Funko (FNKO) Financials

$3.46 -0.05 (-1.42%)

Closing price 04:00 PM Eastern

Extended Trading

$3.52 +0.06 (+1.71%)

As of 05:47 PM Eastern

Annual Income Statements for Funko

This table shows Funko's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-8.04	-154	-15
Consolidated Net Income / (Loss)	-5.24	-164	-15
Net Income / (Loss) Continuing Operations	-5.24	-164	-15
Total Pre-Tax Income	-23	-32	-11
Total Operating Income	-12	-104	13
Total Gross Profit	434	333	435
Total Revenue	1,323	1,096	1,050
Operating Revenue	1,323	1,096	1,050
Total Cost of Revenue	889	763	615
Operating Cost of Revenue	889	763	615
Total Operating Expenses	446	437	422
Selling, General & Admin Expense	398	377	359
Depreciation Expense	48	60	63
Total Other Income / (Expense), net	-11	72	-23
Interest Expense	0.00	0.49	0.00
Interest & Investment Income	-10	-28	-21
Other Income / (Expense), net	-0.79	100	-2.92
Income Tax Expense	-18	132	4.56
Net Income / (Loss) Attributable to Noncontrolling Interest	2.80	-10	-0.35
Basic Earnings per Share	($0.18)	($3.19)	($0.28)
Weighted Average Basic Shares Outstanding	44.55M	48.33M	52.04M
Diluted Earnings per Share	($0.18)	($3.19)	($0.28)
Weighted Average Diluted Shares Outstanding	44.55M	48.33M	52.04M
Weighted Average Basic & Diluted Shares Outstanding	50.52M	53.07M	54.54M

This table shows Funko's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	9.63	-42	-55	-73	-15	-11	-23	5.12	4.33	-1.50
Consolidated Net Income / (Loss)	11	-47	-61	-76	-16	-11	-24	5.42	4.60	-1.42
Net Income / (Loss) Continuing Operations	11	-47	-61	-76	-16	-11	-24	5.42	4.60	-1.42
Total Pre-Tax Income	13	-62	-71	62	-13	-9.57	-23	6.21	5.77	0.29
Total Operating Income	17	-58	-64	-31	-5.45	-3.40	-15	11	12	5.43
Total Gross Profit	128	94	50	70	104	109	86	104	120	124
Total Revenue	366	333	252	240	313	291	216	248	293	294
Operating Revenue	366	333	252	240	313	291	216	248	293	294
Total Cost of Revenue	238	239	202	170	209	182	129	144	173	169
Operating Cost of Revenue	238	239	202	170	209	182	129	144	173	169
Total Operating Expenses	110	152	114	101	109	113	101	93	108	119
Selling, General & Admin Expense	98	139	100	86	94	97	86	78	93	103
Depreciation Expense	13	13	14	15	15	15	16	15	15	16
Total Other Income / (Expense), net	-3.90	-3.51	-7.00	93	-7.70	-6.17	-7.86	-4.52	-5.97	-5.14
Interest & Investment Income	-2.98	-4.48	-5.69	-7.26	-7.60	-7.42	-6.31	-5.08	-4.97	-4.21
Other Income / (Expense), net	-0.93	0.97	-0.82	0.40	-0.10	101	-1.55	0.56	-1.00	-0.93
Income Tax Expense	2.34	-15	-10	138	3.08	1.64	0.90	0.79	1.17	1.71
Net Income / (Loss) Attributable to Noncontrolling Interest	1.52	-4.48	-5.83	-2.86	-1.22	-0.45	-1.00	0.30	0.27	0.08
Basic Earnings per Share	$0.21	($0.98)	($1.17)	($1.54)	($0.31)	($0.17)	($0.45)	$0.10	$0.08	($0.01)
Weighted Average Basic Shares Outstanding	46.87M	44.55M	47.25M	47.43M	48.24M	48.33M	50.71M	52.11M	52.52M	52.04M
Diluted Earnings per Share	$0.19	($0.88)	($1.17)	($1.54)	($0.31)	($0.17)	($0.45)	$0.10	$0.08	($0.01)
Weighted Average Diluted Shares Outstanding	49.69M	44.55M	47.25M	47.43M	48.24M	48.33M	50.71M	52.60M	53.43M	52.04M
Weighted Average Basic & Diluted Shares Outstanding	50.48M	50.52M	50.69M	51.80M	52.68M	53.07M	53.60M	53.94M	54.16M	54.54M

This table details how cash moves in and out of Funko's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-64	17	-1.80
Net Cash From Operating Activities	-40	31	124
Net Cash From Continuing Operating Activities	-40	31	124
Net Income / (Loss) Continuing Operations	-5.24	-164	-15
Consolidated Net Income / (Loss)	-5.24	-164	-15
Depreciation Expense	48	57	63
Non-Cash Adjustments To Reconcile Net Income	5.32	39	17
Changes in Operating Assets and Liabilities, net	-88	99	59
Net Cash From Investing Activities	-78	-40	-25
Net Cash From Continuing Investing Activities	-78	-40	-25
Purchase of Property, Plant & Equipment	-59	-35	-33
Acquisitions	-19	-5.36	0.00
Sale of Property, Plant & Equipment	0.00	0.00	6.75
Other Investing Activities, net	0.56	0.70	0.81
Net Cash From Financing Activities	55	26	-99
Net Cash From Continuing Financing Activities	55	26	-99
Repayment of Debt	-67	-44	-130
Payment of Dividends	-11	-1.12	0.00
Issuance of Debt	140	71	40
Other Financing Activities, net	-7.72	-0.00	-8.96
Effect of Exchange Rate Changes	-0.80	0.52	-0.85
Cash Interest Paid	8.86	25	21
Cash Income Taxes Paid	22	1.06	3.90

This table details how cash moves in and out of Funko's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	-31	-5.85	16	2.03	-4.94	4.57	-10	15	-13	6.11
Net Cash From Operating Activities	-35	25	-30	18	9.17	34	15	46	3.35	60
Net Cash From Continuing Operating Activities	-35	25	-30	18	9.17	34	15	46	3.35	60
Net Income / (Loss) Continuing Operations	11	-47	-61	-76	-16	-11	-24	5.42	4.60	-1.42
Consolidated Net Income / (Loss)	11	-47	-61	-76	-16	-11	-24	5.42	4.60	-1.42
Depreciation Expense	13	14	14	14	15	15	15	16	15	16
Non-Cash Adjustments To Reconcile Net Income	9.63	-14	2.43	-96	2.74	130	4.43	3.31	2.52	7.07
Changes in Operating Assets and Liabilities, net	-68	73	14	176	7.91	-100	18	22	-19	38
Net Cash From Investing Activities	-12	-18	-18	-9.78	-8.02	-4.21	2.76	-8.75	-7.40	-12
Net Cash From Continuing Investing Activities	-12	-18	-18	-9.78	-8.02	-4.21	2.76	-8.75	-7.40	-12
Purchase of Property, Plant & Equipment	-13	-12	-13	-9.97	-8.15	-4.27	-4.16	-9.10	-7.54	-12
Other Investing Activities, net	0.72	-0.22	0.23	0.19	0.13	0.15	0.16	0.36	0.14	0.15
Net Cash From Financing Activities	15	-12	64	-6.54	-5.66	-26	-27	-22	-9.29	-41
Net Cash From Continuing Financing Activities	15	-12	64	-6.54	-5.66	-26	-27	-22	-9.29	-41
Repayment of Debt	-4.91	-53	-7.58	-6.45	-5.66	-25	-27	-22	-25	-56
Issuance of Debt	20	50	71	-	-	-	0.00	-	25	15
Effect of Exchange Rate Changes	0.42	-0.27	0.15	0.12	-0.43	0.69	-0.17	0.15	0.34	-1.17

This table presents Funko's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Total Assets	1,091	799	707
Total Current Assets	473	337	287
Cash & Equivalents	19	36	35
Accounts Receivable	168	131	120
Inventories, net	246	119	93
Prepaid Expenses	40	50	40
Plant, Property, & Equipment, net	102	91	78
Total Noncurrent Assets	516	370	342
Goodwill	131	134	134
Intangible Assets	181	167	152
Other Noncurrent Operating Assets	79	69	57
Total Liabilities & Shareholders' Equity	1,091	799	707
Total Liabilities	701	561	471
Total Current Liabilities	361	353	306
Short-Term Debt	92	143	83
Accounts Payable	68	53	63
Accrued Expenses	182	140	143
Other Current Liabilities	19	17	17
Total Noncurrent Liabilities	340	208	165
Long-Term Debt	154	131	100
Noncurrent Deferred Revenue	3.92	5.48	4.41
Other Noncurrent Operating Liabilities	82	71	60
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	390	238	236
Total Preferred & Common Equity	368	232	233
Total Common Equity	368	232	233
Common Stock	311	326	343
Retained Earnings	60	-94	-109
Accumulated Other Comprehensive Income / (Loss)	-2.60	-0.18	-1.68
Noncontrolling Interest	21	6.10	3.33

This table presents Funko's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	1,137	1,059	898	880	725	738	784
Total Current Assets	519	436	406	405	278	303	355
Cash & Equivalents	25	35	37	32	26	42	29
Accounts Receivable	190	161	137	167	101	122	173
Inventories, net	266	192	187	162	112	109	119
Prepaid Expenses	38	48	45	44	39	30	35
Plant, Property, & Equipment, net	99	105	104	95	86	81	79
Total Noncurrent Assets	519	517	387	380	362	354	350
Goodwill	131	135	136	136	134	134	134
Intangible Assets	180	179	175	171	163	159	156
Other Noncurrent Operating Assets	90	79	76	73	65	61	60
Total Liabilities & Shareholders' Equity	1,137	1,059	898	880	725	738	784
Total Liabilities	704	725	635	637	508	511	543
Total Current Liabilities	377	395	410	422	318	329	368
Short-Term Debt	107	163	163	163	129	112	117
Accounts Payable	88	56	81	70	48	63	78
Accrued Expenses	162	157	146	170	122	137	155
Other Current Liabilities	18	19	18	18	17	17	17
Total Noncurrent Liabilities	327	331	225	216	190	181	175
Long-Term Debt	143	148	142	137	117	112	106
Noncurrent Deferred Revenue	2.90	3.50	5.42	4.66	4.70	5.03	5.63
Other Noncurrent Operating Liabilities	80	-	-	74	67	65	63
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	432	333	263	243	218	227	240
Total Preferred & Common Equity	406	318	251	232	212	224	237
Total Common Equity	406	318	251	232	212	224	237
Common Stock	310	315	320	319	330	336	340
Retained Earnings	102	4.70	-68	-83	-117	-112	-107
Accumulated Other Comprehensive Income / (Loss)	-5.85	-1.67	-0.43	-3.03	-0.79	-0.66	3.95
Noncontrolling Interest	26	16	12	10	5.06	3.70	3.92

This table displays calculated financial ratios and metrics derived from Funko's official financial filings.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-
Revenue Growth	28.51%	-17.13%	-4.22%
EBITDA Growth	-73.71%	53.11%	34.76%
EBIT Growth	-113.70%	72.64%	389.59%
NOPAT Growth	-110.94%	-771.03%	112.51%
Net Income Growth	-107.72%	-3,038.13%	90.84%
EPS Growth	-116.67%	-1,672.22%	91.22%
Operating Cash Flow Growth	-145.94%	177.08%	299.30%
Free Cash Flow Firm Growth	-15,499.54%	177.84%	45.62%
Invested Capital Growth	14.84%	-22.90%	-19.07%
Revenue Q/Q Growth	-0.24%	-3.67%	0.24%
EBITDA Q/Q Growth	-68.65%	152.90%	-55.77%
EBIT Q/Q Growth	-118.87%	97.80%	-90.23%
NOPAT Q/Q Growth	-111.96%	34.49%	211.83%
Net Income Q/Q Growth	-108.90%	17.75%	39.38%
EPS Q/Q Growth	-118.18%	18.21%	36.36%
Operating Cash Flow Q/Q Growth	28.48%	42.68%	26.63%
Free Cash Flow Firm Q/Q Growth	32.15%	88.82%	27.78%
Invested Capital Q/Q Growth	-6.28%	-6.91%	-11.66%
Profitability Metrics	-	-	-
Gross Margin	32.81%	30.38%	41.39%
EBITDA Margin	2.66%	4.92%	6.92%
Operating Margin	-0.90%	-9.47%	1.24%
EBIT Margin	-0.96%	-0.32%	0.96%
Profit (Net Income) Margin	-0.40%	-15.00%	-1.44%
Tax Burden Percent	22.74%	514.82%	143.44%
Interest Burden Percent	181.33%	918.64%	-104.34%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-1.45%	-13.32%	2.12%
ROIC Less NNEP Spread (ROIC-NNEP)	0.25%	-52.89%	-10.43%
Return on Net Nonoperating Assets (RNNOA)	0.11%	-39.07%	-8.47%
Return on Equity (ROE)	-1.33%	-52.39%	-6.35%
Cash Return on Invested Capital (CROIC)	-15.26%	12.55%	23.20%
Operating Return on Assets (OROA)	-1.23%	-0.37%	1.34%
Return on Assets (ROA)	-0.51%	-17.40%	-2.00%
Return on Common Equity (ROCE)	-1.17%	-50.09%	-6.23%
Return on Equity Simple (ROE_SIMPLE)	-1.42%	-70.90%	-6.47%
Net Operating Profit after Tax (NOPAT)	-8.34	-73	9.09
NOPAT Margin	-0.63%	-6.63%	0.87%
Net Nonoperating Expense Percent (NNEP)	-1.69%	39.57%	12.54%
Return On Investment Capital (ROIC_SIMPLE)	-1.31%	-14.21%	2.17%
Cost of Revenue to Revenue	67.19%	69.62%	58.61%
SG&A Expenses to Revenue	30.11%	34.40%	34.19%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	33.71%	39.85%	40.15%
Earnings before Interest and Taxes (EBIT)	-13	-3.48	10
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	35	54	73
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.50	1.76	3.11
Price to Tangible Book Value (P/TBV)	9.91	0.00	0.00
Price to Revenue (P/Rev)	0.42	0.37	0.69
Price to Earnings (P/E)	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.30	1.37	2.28
Enterprise Value to Revenue (EV/Rev)	0.60	0.59	0.84
Enterprise Value to EBITDA (EV/EBITDA)	22.69	12.06	12.07
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	87.06
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	96.40
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	21.03	7.10
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	9.50	8.79
Leverage & Solvency	-	-	-
Debt to Equity	0.63	1.15	0.77
Long-Term Debt to Equity	0.39	0.55	0.42
Financial Leverage	0.47	0.74	0.81
Leverage Ratio	2.62	3.01	3.17
Compound Leverage Factor	4.75	27.65	-3.31
Debt to Total Capital	38.68%	53.47%	43.61%
Short-Term Debt to Total Capital	14.48%	27.87%	19.68%
Long-Term Debt to Total Capital	24.20%	25.60%	23.93%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.38%	1.19%	0.80%
Common Equity to Total Capital	57.94%	45.34%	55.59%
Debt to EBITDA	6.98	5.07	2.52
Net Debt to EBITDA	6.44	4.40	2.04
Long-Term Debt to EBITDA	4.37	2.43	1.38
Debt to NOPAT	-29.46	-3.76	20.10
Net Debt to NOPAT	-27.16	-3.26	16.29
Long-Term Debt to NOPAT	-18.43	-1.80	11.03
Altman Z-Score	1.84	1.61	2.21
Noncontrolling Interest Sharing Ratio	12.26%	4.39%	1.99%
Liquidity Ratios	-	-	-
Current Ratio	1.31	0.95	0.94
Quick Ratio	0.52	0.47	0.51
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-88	68	100
Operating Cash Flow to CapEx	-67.85%	88.06%	474.42%
Free Cash Flow to Firm to Interest Expense	0.00	138.63	0.00
Operating Cash Flow to Interest Expense	0.00	62.62	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	-8.49	0.00
Efficiency Ratios	-	-	-
Asset Turnover	1.29	1.16	1.39
Accounts Receivable Turnover	7.44	7.34	8.37
Inventory Turnover	4.31	4.17	5.80
Fixed Asset Turnover	16.43	11.33	12.37
Accounts Payable Turnover	14.23	12.66	10.60
Days Sales Outstanding (DSO)	49.06	49.74	43.58
Days Inventory Outstanding (DIO)	84.78	87.51	62.89
Days Payable Outstanding (DPO)	25.65	28.84	34.42
Cash Conversion Cycle (CCC)	108.20	108.41	72.05
Capital & Investment Metrics	-	-	-
Invested Capital	616	475	385
Invested Capital Turnover	2.29	2.01	2.44
Increase / (Decrease) in Invested Capital	80	-141	-91
Enterprise Value (EV)	799	650	877
Market Capitalization	551	407	725
Book Value per Share	$7.29	$4.40	$4.30
Tangible Book Value per Share	$1.10	($1.31)	($0.96)
Total Capital	636	512	419
Total Debt	246	274	183
Total Long-Term Debt	154	131	100
Net Debt	227	237	148
Capital Expenditures (CapEx)	59	35	26
Debt-free, Cash-free Net Working Capital (DFCFNWC)	185	90	29
Debt-free Net Working Capital (DFNWC)	204	127	64
Net Working Capital (NWC)	112	-16	-19
Net Nonoperating Expense (NNE)	-3.10	92	24
Net Nonoperating Obligations (NNO)	227	237	148
Total Depreciation and Amortization (D&A)	48	57	63
Debt-free, Cash-free Net Working Capital to Revenue	13.96%	8.23%	2.77%
Debt-free Net Working Capital to Revenue	15.41%	11.55%	6.07%
Net Working Capital to Revenue	8.45%	-1.46%	-1.78%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($0.18)	($3.19)	($0.28)
Adjusted Weighted Average Basic Shares Outstanding	44.55M	48.33M	52.04M
Adjusted Diluted Earnings per Share	($0.18)	($3.19)	($0.28)
Adjusted Weighted Average Diluted Shares Outstanding	44.55M	48.33M	52.04M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	50.52M	53.07M	54.54M
Normalized Net Operating Profit after Tax (NOPAT)	-8.34	-73	9.09
Normalized NOPAT Margin	-0.63%	-6.63%	0.87%
Pre Tax Income Margin	-1.74%	-2.91%	-1.00%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	-7.04	0.00
NOPAT to Interest Expense	0.00	-147.12	0.00
EBIT Less CapEx to Interest Expense	0.00	-78.15	0.00
NOPAT Less CapEx to Interest Expense	0.00	-218.24	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	-204.39%	-0.68%	0.00%
Augmented Payout Ratio	-204.39%	-0.68%	0.00%

This table displays calculated financial ratios and metrics derived from Funko's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	36.56%	-0.96%	-18.31%	-23.97%	-14.40%	-12.55%	-14.36%	3.18%	-6.45%	0.86%
EBITDA Growth	-21.34%	-232.53%	-272.26%	-179.37%	-68.84%	357.73%	98.11%	270.17%	184.41%	-81.59%
EBIT Growth	-38.32%	-348.84%	-436.41%	-453.96%	-133.68%	270.73%	74.79%	137.49%	293.58%	-95.39%
NOPAT Growth	-27.39%	-300.66%	-385.59%	80.16%	-126.54%	94.14%	76.88%	-74.81%	345.26%	-1,035.71%
Net Income Growth	-39.33%	-367.64%	-521.16%	-580.35%	-245.52%	76.00%	61.29%	107.14%	128.33%	87.33%
EPS Growth	-32.14%	-403.45%	-608.70%	-650.00%	-263.16%	80.68%	61.54%	106.49%	125.81%	94.12%
Operating Cash Flow Growth	-569.27%	186.44%	-31.87%	353.81%	126.54%	37.70%	147.93%	151.66%	-63.50%	76.86%
Free Cash Flow Firm Growth	-556.60%	-116.88%	-113.20%	149.63%	177.49%	215.39%	227.66%	87.05%	-41.08%	-54.17%
Invested Capital Growth	43.53%	14.84%	26.22%	-10.82%	-22.39%	-22.90%	-36.40%	-32.60%	-14.72%	-19.07%
Revenue Q/Q Growth	15.80%	-8.91%	-24.37%	-4.70%	30.38%	-6.94%	-25.94%	14.82%	18.21%	0.33%
EBITDA Q/Q Growth	46.31%	-247.62%	-18.33%	68.78%	157.43%	1,121.07%	-100.86%	2,908.45%	-4.01%	-20.95%
EBIT Q/Q Growth	93.56%	-446.67%	-14.35%	53.87%	81.58%	1,857.13%	-116.88%	168.61%	-4.88%	-58.12%
NOPAT Q/Q Growth	-30.38%	-382.74%	-11.03%	182.43%	-110.26%	37.60%	-338.29%	189.81%	-0.14%	-388.93%
Net Income Q/Q Growth	-29.41%	-518.87%	-30.93%	-24.07%	78.61%	30.92%	-111.15%	122.90%	-15.17%	-130.89%
EPS Q/Q Growth	-32.14%	-563.16%	-32.95%	-31.62%	79.87%	45.16%	-164.71%	122.22%	-20.00%	-112.50%
Operating Cash Flow Q/Q Growth	-380.83%	171.07%	-223.31%	160.24%	-49.71%	268.66%	-57.08%	216.32%	-92.71%	1,686.14%
Free Cash Flow Firm Q/Q Growth	17.22%	35.00%	-56.42%	158.97%	29.25%	-3.22%	73.06%	-13.60%	-59.29%	-24.72%
Invested Capital Q/Q Growth	-3.51%	-6.28%	11.71%	-11.72%	-16.02%	-6.91%	-7.84%	-6.46%	6.26%	-11.66%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	34.98%	28.32%	19.68%	29.17%	33.24%	37.57%	40.00%	42.01%	40.92%	42.35%
EBITDA Margin	8.07%	-13.08%	-20.36%	-6.67%	2.94%	38.55%	-0.45%	11.00%	8.93%	7.04%
Operating Margin	4.76%	-17.43%	-25.59%	-12.71%	-1.74%	-1.17%	-6.91%	4.33%	4.01%	1.85%
EBIT Margin	4.50%	-17.14%	-25.92%	-12.55%	-1.77%	33.47%	-7.63%	4.56%	3.67%	1.53%
Profit (Net Income) Margin	3.05%	-14.02%	-24.28%	-31.61%	-5.18%	-3.85%	-10.97%	2.19%	1.57%	-0.48%
Tax Burden Percent	82.64%	75.85%	85.56%	-121.88%	123.40%	117.12%	103.95%	87.29%	79.71%	-498.25%
Interest Burden Percent	81.92%	107.85%	109.47%	-206.68%	237.03%	-9.82%	138.35%	54.99%	53.71%	6.34%
Effective Tax Rate	17.36%	0.00%	0.00%	221.88%	0.00%	0.00%	0.00%	12.71%	20.29%	598.25%
Return on Invested Capital (ROIC)	9.34%	-28.00%	-36.77%	28.62%	-2.37%	-1.64%	-9.10%	7.94%	7.08%	-22.48%
ROIC Less NNEP Spread (ROIC-NNEP)	7.26%	-31.30%	-43.29%	-8.66%	-7.41%	-5.45%	-13.70%	6.44%	5.02%	-9.18%
Return on Net Nonoperating Assets (RNNOA)	2.79%	-14.60%	-28.60%	-7.69%	-5.41%	-4.03%	-14.31%	6.93%	4.81%	-7.46%
Return on Equity (ROE)	12.13%	-42.60%	-65.37%	20.93%	-7.78%	-5.67%	-23.41%	14.87%	11.88%	-29.93%
Cash Return on Invested Capital (CROIC)	-23.24%	-15.26%	-34.09%	-3.29%	6.21%	12.55%	117.50%	37.16%	16.51%	23.20%
Operating Return on Assets (OROA)	5.82%	-22.03%	-32.43%	-14.67%	-2.00%	38.82%	-9.06%	5.95%	4.62%	2.13%
Return on Assets (ROA)	3.94%	-18.02%	-30.37%	-36.96%	-5.85%	-4.46%	-13.04%	2.86%	1.98%	-0.67%
Return on Common Equity (ROCE)	10.67%	-37.38%	-57.69%	19.77%	-7.36%	-5.42%	-22.53%	14.40%	11.53%	-29.34%
Return on Equity Simple (ROE_SIMPLE)	14.51%	0.00%	-25.47%	-68.80%	-86.01%	0.00%	-59.75%	-20.43%	-10.51%	0.00%
Net Operating Profit after Tax (NOPAT)	14	-41	-45	37	-3.81	-2.38	-10	9.37	9.36	-27
NOPAT Margin	3.93%	-12.20%	-17.91%	15.50%	-1.22%	-0.82%	-4.84%	3.78%	3.20%	-9.20%
Net Nonoperating Expense Percent (NNEP)	2.08%	3.30%	6.53%	37.28%	5.04%	3.81%	4.60%	1.50%	2.06%	-13.29%
Return On Investment Capital (ROIC_SIMPLE)	-	-6.40%	-	-	-	-0.47%	-	-	-	-6.45%
Cost of Revenue to Revenue	65.02%	71.68%	80.32%	70.83%	66.76%	62.43%	60.00%	57.99%	59.08%	57.65%
SG&A Expenses to Revenue	26.79%	41.81%	39.73%	35.68%	30.03%	33.44%	39.68%	31.45%	31.65%	35.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	30.22%	45.76%	45.27%	41.88%	34.98%	38.73%	46.91%	37.68%	36.91%	40.51%
Earnings before Interest and Taxes (EBIT)	16	-57	-65	-30	-5.55	97	-16	11	11	4.50
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	30	-44	-51	-16	9.19	112	-0.97	27	26	21
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.50	1.50	1.50	2.19	1.70	1.76	1.56	2.34	2.79	3.11
Price to Tangible Book Value (P/TBV)	10.73	9.91	156.92	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.76	0.42	0.38	0.46	0.35	0.37	0.31	0.49	0.63	0.69
Price to Earnings (P/E)	22.11	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.92	1.30	1.23	1.49	1.32	1.37	1.27	1.73	1.97	2.28
Enterprise Value to Revenue (EV/Rev)	0.95	0.60	0.67	0.76	0.59	0.59	0.53	0.66	0.82	0.84
Enterprise Value to EBITDA (EV/EBITDA)	11.27	22.69	0.00	0.00	0.00	12.06	5.28	4.81	5.22	12.07
Enterprise Value to EBIT (EV/EBIT)	18.79	0.00	0.00	0.00	0.00	0.00	12.27	8.17	8.33	87.06
Enterprise Value to NOPAT (EV/NOPAT)	18.14	0.00	0.00	0.00	0.00	0.00	1.35	0.00	294.18	96.40
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	31.10	21.03	7.35	6.86	8.80	7.10
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	18.59	9.50	0.84	3.75	10.99	8.79
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.58	0.63	1.17	1.45	1.23	1.15	1.13	0.99	0.93	0.77
Long-Term Debt to Equity	0.33	0.39	0.68	0.83	0.56	0.55	0.54	0.49	0.44	0.42
Financial Leverage	0.38	0.47	0.66	0.89	0.73	0.74	1.04	1.08	0.96	0.81
Leverage Ratio	2.54	2.62	2.72	2.98	2.99	3.01	3.24	3.34	3.44	3.17
Compound Leverage Factor	2.08	2.82	2.98	-6.16	7.08	-0.30	4.48	1.84	1.85	0.20
Debt to Total Capital	36.65%	38.68%	53.92%	59.24%	55.23%	53.47%	53.11%	49.63%	48.16%	43.61%
Short-Term Debt to Total Capital	15.74%	14.48%	22.51%	25.27%	30.05%	27.87%	27.85%	24.89%	25.31%	19.68%
Long-Term Debt to Total Capital	20.91%	24.20%	31.41%	33.97%	25.18%	25.60%	25.26%	24.74%	22.85%	23.93%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.88%	3.38%	2.18%	1.85%	1.90%	1.19%	1.09%	0.82%	0.85%	0.80%
Common Equity to Total Capital	59.47%	57.94%	43.91%	38.91%	42.87%	45.34%	45.80%	49.55%	50.99%	55.59%
Debt to EBITDA	2.23	6.98	-8.68	-4.67	-2.94	5.07	2.34	1.52	1.36	2.52
Net Debt to EBITDA	2.00	6.44	-7.91	-4.22	-2.63	4.40	2.09	1.24	1.19	2.04
Long-Term Debt to EBITDA	1.27	4.37	-5.06	-2.68	-1.34	2.43	1.11	0.76	0.65	1.38
Debt to NOPAT	3.59	-29.46	-5.79	-4.02	-2.70	-3.76	0.60	-24.57	76.60	20.10
Net Debt to NOPAT	3.23	-27.16	-5.28	-3.63	-2.41	-3.26	0.54	-20.01	66.81	16.29
Long-Term Debt to NOPAT	2.05	-18.43	-3.37	-2.31	-1.23	-1.80	0.29	-12.25	36.34	11.03
Altman Z-Score	2.35	1.71	1.44	1.62	1.49	2.02	1.49	1.86	1.90	2.18
Noncontrolling Interest Sharing Ratio	12.00%	12.26%	11.75%	5.51%	5.45%	4.39%	3.78%	3.19%	2.95%	1.99%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.38	1.31	1.11	0.99	0.96	0.95	0.87	0.92	0.96	0.94
Quick Ratio	0.57	0.52	0.50	0.43	0.47	0.47	0.40	0.50	0.55	0.51
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-185	-120	-188	111	143	139	240	208	84	64
Operating Cash Flow to CapEx	-261.79%	200.56%	-237.49%	182.96%	112.52%	791.62%	0.00%	504.04%	44.42%	498.39%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-380.84	0.00	0.00	1.39	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	-61.28	0.00	0.00	0.34	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	-87.08	0.00	0.00	0.30	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.29	1.29	1.25	1.17	1.13	1.16	1.19	1.31	1.26	1.39
Accounts Receivable Turnover	7.72	7.44	7.25	7.15	6.38	7.34	8.07	8.22	6.17	8.37
Inventory Turnover	4.29	4.31	5.05	4.03	3.83	4.17	4.54	4.48	4.47	5.80
Fixed Asset Turnover	17.29	16.43	13.40	11.97	11.73	11.33	11.12	11.55	12.03	12.37
Accounts Payable Turnover	11.48	14.23	16.13	8.68	10.36	12.66	13.36	9.21	8.46	10.60
Days Sales Outstanding (DSO)	47.29	49.06	50.38	51.06	57.23	49.74	45.20	44.38	59.17	43.58
Days Inventory Outstanding (DIO)	85.07	84.78	72.29	90.58	95.23	87.51	80.34	81.47	81.57	62.89
Days Payable Outstanding (DPO)	31.81	25.65	22.62	42.06	35.23	28.84	27.32	39.62	43.16	34.42
Cash Conversion Cycle (CCC)	100.55	108.20	100.04	99.58	117.23	108.41	98.22	86.23	97.59	72.05
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	658	616	688	608	510	475	438	410	435	385
Invested Capital Turnover	2.38	2.29	2.05	1.85	1.95	2.01	1.88	2.10	2.22	2.44
Increase / (Decrease) in Invested Capital	199	80	143	-74	-147	-141	-251	-198	-75	-91
Enterprise Value (EV)	1,265	799	847	905	674	650	557	709	858	877
Market Capitalization	1,014	551	476	548	396	407	331	523	659	725
Book Value per Share	$8.10	$7.29	$6.29	$4.95	$4.49	$4.40	$4.00	$4.17	$4.38	$4.30
Tangible Book Value per Share	$1.89	$1.10	$0.06	($1.19)	($1.44)	($1.31)	($1.59)	($1.30)	($0.98)	($0.96)
Total Capital	683	636	723	645	542	512	464	451	464	419
Total Debt	250	246	390	382	300	274	246	224	223	183
Total Long-Term Debt	143	154	227	219	137	131	117	112	106	100
Net Debt	225	227	355	345	268	237	220	182	195	148
Capital Expenditures (CapEx)	13	12	13	9.97	8.15	4.27	-2.60	9.10	7.54	12
Debt-free, Cash-free Net Working Capital (DFCFNWC)	224	185	170	122	114	90	63	44	76	29
Debt-free Net Working Capital (DFNWC)	249	204	204	159	146	127	89	86	104	64
Net Working Capital (NWC)	142	112	42	-3.79	-17	-16	-40	-26	-13	-19
Net Nonoperating Expense (NNE)	3.23	6.06	16	113	12	8.83	13	3.95	4.76	-26
Net Nonoperating Obligations (NNO)	225	227	355	345	268	237	220	182	195	148
Total Depreciation and Amortization (D&A)	13	14	14	14	15	15	15	16	15	16
Debt-free, Cash-free Net Working Capital to Revenue	16.91%	13.96%	13.39%	10.27%	10.04%	8.23%	5.94%	4.16%	7.25%	2.77%
Debt-free Net Working Capital to Revenue	18.80%	15.41%	16.14%	13.36%	12.85%	11.55%	8.40%	8.06%	9.97%	6.07%
Net Working Capital to Revenue	10.69%	8.45%	3.28%	-0.32%	-1.48%	-1.46%	-3.79%	-2.47%	-1.24%	-1.78%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.21	($0.98)	($1.17)	($1.54)	($0.31)	($0.17)	($0.45)	$0.10	$0.08	($0.01)
Adjusted Weighted Average Basic Shares Outstanding	46.87M	44.55M	47.25M	47.43M	48.24M	48.33M	50.71M	52.11M	52.52M	52.04M
Adjusted Diluted Earnings per Share	$0.19	($0.88)	($1.17)	($1.54)	($0.31)	($0.17)	($0.45)	$0.10	$0.08	($0.01)
Adjusted Weighted Average Diluted Shares Outstanding	49.69M	44.55M	47.25M	47.43M	48.24M	48.33M	50.71M	52.60M	53.43M	52.04M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	50.48M	50.52M	50.69M	51.80M	52.68M	53.07M	53.60M	53.94M	54.16M	54.54M
Normalized Net Operating Profit after Tax (NOPAT)	14	-41	-45	-21	-3.81	-2.38	-10	9.37	9.36	3.80
Normalized NOPAT Margin	3.93%	-12.20%	-17.91%	-8.90%	-1.22%	-0.82%	-4.84%	3.78%	3.20%	1.29%
Pre Tax Income Margin	3.69%	-18.49%	-28.37%	25.93%	-4.20%	-3.29%	-10.55%	2.51%	1.97%	0.10%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	-132.15	0.00	0.00	0.98	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	-91.34	0.00	0.00	-0.02	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	-157.95	0.00	0.00	0.94	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	-117.14	0.00	0.00	-0.07	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	17.82%	-204.39%	0.00%	0.00%	0.00%	-0.68%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	17.82%	-204.39%	0.00%	0.00%	0.00%	-0.68%	0.00%	0.00%	0.00%	0.00%

Key Financial Trends

Funko (NASDAQ:FNKO) has experienced notable financial fluctuations over the past four years, as revealed by analysis of their quarterly income statements, cash flow statements, and balance sheets. Key takeaways and trends from the data are summarized below.

Revenue Growth Trend: Operating revenue increased from $251.9 million in Q1 2023 to $293.7 million in Q4 2024, showing steady top-line growth.
Improving Gross Profit: Gross profit grew from $49.6 million in Q1 2023 to $124.4 million in Q4 2024, indicating improved product profitability and operational efficiency.
Operating Expenses Contained: Despite revenue growth, selling, general & administrative (SG&A) expenses have been managed with moderate increases, contributing to improved operating income trends.
Positive Operating Cash Flow Recently: Net cash from operating activities rebounded strongly to $59.8 million in Q4 2024 from negative levels in early 2023, reflecting improved cash generation.
Investments in Property and Equipment: Capital expenditure varied but remained significant, reflecting investments in operational infrastructure; e.g., $11.995 million in Q4 2024.
Fluctuating Net Income: Funko showed net losses in several quarters, including a severe loss of $23.7 million in Q1 2024, but net income nearly breakeven in Q4 2024 (-$1.5 million), signaling volatility in profitability.
Interest and Other Income Expense Volatility: The company experienced substantial swings in other income/expense lines, notably large negative interest and investment income impacting net income.
Significant Debt Activity: The company has engaged in active debt management, repaying $55.7 million in Q4 2024 while issuing $15 million, showing efforts to balance debt levels.
Net Losses Persist: Despite improved gross profit and revenue, the company continues to report net losses or marginal profits in recent quarters, indicating ongoing challenges to sustained profitability.
High Liabilities Relative to Equity: Total liabilities have remained significantly high relative to equity, with Q3 2024 liabilities at $543 million vs. equity of $236 million, indicating financial leverage risk.

In summary, Funko has shown encouraging revenue and gross profit growth accompanied by strengthened cash flow from operations in recent quarters. However, the company still faces profitability challenges and elevated liabilities. Investors should monitor whether recent operational improvements translate into sustained net income gains and balance sheet strengthening.

08/29/25 05:51 PM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About Funko's Financials

When does Funko's fiscal year end?

According to the most recent income statement we have on file, Funko's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Funko's net income changed over the last 2 years?

Funko's net income appears to be on an upward trend, with a most recent value of -$15.07 million in 2024, rising from -$5.24 million in 2022. The previous period was -$164.44 million in 2023. Find out what analysts predict for Funko in the coming months.

What is Funko's operating income?

Funko's total operating income in 2024 was $12.99 million, based on the following breakdown:

Total Gross Profit: $434.53 million
Total Operating Expenses: $421.54 million

How has Funko's revenue changed over the last 2 years?

Over the last 2 years, Funko's total revenue changed from $1.32 billion in 2022 to $1.05 billion in 2024, a change of -20.6%.

How much debt does Funko have?

Funko's total liabilities were at $470.90 million at the end of 2024, a 16.0% decrease from 2023, and a 32.9% decrease since 2022.

How much cash does Funko have?

In the past 2 years, Funko's cash and equivalents has ranged from $19.20 million in 2022 to $36.45 million in 2023, and is currently $34.66 million as of their latest financial filing in 2024.

How has Funko's book value per share changed over the last 2 years?

Over the last 2 years, Funko's book value per share changed from 7.29 in 2022 to 4.30 in 2024, a change of -41.0%.

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This page (NASDAQ:FNKO) was last updated on 8/29/2025 by MarketBeat.com Staff

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Funko (FNKO) Financials

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Funko (FNKO) Financials

Annual Income Statements for Funko

Quarterly Income Statements for Funko

Annual Cash Flow Statements for Funko

Quarterly Cash Flow Statements for Funko

Annual Balance Sheets for Funko

Quarterly Balance Sheets for Funko

Annual Metrics And Ratios for Funko

Quarterly Metrics And Ratios for Funko

Key Financial Trends

Financials Breakdown Chart

Frequently Asked Questions About Funko's Financials

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Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools