Business Wire·Aug 6, 2026, 4:05 PM ET

Funko Reports Strong Second Quarter 2026 Financial Results; Reiterates Full-Year Net Sales Outlook and Raises Adjusted EBITDA Guidance

Funko reported Q2 2026 net sales of $207.7 million, a 7% increase year-over-year from $193.5 million.
Core Collectibles sales grew 9% to $171.6 million, while Loungefly sales decreased 1.7% to $31.3 million.
Gross margin reached a record 56.6% in Q2, up from 32.1% in the prior year period, aided by a $25.4 million pre-tax benefit from tariff refunds.
Adjusted EBITDA was $40.9 million, a significant improvement from negative $16.5 million in the same quarter last year.
Net income for the quarter was $15.4 million ($0.27 per diluted share), reversing a net loss of $40.5 million in the prior year.
Total debt was reduced to $201.1 million at June 30, 2026, down from $225.3 million at year-end 2025, representing a $15M reduction.
The company executed a $19.2 million sale of tariff claims, using half the proceeds to pay down term loan debt.
Funko raised its full-year 2026 gross margin guidance to 46%-47% and adjusted EBITDA guidance to $100M-$110M.
Third-quarter 2026 guidance anticipates flat year-over-year net sales, a gross margin of 43%-44%, and adjusted EBITDA of $25M-$30M.
Inventories increased to $88.8 million at quarter-end, while total cash and cash equivalents decreased to $40.7 million.
Sales growth was driven by broad momentum across theatrical, anime, gaming, sports, and the launch of POP! Mystery products.