Funko (NASDAQ:FNKO) Releases Earnings Results

Funko (NASDAQ:FNKO) announced its earnings results on Thursday. The company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.23, FiscalAI reports. Funko had a negative net margin of 6.30% and a negative return on equity of 20.61%. The company had revenue of $200.92 million during the quarter, compared to the consensus estimate of $188.60 million.

Here are the key takeaways from Funko’s conference call:

• Funko reported a strong Q1 — sales were up 5% overall and core collectibles rose 17%, with a record gross margin of 44% driving adjusted EBITDA of $11 million.
• Management issued Q2 guidance of sales up low- to mid-single digits and adjusted EBITDA of $5–10 million, and reiterated full-year guidance of sales flat to +3% and adjusted EBITDA of $70–80 million while noting lower current tariff rates and monitoring oil-price risk.
• Product and commerce momentum accelerated with new initiatives — Bitty POP! expansion, Pop! Yourself experiential activations (WrestleMania, Inter Miami stadium exclusives), faster creator drops, and premium Loungefly SKUs that sold out quickly.
• Loungefly is undergoing a strategic reset, cutting SKUs by about 50%; management expects sales to decline this year as planned to improve SKU productivity and profitability.
• Funko has paid roughly $20M in IEPA tariffs and is pursuing refunds and potential monetization of claims, which could provide meaningful upside if realized, though timing is uncertain.

Funko Trading Up 17.9%

Shares of FNKO traded up $0.80 on Friday, reaching $5.26. 4,323,417 shares of the company’s stock were exchanged, compared to its average volume of 529,401. The company has a current ratio of 1.19, a quick ratio of 0.85 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $292.14 million, a P/E ratio of -5.01 and a beta of 0.82. The business has a 50 day moving average price of $4.02 and a two-hundred day moving average price of $3.67. Funko has a 12 month low of $2.22 and a 12 month high of $6.09.

Insider Buying and Selling at Funko

In related news, insider Tracy D. Daw sold 12,793 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $3.65, for a total transaction of $46,694.45. Following the completion of the sale, the insider directly owned 47,016 shares of the company’s stock, valued at $171,608.40. The trade was a 21.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders have sold 44,210 shares of company stock worth $173,146 over the last ninety days. Insiders own 3.27% of the company’s stock.

Institutional Investors Weigh In On Funko

A number of institutional investors and hedge funds have recently modified their holdings of FNKO. JPMorgan Chase & Co. raised its stake in shares of Funko by 5,627.1% during the second quarter. JPMorgan Chase & Co. now owns 900,360 shares of the company’s stock worth $4,286,000 after buying an additional 884,639 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of Funko by 434.3% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 946,845 shares of the company’s stock worth $3,219,000 after buying an additional 769,648 shares during the last quarter. Fund 1 Investments LLC raised its stake in shares of Funko by 13.4% during the third quarter. Fund 1 Investments LLC now owns 5,413,887 shares of the company’s stock worth $18,624,000 after buying an additional 640,000 shares during the last quarter. Manatuck Hill Partners LLC bought a new stake in shares of Funko during the second quarter worth approximately $2,428,000. Finally, Millennium Management LLC bought a new stake in shares of Funko during the third quarter worth approximately $1,352,000. 99.15% of the stock is owned by institutional investors.

More Funko News

Here are the key news stories impacting Funko this week:

• Positive Sentiment: Funko beat Q1 expectations on both revenue and earnings, reporting $200.9 million in sales and an adjusted loss of $0.11 per share versus a much larger expected loss, suggesting improving operating execution. Funko Reports Strong First Quarter 2026 Financial Results; Reiterates 2026 Full-Year Outlook
• Positive Sentiment: The company posted a record gross margin of 44.2%, showing better profitability and cost control even as it grows sales. Funko posts record margin, guides Q2 EBITDA at $5M-$10M
• Positive Sentiment: Management projected second-quarter adjusted EBITDA of $5 million to $10 million and reiterated full-year 2026 EBITDA guidance of $70 million to $80 million, which signals confidence in the recovery. Funko projects Q2 adjusted EBITDA of $5M-$10M while reiterating 2026 $70M-$80M outlook
• Positive Sentiment: Funko also maintained its full-year revenue outlook of $908.2 million to $935.5 million, indicating the Q1 beat was not a one-off and that demand remains stable. Funko Reports Strong First Quarter 2026 Financial Results; Reiterates 2026 Full-Year Outlook

Wall Street Analyst Weigh In

FNKO has been the subject of a number of research analyst reports. The Goldman Sachs Group boosted their target price on shares of Funko from $3.50 to $4.00 and gave the stock a “neutral” rating in a research note on Monday, March 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Funko in a research note on Tuesday, April 21st. Finally, Truist Financial set a $6.50 target price on shares of Funko in a research note on Friday, March 13th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $5.83.

About Funko

Funko, Inc is a pop culture consumer products company best known for its stylized vinyl figures, apparel, accessories and other licensed collectible goods. The company’s signature product line, Funko Pop!, features bobblehead-style figurines that showcase characters from a wide array of entertainment franchises, including film, television, gaming, sports and music. In addition to vinyl figurines, Funko’s portfolio encompasses plush toys, action figures, stationery, home goods and novelty items, all leveraging licensing agreements with major global brands.

Founded in 1998 by Mike Becker in Washington state, Funko initially focused on creating nostalgic bobbleheads before expanding its product offerings under current leadership.