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

Foxx Development Holdings Inc. is the larger business by last-quarter revenue ($16.7M vs $9.7M, roughly 1.7× Kartoon Studios, Inc.). Foxx Development Holdings Inc. runs the higher net margin — -25.6% vs -54.4%, a 28.8% gap on every dollar of revenue. On growth, Kartoon Studios, Inc. posted the faster year-over-year revenue change (2.9% vs -4.4%).

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.

FOXX vs TOON — Head-to-Head

Bigger by revenue
FOXX
FOXX
1.7× larger
FOXX
$16.7M
$9.7M
TOON
Growing faster (revenue YoY)
TOON
TOON
+7.3% gap
TOON
2.9%
-4.4%
FOXX
Higher net margin
FOXX
FOXX
28.8% more per $
FOXX
-25.6%
-54.4%
TOON

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
FOXX
FOXX
TOON
TOON
Revenue
$16.7M
$9.7M
Net Profit
$-4.3M
$-5.3M
Gross Margin
13.3%
Operating Margin
-13.3%
-38.4%
Net Margin
-25.6%
-54.4%
Revenue YoY
-4.4%
2.9%
Net Profit YoY
-400.9%
8.5%
EPS (diluted)
$-0.62
$-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
FOXX
FOXX
TOON
TOON
Q4 25
$16.7M
$9.7M
Q3 25
$20.2M
$9.9M
Q2 25
$13.9M
$10.3M
Q1 25
$11.4M
$9.5M
Q4 24
$17.5M
$9.4M
Q3 24
$23.1M
$8.7M
Q2 24
$8.4M
Q1 24
$6.1M
Net Profit
FOXX
FOXX
TOON
TOON
Q4 25
$-4.3M
$-5.3M
Q3 25
$-2.9M
$-6.6M
Q2 25
$-4.1M
$-6.2M
Q1 25
$-4.1M
$-6.5M
Q4 24
$1.4M
$-5.8M
Q3 24
$-2.3M
$-2.1M
Q2 24
$-5.9M
Q1 24
$-7.0M
Gross Margin
FOXX
FOXX
TOON
TOON
Q4 25
13.3%
Q3 25
13.6%
Q2 25
10.9%
Q1 25
5.8%
Q4 24
12.5%
Q3 24
1.7%
Q2 24
Q1 24
Operating Margin
FOXX
FOXX
TOON
TOON
Q4 25
-13.3%
-38.4%
Q3 25
-4.4%
-29.3%
Q2 25
-15.0%
-31.3%
Q1 25
-31.3%
-32.4%
Q4 24
-12.8%
-37.1%
Q3 24
-7.8%
-29.2%
Q2 24
-55.6%
Q1 24
-103.6%
Net Margin
FOXX
FOXX
TOON
TOON
Q4 25
-25.6%
-54.4%
Q3 25
-14.2%
-66.5%
Q2 25
-29.4%
-60.0%
Q1 25
-35.9%
-68.7%
Q4 24
8.1%
-61.2%
Q3 24
-9.8%
-23.6%
Q2 24
-70.1%
Q1 24
-115.9%
EPS (diluted)
FOXX
FOXX
TOON
TOON
Q4 25
$-0.62
$-0.08
Q3 25
$-0.42
$-0.14
Q2 25
$-0.44
$-0.13
Q1 25
$-0.58
$-0.14
Q4 24
$0.20
$-0.14
Q3 24
$-0.65
$-0.05
Q2 24
$-0.15
Q1 24
$-0.20

Balance Sheet & Financial Strength

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

Metric
FOXX
FOXX
TOON
TOON
Cash + ST InvestmentsLiquidity on hand
$1.8M
Total DebtLower is stronger
$84.8K
Stockholders' EquityBook value
$-11.8M
$26.2M
Total Assets
$42.0M
$70.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FOXX
FOXX
TOON
TOON
Q4 25
$1.8M
Q3 25
$1.5M
Q2 25
$1.9M
Q1 25
$3.8M
Q4 24
$3.9M
$100.0K
Q3 24
$9.2M
Q2 24
Q1 24
Total Debt
FOXX
FOXX
TOON
TOON
Q4 25
$84.8K
Q3 25
$90.2K
Q2 25
$97.2K
Q1 25
$100.5K
Q4 24
$105.5K
Q3 24
$110.3K
Q2 24
Q1 24
Stockholders' Equity
FOXX
FOXX
TOON
TOON
Q4 25
$-11.8M
$26.2M
Q3 25
$-7.9M
$22.6M
Q2 25
$-5.4M
$28.4M
Q1 25
$-1.6M
$28.6M
Q4 24
$2.2M
$35.0M
Q3 24
$457.2K
$41.2M
Q2 24
$42.7M
Q1 24
$44.8M
Total Assets
FOXX
FOXX
TOON
TOON
Q4 25
$42.0M
$70.9M
Q3 25
$49.8M
$66.7M
Q2 25
$26.0M
$70.0M
Q1 25
$32.9M
$71.7M
Q4 24
$31.9M
$85.5M
Q3 24
$49.5M
$87.3M
Q2 24
$89.0M
Q1 24
$93.3M
Debt / Equity
FOXX
FOXX
TOON
TOON
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.05×
Q3 24
0.24×
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
FOXX
FOXX
TOON
TOON
Operating Cash FlowLast quarter
$284.2K
$381.0K
Free Cash FlowOCF − Capex
$346.0K
FCF MarginFCF / Revenue
3.6%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-11.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FOXX
FOXX
TOON
TOON
Q4 25
$284.2K
$381.0K
Q3 25
$-376.8K
$-5.5M
Q2 25
$-1.9M
$-4.5M
Q1 25
$-178.4K
$-1.8M
Q4 24
$-4.2M
$-2.4M
Q3 24
$-243.5K
$1.5M
Q2 24
$-6.5M
Q1 24
$3.8M
Free Cash Flow
FOXX
FOXX
TOON
TOON
Q4 25
$346.0K
Q3 25
$-5.5M
Q2 25
$-4.5M
Q1 25
$-1.8M
Q4 24
$-4.3M
$-2.4M
Q3 24
$-278.5K
$1.5M
Q2 24
Q1 24
$3.8M
FCF Margin
FOXX
FOXX
TOON
TOON
Q4 25
3.6%
Q3 25
-56.0%
Q2 25
-44.1%
Q1 25
-19.4%
Q4 24
-24.4%
-25.6%
Q3 24
-1.2%
17.1%
Q2 24
Q1 24
62.7%
Capex Intensity
FOXX
FOXX
TOON
TOON
Q4 25
0.4%
Q3 25
0.4%
Q2 25
0.0%
0.6%
Q1 25
0.0%
0.2%
Q4 24
0.2%
0.5%
Q3 24
0.2%
0.4%
Q2 24
0.0%
Q1 24
0.6%
Cash Conversion
FOXX
FOXX
TOON
TOON
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-2.97×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

FOXX
FOXX

Segment breakdown not available.

TOON
TOON

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

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