Skybound Entertainment has begun another equity crowdfunding raise after posting losses in 2024 and 2025. The new raise seeks a maximum of $5 million, far less than the $75 million target for the 2023 raise (see “Skybound Crowdfunding Equity”), or the eventual raise, which totaled $17.8 million.
The company provided financials for 2025 and 2024, which showed operating losses of $7.9 million and $28.7 million, respectively, for the two years, and net losses of $20.2 million and $27.6 million after non-operating elements were included.
Skybound has grown dramatically since the 2021 numbers revealed with the previous crowdfunding equity campaign: sales hit $111.8 million in 2025, up from $67.8 million in 2021.
Revenue from comics is a small minority of sales for the company. It reported $6.1 million in revenue from Image Comics in 2025, part of a total of $14.2 million in revenues from “Editorial,” which presumably includes crowdfunding and other direct-to-consumer sales, foreign rights, and possibly other elements in addition to sales through Image.
The largest source of revenue is $47.4 million in 2025 sales from Linear Content, which would include the Invincible tv series. Second was Interactive sales of $36.0 million in 2025, followed by Editorial, and then Mobile Apps at $11.6 million and merch at $2.7 million.
Skybound had $23.1 million in cash and cash equivalents at the end of 2025, along with access to a $25 million credit line, and has sufficient resources to fund operations for the coming year, according to the financial report.
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