---
schema_version: "secwatch.filing_event.v1"
accession: "0001704711-26-000018"
form_type: "8-K"
ticker: "FNKO"
cik: "0001704711"
company_name: "Funko, Inc."
filed_at: "2026-03-12T23:59:59+00:00"
generated_at: "2026-05-15T13:39:31.743779+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Funko Q4 net sales $273.1M, down 7% YoY; FY25 net loss widens to $67.4M; guides FY26 EBITDA $70-80M

## Summary
- Q4 net sales $273.1M (down 7.0% YoY); gross margin 40.9%; adjusted EBITDA $23.3M.
- Full year 2025 net sales $908.2M (down 13.5% YoY); net loss $67.4M vs $14.7M loss in 2024.
- Adjusted EBITDA for 2025 was $26.6M, down from $94.7M in 2024.
- FY 2026 outlook: net sales flat to up 3%, gross margin ~41-43%, adjusted EBITDA $70-80M.
- Inventory reduced to $83.1M; $16M debt paid in Q4; credit agreement amended, maturity extended to Dec 2027.

## SEC filing metadata
- accession: 0001704711-26-000018
- form_type: 8-K
- ticker: FNKO
- cik: 0001704711
- company_name: Funko, Inc.
- filed_at: 2026-03-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1704711/000170471126000018/0001704711-26-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1704711/000170471126000018/fnko-20260312.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001704711-26-000018
- JSON: https://secwatch.observer/filing/0001704711-26-000018.json
- Plain text: https://secwatch.observer/filing/0001704711-26-000018.txt

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