Funko, Inc.FNKO

Funko, Inc. Earnings Per Share Disclosure

10-KFiled Mar 13, 20252 min read
(Loss) Earnings per Share
Basic and Diluted Loss per Share
Basic loss per share of Class A common stock is computed by dividing net loss available to Funko, Inc. by the weighted-average number of shares of Class A common stock outstanding during the period. Diluted loss per share of Class A common stock is computed by dividing net loss available to Funko, Inc. by the weighted-average number of shares of Class A common stock outstanding adjusted to give effect to potentially dilutive securities.
The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted loss per share of Class A common stock:
Year Ended December 31, 2024Year Ended December 31, 2023Year Ended December 31, 2022
(in thousands, except per share data)
Numerator:
Net loss$(15,070)$(164,438)$(5,240)
Less: net loss income attributable to non-controlling interests
(352)(10,359)2,795 
Net loss attributable to Funko, Inc. — basic
$(14,718)$(154,079)$(8,035)
Net loss attributable to Funko, Inc. — diluted$(14,718)$(154,079)$(8,035)
Denominator:
Weighted-average shares of Class A common stock outstanding
  — basic		52,043,490 48,332,401 44,554,788 
Weighted-average shares of Class A common stock outstanding
  — diluted		52,043,490 48,332,401 44,554,788 
Loss per share of Class A common stock — basic$(0.28)$(3.19)$(0.18)
Loss per share of Class A common stock — diluted$(0.28)$(3.19)$(0.18)
For the years ended December 31, 2024, 2023 and 2022 an aggregate of 6.3 million, 9.9 million and 11.6 million of potentially dilutive securities, respectively, were excluded from the weighted-average in the computation of diluted (loss) earnings per share of Class A common stock because the effect would have been anti-dilutive. For the years ended December 31, 2024, 2023 and 2022 anti-dilutive securities included 2.0 million, 4.0 million and 7.0 million of common units of FAH, LLC that are convertible into Class A common stock, but were excluded from the computations of diluted loss per share because the effect would have been anti-dilutive under the if-converted method.
Shares of the Company’s Class B common stock do not participate in the earnings or losses of the Company and are therefore not participating securities. As such, separate presentation of basic and diluted loss per share of Class B common stock under the two-class method has not been presented.

Historical Timeline

Fiscal YearFiled
2024Mar 13, 2025Showing above
2023Mar 7, 2024
2022Mar 1, 2023
2021Mar 3, 2022
2020Mar 11, 2021
2019Mar 5, 2020
2018Mar 6, 2019
2017Mar 19, 2018

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.

Other Available Disclosures

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