---
schema_version: "secwatch.filing_event.v1"
accession: "0001704711-26-000034"
form_type: "8-K"
ticker: "FNKO"
cik: "0001704711"
company_name: "Funko, Inc."
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T21:53:24.969004+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Funko Q1 net sales $200.9M (+5% YoY); gross margin 44.2% record; Adj EBITDA $11.3M vs -$4.7M prior year

## Summary
- Net sales $200.9M, up 5% YoY; net loss $18.1M vs $28.1M loss prior year.
- Gross margin 44.2% (highest ever) vs 40.3% prior; Adj EBITDA $11.3M vs -$4.7M.
- Core Collectibles up 16.8% YoY to $168.8M; Loungefly down 23.1% to $27.2M.
- International sales strong: Europe +25.6%, US -3.7%; reiterates FY 2026 outlook.
- Q2 2026 guidance: net sales $195-205M, Adj EBITDA $5-10M.

## SEC filing metadata
- accession: 0001704711-26-000034
- form_type: 8-K
- ticker: FNKO
- cik: 0001704711
- company_name: Funko, Inc.
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1704711/000170471126000034/0001704711-26-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1704711/000170471126000034/fnko-20260507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001704711-26-000034
- JSON: https://secwatch.observer/filing/0001704711-26-000034.json
- Plain text: https://secwatch.observer/filing/0001704711-26-000034.txt

## Source-grounded claims
- claim_id: 284c21e6924ce251ce05aa6139389a803c9796d1
  claim: Funko, Inc. reported 2026 Second Quarter results: revenue Net sales $195 million to $205 million, up 1% to 6% compared with Q2 2025. Guidance initiated.
  evidence_excerpt: 2026 Second Quarter Net sales $195 million to $205 million, up 1% to 6% compared with Q2 2025 Gross margin % ~42% to 44% Adjusted EBITDA* $5 million to $10 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1704711/000170471126000034/0001704711-26-000034-index.htm
- claim_id: 7106b3e9140d6d3d0fef812d658ba4e584fb1969
  claim: Funko, Inc. reported 2026 Full Year results: revenue Net Sales flat to up 3% vs 2025. Guidance reaffirmed.
  evidence_excerpt: Current Outlook 2026 Full Year Net Sales flat to up 3% vs 2025 Gross Margin % ~41% to 43% Adjusted EBITDA* $70 million to $80 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1704711/000170471126000034/0001704711-26-000034-index.htm
- claim_id: c46f540f3479ecd6bda1affa244ad64b04eb3c54
  claim: Funko, Inc. reported First Quarter 2026 results: revenue Net sales were $200.9 million, net income Net loss was $18.1 million, EPS $0.33 per share.
  evidence_excerpt: Net sales were $200.9 million compared with $190.7 million • Gross profit was $88.8 million, equal to gross margin of 44.2%, compared with $76.9 million, equal to gross margin of 40.3% • SG&A expenses were $83.7 million compared with $84.8 million • Net loss was $18.1 million, or $0.33 per share, compared with $28.1 million, or $0.52 per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1704711/000170471126000034/0001704711-26-000034-index.htm

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