---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-24-000433"
form_type: "8-K"
ticker: "JAKK"
cik: "0001009829"
company_name: "JAKKS PACIFIC INC"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T07:13:40.253536+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# JAKKS Pacific Q1 net sales $90.1M (-16% YoY); operating loss $21.3M; preferred shares retired

## Summary
- Net sales $90.1M, down 16% YoY; gross margin 23.4%, down 580 bps.
- Operating loss $21.3M vs $4.4M loss in Q1 2023; adjusted EPS loss $1.09 vs $0.40.
- Adjusted EBITDA -$17.2M vs -$1.1M; lack of new film releases drove decline.
- Retired all preferred shares at discounted valuation, removing last 2019 restructuring artifact.
- Cash $35.5M; zero total debt; inventory $46.3M.

## SEC filing metadata
- accession: 0001185185-24-000433
- form_type: 8-K
- ticker: JAKK
- cik: 0001009829
- company_name: JAKKS PACIFIC INC
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1009829/000118518524000433/0001185185-24-000433-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1009829/000118518524000433/jakkspacif20240424_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-24-000433
- JSON: https://secwatch.observer/filing/0001185185-24-000433.json
- Plain text: https://secwatch.observer/filing/0001185185-24-000433.txt

## Key facts
- Earnings Releases
  JAKKS PACIFIC INC reported first quarter ended March 31, 2024 results: revenue $90.1 million.
  - Period: first quarter ended March 31, 2024
  - Revenue: $90.1 million
  - Result: reported results
  source text: California, April 24, 2024 – JAKKS Pacific, Inc. (NASDAQ: JAKK) today reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 ● Net sales were $90.1 million, a year-over-year decrease of $17.4 million or 16%, driven by a lack of new film releases vs. prior year ● Gross margin of 23.4%, down 580 basis points vs. Q1 2023, led by higher
  evidence_url: https://www.sec.gov/Archives/edgar/data/1009829/000118518524000433/0001185185-24-000433-index.htm

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