---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-23-000415"
form_type: "8-K"
ticker: "JAKK"
cik: "0001009829"
company_name: "JAKKS PACIFIC INC"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T07:41:02.525360+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# JAKKS Pacific Q1 net sales $107.5M (-11% YoY); net loss widens to $5.7M, but gross margin improves 450 bps

## Summary
- Net sales $107.5M (-11% vs $120.9M Q1 2022); gross margin 29.2% (+450 bps); gross profit $31.4M (+5%).
- Net loss attributable to common stockholders $5.7M ($0.58/share) vs $4.2M loss ($0.43) in Q1 2022.
- Adjusted EBITDA negative $1.1M vs positive $1.9M; TTM adjusted EBITDA $73.3M (+37% from $53.6M).
- International segment grew: Toys/Consumer Products +7% to $20.0M, Costumes +64% to $3.0M; Latin America strong.
- Long-term debt reduced to under $30M during Q1; temporary warehouse costs drove SG&A higher.

## SEC filing metadata
- accession: 0001185185-23-000415
- form_type: 8-K
- ticker: JAKK
- cik: 0001009829
- company_name: JAKKS PACIFIC INC
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1009829/000118518523000415/0001185185-23-000415-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1009829/000118518523000415/jakkspacif20230426_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-23-000415
- JSON: https://secwatch.observer/filing/0001185185-23-000415.json
- Plain text: https://secwatch.observer/filing/0001185185-23-000415.txt

## Key facts
- Earnings Releases
  JAKKS PACIFIC INC reported the first quarter ended March 31, 2023 results: revenue Net sales were $107.5 million, net income Net loss attributable to common stockholders was $5.7 million, EPS $0.58 per basic and diluted share.
  - Period: the first quarter ended March 31, 2023
  - Revenue: Net sales were $107.5 million
  - Net income: Net loss attributable to common stockholders was $5.7 million
  - EPS: $0.58 per basic and diluted share
  - Result: reported results
  source text: April 27, 2023 – JAKKS Pacific, Inc. [NASDAQ: JAKK] today reported financial results for the first quarter ended March 31, 2023. First Quarter 2023 Overview: ● Net sales were $107.5 million, down 11% compared to $120.9 million in Q1 2022 ● Back-to-back $100+ million net sales Q1s for the first time since 2008-2009 ● Gross margin of 29.2%, up 450 basis points vs. Q1
  evidence_url: https://www.sec.gov/Archives/edgar/data/1009829/000118518523000415/0001185185-23-000415-index.htm

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