---
schema_version: "secwatch.filing_event.v1"
accession: "0001704711-23-000034"
form_type: "8-K"
ticker: "FNKO"
cik: "0001704711"
company_name: "Funko, Inc."
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T08:44:10.905286+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Funko Q2 net sales -24% to $240M, net loss $75.9M; cuts full-year guidance

## Summary
- Net sales $240.0M (-24% YoY); net loss $75.9M ($1.54/share) includes $38.5M non-cash charge.
- Adjusted net loss $22.3M ($0.43) vs prior-year adjusted net income $14.0M; adjusted EBITDA -$7.6M.
- FY 2023 guidance cut: net sales $1.05-1.12B (prev. $1.19-1.26B); adj. EBITDA $20-30M (prev. $65-75M).
- Cost savings plan expanded: $38M incremental annual savings; workforce cut ~12% (180 positions).
- CEO transition: Brian Mariotti on leave; board member Michael Lunsford interim CEO; search commenced.

## SEC filing metadata
- accession: 0001704711-23-000034
- form_type: 8-K
- ticker: FNKO
- cik: 0001704711
- company_name: Funko, Inc.
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1704711/000170471123000034/0001704711-23-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1704711/000170471123000034/fnko-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001704711-23-000034
- JSON: https://secwatch.observer/filing/0001704711-23-000034.json
- Plain text: https://secwatch.observer/filing/0001704711-23-000034.txt

## Key facts
- Earnings Releases
  Funko, Inc. reported second quarter ended June 30, 2023 results: revenue $240.0 million, net income Net loss was $75.9 million, or $1.54 per share, EPS $1.54 per share. Guidance lowered.
  - Period: second quarter ended June 30, 2023
  - Revenue: $240.0 million
  - Net income: Net loss was $75.9 million, or $1.54 per share
  - EPS: $1.54 per share
  - Guidance: lowered
  - Result: reported results
  source text: brand, today reported consolidated financial results for its second quarter ended June 30, 2023. Second Quarter Financial Results Summary: 2023 vs 2022 • Net sales were $240.0 million for the 2023 second quarter versus $315.7 million for the 2022 second quarter • Gross margin was 29.2% for the 2023 second quarter versus 32.7% for the 2022 second quarter • SG&A
  evidence_url: https://www.sec.gov/Archives/edgar/data/1704711/000170471123000034/0001704711-23-000034-index.htm

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