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Funko ( (FNKO) ) just unveiled an announcement.
On February 13, 2026, Funko Acquisition Holdings, a subsidiary of Funko, Inc., and its key domestic subsidiaries executed a fifth amendment to their senior credit agreement with a lender group led by JPMorgan Chase, extending the loan maturity from September 17, 2026 to December 31, 2027. The amendment also revises financial covenants by temporarily waiving certain fixed charge coverage and net leverage tests for fiscal quarters spanning late 2025 through late 2026, easing fixed charge coverage requirements through early 2027, adding a minimum EBITDA test for the six months ending June 30, 2026, and allowing the company, under specified conditions, to skip some covenant tests if it prepays at least $10 million of loans in advance.
The revised facility removes a 10 basis point credit spread adjustment on SOFR loans but increases the applicable margin on all outstanding loans to 450 basis points effective at closing, with further step-ups to follow under the amended terms. It also tightens lender protections by altering term loan amortization, imposing amortization and quarterly mandatory prepayments on revolving borrowings tied to excess cash above $50 million, permanently reducing revolver commitments with each such payment, and expanding reporting duties, affirmative covenants and events of default, signaling both enhanced lender oversight and a more demanding, though extended, financing framework for Funko.
The most recent analyst rating on (FNKO) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on Funko stock, see the FNKO Stock Forecast page.
Spark’s Take on FNKO Stock
According to Spark, TipRanks’ AI Analyst, FNKO is a Neutral.
The score is held down primarily by weak financial performance (declining revenue, negative margins, deteriorating free cash flow, and high leverage). Technicals provide some offset via positive momentum and price strength versus moving averages, but elevated RSI suggests the move may be stretched. Valuation is hard to support with a negative P/E driven by losses, while the earnings call offers only a modestly positive outlook amid meaningful debt and demand risks.
To see Spark’s full report on FNKO stock, click here.
More about Funko
Funko, Inc. operates in the consumer products and collectibles industry, primarily designing, sourcing and selling licensed pop-culture merchandise through its Funko Acquisition Holdings subsidiary and other units. The company focuses on leveraging credit facilities with major financial institutions to support its operations and capital structure in the U.S. market.
Average Trading Volume: 866,461
Technical Sentiment Signal: Hold
Current Market Cap: $214.4M
See more insights into FNKO stock on TipRanks’ Stock Analysis page.