---
schema_version: "secwatch.filing_event.v1"
accession: "0001704711-22-000028"
form_type: "8-K"
ticker: "FNKO"
cik: "0001704711"
company_name: "Funko, Inc."
filed_at: "2022-08-04T23:59:59+00:00"
generated_at: "2026-06-24T04:16:44.524394+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Funko Q2 net sales up 33.7% to $315.7M; net income down 24.6%; margins shrink

## Summary
- Net sales $315.7M (+33.7% YoY); net income $15.8M (-24.6%); Adjusted EBITDA $31.8M (-22.7%).
- Gross margin fell 640bps to 32.7% on higher freight costs; SG&A up 50.7% to $82.7M.
- Loungefly sales record $70M (+114%); direct-to-consumer +26%; acquired collectible firm Mondo.
- Full-year guidance: net sales $1.30-1.35B, Adj. EBITDA margin ~14.6%, Adj. EPS $1.88-1.99.
- Inventories surged 170.9% to $234M; total liquidity down 49.4% to $86.2M.

## SEC filing metadata
- accession: 0001704711-22-000028
- form_type: 8-K
- ticker: FNKO
- cik: 0001704711
- company_name: Funko, Inc.
- filed_at: 2022-08-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1704711/000170471122000028/0001704711-22-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1704711/000170471122000028/fnko-20220804.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001704711-22-000028
- JSON: https://secwatch.observer/filing/0001704711-22-000028.json
- Plain text: https://secwatch.observer/filing/0001704711-22-000028.txt

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