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Side-by-side financial comparison of Arcellx, Inc. (ACLX) and Kartoon Studios, Inc. (TOON). Click either name above to swap in a different company.

Kartoon Studios, Inc. is the larger business by last-quarter revenue ($9.7M vs $8.1M, roughly 1.2× Arcellx, Inc.). Kartoon Studios, Inc. runs the higher net margin — -54.4% vs -766.0%, a 711.6% gap on every dollar of revenue. On growth, Kartoon Studios, Inc. posted the faster year-over-year revenue change (2.9% vs -79.3%). Kartoon Studios, Inc. produced more free cash flow last quarter ($346.0K vs $-63.9M). Over the past eight quarters, Kartoon Studios, Inc.'s revenue compounded faster (26.3% CAGR vs -24.6%).

Arcellx, Inc. is a clinical-stage biotechnology company that develops innovative chimeric antigen receptor T (CAR-T) cell therapies for treating hard-to-treat cancers including hematologic malignancies and solid tumors. Its core pipeline targets unmet oncology medical needs, serving global patient populations and partnering with life sciences stakeholders.

Kartoon Studios, Inc. is an entertainment company headed by Andy Heyward. The company was formed in 2010 as Genius Brands International (GBI) from the merger of Genius Brands International and A Squared Entertainment.

ACLX vs TOON — Head-to-Head

Bigger by revenue
TOON
TOON
1.2× larger
TOON
$9.7M
$8.1M
ACLX
Growing faster (revenue YoY)
TOON
TOON
+82.2% gap
TOON
2.9%
-79.3%
ACLX
Higher net margin
TOON
TOON
711.6% more per $
TOON
-54.4%
-766.0%
ACLX
More free cash flow
TOON
TOON
$64.3M more FCF
TOON
$346.0K
$-63.9M
ACLX
Faster 2-yr revenue CAGR
TOON
TOON
Annualised
TOON
26.3%
-24.6%
ACLX

Income Statement — Q1 FY2025 vs Q4 FY2025

Metric
ACLX
ACLX
TOON
TOON
Revenue
$8.1M
$9.7M
Net Profit
$-62.3M
$-5.3M
Gross Margin
Operating Margin
-847.6%
-38.4%
Net Margin
-766.0%
-54.4%
Revenue YoY
-79.3%
2.9%
Net Profit YoY
-765.1%
8.5%
EPS (diluted)
$-1.13
$-0.08

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ACLX
ACLX
TOON
TOON
Q4 25
$9.7M
Q3 25
$9.9M
Q2 25
$10.3M
Q1 25
$8.1M
$9.5M
Q4 24
$15.3M
$9.4M
Q3 24
$26.0M
$8.7M
Q2 24
$27.4M
$8.4M
Q1 24
$39.3M
$6.1M
Net Profit
ACLX
ACLX
TOON
TOON
Q4 25
$-5.3M
Q3 25
$-6.6M
Q2 25
$-6.2M
Q1 25
$-62.3M
$-6.5M
Q4 24
$-47.1M
$-5.8M
Q3 24
$-25.9M
$-2.1M
Q2 24
$-27.2M
$-5.9M
Q1 24
$-7.2M
$-7.0M
Operating Margin
ACLX
ACLX
TOON
TOON
Q4 25
-38.4%
Q3 25
-29.3%
Q2 25
-31.3%
Q1 25
-847.6%
-32.4%
Q4 24
-348.2%
-37.1%
Q3 24
-129.1%
-29.2%
Q2 24
-127.8%
-55.6%
Q1 24
-40.3%
-103.6%
Net Margin
ACLX
ACLX
TOON
TOON
Q4 25
-54.4%
Q3 25
-66.5%
Q2 25
-60.0%
Q1 25
-766.0%
-68.7%
Q4 24
-308.4%
-61.2%
Q3 24
-99.4%
-23.6%
Q2 24
-99.3%
-70.1%
Q1 24
-18.3%
-115.9%
EPS (diluted)
ACLX
ACLX
TOON
TOON
Q4 25
$-0.08
Q3 25
$-0.14
Q2 25
$-0.13
Q1 25
$-1.13
$-0.14
Q4 24
$-0.87
$-0.14
Q3 24
$-0.48
$-0.05
Q2 24
$-0.51
$-0.15
Q1 24
$-0.14
$-0.20

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ACLX
ACLX
TOON
TOON
Cash + ST InvestmentsLiquidity on hand
$543.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$416.9M
$26.2M
Total Assets
$648.1M
$70.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACLX
ACLX
TOON
TOON
Q4 25
Q3 25
Q2 25
Q1 25
$543.3M
Q4 24
$587.4M
$100.0K
Q3 24
$574.3M
Q2 24
$516.7M
Q1 24
$573.9M
Stockholders' Equity
ACLX
ACLX
TOON
TOON
Q4 25
$26.2M
Q3 25
$22.6M
Q2 25
$28.4M
Q1 25
$416.9M
$28.6M
Q4 24
$454.8M
$35.0M
Q3 24
$483.0M
$41.2M
Q2 24
$487.2M
$42.7M
Q1 24
$496.6M
$44.8M
Total Assets
ACLX
ACLX
TOON
TOON
Q4 25
$70.9M
Q3 25
$66.7M
Q2 25
$70.0M
Q1 25
$648.1M
$71.7M
Q4 24
$711.3M
$85.5M
Q3 24
$764.9M
$87.3M
Q2 24
$734.3M
$89.0M
Q1 24
$779.7M
$93.3M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ACLX
ACLX
TOON
TOON
Operating Cash FlowLast quarter
$-63.1M
$381.0K
Free Cash FlowOCF − Capex
$-63.9M
$346.0K
FCF MarginFCF / Revenue
-786.4%
3.6%
Capex IntensityCapex / Revenue
9.6%
0.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-122.5M
$-11.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACLX
ACLX
TOON
TOON
Q4 25
$381.0K
Q3 25
$-5.5M
Q2 25
$-4.5M
Q1 25
$-63.1M
$-1.8M
Q4 24
$-46.0M
$-2.4M
Q3 24
$30.7M
$1.5M
Q2 24
$-36.2M
$-6.5M
Q1 24
$-31.9M
$3.8M
Free Cash Flow
ACLX
ACLX
TOON
TOON
Q4 25
$346.0K
Q3 25
$-5.5M
Q2 25
$-4.5M
Q1 25
$-63.9M
$-1.8M
Q4 24
$-47.5M
$-2.4M
Q3 24
$28.4M
$1.5M
Q2 24
$-39.5M
Q1 24
$-38.3M
$3.8M
FCF Margin
ACLX
ACLX
TOON
TOON
Q4 25
3.6%
Q3 25
-56.0%
Q2 25
-44.1%
Q1 25
-786.4%
-19.4%
Q4 24
-311.3%
-25.6%
Q3 24
109.2%
17.1%
Q2 24
-144.1%
Q1 24
-97.7%
62.7%
Capex Intensity
ACLX
ACLX
TOON
TOON
Q4 25
0.4%
Q3 25
0.4%
Q2 25
0.6%
Q1 25
9.6%
0.2%
Q4 24
9.8%
0.5%
Q3 24
8.8%
0.4%
Q2 24
11.7%
0.0%
Q1 24
16.4%
0.6%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ACLX
ACLX

Segment breakdown not available.

TOON
TOON

Other$4.6M48%
CA$2.8M29%
Content Distribution$2.2M23%

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