NASDAQ$FNKO

Funko Inc · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Funko Inc reported a net loss of $41.0 million on net sales of $193.5 million for Q2 2025.

Funko Inc experienced a 21.9% decline in net sales to $193.5 million due to tariff disruptions and macroeconomic uncertainty. The company recorded a net loss from operations of $34.7 million and a gross margin of 32.1%. Management highlighted ongoing strategic reviews and covenant relief measures amid going concern considerations.

  • Net sales fell 21.9% year-over-year to $193.5 million across all channels and geographies.
  • Core Collectibles remained the largest segment at $157.5 million, followed by Loungefly at $31.8 million.
  • Gross margin declined to 32.1% from 42.0% due to higher inventory reserves and shipping costs.
  • Net loss widened to $41.0 million compared to net income of $5.4 million in Q2 2024.

Headline financials

Total Revenue

$193M

Previous: $248M-21.9%
EPS (adj)

-$0.74

Previous: $0.10-840.0%
Capital Expenditures

-$16.2M

Previous: -$13.3M-22.2%
Net Income

-$40.5M

Previous: $5.12M-891.6%
Operating Income

-$34.7M

Previous: $10.7M-423.8%
Cash & Equivalents

$49.2M

Previous: $41.6M+18.3%
Total Assets

$695M

Previous: $738M-5.8%

Revenue & EPS history

Funko · Revenue · Quarterly

$193M

Q2 2025-21.9%vs Q2 2024
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Funko · $193M total across 3 segments · Q2 2025

  • Core Collectibles
    $157M
  • Loungefly
    $31.8M
  • Other
    $4.15M

Forward guidance

The company is implementing mitigation plans for tariffs and reviewing strategic alternatives while addressing covenant compliance.

Tailwinds

  • Focus on international markets not impacted by tariffs
  • Overhead cost reductions and working capital management

Headwinds

  • Forecasted covenant noncompliance in future quarters
  • Potential insufficient cash flows for working capital needs

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

+0.2%

Avg return

Earnings day

+0.2%

Avg return

5 days after

+4.2%

Avg return

30 days after

56%

19 / 34 earnings

Positive

+25.1%

Q1 2020

Best reaction

-59.2%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026+1.6%+26.3%+16.2%
Q4 2025-4.0%-18.6%-15.3%
Q3 2025+10.3%+22.2%-0.3%
Q1 2025-16.5%+11.7%+14.5%
Q4 2024-13.5%-28.8%-49.3%
Q3 2024-3.4%-9.2%+0.9%
Q2 2024+11.7%+11.0%+11.6%
Q1 2024+8.9%+28.2%+43.5%
Q4 2023+7.0%-0.8%-10.6%
Q3 2023+22.1%+9.6%-5.0%
Q2 2023-13.2%-12.7%-4.4%
Q1 2023+15.0%+13.5%+27.4%
Q4 2022-8.0%-9.6%-12.8%
Q3 2022-59.2%-47.1%-45.8%
Q2 2022-19.2%-22.0%-23.1%
Q1 2022+19.5%+8.9%+21.7%
Q4 2021+9.5%-4.0%-1.6%
Q3 2021+10.8%+8.1%-7.6%
Q2 2021-3.3%-5.0%-0.5%
Q1 2021+19.1%+9.5%+10.2%
Q4 2020+23.0%+24.3%+58.0%
Q3 2020-9.4%+12.0%+63.2%
Q2 2020-4.8%+2.9%+2.6%
Q1 2020+25.1%+18.4%+88.1%
Q4 2019-8.1%-17.5%-57.8%
Q3 2019-12.7%-16.1%-18.0%
Q2 2019+10.0%+9.1%+8.1%
Q1 2019+3.4%+9.7%+4.6%
Q4 2018+3.8%-6.7%+7.8%
Q3 2018-25.3%-25.7%-31.5%
Q2 2018+8.5%+7.3%+50.3%
Q1 2018+2.5%+3.5%+28.4%
Q4 2017+7.1%+13.0%+3.4%
Q3 2017-10.7%-17.2%-34.7%
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015

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