$JAKK

JAKKS PACIFIC INC

CIK:0001009829|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jun. 30, 2026

Jun. 30, 2025

Jun. 30, 2026

Jun. 30, 2025

Net sales

$ 139,238

$ 119,094

$ 245,914

$ 232,347

Cost of sales:

Cost of goods

94,277

^[1]

80,071

^[1]

165,347

154,311

Gross profit

44,961

39,023

80,567

78,036

Direct selling expenses

8,500

6,710

16,664

15,406

General and administrative expenses

36,442

34,974

69,306

68,935

Depreciation and amortization

161

122

313

235

Selling, general and administrative expenses

45,103

41,806

86,283

84,576

Loss from operations

(142)

(2,783)

(5,716)

(6,540)

Other income (expense), net

6,976

7,001

Loss on debt extinguishment

(417)

Interest income

788

395

1,268

757

Interest expense

(55)

(145)

(115)

(300)

Income (loss) before provision for (benefit from) income taxes

7,567

(2,925)

2,438

(6,470)

Provision for (benefit from) income taxes

1,704

(606)

855

(1,769)

Net income (loss)

$ 5,863

$ (2,319)

$ 1,583

$ (4,701)

Earnings (loss) per share - basic (in Dollars per share)

$ 0.51

$ (0.21)

$ 0.14

$ (0.42)

Shares used in earnings (loss) per share - basic (in Shares)

11,445,000

11,146,000

11,444,000

11,146,000

Earnings (loss) per share - diluted (in Dollars per share)

$ 0.49

$ (0.21)

$ 0.13

$ (0.42)

Shares used in earnings (loss) per share - diluted (in Shares)

11,872,000

11,146,000

11,803,000

11,146,000

Comprehensive income (loss)

$ 5,763

$ 1,318

$ (318)

$ (436)

Cost of goods [Member]

Cost of sales:

Cost of goods

68,773

58,784

120,960

113,410

Royalty expense [Member]

Cost of sales:

Cost of goods

23,072

19,509

39,985

37,677

Amortization of tools and molds [Member]

Cost of sales:

Cost of goods

$ 2,432

$ 1,778

$ 4,402

$ 3,224

[1]	(A) Includes depreciation and amortization $ 2,538 $ 55 $ 2,593 $ 1,858 $ 42 $ 1,900

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities
Net income (loss)	$ 1,583	$ (4,701)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Provision for credit losses	137	422
Depreciation and amortization	4,715	3,459
Write-off and amortization of debt issuance costs	40	450
Share-based compensation expense	6,079	5,740
Loss on disposal of property and equipment	0	31
Deferred income taxes	(18)	0
Changes in operating assets and liabilities:
Accounts receivable	(3,068)	6,718
Inventory	1,533	(19,031)
Prepaid expenses and other assets	406	(6,826)
Accounts payable	15,363	6,252
Accrued expenses	4,215	(2,878)
Reserve for sales returns and allowances	(2,720)	(6,701)
Income taxes payable	(2,089)	(2,610)
Other liabilities	(27)	3,744
Total adjustments	24,566	(11,230)
Net cash provided by (used in) operating activities	26,149	(15,931)
Cash flows from investing activities
Purchases of property and equipment	(10,104)	(4,470)
Investments in employee deferred compensation trusts	(428)	(1,545)
Net cash used in investing activities	(10,532)	(6,015)
Cash flows from financing activities
Repurchase of common stock for employee tax withholding	(1,269)	(3,828)
Cash dividend paid	(5,722)	(5,572)
Payments for deferred issuance costs	(146)	0
Net cash used in financing activities	(7,137)	(9,400)
Net increase (decrease) in cash, cash equivalents and restricted cash	8,480	(31,346)
Effect of foreign currency translation	(1,901)	4,265
Cash, cash equivalents and restricted cash, beginning of period	54,066	70,137
Cash, cash equivalents and restricted cash, end of period	60,645	43,056
Supplemental disclosures of cash flow information:
Cash paid for income taxes, net	(3,314)	2,199
Cash paid for interest	$ 7	$ 0

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets
Cash and cash equivalents	$ 59,513	$ 52,197
Restricted cash	1,132	1,869
Accounts receivable, net of allowance for credit losses of $5,100 and $5,103 at June 30, 2026 and December 31, 2025, respectively	141,272	138,341
Inventory, net	58,272	59,805
Prepaid expenses and other assets	17,899	16,873
Total current assets	278,088	269,085
Property and equipment
Office furniture and equipment	11,413	10,189
Molds and tooling	141,236	134,771
Leasehold improvements	7,289	7,264
Total	159,938	152,224
Less accumulated depreciation and amortization	136,725	133,216
Property and equipment, net	23,213	19,008
Operating lease right-of-use assets, net	40,890	46,776
Other long-term assets	1,751	2,682
Deferred income tax assets, net	69,587	69,569
Goodwill	34,964	35,077
Total assets	448,493	442,197
Current liabilities
Accounts payable	69,737	55,558
Accrued expenses	47,145	43,076
Reserve for sales returns and allowances	30,849	33,569
Income taxes payable	0	2,119
Short-term operating lease liabilities	14,406	13,784
Total current liabilities	162,137	148,106
Long-term operating lease liabilities	32,218	39,578
Accrued expenses – long term	5,288	4,463
Income taxes payable	975	945
Total liabilities	200,618	193,092
Stockholders’ Equity
Common stock, $0.001 par value; 100,000,000 shares authorized; 11,445,012 and 11,342,981 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively	11	11
Additional paid-in capital	307,218	302,408
Accumulated deficit	(45,160)	(41,021)
Accumulated other comprehensive loss	(14,194)	(12,293)
Total stockholders’ equity	247,875	249,105
Total liabilities and stockholders’ equity	$ 448,493	$ 442,197