---
schema_version: "secwatch.filing_event.v1"
accession: "0001704711-22-000034"
form_type: "8-K"
ticker: "FNKO"
cik: "0001704711"
company_name: "Funko, Inc."
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T09:28:47.782082+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Funko Q3 net sales +36.6% but net income -39.3%; adj. EBITDA margin down to 9.8%

## Summary
- Net sales $365.6M (+36.6% YoY); gross margin 35.0% (-100 bps); net income $11.1M (-39.3%).
- Adjusted EBITDA $35.7M (-11.2%); adjusted EBITDA margin 9.8% (-520 bps).
- Cash flow from operations -$64.7M for nine months; inventories $265.8M (+88.7% YoY).
- Total liquidity $150.1M (down 22.4%); total debt $250.2M (+40.9%).
- FY2022 outlook: net sales $1.29-1.33B; adj. EPS $0.85-0.95; adj. EBITDA margin high single digits.

## SEC filing metadata
- accession: 0001704711-22-000034
- form_type: 8-K
- ticker: FNKO
- cik: 0001704711
- company_name: Funko, Inc.
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1704711/000170471122000034/0001704711-22-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1704711/000170471122000034/fnko-20221103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001704711-22-000034
- JSON: https://secwatch.observer/filing/0001704711-22-000034.json
- Plain text: https://secwatch.observer/filing/0001704711-22-000034.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.
  - Period: the third quarter ended September 30, 2022
  - Revenue: $365.6 million
  - Net income: $11.1 million
  - Result: reported results
  source text: The information contained in the website cited in the Press Release is not incorporated herein. --- EX-99.1 (EX-99.1) --- Funko Reports Record Third Quarter 2022 Sales of $365.6 million, Up 36.6% Sustained Growth Driven by Broad-Based Strength Across Reported Brand Categories, Channels, and Geographies EVERETT, Wash. November 3, 2022 -- Funko, Inc. ("Funko,” or
  evidence_url: https://www.sec.gov/Archives/edgar/data/1704711/000170471122000034/0001704711-22-000034-index.htm

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