Jakks Pacific: financial results for the first quarter of 2026
Jakks Pacific has reported its financial results for the first quarter of 2026, showing a decline in overall sales and profitability while highlighting continued international growth and expansion in its costumes business.
Net sales reached $106.7 million
For the quarter ending March 31, 2026, net sales reached $106.7 million, down 6% year-over-year. Sales in the Toys and Consumer Products segment fell 7% to $100.1 million, while the Costumes segment increased 13% to $6.6 million. Gross profit declined to $35.6 million, with gross margin decreasing to 33.4% from 34.4% in the same period last year.
The company reported an operating loss of $5.6 million, compared to a $3.8 million loss in the first quarter of 2025. Net loss attributable to common stockholders widened to $4.3 million, or $0.37 per diluted share, versus $2.4 million, or $0.21 per diluted share, a year earlier. Adjusted EBITDA was negative $0.4 million, compared to positive $0.4 million in Q1 2025.
Management described the quarter as strategically successful
Management described the quarter as strategically successful despite cautious market conditions in the U.S., emphasizing the company’s ability to identify new opportunities and strengthen customer relationships. International sales increased significantly to $29.0 million, up from $21.0 million last year, reaching the company’s highest trailing twelve-month international sales level in the past decade at $138 million. The costumes business also continued to expand globally in both product range and customer reach.
More numbers
Within product categories, Action Play & Collectibles sales rose to $55.3 million, while Dolls, Role-Play, and Dress-Up sales declined to $37.5 million. Inventory levels remained stable at $52.9 million, and cash holdings increased to $64.0 million as of March 31, 2026.
The company’s Board of Directors also approved a quarterly dividend of $0.25 per share, payable on June 29, 2026, to shareholders on record as of May 29, 2026.
In addition to its GAAP financial results, the company reported non-GAAP measures such as Adjusted EBITDA and Adjusted Net Loss, which exclude certain non-recurring and non-cash expenses to provide investors with a clearer comparison of operating performance across reporting periods.