Income Statement Cheer Holding, Inc.

Equities

CHR

KYG399731218

Advertising & Marketing

Market Closed - Nasdaq Other stock markets 20:00:00 13/03/2026 GMT			5-day change	1st Jan Change
0.9900 ^USD	-4.81%		-10.00%	-22.66%

01-01	12,038,907 Class A Ordinary Shares of Cheer Holding, Inc. are subject to a Lock-Up Agreement Ending on 1-JAN-2026.	CI
01-01	Certain Warrants of Cheer Holding, Inc. are subject to a Lock-Up Agreement Ending on 1-JAN-2026.	CI

9fd9dd5.xpHu9ZbQu9D7xVrVbn_pgbM7djyjZGqcFBFxizHAjVM.n96kwNeKgpKj_CmCJzW51sZ3L13lVwjuVyYm42uNxxix_7-N5ej_oLDxMQ

Published financial data: CHEER HOLDING, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	124M	153M	157M	152M	147M
Total Revenues	124M	153M	157M	152M	147M
Cost of Goods Sold, Total	38.48M	34.94M	40.58M	39.55M	39.39M
Gross Profit	85.28M	118M	116M	113M	108M
Selling General & Admin Expenses, Total	53.92M	80.86M	88.44M	81.86M	78.79M
R&D Expenses	691K	920K	1.33M	1.64M	3.43M
Other Operating Expenses, Total	54.61M	81.78M	89.77M	83.49M	82.22M
Operating Income	30.67M	36.29M	26.73M	29.28M	25.59M
Interest Expense, Total	-282K	-513K	-93K	-	-
Interest And Investment Income	-	-	-	3K	262K
Net Interest Expenses	-282K	-513K	-93K	3K	262K
Other Non Operating Income (Expenses)	531K	554K	220K	1.3M	80K
EBT, Excl. Unusual Items	30.92M	36.33M	26.85M	30.59M	25.93M
EBT, Incl. Unusual Items	30.92M	36.33M	26.85M	30.59M	25.93M
Income Tax Expense	1.67M	976K	413K	61K	-34K
Earnings From Continuing Operations	29.24M	35.35M	26.44M	30.53M	25.97M
Net Income to Company	29.24M	35.35M	26.44M	30.53M	25.97M
Minority Interest	31K	-65K	450K	-51K	-2K
Net Income - (IS)	29.28M	35.29M	26.89M	30.48M	25.97M
Net Income to Common Incl Extra Items	29.28M	35.29M	26.89M	30.48M	25.97M
Net Income to Common Excl. Extra Items	29.28M	35.29M	26.89M	30.48M	25.97M
Per Share Items
Net EPS - Basic	271.86	269.86	197.36	176.42	125.72
Basic EPS - Continuing Operations	271.86	269.86	197.36	176.42	125.72
Basic Weighted Average Shares Outstanding	108K	131K	136K	173K	207K
Net EPS - Diluted	250	269.86	195	176.42	125.72
Diluted EPS - Continuing Operations	250	269.86	195	176.42	125.72
Diluted Weighted Average Shares Outstanding	118K	131K	136K	173K	207K
Normalized Basic EPS	179.73	173.14	126.48	110.37	78.47
Normalized Diluted EPS	163.67	173.14	126.48	110.37	78.47
Supplemental Items
EBITDA	33.58M	38.38M	29.61M	32.67M	29.37M
EBITA	33.42M	38.3M	29.52M	32.6M	29.32M
EBIT	30.67M	36.29M	26.73M	29.28M	25.59M
EBITDAR	34.11M	38.91M	30.06M	33.03M	29.56M
Effective Tax Rate - (Ratio)	5.41	2.69	1.54	0.2	-0.13
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-	-	-	-	-
Normalized Net Income	19.35M	22.64M	17.23M	19.07M	16.21M
Supplemental Operating Expense Items
Selling and Marketing Expenses	43.83M	77.52M	82.53M	76.2M	75.29M
General and Administrative Expenses	10.1M	3.34M	5.91M	5.66M	3.5M
Research And Development Expense From Footnotes	691K	920K	1.33M	1.64M	3.43M
Net Rental Expense, Total	533K	535K	454K	363K	184K
Imputed Operating Lease Interest Expense	133K	236K	56.22K	-	-
Imputed Operating Lease Depreciation	400K	299K	398K	-	-
Stock-Based Comp., COGS (Total)	448K	-	-	-	-
Stock-Based Comp., S&M Exp. (Total)	355K	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	6.36M	185K	393K	-	1.74M
Total Stock-Based Compensation	7.16M	185K	393K	-	1.74M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	17.73M	77.3M	70.48M	194M	198M
Short Term Investments	1.73M	-	-	-	-
Total Cash And Short Term Investments	19.46M	77.3M	70.48M	194M	198M
Accounts Receivable, Total	81.11M	63.14M	98.03M	81.17M	77.07M
Total Receivables	81.11M	63.14M	98.03M	81.17M	77.07M
Prepaid Expenses	-	-	-	-	-
Restricted Cash	-	-	-	298K	-
Other Current Assets, Total	2.54M	13.1M	15.33M	31.18M	30.83M
Total Current Assets	103M	154M	184M	307M	306M
Gross Property Plant And Equipment	2.7M	2.37M	1.87M	1.45M	1.38M
Accumulated Depreciation	-757K	-831K	-956K	-987K	-979K
Net Property Plant And Equipment	1.94M	1.54M	910K	462K	404K
Other Intangibles, Total	15.63M	16.72M	20.3M	20.26M	40.53M
Accounts Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	760K	56K	103K	41K	72K
Other Long-Term Assets, Total	21.95M	23.32M	808K	-	16K
Total Assets	143M	195M	206M	328M	347M
Liabilities
Accounts Payable, Total	7.89M	12.88M	6.4M	9.6M	2.04M
Accrued Expenses, Total	7.49M	12.32M	18.03M	26.96M	23.87M
Short-term Borrowings	8.52M	5.5M	4.42M	4.22M	10.69M
Current Portion of Leases	385K	291K	208K	330K	109K
Current Income Taxes Payable	1.93M	2.24M	2.5M	2.46M	2.39M
Unearned Revenue Current, Total	609K	536K	147K	130K	27K
Other Current Liabilities	8.54M	789K	1.19M	2.53M	776K
Total Current Liabilities	35.36M	34.56M	32.9M	46.22M	39.9M
Long-Term Debt	1.37M	-	-	1.41M	1.37M
Long-Term Leases	1.39M	1.13M	471K	-	250K
Other Non Current Liabilities	-	24K	86K	-	-
Total Liabilities	38.12M	35.71M	33.46M	47.62M	41.52M
Common Stock, Total	6K	7K	7K	10K	10K
Additional Paid In Capital	20.66M	25.63M	27.01M	106M	113M
Retained Earnings	79.25M	125M	152M	183M	209M
Comprehensive Income and Other	4.89M	8.07M	-6.68M	-8.87M	-17.04M
Total Common Equity	105M	159M	172M	280M	305M
Minority Interest	471K	553K	75K	78K	77K
Total Equity	105M	159M	173M	280M	305M
Total Liabilities And Equity	143M	195M	206M	328M	347M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	124K	136K	136K	201K	733K
ECS Total Common Shares Outstanding	116K	136K	136K	201K	706K
Book Value / Share	905.3	1.17K	1.27K	1.39K	432.18
Tangible Book Value	89.18M	142M	152M	260M	264M
Tangible Book Value Per Share	770.27	1.04K	1.12K	1.29K	374.75
Total Debt	11.66M	6.92M	5.1M	5.95M	12.42M
Net Debt	-7.8M	-70.39M	-65.38M	-188M	-185M
Debt Equivalent Oper. Leases	4.26M	4.28M	3.63M	2.9M	1.47M
Minority Interest, Total (Incl. Fin. Div)	471K	553K	75K	78K	77K
Account Code - Inventory Valuation	3	3	6	3	3
Machinery, Total	898K	988K	930K	890K	835K
Full Time Employees	159	162	138	127	122
Accumulated Allowance for Doubtful Accounts (Supple)	886K	635K	1.01M	820K	779K

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	29.28M	35.29M	26.89M	30.48M	25.97M
Depreciation & Amortization - CF	603K	508K	544K	468K	91K
Amortization of Goodwill and Intangible Assets - (CF)	2.75M	2.01M	2.79M	3.31M	3.73M
Depreciation & Amortization, Total	3.36M	2.52M	3.34M	3.78M	3.82M
Amortization of Deferred Charges, Total - (CF)	93K	104K	76K	16K	10K
(Gain) Loss From Sale Of Asset	-	-26K	-	2K	2K
Stock-Based Compensation (CF)	7.16M	185K	391K	-	1.74M
Provision and Write-off of Bad Debts	-1.14M	-268K	440K	2.1M	-20K
Other Operating Activities, Total	-212K	-31K	-440K	140K	-172K
Change In Accounts Receivable	-24.04M	19.9M	-42.1M	15.2M	1.92M
Change In Accounts Payable	2.83M	4.75M	-5.58M	3.32M	-7.4M
Change in Unearned Revenues	-39K	-87K	-356K	-14K	-101K
Change in Other Net Operating Assets	-8.54M	-15.88M	25.08M	-12.85M	-2.9M
Cash from Operations	8.74M	46.46M	7.74M	42.17M	22.88M
Capital Expenditure	-59K	-72K	-25K	-3K	-1K
Divestitures	-	-12K	-	-	-
Sale (Purchase) of Intangible assets	-2.72M	-2.72M	-7.96M	-	-24.86M
Investment in Marketable and Equity Securities, Total	-1.64M	1.75M	-	-	-
Cash from Investing	-4.42M	-1.05M	-7.99M	-3K	-24.86M
Short Term Debt Issued, Total	-	-	6.1M	6.26M	12.51M
Long-Term Debt Issued, Total	6.23M	5.11M	-	1.41M	-
Total Debt Issued	6.23M	5.11M	6.1M	7.67M	12.51M
Short Term Debt Repaid, Total	-	-232K	-6.24M	-4.8M	-7.45M
Long-Term Debt Repaid, Total	-724K	-6.82M	-	-	-
Total Debt Repaid	-724K	-7.05M	-6.24M	-4.8M	-7.45M
Issuance of Common Stock	-	15.29M	743K	80M	5.52M
Repurchase of Common Stock	-	-	-	-791K	-
Issuance of Preferred Stock	-	-	-	-	-
Other Financing Activities, Total	-123K	-68K	-87K	-58K	-32K
Cash from Financing	5.38M	13.29M	508K	82.02M	10.55M
Foreign Exchange Rate Adjustments	1.11M	881K	-7.08M	-149K	-5.43M
Net Change in Cash	10.81M	59.57M	-6.82M	124M	3.14M
Supplemental Items
Cash Interest Paid	239K	336K	247K	271K	325K
Levered Free Cash Flow	12.16M	32.1M	-25.16M	36.21M	-11.12M
Unlevered Free Cash Flow	12.24M	32.32M	-25.17M	36.19M	-11.13M
Change In Net Working Capital	14.66M	-9.73M	37.62M	-14.11M	7.83M
Net Debt Issued / Repaid	5.5M	-1.94M	-148K	2.87M	5.06M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	17.18	13.4	8.33	6.86	4.74
Return on Total Capital	20.65	16.06	9.71	7.9	5.3
Return On Equity %	34.91	26.79	15.93	13.49	8.88
Return on Common Equity	35.15	26.85	16.23	13.47	8.88
Margin Analysis
Gross Profit Margin %	68.91	77.16	74.17	74.04	73.24
SG&A Margin	43.57	52.85	56.3	53.74	53.53
EBITDA Margin %	27.13	25.08	18.85	21.45	19.96
EBITA Margin %	27.01	25.03	18.79	21.4	19.92
EBIT Margin %	24.78	23.72	17.01	19.22	17.39
Income From Continuing Operations Margin %	23.63	23.1	16.83	20.04	17.64
Net Income Margin %	23.65	23.06	17.12	20.01	17.64
Net Avail. For Common Margin %	23.65	23.06	17.12	20.01	17.64
Normalized Net Income Margin	15.64	14.8	10.97	12.52	11.01
Levered Free Cash Flow Margin	9.82	20.98	-16.02	23.77	-7.55
Unlevered Free Cash Flow Margin	9.89	21.12	-16.03	23.76	-7.56
Asset Turnover
Asset Turnover	1.11	0.9	0.78	0.57	0.44
Fixed Assets Turnover	57.59	87.94	128.23	222.05	339.94
Receivables Turnover (Average Receivables)	1.87	2.12	1.95	1.7	1.86
Short Term Liquidity
Current Ratio	2.92	4.44	5.59	6.64	7.66
Quick Ratio	2.84	4.06	5.12	5.96	6.89
Operating Cash Flow to Current Liabilities	0.25	1.34	0.24	0.91	0.57
Days Sales Outstanding (Average Receivables)	195.43	172.04	187.25	214.7	196.74
Average Days Payable Outstanding	59.13	108.45	86.72	73.85	54.07
Long Term Solvency
Total Debt/Equity	11.08	4.34	2.96	2.13	4.07
Total Debt / Total Capital	9.97	4.16	2.87	2.08	3.91
LT Debt/Equity	2.62	0.71	0.27	0.5	0.53
Long-Term Debt / Total Capital	2.36	0.68	0.27	0.49	0.51
Total Liabilities / Total Assets	26.58	18.3	16.25	14.54	11.98
EBIT / Interest Expense	108.76	70.73	287.38	-	-
EBITDA / Interest Expense	120.96	75.85	323.27	-	-
(EBITDA - Capex) / Interest Expense	120.76	75.71	323	-	-
Total Debt / EBITDA	0.34	0.18	0.17	0.18	0.42
Net Debt / EBITDA	-0.23	-1.81	-2.17	-5.7	-6.27
Total Debt / (EBITDA - Capex)	0.34	0.18	0.17	0.18	0.42
Net Debt / (EBITDA - Capex)	-0.23	-1.81	-2.18	-5.7	-6.27
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	88.16	23.63	2.66	-3.03	-3.37
Gross Profit, 1 Yr. Growth %	151.75	38.44	-1.33	-3.19	-4.41
EBITDA, 1 Yr. Growth %	21.76	14.29	-22.84	10.33	-10.09
EBITA, 1 Yr. Growth %	22.11	14.58	-22.91	10.42	-10.04
EBIT, 1 Yr. Growth %	14.27	18.32	-26.35	9.57	-12.61
Earnings From Cont. Operations, 1 Yr. Growth %	10.76	-27.79	-25.21	15.46	-14.94
Net Income, 1 Yr. Growth %	11.22	-27.97	-23.8	13.34	-14.8
Normalized Net Income, 1 Yr. Growth %	17.01	-28.53	-23.88	10.64	-15
Diluted EPS Before Extra, 1 Yr. Growth %	-12.28	-34.97	-27.74	-10.61	-28.74
Accounts Receivable, 1 Yr. Growth %	58.85	-22.16	55.28	-17.2	-5.05
Net Property, Plant and Equip., 1 Yr. Growth %	-17.73	-20.62	-40.91	-49.23	-12.55
Total Assets, 1 Yr. Growth %	79.9	36.11	5.53	59.07	5.79
Tangible Book Value, 1 Yr. Growth %	89.34	60.95	6.99	70.69	1.84
Common Equity, 1 Yr. Growth %	69.65	52.83	8.51	62.35	8.95
Cash From Operations, 1 Yr. Growth %	-66.5	431.46	-83.34	444.95	-45.76
Capital Expenditures, 1 Yr. Growth %	742.86	22.03	-65.28	-88	-66.67
Levered Free Cash Flow, 1 Yr. Growth %	-407.69	164.08	-178.36	-243.93	-130.71
Unlevered Free Cash Flow, 1 Yr. Growth %	-424.96	164.05	-177.89	-243.77	-130.75
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	46.33	52.52	12.66	-0.22	-3.2
Gross Profit, 2 Yr. CAGR %	104.22	86.69	16.88	-2.27	-3.8
EBITDA, 2 Yr. CAGR %	56.1	17.97	-6.1	-7.73	-0.4
EBITA, 2 Yr. CAGR %	57.45	18.28	-6.02	-7.74	-0.33
EBIT, 2 Yr. CAGR %	50.82	16.28	-6.65	-10.16	-2.14
Earnings From Cont. Operations, 2 Yr. CAGR %	49.72	15.71	-26.51	-7.07	-0.9
Net Income, 2 Yr. CAGR %	50.63	15.78	-25.91	-7.07	-1.73
Normalized Net Income, 2 Yr. CAGR %	54	16.99	-26.24	-8.23	-3.02
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-2.69	-31.45	-19.14	-20.19
Accounts Receivable, 2 Yr. CAGR %	51.14	11.2	9.94	13.39	-11.33
Net Property, Plant and Equip., 2 Yr. CAGR %	89.89	-19.19	-31.51	-45.23	-33.37
Total Assets, 2 Yr. CAGR %	62.46	56.48	19.85	29.56	29.72
Tangible Book Value, 2 Yr. CAGR %	65.21	73.76	31.23	35.14	31.85
Common Equity, 2 Yr. CAGR %	79.06	60.38	28.78	32.72	33
Cash From Operations, 2 Yr. CAGR %	-9.13	33.43	-5.91	-4.72	71.92
Capital Expenditures, 2 Yr. CAGR %	-37.9	220.71	-34.91	-79.59	-80
Levered Free Cash Flow, 2 Yr. CAGR %	13.11	185.05	43.85	6.2	-33.51
Unlevered Free Cash Flow, 2 Yr. CAGR %	15.4	192.93	43.41	5.82	-33.51
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	55	38.33	33.66	7.17	-1.28
Gross Profit, 3 Yr. CAGR %	83.54	79.4	50.94	9.76	-2.98
EBITDA, 3 Yr. CAGR %	47.66	40.69	2.4	-0.91	-8.53
EBITA, 3 Yr. CAGR %	48.17	41.62	2.55	-0.83	-8.51
EBIT, 3 Yr. CAGR %	43.99	39.1	-0.14	-1.53	-10.99
Earnings From Cont. Operations, 3 Yr. CAGR %	38.46	39.42	0.05	-14.57	-9.77
Net Income, 3 Yr. CAGR %	38.51	39.84	0.71	-14.63	-9.72
Normalized Net Income, 3 Yr. CAGR %	44.66	40.51	1.38	-15.57	-10.54
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-11.88	-24.81	-22.48
Accounts Receivable, 3 Yr. CAGR %	129.15	21.15	24.29	0.02	6.88
Net Property, Plant and Equip., 3 Yr. CAGR %	38.51	41.99	-27.19	-38.02	-35.98
Total Assets, 3 Yr. CAGR %	65.33	53.16	37.22	31.71	21.1
Tangible Book Value, 3 Yr. CAGR %	96.59	63.27	47.82	43.25	22.98
Common Equity, 3 Yr. CAGR %	107.47	69.4	40.79	39.11	24.27
Cash From Operations, 3 Yr. CAGR %	-8.18	63.72	-33.31	68.98	-21.03
Capital Expenditures, 3 Yr. CAGR %	-59.09	-22.22	52.86	-62.95	-75.96
Levered Free Cash Flow, 3 Yr. CAGR %	-	50.06	85.34	43.88	-29.77
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	52.07	88.37	43.53	-29.91
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	36.43	21.39	17.48
Gross Profit, 5 Yr. CAGR %	-	-	53.22	40.71	26.05
EBITDA, 5 Yr. CAGR %	-	-	23.21	18.84	1.27
EBITA, 5 Yr. CAGR %	-	-	23.5	19.31	1.39
EBIT, 5 Yr. CAGR %	-	-	21.07	16.78	-0.95
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	19.13	18.53	-0.33
Net Income, 5 Yr. CAGR %	-	-	19.54	18.76	-0.27
Normalized Net Income, 5 Yr. CAGR %	-	-	21.94	18.5	-0.41
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	-15.1
Accounts Receivable, 5 Yr. CAGR %	-	-	70.82	17.98	8.58
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	4.51	-3	-29.73
Total Assets, 5 Yr. CAGR %	-	-	45.37	43.24	34.17
Tangible Book Value, 5 Yr. CAGR %	-	-	66.93	51.37	41.21
Common Equity, 5 Yr. CAGR %	-	-	71.16	53.65	37.62
Cash From Operations, 5 Yr. CAGR %	-	-	-7.28	31.84	-2.6
Capital Expenditures, 5 Yr. CAGR %	-	-	-50.74	-54.45	-32.24
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	30.68	22.99
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	31.54	24.2