What is Funko's operating income?

Funko's total operating income in 2025 was -$45.54 million, based on the following breakdown: Total Gross Profit: $351.27 million Total Operating Expenses: $396.81 million

Funko (FNKO) Financials

$5.81 +0.18 (+3.20%)

Closing price 07/21/2026 04:00 PM Eastern

Extended Trading

$5.77 -0.04 (-0.69%)

As of 07/21/2026 07:44 PM Eastern

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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	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	27	3.94	7.46	12	3.96	44	-8.04	-154	-15	-67
Consolidated Net Income / (Loss)	27	5.99	25	28	9.76	68	-5.24	-164	-15	-68
Net Income / (Loss) Continuing Operations	27	5.99	25	28	9.76	68	-5.24	-164	-15	-68
Total Pre-Tax Income	27	7.25	30	32	12	85	-23	-32	-11	-64
Total Operating Income	44	42	61	47	24	95	-12	-104	13	-46
Total Gross Profit	146	199	255	283	249	381	434	333	435	351
Total Revenue	427	516	686	795	653	1,029	1,323	1,096	1,050	908
Operating Revenue	427	516	686	795	653	1,029	1,323	1,096	1,050	908
Total Cost of Revenue	280	317	431	513	403	648	889	763	615	557
Operating Cost of Revenue	280	317	431	513	403	648	889	763	615	557
Total Operating Expenses	102	157	194	236	226	286	446	437	422	397
Selling, General & Admin Expense	78	121	155	194	181	244	398	377	359	338
Depreciation Expense	24	32	39	42	44	41	48	60	63	59
Total Other Income / (Expense), net	-17	-35	-30	-14	-12	-11	-11	72	-23	-18
Interest Expense	-	5.10	4.55	0.00	0.00	0.68	0.00	0.49	0.00	0.00
Interest & Investment Income	-17	-31	-22	-14	-11	-7.17	-10	-28	-21	-19
Other Income / (Expense), net	-	0.73	-4.08	0.03	-1.04	-2.71	-0.79	100	-2.92	0.79
Income Tax Expense	-	1.27	5.43	4.48	2.03	17	-18	132	4.56	4.36
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	18	16	5.80	24	2.80	-10	-0.35	-0.94
Basic Earnings per Share	-	-	$0.31	$0.38	$0.11	$1.14	($0.18)	($3.19)	($0.28)	($1.24)
Weighted Average Basic Shares Outstanding	-	93.10M	23.82M	30.90M	35.27M	38.39M	44.55M	48.33M	52.04M	54.39M
Diluted Earnings per Share	-	-	$0.29	$0.36	$0.11	$1.08	($0.18)	($3.19)	($0.28)	($1.24)
Weighted Average Diluted Shares Outstanding	-	93.10M	25.56M	32.93M	35.77M	40.61M	44.55M	48.33M	52.04M	54.39M
Weighted Average Basic & Diluted Shares Outstanding	-	93.10M	24M	49.46M	49.79M	50.79M	50.52M	53.07M	54.54M	55.54M

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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-15	-11	-23	5.12	4.33	-1.50	-28	-40	0.90	-0.18	-18
Consolidated Net Income / (Loss)	-16	-11	-24	5.42	4.60	-1.42	-28	-41	0.95	-0.18	-18
Net Income / (Loss) Continuing Operations	-16	-11	-24	5.42	4.60	-1.42	-28	-41	0.95	-0.18	-18
Total Pre-Tax Income	-13	-9.57	-23	6.21	5.77	0.29	-27	-40	2.18	1.26	-15
Total Operating Income	-5.45	-3.40	-15	11	12	5.43	-23	-35	6.43	5.97	-9.63
Total Gross Profit	104	109	86	104	120	124	77	62	101	112	89
Total Revenue	313	291	216	248	293	294	191	193	251	273	201
Operating Revenue	313	291	216	248	293	294	191	193	251	273	201
Total Cost of Revenue	209	182	129	144	173	169	114	131	150	161	112
Operating Cost of Revenue	209	182	129	144	173	169	114	131	150	161	112
Total Operating Expenses	109	113	101	93	108	119	100	97	94	106	98
Selling, General & Admin Expense	94	97	86	78	93	103	85	82	80	91	84
Depreciation Expense	15	15	16	15	15	16	15	15	15	15	15
Total Other Income / (Expense), net	-7.70	-6.17	-7.86	-4.52	-5.97	-5.14	-4.02	-5.41	-4.25	-4.72	-5.34
Interest & Investment Income	-7.60	-7.42	-6.31	-5.08	-4.97	-4.21	-3.85	-4.52	-5.61	-5.20	-4.88
Other Income / (Expense), net	-0.10	101	-1.55	0.56	-1.00	-0.93	-0.17	-0.89	1.36	0.48	-0.46
Income Tax Expense	3.08	1.64	0.90	0.79	1.17	1.71	0.84	0.85	1.23	1.44	3.15
Net Income / (Loss) Attributable to Noncontrolling Interest	-1.22	-0.45	-1.00	0.30	0.27	0.08	-0.47	-0.51	0.05	0.00	-0.05
Basic Earnings per Share	($0.31)	($0.17)	($0.45)	$0.10	$0.08	($0.01)	($0.52)	($0.74)	$0.02	-	($0.33)
Weighted Average Basic Shares Outstanding	48.24M	48.33M	50.71M	52.11M	52.52M	52.04M	53.53M	54.36M	54.65M	54.39M	55.42M
Diluted Earnings per Share	($0.31)	($0.17)	($0.45)	$0.10	$0.08	($0.01)	($0.52)	($0.74)	$0.02	-	($0.33)
Weighted Average Diluted Shares Outstanding	48.24M	48.33M	50.71M	52.60M	53.43M	52.04M	53.53M	54.36M	54.71M	54.39M	55.42M
Weighted Average Basic & Diluted Shares Outstanding	52.68M	53.07M	53.60M	53.94M	54.16M	54.54M	54.94M	55.37M	55.39M	55.54M	55.93M

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	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-18	1.63	5.76	12	27	31	-64	17	-1.80	7.49
Net Cash From Operating Activities	49	24	50	91	109	87	-40	31	124	-5.12
Net Cash From Continuing Operating Activities	49	24	50	91	109	87	-40	31	124	-5.12
Net Income / (Loss) Continuing Operations	27	5.99	25	28	9.76	68	-5.24	-164	-15	-68
Consolidated Net Income / (Loss)	27	5.99	25	28	9.76	68	-5.24	-164	-15	-68
Depreciation Expense	24	32	39	45	47	40	48	57	63	59
Non-Cash Adjustments To Reconcile Net Income	3.52	15	19	14	12	15	5.32	39	17	9.66
Changes in Operating Assets and Liabilities, net	-4.69	-29	-34	3.54	39	-37	-88	99	59	-5.58
Net Cash From Investing Activities	-22	-65	-28	-49	-18	-27	-78	-40	-25	-32
Net Cash From Continuing Investing Activities	-22	-65	-28	-49	-18	-27	-78	-40	-25	-32
Purchase of Property, Plant & Equipment	-21	-34	-27	-42	-18	-28	-59	-35	-33	-33
Acquisitions	-0.90	-32	-0.64	-6.37	0.00	0.20	-19	-5.36	0.00	0.00
Sale of Property, Plant & Equipment	-	-	-	-	-	-	0.00	0.00	6.75	0.00
Other Investing Activities, net	-	-	-	0.00	0.00	0.18	0.56	0.70	0.81	1.06
Net Cash From Financing Activities	-46	43	-15	-28	-63	-29	55	26	-99	42
Net Cash From Continuing Financing Activities	-46	43	-15	-28	-63	-29	55	26	-99	42
Repayment of Debt	-59	-228	-539	-49	-82	-199	-67	-44	-130	-43
Payment of Dividends	-70	-73	-20	-24	-3.58	-9.28	-11	-1.12	0.00	0.00
Issuance of Debt	105	240	546	42	28	180	140	71	40	85
Other Financing Activities, net	-22	-13	-2.48	2.04	-5.92	0.08	-7.72	-0.00	-8.96	0.00
Effect of Exchange Rate Changes	-	-	-	-2.05	0.11	-0.05	-0.80	0.52	-0.85	2.48
Cash Interest Paid	12	25	19	12	9.09	5.68	8.86	25	21	18
Cash Income Taxes Paid	-	0.00	2.31	14	4.17	1.46	22	1.06	3.90	5.36

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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-4.94	4.57	-10	15	-13	6.11	-8.72	23	-9.97	2.97	-7.85
Net Cash From Operating Activities	9.17	34	15	46	3.35	60	-22	-22	11	28	10
Net Cash From Continuing Operating Activities	9.17	34	15	46	3.35	60	-22	-22	11	28	10
Net Income / (Loss) Continuing Operations	-16	-11	-24	5.42	4.60	-1.42	-28	-41	0.95	-0.18	-18
Consolidated Net Income / (Loss)	-16	-11	-24	5.42	4.60	-1.42	-28	-41	0.95	-0.18	-18
Depreciation Expense	15	15	15	16	15	16	15	15	15	15	15
Non-Cash Adjustments To Reconcile Net Income	2.74	130	4.87	3.31	2.52	7.07	3.96	3.72	-1.07	3.05	2.39
Changes in Operating Assets and Liabilities, net	7.91	-100	18	22	-19	38	-13	0.58	-3.17	10	11
Net Cash From Investing Activities	-8.02	-4.21	2.76	-8.75	-7.40	-12	-6.36	-8.88	-7.78	-8.88	-8.21
Net Cash From Continuing Investing Activities	-8.02	-4.21	2.76	-8.75	-7.40	-12	-6.36	-8.88	-7.78	-8.88	-8.21
Purchase of Property, Plant & Equipment	-8.15	-4.27	-4.16	-9.10	-7.54	-12	-6.55	-9.66	-7.85	-8.90	-8.21
Other Investing Activities, net	0.13	0.15	0.16	0.36	0.14	0.15	0.19	0.78	0.07	0.02	0.00
Net Cash From Financing Activities	-5.66	-26	-27	-22	-9.29	-41	19	54	-16	-16	-9.48
Net Cash From Continuing Financing Activities	-5.66	-26	-27	-22	-9.29	-41	19	54	-16	-16	-9.48
Repayment of Debt	-5.66	-25	-27	-22	-25	-56	-5.67	-5.67	-16	-16	-9.48
Issuance of Debt	-	-	0.00	-	25	15	25	60	-	-	0.00
Other Net Changes in Cash	-	-	-	-	-	-	-	-	-	-	-0.31

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	2016	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2016	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	522	666	796	764	968	1,091	799	707	685
Total Current Assets	152	261	259	259	453	473	337	287	290
Cash & Equivalents	6.16	13	25	52	84	19	36	35	42
Accounts Receivable	84	149	152	132	188	168	131	120	117
Inventories, net	44	87	62	60	166	246	119	93	83
Prepaid Expenses	19	12	20	15	15	40	50	40	48
Plant, Property, & Equipment, net	25	44	66	56	59	102	91	78	69
Total Noncurrent Assets	344	361	472	448	456	516	370	342	326
Goodwill	97	116	125	125	127	131	134	134	134
Intangible Assets	244	234	221	206	190	181	167	152	136
Other Noncurrent Operating Assets	3.09	4.28	68	63	65	79	69	57	56
Total Liabilities & Shareholders' Equity	522	666	796	764	968	1,091	799	707	685
Total Liabilities	305	373	491	441	571	701	561	471	499
Total Current Liabilities	98	143	158	139	285	361	353	306	244
Short-Term Debt	39	31	40	11	17	92	143	83	23
Accounts Payable	24	36	43	29	57	68	53	63	65
Accrued Expenses	35	72	64	84	179	182	140	143	137
Other Current Liabilities	-	0.00	11	14	15	19	17	17	19
Total Noncurrent Liabilities	207	230	334	302	286	340	208	165	255
Long-Term Debt	204	217	203	180	156	154	131	100	202
Noncurrent Deferred Revenue	3.42	6.62	7.42	3.85	3.49	3.92	5.48	4.41	4.26
Other Noncurrent Operating Liabilities	-	0.00	62	58	-	82	71	60	49
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	217	293	305	322	397	390	238	236	186
Total Preferred & Common Equity	217	155	225	242	322	368	232	233	186
Total Common Equity	217	155	225	242	322	368	232	233	186
Common Stock	277	146	204	216	253	311	326	343	357
Retained Earnings	-60	8.72	20	24	68	60	-94	-109	-176
Accumulated Other Comprehensive Income / (Loss)	-	-0.17	0.79	1.72	1.08	-2.60	-0.18	-1.68	4.62
Noncontrolling Interest	-	139	80	80	75	21	6.10	3.33	0.32

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	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	1,137	1,059	898	880	725	738	784	648	695	699	626
Total Current Assets	519	436	406	405	278	303	355	237	288	300	241
Cash & Equivalents	25	35	37	32	26	42	29	26	49	39	34
Accounts Receivable	190	161	137	167	101	122	173	91	100	128	91
Inventories, net	266	192	187	162	112	109	119	88	101	100	77
Prepaid Expenses	38	48	45	44	39	30	35	32	37	33	39
Plant, Property, & Equipment, net	99	105	104	95	86	81	79	76	73	71	66
Total Noncurrent Assets	519	517	387	380	362	354	350	336	334	329	319
Goodwill	131	135	136	136	134	134	134	134	134	134	134
Intangible Assets	180	179	175	171	163	159	156	148	144	140	132
Other Noncurrent Operating Assets	90	79	76	73	65	61	60	55	57	55	53
Total Liabilities & Shareholders' Equity	1,137	1,059	898	880	725	738	784	648	695	699	626
Total Liabilities	704	725	635	637	508	511	543	434	513	516	456
Total Current Liabilities	377	395	410	422	318	329	368	278	449	457	210
Short-Term Debt	107	163	163	163	129	112	117	108	254	240	20
Accounts Payable	88	56	81	70	48	63	78	57	67	64	52
Accrued Expenses	162	157	146	170	122	137	155	96	111	135	121
Other Current Liabilities	18	19	18	18	17	17	17	17	19	19	18
Total Noncurrent Liabilities	327	331	225	216	190	181	175	156	63	58	246
Long-Term Debt	143	148	142	137	117	112	106	95	2.76	1.39	196
Noncurrent Deferred Revenue	2.90	3.50	5.42	4.66	4.70	5.03	5.63	4.17	4.48	4.31	4.36
Other Noncurrent Operating Liabilities	80	-	-	74	67	65	63	57	56	53	46
Commitments & Contingencies	0.00	0.00	0.00	0.00	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	214	182	184	169
Total Preferred & Common Equity	406	318	251	232	212	224	237	213	181	183	169
Total Common Equity	406	318	251	232	212	224	237	213	181	183	169
Common Stock	310	315	320	319	330	336	340	348	352	354	360
Retained Earnings	102	4.70	-68	-83	-117	-112	-107	-136	-177	-176	-194
Accumulated Other Comprehensive Income / (Loss)	-5.85	-1.67	-0.43	-3.03	-0.79	-0.66	3.95	0.81	6.44	4.54	3.61
Noncontrolling Interest	26	16	12	10	5.06	3.70	3.92	1.36	0.91	0.93	0.26

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

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	0.00	48,313,637.00	48,366,932.00	49,044,988.00	49,652,058.00	50,721,835.00	-	-	-	55,390,828.00
DEI Adjusted Shares Outstanding	0.00	48,313,637.00	48,366,932.00	49,044,988.00	49,652,058.00	50,721,835.00	-	-	-	55,390,828.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	0.08	0.15	0.24	0.08	0.87	-	-	-	-1.22
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	20.94%	32.94%	15.89%	-17.93%	57.74%	28.51%	-17.13%	-4.22%	-13.49%
EBITDA Growth	0.00%	11.19%	27.95%	-4.39%	-23.57%	89.72%	-73.71%	53.11%	34.76%	-80.26%
EBIT Growth	0.00%	-2.62%	32.07%	-17.86%	-51.76%	312.25%	-113.70%	72.64%	389.59%	-544.51%
NOPAT Growth	0.00%	-20.99%	43.41%	-19.73%	-51.44%	291.23%	-110.94%	-771.03%	112.51%	-450.57%
Net Income Growth	0.00%	-77.73%	318.68%	11.00%	-64.91%	595.01%	-107.72%	-3,038.13%	90.84%	-353.19%
EPS Growth	0.00%	0.00%	0.00%	24.14%	-69.44%	881.82%	-116.67%	-1,672.22%	91.22%	-342.86%
Operating Cash Flow Growth	0.00%	-51.81%	109.72%	81.56%	19.80%	-19.66%	-145.94%	177.08%	299.30%	-104.14%
Free Cash Flow Firm Growth	0.00%	0.00%	-197.59%	109.43%	79.58%	-99.29%	-15,499.54%	177.84%	45.62%	-116.70%
Invested Capital Growth	0.00%	-100.00%	0.00%	-0.92%	-11.73%	16.43%	14.84%	-22.90%	-19.07%	-3.96%
Revenue Q/Q Growth	0.00%	0.00%	10.24%	0.00%	2.03%	11.94%	-0.24%	-3.67%	0.24%	-2.22%
EBITDA Q/Q Growth	0.00%	0.00%	6.82%	0.00%	53.25%	0.86%	-68.65%	152.90%	-55.77%	4.08%
EBIT Q/Q Growth	0.00%	0.00%	11.24%	0.00%	751.98%	2.63%	-118.87%	97.80%	-90.23%	4.19%
NOPAT Q/Q Growth	0.00%	0.00%	-3.32%	0.00%	1,237.41%	4.99%	-111.96%	34.49%	211.83%	1.19%
Net Income Q/Q Growth	0.00%	0.00%	45.58%	0.00%	185.40%	3.89%	-108.90%	17.75%	39.38%	1.78%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	139.29%	2.86%	-118.18%	18.21%	36.36%	0.80%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	43.63%	0.00%	23.39%	-31.31%	28.48%	42.68%	26.63%	-119.27%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	108.47%	60.93%	-99.39%	32.15%	88.82%	27.78%	-194.62%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-1.62%	-3.75%	17.13%	-6.28%	-6.91%	-11.66%	-4.18%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	34.29%	38.52%	37.22%	35.53%	38.18%	37.01%	32.81%	30.38%	41.39%	38.68%
EBITDA Margin	15.91%	14.63%	14.08%	11.62%	10.82%	13.01%	2.66%	4.92%	6.92%	1.58%
Operating Margin	10.35%	8.19%	8.87%	5.86%	3.61%	9.27%	-0.90%	-9.47%	1.24%	-5.01%
EBIT Margin	10.35%	8.33%	8.28%	5.87%	3.45%	9.01%	-0.96%	-0.32%	0.96%	-4.93%
Profit (Net Income) Margin	6.30%	1.16%	3.65%	3.50%	1.50%	6.59%	-0.40%	-15.00%	-1.44%	-7.52%
Tax Burden Percent	100.00%	82.54%	82.19%	86.14%	82.82%	79.91%	22.74%	514.82%	143.44%	106.81%
Interest Burden Percent	60.89%	16.87%	53.71%	69.25%	52.39%	91.55%	181.33%	918.64%	-104.34%	142.85%
Effective Tax Rate	0.00%	17.46%	17.81%	13.86%	17.18%	20.09%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	9.72%	15.37%	18.98%	7.65%	3.97%	15.29%	-1.45%	-13.32%	2.12%	-8.46%
ROIC Less NNEP Spread (ROIC-NNEP)	2.43%	-9.06%	-2.37%	2.18%	-1.51%	9.24%	0.25%	-52.89%	-10.43%	-30.44%
Return on Net Nonoperating Assets (RNNOA)	2.64%	-9.86%	-1.89%	1.64%	-0.86%	3.58%	0.11%	-39.07%	-8.47%	-23.87%
Return on Equity (ROE)	12.37%	5.51%	17.09%	9.30%	3.11%	18.87%	-1.33%	-52.39%	-6.35%	-32.33%
Cash Return on Invested Capital (CROIC)	0.00%	215.37%	-181.02%	8.57%	16.43%	0.11%	-15.26%	12.55%	23.20%	-4.42%
Operating Return on Assets (OROA)	8.45%	16.46%	17.04%	6.38%	2.88%	10.72%	-1.23%	-0.37%	1.34%	-6.43%
Return on Assets (ROA)	5.15%	2.29%	7.52%	3.80%	1.25%	7.84%	-0.51%	-17.40%	-2.00%	-9.81%
Return on Common Equity (ROCE)	12.37%	5.51%	9.02%	5.91%	2.32%	14.80%	-1.17%	-50.09%	-6.23%	-32.05%
Return on Equity Simple (ROE_SIMPLE)	12.37%	0.00%	16.20%	12.34%	4.03%	21.10%	-1.42%	-70.90%	-6.47%	0.00%
Net Operating Profit after Tax (NOPAT)	44	35	50	40	19	76	-8.34	-73	9.09	-32
NOPAT Margin	10.35%	6.76%	7.29%	5.05%	2.99%	7.41%	-0.63%	-6.63%	0.87%	-3.51%
Net Nonoperating Expense Percent (NNEP)	7.30%	24.43%	21.35%	5.47%	5.48%	6.05%	-1.69%	39.57%	12.54%	21.98%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-1.31%	-14.21%	2.17%	-7.75%
Cost of Revenue to Revenue	65.71%	61.48%	62.78%	64.47%	61.82%	62.99%	67.19%	69.62%	58.61%	61.32%
SG&A Expenses to Revenue	18.17%	23.43%	22.64%	24.37%	27.77%	23.74%	30.11%	34.40%	34.19%	37.18%
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	23.94%	30.34%	28.34%	29.67%	34.57%	27.74%	33.71%	39.85%	40.15%	43.69%
Earnings before Interest and Taxes (EBIT)	44	43	57	47	23	93	-13	-3.48	10	-45
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	68	76	97	92	71	134	35	54	73	14
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	4.11	3.73	2.13	2.96	1.50	1.76	3.11	1.01
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	177.64	9.91	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.00	0.62	0.93	1.06	0.79	0.93	0.42	0.37	0.69	0.21
Price to Earnings (P/E)	0.00	81.57	85.22	71.78	130.12	21.72	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	0.00%	1.23%	1.17%	1.39%	0.77%	4.60%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	1.91	2.18	1.59	2.18	1.30	1.37	2.28	1.01
Enterprise Value to Revenue (EV/Rev)	0.00	0.62	1.47	1.43	1.13	1.14	0.60	0.59	0.84	0.41
Enterprise Value to EBITDA (EV/EBITDA)	0.00	4.26	10.44	12.33	10.40	8.73	22.69	12.06	12.07	25.93
Enterprise Value to EBIT (EV/EBIT)	0.00	7.47	17.76	24.41	32.63	12.60	0.00	0.00	87.06	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	9.21	20.16	28.35	37.65	15.32	0.00	0.00	96.40	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	13.48	20.17	12.54	6.75	13.38	0.00	21.03	7.10	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.66	0.00	25.31	9.09	2,045.49	0.00	9.50	8.79	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.12	0.00	0.84	0.79	0.59	0.56	0.63	1.15	0.77	1.21
Long-Term Debt to Equity	0.94	0.00	0.74	0.66	0.56	0.52	0.39	0.55	0.42	1.09
Financial Leverage	1.09	1.09	0.80	0.75	0.57	0.39	0.47	0.74	0.81	0.78
Leverage Ratio	2.40	2.40	2.27	2.44	2.49	2.41	2.62	3.01	3.17	3.30
Compound Leverage Factor	1.46	0.41	1.22	1.69	1.30	2.20	4.75	27.65	-3.31	4.71
Debt to Total Capital	52.76%	0.00%	45.75%	44.26%	37.17%	36.06%	38.68%	53.47%	43.61%	54.76%
Short-Term Debt to Total Capital	8.45%	0.00%	5.66%	7.22%	2.10%	2.80%	14.48%	27.87%	19.68%	5.60%
Long-Term Debt to Total Capital	44.31%	0.00%	40.09%	37.05%	35.08%	33.26%	24.20%	25.60%	23.93%	49.16%
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	0.00%	0.00%	25.63%	14.56%	15.62%	12.08%	3.38%	1.19%	0.80%	0.08%
Common Equity to Total Capital	47.24%	0.00%	28.62%	41.17%	47.21%	51.86%	57.94%	45.34%	55.59%	45.16%
Debt to EBITDA	3.57	0.00	2.56	2.62	2.70	1.67	6.98	5.07	2.52	15.71
Net Debt to EBITDA	3.48	0.00	2.42	2.35	1.96	1.05	6.44	4.40	2.04	12.77
Long-Term Debt to EBITDA	3.00	0.00	2.24	2.20	2.55	1.54	4.37	2.43	1.38	14.10
Debt to NOPAT	5.50	0.00	4.94	6.04	9.78	2.93	-29.46	-3.76	20.10	-7.07
Net Debt to NOPAT	5.36	0.00	4.67	5.41	7.10	1.84	-27.16	-3.26	16.29	-5.75
Long-Term Debt to NOPAT	4.62	0.00	4.33	5.05	9.23	2.70	-18.43	-1.80	11.03	-6.34
Altman Z-Score	0.00	0.00	2.56	2.41	1.89	2.69	1.84	1.61	2.21	1.06
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	47.24%	36.48%	25.48%	21.57%	12.26%	4.39%	1.99%	0.86%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.56	0.00	1.82	1.65	1.87	1.59	1.31	0.95	0.94	1.19
Quick Ratio	0.92	0.00	1.13	1.12	1.33	0.95	0.52	0.47	0.51	0.65
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	489	-477	45	81	0.57	-88	68	100	-17
Operating Cash Flow to CapEx	233.32%	71.02%	186.08%	214.76%	588.35%	314.72%	-67.85%	88.06%	474.42%	-15.53%
Free Cash Flow to Firm to Interest Expense	0.00	95.80	-104.91	0.00	0.00	0.85	0.00	138.63	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	4.67	10.99	0.00	0.00	129.43	0.00	62.62	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	-1.91	5.09	0.00	0.00	88.30	0.00	-8.49	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.82	1.98	2.06	1.09	0.84	1.19	1.29	1.16	1.39	1.30
Accounts Receivable Turnover	5.10	0.00	0.00	5.30	4.61	6.44	7.44	7.34	8.37	7.67
Inventory Turnover	6.43	0.00	0.00	6.89	6.62	5.73	4.31	4.17	5.80	6.34
Fixed Asset Turnover	16.75	0.00	0.00	14.46	10.71	17.91	16.43	11.33	12.37	12.35
Accounts Payable Turnover	11.85	0.00	0.00	13.03	11.25	15.00	14.23	12.66	10.60	8.71
Days Sales Outstanding (DSO)	71.51	0.00	0.00	68.90	79.26	56.65	49.06	49.74	43.58	47.60
Days Inventory Outstanding (DIO)	56.78	0.00	0.00	52.96	55.15	63.68	84.78	87.51	62.89	57.58
Days Payable Outstanding (DPO)	30.79	0.00	0.00	28.01	32.45	24.33	25.65	28.84	34.42	41.90
Cash Conversion Cycle (CCC)	97.50	0.00	0.00	93.85	101.96	96.00	108.20	108.41	72.05	63.28
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	454	0.00	527	522	461	537	616	475	385	369
Invested Capital Turnover	0.94	2.27	2.60	1.52	1.33	2.06	2.29	2.01	2.44	2.41
Increase / (Decrease) in Invested Capital	0.00	-454	527	-4.83	-61	76	80	-141	-91	-15
Enterprise Value (EV)	0.00	321	1,008	1,138	734	1,169	799	650	877	372
Market Capitalization	0.00	321	636	842	515	954	551	407	725	188
Book Value per Share	$0.00	$0.00	$3.20	$7.30	$4.88	$6.34	$7.29	$4.40	$4.30	$3.35
Tangible Book Value per Share	$0.00	$0.00	($4.03)	($3.91)	($1.78)	$0.11	$1.10	($1.31)	($0.96)	($1.51)
Total Capital	460	0.00	541	547	513	620	636	512	419	411
Total Debt	243	0.00	247	242	191	224	246	274	183	225
Total Long-Term Debt	204	0.00	217	203	180	206	154	131	100	202
Net Debt	237	0.00	234	217	139	140	227	237	148	183
Capital Expenditures (CapEx)	21	34	27	42	18	28	59	35	26	33
Debt-free, Cash-free Net Working Capital (DFCFNWC)	88	0.00	134	116	79	101	185	90	29	27
Debt-free Net Working Capital (DFNWC)	94	0.00	148	141	131	185	204	127	64	70
Net Working Capital (NWC)	55	0.00	117	102	121	168	112	-16	-19	46
Net Nonoperating Expense (NNE)	17	29	25	12	9.74	8.43	-3.10	92	24	36
Net Nonoperating Obligations (NNO)	237	0.00	234	217	139	140	227	237	148	183
Total Depreciation and Amortization (D&A)	24	33	40	46	48	41	48	57	63	59
Debt-free, Cash-free Net Working Capital to Revenue	20.52%	0.00%	19.60%	14.58%	12.13%	9.85%	13.96%	8.23%	2.77%	3.02%
Debt-free Net Working Capital to Revenue	21.97%	0.00%	21.57%	17.75%	20.14%	17.97%	15.41%	11.55%	6.07%	7.66%
Net Working Capital to Revenue	12.86%	0.00%	17.11%	12.78%	18.49%	16.28%	8.45%	-1.46%	-1.78%	5.12%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.04	$0.39	$0.38	$0.11	$1.14	($0.18)	($3.19)	($0.28)	($1.24)
Adjusted Weighted Average Basic Shares Outstanding	0.00	23.34K	23.82M	30.90M	35.27M	38.39M	44.55M	48.33M	52.04M	54.39M
Adjusted Diluted Earnings per Share	$0.00	$0.04	$0.37	$0.36	$0.11	$1.08	($0.18)	($3.19)	($0.28)	($1.24)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	50.64K	25.56M	32.93M	35.77M	40.61M	44.55M	48.33M	52.04M	54.39M
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	0.00	48.31M	48.75M	49.46M	49.79M	50.79M	50.52M	53.07M	54.54M	55.54M
Normalized Net Operating Profit after Tax (NOPAT)	32	38	50	40	19	76	-8.34	-73	9.09	-32
Normalized NOPAT Margin	7.43%	7.34%	7.29%	5.05%	2.99%	7.41%	-0.63%	-6.63%	0.87%	-3.51%
Pre Tax Income Margin	6.30%	1.41%	4.44%	4.06%	1.81%	8.25%	-1.74%	-2.91%	-1.00%	-7.04%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	8.42	12.49	0.00	0.00	137.42	0.00	-7.04	0.00	0.00
NOPAT to Interest Expense	0.00	6.84	11.00	0.00	0.00	113.01	0.00	-147.12	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	1.85	6.58	0.00	0.00	96.29	0.00	-78.15	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.26	5.09	0.00	0.00	71.89	0.00	-218.24	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	262.01%	1,215.79%	81.56%	85.99%	36.62%	13.67%	-204.39%	-0.68%	0.00%	0.00%
Augmented Payout Ratio	262.01%	1,215.79%	81.56%	85.99%	36.62%	13.67%	-204.39%	-0.68%	0.00%	0.00%

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	54,535,100.00	54,935,187.00	55,365,410.00	55,390,828.00	55,535,880.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	54,535,100.00	54,935,187.00	55,365,410.00	55,390,828.00	55,535,880.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-0.51	-0.74	0.02	0.00	-0.33
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-14.40%	-12.55%	-14.36%	3.18%	-6.45%	0.86%	-11.57%	-21.88%	-14.30%	-7.02%	5.34%
EBITDA Growth	-68.84%	357.73%	98.11%	270.17%	184.41%	-81.59%	-474.75%	-177.48%	-14.66%	2.72%	157.80%
EBIT Growth	-133.68%	270.73%	74.79%	137.49%	293.58%	-95.39%	-42.00%	-415.65%	-27.48%	43.54%	56.82%
NOPAT Growth	-126.54%	94.14%	76.88%	-74.81%	345.26%	-1,035.71%	-55.67%	-359.64%	-70.06%	96.83%	58.47%
Net Income Growth	-245.52%	76.00%	61.29%	107.14%	128.33%	87.33%	-18.56%	-856.67%	-79.38%	87.32%	35.40%
EPS Growth	-263.16%	80.68%	61.54%	106.49%	125.81%	94.12%	-15.56%	-840.00%	-75.00%	0.00%	36.54%
Operating Cash Flow Growth	126.54%	37.70%	147.93%	151.66%	-63.50%	76.86%	-253.46%	-148.34%	235.70%	-53.02%	145.59%
Free Cash Flow Firm Growth	177.49%	215.39%	227.66%	87.05%	-41.08%	-54.17%	-87.01%	-102.04%	-37.67%	-77.40%	4.71%
Invested Capital Growth	-22.39%	-22.90%	-36.40%	-32.60%	-14.72%	-19.07%	-10.84%	-4.90%	-11.46%	-3.96%	-10.10%
Revenue Q/Q Growth	30.38%	-6.94%	-25.94%	14.82%	18.21%	0.33%	-35.06%	1.43%	29.69%	8.84%	-26.43%
EBITDA Q/Q Growth	157.43%	1,121.07%	-100.86%	2,908.45%	-4.01%	-20.95%	-139.20%	-160.44%	205.73%	-4.85%	-77.94%
EBIT Q/Q Growth	81.58%	1,857.13%	-116.88%	168.61%	-4.88%	-58.12%	-619.59%	-52.50%	121.85%	-17.11%	-256.31%
NOPAT Q/Q Growth	-110.26%	37.60%	-338.29%	189.81%	-0.14%	-388.93%	39.92%	-49.78%	111.51%	-130.57%	-687.69%
Net Income Q/Q Growth	78.61%	30.92%	-111.15%	122.90%	-15.17%	-130.89%	-1,875.99%	-46.13%	102.31%	-118.99%	-9,970.56%
EPS Q/Q Growth	79.87%	45.16%	-164.71%	122.22%	-20.00%	-112.50%	-5,100.00%	-42.31%	102.70%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-49.71%	268.66%	-57.08%	216.32%	-92.71%	1,686.14%	-137.24%	0.37%	150.66%	149.96%	-63.86%
Free Cash Flow Firm Q/Q Growth	29.25%	-3.22%	73.06%	-13.60%	-59.29%	-24.72%	-50.93%	-113.58%	1,342.68%	-72.71%	127.38%
Invested Capital Q/Q Growth	-16.02%	-6.91%	-7.84%	-6.46%	6.26%	-11.66%	1.54%	-0.23%	-1.06%	-4.18%	-4.95%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	33.24%	37.57%	40.00%	42.01%	40.92%	42.35%	40.30%	32.07%	40.16%	40.87%	44.21%
EBITDA Margin	2.94%	38.55%	-0.45%	11.00%	8.93%	7.04%	-4.25%	-10.91%	8.89%	7.77%	2.33%
Operating Margin	-1.74%	-1.17%	-6.91%	4.33%	4.01%	1.85%	-12.16%	-17.96%	2.56%	2.19%	-4.80%
EBIT Margin	-1.77%	33.47%	-7.63%	4.56%	3.67%	1.53%	-12.25%	-18.42%	3.10%	2.36%	-5.02%
Profit (Net Income) Margin	-5.18%	-3.85%	-10.97%	2.19%	1.57%	-0.48%	-14.71%	-21.19%	0.38%	-0.07%	-9.02%
Tax Burden Percent	123.40%	117.12%	103.95%	87.29%	79.71%	-498.25%	103.10%	102.11%	43.57%	-14.33%	121.06%
Interest Burden Percent	237.03%	-9.82%	138.35%	54.99%	53.71%	6.34%	116.47%	112.69%	27.94%	19.46%	148.40%
Effective Tax Rate	0.00%	0.00%	0.00%	12.71%	20.29%	598.25%	0.00%	0.00%	56.43%	114.33%	0.00%
Return on Invested Capital (ROIC)	-2.37%	-1.64%	-9.10%	7.94%	7.08%	-22.48%	-21.07%	-30.54%	2.53%	-0.76%	-8.31%
ROIC Less NNEP Spread (ROIC-NNEP)	-7.41%	-5.45%	-13.70%	6.44%	5.02%	-9.18%	-27.03%	-39.10%	1.59%	-0.35%	-14.68%
Return on Net Nonoperating Assets (RNNOA)	-5.41%	-4.03%	-14.31%	6.93%	4.81%	-7.46%	-24.83%	-37.24%	1.49%	-0.27%	-13.69%
Return on Equity (ROE)	-7.78%	-5.67%	-23.41%	14.87%	11.88%	-29.93%	-45.90%	-67.78%	4.02%	-1.03%	-22.01%
Cash Return on Invested Capital (CROIC)	6.21%	12.55%	117.50%	37.16%	16.51%	23.20%	12.25%	-2.12%	4.29%	-4.42%	4.60%
Operating Return on Assets (OROA)	-2.00%	38.82%	-9.06%	5.95%	4.62%	2.13%	-18.28%	-24.96%	3.89%	3.08%	-7.24%
Return on Assets (ROA)	-5.85%	-4.46%	-13.04%	2.86%	1.98%	-0.67%	-21.95%	-28.72%	0.47%	-0.09%	-13.00%
Return on Common Equity (ROCE)	-7.36%	-5.42%	-22.53%	14.40%	11.53%	-29.34%	-45.22%	-67.02%	3.97%	-1.02%	-21.92%
Return on Equity Simple (ROE_SIMPLE)	-86.01%	0.00%	-59.75%	-20.43%	-10.51%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-3.81	-2.38	-10	9.37	9.36	-27	-16	-24	2.80	-0.86	-6.74
NOPAT Margin	-1.22%	-0.82%	-4.84%	3.78%	3.20%	-9.20%	-8.51%	-12.57%	1.12%	-0.31%	-3.36%
Net Nonoperating Expense Percent (NNEP)	5.04%	3.81%	4.60%	1.50%	2.06%	-13.29%	5.96%	8.56%	0.93%	-0.41%	6.36%
Return On Investment Capital (ROIC_SIMPLE)	-	-0.47%	-	-	-	-6.45%	-3.90%	-5.54%	0.66%	-0.21%	-1.75%
Cost of Revenue to Revenue	66.76%	62.43%	60.00%	57.99%	59.08%	57.65%	59.70%	67.93%	59.85%	59.13%	55.79%
SG&A Expenses to Revenue	30.03%	33.44%	39.68%	31.45%	31.65%	35.00%	44.46%	42.52%	31.80%	33.27%	41.65%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	34.98%	38.73%	46.91%	37.68%	36.91%	40.51%	52.46%	50.03%	37.59%	38.68%	49.01%
Earnings before Interest and Taxes (EBIT)	-5.55	97	-16	11	11	4.50	-23	-36	7.79	6.46	-10
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	9.19	112	-0.97	27	26	21	-8.10	-21	22	21	4.68
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.70	1.76	1.56	2.34	2.79	3.11	1.76	1.44	1.04	1.01	1.03
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.35	0.37	0.31	0.49	0.63	0.69	0.37	0.27	0.21	0.21	0.19
Price to Earnings (P/E)	0.00	0.00	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%	0.00%
Earnings Yield	0.00%	0.00%	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)	1.32	1.37	1.27	1.73	1.97	2.28	1.41	1.21	1.02	1.01	1.02
Enterprise Value to Revenue (EV/Rev)	0.59	0.59	0.53	0.66	0.82	0.84	0.54	0.48	0.42	0.41	0.39
Enterprise Value to EBITDA (EV/EBITDA)	0.00	12.06	5.28	4.81	5.22	12.07	8.37	26.68	28.54	25.93	13.15
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	12.27	8.17	8.33	87.06	174.72	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	1.35	0.00	294.18	96.40	167.88	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	31.10	21.03	7.35	6.86	8.80	7.10	6.36	25.14	14.79	0.00	13.07
Enterprise Value to Free Cash Flow (EV/FCFF)	18.59	9.50	0.84	3.75	10.99	8.79	10.88	0.00	22.34	0.00	20.94
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.23	1.15	1.13	0.99	0.93	0.77	0.94	1.41	1.31	1.21	1.27
Long-Term Debt to Equity	0.56	0.55	0.54	0.49	0.44	0.42	0.44	0.02	0.01	1.09	1.16
Financial Leverage	0.73	0.74	1.04	1.08	0.96	0.81	0.92	0.95	0.94	0.78	0.93
Leverage Ratio	2.99	3.01	3.24	3.34	3.44	3.17	3.18	3.50	3.50	3.30	3.32
Compound Leverage Factor	7.08	-0.30	4.48	1.84	1.85	0.20	3.71	3.94	0.98	0.64	4.93
Debt to Total Capital	55.23%	53.47%	53.11%	49.63%	48.16%	43.61%	48.57%	58.49%	56.75%	54.76%	56.04%
Short-Term Debt to Total Capital	30.05%	27.87%	27.85%	24.89%	25.31%	19.68%	25.84%	57.87%	56.43%	5.60%	5.11%
Long-Term Debt to Total Capital	25.18%	25.60%	25.26%	24.74%	22.85%	23.93%	22.72%	0.63%	0.33%	49.16%	50.93%
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%	0.00%
Noncontrolling Interests to Total Capital	1.90%	1.19%	1.09%	0.82%	0.85%	0.80%	0.33%	0.21%	0.22%	0.08%	0.07%
Common Equity to Total Capital	42.87%	45.34%	45.80%	49.55%	50.99%	55.59%	51.11%	41.30%	43.03%	45.16%	43.90%
Debt to EBITDA	-2.94	5.07	2.34	1.52	1.36	2.52	3.07	14.57	17.49	15.71	7.96
Net Debt to EBITDA	-2.63	4.40	2.09	1.24	1.19	2.04	2.67	11.78	14.65	12.77	6.70
Long-Term Debt to EBITDA	-1.34	2.43	1.11	0.76	0.65	1.38	1.43	0.16	0.10	14.10	7.23
Debt to NOPAT	-2.70	-3.76	0.60	-24.57	76.60	20.10	61.53	-8.99	-7.47	-7.07	-9.65
Net Debt to NOPAT	-2.41	-3.26	0.54	-20.01	66.81	16.29	53.64	-7.27	-6.25	-5.75	-8.11
Long-Term Debt to NOPAT	-1.23	-1.80	0.29	-12.25	36.34	11.03	28.79	-0.10	-0.04	-6.34	-8.77
Altman Z-Score	1.49	2.02	1.49	1.86	1.90	2.18	1.61	0.90	0.96	1.30	1.27
Noncontrolling Interest Sharing Ratio	5.45%	4.39%	3.78%	3.19%	2.95%	1.99%	1.49%	1.13%	1.14%	0.86%	0.42%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.96	0.95	0.87	0.92	0.96	0.94	0.85	0.64	0.66	1.19	1.15
Quick Ratio	0.47	0.47	0.40	0.50	0.55	0.51	0.42	0.33	0.37	0.65	0.59
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	143	139	240	208	84	64	31	-4.24	53	14	33
Operating Cash Flow to CapEx	112.52%	791.62%	0.00%	504.04%	44.42%	498.39%	-339.77%	-229.63%	143.08%	315.54%	123.63%
Free Cash Flow to Firm to Interest Expense	0.00	1.39	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.34	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.30	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.13	1.16	1.19	1.31	1.26	1.39	1.49	1.36	1.25	1.30	1.44
Accounts Receivable Turnover	6.38	7.34	8.07	8.22	6.17	8.37	10.67	8.74	6.17	7.67	10.12
Inventory Turnover	3.83	4.17	4.54	4.48	4.47	5.80	6.00	5.59	5.17	6.34	6.75
Fixed Asset Turnover	11.73	11.33	11.12	11.55	12.03	12.37	12.71	12.65	12.43	12.35	12.97
Accounts Payable Turnover	10.36	12.66	13.36	9.21	8.46	10.60	11.45	9.09	7.94	8.71	10.19
Days Sales Outstanding (DSO)	57.23	49.74	45.20	44.38	59.17	43.58	34.20	41.76	59.16	47.60	36.07
Days Inventory Outstanding (DIO)	95.23	87.51	80.34	81.47	81.57	62.89	60.86	65.33	70.56	57.58	54.09
Days Payable Outstanding (DPO)	35.23	28.84	27.32	39.62	43.16	34.42	31.87	40.14	45.97	41.90	35.83
Cash Conversion Cycle (CCC)	117.23	108.41	98.22	86.23	97.59	72.05	63.19	66.95	83.76	63.28	54.33
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	510	475	438	410	435	385	390	390	385	369	351
Invested Capital Turnover	1.95	2.01	1.88	2.10	2.22	2.44	2.47	2.43	2.26	2.41	2.48
Increase / (Decrease) in Invested Capital	-147	-141	-251	-198	-75	-91	-47	-20	-50	-15	-39
Enterprise Value (EV)	674	650	557	709	858	877	552	470	393	372	357
Market Capitalization	396	407	331	523	659	725	374	261	190	188	175
Book Value per Share	$4.49	$4.40	$4.00	$4.17	$4.38	$4.30	$3.90	$3.30	$3.30	$3.35	$3.05
Tangible Book Value per Share	($1.44)	($1.31)	($1.59)	($1.30)	($0.98)	($0.96)	($1.26)	($1.76)	($1.64)	($1.51)	($1.74)
Total Capital	542	512	464	451	464	419	416	439	425	411	385
Total Debt	300	274	246	224	223	183	202	257	241	225	216
Total Long-Term Debt	137	131	117	112	106	100	95	2.76	1.39	202	196
Net Debt	268	237	220	182	195	148	176	207	202	183	182
Capital Expenditures (CapEx)	8.15	4.27	-2.60	9.10	7.54	12	6.55	9.66	7.85	8.90	8.21
Debt-free, Cash-free Net Working Capital (DFCFNWC)	114	90	63	44	76	29	40	43	43	27	16
Debt-free Net Working Capital (DFNWC)	146	127	89	86	104	64	66	92	82	70	50
Net Working Capital (NWC)	-17	-16	-40	-26	-13	-19	-41	-162	-157	46	31
Net Nonoperating Expense (NNE)	12	8.83	13	3.95	4.76	-26	12	17	1.85	-0.68	11
Net Nonoperating Obligations (NNO)	268	237	220	182	195	148	176	207	202	183	182
Total Depreciation and Amortization (D&A)	15	15	15	16	15	16	15	15	15	15	15
Debt-free, Cash-free Net Working Capital to Revenue	10.04%	8.23%	5.94%	4.16%	7.25%	2.77%	3.92%	4.43%	4.62%	3.02%	1.76%
Debt-free Net Working Capital to Revenue	12.85%	11.55%	8.40%	8.06%	9.97%	6.07%	6.45%	9.49%	8.84%	7.66%	5.50%
Net Working Capital to Revenue	-1.48%	-1.46%	-3.79%	-2.47%	-1.24%	-1.78%	-4.05%	-16.66%	-16.95%	5.12%	3.35%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.31)	($0.17)	($0.45)	$0.10	$0.08	($0.01)	($0.52)	($0.74)	$0.02	$0.00	($0.33)
Adjusted Weighted Average Basic Shares Outstanding	48.24M	48.33M	50.71M	52.11M	52.52M	52.04M	53.53M	54.36M	54.65M	54.39M	55.42M
Adjusted Diluted Earnings per Share	($0.31)	($0.17)	($0.45)	$0.10	$0.08	($0.01)	($0.52)	($0.74)	$0.02	$0.00	($0.33)
Adjusted Weighted Average Diluted Shares Outstanding	48.24M	48.33M	50.71M	52.60M	53.43M	52.04M	53.53M	54.36M	54.71M	54.39M	55.42M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	52.68M	53.07M	53.60M	53.94M	54.16M	54.54M	54.94M	55.37M	55.39M	55.54M	55.93M
Normalized Net Operating Profit after Tax (NOPAT)	-3.81	-2.38	-10	9.37	9.36	3.80	-16	-24	4.50	4.18	-6.74
Normalized NOPAT Margin	-1.22%	-0.82%	-4.84%	3.78%	3.20%	1.29%	-8.51%	-12.57%	1.79%	1.53%	-3.36%
Pre Tax Income Margin	-4.20%	-3.29%	-10.55%	2.51%	1.97%	0.10%	-14.27%	-20.76%	0.87%	0.46%	-7.45%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.98	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	-0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.94	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	-0.07	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	-0.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	-0.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

Funko’s latest quarter shows a business that is still struggling to translate sales into profits, even though operating cash flow was positive. In Q1 2026, revenue came in at $200.9 million, down from $273.1 million in Q4 2025 and $190.7 million in Q1 2025. The company posted an operating loss of $9.6 million and a net loss of $18.1 million, or $0.33 per share. That said, operating cash flow remained positive at $10.2 million, which is a notable improvement versus the prior-year Q1 period.

Over the last four years, the big picture is mixed to negative: Funko has had periodic profitable quarters, but margins have been volatile, debt remains elevated, and the balance sheet is under pressure from working-capital swings and leverage. The most encouraging trend is that cash generation has improved at times, but the most recent revenue decline and renewed losses suggest the recovery remains fragile.

Q1 2026 operating cash flow was positive at $10.2 million, showing the business still generated cash from day-to-day operations.
Gross profit in Q1 2026 was $88.8 million, implying a gross margin of about 44.2%, which is reasonable for the business.
Operating expenses in Q1 2026 declined from the holiday quarter, suggesting some cost discipline after a seasonally strong period.
Cash and equivalents rose slightly from $25.9 million in Q1 2025 to $34.3 million in Q1 2026.
The company reduced long-term debt sharply from $94.6 million in Q1 2025 to $19.6 million in Q1 2026, though short-term debt remains significant.
Funko’s earnings have been highly seasonal, with stronger holiday-quarter results and weaker results in the first quarter.
Diluted shares outstanding have gradually trended lower from about 53.5 million in Q1 2025 to 55.4 million in Q1 2026, indicating only modest dilution pressure overall.
Inventory remains a large balance-sheet item at $76.8 million in Q1 2026, so inventory management will remain important.
Goodwill and intangible assets together remain substantial, which means a meaningful portion of assets is non-cash and subject to impairment risk.
Revenue fell to $200.9 million in Q1 2026 from $273.1 million in Q4 2025, showing a normal seasonal drop but also continued reliance on stronger quarters.
Funko reported a $9.6 million operating loss and a $18.1 million net loss in Q1 2026, extending a pattern of inconsistent profitability.
Total current liabilities of $210.3 million were close to total current assets of $241.1 million, leaving only a modest current asset cushion.
Short-term debt of $19.7 million plus long-term debt of $196.2 million keep leverage meaningful, even after some debt reduction.
The company’s operating performance over the last several years has been volatile, with several quarters of losses and only occasional profits.
Interest and other non-operating expenses continue to pressure results, which makes it harder for operating improvements to flow through to the bottom line.

Bottom line: Funko is still a turnaround story. The latest quarter shows improved cash generation and some debt reduction, but revenue remains uneven and profitability has not yet stabilized. For retail investors, the key things to watch are whether Funko can sustain positive operating cash flow, maintain gross margin, and reduce debt without sacrificing growth.

07/22/26 02:45 AM ETAI Generated. May Contain Errors.

Funko Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Funko's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Funko's net income appears to be on an upward trend, with a most recent value of -$68.30 million in 2025, falling from $26.88 million in 2016. The previous period was -$15.07 million in 2024. Find out what analysts predict for Funko in the coming months.

Funko's total operating income in 2025 was -$45.54 million, based on the following breakdown:

Total Gross Profit: $351.27 million
Total Operating Expenses: $396.81 million

Over the last 9 years, Funko's total revenue changed from $426.72 million in 2016 to $908.21 million in 2025, a change of 112.8%.

Funko's total liabilities were at $499.10 million at the end of 2025, a 6.0% increase from 2024, and a 63.7% increase since 2016.

In the past 8 years, Funko's cash and equivalents has ranged from $6.16 million in 2016 to $83.56 million in 2021, and is currently $42.15 million as of their latest financial filing in 2025.

Over the last 9 years, Funko's book value per share changed from 0.00 in 2016 to 3.35 in 2025, a change of 335.5%.

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Financial statements for NASDAQ:FNKO last updated on 7/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Funko (FNKO) Financials

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Key Financial Trends

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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

Financials Breakdown Chart

Key Financial Trends

Funko Financials - Frequently Asked Questions

When does Funko's fiscal year end?

How has Funko's net income changed over the last 9 years?

What is Funko's operating income?

How has Funko's revenue changed over the last 9 years?

How much debt does Funko have?

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How has Funko's book value per share changed over the last 9 years?

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