Revenue decline and negative operating cash flow are concerning for a $4M market cap company; monitor next quarter for further revenue erosion and cash burn trajectory. The large cash balance ($213.8M) relative to market cap suggests investors are pricing in significant risk or distress.
Price Chart
Executive Summary
Cheer Holding reported H1 2026 revenue of $60.5M, down 14.7% YoY, but net income rose 4.0% to $8.1M due to aggressive cost reductions. Operating cash flow turned negative at -$30.2M, and the company's $213.8M cash pile is large relative to its $4M market cap, but the revenue decline and cash burn signal operational headwinds.
Key Financial Metrics
Key Facts
- Revenue fell 14.7% YoY to $60.5M from $71.0M
- Net income attributable to shareholders increased 4.0% to $8.1M from $7.8M
- Operating cash flow swung to -$30.2M from +$3.9M in the prior-year period
- Cash and equivalents stood at $213.8M, down from $242.1M at year-end 2025
Financial Impact
Revenue decreased $10.5M (14.7%) YoY; net income increased $0.3M (4.0%); operating cash flow worsened by $34.1M year-over-year
Risk Factors
- Revenue decline may accelerate if macroeconomic headwinds persist and customer cost-saving strategies continue
- Negative operating cash flow could deplete cash reserves over time despite the current large cash balance
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3334616 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 23, 2026 4w ago | SC 13D | $1.60 | awaiting T+60 | — | $1.23 (+23.22%) |
Sep 17, 2026 5w ago | SC 13D/A | $1.56 | awaiting T+60 | — | $1.23 (+21.25%) |
Sep 17, 2026 5w ago | 6-K | $1.56 | awaiting T+60 | — | $1.23 (+21.25%) |
Jul 28, 2026 13w ago | 6-K | $1.93 $1.31 | ▲ +32.12% | ▲ +36.47% | $1.23 (+36.35%) |
Jul 28, 2026 13w ago | Press Release | $1.93 $1.31 | ▲ +32.12% | ▲ +36.47% | $1.23 (+36.35%) |
Jul 8, 2026 15w ago | Press Release | $1.84 $1.65 | ▲ +10.33% | ▲ +11.96% | $1.23 (+33.23%) |
Mar 23, 2026 31w ago | Press Release | $2.70 $2.07 | ▼ −23.33% | ▼ −36.39% | $1.23 (−54.50%) |
US Market Status
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