secwatch.observer — SEC 8-K summary
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Issuer:     Funko, Inc. (FNKO)
CIK:        0001704711
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0001704711-25-000072
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Funko Q1 net sales $190.7M, down 11.6% YoY; withdraws FY2025 outlook on tariff uncertainty
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- Net sales $190.7M (down 11.6% YoY from $215.7M); net loss $28.1M vs $23.7M loss last year.
- Adjusted EBITDA negative $4.7M vs positive $9.6M; adjusted net loss $17.8M ($0.33/share).
- Withdrew FY2025 outlook due to tariff uncertainty; targets ~5% China sourcing for US-bound product by year-end.
- US sales fell 16.7%, Europe flat; inventory $87.7M, total debt $202.2M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1704711/000170471125000072/0001704711-25-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1704711/000170471125000072/fnko-20250508.htm
  HTML page:      https://secwatch.observer/filing/0001704711-25-000072

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer