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Funko, Inc. (FNKO) stock

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NASDAQ: FNKO Nasdaq Leisure Products Next results ~November 5, 2026

C Fundamentals grade

Funko, Inc. is a US-listed company in the leisure products industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$2.4

Cash-flow model

Base case. Range ~$1.1–$4.1 across our lower- and higher-growth cases (-3%–7% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 63% below it.

Price used: $6.41, November 2, 2026

Funko, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 5 selling1 purchase and 25 sales by directors and officers, last 12 monthsInsider trades
  • Funds63 adding, 55 cuttingOf 27 active managers that changed their stake, 14 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Funko files

Where Funko stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $933m, down 3.9% on a year earlier, a smaller fall than the 10.4% decline a quarter earlier. That puts it 15 of 18 for growth among the leisure products companies we cover. Free-cash-flow margin rose to 2.9% from -1.8% a year earlier. Operating margin widened to 2.7% from -4.2%. The diluted share count is up 4.6% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 2 of our 5 financial-health checks. Our cash-flow model value is $2.21 a share, against a share price of $6.70.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Funko, Inc.'s trailing-twelve-month revenue fell 3.9% year on year, with a free-cash-flow margin of 2.9%.

Our discounted-cash-flow model values the business at ~$2.4 per share in the base case (~$1.1–$4.1 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 240% in the quarter to 2026-06-30, the 4th beat in the last four quarters.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Margins widening. Operating margin is up 6.9 points on a year ago.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 100.0% over 90 days.

Things to watch

  • Results due soon. Results are expected around 5 November; the share price can move sharply on the day.
  • Priced above our value. The share price of $6.41 is 63% above our value per share of $2.
  • Revenue shrinking. Revenue fell 3.9% over the last 12 months.
  • Share dilution. Diluted shares rose 4.6% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 68% and a beta of 2.0 against the S&P 500.
  • Heavily shorted. 17.0% of the shares available to trade are sold short (7.4 days of average volume to cover).

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
$0.26 against an average estimate of -$0.18: beat by 240.5%
Revenue
$208m, up 7.4% on a year earlier
Share reaction
+4.4% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Guidance given
gross margin 43% to 44% (Q3'26); gross margin 46% to 47% (full-year 2026)
Next report
November 5, 2026; average EPS estimate $0.10

Funko's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+0.6%
  • 1 week-4.0%
  • 1 month+9.4%
  • This year+88.5%
  • 1 year+105.4%
  • 5 years-62.6%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$933M
Operating margin
2.7%
Net margin
-0.2%
EPS (TTM, diluted)
$-0.04

Growth

Revenue growth
−3.9%
Change in growth rate
+6.5 pts
Share count change
+4.6%

Cash

Free cash flow (TTM)
$27.2M
FCF margin
2.9%
Stock pay % of revenue
1.1%

Earnings

Last results
August 6, 2026
Next results (est.)
November 5, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Insider trade
  2. Results
  3. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Funko, Inc. valuation models and calculator

What the price is pricing in

The share price implies about 12.5% a year of cash-flow growth for five years.That is faster than the -2.0% a year revenue growth Funko has delivered.

Read with care: free cash flow has swung sharply in the past year (often a one-off tax, legal or working-capital item), so the cash-flow base behind this reading may be unusually low or high.

  • Priced in12.5%
  • Last 12 months-3.9%
  • 3 years a year-7.8%
  • 5 years a year-2.0%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($6.29, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$2.4
Price used
$6.29close November 3, 2026
Implied change
▼ 62%
Uncertainty
Very high

How we got here: a discounted-cash-flow model of Funko, Inc.'s free cash flow after stock-based pay with after-tax interest added back ($17.4M, FY2026 Q2 TTM), growing 3.4% and 3.2% in the next two years (forecasts, guidance and its record), then back to 2% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$1.1–~$4.1 ; that spread sets a 45% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Funko, Inc.'s free cash flow after stock-based pay ( $17.4M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Funko, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 10.7%: the 10-year Treasury yield (4.9%) plus a beta of 1.27 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$2.4 ~$1.1–$4.1 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$2.4 ~$1.1–$4.1 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Funko, Inc. with Leisure Products in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −39%
  • Revenue growth 5 points higher ▲ +52%
  • Free-cash-flow margin 1 point lower ▼ −53%
  • Discount rate 1 point higher ▼ −22%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $2$3$5$8$11$16
8.5% $1$2$3$5$8$11
10% —$1$2$3$5$8

Valuation multiples over time Market data may be delayed

At fiscal year end 201720182019202020212022202320242025Now
Share price$6.65$13.15$17.16$10.38$18.80$10.91$7.73$13.39$3.40$6.41
Market value$168m$336m$565m$371m$763m$486m$374m$697m$185m$357m
+ Net debt (− = net cash)$226m$234m$217m$139m$90m$227m$237m$208m$184m$162m
Enterprise value$395m$570m$782m$510m$853m$713m$611m$905m$369m$519m
Multiples
Price / sales 0.3x0.5x0.7x0.6x0.7x0.4x0.3x0.7x0.2x0.4x
Price / earnings 42.7x45.0x48.2x93.7x17.4x—————
Price / free cash flow —14.5x11.6x4.1x12.8x——7.7x—13.1x
EV / EBITDA 5.3x5.7x8.8x7.5x6.3x19.8x—12.0x27.2x6.1x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

31 /100

Weak moat

How hard Funko's competitive advantage looks for rivals to wear away, judged from 9 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 7 / 20

    Cash operating profit has been a median 6.3% of total assets over 7 years.

  • Pricing power 12 / 20

    Gross margin has been a median 37.6%, moving by 3.5 percentage points (standard deviation) across 8 years.

  • Durability 0 / 20

    Operating margin has been a median 2.7%; its worst year was -11.4%.

  • Cash conversion 8 / 20

    Free cash flow was positive in 6 of 9 years, at a median 2.9% of revenue.

  • Discipline 10 / 20

    The diluted share count rose 57.7% over five years; stock-based pay has been a median 1.3% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (36 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, after the close. Analysts expect revenue of $249m and EPS of $0.10 (range $0.07 to $0.13) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.45 +164% $935m +3%
Next $0.44 −1% $1.0bn +8%

Next year's EPS estimate has moved +100.0% in 90 days, across 2 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −1088.9% on 90 days ago. In the last 30 days, 0 analysts raised Funko, Inc.'s forecast and 1 cut it.

Consensus EPS forecast Funko, Inc., last 90 days
−$0.20 $0.00 $0.20 $0.40 $0.60 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$0.04 Current fiscal year, 60 days ago: $0.34 Current fiscal year, 30 days ago: $0.39 Current fiscal year, 7 days ago: $0.45 Current fiscal year, Now: $0.45 $0.45 Next fiscal year, 90 days ago: $0.22 Next fiscal year, 60 days ago: $0.23 Next fiscal year, 30 days ago: $0.32 Next fiscal year, 7 days ago: $0.44 Next fiscal year, Now: $0.44 $0.44

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$0.04$0.22
60 days ago $0.34$0.23
30 days ago $0.39$0.32
7 days ago $0.45$0.44
Now $0.45$0.44

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.18 $0.26 +240.5%
Mar 2026 −$0.30 −$0.11 +63.3%
Dec 2025 $0.04 $0.05 +42.9%
Sept 2025 −$0.09 $0.06 +166.7%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 6, 2026
  • Gross margin full-year 2026 46% to 47% Raised
    “Raising to 46%-47%, including the $25.4 million Q2 tariff- related benefit, up from 41%-43%” source
  • Gross margin Q3'26 43% to 44%
    “Gross margin Approximately 43%-44% Approximately 46%-47% Raising to 46%-47%, including the $25.4 million Q2 tariff- related benefit, up from 41%-43%” source
  • Adjusted EBITDA full-year 2026 $100m to $110m Non-GAAP Raised
    “Raising Adjusted EBITDA1 outlook to $100 million - $110 million, which includes a $25.4 million benefit from the recognition of expected tariff refunds and the release of accrued tariffs.” source
  • Adj EBITDA Q3'26 $25m to $30m Non-GAAP
    “Adj EBITDA $25M - $30M Adj EBITDA $100M-$110M Raising to $100M-$110M, including the $25.4 million Q2 tariff- related benefit, up from $70M-$80M” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Funko, Inc.'s revenue by +3.4% next year and +3.2% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+4.4%, weight 56%) and the company's own record (+2.0%, weight 44%) . How the weights are set.

Analyst recommendations

2 analysts, Oct 2026
Buy150%
Hold150%
Sell00%

Monthly trend

  1. Oct 2026112
  2. Sep 2026213
  3. Aug 2026213

Counts of recommendations published by analysts covering Funko, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
17.0%
of tradable shares
Days to cover
7.38
at average volume
Short interest, 1 month
+9%
to October 15, 2026
Held by institutions
86%
of shares
Held by insiders
1.7%
of shares
Employees
1,104
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +105.4%

$3.12 on October 31, 2025 to $6.41

ThenNowEffect
Revenue (last 12 months) $971m $933m −3.9%
P/S multiple 0.2x 0.4x +123.7%
Share count 53m 56m −4.4%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years −26.7%

$8.75 on November 3, 2023 to $6.41

ThenNowEffect
Revenue (last 12 months) $1.2bn $933m −21.7%
P/S multiple 0.4x 0.4x +5.0%
Share count 50m 56m −10.9%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
FNKO+81%−42%−29%+73%−75%+89%
Industry peers (median)+14%−35%−4%−26%−4%+3%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
FNKO58%50%50%50%42%73%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
FNKO−41%−71%−60%−33%−83%−44%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2017: 92% from September 10, 2018 to August 8, 2025. Getting back needed a 1162% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$2.81 – $7.10
From 52-week high
−9.7%
vs 50-day average
+4.9%
vs 200-day average
+24.8%
Volatility (1 year)
68%
Beta vs S&P 500
2.03

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±12.8%
After a week
6 up, 6 down
typical move ±14.9%
After a month
5 up, 7 down
typical move ±17.7%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 +4.4% +0.5% +6.2% +0.9%
May 7, 2026 +20.1% +0.5% +16.7% +19.6%
March 12, 2026 −8.1% −2.1% −21.9% −20.6%
November 6, 2025 +4.7% −1.0% +7.2% −5.7%
August 7, 2025 −31.5% +0.7% −26.2% −6.1%
May 8, 2025 −11.6% +0.6% +6.9% +29.2%
March 6, 2025 −20.3% −1.2% −35.8% −53.3%
November 7, 2024 −3.4% +1.2% −10.5% −1.3%
August 8, 2024 +11.7% +2.8% +13.0% +16.0%
May 9, 2024 +8.9% +0.7% +27.6% +47.0%
March 7, 2024 +7.0% +0.4% −4.7% −10.6%
November 2, 2023 +22.1% +2.8% −1.6% −2.0%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Funko, Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Funko, Inc. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Funko, Inc.
$900M $1B $1.1B $1.2B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $1.1B Revenue (TTM), FY23 Q4: $1.1B Revenue (TTM), FY24 Q1: $1.1B Revenue (TTM), FY24 Q2: $1.1B Revenue (TTM), FY24 Q3: $1B Revenue (TTM), FY24 Q4: $1B Revenue (TTM), FY25 Q1: $1B Revenue (TTM), FY25 Q2: $970.7M Revenue (TTM), FY25 Q3: $928.8M Revenue (TTM), FY25 Q4: $908.2M Revenue (TTM), FY26 Q1: $918.4M Revenue (TTM), FY26 Q2: $932.6M $932.6M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $1.1B
FY23 Q4 $1.1B
FY24 Q1 $1.1B
FY24 Q2 $1.1B
FY24 Q3 $1B
FY24 Q4 $1B
FY25 Q1 $1B
FY25 Q2 $970.7M
FY25 Q3 $928.8M
FY25 Q4 $908.2M
FY26 Q1 $918.4M
FY26 Q2 $932.6M
Revenue growth, TTM YoY Funko, Inc.
-20% -15% -10% -5% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -14.2% Revenue growth, TTM YoY, FY23 Q4: -17.1% Revenue growth, TTM YoY, FY24 Q1: -16.3% Revenue growth, TTM YoY, FY24 Q2: -10.3% Revenue growth, TTM YoY, FY24 Q3: -8.0% Revenue growth, TTM YoY, FY24 Q4: -4.2% Revenue growth, TTM YoY, FY25 Q1: -3.3% Revenue growth, TTM YoY, FY25 Q2: -9.1% Revenue growth, TTM YoY, FY25 Q3: -11.3% Revenue growth, TTM YoY, FY25 Q4: -13.5% Revenue growth, TTM YoY, FY26 Q1: -10.4% Revenue growth, TTM YoY, FY26 Q2: -3.9% -3.9%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -14.2%
FY23 Q4 -17.1%
FY24 Q1 -16.3%
FY24 Q2 -10.3%
FY24 Q3 -8.0%
FY24 Q4 -4.2%
FY25 Q1 -3.3%
FY25 Q2 -9.1%
FY25 Q3 -11.3%
FY25 Q4 -13.5%
FY26 Q1 -10.4%
FY26 Q2 -3.9%
Operating margin (TTM) Funko, Inc.
-15% -10% -5% 0% 5% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -13.9% Operating margin (TTM), FY23 Q4: -9.5% Operating margin (TTM), FY24 Q1: -5.1% Operating margin (TTM), FY24 Q2: -1.2% Operating margin (TTM), FY24 Q3: 0.4% Operating margin (TTM), FY24 Q4: 1.2% Operating margin (TTM), FY25 Q1: 0.5% Operating margin (TTM), FY25 Q2: -4.2% Operating margin (TTM), FY25 Q3: -5.0% Operating margin (TTM), FY25 Q4: -5.0% Operating margin (TTM), FY26 Q1: -3.5% Operating margin (TTM), FY26 Q2: 2.7% 2.7%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -13.9%
FY23 Q4 -9.5%
FY24 Q1 -5.1%
FY24 Q2 -1.2%
FY24 Q3 0.4%
FY24 Q4 1.2%
FY25 Q1 0.5%
FY25 Q2 -4.2%
FY25 Q3 -5.0%
FY25 Q4 -5.0%
FY26 Q1 -3.5%
FY26 Q2 2.7%
FCF margin (TTM) Funko, Inc.
-5% 0% 5% 10% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -1.9% FCF margin (TTM), FY23 Q4: -0.4% FCF margin (TTM), FY24 Q1: 4.6% FCF margin (TTM), FY24 Q2: 7.3% FCF margin (TTM), FY24 Q3: 6.9% FCF margin (TTM), FY24 Q4: 8.6% FCF margin (TTM), FY25 Q1: 5.0% FCF margin (TTM), FY25 Q2: -1.8% FCF margin (TTM), FY25 Q3: -1.0% FCF margin (TTM), FY25 Q4: -4.2% FCF margin (TTM), FY26 Q1: -0.8% FCF margin (TTM), FY26 Q2: 2.9% 2.9%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -1.9%
FY23 Q4 -0.4%
FY24 Q1 4.6%
FY24 Q2 7.3%
FY24 Q3 6.9%
FY24 Q4 8.6%
FY25 Q1 5.0%
FY25 Q2 -1.8%
FY25 Q3 -1.0%
FY25 Q4 -4.2%
FY26 Q1 -0.8%
FY26 Q2 2.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 427 516 686 795 653 1,029 1,323 1,096 1,050 908 933
Gross profit 146 199 255 283 249 381 434 333 — — —
EBITDA 68 74 100 89 68 136 36 −46 76 14 85
Operating income 44 42 61 47 24 95 −12 −104 13 −46 25
Net income 27 4 7 12 4 44 −8 −154 −15 −67 −2
Diluted EPS — $0.08 $0.29 $0.36 $0.11 $1.08 −$0.18 −$3.19 −$0.28 −$1.24 −$0.04
Growth (year on year)
Revenue — +20.9% +32.9% +15.9% −17.9% +57.7% +28.5% −17.1% −4.2% −13.5% −3.9%
EBITDA — +9.7% +34.7% −11.2% −23.5% +99.6% −73.4% −229.0% — −82.1% +311.6%
Operating income — −4.3% +44.0% −23.4% −49.5% +305.5% −112.5% — — — —
Net income — −85.3% — — — — −118.3% — — — —
Diluted EPS — — — — — — −116.7% — — — —
Margins
Gross margin 34.3% 38.5% 37.2% 35.5% 38.2% 37.0% 32.8% 30.4% — — —
EBITDA margin 15.9% 14.4% 14.6% 11.2% 10.4% 13.2% 2.7% −4.2% 7.2% 1.5% 9.1%
Operating margin 10.3% 8.2% 8.9% 5.9% 3.6% 9.3% −0.9% −9.5% 1.2% −5.0% 2.7%
Net margin 6.3% 0.8% 1.1% 1.5% 0.6% 4.3% −0.6% −14.1% −1.4% −7.4% −0.2%
Free-cash-flow margin 6.6% −1.9% 3.4% 6.1% 13.8% 5.8% −7.5% −0.4% 8.6% −4.2% 2.9%
Cash flow
Cash from operations 49 24 50 91 109 87 −40 31 124 −5 63
Capital spending 21 34 27 42 18 28 59 35 33 33 36
Free cash flow 28 −10 23 49 90 60 −99 −4 91 −38 27
Stock-based pay 2 6 9 13 10 13 17 11 14 12 10
Free cash flow after stock pay 26 −15 14 35 80 47 −116 −15 77 −50 17
Balance sheet
Cash 6 8 13 25 52 84 19 36 35 42 41
Total debt 218 234 247 242 191 173 246 274 243 226 203
Net debt (negative = net cash) 212 226 234 217 139 90 227 237 208 184 162
Diluted shares — 25m 26m 33m 36m 41m 45m 48m 52m 54m 56m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 5 checks passed · June 30, 2026
What it owns · $654m
Short-term assets $275mLonger-term assets $379m
What it owes, and who funded it · $424m
Short-term liabilities $236mShareholders' equity $188m
  • Short-term assets cover short-term liabilities $275m of assets due within a year against $236m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $41m of cash against $201m of debt.
  • Debt below 40% of shareholders' equity Debt is 107% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 48% to 107% over five years.
  • A year's operating cash flow covers at least 20% of debt $63m of operating cash flow against $201m of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Funko, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+4.6%
year over year
Sales & admin spending
35.8%
of revenue
Days sales outstanding
37 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in leisure products
Last 12 months unless stated FNKO MBUU CRCT JOUT RGR SWBI Median
Revenue, last 12 months $933m $915m $690m $661m $577m $551m $349m
Revenue growth, last 12 months −3.9% 13.3% −3.1% 17.5% 7.6% 17.0% 7.6%
Revenue growth, 3-year average −7.8% −13.0% −5.5% −4.7% −0.2% 2.7% −2.5%
Revenue growth, latest quarter 7.4% 42.7% −9.2% 5.0% 19.3% 32.3% 10.9%
Gross margin 40.1% 16.0% 57.9% 39.7% 18.7% 27.4% 40.1%
Operating margin 2.7% 0.3% 15.5% 2.7% 1.0% 6.6% 1.0%
Operating margin, 3-year average −0.9% −1.2% 13.2% −3.5% 2.6% 6.5% 0.9%
Net margin −0.2% 0.2% 12.7% −1.2% 2.1% 4.4% −0.5%
Cash from operations / revenue 6.7% 7.4% 26.1% 7.6% 11.2% 20.6% 8.7%
Free-cash-flow margin 2.9% 4.7% 22.6% 4.5% 8.2% 14.9% 6.1%
Free-cash-flow margin, 3-year average 2.8% 1.9% 27.5% 3.5% 7.7% 2.7% 5.3%
Stock pay / revenue 1.1% 0.6% 3.9% 0.5% 0.9% 1.5% 1.3%
Change in share count 4.6% −1.8% 0.9% 0.8% −4.2% −6.8% 0.5%

Median of all 29 companies we cover in leisure products. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

29 leisure products companies
Measure Company Peer median Rank
Revenue growth Growth -3.9% 7.6% 23 of 29
Change in growth rate Growth +6.5pp +3.1pp 8 of 29
Operating margin Profitability 2.7% 1.0% 12 of 29
Net margin Profitability -0.2% -0.5% 14 of 29
Free-cash-flow margin Cash generation 2.9% 6.1% 21 of 29
Stock pay as % of revenue Cash generation 1.1% 1.3% 11 of 27
Long-term debt as % of assets Balance sheet 27.9% 16.0% 13 of 20
Change in share count Balance sheet 4.6% 0.8% 18 of 24
Days sales outstanding Balance sheet 37 days 42 days 11 of 27

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Core Collectibles $723M 79.6% ▼ 10.1%
Loungefly LLC $155M 17.1% ▼ 9.8%
Other Products Excluding Core Collectibles and Loungefly Brands $29.9M 3.3% ▼ 59.4%
Geography
Region Revenue Share YoY
United States $546M 60.2% ▼ 19.9%
Europe $288M 31.7% ▲ 1.6%
Outside the US $73.5M 8.1% ▼ 12.5%

From Funko, Inc.'s 10-K filed March 12, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$277M
Institutions reporting
123
Shares held vs prior quarter
▼ 1.8%
Positions opened / closed
27 / 15

Top buyers and sellers, Q2 2026: 63 institutions bought and 55 sold ; the biggest buyer was Morgan Stanley (+520K shares) and the biggest seller Jane Street Group, LLC (−756K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Tcg Capital Management, LP $73.6M 12.5M 26.6% 0.0%
Fund 1 Investments, LLC $31.1M 5.3M 11.2% ▼ 1.5%
Blackrock, Inc. $18.4M 3.1M 6.6% ▲ 14.5%
Ararat Capital Management LP $12.4M 2.1M 4.5% ▼ 15.8%
Vanguard Capital Management LLC $10.4M 1.8M 3.8% ▲ 12.7%
Dimensional Fund Advisors LP $9.9M 1.7M 3.6% ▼ 2.7%
Nomura Holdings Inc $9.5M 1.6M 3.4% ▼ 31.1%
Hosking Partners LLP $8.1M 1.4M 2.9% ▼ 1.8%
Jacobs Levy Equity Management, Inc $6.6M 1.1M 2.4% ▲ 12.8%
Geode Capital Management, LLC $6.4M 1.1M 2.3% ▲ 7.0%
Millennium Management LLC $6M 1.0M 2.2% ▼ 5.2%
Castleknight Management LP $5.2M 886K 1.9% ▼ 24.4%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Funko, Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $499,995 1 trade by 1 insider, last 12 months Insider sales History → $1.9M 25 trades by 5 insiders · 42% under pre-set plans
Net ▼ $1.4M net selling
Insider Date Trade Shares Price Value
Simon Josh Chief Executive Officer September 3, 2026 Sell 45,548 $5.87 $267,367
Simon Josh Chief Executive Officer September 3, 2026 Sell 136,345 $5.76 $785,347
Le Pendeven Yves CFO September 1, 2026 Sell pre-set plan 34,074 $6.51 $221,822
Le Pendeven Yves CFO September 1, 2026 Sell pre-set plan 1,833 $6.60 $12,098
Le Pendeven Yves CFO August 28, 2026 Sell pre-set plan 6,862 $7.02 $48,171
Le Pendeven Yves CFO August 27, 2026 Sell pre-set plan 4,000 $7.00 $28,000
Denson Charles D Director August 24, 2026 Buy 72,992 $6.85 $499,995
Shah Husnal Chief Product Officer August 12, 2026 Sell 8,800 $5.95 $52,360
Shah Husnal Chief Product Officer August 11, 2026 Sell 200 $6.01 $1,202
Le Pendeven Yves CFO August 10, 2026 Sell pre-set plan 1,117 $6.00 $6,702
Le Pendeven Yves CFO August 7, 2026 Sell pre-set plan 13,138 $7.00 $91,966
Oddie Andrew David CHIEF INTERNATIONAL OFFICER May 8, 2026 Sell pre-set plan 34,656 $6.00 $207,936

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • May 7, 2026
  • March 12, 2026
  • November 6, 2025
  • August 7, 2025
  • May 8, 2025

Recent SEC filings

Data status

When each part of this page on Funko, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Funko, Inc. in brief

What does Funko, Inc. do?
Funko, Inc. is a US-listed company in the leisure products industry. Its financial year ends in December.
What is Funko, Inc.'s stock ticker?
Funko, Inc. trades under the ticker FNKO on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Funko, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Funko, Inc. reported revenue of $933M, 3.9% lower than a year earlier, according to its SEC filings.
What is Funko, Inc.'s free cash flow?
Funko, Inc.'s free-cash-flow margin is 2.9% of revenue over the trailing twelve months, ranking 21 of the 29 leisure products companies we cover.
What is Funko, Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Funko, Inc.'s free cash flow after stock-based pay gives ~$2.4 per share in the base case, and ~$1.1–$4.1 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Funko, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Tcg Capital Management, LP, Fund 1 Investments, LLC and Blackrock, Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Funko, Inc.'s market cap?
On November 2, 2026, Funko, Inc.'s market capitalisation was about $357M and net debt of $162M. Market figures come from third-party market data and may be delayed.
How much debt does Funko, Inc. have?
Funko, Inc.'s debt-to-equity ratio is 107.1%, from its latest balance sheet (48.4% five years earlier). The financial health section below sets out its other solvency checks.
Who are Funko, Inc.'s competitors?
In our Leisure Products peer group, the companies closest to Funko, Inc. are Malibu Boats, Inc., Cricut, Inc., Johnson Outdoors Inc, Sturm Ruger & Co Inc and Smith & Wesson Brands, Inc. The side-by-side comparison below sets their revenue, margins and growth against Funko, Inc.'s.
Are insiders buying or selling Funko, Inc. stock?
Over the last 12 months, Funko, Inc.'s directors and officers reported 1 open-market purchases and 25 sales on Form 4. The insider trading page charts every trade.
When is Funko, Inc.'s next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Funko, Inc. announces its own schedule.