10-K · March 12, 2026
Funko presents a strategy focused on expanding its large licensed portfolio, accelerating international sales and new product formats (Bitty Pop!, Premium Blind Box, Pop! Yourself) while rebuilding collector…
Earnings analysis · 10-Q
FNKO earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
Funko, Inc. reported strong financial results for Q1 2026, with revenues of $200.9 million, surpassing estimates and representing a 5.3% increase year-over-year. The company reduced its net loss to $18.1 million,…
Read full summary
Funko, Inc. reported strong financial results for Q1 2026, with revenues of $200.9 million, surpassing estimates and representing a 5.3% increase year-over-year. The company reduced its net loss to $18.1 million, significantly down from $28.1 million in the prior year, indicating improved operational efficiency despite ongoing challenges in the retail sector.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.11
- Gross margin
- 44.2%
What stood out
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Revenue Exceeds Expectations
Funko reported Q1 2026 revenue of $200.9 million, exceeding estimates by 6.4%.
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Significant EPS Beat
EPS loss narrowed to -$0.11, better than the consensus estimate of -$0.30.
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Improved Gross Margin
Gross margin improved to 44.2%, up from 40.3% in Q1 2025.
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Decreased Net Loss
Net loss was $18.1 million, down 35.4% from $28.1 million in the prior year.
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Strong International Sales Growth
International sales rose 25.6% to $68.1 million, improving overall performance.
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Robust Adjusted EBITDA
Adjusted EBITDA increased to $11.3 million, compared to a loss of $4.7 million in Q1 2025.
What to watch
-
High Debt Levels
Total debt reached $211.8 million, with net interest expense increasing by 26.9% to $4.9 million.
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Retail Sector Vulnerabilities
Sales in the U.S. decreased by 3.7% due to a challenging retail environment and reduced customer orders.
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Supply Chain Constraints
Ongoing reliance on third-party manufacturers in Asia exposes Funko to disruptions and geopolitical risks.
Management's outlook
Management maintained its 2026 revenue guidance expecting growth of flat to 3% compared to 2025.
Earlier filings 4
10-Q · November 6, 2025
Funko reported third-quarter net sales of $250,905,000 and diluted EPS of $0.02, with operating income of $6.4 million (2.6% op margin) versus $11.7 million in Q3 2024. Management reiterates substantial doubt about the…
10-Q · August 7, 2025
Funko reported Q2 net sales of $193,469,000 and a GAAP net loss attributable to Funko of $40,490,000 (diluted loss per share $0.74) for the three months ended June 30, 2025. Results reflect a swing to operating loss of…
10-Q · May 8, 2025
Funko reported Q1 net sales of $190.74M, down from $215.70M in Q1 2024, with a net loss attributable to Funko of $27.59M (diluted loss per share $0.52). Gross margin held near prior-year levels at 40.3%, but operating…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.