Funko is facing significant challenges due to declines in net sales, gross profit, and liquidity issues, largely attributed to tariff disruptions. However, they remain optimistic about improved performance in the second half of 2025, driven by international growth and implemented cost mitigation strategies.

Company Guidance

During Funko's 2025 second quarter financial results conference call, the company provided guidance amid challenging economic conditions. Total net sales for Q2 were $193.5 million, marking a 22% decline year-over-year, primarily due to disruptions from U.S. tariff policies. Gross profit was $62 million with a gross margin of 32.1%, down from last year's Q2 gross margin of 42%. SG&A expenses increased to $82.3 million from $77.9 million, and the adjusted net loss was $26.7 million. The company reported a negative adjusted EBITDA of $16.5 million. Despite these challenges, Funko anticipates improved performance in the second half of 2025, with net sales expected to decrease by high single digits compared to the second half of 2024 and adjusted EBITDA margins anticipated to be in the mid- to high single digits. The company is taking steps to mitigate tariff impacts by shifting production to countries like Vietnam and implementing price increases, while also focusing on refinancing their debt due in 2026.

Improved Second Half Performance Expected

Funko expects performance to improve in the second half of 2025 compared to the first half, with net sales down only in the high single digits and adjusted EBITDA margins in the mid- to high single digits.

International Business Growth

Funko's international business, which accounts for more than one-third of sales, showed 18% POS sales growth in the first half of the year and 28% in Q2.

Tariff Mitigation Plan Implementation

Funko implemented a tariff mitigation plan that includes price increases, production shifts out of China, and SG&A reductions, estimating the incremental duties and tariff costs in 2025 to be $40 million, down from an earlier estimate of $45 million.

Funko (FNKO) Earnings, Revenues Date & History

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FNKO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	-0.07 / -	0.14	―	―	―
Aug 07, 2025	2025 (Q2)	-0.39 / -0.48	0.1	-580.00% (-0.58)
May 08, 2025	2025 (Q1)	-0.43 / -0.33	-0.17	-94.12% (-0.16)	―
Mar 06, 2025	2024 (Q4)	0.00 / 0.08	0.01	700.00% (+0.07)	―
Nov 07, 2024	2024 (Q3)	0.04 / 0.14	0.03	366.67% (+0.11)	―
Aug 08, 2024	2024 (Q2)	-0.16 / 0.10	-0.43	123.26% (+0.53)	―
May 09, 2024	2024 (Q1)	-0.29 / -0.17	-0.49	65.31% (+0.32)	―
Mar 07, 2024	2023 (Q4)	-0.02 / 0.01	-0.35	102.86% (+0.36)
Nov 02, 2023	2023 (Q3)	-0.05 / 0.03	0.28	-89.29% (-0.25)
Aug 03, 2023	2023 (Q2)	-0.41 / -0.43	0.26	-265.38% (-0.69)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

FNKO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$3.66	$2.46	-32.79%
May 08, 2025	$4.20	$3.51	-16.43%
Mar 06, 2025	$10.37	$8.96	-13.60%
Nov 07, 2024	$12.22	$11.18	-8.51%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.