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Funko, Inc., a pop culture consumer products company, designs, manufactures, and markets licensed pop culture products in the United States, Europe, and internationally. It offers media and entertainment content, including movies, television (TV) shows, video games, music, and sports; figures, handbags, backpacks, wallets, apparel, accessories, plush products, homewares, and digital tokens; and art prints and vinyl records, posters, toys, apparel, books, games, and other collectibles. The company markets its products under the Pop!, Loungefly, Funko, Mystery Minis, Bitty Pop!, Funko action figures, Funko Plush, and Funko Soda brands; and licenses its properties under the classic evergreen, movie release, current TV, and current video game categories. The company sells its products through specialty retailers, mass-market retailers, e-commerce sites, and distributors; and at specialty licensing and comic book shows, conventions, and exhibitions, as well as through its e-commerce business. The company was founded in 1998 and is headquartered in Everett, Washington.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $908M | $14M | $-67M | $-38M | -36.3% | -13.5% | 357.7% |
| 2024 | $1.0B | $73M | $-15M | $91M | -6.3% | -4.2% | -90.4% |
| 2023 | $1.1B | $56M | $-154M | $-4M | -66.4% | -17.1% | 1817.6% |
| 2022 | $1.3B | $35M | $-8M | $-99M | -2.2% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,322.71 | 1,096.09 | 1,049.85 | 908.21 |
| Operating Revenue | - | 1,322.71 | 1,096.09 | 1,049.85 | 908.21 |
| Cost Of Revenue | - | 888.68 | 763.08 | 615.32 | 556.94 |
| Gross Profit | - | 434.02 | 333 | 434.53 | 351.27 |
| Operating Expense | - | 445.94 | 436.83 | 421.54 | 396.81 |
| Selling General And Administration | - | 398.27 | 377.06 | 358.96 | 337.72 |
| Total Expenses | - | 1,334.63 | 1,199.91 | 1,036.86 | 953.75 |
| Operating Income | - | -11.92 | -103.83 | 12.99 | -45.54 |
| Total Operating Income As Reported | - | -11.92 | -103.83 | 12.99 | -45.54 |
| EBITDA | - | 35.21 | 55.79 | 72.65 | 14.34 |
| Normalized EBITDA | - | 35.21 | -43.94 | 72.65 | 14.34 |
| EBIT | - | -12.71 | -3.97 | 10.07 | -44.76 |
| Interest Expense | - | 10.33 | 27.97 | 20.58 | 19.18 |
| Net Interest Income | - | -10.33 | -27.97 | -20.58 | -19.18 |
| Other Non Operating Income Expenses | - | -0.79 | 0.13 | -2.92 | 0.78 |
| Other Income Expense | - | -0.79 | 99.86 | -2.92 | 0.78 |
| Interest Expense Non Operating | - | 10.33 | 27.97 | 20.58 | 19.18 |
| Net Non Operating Interest Income Expense | - | -10.33 | -27.97 | -20.58 | -19.18 |
| Pretax Income | - | -23.04 | -31.94 | -10.51 | -63.94 |
| Tax Provision | - | -17.80 | 132.50 | 4.56 | 4.36 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 20.94 | 0 | 0 |
| Net Income Continuous Operations | - | -5.24 | -164.44 | -15.07 | -68.30 |
| Net Income From Continuing And Discontinued Operation | - | -8.04 | -154.08 | -14.72 | -67.36 |
| Net Income From Continuing Operation Net Minority Interest | - | -8.04 | -154.08 | -14.72 | -67.36 |
| Net Income | - | -8.04 | -154.08 | -14.72 | -67.36 |
| Net Income Common Stockholders | - | -8.04 | -154.08 | -14.72 | -67.36 |
| Net Income Including Noncontrolling Interests | - | -5.24 | -164.44 | -15.07 | -68.30 |
| Normalized Income | - | -8.04 | -232.86 | -14.72 | -67.36 |
| Diluted NI Availto Com Stockholders | - | -8.04 | -154.08 | -14.72 | -67.36 |
| Basic Average Shares | - | 44.56 | 48.33 | 52.04 | 54.39 |
| Diluted Average Shares | - | 44.56 | 48.33 | 52.04 | 54.39 |
| Reconciled Depreciation | - | 47.92 | 57.39 | 62.58 | 59.10 |
| Reconciled Cost Of Revenue | - | 888.44 | 765.46 | 615.32 | 556.94 |
| Total Unusual Items | - | 0 | 99.73 | 0 | 0 |
| Total Unusual Items Excluding Goodwill | - | 0 | 99.73 | 0 | 0 |
| Minority Interests | - | -2.80 | 10.36 | 0.35 | 0.94 |
| Special Income Charges | - | 0 | 99.73 | 0 | 0 |
| Other Special Charges | 0.68 | - | -99.73 | - | - |
| Depreciation Amortization Depletion Income Statement | - | 47.67 | 59.76 | 62.58 | 59.10 |
| Depreciation And Amortization In Income Statement | - | 47.67 | 59.76 | 62.58 | 59.10 |
| Average Dilution Earnings | 0 | 0 | 0 | - | - |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Funko, Inc.this co. | FNKO | $295M | -4.39 | 1.59 | -36.3% | 38.08 |
| Holley Inc. | HLLY | $315M | 16.45 | 0.70 | 4.3% | 7.38 |
| Kingsway Financial Services Inc. | KFS | $307M | -28.62 | 20.25 | -70.7% | 562.48 |
| 1-800-FLOWERS.COM, Inc. | FLWS | $290M | - | 1.08 | -74.5% | - |
| Rocky Brands, Inc. | RCKY | $281M | 12.62 | 1.12 |
| - |
| - |
| - |
| - |
| 8.8% |
| 8.62 |
| Marine Products Corporation | MPX | $280M | 25.76 | 2.24 | 8.7% | 13.78 |
| Portillo's Inc. | PTLO | $276M | 14.26 | 0.59 | 4.1% | 12.18 |
| Xponential Fitness, Inc. | XPOF | $269M | -7.96 | -1.00 | 12.6% | 85.72 |
| LiveWire Group, Inc. | LVWR | $266M | -3.54 | 5.78 | -163.2% | -4.02 |
| Peer Median | - | 12.62 | 1.10 | 4.2% | 12.18 | |