---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-279232"
form_type: "8-K/A"
ticker: "FNKO"
cik: "0001704711"
company_name: "Funko, Inc."
filed_at: "2022-11-07T23:59:59+00:00"
generated_at: "2026-06-22T05:35:38.885996+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Funko cuts FY2022 adjusted EPS outlook to $0.70-$0.80 from $0.85-$0.95; Q3 sales up 36.6% but profits fall

## Summary
- FY2022 Adjusted Net Income guidance lowered to $39-$41M from $47-$49M; Adjusted EPS now $0.70-$0.80 vs prior $0.85-$0.95.
- Q3 net sales $365.6M (+36.6% YoY), but net income down 39.3% to $11.1M; adjusted EBITDA fell 11.2% to $35.7M.
- Gross margin contracted 100 bps to 35.0%; SG&A expenses rose 63.5% to $97.9M, pressured by infrastructure investments.
- Inventory surged 88.7% to $265.8M; company expects sequential improvement in Q4.
- Total liquidity $150.1M, down 22.4% YoY; total debt increased 40.9% to $250.2M.

## SEC filing metadata
- accession: 0001193125-22-279232
- form_type: 8-K/A
- ticker: FNKO
- cik: 0001704711
- company_name: Funko, Inc.
- filed_at: 2022-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1704711/000119312522279232/0001193125-22-279232-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1704711/000119312522279232/d375187d8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-279232
- JSON: https://secwatch.observer/filing/0001193125-22-279232.json
- Plain text: https://secwatch.observer/filing/0001193125-22-279232.txt

## Key facts
- Earnings Releases
  Funko, Inc. reported the third quarter ended September 30, 2022 results: revenue $365.6 million, net income $11.1 million. Guidance lowered.
  - Period: the third quarter ended September 30, 2022
  - Revenue: $365.6 million
  - Net income: $11.1 million
  - Guidance: lowered
  - Result: reported results
  source text: Net sales increased 36.6% to $365.6 million • Gross profit increased 32.6% to $127.9 million • Gross margin 1 contracted 100 basis points to 35.0% • Net income decreased 39.3% to $11.1 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1704711/000119312522279232/0001193125-22-279232-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.