---
schema_version: "secwatch.filing_event.v1"
accession: "0001704711-22-000018"
form_type: "8-K"
ticker: "FNKO"
cik: "0001704711"
company_name: "Funko, Inc."
filed_at: "2022-05-05T23:59:59+00:00"
generated_at: "2026-06-25T23:49:42.626756+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Funko Q1 net sales +63% YoY to $308.3M; raises FY22 guidance to $1.275-1.325B

## Summary
- Net sales $308.3M (+63% YoY); net income $14.5M (+31% YoY); GAAP EPS $0.23, adjusted EPS $0.34.
- Loungefly brand sales surged 103.5% YoY to $50.1M; DTC sales rose 36% on higher conversion.
- Gross margin fell 610 bps to 35.3% due to freight inflation; adjusted EBITDA $36.3M (+21.8% YoY).
- FY 2022 guidance raised: net sales $1.275-1.325B, adjusted EPS $1.80-$1.90, adj. EBITDA margin ~14.6%.
- Q2 gross margin expected down sequentially; SG&A % of sales to increase on distribution center relocation spend.

## SEC filing metadata
- accession: 0001704711-22-000018
- form_type: 8-K
- ticker: FNKO
- cik: 0001704711
- company_name: Funko, Inc.
- filed_at: 2022-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1704711/000170471122000018/0001704711-22-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1704711/000170471122000018/fnko-20220505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001704711-22-000018
- JSON: https://secwatch.observer/filing/0001704711-22-000018.json
- Plain text: https://secwatch.observer/filing/0001704711-22-000018.txt

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