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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 | -36.2% | -13.5% | - |
| 2024 | $1.0B | $73M | $-15M | $91M | -6.2% | -4.2% | - |
| 2023 | $1.1B | $56M | $-154M | $-4M | -64.7% | -17.1% | - |
| 2022 | $1.3B | $35M | $-8M | $-99M | -2.1% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 1,322.71 | 1,096.09 | 1,049.85 | 908.21 |
| Cost Of Revenue | 888.68 | 763.09 | 615.32 | 556.94 |
| Gross Profit | 434.02 | 333 | 434.53 | 351.27 |
| Operating Expense | 445.94 | 436.83 | 421.54 | 396.81 |
| Operating Income | -11.92 | -103.83 | 12.99 | -45.54 |
| EBITDA | 35.21 | 55.79 | 72.65 | 14.34 |
| EBIT | -12.71 | -3.97 | 10.07 | -44.76 |
| Pretax Income | -23.04 | -31.94 | -10.51 | -63.94 |
| Tax Provision | -17.80 | 132.50 | 4.56 | 4.36 |
| Net Income | -8.04 | -154.08 | -14.72 | -67.36 |
| Net Income Common Stockholders | -8.04 | -154.08 | -14.72 | -67.36 |
| Total Expenses | 1,334.63 | 1,199.91 | 1,036.86 | 953.75 |
| Interest Expense | 10.33 | 27.97 | 20.57 | 19.18 |
| Selling General And Administration | 398.27 | 377.06 | 358.96 | 337.71 |
| Normalized EBITDA | 35.21 | -43.94 | 72.65 | 14.34 |
| Normalized Income | -8.04 | -232.86 | -14.72 | -67.36 |
| Basic EPS | -0.18 | -3.19 | -0.28 | -1.24 |
| Diluted EPS | -0.18 | -3.19 | -0.28 | -1.24 |
| Tax Effect Of Unusual Items | 0 | 20.94 | 0 | 0 |
| Tax Rate For Calcs | 0.21 | 0.21 | 0.21 | 0.21 |
| Total Unusual Items | 0 | 99.73 | 0 | 0 |
| Total Unusual Items Excluding Goodwill | 0 | 99.73 | 0 | 0 |
| Net Income From Continuing Operation Net Minority Interest | -8.04 | -154.08 | -14.72 | -67.36 |
| Reconciled Depreciation | 47.92 | 57.39 | 62.58 | 59.10 |
| Reconciled Cost Of Revenue | 888.43 | 765.46 | 615.32 | 556.94 |
| Net Interest Income | -10.33 | -27.97 | -20.57 | -19.18 |
| Net Income From Continuing And Discontinued Operation | -8.04 | -154.08 | -14.72 | -67.36 |
| Total Operating Income As Reported | -11.92 | -103.83 | 12.99 | -45.54 |
| Diluted Average Shares | 44.55 | 48.33 | 52.04 | 54.39 |
| Basic Average Shares | 44.55 | 48.33 | 52.04 | 54.39 |
| Diluted NI Availto Com Stockholders | -8.04 | -154.08 | -14.72 | -67.36 |
| Average Dilution Earnings | 0 | 0 | 0 | 0 |
| Minority Interests | -2.79 | 10.36 | 0.35 | 0.94 |
| Net Income Including Noncontrolling Interests | -5.24 | -164.44 | -15.07 | -68.30 |
| Net Income Continuous Operations | -5.24 | -164.44 | -15.07 | -68.30 |
| Other Income Expense | -0.79 | 99.86 | -2.92 | 0.79 |
| Other Non Operating Income Expenses | -0.79 | 0.13 | -2.92 | 0.79 |
| Special Income Charges | 0 | 99.73 | 0 | 0 |
| Other Special Charges | 0 | -99.73 | 0 | 0 |
| Net Non Operating Interest Income Expense | -10.33 | -27.97 | -20.57 | -19.18 |
| Interest Expense Non Operating | 10.33 | 27.97 | 20.57 | 19.18 |
| 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 |
| Operating Revenue | 1,322.71 | 1,096.09 | 1,049.85 | 908.21 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Funko, Inc.this co. | FNKO | $238M | - | 1.27 | -36.2% | 35.98 |
| JAKKS Pacific, Inc. | JAKK | $246M | 25.00 | 0.98 | 4.0% | 10.15 |
| Escalade, Incorporated | ESCA | $242M | 17.72 | 1.39 | 7.9% | 10.43 |
| Jack in the Box Inc. | JACK | $235M | - | -0.25 | 8.6% | 11.54 |
| Flexsteel Industries, Inc. | FLXS | $232M | 10.38 | 1.64 |
| 12.0% |
| 7.51 |
| The Lovesac Company | LOVE | $231M | 55.79 | 1.04 | 1.9% | 15.51 |
| 1-800-FLOWERS.COM, Inc. | FLWS | $224M | - | 0.77 | -74.5% | -13.32 |
| Black Rock Coffee Bar, Inc. | BRCB | $221M | - | 4.68 | -0.1% | 31.19 |
| RCI Hospitality Holdings, Inc. | RICK | $220M | 20.50 | 0.84 | 4.1% | 8.28 |
| Peer Median | - | 20.50 | 1.01 | 4.1% | 10.29 | |