---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-23-000197"
form_type: "8-K"
ticker: "JAKK"
cik: "0001009829"
company_name: "JAKKS PACIFIC INC"
filed_at: "2023-03-10T23:59:59+00:00"
generated_at: "2026-06-18T05:11:23.453317+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# JAKKS Pacific Q4 sales $131.9M, -30% YoY; FY sales +28% to $796.2M; adjusted EBITDA +55%

## Summary
- Q4 net sales $131.9M (-30% YoY); adjusted net loss $14.0M ($1.44/share) vs. adjusted net income $1.3M in Q4 2021.
- Full-year net sales $796.2M (+28% YoY); adjusted net income $43.4M ($4.28/share) vs. $23.6M ($2.59) in 2021.
- Full-year adjusted EBITDA $76.4M (+55%); operating cash flow $86.1M; long-term debt reduced 55% YoY.
- Q4 includes $52.6M non-cash deferred tax asset gain; net income $38.9M vs. net loss $3.5M YoY.
- COO Jack McGrath to become President European Operations effective Jan 1, 2024; salary $500K; term to Dec 2025.

## SEC filing metadata
- accession: 0001185185-23-000197
- form_type: 8-K
- ticker: JAKK
- cik: 0001009829
- company_name: JAKKS PACIFIC INC
- filed_at: 2023-03-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1009829/000118518523000197/0001185185-23-000197-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1009829/000118518523000197/jakkspacif20230309_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-23-000197
- JSON: https://secwatch.observer/filing/0001185185-23-000197.json
- Plain text: https://secwatch.observer/filing/0001185185-23-000197.txt

## Key facts
- Earnings Releases
  JAKKS PACIFIC INC reported the fourth quarter ended December 31, 2022 results: revenue $131.9 million, net income $38.9 million, EPS $3.79 per diluted share.
  - Period: the fourth quarter ended December 31, 2022
  - Revenue: $131.9 million
  - Net income: $38.9 million
  - EPS: $3.79 per diluted share
  - Result: reported results
  source text: March 9, 2023 – JAKKS Pacific, Inc. [NASDAQ: JAKK] today reported financial results for the fourth quarter ended December 31, 2022. Fourth Quarter 2022 ● Net sales were $131.9 million compared to $188.0 million last year; a 30% decrease ● Gross margin of 21.7%, negatively impacted by lower capitalization of warehouse costs, higher tooling amortization,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1009829/000118518523000197/0001185185-23-000197-index.htm
- Earnings Releases
  JAKKS PACIFIC INC reported the full year ended December 31, 2022 results: revenue $796.2 million, net income $91.3 million, EPS $4.28 per diluted share.
  - Period: the full year ended December 31, 2022
  - Revenue: $796.2 million
  - Net income: $91.3 million
  - EPS: $4.28 per diluted share
  - Result: reported results
  source text: income attributable to common stockholders of $1.3 million in Q4 2021 ● Adjusted EBITDA of $(12.1) million, down from $5.0 million in Q4 2021. Full-Year 2022 ● Net sales were $796.2 million compared to $621.1 million last year; a 28% increase ● Gross margin of 26.5% compared to 29.5% last year ● Operating income of $61.0 million compared to $38.8 million last year;
  evidence_url: https://www.sec.gov/Archives/edgar/data/1009829/000118518523000197/0001185185-23-000197-index.htm
- Executive change
  Jack McGrath changed role as President European Operations at JAKKS PACIFIC INC.
  - Action: assigned
  - Role: President European Operations
  source text: effective January 1, 2024, Mr. McGrath will be assigned to our United Kingdom ("UK") office as President European Operations at an annual salary of US$500,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1009829/000118518523000197/0001185185-23-000197-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.