<TABLE> <S> <C>

<PAGE>

<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE AUDITED
FINANCIAL STATEMENTS OF FILM ROMAN, INC., AS OF AND FOR THE YEAR ENDED DECEMBER
31, 1995, AND FROM THE UNAUDITED FINANCIAL STATEMENTS OF FILM ROMAN, INC. AS OF
AND FOR THE SIX MONTH PERIOD ENDED JUNE 30, 1996 AND FOR THE THREE MONTH PERIOD
ENDED MARCH 31, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED>

<S>                             <C>                     <C>                       <C>
<PERIOD-TYPE>                   YEAR                   6-MOS                     3-MOS
<FISCAL-YEAR-END>                          DEC-31-1995             DEC-31-1996               DEC-31-1996
<PERIOD-END>                               DEC-31-1995             JUN-30-1996               MAR-31-1996
<CASH>                                       5,176,090               4,793,676                 4,707,316
<SECURITIES>                                         0                       0                         0
<RECEIVABLES>                                  430,184               1,637,855                   582,785
<ALLOWANCES>                                         0                       0                         0
<INVENTORY>                                 12,379,146              19,012,062                12,094,386
<CURRENT-ASSETS>                                     0                       0                         0
<PP&E>                                         885,903               1,478,939                 1,131,413
<DEPRECIATION>                                 549,028                 659,510                   596,124
<TOTAL-ASSETS>                              18,950,378              26,974,885                18,574,789
<CURRENT-LIABILITIES>                                0                       0                         0
<BONDS>                                      1,757,145               1,240,896                   486,711
<PREFERRED-MANDATORY>                                0                       0                         0
<PREFERRED>                                  6,748,788               7,231,988                 6,989,574
<COMMON>                                           700                     700                       700
<OTHER-SE>                                   1,831,350               (175,648)                   727,690
<TOTAL-LIABILITY-AND-EQUITY>                18,950,378              26,974,885                18,574,789
<SALES>                                     34,340,620              13,715,698                 7,460,762
<TOTAL-REVENUES>                            34,340,620              13,715,698                 7,460,762
<CGS>                                       33,155,523              12,927,052                 7,110,707
<TOTAL-COSTS>                               33,155,523              12,927,052                 7,110,707
<OTHER-EXPENSES>                             2,963,211               1,594,473                   851,215
<LOSS-PROVISION>                                     0                       0                         0
<INTEREST-EXPENSE>                            (88,938)                (63,657)                  (24,914)
<INCOME-PRETAX>                            (1,689,176)               (742,170)                 (471,246)
<INCOME-TAX>                                         0                       0                         0
<INCOME-CONTINUING>                        (1,689,176)               (742,170)                 (471,246)
<DISCONTINUED>                                       0                       0                         0
<EXTRAORDINARY>                                      0                       0                         0
<CHANGES>                                            0                       0                         0
<NET-INCOME>                               (1,689,176)               (742,170)                 (471,246)
<EPS-PRIMARY>                                   (0.55)                  (0.37)                    (0.20)
<EPS-DILUTED>                                   (0.55)                  (0.37)                    (0.20)


</TABLE>