Welcome to our dedicated page for Funko SEC filings (Ticker: FNKO), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Funko, Inc. filings document the company’s operating results, governance and capital structure as a Nasdaq-listed issuer of Class A common stock. Form 8-K reports furnish quarterly and annual financial results, Regulation FD presentation materials, material credit-agreement amendments, executive employment arrangements, board changes and stockholder-agreement amendments.
Proxy materials cover director elections, executive compensation, equity awards and shareholder voting matters. The filings also identify Funko Acquisition Holdings, L.L.C. and domestic subsidiaries in financing arrangements, and record debt covenants, consent rights and governance provisions tied to the company’s pop culture consumer-products business.
Q2 2025 snapshot: Net sales fell 21.9 % YoY to $193.5 m as retailers curtailed orders; U.S. revenue dropped 27.7 % while Europe slipped 4.3 %. Core Collectibles declined 15.7 % and Loungefly 23.2 %. Gross margin contracted 9.9 ppt to 32.1 % on higher freight and inventory reserves, driving an operating loss of $34.7 m versus a $10.7 m profit last year. Net loss reached $41.0 m (-$0.74 EPS) versus $5.4 m income in Q2 2024.
Six-month view: Sales down 17 % to $384.2 m; net loss widened to $69.1 m. Operating cash outflow was $44.4 m, reversing a $60.4 m inflow last year.
Balance sheet stress: Cash rose to $49.2 m, but the revolver balance surged to $145 m and term-loan debt of $104.2 m is now classified current due to forecast covenant breaches. Current liabilities exceed current assets by $161.7 m. Amendment No.4 waives leverage and coverage covenants for Q2–Q3 2025 and raises pricing by 400 bps, yet management still expects non-compliance by Q4 and flags “substantial doubt” about going-concern status. The company is evaluating cost cuts, refinancing, equity issuance and strategic alternatives, including a potential sale.
Key metrics: Adj. EBITDA –$16.5 m (vs. +$27.9 m); weighted-avg. shares 54.7 m A, 0.65 m B; inventory $101.3 m; working-capital deficit $161.7 m.
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.