Jakks Pacific, Inc. · NASDAQ:JAKK
Jakks Pacific — Q4 2025 Earnings Presentation
34 slides from Jakks Pacific's earnings presentation, Feb 19, 2026
Slide 1: Fourth Quarter 2025 Earnings Presentation
Fourth Quarter 2025 Earnings Presentation February 19, 2026 5:00 PM Eastern / 2:00 PM Pacific 4Q25 Registration link 4Q25 Webcast link 1
Slide 2: Executive Team on the Call
EXECUTIVE TEAM ON THE CALL STEPHEN BERMAN Chairman & Chief Executive Officer JOHN KIMBLE Executive Vice President & Chief Financial Officer 2
Slide 3: Safe Harbor Statement
SAFE HARBOR STATEMENT The Company would like to point out that any comments made about JAKKS Pacific's future performance, events or circumstances, including the estimates of sales and/or Adjusted EBITDA in 2026, as well as any other forward-looking statements concerning 2026 and beyond are subject
Slide 4: Q4 Net sales were $127.1 million, a year-over-year decrease of 3%
• Q4 Net sales were $127.1 million, a year-over-year decrease of 3% • Q4 Gross margin of 31.0%, up 380 basis points vs. Q4 2024 • Gross profit of $39.4 million, up $3.8 million compared to $35.6 million in Q4 2024 • Operating loss of $8.6 million, compared to an operating loss of $14.7 million in Q4
Slide 5: Full-year net sales were $570.7 million, a year-over-year decrease of 17%
• Full-year net sales were $570.7 million, a year-over-year decrease of 17% • Full-year gross margin of 32.4%, up 160 basis points from 30.8% vs. FY 2024 • Gross profit of $185.1 million, down 13% compared to $213.0 million in FY 2024 • Operating income of $14.2 million, compared to operating income
Slide 6: Fourth Quarter Net Sales
2025 Fourth Quarter Net Sales $ Millions $250 $200 $188.0 $150 $131.9 $127.4 $130.7 $127.1 $100 $50 $0 2021 2022 2023 2024 2025 YoY % Change: (30%) (3)% 3% (3%) 6
Slide 7: Fourth Quarter Toys/Consumer Products Net Sales
2025 Fourth Quarter Toys/Consumer Products Net Sales $ Millions $200 $179.2 $150 $117.7 $118.9 $118.2 $118.0 $100 $50 $0 2021 2022 2023 2024 2025 YoY % Change: (34)% 1% (1)% (0)% 7
Slide 8: Fourth Quarter Toys/Consumer Products Net Sales
2025 Fourth Quarter Toys/Consumer Products Net Sales $ Millions NA TOY/CP INTL TOY/CP $200 $50 $147.8 $40 $150 $31.3 $31.4 $30 $97.4 $97.2 $94.0 $24.2 $100 $86.7 $21.7 $20.3 $20 $50 $10 $0 $0 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 (34)% 0% (3)% (8)% (35)% 7% 12% 30% YoY % Change YoY % Cha
Slide 9: Fourth Quarter Costumes Net Sales
2025 Fourth Quarter Costumes Net Sales $ Millions $20 $15 $14.2 $12.5 $10 $8.8 $9.1 $8.5 $5 $0 2021 2022 2023 2024 2025 YoY % Change: 61% (40)% 46% (27)% 9
Slide 10: Fourth Quarter Gross Margin %
2025 Fourth Quarter Gross Margin % 35.0% 31.0% 30.0% 27.2% 26.6% 26.5% 25.0% 21.7% 20.0% 2021 2022 2023 2024 2025 YoY % Change: (490) bps 480 bps (70) bps 380 bps 10
Slide 11: Fourth Quarter Adj. EBITDA and Adj. Net Income
2025 Fourth Quarter Adj. EBITDA and Adj. Net Income $ Millions Q4 ADJ EBITDA Q4 ADJ NET INCOME $10 $10 $5.0 $5 $5 $1.3 $0 $0 ($2.0) ($5) ($3.8) ($5) ($7.4) ($10) ($10) ($10.9) ($10.2) ($10.5) ($12.1) ($15) ($15) ($13.9) ($20) ($20) 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 2.7% (9.2)% (8.6)%
Slide 12: Full Year Net Sales
2025 Full Year Net Sales $ Millions $900 $796.2 $800 $711.6 $691.0 $700 $621.1 $600 $570.7 $500 $400 $300 $200 $100 $0 2021 2022 2023 2024 2025 YoY % Change: 28% (11)% (3)% (17)% 12
Slide 13: Full Year Toys/Consumer Products Net Sales
2025 Full Year Toys/Consumer Products Net Sales $ Millions $700 $647.3 $600 $580.7 $570.0 $513.5 $500 $461.9 $400 $300 $200 $100 $0 2021 2022 2023 2024 2025 YoY % Change: 26% (10)% (2)% (19)% 13
Slide 14: Full Year Toys/Consumer Products Net Sales
2025 Full Year Toys/Consumer Products Net Sales $ Millions NA TOY/CP INTL TOY/CP $600 $125 $538.3 $109.0 $111.8 $110.1 $107.2 $500 $468.8 $462.8 $100 $428.5 $85.1 $400 $351.8 $75 $300 $50 $200 $25 $100 $0 $0 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 26% (13)% (1)% (24)% 28% 3% (4)% 3% YoY %
Slide 15: Full Year Costumes Net Sales
2025 Full Year Costumes Net Sales $ Millions $200 $148.9 $150 $130.9 $121.0 $107.6 $108.7 $100 $50 $0 2021 2022 2023 2024 2025 YoY % Change: 38% (12)% (8)% (10)% 15
Slide 16: Full Year Gross Margin %
2025 Full Year Gross Margin % 35.0% 32.4% 31.4% 30.8% 30.0% 29.5% 26.5% 25.0% 20.0% 2021 2022 2023 2024 2025 YoY % Change: (300) bps 490 bps (60) bps 160 bps 16
Slide 17: Full Year Adj. EBITDA and Adj. Net Income
2025 Full Year Adj. EBITDA and Adj. Net Income $ Millions FY ADJ EBITDA FY ADJ NET INCOME $100 $100 $76.4 $75.7 $80 $80 $59.3 $60 $60 $49.2 $48.9 $43.6 $42.6 $40 $35.4 $40 $23.6 $18.6 $20 $20 $0 $0 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 7.9% 9.6% 10.6% 8.6% 6.2% 3.8% 5.5% 6.9% 6.2% 3.3% A
Slide 18: Fourth Quarter Inventory - 2024 vs 2025 (Worldwide)
Fourth Quarter Inventory - 2024 vs 2025 (Worldwide) $ Millions $75 0% $59.8M $52.8M $6.9 $50 $8.2 $25 $52.9 $44.6 $0 2024 2025 In-Transit Inventory less In-Transit 18
Slide 19: 2025 results negatively impacted by US tariffs
2025 results negatively impacted by US tariffs Net Sales $796 ($ Million) $712 $691 221 $621 146 136 $571 88 126 376 350 393 393 299 108 149 131 121 109 76 50 41 41 37 2021 2022 2023 2024 2025 Full Year Note: Content-led sales represent those products branded to support a theatrical, television, str
Slide 20: Q4 sales in line with recent years performance
Q4 sales in line with recent years performance Net Sales ($ Million) $323 $322 $310 69 58 99 $237 $220 25 $211 29 $188 53 $167 37 $149 175 177 35 125 158 12 $132 $127 $131 $127 $121 $119 $113 $112 86 117 $107 23 20 38 41 31 9 41 $90 $84 29 36 77 88 121 14 17 60 56 63 70 85 64 69 64 56 59 62 72 57 44
Slide 21: Top Entertainment Properties
Top Entertainment Properties 2021 2022 2023 2024 2025 The Super Mario Bros. Disney Frozen 2 Disney Encanto Movie The Simpsons The Simpsons (Fall 2019) (Fall 2021) (Spring 2023) Disney Raya and Sonic the Hedgehog Disney The Little Disney Moana 2 Disney Moana 2 the Last Dragon 2 Mermaid (Fall 2024) (F
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Slide 28: Condensed Consolidated Statements of Operations
JAKKS Pacific, Inc. and Subsidiaries Condensed Consolidated Statements of Operations (Unaudited) Three Months Ended December 31, Twelve Months Ended December 31, 2025 2024 Δ (%) 2025 2024 Δ (%) (In thousands, except per share data) (In thousands, except per share data) Net sales $ 127,114 $ 130,741
Slide 29: Condensed Consolidated Balance Sheets
JAKKS Pacific, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (Unaudited) December 31, 2025 2024 (In thousands) Assets Current assets: Cash and cash equivalents $ 52,197 $ 69,936 Restricted cash 1,869 201 Accounts receivable, net 138,341 131,629 Inventory 59,805 52,780 Prepaid expenses
Slide 30: Condensed Consolidated Balance Sheets
JAKKS Pacific, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (Unaudited) December 31, 2025 2024 (In thousands) Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 55,558 $ 42,560 Accounts payable - Meisheng (related party) - 13,461 Accrued expenses 43,076 48,45
Slide 31: Supplemental Balance Sheet and Cash Flow Data
JAKKS Pacific, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (Unaudited) Supplemental Balance Sheet and Cash Flow Data (Unaudited) December 31, Key Balance Sheet Data: 2025 2024 Accounts receivable days sales outstanding (DSO) 100 93 Inventory turnover (DSI) 63 51 Twelve Months Ended D
Slide 32: Reconciliation of Non-GAAP Financial Information
JAKKS Pacific, Inc. and Subsidiaries Reconciliation of Non-GAAP Financial Information (Unaudited) Three Months Ended December 31, Twelve Months Ended December 31, 2025 2024 Δ ($) 2025 2024 Δ ($) (In thousands) (In thousands) EBITDA and Adjusted EBITDA Net income (loss) $ (5,320) $ (9,113) $ 3,793 $
Slide 33: Reconciliation of Non-GAAP Financial Information
JAKKS Pacific, Inc. and Subsidiaries Reconciliation of Non-GAAP Financial Information (Unaudited) Three Months Ended December 31, Twelve Months Ended December 31, 2025 2024 Δ ($) 2025 2024 Δ ($) (In thousands, except per share data) (In thousands, except per share data) Adjusted net income (loss) at
Slide 34: Net Sales by Division and Geographic Region
JAKKS Pacific, Inc. and Subsidiaries Net Sales by Division and Geographic Region (In thousands) QTD Q4 (In thousands) YTD Q4 % Change % Change % Change % Change Divisions 2025 2024 2023 2025 v 2024 2024 v 2023 Divisions 2025 2024 2023 2025 v 2024 2024 v 2023 Toys/Consumer Products $118,040 $118,233