Funko SEC Filings

Funko, Inc. filed its Q3 2025 10‑Q reporting weaker sales and heightened liquidity risk. Net sales were $250.9 million, down 14.3% year over year, and quarterly net income was $0.9 million versus $4.6 million a year ago. Gross margin was 40.2% compared with 40.9%.

For the nine months, the company posted a net loss of $68.1 million as operating cash flow swung to a use of $33.2 million. Management disclosed “substantial doubt” about continuing as a going concern, citing forecast covenant shortfalls and working capital pressure. The Fourth Amendment to its credit agreement waived leverage and coverage tests for Q2 and Q3, but the company anticipates noncompliance at December 31, 2025. Revolver borrowings rose to $135.0 million from $60.0 million, and the current portion of long‑term debt increased to $104.6 million.

As of November 4, 2025, shares outstanding were 54,742,995 Class A and 647,833 Class B.

Funko, Inc. (FNKO) filed an 8-K announcing results for the three and nine months ended September 30, 2025. The company furnished a press release as Exhibit 99.1 and presentation materials for upcoming investor meetings as Exhibit 99.2.

Items 2.02 and 7.01, including Exhibit 99.1, are furnished and not deemed “filed” under Section 18 of the Exchange Act, nor incorporated by reference except as specifically stated. The report was signed by Chief Financial Officer Yves Le Pendeven.

Funko, Inc. (FNKO) director Michael C. Lunsford reported a stock sale. On 05/28/2021, he sold 5,208 shares of Class A common stock at a weighted average price of $26.03, with trades executed between $25.94 and $26.19.

Following the transaction, he beneficially owned 14,036 shares directly. The filing also updates his holdings to remove 6,300 shares that were previously inadvertently included beginning in a filing on June 7, 2024.

Funko, Inc. filed an amended Form 3 for its CFO. The filing reports derivative holdings consisting of a stock option for 83,900 shares of Class A common stock at an exercise price of $6.37, expiring on 03/13/2034, and 33,600 restricted stock units.

The option vested 25% on the first anniversary of March 13, 2024, with the remaining 75% vesting in 36 equal monthly installments thereafter, subject to continued employment. The 33,600 RSUs vest in four equal annual installments on each of the first through fourth anniversaries of March 13, 2024, subject to continued employment.

Josh Simon, identified as Chief Executive Officer and a director of Funko, Inc. (FNKO), reported grants of restricted stock units on 09/01/2025. The filing shows two awards: 1,000,000 RSUs that vest in four equal annual installments beginning on the first anniversary of September 1, 2025 (with full vesting on a change in control), and 750,000 RSUs with mixed time- and performance-based vesting. The 750,000 RSUs vest one-third over three years and two-thirds only if stock-price hurdles of $8.00 and $20.00 (measured by a 45-trading-day trailing average or change-in-control price) are achieved before the seventh anniversary, subject to continued service. Each RSU converts to one share of Class A common stock or cash at the issuer’s election. The Form 4 was signed by an attorney-in-fact on behalf of Mr. Simon on 09/03/2025.

Josh Simon, identified as Chief Executive Officer and a Director of Funko, Inc. (FNKO), filed an initial Form 3 reporting the event date 09/01/2025. The filing states that the reporting person does not beneficially own any securities of the issuer. The form includes an Exhibit 24 power of attorney and is signed by Tracy Daw as attorney-in-fact on 09/03/2025.

Funko, Inc. describes its core business as designing and selling licensed pop-culture products under brands including Funko, Loungefly and Mondo, spanning vinyl figures, non-fungible tokens, vinyl records, limited-edition posters, personalized products (e.g., Pop! Yourself), micro collectibles and blind-box mystery figures. The company states it targets sports, music and video-game fandoms and positions itself at the intersection of pop culture and the growing "kidult" market. The prospectus supplement confirms a one-to-one relationship between shares of Class A common stock and common units of FAH, LLC (and similarly describes a one-to-one relationship for Class B common stock held by Continuing Equity Owners). The document includes a detailed discussion of U.S. federal tax consequences for Non-U.S. Holders, including withholding, treaty relief, effective connection rules, branch profits tax, documentation requirements (Forms W-8 series) and information-reporting considerations. The supplement refers readers to the underlying registration statement and filed exhibits for complete agreements and financial information.

Funko, Inc. disclosed an amendment to its Stockholders Agreement with TCG Fuji 3.0, LP that changes how certain at-the-market share issuances affect TCG-related consent rights. The amendment specifies that up to $40 million of Class A common stock issued in at-the-market offerings will be excluded from the 22% beneficial ownership threshold used to determine whether TCG-related parties retain consent rights. The filing identifies the Amendment dated August 14, 2025 and the Cover Page Interactive Data File dated August 15, 2025. The document is signed by Tracy D. Daw, Chief Legal Officer and Secretary.

Cooper Creek Partners Management LLC reported a material passive stake in Funko, Inc., owning 4,390,494 shares, representing 8.0% of the outstanding common stock, on a Schedule 13G (Amendment No. 11). The filing identifies the reporting person as an investment adviser (IA) and shows the position as a disclosed, non-group holding.

The filer reports sole voting and sole dispositive power over all shares and certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. Items addressing ownership on behalf of others or group affiliations are marked Not Applicable.