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Funko Posts Weak 2025 Results Amid Gradual Operational Improvement

Story Highlights
  • Funko’s Q4 2025 results showed lower sales but improved cost control and margins, narrowing its net loss.
  • Full-year 2025 performance weakened significantly, yet balance sheet actions and franchise strength aim to support a 2026 recovery.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Funko Posts Weak 2025 Results Amid Gradual Operational Improvement

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An update from Funko ( (FNKO) ) is now available.

On March 12, 2026, Funko reported fourth-quarter and full-year 2025 results showing continued pressure on sales and profitability but some operational improvement late in the year. Fourth-quarter 2025 net sales fell 7% year over year to $273.1 million, while gross margin slipped to 40.9%; however, the company narrowed its net loss to $0.2 million, cut SG&A expenses, and delivered adjusted EBITDA of $23.3 million at the high end of expectations.

For full-year 2025, net sales declined to $908.2 million from $1.05 billion and net loss widened sharply to $67.4 million, with adjusted EBITDA dropping to $26.6 million from $94.7 million, underscoring the earnings challenge despite reductions in inventories and SG&A. Management highlighted strong demand for entertainment-driven franchises such as KPop Demon Hunters, Stranger Things and Bitty Pop!, noted a $16 million debt paydown in the fourth quarter and a credit agreement amendment extending maturities to the end of 2027, moves that aim to bolster financial flexibility as the company pursues its “Make Culture POP!” strategy and seeks to restore growth and margins in 2026.

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., based in Everett, Wash., is a leading pop culture and collectibles brand best known for its core collectible figurines and related products, including its Bitty Pop! franchise. The company also markets accessories under the Loungefly label and increasingly focuses on global fan engagement, with recent initiatives such as the Pop! Yourself launch in Europe and products tied to major entertainment properties.

Average Trading Volume: 1,033,769

Technical Sentiment Signal: Sell

Current Market Cap: $249M

Find detailed analytics on FNKO stock on TipRanks’ Stock Analysis page.

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