---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-24-000198"
form_type: "8-K"
ticker: "JAKK"
cik: "0001009829"
company_name: "JAKKS PACIFIC INC"
filed_at: "2024-03-01T23:59:59+00:00"
generated_at: "2026-06-05T05:13:46.768261+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# JAKKS Pacific Q4 net loss $11.3M; full-year adj. EPS $4.62, gross profit up 6%

## Summary
- Q4 net sales $127.4M (-3% YoY); gross profit $33.7M (+18%); net loss $11.3M vs net income $37.6M in Q4 2022.
- Full-year 2023 net sales $711.6M (-11%); gross profit $223.4M (+6%), highest since 2015.
- Full-year adjusted net income $48.9M ($4.62 diluted) vs $43.6M ($4.29) in 2022; adjusted EBITDA $75.7M.
- Ended 2023 with $72.6M cash, zero debt (all long-term debt repaid in H1); inventory down 35% to $52.6M.
- CEO says third consecutive year meeting or exceeding full-year targets; supply chain normalization boosted margins.

## SEC filing metadata
- accession: 0001185185-24-000198
- form_type: 8-K
- ticker: JAKK
- cik: 0001009829
- company_name: JAKKS PACIFIC INC
- filed_at: 2024-03-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1009829/000118518524000198/0001185185-24-000198-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1009829/000118518524000198/jakkspacif20240228_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-24-000198
- JSON: https://secwatch.observer/filing/0001185185-24-000198.json
- Plain text: https://secwatch.observer/filing/0001185185-24-000198.txt

## Key facts
- Earnings Releases
  JAKKS PACIFIC INC reported the fourth quarter ended December 31, 2023 results: revenue $127.4 million, net income Net loss attributable to common stockholders of $11.3 million, EPS $1.12 per diluted share.
  - Period: the fourth quarter ended December 31, 2023
  - Revenue: $127.4 million
  - Net income: Net loss attributable to common stockholders of $11.3 million
  - EPS: $1.12 per diluted share
  - Result: reported results
  source text: February 29, 2024 – JAKKS Pacific, Inc. (NASDAQ: JAKK) today reported financial results for the fourth quarter ended December 31, 2023. Fourth Quarter 2023 ● Net sales were $127.4 million, a year-over-year decrease of 3% ● Gross margin of 26.5%, up 480 basis points vs. Q4 2022, led by improved landed product cost and reduced inventory obsolescence expense ● Gross
  evidence_url: https://www.sec.gov/Archives/edgar/data/1009829/000118518524000198/0001185185-24-000198-index.htm
- Earnings Releases
  JAKKS PACIFIC INC reported Full-Year 2023 results: revenue $711.6 million, net income Net income attributable to common stockholders of $36.9 million, EPS $4.62 per diluted share.
  - Period: Full-Year 2023
  - Revenue: $711.6 million
  - Net income: Net income attributable to common stockholders of $36.9 million
  - EPS: $4.62 per diluted share
  - Result: reported results
  source text: of $13.9 million (or $1.42 per diluted share) in Q4 2022 ● Adjusted EBITDA (a non-GAAP measure) of $(10.9) million vs. $(12.1) million in Q4 2022 Full-Year 2023 ● Net sales were $711.6 million compared to $796.2 million last year, an 11% decrease ● Gross margin of 31.4% compared to 26.5% last year ● Gross profit of $223.4 million, up 6% compared to $211.3 million last
  evidence_url: https://www.sec.gov/Archives/edgar/data/1009829/000118518524000198/0001185185-24-000198-index.htm

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