← Cheer Holding, Inc.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Net income $26.4m $29.2m $35.4m $26.4m $30.5m $26.0m $25.6m
Net Income From Continuing Operations — — — $26.4m $30.5m $26.0m $25.6m
Depreciation and amortization $739k $2.9m $2.1m $2.9m $3.4m $3.8m $6.9m
Amortization of right-of-use assets $314k $447k $426k $454k $394k $41k $122k
Amortization of loan origination fees — $93k $104k $76k $16k $10k —
Depreciation Amortization Depletion — — — $3.3m $3.8m $3.8m $7.0m
Deferred income tax expense (benefits) $190k ($181k) $713k ($53k) $63k ($33k) $73k
Deferred Income Tax — — — ($53k) $63k ($33k) $73k
Deferred Tax — — — ($53k) $63k ($33k) $73k
Impairment of intangible assets — — — — — — $1.2m
Asset Impairment Charge — — — $0 $2k $2k $1.2m
Right-of-use assets obtained in exchange for operating lease liabilities — — — — — $385k —
(Reversal of provision) provision for credit losses $188k ($1.1m) ($268k) $440k $2.1m ($20k) ($2.9m)
Provision for unamortized produced content — — — $770k $112k — —
Loss from early termination of right-of-use assets — — — — — $15k —
Share based compensation for employees — $5.4m $4k — — $1.7m $3.4m
Written off of property and equipment — — — — $2k $2k $11k
Change in fair value of warrant liability — ($19.7m) ($809k) $63k ($86k) — —
Income from waive of other payables — — — — — ($156k) ($22k)
Accounts receivable ($12.7m) ($24.0m) $19.9m ($42.1m) $15.2m $1.9m $1.5m
Prepayment and other current assets — — ($10.7m) $16.9m ($22.3m) ($514k) ($10.2m)
Unamortized produced content $1.3m $442k ($537k) $940k $682k ($16k) —
Accounts payable $3.9m $2.8m $4.8m ($5.6m) $3.3m ($7.4m) $599k
Contract liabilities $372k ($39k) ($87k) ($356k) ($14k) ($101k) ($26k)
Accrued liabilities and other payables $449k $5.2m ($9.2m) $564k ($370k) — ($1.5m)
Other taxes payable $717k $5.6m $5.0m $7.3m $9.5m ($2.3m) ($6.7m)
Lease liabilities ($310k) ($376k) ($389k) ($641k) ($371k) ($22k) ($111k)
Purchase of intangible assets — — — ($8.0m) — ($24.9m) ($709k)
Proceeds from short-term bank loans — — $5.1m $6.1m $4.7m $12.5m $7.7m
Repayments of short-term bank loans — ($724k) ($6.8m) ($6.2m) ($4.8m) ($6.9m) ($12.5m)
Proceeds from long-term bank loans — — — — $1.4m — —
Payment of loan origination fees — ($146k) ($68k) ($87k) ($58k) ($32k) —
Contribution (withdrawal of) from shareholders — — — $743k ($791k) $5.5m —
Borrowings from related parties $3.2m — — $743k $1.6m — $1.6m
Repayments to related parties — — ($232k) — — ($500k) —
Proceeds from issuance of ordinary shares in connection with a private placement — — $15.3m — $80.0m — $21.0m
Acquisition of intangible assets from prepayments — — — — $4.5m $4.5m $14.4m
Beginning Cash Position — — — $77.3m $70.5m $194.5m $197.7m
Cash Flow From Continuing Financing Activities — — — $508k $82.0m $10.6m $17.8m
Cash Flow From Continuing Investing Activities — — — ($8.0m) ($3k) ($24.9m) ($709k)
Change In Account Payable — — — ($5.6m) $3.3m ($7.4m) $599k
Change In Accrued Expense — — — $565k ($370k) $0 ($1.5m)
Change In Income Tax Payable — — — $7.3m $9.5m ($2.3m) ($6.7m)
Change In Other Current Assets — — — $170k $682k ($16k) $0
Change In Other Current Liabilities — — — ($641k) ($371k) ($22k) ($111k)
Change In Other Working Capital — — — ($356k) ($14k) ($101k) ($26k)
Change In Payable — — — $1.8m $12.8m ($9.7m) ($6.1m)
Change In Payables And Accrued Expense — — — $2.3m $12.4m ($9.7m) ($7.6m)
Change In Prepaid Assets — — — $16.9m ($22.3m) ($514k) ($10.2m)
Change In Receivables — — — ($42.1m) $15.2m $1.9m $1.5m
Change In Tax Payable — — — $7.3m $9.5m ($2.3m) ($6.7m)
Change In Working Capital — — — ($23.7m) $5.7m ($8.5m) ($16.4m)
Changes In Account Receivables — — — ($42.1m) $15.2m $1.9m $1.5m
Changes In Cash — — — $258k $124.2m $8.6m $35.1m
End Cash Position — — — $70.5m $194.5m $197.7m $242.1m
Financing Cash Flow — — — $508k $82.0m $10.6m $17.8m
Free Cash Flow — — — ($250k) $42.2m ($2.0m) $17.2m
Gain Loss On Investment Securities — — ($809k) $62k ($86k) — —
Gain Loss On Sale Of Business — — ($26k) $0 $0 — —
Gain Loss On Sale Of PPE — — $0 $0 $2k — —
Investing Cash Flow — — — ($8.0m) ($3k) ($24.9m) ($709k)
Issuance Of Capital Stock — — — $0 $80.0m $0 $21.0m
Net Business Purchase And Sale — — ($12k) $0 $0 — —
Net Intangibles Purchase And Sale — — — ($8.0m) $0 ($24.9m) ($709k)
Net PPE Purchase And Sale — — — ($25k) ($3k) ($1k) $0
Operating Gains Losses — — ($835k) $62k ($86k) — —
Other Non Cash Items — — — $76k $16k ($131k) ($22k)
Provisionand Write Offof Assets — — — $1.2m $2.2m ($20k) ($2.9m)
Purchase Of Business — — ($12k) $0 $0 — —
Purchase Of Intangibles — — — ($8.0m) $0 ($24.9m) ($709k)
Purchase Of PPE — — — ($25k) ($3k) ($1k) $0
Stock Based Compensation — — — $391k $0 $1.7m $3.4m
Net cash provided by operating activities $26.1m $8.7m $46.5m $7.7m $42.2m $22.9m $17.9m
Purchase of property, plant and equipment ($7k) ($59k) ($72k) ($25k) ($3k) ($1k) ($709k)
Net Investment Purchase And Sale — — $1.8m $0 $0 — —
Net cash used in investing activities ($15.3m) ($4.4m) ($1.1m) ($8.0m) ($3k) ($24.9m) ($709k)
Issuance Of Debt — — — $6.1m $7.7m $12.5m $9.3m
Long Term Debt Issuance — — — $0 $3.0m $0 $1.6m
Net Issuance Payments Of Debt — — — ($148k) $2.9m $5.6m ($3.2m)
Net Long Term Debt Issuance — — — $0 $3.0m $0 $1.6m
Net Short Term Debt Issuance — — — ($148k) ($142k) $5.6m ($4.9m)
Short Term Debt Issuance — — — $6.1m $4.7m $12.5m $7.7m
Long Term Debt Payments — — ($6.8m) ($6.2m) — — —
Repayment Of Debt — — — ($6.2m) ($4.8m) ($6.9m) ($12.5m)
Short Term Debt Payments — — — ($6.2m) ($4.8m) ($6.9m) ($12.5m)
Common Stock Issuance — — — $0 $80.0m $0 $21.0m
Net Common Stock Issuance — — — $0 $80.0m $0 $21.0m
Net Other Financing Charges — — ($300k) $656k ($849k) $5.0m —
Net cash provided by financing activities ($6.2m) $5.4m $13.3m $508k $82.0m $10.6m $17.8m
Effect of exchange rate changes ($68k) $1.1m $881k ($7.1m) ($149k) ($5.4m) $9.4m
Net increase in cash and cash equivalents $4.5m $10.8m $59.6m ($6.8m) $124.0m $3.1m $44.4m
Cash and cash equivalents, at beginning of year $6.9m $17.7m $77.3m $77.3m $194.5m $197.7m $197.7m
Cash and cash equivalents, at end of year — $17.7m $77.3m $70.5m $194.2m $197.7m $242.1m
Change In Cash Supplemental As Reported — — — ($6.8m) $124.0m $3.1m $44.4m
Income Tax Paid Supplemental Data — — — $0 $0 $0 $0
Interests paid $287k $239k $336k $247k $271k $325k $366k

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.