FNKO

EX-99.1

2 ex-9915726.htm

EX-99.1

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Funko Reports Strong First Quarter 2026 Financial Results;

Reiterates 2026 Full-Year Outlook

--Q1 Sales and Profitability Significantly Above Expectations;

Net Sales Grew 5%, Gross Margin Highest Ever Reported by Company--

EVERETT, Wash. May 7, 2026 -- Funko, Inc. (Nasdaq: FNKO), a leading pop culture lifestyle brand, today reported its consolidated financial results for the first quarter ended March 31, 2026.

First Quarter Financial Results Summary: 2026 vs 2025

•Net sales were $200.9 million compared with $190.7 million

•Gross profit was $88.8 million, equal to gross margin of 44.2%, compared with $76.9 million, equal to gross margin of 40.3%

•SG&A expenses were $83.7 million compared with $84.8 million

•Net loss was $18.1 million, or $0.33 per share, compared with $28.1 million, or $0.52 per share

•Adjusted net loss* was $6.3 million, or $0.11 per share*, compared with $17.8 million, or $0.33 per share

•Adjusted EBITDA* was $11.3 million versus negative adjusted EBITDA* of $4.7 million

“We kicked off the year with a strong Q1 performance, building on the positive momentum from the second half of 2025, with net sales, gross margin and adjusted EBITDA all exceeding expectations,” said Josh Simon, Chief Executive Officer of Funko. “International sales were robust, particularly in Europe, and our Core Collectibles business increased 17% year-over-year, contributing to the highest reported gross margin in our history. As we focus on bringing the biggest cultural moments to life, we're excited to continue executing against our strategic plan, moving at the speed of culture, meeting fans wherever they are and giving them new ways to connect with the stories they love."

First Quarter 2026 Net Sales by Category and Geography

The tables below show the breakdown of net sales on a brand category and geographical basis (in thousands):

Three Months Ended March 31,Period Over Period Change

20262025DollarPercentage

Net sales by brand category:

Core Collectible$168,780 $144,479 $24,301 16.8 %

Loungefly27,213 35,374 (8,161)(23.1)%

Other4,926 10,886 (5,960)(54.7)%

Total net sales$200,919 $190,739 $10,180 5.3 %

Three Months Ended March 31,Period Over Period Change

20262025DollarPercentage

Net sales by geography:

United States$117,353 $121,909 $(4,556)(3.7)%

Europe68,055 54,205 13,850 25.6 %

Other International15,511 14,625 886 6.1 %

Total net sales$200,919 $190,739 $10,180 5.3 %

Balance Sheet Highlights - At March 31, 2026 vs December 31, 2025

•Total cash and cash equivalents were $34.3 million at March 31, 2026 compared with $42.1 million at December 31, 2025

•Inventories were $76.8 million at March 31, 2026 down from $83.1 million at December 31, 2025

•Total debt was $215.9 million at March 31, 2026 versus $225.3 million at December 31, 2025. Total debt includes the amount outstanding under the company's term loan facility, net of unamortized discounts, revolving line of credit and the company's equipment finance loan

Outlook for 2026

The company reiterated its 2026 full-year outlook and provided 2026 second-quarter guidance, as follows:

Current Outlook

2026 Full Year

Net Salesflat to up 3% vs 2025

Gross Margin %~41% to 43%

Adjusted EBITDA*$70 million to $80 million

2026 Second Quarter

Net sales$195 million to $205 million, up 1% to 6% compared with Q2 2025

Gross margin %~42% to 44%

Adjusted EBITDA*$5 million to $10 million

Webcast Conference Call

The company will host a webcast at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) today, May 7, 2026, to further discuss its first quarter results and business update. A live webcast, presentation materials and a replay of the event will be available on the Investor Relations section on the company’s website at investor.funko.com. The replay of the webcast will be available for one year.

Use of Non-GAAP Financial Measures

*This release contains references to non-GAAP financial measures, including adjusted net income (loss), including per share amounts, adjusted EBITDA, adjusted EBITDA margin and adjusted net loss margin, which are financial measures that are not prepared in conformity with United States generally accepted accounting principles (U.S. GAAP). Management uses these measures internally for evaluating its operating performance, for planning purposes, including the preparation of our annual operating budget and financials projections, to assess incentive compensation for our employees, and to evaluate our capacity to expand our business. The company's management believes that the presentation of non-GAAP financial measures provides useful supplementary information regarding operational performance because it enhances an investor's overall understanding of the financial results for the company's core business. Additionally, it provides a basis for the comparison of the financial results for the company's core business between current, past and future periods as they remove the im

fnko-202603120001704711FALSE00017047112026-03-122026-03-12

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

March 12, 2026 Date of Report (Date of earliest event reported)

FUNKO, INC.

(Exact Name of Registrant as Specified in its Charter)

Delaware 001-38274 35-2593276

(State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)

2802 Wetmore Avenue Everett, Washington 98201 (Address of Principal Executive Offices) (Zip Code)

(425) 783-3616 (Registrant’s telephone number, including area code)

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registered Class A Common Stock, $0.0001 par value per share FNKOThe Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Item 2.02. Results of Operations and Financial Condition. On March 12, 2026, Funko, Inc. (the “Company”) announced its financial results for the quarter and fiscal year ended December 31, 2025. The full text of the press release (the “Press Release”) issued in connection with the announcement is furnished as Exhibit 99.1 to this report and is incorporated herein by reference. The information contained in the website cited in the Press Release is not incorporated herein. Item 7.01. Regulation FD Disclosure. The Company intends to participate in upcoming meetings with investors. The presentation materials for such meetings are furnished as Exhibit 99.2 of this report. The information in Item 2.02 and 7.01 of this report (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing. Item 9.01. Financial Statements and Exhibits. (d)    Exhibits:

Exhibit No.

Description 99.1 Press release of Funko, Inc. issued March 12, 2026.

99.2Presentation of Funko, Inc. dated March 12, 2026.

104Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: March 12, 2026

FUNKO, INC.

By:/s/ Yves Le Pendeven

Yves Le Pendeven

Chief Financial Officer (Principal Financial Officer)

fnko-202511060001704711FALSE00017047112025-11-062025-11-06

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

November 6, 2025 Date of Report (Date of earliest event reported)

FUNKO, INC.

(Exact Name of Registrant as Specified in its Charter)

Delaware 001-38274 35-2593276

(State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)

2802 Wetmore Avenue Everett, Washington 98201 (Address of Principal Executive Offices) (Zip Code)

(425) 783-3616 (Registrant’s telephone number, including area code)

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registered Class A Common Stock, $0.0001 par value per share FNKOThe Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Item 2.02. Results of Operations and Financial Condition. On November 6, 2025, Funko, Inc. (the “Company”) announced its financial results for the three and nine months ended September 30, 2025. The full text of the press release (the “Press Release”) issued in connection with the announcement is furnished as Exhibit 99.1 to this report and is incorporated herein by reference. The information contained in the website cited in the Press Release is not incorporated herein. Item 7.01. Regulation FD Disclosure. The Company intends to participate in upcoming meetings with investors. The presentation materials for such meetings are furnished as Exhibit 99.2 of this report. The information in Item 2.02 and 7.01 of this report (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing. Item 9.01. Financial Statements and Exhibits. (d)    Exhibits:

Exhibit No.

Description 99.1 Press release of Funko, Inc. issued November 6, 2025.

99.2Presentation of Funko, Inc. dated November 6, 2025

104Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: November 6, 2025

FUNKO, INC.

By:/s/ Yves Le Pendeven

Yves Le Pendeven

Chief Financial Officer