Funko Financials
This page shows Funko (FNKO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Funko’s cash profile has been shaped by inventory unwinding, while weaker sales exposed a still-overbuilt cost base underneath.
Inventory fell from$119M in FY2023 to$93M in FY2024 while net income stayed negative, so the cash rebound looked more like working-capital release than a repaired earnings engine. By FY2025, operating cash flow slipped to-$5.1M and debt-to-equity rose to 1.1x, showing that the earlier cleanup did not create lasting balance-sheet relief.
Gross margin held at
Current liquidity improved to 1.2x from 0.9x, so near-term obligations look less compressed than in FY2024. But long-term debt jumped from
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Funko's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Funko has an operating margin of -5.0%, meaning the company retains $-5 of operating profit per $100 of revenue. This below-average margin results in a low score of 23/100, suggesting thin profitability after operating expenses. This is down from 1.2% the prior year.
Funko's revenue declined 13.5% year-over-year, from $1.0B to $908.2M. This contraction results in a growth score of 12/100.
Funko has elevated debt relative to equity (D/E of 1.09), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 4/100, reflecting increased financial risk.
Funko's current ratio of 1.19 is below the typical benchmark, resulting in a score of 28/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While Funko generated -$5.1M in operating cash flow, capex of $33.0M consumed most of it, leaving -$38.1M in free cash flow. This results in a low score of 30/100, reflecting heavy capital investment rather than weak cash generation.
Funko generates a -36.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 18/100. This is down from -6.3% the prior year.
Funko scores 1.19, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Funko passes 2 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Funko generates $0.08 in operating cash flow (-$5.1M OCF vs -$67.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Funko generated $908.2M in revenue in fiscal year 2025. This represents a decrease of 13.5% from the prior year.
Funko's EBITDA was $13.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 82.1% from the prior year.
Funko reported -$67.4M in net income in fiscal year 2025. This represents a decrease of 358.5% from the prior year.
Funko earned $-1.24 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 342.9% from the prior year.
Cash & Balance Sheet
Funko generated -$38.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 142.0% from the prior year.
Funko held $42.1M in cash against $202.2M in long-term debt as of fiscal year 2025.
Margins & Returns
Funko's gross margin was 38.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.7 percentage points from the prior year.
Funko's operating margin was -5.0% in fiscal year 2025, reflecting core business profitability. This is down 6.3 percentage points from the prior year.
Funko's net profit margin was -7.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 6.0 percentage points from the prior year.
Funko's ROE was -36.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 30.0 percentage points from the prior year.
Capital Allocation
Funko invested $33.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 0.5% from the prior year.
FNKO Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $200.9M-26.4% | $273.1M+8.8% | $250.9M+29.7% | $193.5M+1.4% | $190.7M-35.1% | $293.7M+0.3% | $292.8M+18.2% | $247.7M |
| Cost of Revenue | $112.1M-30.6% | $161.5M+7.5% | $150.2M+14.2% | $131.4M+15.4% | $113.9M-32.8% | $169.3M-2.1% | $173.0M+20.4% | $143.6M |
| Gross Profit | $88.8M-20.4% | $111.6M+10.8% | $100.8M+62.4% | $62.0M-19.3% | $76.9M-38.2% | $124.4M+3.8% | $119.8M+15.1% | $104.0M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $83.7M-7.9% | $90.9M+13.9% | $79.8M-3.0% | $82.3M-3.0% | $84.8M-17.5% | $102.8M+10.9% | $92.7M+19.0% | $77.9M |
| Operating Income | -$9.6M-261.3% | $6.0M-7.1% | $6.4M+118.5% | -$34.7M-49.8% | -$23.2M-527.6% | $5.4M-53.8% | $11.7M+9.4% | $10.7M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $3.2M+119.6% | $1.4M+16.9% | $1.2M+44.8% | $848K+0.5% | $844K-50.5% | $1.7M+45.7% | $1.2M+48.3% | $789K |
| Net Income | -$18.1M-8005.4% | -$223K-124.8% | $901K+102.2% | -$40.5M-46.8% | -$27.6M-1761.5% | -$1.5M-134.2% | $4.3M-15.3% | $5.1M |
| EPS (Diluted) | $-0.33 | N/A | $0.02+102.7% | $-0.74-42.3% | $-0.52 | N/A | $0.08-20.0% | $0.10 |
FNKO Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $625.9M-8.7% | $685.2M-2.0% | $699.3M+0.6% | $694.9M+7.2% | $648.4M-8.3% | $707.3M-9.7% | $783.6M+6.2% | $737.8M |
| Current Assets | $241.1M-17.0% | $290.4M-3.2% | $299.9M+4.2% | $287.8M+21.6% | $236.7M-17.5% | $287.1M-19.2% | $355.2M+17.3% | $302.7M |
| Cash & Equivalents | $34.3M-18.6% | $42.1M+7.6% | $39.2M-20.3% | $49.2M+89.5% | $25.9M-25.2% | $34.7M+21.4% | $28.5M-31.3% | $41.6M |
| Inventory | $76.8M-7.6% | $83.1M-16.7% | $99.8M-1.5% | $101.3M+15.5% | $87.7M-5.2% | $92.6M-21.9% | $118.6M+8.8% | $109.0M |
| Accounts Receivable | $90.7M-22.5% | $117.0M-8.9% | $128.4M+28.5% | $100.0M+10.0% | $90.8M-24.2% | $119.9M-30.6% | $172.7M+41.3% | $122.2M |
| Goodwill | $133.8M-0.1% | $133.9M0.0% | $133.9M-0.1% | $134.0M+0.2% | $133.8M+0.1% | $133.7M-0.2% | $133.9M+0.2% | $133.7M |
| Total Liabilities | $456.7M-8.5% | $499.4M-3.3% | $516.6M+0.6% | $513.7M+17.9% | $435.6M-8.1% | $474.2M-13.3% | $547.1M+6.4% | $514.2M |
| Current Liabilities | $210.3M-13.8% | $243.9M-46.7% | $457.4M+1.8% | $449.5M+61.6% | $278.2M-9.0% | $305.8M-16.9% | $368.2M+11.9% | $329.0M |
| Long-Term Debt | $196.2M-3.0% | $202.2M+14471.0% | $1.4M-49.6% | $2.8M-97.1% | $94.6M-5.7% | $100.3M-5.3% | $106.0M-5.1% | $111.6M |
| Total Equity | $169.1M-9.0% | $185.8M+1.7% | $182.7M+0.8% | $181.2M-14.9% | $212.8M-8.7% | $233.0M-1.5% | $236.5M+5.8% | $223.5M |
| Retained Earnings | -$194.2M-10.3% | -$176.1M-0.1% | -$176.0M+0.5% | -$176.9M-29.7% | -$136.4M-25.4% | -$108.8M-1.4% | -$107.3M+3.9% | -$111.6M |
FNKO Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $10.2M-63.9% | $28.1M+150.0% | $11.2M+150.7% | -$22.2M+0.4% | -$22.3M-137.2% | $59.8M+1686.1% | $3.3M-92.7% | $45.9M |
| Capital Expenditures | $8.2M-7.8% | $8.9M+13.3% | $7.9M-18.7% | $9.7M+47.4% | $6.6M-45.4% | $12.0M+59.2% | $7.5M-17.2% | $9.1M |
| Free Cash Flow | $1.9M-89.9% | $19.2M+467.1% | $3.4M+110.6% | -$31.8M-10.5% | -$28.8M-160.3% | $47.8M+1241.0% | -$4.2M-111.4% | $36.8M |
| Investing Cash Flow | -$8.2M+7.5% | -$8.9M-14.1% | -$7.8M+12.4% | -$8.9M-39.7% | -$6.4M+46.3% | -$11.8M-60.1% | -$7.4M+15.4% | -$8.7M |
| Financing Cash Flow | -$9.5M+40.0% | -$15.8M0.0% | -$15.8M-129.1% | $54.3M+181.1% | $19.3M+147.5% | -$40.7M-337.8% | -$9.3M+57.5% | -$21.8M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
FNKO Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 44.2%+3.3pp | 40.9%+0.7pp | 40.2%+8.1pp | 32.1%-8.2pp | 40.3%-2.0pp | 42.4%+1.4pp | 40.9%-1.1pp | 42.0% |
| Operating Margin | -4.8%-7.0pp | 2.2%-0.4pp | 2.6%+20.5pp | -18.0%-5.8pp | -12.2%-14.0pp | 1.8%-2.2pp | 4.0%-0.3pp | 4.3% |
| Net Margin | -9.0%-8.9pp | -0.1%-0.4pp | 0.4%+21.3pp | -20.9%-6.5pp | -14.5%-14.0pp | -0.5%-2.0pp | 1.5%-0.6pp | 2.1% |
| Return on Equity | -10.7%-10.6pp | -0.1%-0.6pp | 0.5%+22.8pp | -22.4%-9.4pp | -13.0%-12.3pp | -0.6%-2.5pp | 1.8%-0.5pp | 2.3% |
| Return on Assets | -2.9%-2.9pp | -0.0%-0.2pp | 0.1%+6.0pp | -5.8%-1.6pp | -4.3%-4.0pp | -0.2%-0.8pp | 0.5%-0.1pp | 0.7% |
| Current Ratio | 1.15-0.0 | 1.19+0.5 | 0.66+0.0 | 0.64-0.2 | 0.85-0.1 | 0.94-0.0 | 0.96+0.0 | 0.92 |
| Debt-to-Equity | 1.16+0.1 | 1.09+1.1 | 0.010.0 | 0.02-0.4 | 0.44+0.0 | 0.43-0.0 | 0.45-0.1 | 0.50 |
| FCF Margin | 1.0%-6.1pp | 7.0%+5.7pp | 1.4%+17.8pp | -16.5%-1.3pp | -15.1%-31.4pp | 16.3%+17.7pp | -1.4%-16.3pp | 14.8% |
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Frequently Asked Questions
What is Funko's annual revenue?
Funko (FNKO) reported $908.2M in total revenue for fiscal year 2025. This represents a -13.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Funko's revenue growing?
Funko (FNKO) revenue declined by 13.5% year-over-year, from $1.0B to $908.2M in fiscal year 2025.
Is Funko profitable?
No, Funko (FNKO) reported a net income of -$67.4M in fiscal year 2025, with a net profit margin of -7.4%.
What is Funko's EBITDA?
Funko (FNKO) had EBITDA of $13.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Funko have?
As of fiscal year 2025, Funko (FNKO) had $42.1M in cash and equivalents against $202.2M in long-term debt.
What is Funko's gross margin?
Funko (FNKO) had a gross margin of 38.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Funko's operating margin?
Funko (FNKO) had an operating margin of -5.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Funko's net profit margin?
Funko (FNKO) had a net profit margin of -7.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Funko's return on equity (ROE)?
Funko (FNKO) has a return on equity of -36.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Funko's free cash flow?
Funko (FNKO) generated -$38.1M in free cash flow during fiscal year 2025. This represents a -142.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Funko's operating cash flow?
Funko (FNKO) generated -$5.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Funko's total assets?
Funko (FNKO) had $685.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Funko's capital expenditures?
Funko (FNKO) invested $33.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Funko's current ratio?
Funko (FNKO) had a current ratio of 1.19 as of fiscal year 2025, which is considered adequate.
What is Funko's debt-to-equity ratio?
Funko (FNKO) had a debt-to-equity ratio of 1.09 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Funko's return on assets (ROA)?
Funko (FNKO) had a return on assets of -9.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Funko's cash runway?
Based on fiscal year 2025 data, Funko (FNKO) had $42.1M in cash against an annual operating cash burn of $5.1M. This gives an estimated cash runway of approximately 99 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Funko's Altman Z-Score?
Funko (FNKO) has an Altman Z-Score of 1.19, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Funko's Piotroski F-Score?
Funko (FNKO) has a Piotroski F-Score of 2 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Funko's earnings high quality?
Funko (FNKO) has an earnings quality ratio of 0.08x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Funko?
Funko (FNKO) scores 19 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.