---
schema_version: "secwatch.filing_event.v1"
accession: "0001704711-25-000134"
form_type: "8-K"
ticker: "FNKO"
cik: "0001704711"
company_name: "Funko, Inc."
filed_at: "2025-11-06T23:59:59+00:00"
generated_at: "2026-05-16T23:48:46.692451+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Funko Q3 net sales down 14.3% to $250.9M; net income drops to $0.9M

## Summary
- Net sales $250.9M (down 14.3% YoY); net income $0.9M vs $4.6M; diluted EPS $0.02.
- Gross margin 40.2% (down 70 bps) but exceeded expectations; adjusted EBITDA $24.4M vs $31.0M.
- Core Collectible sales fell 12% to $200.4M; Loungefly down 5.5% to $44.7M.
- U.S. sales down 20.1% to $155.4M; international relatively stable.
- Q4 outlook: net sales to increase modestly from Q3; gross margin ~40%; adjusted EBITDA margin mid-to-high single digits.

## SEC filing metadata
- accession: 0001704711-25-000134
- form_type: 8-K
- ticker: FNKO
- cik: 0001704711
- company_name: Funko, Inc.
- filed_at: 2025-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1704711/000170471125000134/0001704711-25-000134-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1704711/000170471125000134/fnko-20251106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001704711-25-000134
- JSON: https://secwatch.observer/filing/0001704711-25-000134.json
- Plain text: https://secwatch.observer/filing/0001704711-25-000134.txt

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