Short answer
Funko, Inc. (FNKO) filed its Q3 2025 10-Q quarterly report on Nov 6, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $251M (down 14.3% year over year) with net income of $901,000.
Q3 2025 key financials · XBRL
- Revenue
- $251M
- −14.3% YoY · +29.7% QoQ
- Net income
- $901,000
- −79.2% YoY · +102.2% QoQ
- Operating margin
- 2.6%
- EPS (diluted)
- $0.02
- −75.0% YoY · +102.7% QoQ
Source: XBRL data from the Funko, Inc. (FNKO) Q3 2025 10-Q on SEC EDGAR. USD.
Funko, Inc. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Q3 revenue $250.9M, down 14.3% YoY from $292.8M amid tariff disruption and macroeconomic uncertainty
- Gross margin 40.2% vs 40.9% YoY; net income $0.9M vs $4.6M
- Best category Loungefly $44.7M, down 5.5%; worst Other branded $5.8M, down 67.0%
- Tariffs, shipping, freight costs and retailer inventory caution pressuring near-term sales and margins
- Management adjusted inventory toward non-exclusive core products; price increases partially mitigating tariff costs
Risk Factors
- New going-concern risk triggered by tariff-driven performance pressure and forecast covenant noncompliance through December 31, 2025
- Materially updated debt risk: $234.2 million Credit Facilities outstanding with refinancing or sale milestones due by February 2026
- Regulatory risk from new U.S. tariffs on imports from China, Vietnam, and Mexico, potentially reducing margins and product competitiveness
- Operational risk from international concentration, with overseas customers representing 39% of nine-month sales and manufacturing concentrated in Vietnam, China, and Mexico
- Liquidity risk from $135.0 million revolving borrowings and Credit Facilities maturing in September 2026
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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