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CHR

Cheer Holding, Inc.

CHR

Cheer Holding, Inc. • NASDAQ
$0.04 ▼ -3.49% (-0.00)
Market Cap $503640
52w High $3.45
52w Low $0.04
Dividend Yield 0%
P/E 0.02
Volume 37.79M
Outstanding Shares 12.14M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2024 $71.055M ▼ $40.531M ▼ $12.416M ▼ 17.474% ▼ $1.23 ▼ $13.326M ▼
Q4-2023 $84.892M ▲ $41.716M ▼ $21.73M ▲ 25.597% ▲ $2.16 ▲ $23.978M ▲
Q2-2023 $67.435M ▼ $41.777M ▼ $8.747M ▼ 12.971% ▼ $1.17 ▼ $10.295M ▼
Q4-2022 $87.146M ▲ $44.925M ▲ $16.083M ▲ 18.455% ▲ $2.36 ▲ $16.221M ▲
Q2-2022 $69.933M $44.848M $10.807M 15.453% $1.59 $10.505M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $203.228M ▲ $362.749M ▲ $40.558M ▼ $322.111M ▲
Q4-2024 $197.66M ▲ $346.591M ▲ $41.521M ▼ $304.993M ▲
Q2-2024 $186.38M ▼ $333.241M ▲ $47.093M ▼ $286.071M ▲
Q4-2023 $194.227M ▲ $327.632M ▲ $47.625M ▲ $279.929M ▲
Q2-2023 $152.441M $266.304M $33.446M $232.783M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2024 $12.416M ▼ $-6.741M ▼ $0 ▼ $2.972M ▼ $-8.145M ▼ $-6.741M ▼
Q4-2023 $21.73M ▲ $14.995M ▼ $59K ▲ $22.012M ▼ $42.084M ▼ $14.996M ▼
Q2-2023 $8.747M ▼ $27.179M ▼ $-62K ▲ $60.009M ▲ $81.959M ▲ $27.175M ▼
Q4-2022 $16.083M $38.366M $-7.606M $-334K $25.705M $30.402M

Five-Year Company Overview

Income Statement

Income Statement Revenue has been fairly flat over the last several years, without a clear growth trend. Profitability at the gross margin level looks healthy, suggesting the core digital services have attractive economics. Operating profit and net profit have been positive and relatively stable in absolute terms, but earnings per share have trended down, reflecting share structure changes and possibly some dilution. Overall, the business appears profitable but not yet showing strong top‑line momentum or clear earnings growth on a per‑share basis.

Balance Sheet

Balance Sheet The balance sheet looks conservative for a small tech and media company. Cash has grown meaningfully and now represents a large share of total assets, while debt remains very low. Equity has increased steadily, indicating the company has been building its capital base over time. This combination—more cash, little debt, and rising equity—suggests a generally solid financial footing, though it also raises the question of how effectively that cash will be deployed for growth.

Cash Flow

Cash Flow Cash generation from operations has been positive but uneven from year to year, pointing to a business that can fund itself but with some volatility. Free cash flow has been modest, helped by relatively low capital spending, which fits a digital, asset‑light model. The company does not appear to be burning large amounts of cash, but it also is not yet producing consistently strong surplus cash that would clearly support rapid expansion or large shareholder returns.

Competitive Edge

Competitive Edge Cheer operates in some of the most competitive areas of China’s internet economy: short video, e‑commerce, AI content tools, and broader digital experiences. Its main edge is an integrated ecosystem that ties together content, shopping, social features, and AI creation tools, which can help keep users within its own platforms. High gross margins suggest the model can scale well if user adoption grows. However, it faces very powerful rivals with bigger user bases, stronger brands, and deeper pockets, so maintaining differentiation and capturing attention in this crowded market is a constant challenge. The recent Nasdaq delisting notice also underlines its relatively small scale and market visibility risks.

Innovation and R&D

Innovation and R&D Innovation is clearly a core focus. The company is pushing hard into AI with its CHEERS Telepathy platform and Polaris cloud model, emphasizing fast, high‑quality image and video generation. It is also investing in metaverse‑style experiences, AI‑driven social apps, NFTs, and digital collectibles, aiming to build a unified digital world that blends entertainment, shopping, and social interaction. The planned acquisition of an AI and synthetic data firm could deepen its technical capabilities. The main question is less about ambition and more about execution: turning this wide innovation pipeline into products that gain real traction in a very noisy market.

Summary

Cheer Holding combines a profitable, asset‑light digital platform business with an aggressive innovation agenda in AI and immersive experiences. Financially, it appears stable, with decent margins, a cash‑rich and lightly levered balance sheet, and generally positive, if uneven, cash flow. Strategically, it is trying to carve out a niche through an integrated ecosystem that spans content, commerce, and metaverse‑style applications, supported by proprietary AI tools and targeted acquisitions. Against this, it faces intense competitive pressure from much larger Chinese internet players and significant market and listing uncertainty, including a Nasdaq delisting notice and ongoing buyout proposals. Overall, the story is one of technological promise and financial prudence set against meaningful scale, execution, and market‑structure risks.

NEWS

November 24, 2025 · 6:00 AM UTC

KRISPY KREME® x Peanuts Collection Is Filled With Holiday Cheer

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November 21, 2025 · 5:00 PM UTC

Cheer Holding Receives Nasdaq Delisting Notice Subject to Hearing Request

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November 18, 2025 · 9:20 AM UTC

Lights, Camera, Holiday Cheer! Cinemark Brings Family Favorites Back to the Big Screen Along with Festive Deals to Close Out the Year

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November 18, 2025 · 8:00 AM UTC

Cheer Holding Forms Special Committee to Evaluate the Two Preliminary Non-Binding Proposals to Acquire All of Its Shares

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November 6, 2025 · 5:30 PM UTC

Univest Securities, LLC Announces Closing of $15 Million Registered Direct Offering for its Client Cheer Holding, Inc. (NASDAQ: CHR)

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