Funko Past Earnings Performance
Past criteria checks 0/6
Funko's earnings have been declining at an average annual rate of -36.6%, while the Leisure industry saw earnings declining at 8.9% annually. Revenues have been declining at an average rate of 0.8% per year.
Key information
-36.62%
Earnings growth rate
-37.07%
EPS growth rate
| Leisure Industry Growth | 16.88% |
| Revenue growth rate | -0.80% |
| Return on equity | -34.45% |
| Net Margin | -6.30% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
Seeking Alpha • Jun 12
Funko: Don't Trust This Rebound Rally
Summary Funko has surged ~50% YTD, driven by a Q1 earnings beat, but I reiterate my sell rating. Q1 revenue growth was largely attributed to retailer order timing, raising doubts about sustainable demand recovery. Despite improved gross margins, FY '26 guidance remains flat, signaling management's cautious outlook amid macro uncertainty. At 6.3x EV/FY26 EBITDA, FNKO's valuation leaves little room for further multiple expansion given execution risks and tepid growth. Read the full article on Seeking Alpha
Narrative Update • Jun 08
FNKO: Improving AEBITDA Is Expected To Support Debt Refinancing Outlook
The analyst price target on Funko has increased to $7.00 from $5.00, as analysts highlight improving AEBITDA comparisons and a potential easing of debt-related valuation pressure. Analyst Commentary Recent research points to a more constructive stance on Funko, with bullish analysts highlighting improving AEBITDA comparisons and the potential for reduced debt-related valuation pressure as key supports for the higher price target range around US$7.00.
Narrative Update • May 24
FNKO: Improving AEBITDA Is Expected To Support Debt Refinancing Progress
Narrative Update on Funko Analysts lifted their price target on Funko from $4.50 to $6.50, citing improved AEBITDA comparisons. They noted that these improvements could help the company refinance debt and ease what they view as a valuation overhang on the stock.Narrative Update • May 09
FNKO: Improving AEBITDA Is Expected To Clear Debt Refinancing Overhang
Analysts have nudged their Funko price target up by $0.50 to $6.50, citing expectations for improving AEBITDA comparisons over the coming quarters. This could help the company refinance its debt and ease a valuation overhang.
Narrative Update • Apr 22
FNKO: Future AEBITDA And Refinancing Progress Will Likely Keep Shares Fairly Priced
Analysts have lifted their price target on Funko shares to $6.50 from $6, citing expectations that improving AEBITDA comparisons could help the company refinance debt and ease what they view as a valuation overhang. Analyst Commentary Recent research has focused on how Funko's profitability trends could influence its balance sheet and, in turn, how investors think about the stock's valuation.Narrative Update • Apr 08
FNKO: Future AEBITDA And Refinancing Prospects May Keep Shares Fairly Priced
Analysts have raised their price target on Funko stock to $6.50 from $6.00, citing expectations for improving AEBITDA comparisons that they say could help the company refinance debt and reduce what they view as a valuation overhang. Analyst Commentary Recent research commentary on Funko centers on how future AEBITDA trends could influence the company’s ability to address its debt load and the valuation overhang some analysts see in the shares.Narrative Update • Mar 25
FNKO: Improving AEBITDA Is Expected To Support Debt Refinancing Upside
Analysts have raised their price target on Funko to $6.50 from $6.00, citing expectations for improving AEBITDA comparisons. They note that this could help the company refinance debt and ease what they see as a valuation overhang on the shares.Narrative Update • Mar 08
FNKO: Slightly Higher Assumptions Will Still Leave Shares Overvalued
Analysts have adjusted their price target on Funko to $6.33 from $6.43, citing updated assumptions for discount rate, revenue growth, profit margin, and future P/E that leave their fair value view broadly unchanged at $3.50. Valuation Changes Fair Value: $3.50 remains unchanged, indicating the updated inputs did not alter the core valuation output.Narrative Update • Feb 22
FNKO: Higher Future Multiple Will Clash With Weaker Profitability Outlook
Analysts have raised their price targets on Funko by $3.50, citing updated assumptions around discount rates, revenue growth, profit margins, and a higher future P/E multiple. Valuation Changes Fair Value: $3.50 is unchanged, indicating no adjustment to the base valuation estimate.Narrative Update • Feb 08
FNKO: New Collectibles Line Will Support Steady Outlook Through 2026
Analysts have kept their fair value estimate for Funko steady at $4.25 while slightly adjusting underlying assumptions such as the discount rate, revenue growth, profit margin and future P/E. These changes reflect updated views on the risk profile and earnings potential without a change in the headline target.Narrative Update • Jan 25
FNKO: New Blind Box Line Will Support Balanced Outlook Through 2026
Analysts have modestly revised their price target on Funko to a fair value of $4.25, reflecting a balance between slightly softer revenue growth and profit margin assumptions on one side, and a higher future P/E multiple and a lower discount rate on the other. What's in the News Funko launched its new artist-driven Premium Blind Box line, starting with two series, Kiguzoomies and Funko Fun Squad, aimed at deepening community engagement through original designs and collaborations with internal and independent artists (Key Developments).Analysis Article • Jan 09
Funko, Inc.'s (NASDAQ:FNKO) Shares Leap 29% Yet They're Still Not Telling The Full Story
Funko, Inc. ( NASDAQ:FNKO ) shareholders have had their patience rewarded with a 29% share price jump in the last...Narrative Update • Jan 08
FNKO: Premium Collectibles Hype Will Mask Limited Earnings Upside Potential
Analysts nudged their price target on Funko slightly higher, reflecting small adjustments to assumptions around discount rate, revenue growth, profit margin and future P/E that together suggest a modestly stronger long term profile for the business. What's in the News Funko launched its Premium Blind Box line, an artist-driven range of blind box collectibles debuting with two new series, Kiguzoomies and Funko Fun Squad, aimed at deepening community engagement through original designs and storytelling (Key Developments).Narrative Update • Dec 17
FNKO: Premium Blind Box Expansion Will Drive Stronger Future Earnings Power
Analysts have raised their price target on Funko by approximately 40 percent, citing improved revenue growth expectations, modestly higher projected profit margins, and a slightly cheaper forward earnings multiple despite a marginally higher discount rate. What's in the News Launched the new artist driven Premium Blind Box line, debuting the Kiguzoomies and Funko Fun Squad series to expand beyond traditional blind box collectibles (Key Developments) Premium Blind Box products sold out in limited daily quantities at New York Comic Con, signaling strong early demand and fan engagement (Key Developments) Announced plans to grow Premium Blind Box with future collaborations involving internal creative teams and independent artists, with additional products slated for 2026 (Key Developments) Released Kiguzoomies and Funko Fun Squad across Funko.com and major specialty retailers, including Hot Topic, BoxLunch, GameStop, and others (Key Developments) Issued fourth quarter 2025 guidance calling for net sales to increase modestly from the third quarter of 2025 (Key Developments) Valuation Changes Fair value estimate increased meaningfully from 2.5 to 3.5, reflecting higher projected earnings power.Narrative Update • Dec 03
FNKO: New Collectible Line Will Support Upside Through 2026
Analysts have modestly reiterated their conviction in Funko's valuation, keeping the average price target effectively unchanged at about $4.25 per share. Slightly improved profit margin assumptions have offset an almost flat outlook for growth and valuation multiples.Analysis Article • Nov 30
Funko (NASDAQ:FNKO) Has Debt But No Earnings; Should You Worry?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Narrative Update • Nov 19
FNKO: Expanded Product Offerings Will Drive Revenue Upside Through 2026
Analysts have increased their price target for Funko from $3.75 to $4.25, citing improved revenue growth projections and modest gains in profit margins as key drivers for the revision. What's in the News Funko launched its new artist-driven Premium Blind Box product line.Analysis Article • Sep 24
Funko, Inc.'s (NASDAQ:FNKO) Price Is Right But Growth Is Lacking After Shares Rocket 30%
Funko, Inc. ( NASDAQ:FNKO ) shareholders are no doubt pleased to see that the share price has bounced 30% in the last...Analysis Article • Sep 23
Should You Investigate Funko, Inc. (NASDAQ:FNKO) At US$4.01?
Funko, Inc. ( NASDAQ:FNKO ), might not be a large cap stock, but it led the NASDAQGS gainers with a relatively large...Analysis Article • Aug 31
Estimating The Fair Value Of Funko, Inc. (NASDAQ:FNKO)
Key Insights The projected fair value for Funko is US$4.19 based on 2 Stage Free Cash Flow to Equity Current share...Narrative Update • Aug 10
International Pop Culture And E-Commerce Trends Will Build Lasting Resilience
Despite an improved revenue growth outlook, a sharply higher discount rate has more than offset the positive, resulting in the consensus analyst price target for Funko dropping from $6.25 to $5.25. What's in the News Funko, Inc.Analysis Article • Aug 10
Market Cool On Funko, Inc.'s (NASDAQ:FNKO) Revenues Pushing Shares 46% Lower
NasdaqGS:FNKO 1 Year Share Price vs Fair Value Explore Funko's Fair Values from the Community and select yours Funko...Analysis Article • Jun 20
Funko, Inc.'s (NASDAQ:FNKO) Share Price Boosted 28% But Its Business Prospects Need A Lift Too
Funko, Inc. ( NASDAQ:FNKO ) shareholders are no doubt pleased to see that the share price has bounced 28% in the last...New Narrative • May 10
International Licensing And Diversified Offerings Will Boost Future Success
Expansion into global markets and diversification into sports, gaming, and music aim to increase revenue and capture a larger international market share.Analysis Article • May 06
Funko, Inc. (NASDAQ:FNKO) Stock's 26% Dive Might Signal An Opportunity But It Requires Some Scrutiny
To the annoyance of some shareholders, Funko, Inc. ( NASDAQ:FNKO ) shares are down a considerable 26% in the last...Analysis Article • Apr 04
Is Funko (NASDAQ:FNKO) Using Too Much Debt?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Seeking Alpha • Mar 29
Funko: Heightened Uncertainty, But This Is A Very Buyable Dip (Rating Upgrade)
Summary Funko's stock is highly discounted, trading at <6x forward adjusted EBITDA, making it an appealing buy despite near-term volatility and risks. The company's FY25 outlook is weak but expected, with no new negative surprises; longer-term growth drivers like personalization and sports content are promising. Q4 results showed a 1% revenue increase and strong direct-to-consumer sales, highlighting the potential for future growth despite current challenges. Risks include tariffs and weak consumer spending, but these are already priced in; consider a small position in Funko for potential rebound. Read the full article on Seeking AlphaSeeking Alpha • Mar 11
Funko Stock: The Market Is Getting This One Wrong Again
Summary Funko shares dropped 42.1% since January, underperforming the S&P 500, but long-term prospects remain strong due to positive cash flows and reduced inventories and debt. Despite mixed financial performance, Funko's Core Collectible category saw significant growth, offsetting declines in other product lines, leading to better-than-expected revenue. Management's guidance for 2025 indicates a weak first half but improved performance in the second half, with strategies to mitigate tariff impacts and enhance profitability. FNKO stock's attractive valuation, improved balance sheet, and reduced inventories make it a compelling investment, justifying an upgrade from 'buy' to 'strong buy'. Read the full article on Seeking AlphaAnalysis Article • Mar 07
With A 26% Price Drop For Funko, Inc. (NASDAQ:FNKO) You'll Still Get What You Pay For
Funko, Inc. ( NASDAQ:FNKO ) shareholders won't be pleased to see that the share price has had a very rough month...Analysis Article • Jan 09
Market Might Still Lack Some Conviction On Funko, Inc. (NASDAQ:FNKO) Even After 27% Share Price Boost
Funko, Inc. ( NASDAQ:FNKO ) shares have had a really impressive month, gaining 27% after a shaky period beforehand. The...Seeking Alpha • Jan 02
Funko: Sales Are Still Shaky, But The Strategic Shift To Profitability Is Unquestionable
Summary Funko's stock surged 75% YTD under new CEO Cynthia Williams, with the company trimming its product lines to focus on higher-margin sales. The company recently raised its full-year profitability outlook to $85-$90 million in adjusted EBITDA, despite a slight revenue cut. The company expects to have to lean in on promotions during the fourth quarter holiday season, which may mean choppiness in gross and adjusted EBITDA margins in the short run. Through cheap at <10x forward adjusted EBITDA, Funko's execution is far from certain. I recommend buying if the stock hits $8 (7x forward adjusted EBITDA). Read the full article on Seeking AlphaAnalysis Article • Dec 27
Funko (NASDAQ:FNKO) Is Carrying A Fair Bit Of Debt
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Seeking Alpha • Oct 17
Funko: Turnaround Measures Are Beginning To Bear Fruit (Rating Upgrade)
Summary Funko's stock has surged over 50% YTD under new CEO Cynthia Williams, driven by strategic SKU reductions and improved financial performance. Despite a challenging U.S. economy, Funko's international growth and reduced inventory have bolstered revenue, though risks like debt and reliance on fads remain. Q2 results exceeded expectations with 3% y/y revenue growth and a 13-point gross margin improvement, aided by favorable shipment timing and cost reductions. At ~$12 per share, Funko appears fairly valued. I'm upgrading Funko to a neutral rating, but there's no rush to buy now. Read the full article on Seeking AlphaAnalysis Article • Oct 06
Investors Still Aren't Entirely Convinced By Funko, Inc.'s (NASDAQ:FNKO) Revenues Despite 29% Price Jump
Funko, Inc. ( NASDAQ:FNKO ) shareholders have had their patience rewarded with a 29% share price jump in the last...Analysis Article • Sep 13
Funko (NASDAQ:FNKO) Is Carrying A Fair Bit Of Debt
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Seeking Alpha • Aug 14
Funko: A Turnaround Small-Cap Chasing New Markets
Summary The article discusses small-cap Funko stock, which recently beat top and bottom line earnings. I previously covered the stock in 2023, numbers have deteriorated since, but the company is executing a turnaround under new management. A new video game and toy line-up open new avenues for revenue as the collectible market for Funko Pop! toys goes through a rut. Share dilution continues, but is slowing. The company is still far off its 2022 top line numbers, but is on the path back to normalcy and would be well benefited by a rate cut. Read the full article on Seeking AlphaAnalysis Article • Aug 11
Funko, Inc. Just Reported A Surprise Profit And Analysts Updated Their Estimates
Investors in Funko, Inc. ( NASDAQ:FNKO ) had a good week, as its shares rose 9.9% to close at US$9.62 following the...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Funko makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 918 | -58 | 337 | 0 |
| 31 Dec 25 | 908 | -67 | 338 | 0 |
| 30 Sep 25 | 929 | -69 | 348 | 0 |
| 30 Jun 25 | 971 | -65 | 362 | 0 |
| 31 Mar 25 | 1,025 | -20 | 359 | 0 |
| 31 Dec 24 | 1,050 | -15 | 357 | 0 |
| 30 Sep 24 | 1,047 | -24 | 347 | 0 |
| 30 Jun 24 | 1,068 | -43 | 347 | 0 |
| 31 Mar 24 | 1,060 | -121 | 353 | 0 |
| 31 Dec 23 | 1,096 | -154 | 377 | 0 |
| 30 Sep 23 | 1,138 | -186 | 377 | 0 |
| 30 Jun 23 | 1,191 | -161 | 381 | 0 |
| 31 Mar 23 | 1,266 | -73 | 378 | 0 |
| 31 Dec 22 | 1,323 | -8 | 398 | 0 |
| 30 Sep 22 | 1,326 | 46 | 337 | 0 |
| 30 Jun 22 | 1,228 | 48 | 299 | 0 |
| 31 Mar 22 | 1,148 | 47 | 271 | 0 |
| 31 Dec 21 | 1,029 | 44 | 244 | 0 |
| 30 Sep 21 | 920 | 41 | 220 | 0 |
| 30 Jun 21 | 843 | 39 | 201 | 0 |
| 31 Mar 21 | 705 | 15 | 185 | 0 |
| 31 Dec 20 | 653 | 4 | 181 | 0 |
| 30 Sep 20 | 640 | -9 | 185 | 0 |
| 30 Jun 20 | 672 | -10 | 196 | 0 |
| 31 Mar 20 | 765 | 5 | 201 | 0 |
| 31 Dec 19 | 795 | 12 | 194 | 0 |
| 30 Sep 19 | 815 | 21 | 181 | 0 |
| 30 Jun 19 | 768 | 14 | 169 | 0 |
| 31 Mar 19 | 716 | 9 | 160 | 0 |
| 31 Dec 18 | 686 | 7 | 155 | 0 |
| 30 Sep 18 | 622 | 5 | 148 | 0 |
| 30 Jun 18 | 588 | 12 | 138 | 0 |
| 31 Mar 18 | 554 | 8 | 129 | 0 |
| 31 Dec 17 | 516 | 1 | 121 | 0 |
| 30 Sep 17 | 479 | 14 | 103 | 0 |
| 30 Jun 17 | 454 | 23 | 88 | 0 |
| 31 Mar 17 | 451 | 28 | 79 | 0 |
| 31 Dec 16 | 427 | 27 | 67 | 0 |
| 31 Dec 15 | 274 | 12 | 49 | 0 |
Quality Earnings: FNKO is currently unprofitable.
Growing Profit Margin: FNKO is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: FNKO is unprofitable, and losses have increased over the past 5 years at a rate of 36.6% per year.
Accelerating Growth: Unable to compare FNKO's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: FNKO is unprofitable, making it difficult to compare its past year earnings growth to the Leisure industry (-10.1%).
Return on Equity
High ROE: FNKO has a negative Return on Equity (-34.45%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/17 02:30 |
| End of Day Share Price | 2026/06/17 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Funko, Inc. is covered by 10 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Gerrick Johnson | BMO Capital Markets Equity Research |
| Alexander Perry | BofA Global Research |
| Keegan Tierney Cox | D.A. Davidson & Co. |