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Funko
(NASDAQ:FNKO)
Funko (FNKO) vs. SPDR S&P 500 ETF (SPY)
Funko Business Overview & Revenue Model
Funko Earnings Call Summary
Funko Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 970.70M | 1.05B | 1.10B | 1.32B | 1.03B | 652.54M |
| Gross Profit | 368.60M | 434.53M | 333.00M | 434.02M | 380.99M | 249.15M |
| EBITDA | 17.61M | 72.65M | 55.79M | 34.96M | 136.66M | 67.91M |
| Net Income | -65.25M | -14.72M | -154.08M | -8.04M | 43.90M | 3.96M |
Balance Sheet | ||||||
| Total Assets | 694.91M | 707.25M | 804.64M | 1.09B | 967.50M | 763.59M |
| Cash, Cash Equivalents and Short-Term Investments | 49.15M | 34.66M | 36.45M | 19.20M | 83.56M | 52.26M |
| Total Debt | 331.22M | 260.31M | 362.35M | 347.08M | 238.63M | 262.12M |
| Total Liabilities | 513.74M | 470.90M | 566.61M | 701.46M | 570.95M | 441.14M |
| Stockholders Equity | 181.17M | 233.02M | 231.94M | 368.22M | 321.64M | 242.27M |
Cash Flow | ||||||
| Free Cash Flow | -17.05M | 90.73M | -4.20M | -99.28M | 59.60M | 88.76M |
| Operating Cash Flow | 18.69M | 123.52M | 30.93M | -40.13M | 87.36M | 107.24M |
| Investing Cash Flow | -34.48M | -25.23M | -39.80M | -78.06M | -27.38M | -18.48M |
| Financing Cash Flow | 23.71M | -99.24M | 25.60M | 54.64M | -28.63M | -61.84M |
Funko Technical Analysis
Funko Risk Analysis
Funko Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $5.89B | 11.79 | 25.39% | ― | -1.72% | 70.21% | |
70 Neutral | $180.83M | 14.66 | 7.66% | 4.58% | -6.65% | 8.79% | |
67 Neutral | $202.20M | 5.48 | 17.82% | 2.76% | 1.31% | 23.14% | |
67 Neutral | $428.56M | ― | -8.33% | 3.16% | -3.56% | -407.47% | |
61 Neutral | $17.75B | 12.51 | -5.49% | 3.06% | 1.43% | -14.10% | |
61 Neutral | $11.48B | 25.59 | -81.67% | 3.43% | -6.42% | 45.85% | |
44 Neutral | $168.31M | ― | -32.24% | ― | -9.07% | -38.09% |
Funko Corporate Events
On August 14, 2025, Funko, Inc. amended its Stockholders Agreement with its largest stockholder, TCG Fuji 3.0, LP, to adjust the conditions under which TCG retains certain consent rights. The amendment allows TCG to exclude up to $40 million of shares issued in at-the-market offerings from the 22% beneficial ownership threshold, potentially impacting future capital stock issuances.
On August 11, 2025, Funko, Inc. announced the appointment of Josh Simon as the new Chief Executive Officer and a Class II director, effective September 1, 2025. Simon, who previously held a leadership role at Netflix, brings extensive experience in global consumer products and strategy. His appointment is accompanied by a comprehensive employment agreement that includes a significant compensation package and equity awards, reflecting the company’s strategic focus on strengthening its leadership and market position.
Funko, Inc. has released its consolidated financial statements for the years ending December 31, 2024, 2023, and 2022, revealing material weaknesses in its internal control over financial reporting as of December 31, 2024. The company faces substantial doubt about its ability to continue as a going concern due to adverse effects on net sales, margins, and profitability, exacerbated by tariffs. Additionally, Funko changed its accounting principle regarding crypto asset safeguarding in 2024.
Funko reported a challenging second quarter for 2025, with net sales dropping to $193.5 million from $247.7 million in the same period in 2024. The company experienced a net loss of $41.0 million, attributed to a dynamic and uncertain tariff environment. Despite these setbacks, Funko remains optimistic about the second half of 2025, expecting financial improvements through cost-cutting measures, diversified product sourcing, and price adjustments. The company aims to stabilize its business and enhance growth initiatives, anticipating a better performance in the latter half of the year.
On August 4, 2025, Funko, Inc. announced cash retention bonuses for its Chief Financial Officer, Yves Le Pendeven, and Chief Legal Officer, Tracy Daw, amounting to $300,000 and $150,000 respectively. These bonuses are contingent upon continued employment through March 31, 2026, with provisions for earlier payment under specific termination conditions, reflecting the company’s strategy to retain key executives.
On July 16, 2025, Funko Acquisition Holdings, L.L.C., a subsidiary of Funko, Inc., and its domestic subsidiaries entered into a Fourth Amendment with JPMorgan Chase Bank, N.A. and certain lenders to amend their existing credit agreement. The amendment includes waivers for financial covenants for specific fiscal quarters, a reduction in revolving commitments, an increase in loan margins, and modifications to financial reporting and covenant obligations. These changes are likely to impact Funko’s financial flexibility and operational strategies, potentially affecting its market positioning and stakeholder interests.
On July 2, 2025, Funko, Inc. announced a leadership change as Cynthia Williams transitioned from her role as Chief Executive Officer, effective July 5, 2025. Michael Lunsford was appointed as the Interim CEO while also remaining a director of the company. This leadership transition may impact the company’s strategic direction and stakeholder relations.
On June 12, 2025, Funko, Inc. held its Annual Meeting of Stockholders, where approximately 85.77% of the company’s outstanding common stock was represented. During the meeting, Trevor Edwards, Michael Lunsford, and Cynthia Williams were elected as Class II directors, and the stockholders approved the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2025, as well as the compensation of the company’s named executive officers.