secwatch.observer — SEC 8-K summary
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Issuer:     Funko, Inc. (FNKO)
CIK:        0001704711
Form:       8-K
Filed at:   2025-08-07T23:59:59+00:00
Accession:  0001704711-25-000118
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1704711/000170471125000118/0001704711-25-000118-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1704711/000170471125000118/fnko-20250807.htm
  HTML page:      https://secwatch.observer/filing/0001704711-25-000118

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