---
schema_version: "secwatch.filing_event.v1"
accession: "0001704711-25-000118"
form_type: "8-K"
ticker: "FNKO"
cik: "0001704711"
company_name: "Funko, Inc."
filed_at: "2025-08-07T23:59:59+00:00"
generated_at: "2026-05-17T17:51:50.432039+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Funko Q2 net loss $41M, revenue down 22% YoY; expects H2 improvement

## Summary
- Net sales $193.5M, down 21.9% YoY; net loss $41.0M ($0.74/share) vs net income $5.4M.
- Adjusted net loss $26.7M ($0.48/share); negative adjusted EBITDA $16.5M vs positive $27.9M.
- Gross margin fell to 32.1% from 42.0%; Core Collectible -15.7%, Loungefly -23.2%, Other -78.7%.
- Total debt rose to $256.6M from $182.8M; inventory $101.3M vs $92.6M year-end.
- H2 outlook: net sales down high single-digits vs H2 2024; EBITDA margin mid- to high single-digits.

## SEC filing metadata
- accession: 0001704711-25-000118
- form_type: 8-K
- ticker: FNKO
- cik: 0001704711
- company_name: Funko, Inc.
- filed_at: 2025-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1704711/000170471125000118/0001704711-25-000118-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1704711/000170471125000118/fnko-20250807.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001704711-25-000118
- JSON: https://secwatch.observer/filing/0001704711-25-000118.json
- Plain text: https://secwatch.observer/filing/0001704711-25-000118.txt

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