secwatch.observer — SEC 8-K summary
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Issuer:     Funko, Inc. (FNKO)
CIK:        0001704711
Form:       8-K
Filed at:   2026-08-06T20:12:54+00:00
Accession:  0001704711-26-000044
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1704711/000170471126000044/0001704711-26-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1704711/000170471126000044/fnko-20260806.htm
  HTML page:      https://secwatch.observer/filing/0001704711-26-000044

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