Funko, Inc. (FNKO) Market Cap
Funko, Inc. has a market capitalization of $242.3M.
Financials based on reported quarter end 2025-12-31
Price: $4.37
▲ 0.20 (4.80%)
Market Cap: 242.29M
NASDAQ · time unavailable
CEO: Josh Simon
Sector: Consumer Cyclical
Industry: Leisure
IPO Date: 2017-11-02
Website: https://www.funko.com
Funko, Inc. (FNKO) - Company Information
Market Cap: 242.29M · Sector: Consumer Cyclical
Funko, Inc., a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, Europe, and internationally. The company provides vinyl, blind-packed miniature, and action figures; fashion accessories, including bags, backpacks, and wallets; apparel, such as t-shirts and hats; board games, plush products, and accessories, such as keychains, pens, and pins; homewares, comprising drinkware, and other home accessories, non-fungible tokens, and others. It offers its products under the Funko, Pop!, Loungefly, Mystery Minis, Paka Paka, Vinyl Gold, Funko Soda, Funko Games, Funko action figures, Funko Plush, Funko Gold, and Popsies brand names; and licenses its properties under the classic evergreen, movie release, current TV, and current video game categories. The company sells its products to 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. Funko, Inc. was incorporated in 2017 and is headquartered in Everett, Washington.
Analyst Sentiment
Based on 2 ratings
Analyst 1Y Forecast: $6.50
Average target (based on 3 sources)
Consensus Price Target
Low
$7
Median
$7
High
$7
Average
$7
Potential Upside: 48.7%
Price & Moving Averages
Related Companies in Consumer Cyclical
1-800 FLOWERS.COM INC CLASS A (FLWS)
Consumer Cyclical
$0.25B
Mkt Cap
JACK IN THE BOX INC (JACK)
Consumer Cyclical
$0.25B
Mkt Cap
FLEXSTEEL INDUSTRIES INC (FLXS)
Consumer Cyclical
$0.25B
Mkt Cap
XPONENTIAL FITNESS INC CLASS A (XPOF)
Consumer Cyclical
$0.25B
Mkt Cap
RCI HOSPITALITY HOLDINGS INC (RICK)
Consumer Cyclical
$0.23B
Mkt Cap
MOTORCAR PARTS OF AMERICA INC (MPAA)
Consumer Cyclical
$0.23B
Mkt Cap
Fundamentals Overview
📊 AI Financial Analysis
Powered by StockMarketInfo"FNKO reported revenue of $273.1M as of December 31, 2025, with a net loss of $183k, resulting in an EPS of -$0.0034. The company has total assets of $685.2M against total liabilities of $499.4M, reflecting substantial leverage with a net debt of $249.5M and a total equity of $186.1M. Operating cash flow, free cash flow, and capital expenditures are all at $0, indicating cash flow challenges. Despite the significant revenue, the stock price of $3.32 reflects a steep decline of 54.52% over the past year, highlighting market concerns about profitability and growth prospects. The median analyst price target of $6.5 indicates a potential recovery; however, the lack of dividends and negative cash flow hinder shareholder returns. Overall, FNKO faces challenges in profitability and cash flow management, which could affect its long-term valuation and stock performance."
Revenue Growth
Revenue of $273.1M shows moderate growth, but the negative 1-year price change suggests market doubts.
Profitability
Net income is negative, reflecting ongoing profitability challenges.
Cash Flow Quality
No operating or free cash flow indicates serious cash management issues.
Leverage & Balance Sheet
The balance sheet shows high leverage with significant net debt relative to total equity.
Shareholder Returns
No dividends and a steep decline in stock price negatively impact shareholder returns.
Analyst Sentiment & Valuation
Analyst targets suggest recovery potential, but current performance is lacking.
Disclaimer:This analysis is AI-generated for informational purposes only. Accuracy is not guaranteed and this does not constitute financial advice.
So What?: Management sounds confident on profitability and topline execution—Q4 net sales +9% to expectations, gross margin steady at 41%, and Q4 adjusted EBITDA of $23M at the high end. For 2026 they guide net sales flat to +3% and gross margin 41%–43%, with adjusted EBITDA $70M–$80M, citing lower minimum guaranteed royalties from renewed studio licenses plus annualized tariff mitigation (price actions and cost reductions). However, Q&A highlights real pressure points: 2025 tariffs/duties were close to $40M (half from IEEPA tariffs struck down), tariff rates could rise (10% to 15% discussed) with oil/shipping cost uncertainty, and refunds remain unresolved. Also, Loungefly is explicitly a headwind (down double digits due to SKU cuts), offset by Funko core growth and Bitty Pop!/Pop! Yourself. Analyst pressure focused on tariff quantification, POS/inventory health, and guidance shape beyond Q1; management answered with “consistent throughout the year” but with ongoing “unknowns” tied to tariffs, oil, and refunds.
Growth Catalysts
- Bitty Pop! rollout in all Walmart doors (incremental placement in toy aisle and impulse/out-of-aisle) driving Q4 strength
- Pop! Yourself launched in Europe (custom Funko Pop experience)
- KPop Demon Hunters momentum; ~4 months from ideation/design to consumer hands in Q4
- Bitty Pop! and Pop! Yourself positioned as key 2026 growth initiatives
- Ramped entertainment slate (e.g., Netflix live action One Piece debut; other 2026 titles referenced in Q&A)
Business Development
- MLB Super Pack with Topps and Fanatics; includes trading cards and blind Bitty Pop! products at Walmart, Target, GameStop, DICK'S, and sporting goods stores
- New deal with McLaren (sports/brands licensing mentioned as newly signed in prepared remarks)
- Hyper Strike program experimenting in Q4; speed-to-market initiative to design/manufacture/get products in days/weeks
- Partnership with Rideback for new storytelling concepts and an AI-based animation toolkit (Spuree)
- World Cup year licensing deals with teams (specific teams mentioned: England, U.S., French)
Financial Highlights
- Q4 net sales: $273M (guided Q4 up modestly vs Q3; actually +9% better than expected)
- Gross margin Q4: 41% (slightly higher than guidance; above 40% for 7 of last 8 quarters)
- SG&A Q4: $91M (down 12% YoY)
- Adjusted EBITDA Q4: $23M (at high end of expectations)
- 2026 guidance: net sales flat to up 3% vs 2025
- 2026 guidance: adjusted EBITDA $70M to $80M (substantial profitability improvement)
- 2026 gross margin guidance: 41% to 43%
- Gross margin driver: renewal of key licensing agreements lowering minimum guaranteed royalties
- Tariff assumption: ~15% remainder of year
- Tariff mitigation messaging: price adjustments and cost reductions annualizing from actions taken in 2025
- Tariff impact disclosure for 2025: total tariffs and duties close to $40M; ~half from IEEPA tariffs struck down
Capital Funding
- No additional borrowing expected in 2026; will manage on operating cash flows
- Regular quarterly principal/interest payments on debt; potential incremental debt paydowns later in 2026/early 2027 (not quantified in transcript)
Strategy & Ops
- Loungefly down double digits in 2026 due primarily to SKU cuts implemented last year
- First-ever GM for Loungefly: Jessica Kong installed ~1 month prior; building strategy to return brand/business to growth (details to come next quarter)
- POS trends: Europe continued double-digit growth in POS sales; U.S. trend improving through Q4 and remained positive into Q1
- Retail inventory restocking: described as healthy/going as expected based on major partner reporting
Market Outlook
- 2026 net sales: flat to +3% YoY (expected consistent throughout year; not a hockey-stick; Q2 comp expected to be modestly higher than Q2 2025 tariff-disrupted comps)
- 2026 adjusted EBITDA: $70M to $80M
- Gross margin: 41% to 43% for 2026
- Management expects Q2 to comp up vs Q2 2025 and then steadier growth through Q3 and Q4
Risks & Headwinds
- Tariffs/macros unknowns: management discussed potential tariff increases from newly announced 10% up to 15% and uncertainty later in year
- Oil price risk to shipping costs (monitoring potential impact)
- Loungefly volume headwind in 2026 from SKU cuts (down double digits referenced)
- Uncertainty around refunds: company exploring all avenues and will update guidance later in 2026 once more information is available
Sentiment: MIXED
Note: This summary was synthesized by AI from the FNKO Q4 2025 earnings transcript. Financial data is complex; please verify all metrics against official SEC filings before making investment decisions.