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Side-by-side financial comparison of Kartoon Studios, Inc. (TOON) and Velo3D, Inc. (VELO). Click either name above to swap in a different company.

Kartoon Studios, Inc. is the larger business by last-quarter revenue ($9.7M vs $9.4M, roughly 1.0× Velo3D, Inc.). Kartoon Studios, Inc. runs the higher net margin — -54.4% vs -231.9%, a 177.5% gap on every dollar of revenue. On growth, Kartoon Studios, Inc. posted the faster year-over-year revenue change (2.9% vs -25.2%). Kartoon Studios, Inc. produced more free cash flow last quarter ($346.0K vs $-8.3M). Over the past eight quarters, Kartoon Studios, Inc.'s revenue compounded faster (26.3% CAGR vs -1.8%).

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.

Velo3D, Inc. develops and sells advanced end-to-end metal additive manufacturing (3D printing) solutions, comprising industrial-grade printers, specialized processing software, and high-performance metal materials. It primarily serves global aerospace, defense, energy, semiconductor and industrial manufacturing markets, enabling customers to produce complex, high-precision metal parts that are difficult to manufacture with traditional methods.

TOON vs VELO — Head-to-Head

Bigger by revenue
TOON
TOON
1.0× larger
TOON
$9.7M
$9.4M
VELO
Growing faster (revenue YoY)
TOON
TOON
+28.1% gap
TOON
2.9%
-25.2%
VELO
Higher net margin
TOON
TOON
177.5% more per $
TOON
-54.4%
-231.9%
VELO
More free cash flow
TOON
TOON
$8.7M more FCF
TOON
$346.0K
$-8.3M
VELO
Faster 2-yr revenue CAGR
TOON
TOON
Annualised
TOON
26.3%
-1.8%
VELO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
TOON
TOON
VELO
VELO
Revenue
$9.7M
$9.4M
Net Profit
$-5.3M
$-21.9M
Gross Margin
-73.6%
Operating Margin
-38.4%
-231.0%
Net Margin
-54.4%
-231.9%
Revenue YoY
2.9%
-25.2%
Net Profit YoY
8.5%
-2.9%
EPS (diluted)
$-0.08
$-0.87

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
TOON
TOON
VELO
VELO
Q4 25
$9.7M
$9.4M
Q3 25
$9.9M
$13.6M
Q2 25
$10.3M
$13.6M
Q1 25
$9.5M
$9.3M
Q4 24
$9.4M
$12.6M
Q3 24
$8.7M
$8.2M
Q2 24
$8.4M
$10.3M
Q1 24
$6.1M
$9.8M
Net Profit
TOON
TOON
VELO
VELO
Q4 25
$-5.3M
$-21.9M
Q3 25
$-6.6M
$-11.2M
Q2 25
$-6.2M
$-13.3M
Q1 25
$-6.5M
$-25.0M
Q4 24
$-5.8M
$-21.3M
Q3 24
$-2.1M
$-21.9M
Q2 24
$-5.9M
$935.0K
Q1 24
$-7.0M
$-27.5M
Gross Margin
TOON
TOON
VELO
VELO
Q4 25
-73.6%
Q3 25
3.2%
Q2 25
-11.7%
Q1 25
7.5%
Q4 24
-3.5%
Q3 24
49.4%
Q2 24
-28.0%
Q1 24
-28.8%
Operating Margin
TOON
TOON
VELO
VELO
Q4 25
-38.4%
-231.0%
Q3 25
-29.3%
-73.3%
Q2 25
-31.3%
-85.4%
Q1 25
-32.4%
-123.6%
Q4 24
-37.1%
-167.0%
Q3 24
-29.2%
-213.8%
Q2 24
-55.6%
-187.7%
Q1 24
-103.6%
-211.1%
Net Margin
TOON
TOON
VELO
VELO
Q4 25
-54.4%
-231.9%
Q3 25
-66.5%
-82.0%
Q2 25
-60.0%
-97.7%
Q1 25
-68.7%
-268.4%
Q4 24
-61.2%
-168.5%
Q3 24
-23.6%
-265.3%
Q2 24
-70.1%
9.0%
Q1 24
-115.9%
-281.2%
EPS (diluted)
TOON
TOON
VELO
VELO
Q4 25
$-0.08
$-0.87
Q3 25
$-0.14
$-0.65
Q2 25
$-0.13
$-0.94
Q1 25
$-0.14
$-1.87
Q4 24
$-0.14
$7.06
Q3 24
$-0.05
$-35.52
Q2 24
$-0.15
$1.65
Q1 24
$-0.20
$-55.51

Balance Sheet & Financial Strength

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

Metric
TOON
TOON
VELO
VELO
Cash + ST InvestmentsLiquidity on hand
$39.0M
Total DebtLower is stronger
$31.0M
Stockholders' EquityBook value
$26.2M
$38.2M
Total Assets
$70.9M
$105.3M
Debt / EquityLower = less leverage
0.81×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TOON
TOON
VELO
VELO
Q4 25
$39.0M
Q3 25
$11.8M
Q2 25
$854.0K
Q1 25
$3.9M
Q4 24
$100.0K
$1.2M
Q3 24
$1.6M
Q2 24
$3.2M
Q1 24
$10.9M
Total Debt
TOON
TOON
VELO
VELO
Q4 25
$31.0M
Q3 25
$23.0M
Q2 25
$22.5M
Q1 25
$21.7M
Q4 24
$5.7M
Q3 24
$32.3M
Q2 24
$33.5M
Q1 24
$44.0M
Stockholders' Equity
TOON
TOON
VELO
VELO
Q4 25
$26.2M
$38.2M
Q3 25
$22.6M
$29.9M
Q2 25
$28.4M
$21.4M
Q1 25
$28.6M
$32.8M
Q4 24
$35.0M
$39.7M
Q3 24
$41.2M
$34.4M
Q2 24
$42.7M
$52.1M
Q1 24
$44.8M
$45.5M
Total Assets
TOON
TOON
VELO
VELO
Q4 25
$70.9M
$105.3M
Q3 25
$66.7M
$93.7M
Q2 25
$70.0M
$78.4M
Q1 25
$71.7M
$91.3M
Q4 24
$85.5M
$89.2M
Q3 24
$87.3M
$110.8M
Q2 24
$89.0M
$116.7M
Q1 24
$93.3M
$136.1M
Debt / Equity
TOON
TOON
VELO
VELO
Q4 25
0.81×
Q3 25
0.77×
Q2 25
1.05×
Q1 25
0.66×
Q4 24
0.14×
Q3 24
0.94×
Q2 24
0.64×
Q1 24
0.97×

Cash Flow & Capital Efficiency

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

Metric
TOON
TOON
VELO
VELO
Operating Cash FlowLast quarter
$381.0K
$-7.7M
Free Cash FlowOCF − Capex
$346.0K
$-8.3M
FCF MarginFCF / Revenue
3.6%
-88.3%
Capex IntensityCapex / Revenue
0.4%
6.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-11.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TOON
TOON
VELO
VELO
Q4 25
$381.0K
$-7.7M
Q3 25
$-5.5M
$-6.0M
Q2 25
$-4.5M
$-1.2M
Q1 25
$-1.8M
$-12.3M
Q4 24
$-2.4M
$-2.2M
Q3 24
$1.5M
$-2.0M
Q2 24
$-6.5M
$-8.0M
Q1 24
$3.8M
$-20.5M
Free Cash Flow
TOON
TOON
VELO
VELO
Q4 25
$346.0K
$-8.3M
Q3 25
$-5.5M
$-6.3M
Q2 25
$-4.5M
$-3.0M
Q1 25
$-1.8M
Q4 24
$-2.4M
$-2.2M
Q3 24
$1.5M
$-2.0M
Q2 24
$-8.0M
Q1 24
$3.8M
$-20.5M
FCF Margin
TOON
TOON
VELO
VELO
Q4 25
3.6%
-88.3%
Q3 25
-56.0%
-46.5%
Q2 25
-44.1%
-22.2%
Q1 25
-19.4%
Q4 24
-25.6%
-17.7%
Q3 24
17.1%
-24.2%
Q2 24
-77.1%
Q1 24
62.7%
-209.8%
Capex Intensity
TOON
TOON
VELO
VELO
Q4 25
0.4%
6.4%
Q3 25
0.4%
2.3%
Q2 25
0.6%
13.3%
Q1 25
0.2%
0.0%
Q4 24
0.5%
0.2%
Q3 24
0.4%
0.2%
Q2 24
0.0%
0.0%
Q1 24
0.6%
0.1%
Cash Conversion
TOON
TOON
VELO
VELO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-8.52×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

TOON
TOON

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

VELO
VELO

Segment breakdown not available.

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