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Side-by-side financial comparison of Identiv, Inc. (INVE) 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 $6.2M, roughly 1.6× Identiv, Inc.). Kartoon Studios, Inc. runs the higher net margin — -54.4% vs -60.3%, a 5.9% gap on every dollar of revenue. On growth, Kartoon Studios, Inc. posted the faster year-over-year revenue change (2.9% vs -7.9%). Identiv, Inc. produced more free cash flow last quarter ($2.8M vs $346.0K). Over the past eight quarters, Kartoon Studios, Inc.'s revenue compounded faster (26.3% CAGR vs -3.8%).

Identiv is a publicly traded Internet of Things technology company listed on the Nasdaq stock market.

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.

INVE vs TOON — Head-to-Head

Bigger by revenue
TOON
TOON
1.6× larger
TOON
$9.7M
$6.2M
INVE
Growing faster (revenue YoY)
TOON
TOON
+10.8% gap
TOON
2.9%
-7.9%
INVE
Higher net margin
TOON
TOON
5.9% more per $
TOON
-54.4%
-60.3%
INVE
More free cash flow
INVE
INVE
$2.5M more FCF
INVE
$2.8M
$346.0K
TOON
Faster 2-yr revenue CAGR
TOON
TOON
Annualised
TOON
26.3%
-3.8%
INVE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
INVE
INVE
TOON
TOON
Revenue
$6.2M
$9.7M
Net Profit
$-3.7M
$-5.3M
Gross Margin
18.1%
Operating Margin
-76.4%
-38.4%
Net Margin
-60.3%
-54.4%
Revenue YoY
-7.9%
2.9%
Net Profit YoY
-948.2%
8.5%
EPS (diluted)
$-0.17
$-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
INVE
INVE
TOON
TOON
Q4 25
$6.2M
$9.7M
Q3 25
$5.0M
$9.9M
Q2 25
$5.0M
$10.3M
Q1 25
$5.3M
$9.5M
Q4 24
$6.7M
$9.4M
Q3 24
$6.5M
$8.7M
Q2 24
$6.7M
$8.4M
Q1 24
$6.7M
$6.1M
Net Profit
INVE
INVE
TOON
TOON
Q4 25
$-3.7M
$-5.3M
Q3 25
$-3.5M
$-6.6M
Q2 25
$-6.0M
$-6.2M
Q1 25
$-4.8M
$-6.5M
Q4 24
$-355.0K
$-5.8M
Q3 24
$85.9M
$-2.1M
Q2 24
$-6.2M
$-5.9M
Q1 24
$-4.6M
$-7.0M
Gross Margin
INVE
INVE
TOON
TOON
Q4 25
18.1%
Q3 25
10.7%
Q2 25
-9.4%
Q1 25
2.5%
Q4 24
-14.9%
Q3 24
3.6%
Q2 24
9.1%
Q1 24
7.3%
Operating Margin
INVE
INVE
TOON
TOON
Q4 25
-76.4%
-38.4%
Q3 25
-111.4%
-29.3%
Q2 25
-126.7%
-31.3%
Q1 25
-103.8%
-32.4%
Q4 24
-98.9%
-37.1%
Q3 24
-146.2%
-29.2%
Q2 24
-99.7%
-55.6%
Q1 24
-76.0%
-103.6%
Net Margin
INVE
INVE
TOON
TOON
Q4 25
-60.3%
-54.4%
Q3 25
-68.9%
-66.5%
Q2 25
-119.9%
-60.0%
Q1 25
-90.9%
-68.7%
Q4 24
-5.3%
-61.2%
Q3 24
1315.8%
-23.6%
Q2 24
-92.2%
-70.1%
Q1 24
-68.5%
-115.9%
EPS (diluted)
INVE
INVE
TOON
TOON
Q4 25
$-0.17
$-0.08
Q3 25
$-0.15
$-0.14
Q2 25
$-0.26
$-0.13
Q1 25
$-0.21
$-0.14
Q4 24
$0.00
$-0.14
Q3 24
$3.62
$-0.05
Q2 24
$-0.27
$-0.15
Q1 24
$-0.21
$-0.20

Balance Sheet & Financial Strength

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

Metric
INVE
INVE
TOON
TOON
Cash + ST InvestmentsLiquidity on hand
$128.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$140.7M
$26.2M
Total Assets
$151.3M
$70.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INVE
INVE
TOON
TOON
Q4 25
$128.6M
Q3 25
$126.3M
Q2 25
$129.3M
Q1 25
$132.4M
Q4 24
$135.6M
$100.0K
Q3 24
$145.4M
Q2 24
$18.4M
Q1 24
$21.6M
Stockholders' Equity
INVE
INVE
TOON
TOON
Q4 25
$140.7M
$26.2M
Q3 25
$143.7M
$22.6M
Q2 25
$146.4M
$28.4M
Q1 25
$150.5M
$28.6M
Q4 24
$154.1M
$35.0M
Q3 24
$156.7M
$41.2M
Q2 24
$65.1M
$42.7M
Q1 24
$70.2M
$44.8M
Total Assets
INVE
INVE
TOON
TOON
Q4 25
$151.3M
$70.9M
Q3 25
$151.0M
$66.7M
Q2 25
$153.9M
$70.0M
Q1 25
$158.7M
$71.7M
Q4 24
$163.2M
$85.5M
Q3 24
$177.0M
$87.3M
Q2 24
$97.8M
$89.0M
Q1 24
$101.8M
$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
INVE
INVE
TOON
TOON
Operating Cash FlowLast quarter
$3.0M
$381.0K
Free Cash FlowOCF − Capex
$2.8M
$346.0K
FCF MarginFCF / Revenue
45.8%
3.6%
Capex IntensityCapex / Revenue
3.3%
0.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-7.8M
$-11.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INVE
INVE
TOON
TOON
Q4 25
$3.0M
$381.0K
Q3 25
$-2.9M
$-5.5M
Q2 25
$-3.6M
$-4.5M
Q1 25
$-3.3M
$-1.8M
Q4 24
$-5.9M
$-2.4M
Q3 24
$-7.2M
$1.5M
Q2 24
$-993.0K
$-6.5M
Q1 24
$-1.3M
$3.8M
Free Cash Flow
INVE
INVE
TOON
TOON
Q4 25
$2.8M
$346.0K
Q3 25
$-3.2M
$-5.5M
Q2 25
$-3.8M
$-4.5M
Q1 25
$-3.6M
$-1.8M
Q4 24
$-6.5M
$-2.4M
Q3 24
$-7.7M
$1.5M
Q2 24
$-1.1M
Q1 24
$-1.5M
$3.8M
FCF Margin
INVE
INVE
TOON
TOON
Q4 25
45.8%
3.6%
Q3 25
-64.5%
-56.0%
Q2 25
-75.8%
-44.1%
Q1 25
-68.0%
-19.4%
Q4 24
-97.7%
-25.6%
Q3 24
-118.2%
17.1%
Q2 24
-16.7%
Q1 24
-23.0%
62.7%
Capex Intensity
INVE
INVE
TOON
TOON
Q4 25
3.3%
0.4%
Q3 25
7.0%
0.4%
Q2 25
5.0%
0.6%
Q1 25
5.7%
0.2%
Q4 24
9.3%
0.5%
Q3 24
7.7%
0.4%
Q2 24
2.0%
0.0%
Q1 24
3.5%
0.6%
Cash Conversion
INVE
INVE
TOON
TOON
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-0.08×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

INVE
INVE

Other$3.4M55%
Europe And Middle East$2.2M36%
Asia Pacific$575.0K9%

TOON
TOON

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

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