Funko (FNKO) financial statements
Funko reported revenue of $908M in fiscal 2025, up 8.8% a year over 9 years.
Net income was -$67M and the operating margin -5.0%, against 10.3% in 2016.
Free cash flow was -$38M.
The diluted share count rose 7% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Funko's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $427M | $516M | $686M | $795M | $653M | $1.0B | $1.3B | $1.1B | $1.0B | $908M |
| Cost of revenue | $280M | $317M | $431M | $513M | $403M | $648M | $889M | $763M | $615M | $557M |
| Gross profit | $146M | $199M | $255M | $283M | $249M | $381M | $434M | $333M | $435M | $351M |
| Selling, general and admin | $78M | $121M | $155M | $194M | $181M | $244M | $398M | $377M | $359M | $338M |
| Operating income | $44M | $42M | $61M | $47M | $24M | $95M | -$12M | -$104M | $13M | -$46M |
| Pre-tax income | $27M | $7M | $30M | $32M | $12M | $85M | -$23M | -$32M | -$11M | -$64M |
| Income tax | — | $1M | $5M | $4M | $2M | $17M | -$18M | $132M | $5M | $4M |
| Net income | $27M | $4M | $7M | $12M | $4M | $44M | -$8M | -$154M | -$15M | -$67M |
| EPS (diluted) | — | $0.04 | $0.29 | $0.36 | $0.11 | $1.08 | -$0.18 | -$3.19 | -$0.28 | -$1.24 |
| Diluted shares | — | 51M | 26M | 33M | 36M | 41M | 45M | 48M | 52M | 54M |
| Gross margin | 34.3% | 38.5% | 37.2% | 35.5% | 38.2% | 37.0% | 32.8% | 30.4% | 41.4% | 38.7% |
| Operating margin | 10.3% | 8.2% | 8.9% | 5.9% | 3.6% | 9.3% | -0.9% | -9.5% | 1.2% | -5.0% |
| Net margin | 6.3% | 0.8% | 1.1% | 1.5% | 0.6% | 4.3% | -0.6% | -14.1% | -1.4% | -7.4% |
Balance sheet
Fiscal years, from Funko's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $6M | $8M | $13M | $25M | $52M | $84M | $19M | $36M | $35M | $42M |
| Receivables | $84M | $115M | $149M | $152M | $132M | $188M | $168M | $131M | $120M | $117M |
| Inventory | $44M | $80M | $87M | $62M | $60M | $166M | $246M | $119M | $93M | $83M |
| Total current assets | $152M | $225M | $261M | $259M | $259M | $453M | $473M | $337M | $287M | $290M |
| Property, plant and equipment | $25M | $40M | $44M | $66M | $56M | $59M | $102M | $91M | $78M | $69M |
| Goodwill | $97M | $114M | $116M | $125M | $125M | $127M | $131M | $134M | $134M | $134M |
| Total assets | $522M | $634M | $666M | $796M | $764M | $968M | $1.1B | $799M | $707M | $685M |
| Total current liabilities | $98M | $133M | $143M | $158M | $139M | $285M | $361M | $353M | $306M | $244M |
| Long-term debt | $204M | $215M | $217M | $203M | $180M | $156M | $154M | $131M | $100M | $202M |
| Total liabilities | $305M | $353M | $373M | $491M | $441M | $571M | $701M | $561M | $471M | $499M |
| Shareholders' equity | $217M | $131M | $155M | $225M | $242M | $322M | $368M | $232M | $233M | $186M |
| Net debt | $205M | $215M | $214M | $191M | $139M | $90M | $157M | $117M | $88M | $183M |
Cash flow
Fiscal years, from Funko's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $49M | $24M | $50M | $91M | $109M | $87M | -$40M | $31M | $124M | -$5M |
| Capital spending | $21M | $34M | $27M | $42M | $18M | $28M | $59M | $35M | $33M | $33M |
| Free cash flow | $28M | -$10M | $23M | $49M | $90M | $60M | -$99M | -$4M | $91M | -$38M |
| Stock-based compensation | $2M | $6M | $9M | $13M | $10M | $13M | $17M | $11M | $14M | $12M |
| Net borrowing | $40M | $7M | -$1M | — | — | -$198M | -$18M | -$23M | -$31M | -$23M |
| Free cash flow margin | 6.6% | -1.9% | 3.4% | 6.1% | 13.8% | 5.8% | -7.5% | -0.4% | 8.6% | -4.2% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for FNKO.
Open FNKO in InvestinglyQuestions
What was Funko's revenue in 2025?
$908M in fiscal 2025, from its 10-K filing.
How much free cash flow does Funko generate?
-$38M in fiscal 2025 (operating cash flow minus capital spending).
From Funko's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.