Every 8-K that Funko, Inc. (FNKO) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow FNKO and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FNKO filings page.
Funko, Inc. reported strong Q2 2026 results with net sales of $207.7 million, up 7% from 2025, driven by 9% growth in Core Collectibles and 19.4% growth in Europe. Gross profit was $117.6 million with a record 56.6% margin, including a $25.4 million pre-tax benefit from expected tariff refunds and release of accrued tariffs; excluding this, gross margin was 44.4%.
Net income was $15.4 million, or $0.27 per diluted share, versus a $40.5 million loss a year earlier. Adjusted net income was $15.0 million ($0.26 per diluted share), and adjusted EBITDA was $40.9 million versus negative $16.5 million, or 7.5% of sales excluding the tariff benefit. SG&A fell to $79.7 million and improved to 38.4% of sales.
For the first half of 2026, operating cash flow was $23.6 million versus a $44.4 million use in 2025, and total debt declined to $201.1 million from $225.3 million, aided by a participation sale of $22.1 million in tariff claims for $19.2 million of proceeds, half used to repay the term loan. Management reiterated 2026 net sales guidance of flat to up 3% and raised full-year gross margin guidance to 46–47% and adjusted EBITDA to $100–$110 million, and guided Q3 net sales approximately flat year over year with 43–44% gross margin and $25–$30 million adjusted EBITDA.
Funko, Inc. reported the results of its annual stockholder meeting held on June 3, 2026. A total of 43,348,062 Class A and Class B shares were represented, about 77.5% of shares outstanding as of the April 10, 2026 record date, indicating strong participation.
Stockholders elected three Class III directors—Diane Irvine, Jesse Jacobs and Sarah Kirshbaum Levy—to terms ending at the 2029 annual meeting. They also ratified PricewaterhouseCoopers LLP as independent registered public accounting firm for the year ending December 31, 2026, and approved on an advisory basis the compensation of the company’s named executive officers.
Funko, Inc. reported a much stronger first quarter 2026, with results beating its own guidance and showing early turnaround signs. Net sales rose to $200.9 million from $190.7 million, helped by 17% year-over-year growth in Core Collectibles and solid European demand.
Gross margin improved to 44.2% from 40.3%, the highest level in the company’s history, driven by pricing, mix, fewer discounts and renewed licensing agreements with lower minimum royalties. Adjusted EBITDA swung to a profit of $11.3 million from a loss of $4.7 million, while GAAP net loss narrowed to $18.1 million, or $0.33 per share.
Funko also reduced inventories to $76.8 million and cut total debt to $215.9 million. The company reiterated its 2026 outlook, targeting flat to 3% net sales growth versus 2025 and full-year adjusted EBITDA of $70 million to $80 million, and guided Q2 2026 net sales to $195 million–$205 million with adjusted EBITDA of $5 million–$10 million.
Funko, Inc. reported fourth-quarter 2025 net sales of $273.1 million, down from $293.7 million a year earlier, with gross margin at 40.9%. SG&A fell to $90.9 million, and net loss narrowed to $0.2 million, or $0.00 per share. Adjusted EBITDA was $23.3 million, or an 8.5% margin.
For full-year 2025, net sales were $908.2 million versus $1.05 billion and net loss widened to $67.4 million, or $1.24 per share. Adjusted EBITDA declined to $26.6 million from $94.7 million. The company ended 2025 with $42.1 million in cash, $83.1 million in inventories and total debt of $225.3 million.
Funko guided 2026 full-year net sales to be flat to up 3% versus 2025 and expects gross margin of about 41% to 43%. It projects 2026 adjusted EBITDA between $70 million and $80 million and first-quarter 2026 adjusted EBITDA around breakeven, assuming ongoing U.S. tariff rates of approximately 15%.
Funko, Inc. updated the role of senior executive Andrew Oddie through a new letter agreement dated March 4, 2026 between the company, its subsidiary Funko UK, Ltd, and Mr. Oddie. His job title changes to Chief International Officer, reflecting a focus on the company’s business outside the United States.
Under the revised terms, Mr. Oddie will no longer reside in the United States for employment purposes. His overall compensation remains unchanged, although the prior relocation terms from a September 9, 2024 letter will no longer apply except as expressly preserved in the new agreement.
Funko, Inc. disclosed that its subsidiary Funko Acquisition Holdings, L.L.C. and key domestic subsidiaries entered into a Fifth Amendment to their existing credit agreement with JPMorgan Chase Bank and other lenders. The amendment extends the loan maturity date from September 17, 2026 to December 31, 2027.
The lenders waive certain minimum fixed charge coverage and maximum net leverage covenants for multiple quarters in 2025 and 2026, add a minimum EBITDA covenant for the six‑month period ending June 30, 2026, and allow skipping some covenant tests if at least $10 million of voluntary prepayments are made for the relevant period. The amendment removes a 10 basis point SOFR credit spread adjustment but increases the loan margin to 450 basis points initially, with further increases outlined in the amended agreement.
The changes also modify amortization of term loans, introduce amortization and mandatory quarterly prepayments of revolving loans with cash and cash equivalents above $50 million, adjust financial reporting and affirmative covenants, and add new events of default, tightening ongoing lender protections while providing more time and flexibility on near‑term covenant pressure.
Funko, Inc. reported changes to its Board of Directors. On January 11, 2026, Michael Lunsford resigned from the Board, effective January 12, 2026. The company expressed appreciation for his service and contributions.
On the same date, the Board elected Reed Duchscher as a Class II director, effective January 12, 2026. Mr. Duchscher, age 36, is the Chief Executive Officer of Night Inc., a next-generation talent management and venture platform focused on influential creators, artists and brands. The Board cites his leadership experience and knowledge of the content creation industry as reasons for his appointment. He will be compensated under Funko’s Non-Employee Director Compensation Policy and is expected to enter into the company’s standard indemnification agreement.
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. 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.
Funko appointed Josh Simon as Chief Executive Officer effective September 1, 2025, replacing Interim CEO Michael Lunsford who will remain on the Board. Mr. Simon joins from Netflix where he led global consumer products and live experiences and previously held senior roles at Nike and The Walt Disney Company. His employment term is three years with automatic one-year renewals unless notice is given. Compensation includes a $1,000,000 base salary, an annual cash incentive target equal to 100% of base salary, relocation assistance up to $100,000, and a long-term equity target of at least $2,500,000 beginning in fiscal 2027. He received sign-on equity: 1,000,000 restricted stock units vesting over four years and 750,000 restricted stock units with time-based and stock-price performance vesting (price hurdles of $8.00 and $20.00 per share, each exercisable within seven years). The agreement includes severance protections (24 months base pay and COBRA reimbursement for eligible terminations) and customary restrictive covenants.
Funko, Inc. (FNKO) filed an amended Form 8-K to supplement its 7 July 2025 report regarding the appointment of Michael Lunsford as Interim CEO. The filing adds the 31 July 2025 letter agreement that governs Lunsford’s service. He will serve for a maximum of two months, or until a permanent CEO is hired. Compensation consists of (i) a $75,000 monthly cash fee and (ii) 10,000 restricted stock units per month, which vest at month-end subject to continued service. Lunsford may also participate in all standard company benefit plans. No other terms of the original report were modified, and the letter agreement is included as Exhibit 10.1.