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Funko, Inc.

Funko, Inc.

NASDAQ•FNKO
CEO: Mr. Tracy D. Daw J.D.
Sector: Consumer Cyclical
Industry: Leisure
Listing Date: 2017-11-02
Funko, Inc., a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, Europe, and internationally. The company provides media and entertainment content, including movies, television (TV) shows, video games, music, and sports; figures, handbags, backpacks, wallets, apparel, accessories, plush products, homewares, and digital non-fungible tokens; and art prints and vinyl records, posters, soundtracks, toys, books, games, and other collectibles. It markets its products under the Pop!, Loungefly, Funko, Mystery Minis, Bitty Pop!, Funko action figures, Funko Plush, and Funko Soda brand names; and licenses its properties under the classic evergreen, movie release, current TV, and current video game categories. The company sells its products through specialty retailers, mass-market retailers, e-commerce sites, and distributors; and at specialty licensing and comic book shows, conventions, and exhibitions, as well as through its e-commerce business. Funko, Inc. was incorporated in 2017 and is headquartered in Everett, Washington.
Contact Information
2802 Wetmore Avenue, Everett, WA, 98201, United States
425-783-3616
www.funko.com
Market Cap
$176.73M
P/E (TTM)
-2.6
7
Dividend Yield
--
52W High
$14.65
52W Low
$2.22
52W Range
8%
Rank47Top 48.2%
3.8
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.8 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$250.91M-14.30%
4-Quarter Trend

EPS

$0.02-75.73%
4-Quarter Trend

FCF

$3.38M-180.78%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Quarterly Sales Decline Net sales for three months ended September 30, 2025 totaled $250.9M, reflecting a 14.3% decrease versus prior year period.
Net Income Significantly Drops Net income attributable to Funko, Inc. was $0.9M for the quarter, a sharp 79.2% decline compared to $4.3M last year.
Nine Month Net Loss Widens Nine months ended September 30, 2025 resulted in a net loss of $(67.2M), significantly worse than the $(13.2M) loss reported previously.
Cash Position Improves Cash and cash equivalents ended the nine-month period at $39.2M, showing a net increase of $4.5M from December 31, 2024.

Risk Factors

Going Concern Substantial Doubt Substantial doubt exists regarding ability to continue as going concern due to Credit Agreement covenant pressure and refinancing needs.
Debt Maturity/Refinancing Risk Credit Agreement matures September 2026; company forecasts insufficient cash reserves to repay loans, requiring near-term refinancing efforts.
Retail Environment Pressures Global economic uncertainty, tariffs, and retailer inventory management slowed net sales across all distribution channels during the period.
Gross Margin Erosion Nine-month gross margin fell to 37.7% from 41.0% due to increased shipping, freight, duty costs, and inventory reserve impacts.

Outlook

Liquidity Mitigation Plan Management plan focuses on monitoring pricing, shifting manufacturing away from China, and decreasing activity levels to control capital costs.
Strategic Alternatives Review Board initiated formal review of strategic alternatives, including potential sale, to maximize stockholder value and meet covenant requirements.
Raising Additional Capital Expects need to raise additional cash via equity or debt issuance, or amend existing debt arrangements, in the near term.
Internal Control Remediation Ongoing remediation efforts target material weaknesses in income tax and order-to-cash processes; completion expected throughout fiscal 2025.

Peer Comparison

Revenue (TTM)

Designer Brands Inc.DBI
$2.89B
-5.2%
The Children's Place, Inc.PLCE
$1.34B
-12.1%
Fossil Group, Inc.FOSL
$1.07B
-12.9%

Gross Margin (Latest Quarter)

PLBY Group, Inc.PLBY
76.0%
+5.7pp
a.k.a. Brands Holding Corp.AKA
54.8%
-0.0pp
Fossil Group, Inc.FOSL
49.0%
-0.4pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
DBI$412.72M187.40.8%61.9%
FOSL$207.73M-3.0-48.8%139.5%
PLBY$183.93M-7.0-2463.4%8.8%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-5.1%
Growth Under Pressure
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
50%
Cash Flow Needs Attention

Research & Insights

Next earnings:May 6, 2026
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EPS:-
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 6, 2025|
    Revenue: $250.91M-14.3%
    |
    EPS: $0.02-75.7%
    Beat
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 7, 2025|
    Revenue: $193.47M-21.9%
    |
    EPS: $-0.74-853.6%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 8, 2025|
    Revenue: $190.74M-11.6%
    |
    EPS: $-0.52+15.6%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 13, 2025|
    Revenue: $1.05B-4.2%
    |
    EPS: $-0.28+91.2%
    Miss
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 7, 2024|
    Revenue: $292.77M-6.4%
    |
    EPS: $0.08-126.6%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 8, 2024|
    Revenue: $247.66M+3.2%
    |
    EPS: $0.10-106.4%
    Beat
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 9, 2024|
    Revenue: $215.70M-14.4%
    |
    EPS: $-0.45-65.1%
    Miss
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 7, 2024|
    Revenue: $1.10B-17.1%
    |
    EPS: $-3.19-1672.2%
    Miss