Filing Flows › Funko (FNKO) › Q1 2025
Funko (FNKO) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Funko (FNKO) reported revenue of $191M for the first quarter 2025 (Q1 2025), -12% from a year earlier and -35% from the quarter before. Operating margin was -12.2%, net loss $28.1M (14.7% of revenue).
Funko, Q1 2025: revenue $191M (-12% year over year), operating margin -12.2%, net loss $28.1M, operating cash flow −$22.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $191M | -35% | -12% |
| Operating profit | −$23.2M | — | — |
| Net earnings | −$28.1M | — | — |
| Operating cash flow | −$22.3M | — | — |
What changed
Revenue was $190.7M in Q1 2025, down 12% year over year and down 35% from the previous quarter. Core Collectible was the largest line at 76% of revenue. Core Collectible lost $12.6M year over year (down 8%), 51% of the total change.
Operating costs exceeded revenue by $23.2M, an operating margin of -12.2%. Total costs fell 7% while revenue fell 12%. The quarter ended with a net loss of $28.1M, wider than the previous quarter's $1.4M loss. Minority interests bore $471K of it: to shareholders the quarter was a loss of $27.6M.
Operating cash flow was −$22.3M. Non-cash charges added back $15.3M of depreciation and amortization and $3.3M of share-based compensation. Working capital and other items used $12.7M. Capital expenditures of $6.6M exceeded it, leaving free cash flow of −$28.8M.
Questions
What was Funko's revenue in the first quarter 2025?
Funko (FNKO) reported revenue of $191M for the first quarter 2025 (Q1 2025), -12% from a year earlier and -35% from the quarter before.
Was Funko profitable in the first quarter 2025?
Operating loss was $23.2M (-12.2% of revenue) and net loss $28.1M.
Source: Funko 10-Q on SEC EDGAR.