significantly higher than the market average, making it a higher-risk investment that can move sharply in response to market and sector news. The company has also engaged in dilutive financing activities, such as recent share offerings, which could further dilute existing shareholder holdings and exert downward pressure on the stock price.
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The clear emerging threat for Kartoon Studios (TOON) is the accelerating shift in children's media consumption patterns towards user-generated content (UGC) and interactive platforms, such as YouTube Kids, TikTok, and gaming environments like Roblox and Minecraft.
This trend signifies a fundamental change in how children engage with entertainment, favoring short-form, on-demand, interactive, and socially driven content over the traditional, professionally produced linear animated series and curated streaming channels that constitute the core of Kartoon Studios' business. While these platforms have been present for some time, their cumulative impact and increasing dominance in capturing children's attention are continually growing, presenting a significant and evolving challenge to traditional content providers.
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Kartoon Studios (TOON) operates across several key segments within the global children's and family entertainment market. Its main products and services include animated content production and distribution, intellectual property (IP) licensing and merchandising, digital streaming platforms, and media advisory and advertising services.
Addressable Markets:
- Global Children's Entertainment Content (Animation & Streaming): Kartoon Studios is a prominent creator, producer, and distributor of animated content for children and families worldwide. While a precise market size for "children's animated content production and distribution" as a singular figure is not readily available in the provided information, the broader "children's entertainment" market is significant. However, the available data for "children's entertainment centers market" (e.g., USD 60.03 billion in 2023, projected to reach USD 122.6 billion by 2032 globally) refers to physical locations and activities rather than content production and streaming, which is Kartoon Studios' primary focus. Therefore, a direct market size for their core animated content and streaming business is not definitively available from the search results.
- Global IP Licensing & Merchandising: Kartoon Studios leverages its intellectual property (IP), including popular brands like Stan Lee Universe and Winnie and Friends, for consumer products, toys, and apparel. Stan Lee's creations have collectively generated "tens of billions of dollars in global box office and consumer products revenue". However, this figure represents the entire legacy of Stan Lee's creations, most of which are controlled by other entities. For Kartoon Studios' direct addressable market in licensing and merchandising related to its specific IP portfolio, detailed global market sizing beyond this general figure is not available in the provided data.
- Global Non-Fungible Token (NFT) Market: Kartoon Studios is involved in leveraging the Stan Lee IP for collectibles, which may include NFTs. The global non-fungible token (NFT) market was estimated at approximately USD 26.9 billion in 2023 and is projected to reach USD 211.7 billion by 2030, growing at a CAGR of 34.5% from 2024 to 2030. Another estimate puts the global NFT market size at USD 37.6 billion in 2024, projected to grow to USD 820.6 billion by 2035. North America held the largest share of the NFT market in 2023.
Based on the available information, the addressable market sizes directly relevant and quantifiable for Kartoon Studios' main products are:
- Global NFT Market: Approximately USD 26.9 billion in 2023, projected to reach USD 211.7 billion by 2030.
For its core animated content production, distribution, streaming, and IP licensing/merchandising beyond NFTs, specific, distinct, and quantifiable addressable market sizes directly attributable to Kartoon Studios' operations were not found in the provided search results. Therefore, for these segments, the specific market size is null.
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Kartoon Studios (TOON) anticipates several key drivers to fuel its revenue growth over the next two to three years:
- Increased Content Production and Distribution: Kartoon Studios' Mainframe Studios has a robust production pipeline, securing orders for 145 episodes extending through 2027. This includes new series for major clients such as Disney, Netflix, Sony Kids, and Spin Master. The company also continues to monetize its extensive content library through ongoing partnerships with major streaming services.
- Global Expansion and Platform Growth of Kartoon Channel!: The company's owned and operated streaming platform, Kartoon Channel!, is expanding its global footprint. It is currently available in 69 countries, reaching an estimated 1.5 billion potential viewers, and has broadened its distribution to 18 platforms in the U.S., including Amazon Prime, Apple TV, Roku, and Comcast. Kartoon Channel! has also expanded internationally into regions like India, the UK, and Italy.
- Monetization of Key Franchises and IP Development: Kartoon Studios is leveraging established and new intellectual properties for growth. This includes the "Stan Lee Universe" and the upcoming "Hundred Acre Wood's Winnie and Friends," which is set to premiere in December 2026. These franchises are expected to drive revenue through new content, licensing, and global brand expansion.
- Growth of the Advertising Business (Beacon Media Group): Beacon Media Group, Kartoon Studios' family and kids' advertising unit, achieved profitability in 2024. This unit is positioned for continued growth in 2025 by employing high-efficiency ads and data-driven strategies, contributing to the company's overall revenue.
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Capital Allocation Decisions (Last 3-5 Years)
Share Repurchases
- Kartoon Studios announced a strategic share retirement to enhance shareholder value and reduce shares outstanding, with 348,127 shares being retired.
- The company's Q2 2025 financial summary mentioned recent share repurchase activity, indicating ongoing efforts in this area.
Share Issuance
- In April 2024, Kartoon Studios completed the initial closing of a registered direct offering for up to $7.0 million, issuing 3,900,000 shares of common stock and 100,000 pre-funded warrants.
- In October 2025, the company secured approximately $7.3 million in financing from an institutional investor through the sale of 3,000,000 common shares, pre-funded warrants for up to 6,903,049 shares, and common warrants for up to 9,903,049 shares.
- Kartoon Studios settled an obligation of approximately $1.8 million in September 2025 by issuing up to 3,148,535 shares of common stock.
Inbound Investments
- Kartoon Studios secured approximately $7.3 million in equity financing from a single institutional investor in October 2025 to fuel global content rollouts and expansion.
- In December 2024, ARMISTICE CAPITAL, LLC acquired 4,607,156 shares of Kartoon Studios Inc. at $0.59 per share, establishing a 9.99% position in the company.
Outbound Investments
- In 2022, Kartoon Studios acquired Canada's WOW! Unlimited Media.
- Also in 2022, Kartoon Studios made a strategic investment to become the largest shareholder in Germany's Your Family Entertainment AG (FRA:RTV).
Capital Expenditures
- Net proceeds from the $7.3 million financing in October 2025 are earmarked for working capital and general corporate purposes, including marketing for "Winnie & Friends," "Stan Lee Universe" expansion, "Bitcoin Brigade" rollout, and content acquisition for Kartoon Channel.
- The company focuses on maintaining financial discipline and strategically investing in profitable areas such as premium content production, data-driven advertising, and licensing and merchandising.
- Mainframe Studios, a key animation production unit, has a growing sales pipeline and newly greenlit projects projected to generate over $40 million in revenue.
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Peer Comparisons for Kartoon Studios
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 43.98 |
| Mkt Cap | 185.2 |
| Rev LTM | 21,709 |
| Op Inc LTM | 6,315 |
| FCF LTM | 4,476 |
| FCF 3Y Avg | 3,622 |
| CFO LTM | 4,780 |
| CFO 3Y Avg | 3,847 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 18.8% |
| Rev Chg 3Y Avg | 5.6% |
| Rev Chg Q | 15.3% |
| QoQ Delta Rev Chg LTM | 3.6% |
| Op Mgn LTM | -1.7% |
| Op Mgn 3Y Avg | -15.5% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | -7.1% |
| CFO/Rev 3Y Avg | -1.2% |
| FCF/Rev LTM | -8.0% |
| FCF/Rev 3Y Avg | -1.9% |
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Content Production and Distribution | 39 | 57 | 3 | ||
| Media Advisory and Advertising Services | 5 | 5 | 5 | ||
| Advertising Sales | 0 | 0 | |||
| Licensing and Royalties | 1 | 1 | |||
| Television and Home Entertainment | 1 | 5 | |||
| Product Sales | 0 | ||||
| Total | 44 | 62 | 8 | 2 | 6 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Media Advisory and Advertising Services | -1 | -9 | -3 | ||
| Content Production and Distribution | -76 | -37 | -123 | ||
| Total | -77 | -46 | -126 |
Price Behavior
Price Behavior
| Market Price | $0.71 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 08/28/2009 | |
| Distance from 52W High | -19.5% | |
| 50 Days | 200 Days | |
| DMA Price | $0.71 | $0.73 |
| DMA Trend | up | down |
| Distance from DMA | -0.7% | -2.4% |
| 3M | 1YR | |
| Volatility | 55.1% | 60.0% |
| Downside Capture | 249.36 | 155.78 |
| Upside Capture | 161.62 | 165.70 |
| Correlation (SPY) | 44.6% | 30.1% |
TOON Betas & Captures as of 12/31/2025
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.10 | 2.55 | 2.34 | 2.03 | 0.99 | 1.07 |
| Up Beta | 1.05 | 3.40 | 2.57 | 1.96 | 0.23 | 0.42 |
| Down Beta | 0.83 | 2.05 | 1.04 | 1.59 | 0.99 | 1.13 |
| Up Capture | 94% | 196% | 306% | 222% | 245% | 72% |
| Bmk +ve Days | 11 | 23 | 37 | 72 | 143 | 431 |
| Stock +ve Days | 10 | 17 | 29 | 57 | 116 | 326 |
| Down Capture | 147% | 262% | 258% | 213% | 137% | 111% |
| Bmk -ve Days | 11 | 18 | 27 | 55 | 108 | 320 |
| Stock -ve Days | 12 | 24 | 35 | 68 | 133 | 390 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| TOON vs. Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| TOON | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 35.7% | 17.9% | 15.3% | 75.7% | 3.6% | 7.5% | -7.9% |
| Annualized Volatility | 59.8% | 18.4% | 19.3% | 20.3% | 15.3% | 16.8% | 34.3% |
| Sharpe Ratio | 0.73 | 0.75 | 0.61 | 2.67 | 0.03 | 0.26 | -0.08 |
| Correlation With Other Assets | 29.3% | 30.1% | 5.4% | 2.1% | 19.1% | 17.9% | |
ETFs used for asset classes: Sector ETF = XLC, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, Bitcoin = BTCUSD
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Based On 5-Year Data
| TOON vs. Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| TOON | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -45.3% | 12.4% | 13.8% | 20.4% | 11.5% | 6.0% | 21.1% |
| Annualized Volatility | 86.2% | 20.9% | 17.1% | 15.7% | 18.7% | 18.8% | 48.0% |
| Sharpe Ratio | -0.33 | 0.50 | 0.65 | 1.05 | 0.50 | 0.22 | 0.47 |
| Correlation With Other Assets | 18.5% | 18.7% | 3.8% | 7.2% | 15.0% | 12.3% | |
ETFs used for asset classes: Sector ETF = XLC, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, Bitcoin = BTCUSD
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Based On 10-Year Data
| TOON vs. Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| TOON | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -23.3% | 12.5% | 15.3% | 15.4% | 8.0% | 5.7% | 70.5% |
| Annualized Volatility | 128.2% | 22.5% | 18.0% | 14.9% | 17.6% | 20.8% | 55.7% |
| Sharpe Ratio | 0.25 | 0.51 | 0.73 | 0.86 | 0.37 | 0.24 | 0.91 |
| Correlation With Other Assets | 14.3% | 13.5% | 0.9% | 6.0% | 9.3% | 8.4% | |
ETFs used for asset classes: Sector ETF = XLC, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, Bitcoin = BTCUSD
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Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/14/2025 | -7.2% | -9.7% | 8.1% |
| 8/14/2025 | -3.0% | -1.6% | 7.1% |
| 3/31/2025 | 3.1% | -0.0% | -8.5% |
| 11/14/2024 | -0.2% | -10.0% | -27.2% |
| 6/21/2024 | -1.0% | 1.0% | -6.9% |
| 4/9/2024 | 0.6% | -5.2% | -29.9% |
| 4/3/2023 | 7.0% | 5.1% | -6.2% |
| 8/17/2022 | -14.9% | -25.8% | -33.3% |
| SUMMARY STATS | |||
| # Positive | 3 | 2 | 2 |
| # Negative | 5 | 6 | 6 |
| Median Positive | 3.1% | 3.1% | 7.6% |
| Median Negative | -3.0% | -7.4% | -17.8% |
| Max Positive | 7.0% | 5.1% | 8.1% |
| Max Negative | -14.9% | -25.8% | -33.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/14/2025 | 10-Q (09/30/2025) |
| 06/30/2025 | 08/14/2025 | 10-Q (06/30/2025) |
| 03/31/2025 | 05/15/2025 | 10-Q (03/31/2025) |
| 12/31/2024 | 03/31/2025 | 10-K (12/31/2024) |
| 09/30/2024 | 11/14/2024 | 10-Q (09/30/2024) |
| 06/30/2024 | 08/14/2024 | 10-Q (06/30/2024) |
| 03/31/2024 | 05/15/2024 | 10-Q (03/31/2024) |
| 12/31/2023 | 04/09/2024 | 10-K (12/31/2023) |
| 09/30/2023 | 11/17/2023 | 10-Q (09/30/2023) |
| 06/30/2023 | 08/14/2023 | 10-Q (06/30/2023) |
| 03/31/2023 | 05/22/2023 | 10-Q (03/31/2023) |
| 12/31/2022 | 04/13/2023 | 10-K (12/31/2022) |
| 09/30/2022 | 11/14/2022 | 10-Q (09/30/2022) |
| 06/30/2022 | 08/17/2022 | 10-Q (06/30/2022) |
| 03/31/2022 | 05/16/2022 | 10-Q (03/31/2022) |
| 12/31/2021 | 04/06/2022 | 10-K (12/31/2021) |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Davis, Gray | Direct | Buy | 6132025 | 0.80 | 6,200 | 4,990 | 51,995 | Form | |
| 2 | Heyward, Andy | CEO and Chairman | Direct | Buy | 5302025 | 0.83 | 5,927 | 4,918 | 1,479,629 | Form |
| 3 | Parisi, Brian | CFO | Direct | Buy | 5292025 | 0.82 | 6,100 | 5,032 | 9,846 | Form |
| 4 | Jaffa, Michael | COO, GC & Secretary | Direct | Buy | 5282025 | 0.82 | 0 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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