Funko (NASDAQ:FNKO) Releases Quarterly Earnings Results, Beats Estimates By $0.23 EPS

Funko (NASDAQ:FNKO) issued its quarterly earnings data on Thursday. The company reported ($0.11) EPS for the quarter, beating the consensus estimate 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 firm 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 Stock Up 17.9%

FNKO stock traded up $0.80 during midday trading on Friday, hitting $5.26. The company’s stock had a trading volume of 4,323,417 shares, compared to its average volume of 529,401. The firm’s 50-day moving average is $4.02 and its 200-day moving average is $3.67. The company has a current ratio of 1.19, a quick ratio of 0.85 and a debt-to-equity ratio of 1.09. Funko has a 12 month low of $2.22 and a 12 month high of $6.09. The company has a market cap of $292.14 million, a PE ratio of -5.01 and a beta of 0.82.

Wall Street Analyst Weigh In

Several analysts have weighed in on FNKO shares. Truist Financial set a $6.50 price objective on Funko in a research report on Friday, March 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Funko in a research report on Tuesday, April 21st. Finally, The Goldman Sachs Group raised their target price on Funko from $3.50 to $4.00 and gave the company a “neutral” rating in a research note on Monday, March 16th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $5.83.

Funko News Roundup

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

Insider Buying and Selling

In other news, insider Tracy D. Daw sold 12,793 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $3.65, for a total transaction of $46,694.45. Following the sale, the insider owned 47,016 shares of the company’s stock, valued at $171,608.40. This trade represents a 21.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last ninety days, insiders sold 44,210 shares of company stock valued at $173,146. 3.27% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Funko

Several institutional investors have recently made changes to their positions in the business. Invesco Ltd. raised its holdings in Funko by 1.9% in the 4th quarter. Invesco Ltd. now owns 143,809 shares of the company’s stock worth $489,000 after purchasing an additional 2,717 shares during the period. Vident Advisory LLC grew its holdings in Funko by 40.0% during the fourth quarter. Vident Advisory LLC now owns 50,957 shares of the company’s stock valued at $173,000 after purchasing an additional 14,560 shares during the period. Empowered Funds LLC raised its stake in shares of Funko by 9.8% in the fourth quarter. Empowered Funds LLC now owns 202,707 shares of the company’s stock worth $689,000 after buying an additional 18,122 shares during the period. XTX Topco Ltd lifted its position in shares of Funko by 254.9% during the 4th quarter. XTX Topco Ltd now owns 147,986 shares of the company’s stock valued at $503,000 after buying an additional 106,293 shares in the last quarter. Finally, Tudor Investment Corp ET AL bought a new position in shares of Funko during the 4th quarter valued at approximately $134,000. Institutional investors own 99.15% of the company’s stock.

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.