Kartoon Studios Inc. (TOON) Insider, 13F Hedge Fund & Politician Buy/Sell Thermometer

Per the Roarable RQD rating, TOON carries an RQD Score of 31 and a letter grade of E, labeled "Roarable Strong Sell — Forensic Risk / Avoid." Across the five pillars, the fundamental cash engine scores 4 / 20 (ROIC -35%; FCF yield 0%), indicating the weakest element of the profile: the business is not currently generating a return on capital or free cash flow relative to its market value. Whale 13F flow scores 10 / 20 (institutional accumulation and options positioning), a middling reading that does not offset the fundamental weakness. Insider conviction scores 3 / 20 (SEC Form 4 and Congressional PTR cluster flow), signaling limited insider endorsement in the source data. Macro regime fit scores 6 / 20 (Beta 1.0; sector sensitivity), meaning the stock's market sensitivity is neutral and the score reflects limited regime tailwind. The forensic balance sheet scores 8 / 20 (Altman Z 2.5; Piotroski F 2/9; Debt/Equity 0.5), a reading that points to balance-sheet caution rather than acute distress.

For a prospective investor evaluating the stock today, the upside drivers are narrow: a reversal in operating losses, improvement in ROIC from -35%, or a shift toward positive free cash flow would be required to change the fundamental picture, and none of these is evidenced in the source data. The valuation tradeoff is that a $0.52 share price and $32.5M market capitalization are low in absolute terms, but earnings-based multiples are Not available in source data, so the valuation cannot be assessed on standard earnings measures. Investors weighing this name should recognize that the RQD framework classifies the combined evidence as a forensic-risk profile.

Kartoon Studios Inc. (TOON) is a NYSE-listed issuer in the Communication Services sector, operating in the Movies/Entertainment industry. Per the profile, the company is a publicly traded US entertainment business. Per the market data, its gross margin is 0%, which indicates the source data does not report a gross profit figure. Not available in source data for product lines, customer segments, or revenue-model detail.

Per the SEC financials, revenue moved from $44.1M (FY 2023) to $32.6M (FY 2024) before rising to $39.4M (FY 2025), while operating losses narrowed from $-72.4M to $-17.0M and then widened to $-12.9M in FY 2025, which is a smaller loss than FY 2024's $-17.0M. The reported operating margin is -32.8%, and net margin is -0.1%. ROIC is -35%, per the market data. Per the Roarable RQD rating, the Altman Z-Score is 2.5, the Piotroski F-Score is 2/9, and Debt/Equity is 0.5, a balance-sheet posture the RQD assigns 8 / 20 in the forensic pillar.

Per the recent news and catalysts feed, the headlines reference streaming engagement growth ("Kartoon Studios Streaming Engagement More Than Doubles Year-Over-Year," Yahoo Finance), shareholder approval of all six directors and a 2020 plan share increase (TradingView), an owned-IP strategic pivot (ad-hoc-news.de), and a 4 million share increase to the 2020 Incentive Plan following the 2026 Annual Meeting (Kalkine Media). Price-action reporting notes shares slipping to $0.51 near the lower end of the trading range (a Donchian Channel reference). All items are tagged YELLOW in the feed. Risk watch items include the share-count expansion via the incentive plan and the price proximity to the 52-week low of $0.5. Proprietary signals: Not available in source data beyond the empty butterfly signal set.

Per the Butterfly Supply-Chain Graph, the supply chain is recorded as NONE, with no butterfly links and no proprietary signals. Not available in source data for upstream suppliers, downstream customers, or sector-correlation links. A prospective investor should note that the absence of mapped dependencies means second-order ripple analysis cannot be performed from this dataset; the sector classification (Communication Services / Movies/Entertainment) is the only structural context provided.

• What are the cash and debt balances, since these are recorded as N/A in every reported period?
• What is the reported EPS and net income trajectory beyond the rounded $-0.0M and $-0.1M figures?
• What drove the swing in FY 2023 operating loss to $-72.4M, and is that concentrated in identifiable items?
• What is the status of the owned-IP pivot, and how is it reflected in revenue composition?
• How will the expanded incentive-plan share count affect per-share economics at a $0.52 share price?