Funko Q2 net sales up 7% to $207.7M; record gross margin 56.6%; raises FY adjusted EBITDA guidance to $100-110M

Funko, Inc.

Q2 net sales $207.7M (+7% YoY); net income $15.4M ($0.27 diluted) vs net loss $40.5M last year.
Gross margin 56.6% (record), including $25.4M pre-tax benefit from tariff refunds; adjusted EBITDA $40.9M vs negative $16.5M.
Core Collectibles sales up 9% to $171.6M; Europe sales up 19.4%; Loungefly down 1.7%.
Total debt reduced to $201.1M from $225.3M at Dec 2025; debt reduced by $15M in Q2.
FY 2026 guidance: net sales flat to up 3% (reiterated); adjusted EBITDA raised to $100-110M (from $70-80M); Q3 adj. EBITDA guidance $25-30M.

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