Funko, Inc.

Funko, Inc. reported net sales of $908.2 million for FY 2025, representing a decline from $1,049.9 million in FY 2024. The company incurred a net loss of $68.3 million, significantly wider than the $15.1 million net loss in the prior year. Key drivers of the loss included a $45.5 million operating loss, $19.2 million in net interest expense, and $4.4 million in income tax expense. The company generated negative operating cash flow of $5.1 million, offset by $42.0 million in net cash from financing activities, resulting in a net cash increase of $7.5 million. Total assets stood at $685.2 million with total debt of $219.9 million. The company's performance reflects challenges in the retail environment, inventory management, and macroeconomic pressures.

Key Takeaways