HAS Hasbro
FY2025 10-K
Filed: Feb 25, 2026
Consumer Discretionary
Games, Toys & Children's Vehicles (No Dolls & Bicycles)SEC EDGAR Hasbro (HAS) filed its fiscal year 2025 10-K annual report with the SEC on Feb 25, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2025 10-K
Business Overview
- • Franchise-first IP licensor and toy/game company monetizing owned brands (MAGIC, MONOPOLY, NERF, etc.) via physical products, digital licensing, and location-based entertainment
- • MAGIC: THE GATHERING hit all-time record; Final Fantasy Universes Beyond set highest-selling set ever by net revenues; Marvel's Spider-Man set also released in 2025
Management Discussion & Analysis
- • Revenue $4,701.3M, up 13.7% YoY ($+565.8M), driven by Wizards of the Coast & Digital Gaming +44.7% ($+675.6M)
- • Operating margin collapsed to 0.2% vs 16.7% in 2024, dragged by $1,021.9M non-cash goodwill impairment in Consumer Products; net loss $322.4M vs net income $385.6M
Risk Factors
- • Tariffs on China-sourced toys create direct cost pressure; shift from direct import to domestic orders raises costs and risks lost orders
- • Total long-term debt ~$3,281.9M strains cash flow, limits dividends/buybacks, and risks covenant breach during revenue downturns
Financial SummaryXBRL
Revenue
$4.7B
Net Income
-$322M
Operating Margin
0.2%
Net Margin
-6.9%
ROE
-57.0%
Total Assets
$5.6B
EPS (Diluted)
$-2.30
Operating Cash Flow
$893M
Source: XBRL data from Hasbro FY2025 10-K filing on SEC EDGAR. All figures in USD.
Other Hasbro Annual Reports
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