secwatch.observer — SEC 8-K summary
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Issuer:     Funko, Inc. (FNKO)
CIK:        0001704711
Form:       8-K
Filed at:   2026-03-12T23:59:59+00:00
Accession:  0001704711-26-000018
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1704711/000170471126000018/0001704711-26-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1704711/000170471126000018/fnko-20260312.htm
  HTML page:      https://secwatch.observer/filing/0001704711-26-000018

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