Hasbro (HAS) FY2025 10-K Annual Report
Filed: Feb 25, 2026
Consumer Discretionary
Games, Toys & Children's Vehicles (No Dolls & Bicycles)SEC EDGAR Hasbro (HAS) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 25, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Hasbro FY2025 10-K Analysis
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
Hasbro FY2025 Key Financial MetricsXBRL
Revenue
$4.7B
▲ +13.7% YoY
Net Income
-$322M
▼ -183.6% YoY
Operating Margin
0.2%
▼ -1645bp YoY
Net Margin
-6.9%
▼ -1618bp YoY
ROE
-57.0%
▼ -8955bp YoY
Total Assets
$5.6B
▼ -12.4% YoY
EPS (Diluted)
$-2.30
▼ -183.6% YoY
Operating Cash Flow
$893M
▲ +5.4% YoY
Source: XBRL data from Hasbro FY2025 10-K filing on SEC EDGAR. All figures in USD.
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