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.
“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”
Earnings Releases
Funko, Inc. reported 2026 Full Year results: revenue Net Sales flat to up 3% vs 2025. Guidance reaffirmed.
“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”
Earnings Releases
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.
“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”
Earnings Releases
Funko, Inc. reported the fiscal year ended December 31, 2025 results: revenue $908.2 million, net income $67.4 million, EPS $1.24 per share. Guidance initiated.
“Full-Year Financial Results Summary: 2025 vs 2024 • Net sales were $908.2 million compared with $1.05 billion • Gross profit was $351.3 million, equal to gross margin of 38.7%. This compares with $434.5 million, equal to gross margin of 41.4% • SG&A expenses were $337.7 million compared with $359.0 million • Net loss was $67.4 million , or $1.24 per share, compared with $14.7 million , or $0.28 per share”
Earnings Releases
Funko, Inc. reported the fourth quarter ended December 31, 2025 results: revenue $273.1 million, net income $0.2 million, EPS $0.00 per share. Guidance initiated.
“Net sales were $273.1 million compared with $293.7 million • Gross profit was $111.6 million, equal to gross margin of 40.9%, compared with $124.4 million, equal to gross margin of 42.4% • SG&A expenses were $90.9 million compared with $102.8 million • Net loss was $0.2 million , or $0.00 per share, compared with $1.5 million , or $0.03 per share”
Material Agreements
Funko, Inc. amended Fifth Amendment with JPMorgan Chase Bank, N.A. (effective 2026-02-13).
“On February 13, 2026, Funko Acquisition Holdings, L.L.C. (the “Company”), a subsidiary of Funko, Inc., and certain of the Company’s material domestic subsidiaries (collectively, the “Credit Agreement Parties”) entered into an amendment (the “Fifth Amendment”) with the lenders party to the Existing Credit Agreement (as defined below) and JPMorgan Chase Bank, N.A. as administrative agent (“JPM”).”
Debt Financings
Funko, Inc. amended revolving credit of $135.0 million to $125.0 million maturing December 31, 2025.
“quarters ended June 30, 2025 and ending September 30, 2025; (ii) permanently reducing the revolving commitments under the Existing Credit Agreement (x) from $150.0 million to $135.0 million as of the effective date of the Fourth Amendment and (y) from $135.0 million to $125.0 million as of December 31, 2025; (iii) increasing the applicable margin on all outstanding”
Debt Financings
Funko, Inc. amended revolving credit of $150.0 million.
“permanently reducing the revolving commitments under the Existing Credit Agreement (x) from $150.0 million to $135.0 million as of the effective date of the Fourth Amendment”
Debt Financings
Funko, Inc. amended credit facility with JPMorgan Chase Bank, N.A. as administrative agent at increasing the applicable margin on all outstanding loans to 400 basis points.
“The Fourth Amendment amends the Credit Agreement, dated as of September 17, 2021 and previously amended on April 26, 2022, July 29, 2022 and February 28, 2023”
Earnings Releases
Funko, Inc. reported 2024 full year results: revenue $1.047 billion to $1.103 billion. Guidance reaffirmed.
“Based on its current outlook, the company reiterated its 2024 full-year outlook and provided guidance for its 2024 second quarter, as follows: Current Outlook 2024 Full Year Net Sales $1.047 billion to $1.103 billion Adjusted EBITDA* $65 million to $85 million”
Earnings Releases
Funko, Inc. reported first quarter ended March 31, 2024 results: net income $23.7 million, EPS $0.45 per share.
“Net sales were $215.7 million compared with $251.9 million”
Andrew Perlmutter resigned as Class II Director at Funko, Inc..
“Andrew Perlmutter resigned as a Class II director of the Company, effective on the Effective Date.”
Michael Lunsford changed role as Interim Chief Executive Officer at Funko, Inc..
“Ms. Williams succeeds Michael Lunsford, the Company’s Interim Chief Executive Officer.”
Cynthia Williams was appointed as Class II Director at Funko, Inc..
“On May 8, 2024, following a search process, the Board of Directors (the “Board”) of the Company appointed Cynthia Williams as the Company’s Chief Executive Officer and a Class II director, in each case effective May 20, 2024 (the “Effective Date”).”
Cynthia Williams was appointed as Chief Executive Officer at Funko, Inc..
“On May 8, 2024, following a search process, the Board of Directors (the “Board”) of the Company appointed Cynthia Williams as the Company’s Chief Executive Officer and a Class II director, in each case effective May 20, 2024 (the “Effective Date”).”
Auditor Changes
Funko, Inc. engaged PricewaterhouseCoopers LLP as its auditor.
“the Committee approved the engagement of PricewaterhouseCoopers LLP (“PwC”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024, effective upon the filing of the Company’s quarterly report on Form 10-Q for the quarter ended March 31, 2024”
Auditor Changes
Funko, Inc. dismissed Ernst & Young LLP as its auditor.
“On April 11, 2024, the Company notified and dismissed Ernst & Young LLP (“EY”) as the Company’s independent registered public accounting firm, effective upon the 10-Q Filing”
Auditor Changes
Funko, Inc. engaged PricewaterhouseCoopers LLP as its auditor.
“on April 11, 2024, the Committee approved the engagement of PricewaterhouseCoopers LLP (“PwC”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024”
Auditor Changes
Funko, Inc. dismissed Ernst & Young LLP as its auditor.
“On April 11, 2024, the Company notified and dismissed Ernst & Young LLP (“EY”) as the Company’s independent registered public accounting firm, effective upon the 10-Q Filing”
Earnings Releases
Funko, Inc. updated its the quarter and fiscal year ended December 31, 2023 guidance (initiated).
“On March 7, 2024 , Funko, Inc. (the “Company”) announced its financial results for the quarter and fiscal year ended December 31, 2023.”
Yves LePendeven was appointed as Acting Chief Financial Officer at Funko, Inc..
“Also on March 6, 2024, the Company’s Board of Directors (the “Board”) appointed Yves LePendeven as the Company’s Acting Chief Financial Officer and designated him as the Company’s principal financial officer and principal accounting officer, in each case effective as of the Effective Date.”
Steve Nave resigned as Chief Financial Officer and Chief Operating Officer at Funko, Inc..
“On March 6, 2024, Steve Nave resigned as Chief Financial Officer and Chief Operating Officer of Funko, Inc. (the “Company”), effective March 15, 2024.”
Andrew Perlmutter resigned as President at Funko, Inc..
“On February 12, 2024, Andrew Perlmutter, the President of Funko, Inc. (the “Company”) tendered his resignation as President, to be effective March 31, 2024.”
Governance Changes
Funko, Inc.: Amended and Restated Bylaws adopted to address universal proxy rules, update stockholder proposal disclosure, add exclusive federal forum provision, and make technical updates (effective 2023-12-22).
“On December 22, 2023, the Board of Directors (the “ Board ”) of Funko, Inc., a Delaware corporation (the “ Company ”) approved and adopted the Company’s Amended and Restated Bylaws (the “ Amended and Restated Bylaws ”), which became effective the same day.”
Earnings Releases
Funko, Inc. reported third quarter ended September 30, 2023 results: revenue $312.9 million, net income $15.0 million, EPS $0.31 per share.
“Net sales were $312.9 million for the 2023 third quarter versus $365.6 million for the 2022 third quarter • Gross profit was $104.0 million, equal to gross margin of 33.2%, for the 2023 third quarter, which included $6.4 million of charges related to factory purchase order cancellations, versus 35.0% for the 2022 third quarter • SG&A expenses were $94.0 million for the 2023 third quarter, which included $9.9 million of one-time expenses comprised of $6.2 million primarily related to the termination of a lease agreement and $3.7 million for severance and related charges. This compares with $97.9 million for the 2022 third quarter, which included $1.1 million of one-time relocation costs in connection with the opening of a new warehouse and distribution facility in Buckeye, Arizona • Net loss was $15.0 million, or $0.31 per share, for the 2023 third quarter, versus net income of $9.6 million, or $0.19 per diluted share, for the 2022 third quarter”
Michael Kerns was elected as Director at Funko, Inc..
“On November 1, 2023, Michael Kerns was elected to the Board to fill the vacancy created by Mr. Paul’s resignation, effective November 2, 2023.”
Richard A. Paul resigned as Director at Funko, Inc..
“On November 1, 2023, Richard A. Paul resigned as a member of the Company’s Board of Directors (the “Board”), effective November 2, 2023.”
Earnings Releases
Funko, Inc. reported second quarter ended June 30, 2023 results: revenue $240.0 million, net income Net loss was $75.9 million, or $1.54 per share, EPS $1.54 per share. Guidance lowered.
“brand, today reported consolidated financial results for its second quarter ended June 30, 2023. Second Quarter Financial Results Summary: 2023 vs 2022 • Net sales were $240.0 million for the 2023 second quarter versus $315.7 million for the 2022 second quarter • Gross margin was 29.2% for the 2023 second quarter versus 32.7% for the 2022 second quarter • SG&A”
Michael Lunsford was appointed as Interim Chief Executive Officer at Funko, Inc..
“appointed Michael Lunsford as the Company’s Interim Chief Executive Officer.”
Brian Mariotti departed as Chief Executive Officer at Funko, Inc..
“Brian Mariotti has agreed to take a six month leave of absence from the Company and cease serving as Chief Executive Officer, effective immediately.”
Shareholder Votes
Funko, Inc. shareholders approved Advisory (non-binding) vote on the frequency of future advisory votes on the compensation of named executive officers at the 2023-06-13 meeting.
“Item 5 - Approval, on an advisory (non-binding) basis, of the frequency of future advisory (non-binding) votes on the compensation of our named executive officers. 1 YEAR 2 YEARS 3 YEARS Votes ABSTAINED Broker Non-Votes 35,222,224 10,658 216,651 1,684,443 5,266,321”
Shareholder Votes
Funko, Inc. shareholders approved Advisory (non-binding) vote on the compensation of the Company's named executive officers at the 2023-06-13 meeting.
“Item 4 - Approval, on an advisory (non-binding) basis, of the compensation of the Company’s named executive officers.”
Shareholder Votes
Funko, Inc. shareholders approved Amend the Certificate of Incorporation to provide for exculpation of officers from breaches of fiduciary duty to the extent permitted by the General Corporation Law of the State of Delaware at the 2023-06-13 meeting.
“(b) The vote to provide for exculpation of officers from breaches of fiduciary duty to the extent permitted by the General Corporation Law of the State of Delaware was as follows:”
Shareholder Votes
Funko, Inc. shareholders approved Amend a provision that is substantially similar to Section 203 of the General Corporation Law of the State of Delaware to exclude TCG 3.0 Fuji, LP and certain other parties from the definition of Interested Stockholder at the 2023-06-13 meeting.
“Item 3 - Approval of two separate proposals to amend the Company’s Amended and Restated Certificate of Incorporation (“COI”). (a) The vote to amend a provision that is substantially similar to Section 203 of the General Corporation Law of the State of Delaware to exclude TCG 3.0 Fuji, LP (“TCG”) and certain other parties (including certain affiliates, associates and transferees of TCG) from the definition of “Interested Stockholder” was as follows:”
Shareholder Votes
Funko, Inc. shareholders approved Ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2023. at the 2023-06-13 meeting.
“Item 2 — Ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2023.”
Shareholder Votes
Funko, Inc. shareholders approved Election of three Class III directors for a term of office expiring on the date of the annual meeting of stockholders in 2026 and until their respective successors have been duly elected and qualified at the 2023-06-13 meeting.
“Item 1 — Election of three Class III directors for a term of office expiring on the date of the annual meeting of stockholders in 2026 and until their respective successors have been duly elected and qualified.”
Earnings Releases
Funko, Inc. updated its the quarter and fiscal year ended December 31, 2022 guidance (initiated).
“On March 1, 2023 , Funko, Inc. (the “Company”) announced its financial results for the quarter and fiscal year ended December 31, 2022.”
Jennifer Fall Jung resigned as Chief Financial Officer at Funko, Inc..
“Jennifer Fall Jung resigned as Chief Financial Officer”
Scott Yessner was appointed as Interim Chief Financial Officer at Funko, Inc..
“the Board appointed Scott Yessner as Interim Chief Financial Officer”
Andrew Perlmutter was appointed as President at Funko, Inc..
“Andrew Perlmutter was appointed as the Company’s President, stepping down as Chief Executive Officer”
Brian Mariotti was appointed as Chief Executive Officer at Funko, Inc..
“Under the Transition Plan, Brian Mariotti was appointed as the Company’s Chief Executive Officer, stepping down as Chief Creative Officer”
Earnings Releases
Funko, Inc. reported the third quarter ended September 30, 2022 results: revenue $365.6 million, net income $11.1 million. Guidance lowered.
“Net sales increased 36.6% to $365.6 million • Gross profit increased 32.6% to $127.9 million • Gross margin 1 contracted 100 basis points to 35.0% • Net income decreased 39.3% to $11.1 million”
Earnings Releases
Funko, Inc. reported the third quarter ended September 30, 2022 results: revenue $365.6 million, net income $11.1 million.
“The information contained in the website cited in the Press Release is not incorporated herein. --- EX-99.1 (EX-99.1) --- Funko Reports Record Third Quarter 2022 Sales of $365.6 million, Up 36.6% Sustained Growth Driven by Broad-Based Strength Across Reported Brand Categories, Channels, and Geographies EVERETT, Wash. November 3, 2022 -- Funko, Inc. ("Funko,” or”
Trevor Edwards was elected as Class II Director at Funko, Inc..
“increased the size of the Board from eight to nine and elected Trevor Edwards as a Class II director of the Company, effective July 27, 2022.”
Richard A. Paul was elected as Class I Director at Funko, Inc..
“On May 16, 2022, the Company’s Board of Directors (the “Board”) elected Richard A. Paul to the Board as a Class I director, to be effective upon the closing of the ACON Sale.”
Andrew Perlmutter resigned as President at Funko, Inc..
“Mr. Perlmutter resigned from his role as President as of the Effective Date”
Andrew Perlmutter was elected as Director at Funko, Inc..
“the Board also elected Mr. Perlmutter to the Company’s Board of Directors”
Andrew Perlmutter was appointed as Chief Executive Officer at Funko, Inc..
“appointed Andrew Perlmutter as the Company’s Chief Executive Officer”
Brian Mariotti was appointed as Chief Creative Officer at Funko, Inc..
“appointed Brian Mariotti as the Company’s Chief Creative Officer”
Brian Mariotti departed as Chief Executive Officer at Funko, Inc..
“the Board ... appointed Andrew Perlmutter as the Company’s Chief Executive Officer, succeeding Brian Mariotti in such role”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.