Funko, Inc.

Listed Company

FNKOCIK 0001704711NasdaqAcceleratedSmaller ReportingGames, Toys & Children'S Vehicles (No Dolls & Bicycles)DelawareFY ends Dec 31

Period

FY 2025

Revenue

$908.20M

Net Income

$-67.40M

Total Assets

$685.23M

Equity

$185.81M

Shares Out

100

Op. Cash Flow

$-5.10M

Business

Funko, Inc. is a pop culture consumer products company that designs, licenses and sells stylized collectible and lifestyle merchandise. It offers figures, bags, wallets, apparel, accessories, plush, homewares, NFTs, vinyl records and limited‑edition posters under brands such as Funko, Pop!, Loungefly and Mondo. The company operates as a single reporting segment, combining design, licensing, product development and global distribution activities into one consolidated business. Funko sells through specialty and mass‑market retailers, e‑commerce channels, direct‑to‑consumer websites and flagship stores, as well as distributors and fan events worldwide.

Summary from filing dated 2025-03-13

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	908	1,000	1,100	1,323	1,029
Cost of sales (exclusive of depreciation and amortization)	557	615	763	889	—
Selling, general, and administrative expenses	338	359	377	398	244
Depreciation and amortization	59	63	60	48	41
Total operating expenses	954	1,037	1,200	1,335	934
(Loss) income from operations	−46	13	−104	−12	95
Interest expense, net	19	21	28	10	7
Loss on extinguishment of debt	0	0	494,000	0	675,000
Gain on tax receivable agreement liability adjustment	0	0	−100	0	0
Other (income) expense, net	−785,000	3	−127,000	787,000	3
Loss before income taxes	−64	−11	−32	−23	85
Income tax expense	4	5	132	−18	17
Net loss	−68	−15	−164	−5	68
Less: net loss attributable to non-controlling interests	−935,000	−352,000	−10	3	24
Net loss attributable to Funko, Inc.	−67	−15	−154	−8	44
Basic (in dollars per share)	−1.24	−0.28	−3.19	−0.18	1.14
Diluted (in dollars per share)	−1.24	−0.28	−3.19	−0.18	1.08
Basic (in shares)	54	52	48	45	38
Diluted (in shares)	54	52	48	45	41

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	42	35	36	19	84
Accounts receivable, net	117	120	131	168	188
Inventories	83	93	119	246	166
Prepaid expenses and other current assets	48	40	50	40	15
Total current assets	290	287	337	473	453
Property and equipment, net	69	78	91	102	59
Operating lease right-of-use assets, net	47	53	61	71	53
Goodwill	134	134	134	131	127
Intangible assets, net	136	152	167	181	190
Other assets	10	4	8	8	12
Total assets	685	707	799	1,091	968
Current portion of revolving credit facility	1	60	121	70	0
Current portion of term debt	22	23	—	—	—
Current portion of operating lease liabilities	19	17	17	19	15
Accounts payable	65	63	53	68	57
Accrued royalties	60	61	54	69	58
Accrued expenses and other current liabilities	77	82	85	113	121
Total current liabilities	244	306	353	361	285
Long-term debt	202	100	131	154	156
Operating lease liabilities	49	60	71	82	50
Other long-term liabilities	4	4	5	4	3
Commitments and contingencies (Note 14)	—	—	—	—	—
Additional paid-in-capital	357	343	326	311	253
Accumulated other comprehensive income (loss)	5	−2	−180,000	−3	1
Accumulated deficit	−176	−109	−94	60	68
Total stockholders' equity attributable to Funko, Inc.	186	233	232	368	322
Non-controlling interests	316,000	3	6	21	75
Total stockholders' equity	186	236	238	390	397
Total liabilities and stockholders' equity	685	707	799	1,091	968

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	59	63	57	48	40
Equity-based compensation	12	14	11	17	13
Federal	0	−57,000	123	−17	—
Other, net	−2	4	5	6	1
Accounts receivable, net	6	10	41	19	−57
Inventories	12	26	122	−82	−107
Prepaid expenses and other assets	−3	17	−2	−7	4
Accounts payable	426,000	9	−18	11	27
Income taxes payable	−274,000	−597,000	75,000	−15	16
Accrued royalties	−2	7	−15	9	18
Accrued expenses and other liabilities	−19	−10	−30	−23	64
Net cash provided by (used in) operating activities	−5	124	31	−40	87
Purchase of property and equipment	−33	−33	−35	−59	−28
Acquisitions of business and intangible assets, net of cash acquired	0	0	−5	−19	199,000
Sale of Funko Games inventory and certain intellectual property	0	7	0	0	—
Other, net	1	809,000	699,000	562,000	179,000
Net cash used in investing activities	−32	−25	−40	−78	−27
Borrowings on revolving credit facility	85	40	71	120	0
Payments on revolving credit facility	−20	−101	−21	−50	0
Payment of term debt	−23	−31	−23	−18	−198
Distributions to continuing equity owners	0	0	−1	−11	−9
Payments under tax receivable agreement	0	−9	−4,000	−8	−2
Other, net	171,000	1	−1	1	—
Net cash provided by (used in) financing activities	42	−99	26	55	−29
Effect of exchange rates on cash and cash equivalents	2	−852,000	518,000	−797,000	−51,000
Net change in cash and cash equivalents	7	−2	17	−64	31
Cash paid for interest	18	21	25	9	6
Income tax payments	5	4	1	22	1
Establishment of liabilities under tax receivable agreement	0	547,000	0	30	21

Filings

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