Funko (FNKO) AI Stock Analysis

• Market Cap: $173.85M
• Dividend Yield: N/A
• Average Volume (3M): 1.38M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.54
• Revenue Growth: -9.07%
• EPS Growth: -38.09%
• Country: US
• Employees: 1,267
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Leisure
• EPS (TTM): -0.48
• Shares Outstanding: 54,717,580
• 10 Day Avg. Volume: 1,432,302
• 30 Day Avg. Volume: 1,383,915
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 3.12
• Enterprise Value/Revenue: 0.56
• Enterprise Value/Gross Profit: 1.47
• Enterprise Value/Ebitda: 30.76
• 1Y Price Target: $4.25
• Price Target Upside: 29.97% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 45 Neutral
• Price Target: $3.50 ▲(7.03% Upside)

Funko's overall stock score is primarily impacted by its poor financial performance, characterized by declining revenue and profitability, high leverage, and cash flow issues. The technical analysis provides a neutral outlook, while the valuation is weak due to a negative P/E ratio. Despite some optimism for future performance improvements, the current financial challenges weigh heavily on the stock's score.

Positive Factors

International Business Growth

Strong international sales growth indicates expanding global market presence, which can offset domestic challenges and drive long-term revenue.

Tariff Mitigation Plan

Mitigating tariff impacts through strategic production shifts and pricing adjustments can enhance cost efficiency and profit margins over time.

Product Diversification

A broad product range across popular franchises helps Funko tap into various consumer segments, reducing dependency on any single market.

Negative Factors

Declining Revenue

Consistent revenue decline suggests challenges in maintaining market share and consumer demand, impacting long-term financial health.

High Leverage

High leverage increases financial risk and limits flexibility, potentially constraining growth and investment opportunities.

Negative Cash Flow

Negative cash flow growth indicates difficulties in generating sufficient cash to fund operations, affecting liquidity and long-term viability.

Funko Business Overview & Revenue Model

Company Description

Funko, Inc., a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, Europe, and internationally. The company provides vinyl, blind-packed miniature, and action figures; fashion accessories, including bags, backpacks, and wallets; apparel, such as t-shirts and hats; board games, plush products, and accessories, such as keychains, pens, and pins; homewares, comprising drinkware, and other home accessories, non-fungible tokens, and others. It offers its products under the Funko, Pop!, Loungefly, Mystery Minis, Paka Paka, Vinyl Gold, Funko Soda, Funko Games, Funko action figures, Funko Plush, Funko Gold, and Popsies brand names; and licenses its properties under the classic evergreen, movie release, current TV, and current video game categories. The company sells its products to specialty retailers, mass-market retailers, e-commerce sites, and distributors; and at specialty licensing and comic book shows, conventions, and exhibitions, as well as through its e-commerce business. Funko, Inc. was incorporated in 2017 and is headquartered in Everett, Washington.

How the Company Makes Money

Funko generates revenue through the sale of its licensed merchandise, primarily focusing on collectibles such as Pop! Vinyl figures, action figures, and other themed products. The company has established partnerships with major studios and franchises, allowing it to produce exclusive and limited-edition items that attract collectors and fans alike. Key revenue streams include retail sales through major retailers, e-commerce platforms, and direct sales at conventions and events. Funko also benefits from the growth of the collectibles market and the increasing demand for licensed merchandise, which supports its earnings. Collaborations and exclusive product launches with popular franchises, as well as an expanding international presence, further contribute to its financial success.

Funko Financial Statement Overview

Summary

Funko faces significant financial challenges with declining revenue, negative profitability, high leverage, and cash flow issues. The income statement shows a negative growth rate and profitability, the balance sheet indicates high leverage, and cash flow analysis reveals negative free cash flow and growth.

Income Statement

Funko's income statement reveals declining revenue with a negative growth rate of -5.29% in the TTM. The company is struggling with profitability, as indicated by a negative net profit margin of -6.72% and an EBIT margin of -4.51%. Despite a reasonable gross profit margin of 37.97%, the overall financial health is weakened by consistent losses.

Balance Sheet

The balance sheet shows a high debt-to-equity ratio of 1.83, indicating significant leverage and potential financial risk. The return on equity is negative at -30.23%, reflecting poor returns for shareholders. The equity ratio stands at 26.07%, suggesting moderate reliance on equity financing.

Cash Flow

Cash flow analysis highlights a concerning free cash flow growth rate of -133.07% in the TTM, with negative free cash flow. The operating cash flow to net income ratio is low at 0.04, and the free cash flow to net income ratio is negative, indicating cash flow challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	970.70M	1.05B	1.10B	1.32B	1.03B	652.54M
Gross Profit	368.60M	434.53M	333.00M	434.02M	380.99M	249.15M
EBITDA	17.61M	72.65M	55.79M	34.96M	136.66M	67.91M
Net Income	-65.25M	-14.72M	-154.08M	-8.04M	43.90M	3.96M
Balance Sheet
Total Assets	694.91M	707.25M	804.64M	1.09B	967.50M	763.59M
Cash, Cash Equivalents and Short-Term Investments	49.15M	34.66M	36.45M	19.20M	83.56M	52.26M
Total Debt	331.22M	260.31M	362.35M	347.08M	238.63M	262.12M
Total Liabilities	513.74M	470.90M	566.61M	701.46M	570.95M	441.14M
Stockholders Equity	181.17M	233.02M	231.94M	368.22M	321.64M	242.27M
Cash Flow
Free Cash Flow	-17.05M	90.73M	-4.20M	-99.28M	59.60M	88.76M
Operating Cash Flow	18.69M	123.52M	30.93M	-40.13M	87.36M	107.24M
Investing Cash Flow	-34.48M	-25.23M	-39.80M	-78.06M	-27.38M	-18.48M
Financing Cash Flow	23.71M	-99.24M	25.60M	54.64M	-28.63M	-61.84M

Funko Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.27
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FNKO, the sentiment is Negative. The current price of 3.27 is below the 20-day moving average (MA) of 3.52, below the 50-day MA of 3.38, and below the 200-day MA of 6.82, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 43.89 is Neutral, neither overbought nor oversold. The STOCH value of 6.80 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FNKO.

Funko Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JAKK	72 Outperform	$206.89M	5.48	16.28%	3.97%	1.31%	23.14%
MAT	71 Outperform	$5.55B	11.64	24.23%	―	-1.72%	70.21%
HAS	54 Neutral	$10.54B	-18.70	-235.71%	3.69%	-6.42%	45.85%
FNKO	45 Neutral	$173.85M	―	-32.24%	―	-9.07%	-38.09%
PLBY	45 Neutral	$158.10M	-1.87	-3842.56%	―	21.73%	-29.67%
DOGZ	41 Neutral	$171.86M	-33.16	―	―	46.16%	2.75%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

Funko Corporate Events

Funko Amends Stockholders Agreement with TCG Fuji

On August 14, 2025, Funko, Inc. amended its Stockholders Agreement with its largest stockholder, TCG Fuji 3.0, LP, to adjust the conditions under which TCG retains certain consent rights. The amendment allows TCG to exclude up to $40 million of shares issued in at-the-market offerings from the 22% beneficial ownership threshold, potentially impacting future capital stock issuances.

The most recent analyst rating on (FNKO) stock is a Sell with a $7.00 price target. To see the full list of analyst forecasts on Funko stock, see the FNKO Stock Forecast page.

Funko Appoints Josh Simon as New CEO

On August 11, 2025, Funko, Inc. announced the appointment of Josh Simon as the new Chief Executive Officer and a Class II director, effective September 1, 2025. Simon, who previously held a leadership role at Netflix, brings extensive experience in global consumer products and strategy. His appointment is accompanied by a comprehensive employment agreement that includes a significant compensation package and equity awards, reflecting the company’s strategic focus on strengthening its leadership and market position.

The most recent analyst rating on (FNKO) stock is a Sell with a $7.00 price target. To see the full list of analyst forecasts on Funko stock, see the FNKO Stock Forecast page.

Funko Faces Financial Reporting Challenges in 2024

Funko, Inc. has released its consolidated financial statements for the years ending December 31, 2024, 2023, and 2022, revealing material weaknesses in its internal control over financial reporting as of December 31, 2024. The company faces substantial doubt about its ability to continue as a going concern due to adverse effects on net sales, margins, and profitability, exacerbated by tariffs. Additionally, Funko changed its accounting principle regarding crypto asset safeguarding in 2024.

The most recent analyst rating on (FNKO) stock is a Sell with a $7.00 price target. To see the full list of analyst forecasts on Funko stock, see the FNKO Stock Forecast page.