FNKO
Funko, Inc.3.0300
-0.0300-0.98%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Key Stats
Market Cap
165.87MP/E (TTM)
-Basic EPS (TTM)
-1.26Dividend Yield
0%Recent Filings
8-K
Board swaps Lunsford for Duchscher
Funko replaced board member Michael Lunsford, who resigned effective January 12, 2026, with Reed Duchscher elected as Class II director on the same date. Duchscher, 36, leads Night Inc. in talent management for creators and brands. Board tapped his content industry expertise. New director pay follows existing policy.
8-K
Q3 sales down, margins beat
Funko reported Q3 net sales of $250.9M, down 14.3% from $292.8M, yet gross margin held at 40.2% and Adjusted EBITDA reached $24.4M, beating expectations via tariff mitigation and Bitty Pop! strength. Core collectibles dropped 12%, hit by U.S. tariff disruptions. Q4 outlook sees modest sales growth, ~40% margins, mid-to-high single-digit Adjusted EBITDA margins. Debt climbed to $241M.
10-Q
Q3 FY2025 results
Funko posted Q3 net sales of $250.9M, down 14.3% y/y yet propped up operating income at $6.4M—45.2% below last year—while gross margin held at 40.2%. YTD sales fell 16.0% y/y to $635.1M amid U.S. declines (down 20.1% Q/Q, 22.7% YTD) offset by Europe flatlining; core collectibles dropped 12.0% Q/Q. Cash climbed to $39.2M despite $33.2M operating outflow, but debt ballooned to $241M with revolver maxed at $135M and term loan at $99.7M (maturing Sep 2026, SOFR+4%). Fourth Amendment waived Q2/Q3 covenants yet flags going-concern doubts from tariffs and milestones due Nov 2025/Feb 2026. Covenants loom large.
8-K
Funko amends TCG agreement
Funko amended its Stockholders Agreement with largest shareholder TCG on August 14, 2025, excluding up to $40 million of Class A shares from future at-the-market offerings in the 22% ownership threshold for TCG's consent rights on key actions like stock issuances. This clears the path for ATM sales under its August 7 agreement with BTIG. Board sees it best for stockholders. Consent secured.
8-K
Funko names Netflix exec CEO
Funko appointed Josh Simon, ex-Netflix VP of Global Consumer Products, as CEO and Class II director effective September 1, 2025, succeeding interim CEO Michael Lunsford, who stays on the board. Simon's three-year deal packs $1M base, 100% target bonus, $2.5M annual equity from 2027, plus 1.75M sign-on RSUs with performance hurdles at $8 and $20/share. New boss. Rich package signals board's push for consumer expertise amid turnaround.
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