Jakks Pacific Reports First Quarter 2026 Financial Results

SANTA MONICA, Calif., April 30, 2026 (GLOBE NEWSWIRE) -- JAKKS Pacific, Inc. (Nasdaq: JAKK) today reported financial results for the first quarter ended March 31, 2026.

First Quarter 2026

• Net sales were $106.7 million, a year-over-year decrease of 6%
  • Toys/Consumer Products net sales were $100.1 million, down 7% from $107.4 million last year
  • Costumes net sales were $6.6 million, a year-over-year increase of 13%
• Gross margin of 33.4%, down 100 basis points vs. Q1 2025
• Gross profit of $35.6 million, down 9% compared to $39.0 million in Q1 2025
• Operating loss of $5.6 million in Q1 2026, compared to a loss of $3.8 million in Q1 2025
• Net loss attributable to common stockholders of $4.3 million or $0.37 per diluted share, compared to net loss attributable to common stockholders of $2.4 million or $0.21 per diluted share in Q1 2025
• Adjusted net loss attributable to common stockholders (a non-GAAP measure) of $1.9 million or $0.17 per diluted share, compared to adjusted net loss attributable to common stockholders of $0.4 million or $0.03 per diluted share in Q1 2025
• Adjusted EBITDA (a non-GAAP measure) of $(0.4) million vs. $0.4 million in Q1 2025
• Trailing-twelve-month Adjusted EBITDA of $34.6 million, down from $35.4 million as of Q4 2025

Management Commentary
“The first quarter for our company is always focused on working with customers to understand the implications of the year that has just closed. For companies like ours that can move quickly and are focused on meeting their customers’ needs that leads to uncovering new opportunities. From that perspective, this has been a very successful quarter, and we feel we are building momentum. Our persistent focus on international growth delivered well. On a trailing twelve-month basis, our International Net Sales have reached $138 million, the highest level we achieved over the past ten years. Customers in the U.S. remain cautious but we are rebuilding the base that was disrupted last year. Our Costumes business continues to steadily expand both its product line breadth as well as its customer footprint, globally."

First Quarter 2026 Results
Net Sales in North America were down 16% in the quarter compared to the previous year but were up compared to the same quarter in 2024. International Sales were $29.0 million in the quarter, up from $21.0 million last year and $16.3 million in 2024. Globally, Action Play & Collectibles net sales were $55.3 million, up from $42.9 million and $33.0 million in 2025 and 2024, respectively. Dolls, Role-Play, Dress-Up net sales were $37.5 million, compared to $55.5 million and $40.6 million in 2025 and 2024, respectively.

Inventory was $52.9 million as of March 31, 2026, compared to $53.2 million as of March 31, 2025, and $59.8 million as of December 31, 2025.

Cash (including restricted cash and cash equivalents) was $64.0 million as of March 31, 2026, compared to $59.4 million as of March 31, 2025, and $54.1 million as of December 31, 2025.

The Board of Directors has declared a quarterly dividend of $0.25 per share on the company’s common stock, payable June 29, 2026, to shareholders of record May 29, 2026.

Use of Non-GAAP Financial Information and Reconciliation of GAAP to Non-GAAP measures:
In addition to the preliminary results reported in accordance with U.S. GAAP included in this release, the Company has provided certain non-GAAP financial information including Adjusted EBITDA and Adjusted Net Income (Loss) that exclude various items that are detailed in the financial tables and accompanying footnotes reconciling GAAP to non-GAAP results contained in this release. The non-GAAP financial measures included in the press release are reconciled to the corresponding GAAP financial measures below, as required under the rules of the Securities and Exchange Commission regarding the use of non-GAAP financial measures.

We define Adjusted EBITDA as income (loss) from operations before depreciation, amortization and adjusted for certain non-recurring and non-cash charges, such as reorganization expenses and restricted stock compensation expense Net income (loss) is similarly adjusted and tax-effected to arrive at Adjusted Net Income (Loss). Adjusted EBITDA and Adjusted Net Income (Loss) are not recognized financial measures under GAAP, but we believe that they are useful in measuring our operating performance, enhance an overall understanding of the Company’s past financial performance, and provides useful information to the investor by comparing our performance across reporting periods on a consistent basis. Investors should not consider these measures in isolation or as a substitute for net income, operating income, or any other measure for determining the Company’s operating performance that is calculated in accordance with GAAP. In addition, because these measures are not calculated in accordance with GAAP, they may not necessarily be comparable to similarly titled measures employed by other companies.

The non-GAAP financial measures included in the press release are reconciled to the corresponding GAAP financial measures below, as required under the rules of the Securities and Exchange Commission regarding the use of non-GAAP financial measures. See “Use of Non-GAAP Financial Information” for additional disclosures with respect to the use of non-GAAP financial information.

Conference Call Live Webcast
JAKKS Pacific, Inc. invites analysts, investors and media to listen to the teleconference scheduled for 5:00 p.m. ET / 2:00 p.m. PT on April 30, 2026. A live webcast of the call will be available on the “Investor Relations” page of the Company’s website at www.jakks.com/investors. To access the call by phone, please go to this link (1Q26 Registration link), and you will be provided with dial-in details. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. A replay of the webcast will also be available for a limited time at (www.jakks.com/investors).

About JAKKS Pacific, Inc.
JAKKS Pacific, Inc. is a leading designer, manufacturer and marketer of toys, costumes and consumer products sold throughout the world, with its headquarters in Santa Monica, California. JAKKS Pacific’s popular proprietary brands include Disguise®, Fly Wheels®, Charming™, KidTopia®, Moose Mountain®, Maui®, ReDo Skateboard Co. ®, Sky Ball®, and Xtreme Power Dozer™ as well as a wide range of entertainment-inspired products featuring premier licensed properties. Through their products and charitable donations, JAKKS is helping to make a positive impact on the lives of children. Visit us at www.jakks.com and follow us on Instagram (@jakkspacific.toys), X (@jakkstoys), YouTube (@JAKKSPacific), Facebook (@jakkspacific.toys) and LinkedIn (JAKKS Pacific).

Forward Looking Statements
This press release may contain “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995) that are based on current expectations, estimates and projections about JAKKS Pacific's business based partly on assumptions made by its management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such statements due to numerous factors, including, but not limited to, those described above, changes in demand for JAKKS Pacific's products, product mix, the timing of customer orders and deliveries, the impact of competitive products, tariff policy and pricing, or any future transactions will result in future growth or success of JAKKS. The “forward-looking statements” contained herein speak only as of the date on which they are made, and JAKKS undertakes no obligation to update any of them to reflect events or circumstances after the date of this release.

CONTACT:JAKKS Pacific Investor Relations(424) 268-9567
Lucas Natalini
[email protected]

JAKKS Pacific, Inc. and SubsidiariesCondensed Consolidated Balance Sheets (Unaudited)               March 31, December 31,      2026    2025   2025      (In thousands)Assets   Current assets:        Cash and cash equivalents $62,849   $59,188  $52,197  Restricted cash  1,132    207   1,869  Accounts receivable, net  93,244    95,611   138,341  Inventory, net  52,854    53,163   59,805  Prepaid expenses and other assets  18,749    19,854   16,873   Total current assets  228,828    228,023   269,085            Property and equipment  156,576    142,493   152,224 Less accumulated depreciation and amortization  135,162    124,592   133,216  Property and equipment, net  21,414    17,901   19,008            Operating lease right-of-use assets, net  43,869    52,721   46,776 Deferred income tax assets, net  69,578    70,404   69,569 Goodwill  34,970    35,085   35,077 Other long-term assets  1,787    1,737   2,682   Total assets $400,446   $405,871  $442,197                       Liabilities and Stockholders' Equity               Current liabilities:        Accounts payable $39,964   $44,489  $55,558  Accrued expenses  35,709    37,200   43,076  Reserve for sales returns and allowances  26,737    26,229   33,569  Income taxes payable  509    1,093   2,119  Short-term operating lease liabilities  14,115    9,806   13,784   Total current liabilities  117,034    118,817   148,106            Long-term operating lease liabilities  35,913    47,110   39,578 Accrued expenses, long term  4,555    2,909   4,463 Income taxes payable  960    2,009   945   Total liabilities  158,462    170,845   193,092            Stockholders' equity:        Common stock, $.001 par value  11    11   11  Additional paid-in capital  304,229    295,931   302,408  Accumulated deficit  (48,162)   (44,860)  (41,021) Accumulated other comprehensive loss  (14,094)   (16,556)  (12,293)  Total JAKKS Pacific, Inc. stockholders' equity  241,984    234,526   249,105  Non-controlling interests  -    500   -   Total stockholders' equity  241,984    235,026   249,105   Total liabilities and stockholders' equity $400,446   $405,871  $442,197            

Supplemental Balance Sheet and Cash Flow Data (Unaudited)          March 31,    Key Balance Sheet Data:  2026   2025                 Accounts receivable days sales outstanding (DSO)  79   76     Inventory turnover (DSI)  67   64                      Three Months Ended March 31, Trailing Twelve Months (*) Ended March 31,      Condensed Cash Flow Data:  2026   2025   2026   2025             Cash flows from (used in) operating activities $21,795  $(1,700) $31,987  $50,110 Cash flows used in investing activities  (5,812)  (3,065)  (15,091)  (12,320)Cash flows used in financing activities and other  (6,068)  (5,977)  (12,310)  (13,887)Net increase (decrease) in cash, cash equivalents and restricted cash $9,915  $(10,742) $4,586  $23,903             Capital expenditures $(5,589) $(2,070) $(13,082) $(11,088)            (*) Trailing twelve months (TTM) amounts are calculated as the sum of the most recent four quarters, derived from reported GAAP results.            

  JAKKS Pacific, Inc. and Subsidiaries  Condensed Consolidated Statements of Operations (Unaudited)      Three Months Ended March 31,      2026   2025  Δ (%)   (In thousands, except per share data)          Net sales$106,676  $113,253  (6)%Less: Cost of sales      Cost of goods 52,187   54,626  (4) Royalty expense 16,913   18,168  (7) Amortization of tools and molds 1,970   1,446  36  Cost of sales 71,070   74,240  (4)  Gross profit 35,606   39,013  (9)Direct selling expenses 8,164   8,696  (6)General and administrative expenses 32,864   33,961  (3)Depreciation and amortization 152   113  35  Selling, general and administrative expenses 41,180   42,770  (4)  Loss from operations (5,574)  (3,757) 48 Other income (expense):      Other income (expense), net 25   5  400  Interest income 480   362  33  Interest expense (60)  (155) (61)Loss before benefit from income taxes (5,129)  (3,545) 45 Benefit from income taxes (849)  (1,163) (27)Net loss$(4,280) $(2,382) 80% Loss per share - basic & diluted$(0.37) $(0.21)   Shares used in loss per share - basic & diluted 11,444   11,146              Three Months Ended March 31,           2026   2025  Δ bps       Fav/(Unfav)Net sales 100.0%  100.0% - Less: Cost of sales      Cost of goods 48.9   48.3  (60) Royalty expense 15.9   16.0  10  Amortization of tools and molds 1.8   1.3  (50.0) Cost of sales 66.6   65.6  (100)  Gross profit 33.4   34.4  (100)Direct selling expenses 7.7   7.7  0 General and administrative expenses 30.8   29.9  (90)Depreciation and amortization 0.1   0.1  -  Selling, general and administrative expenses 38.6   37.7  (90)  Loss from operations (5.2)  (3.3) (190)Other income (expense):      Other income (expense), net -   -    Interest income 0.4   0.3    Interest expense -   (0.1)  Loss before benefit from income taxes (4.8)  (3.1)  Benefit from income taxes (0.8)  (1.0)  Net loss (4.0)%  (2.1)%          

JAKKS Pacific, Inc. and SubsidiariesReconciliation of Non-GAAP Financial Information (Unaudited)  Three Months
Ended March 31,   Three Months
Ended March 31,            2026   2025  Δ ($)  2026   2025  Δ ($)  (In thousands)   (In thousands)  EBITDA and Adjusted EBITDA            Net loss $(4,280) $(2,382) $(1,898) $(4,280) $(2,382) $(1,898)  Interest expense  60   155   (95)  60   155   (95)  Interest income  (480)  (362)  (118)  (480)  (362)  (118)Benefit from income taxes  (849)  (1,163)  314   (849)  (1,163)  314   Depreciation and amortization  2,122   1,559   563   2,122   1,559   563 EBITDA  (3,427)  (2,193)  (1,234)  (3,427)  (2,193)  (1,234)Adjustments:            Other (income) expense, net  (25)  (5)  (20)  (25)  (5)  (20)Restricted stock compensation expense  3,081   2,552   529   3,081   2,552   529 Adjusted EBITDA $(371) $354  $(725) $(371) $354  $(725)Adjusted EBITDA/Net sales %  (0.3)%  0.3% -60 bps  (0.3)%  0.3% -60 bps                            Trailing Twelve Months Ended March 31,                     2026   2025  Δ ($)        (In thousands)        TTM EBITDA and TTM Adjusted EBITDA            TTM net income $7,973  $46,043  $(38,070)        Interest expense  376   1,107   (731)        Interest income  (1,113)  (827)  (286)        Provision for income taxes  5,208   11,097   (5,889)        Depreciation and amortization  10,796   10,091   705       TTM EBITDA  23,240   67,511   (44,271)      Adjustments:            Other (income) expense, net  (470)  (169)  (301)      Restricted stock compensation expense  11,442   9,512   1,930       Loss on debt extinguishment  427   -   427       TTM Adjusted EBITDA $34,639  $76,854  $(42,215)      TTM Adjusted EBITDA/TTM Net sales %  6.1%  10.8% -470 bps                                  Three Months
Ended March 31,   Three Months
Ended March 31,     2026   2025  Δ ($)  2026   2025  Δ ($)  (In thousands, except per share data)   (In thousands, except per share data)  Adjusted net loss attributable to common stockholders            Net loss $(4,280) $(2,382) $(1,898) $(4,280) $(2,382) $(1,898)Restricted stock compensation expense  3,081   2,552   529   3,081   2,552   529 Tax impact of additional charges  (713)  (524)  (189)  (3,866)  (524)  (3,342)Adjusted net loss $(1,912) $(354) $(1,558) $(5,065) $(354) $(4,711)Adjusted loss per share - basic & diluted $(0.17) $(0.03) $(0.14) $(0.44) $(0.03) $(0.41)Shares used in adjusted loss per share - basic & diluted  11,444   11,146   298   11,444   11,146   298 Adjusted earnings (loss) per share - diluted $(0.17) $(0.03) $(0.14) $(0.44) $(0.03) $(0.41)Shares used in adjusted earnings (loss) per share - diluted  11,444   11,146   298   11,444   11,146   298              

JAKKS Pacific, Inc. and SubsidiariesNet Sales by Division and Geographic Region      (In thousands)QTD Q1Divisions202420252026% Change
2025 v 2026CAGR%
2024 - 2026Toys/Consumer Products$82,910$107,438$100,095-6.8%9.9%Dolls, Role-Play/Dress-Up40,57455,46337,497-32.4%-3.9%Action Play & Collectibles33,00842,88155,26928.9%29.4%Outdoor/Seasonal Toys9,3289,0947,329-19.4%-11.4%Costumes$7,166$5,815$6,58113.2%-4.2%Total$90,076$113,253$106,676-5.8%8.8%                  (In thousands)QTD Q1Regions202420252026% Change
2025 v 2026CAGR%
2024 - 2026United States$70,430$88,944$74,636-16.1%2.9%Europe5,73511,81017,37947.2%74.1%Latin America7,9967,4596,962-6.7%-6.7%Canada3,3703,2792,992-8.8%-5.8%Australia & New Zealand1,3466132,469302.8%35.4%Asia9657511,935157.7%41.6%Middle East & Africa234397303-23.7%13.8%Total$90,076$113,253$106,676-5.8%8.8%            (In thousands)QTD Q1Regions202420252026% Change
2025 v 2026CAGR%
2024 - 2026North America$73,800$92,223$77,628-15.8%2.6%International16,27621,03029,04838.1%33.6%Total$90,076$113,253$106,676-5.8%8.8%            (In thousands)QTD Q1Regions202420252026% Change
2025 v 2026CAGR%
2024 - 2026United States$70,430$88,944$74,636-16.1%2.9%Rest of World19,64624,30932,04031.8%27.7%Total$90,076$113,253$106,676-5.8%8.8%