Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
Hasbro (HAS) reported FY2025 revenue growth of 13.1% to $5.37B, but swung to a net loss of $322.4M as operating income collapsed 98.4% to just $11.1M, driven by a sharp rise in R&D spending and significant asset impairments.
Revenue
$5.37B
+13.06% YoY
EPS (Diluted)
-$2.30
-183.64% YoY
Operating Income
$11.1M
-98.39% YoY
Source: SEC XBRL
Hasbro (HAS) reported FY2025 revenue of $5.37B, up 13.1% year over year. Operating margin was 0.2%, down 14.3 points from 14.5% a year earlier. Operating cash flow was $893.2M, up 5.4% year over year.
Last 4 quarters: 4 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 1.28 | 1.15 | Beat +11.3% |
| Mar 2026 | 1.47 | 1.15 | Beat +28.3% |
| Dec 2025This filing | 1.51 | 0.96 | Beat +56.5% |
| Sep 2025 | 1.68 | 1.65 | Beat +1.9% |
Reported EPS of $1.51 versus the $0.96 analyst consensus — a +56.5% beat for Dec 2025.
Compiled by AI from this SEC filing
Total revenue increased 13.1% year-over-year from $4.75B to $5.37B in FY2025, suggesting meaningful top-line momentum, likely from gaming, licensing, or consumer products segments recovering or expanding.
Source: 10-K Income Statement
Operating income fell 98.4% from $690M to just $11.1M, implying substantial one-time charges, restructuring costs, or impairment write-downs that nearly wiped out all operating profitability despite higher revenues.
Source: 10-K Income Statement
R&D expenses jumped 31.1% year-over-year from $294.1M to $385.6M, indicating Hasbro is investing heavily in digital gaming, new product development, or technology-driven initiatives, which pressured margins significantly.
Source: 10-K Income Statement
Despite reporting a net loss of $322.4M, operating cash flow remained robust at $893.2M (up 5.4% YoY), suggesting the net loss was largely driven by non-cash charges such as impairments or amortization rather than deteriorating business fundamentals.
Source: 10-K Cash Flow Statement
Long-term debt declined 18.1% from $3.38B to $2.77B, reflecting continued deleveraging efforts, which is a positive signal for balance sheet health even as total assets shrank 12.4% to $5.55B.
Source: 10-K Balance Sheet
Compiled by AI from this SEC filing · 2 high, 3 medium, 0 low
Operating margin collapsed from 14.5% to just 0.21% in FY2025, and the company reported a net loss of $322.4M despite 13.1% revenue growth. This disconnect between revenue and profitability suggests large impairment or restructuring charges that could recur if strategic initiatives underperform.
Source: 10-K Income Statement & Key Ratios
Total assets declined 12.4% to $5.55B while total liabilities remain high at $4.99B, leaving a thin equity cushion. Long-term debt of $2.77B still represents a significant leverage burden, and rising current liabilities (up 33.5% to $1.87B) tighten near-term liquidity.
Source: 10-K Balance Sheet
R&D expenses surged 31.1% to $385.6M in FY2025, reflecting aggressive investment in new products or digital platforms. If these investments do not generate sufficient returns, they will continue to weigh on earnings and could lead to further write-downs.
Source: 10-K Income Statement
Hasbro paid $392.5M in dividends in FY2025 while reporting a net loss of $322.4M, meaning dividends were funded entirely by operating cash flow and debt rather than earnings. This raises questions about the long-term sustainability of the dividend if profitability does not recover.
Source: 10-K Cash Flow Statement
ROA stands at -5.8% in FY2025, reflecting that the company is generating losses relative to its asset base. Combined with a shrinking total asset base (-12.4%), this indicates potential ongoing divestitures or write-downs that may signal further portfolio restructuring.
Source: 10-K Key Ratios
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 5.37 $B | 4.75 $B | +13.06% |
Cost of Revenue $B | 1.30 $B | 1.18 $B | +9.89% |
Operating Income $M | 11.10 $M | 690.00 $M | -98.39% |
Net Income $M | -322.40 $M | 385.60 $M | -183.61% |
EPS (Basic) $ | -2.30 $ | 2.77 $ | -183.03% |
EPS (Diluted) $ | -2.30 $ | 2.75 $ | -183.64% |
R&D Expense $M | 385.60 $M | 294.10 $M | +31.11% |
SG&A Expense $B | 1.17 $B | 1.21 $B | -3.24% |
Answers draw on this SEC filing and the data on this page
In Q2 FY2026, Hasbro reported net revenues of $1.29B (up 13.8% YoY) and net income of $160.9M, rebounding from a significant prior-year net loss driven by strong 27.1% growth in Wizards of the Coast and the absence of prior-year goodwill impairment.
Hasbro delivered a strong Q1 2026, with revenue up 10.6% to $1.11B, net income more than doubling to $198.4M, and operating cash flow surging 144.5% to $337.7M, reflecting significant margin expansion and operational improvement.