---
schema_version: "secwatch.filing_event.v1"
accession: "0001704711-24-000011"
form_type: "8-K"
ticker: "FNKO"
cik: "0001704711"
company_name: "Funko, Inc."
filed_at: "2024-03-07T23:59:59+00:00"
generated_at: "2026-06-05T01:39:56.366508+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Funko posts Q4 net loss $10.8M, sales down 12.6% YoY; CFO leaves March 15

## Summary
- Q4 net sales $291.2M (-12.6% YoY); gross margin 37.6% vs 28.3% a year ago.
- Q4 net loss $10.8M ($0.21/sh) vs loss $42.2M ($0.89/sh) prior year.
- Adjusted Q4 EBITDA $23.5M vs negative $6.3M; FY2024 adjusted EBITDA guidance $65M-$85M.
- CFO/COO Steve Nave resigns effective March 15, 2024; Yves LePendeven named Acting CFO.
- Inventory slashed to $119.5M from $246.4M; debt reduced $26M in Q4.

## SEC filing metadata
- accession: 0001704711-24-000011
- form_type: 8-K
- ticker: FNKO
- cik: 0001704711
- company_name: Funko, Inc.
- filed_at: 2024-03-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1704711/000170471124000011/0001704711-24-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1704711/000170471124000011/fnko-20240307.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001704711-24-000011
- JSON: https://secwatch.observer/filing/0001704711-24-000011.json
- Plain text: https://secwatch.observer/filing/0001704711-24-000011.txt

## Key facts
- Earnings Releases
  Funko, Inc. updated its the quarter and fiscal year ended December 31, 2023 guidance (initiated).
  - Period: the quarter and fiscal year ended December 31, 2023
  - Guidance: initiated
  - Result: reported results
  source text: On March 7, 2024 , Funko, Inc. (the “Company”) announced its financial results for the quarter and fiscal year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1704711/000170471124000011/0001704711-24-000011-index.htm
- Executive change
  Yves LePendeven was appointed as Acting Chief Financial Officer at Funko, Inc..
  - Action: appointed
  - Role: Acting Chief Financial Officer
  source text: Also on March 6, 2024, the Company’s Board of Directors (the “Board”) appointed Yves LePendeven as the Company’s Acting Chief Financial Officer and designated him as the Company’s principal financial officer and principal accounting officer, in each case effective as of the Effective Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1704711/000170471124000011/0001704711-24-000011-index.htm
- Executive change
  Steve Nave resigned as Chief Financial Officer and Chief Operating Officer at Funko, Inc..
  - Action: resigned
  - Role: Chief Financial Officer and Chief Operating Officer
  source text: On March 6, 2024, Steve Nave resigned as Chief Financial Officer and Chief Operating Officer of Funko, Inc. (the “Company”), effective March 15, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1704711/000170471124000011/0001704711-24-000011-index.htm

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