JAKKS Pacific Inc 2025年季度报告

FORM10-Q (Mark one) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedSeptember 30,2025 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fromto Commission file number:001-35448 JAKKS Pacific, Inc.(Exact Name of Registrant as Specified in Its Charter) Registrant’s Telephone Number, Including Area Code:(424)268-9444 Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “non-accelerated filer,”“smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Accelerated filer☒Non-accelerated filer☐Smaller reporting company☒Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ Securities registered pursuant to Section 12(g) of the Act: Name of each exchange on whichregisteredTheNASDAQGlobal Select Market The number of shares outstanding of the issuer’s common stock is11,269,529as of October 31, 2025. JAKKS PACIFIC, INC. AND SUBSIDIARIESTABLE OF CONTENTS TO QUARTERLY REPORT ON FORM 10-QQUARTER ENDED September 30, 2025ITEMS IN FORM 10-Q Part IFINANCIAL INFORMATIONItem 1.Financial Statements (Unaudited) Condensed Consolidated Balance SheetsCondensed Consolidated Statements of Operations and Comprehensive IncomeCondensed Consolidated Statements of Stockholders’ EquityCondensed Consolidated Statements of Cash FlowsNotes to Condensed Consolidated Financial StatementsItem 2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3.Quantitative and Qualitative Disclosures About Market RiskItem 4.Controls and Procedures Part IIOTHER INFORMATIONItem 1.Legal Proceedings Item 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.Exhibits SignaturesExhibit31.1Exhibit31.2Exhibit32.1Exhibit32.2 PART I–FINANCIAL INFORMATION JAKKS PACIFIC, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(In thousands, except shareamounts) JAKKS PACIFIC, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY(In thousands) JAKKS PACIFIC, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(In thousands) Supplemental disclosures of non-cash activities: During the nine months ended September 30, 2025 and 2024, the lease liability increased by $5.1million and $2.7millionrespectively, with a corresponding increase to the ROU asset. As of September 30, 2025 and 2024, there was $4.2million and $4.1million, respectively, of property and equipmentpurchases included in accounts payable. As of September 30, 2025, debt issuance costs of $0.1million associated with the Company’s revolving credit facility withBMO Bank N.A. that was entered into on June 24, 2025 were included in accrued expenses (see Note 5 – Credit Facilities). On August 8, 2025, the Company deregistered Jakks Pacific Trading Ltd., derecognized the related non-controlling interest of$0.5million and recognized a liability towards the former non-controlling shareholder of $0.5million within accrued expenses. On March 11, 2024, the Company issued $15.0million in common stock as part of the consideration to redeem the preferredstock derivative liability (see Note 8 – Common Stock and Preferred Stock). See accompanying notes to condensed consolidated financial statements. JAKKS PACIFIC, INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited)September 30, 2025 Note 1—Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements included herein have been prepared by theCompany, without audit, pursuant to the rules and regulations of the Securities