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Side-by-side financial comparison of BTCS Inc. (BTCS) 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 $7.1M, roughly 1.4× BTCS Inc.). On growth, BTCS Inc. posted the faster year-over-year revenue change (205.5% vs 2.9%). Kartoon Studios, Inc. produced more free cash flow last quarter ($346.0K vs $-9.8M). Over the past eight quarters, BTCS Inc.'s revenue compounded faster (296.4% CAGR vs 26.3%).
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.
BTCS vs TOON — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.1M | $9.7M |
| Net Profit | — | $-5.3M |
| Gross Margin | 12.4% | — |
| Operating Margin | — | -38.4% |
| Net Margin | — | -54.4% |
| Revenue YoY | 205.5% | 2.9% |
| Net Profit YoY | — | 8.5% |
| EPS (diluted) | $-1.58 | $-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.
| Q4 25 | $7.1M | $9.7M | ||
| Q3 25 | $4.9M | $9.9M | ||
| Q2 25 | $2.8M | $10.3M | ||
| Q1 25 | $1.7M | $9.5M | ||
| Q4 24 | $2.3M | $9.4M | ||
| Q3 24 | $739.2K | $8.7M | ||
| Q2 24 | $561.2K | $8.4M | ||
| Q1 24 | $451.4K | $6.1M |
| Q4 25 | — | $-5.3M | ||
| Q3 25 | $65.6M | $-6.6M | ||
| Q2 25 | $3.9M | $-6.2M | ||
| Q1 25 | $-17.3M | $-6.5M | ||
| Q4 24 | — | $-5.8M | ||
| Q3 24 | $-9.0M | $-2.1M | ||
| Q2 24 | $-6.7M | $-5.9M | ||
| Q1 24 | $12.3M | $-7.0M |
| Q4 25 | 12.4% | — | ||
| Q3 25 | 22.0% | — | ||
| Q2 25 | -2.9% | — | ||
| Q1 25 | 7.1% | — | ||
| Q4 24 | 2.9% | — | ||
| Q3 24 | 26.5% | — | ||
| Q2 24 | 69.9% | — | ||
| Q1 24 | 64.4% | — |
| Q4 25 | — | -38.4% | ||
| Q3 25 | — | -29.3% | ||
| Q2 25 | — | -31.3% | ||
| Q1 25 | — | -32.4% | ||
| Q4 24 | — | -37.1% | ||
| Q3 24 | — | -29.2% | ||
| Q2 24 | — | -55.6% | ||
| Q1 24 | — | -103.6% |
| Q4 25 | — | -54.4% | ||
| Q3 25 | 1328.1% | -66.5% | ||
| Q2 25 | 140.0% | -60.0% | ||
| Q1 25 | -1022.5% | -68.7% | ||
| Q4 24 | — | -61.2% | ||
| Q3 24 | -1223.0% | -23.6% | ||
| Q2 24 | -1198.9% | -70.1% | ||
| Q1 24 | 2715.3% | -115.9% |
| Q4 25 | $-1.58 | $-0.08 | ||
| Q3 25 | $1.30 | $-0.14 | ||
| Q2 25 | $0.14 | $-0.13 | ||
| Q1 25 | $-0.86 | $-0.14 | ||
| Q4 24 | $0.28 | $-0.14 | ||
| Q3 24 | $-0.56 | $-0.05 | ||
| Q2 24 | $-0.43 | $-0.15 | ||
| Q1 24 | $0.63 | $-0.20 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.5M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $139.4M | $26.2M |
| Total Assets | $214.6M | $70.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | — | ||
| Q3 25 | $4.5M | — | ||
| Q2 25 | $639.2K | — | ||
| Q1 25 | $269.9K | — | ||
| Q4 24 | $2.0M | $100.0K | ||
| Q3 24 | $254.5K | — | ||
| Q2 24 | $536.7K | — | ||
| Q1 24 | $670.6K | — |
| Q4 25 | $139.4M | $26.2M | ||
| Q3 25 | $225.4M | $22.6M | ||
| Q2 25 | $31.1M | $28.4M | ||
| Q1 25 | $20.6M | $28.6M | ||
| Q4 24 | $34.0M | $35.0M | ||
| Q3 24 | $25.2M | $41.2M | ||
| Q2 24 | $33.1M | $42.7M | ||
| Q1 24 | $39.3M | $44.8M |
| Q4 25 | $214.6M | $70.9M | ||
| Q3 25 | $298.9M | $66.7M | ||
| Q2 25 | $40.8M | $70.0M | ||
| Q1 25 | $21.0M | $71.7M | ||
| Q4 24 | $38.2M | $85.5M | ||
| Q3 24 | $26.5M | $87.3M | ||
| Q2 24 | $33.8M | $89.0M | ||
| Q1 24 | $39.5M | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-9.8M | $381.0K |
| Free Cash FlowOCF − Capex | $-9.8M | $346.0K |
| FCF MarginFCF / Revenue | -138.1% | 3.6% |
| Capex IntensityCapex / Revenue | 0.2% | 0.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-15.8M | $-11.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-9.8M | $381.0K | ||
| Q3 25 | $-2.8M | $-5.5M | ||
| Q2 25 | $-1.3M | $-4.5M | ||
| Q1 25 | $-1.9M | $-1.8M | ||
| Q4 24 | $-3.5M | $-2.4M | ||
| Q3 24 | $-695.2K | $1.5M | ||
| Q2 24 | $-924.1K | $-6.5M | ||
| Q1 24 | $-769.0K | $3.8M |
| Q4 25 | $-9.8M | $346.0K | ||
| Q3 25 | $-2.8M | $-5.5M | ||
| Q2 25 | $-1.3M | $-4.5M | ||
| Q1 25 | $-1.9M | $-1.8M | ||
| Q4 24 | $-3.5M | $-2.4M | ||
| Q3 24 | — | $1.5M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $3.8M |
| Q4 25 | -138.1% | 3.6% | ||
| Q3 25 | -56.7% | -56.0% | ||
| Q2 25 | -48.2% | -44.1% | ||
| Q1 25 | -112.7% | -19.4% | ||
| Q4 24 | -152.2% | -25.6% | ||
| Q3 24 | — | 17.1% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 62.7% |
| Q4 25 | 0.2% | 0.4% | ||
| Q3 25 | 0.1% | 0.4% | ||
| Q2 25 | 0.1% | 0.6% | ||
| Q1 25 | 0.1% | 0.2% | ||
| Q4 24 | 0.1% | 0.5% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.6% |
| Q4 25 | — | — | ||
| Q3 25 | -0.04× | — | ||
| Q2 25 | -0.34× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.06× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BTCS
| Builder Plus | $5.9M | 83% |
| Other | $1.2M | 17% |
TOON
| Other | $4.6M | 48% |
| CA | $2.8M | 29% |
| Content Distribution | $2.2M | 23% |
