secwatch.observer — SEC 8-K summary
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Issuer:     Funko, Inc. (FNKO)
CIK:        0001704711
Form:       8-K
Filed at:   2025-11-06T23:59:59+00:00
Accession:  0001704711-25-000134
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1704711/000170471125000134/0001704711-25-000134-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1704711/000170471125000134/fnko-20251106.htm
  HTML page:      https://secwatch.observer/filing/0001704711-25-000134

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