Funko, Inc. Class A (FNKO)

Funko, Inc.'s stock price has declined significantly over the past six months. Key events include the Q3 2025 earnings report where adjusted EPS surpassed forecasts but revenue fell short, leading to a stock decline. The Q2 2025 earnings release reported a 22% decline in net sales due to tariff policies and order pauses. The Q1 2025 earnings release reported net sales in line with guidance. The company revised its earnings guidance for 2024. Josh Simon was appointed CEO and Director in 2025, and Cynthia Williams was appointed CEO effective May 20, 2024. Funko, Inc. was dropped from the Russell 3000 Growth Index in July 2025. The company implemented cost-reduction actions, including a 20% workforce cut, to improve adjusted EBITDA margin.

Funko's demand is influenced by pop culture trends and new releases, with a likely seasonality around the holiday shopping period. The company plans to launch Pop! Yourself in Europe for the holiday season and expects Q4 results to ramp up over Q3. Investments in evergreen properties like sports content aim to create more stable demand.

Funko, Inc. is a pop culture consumer products company specializing in licensed merchandise design, sourcing, and distribution. Operating in the Consumer Discretionary sector, it offers a wide array of items based on media and entertainment content, including collectible figures, handbags, apparel, homewares, NFTs, and more.

Funko, Inc. has a global presence with operations in the United States, Europe, and other international regions. Headquartered in Everett, Washington, it has offices and distribution centers in North America, Europe, and Asia, distributing products through various channels to customers in over 90 countries.

Funko's brand reputation has shown mixed signals in the past year. Web analytics indicate increasing site traffic and a loyal fan base. However, the hardcore collector community has expressed frustration regarding perceived overproduction. Management has initiated a strategy shift to focus on trend sensing and premium offerings, such as the Pop! Yourself line.

Funko, Inc.'s ownership is primarily dominated by institutional investors, holding a significant majority of the company's stock. Individual investors and other public entities hold a substantial public float, while insiders hold a smaller percentage. Major institutional owners include TCG Capital Management, LP, Fund 1 Investments, LLC, BlackRock, Inc., Vanguard Group Inc, Nomura Holdings Inc, Dimensional Fund Advisors Lp, Hosking Partners LLP, Jpmorgan Chase & Co, Citadel Advisors Llc, and CastleKnight Management LP.