Filing Flows › Funko (FNKO) › Q2 2025
Funko (FNKO) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Funko (FNKO) reported revenue of $193M for the second quarter 2025 (Q2 2025), -22% from a year earlier and +1% from the quarter before. Operating margin was -18.0%, net loss $41.0M (21.2% of revenue).
Funko, Q2 2025: revenue $193M (-22% year over year), operating margin -18.0%, net loss $41.0M, operating cash flow −$22.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $193M | +1% | -22% |
| Operating profit | −$34.7M | — | — |
| Net earnings | −$41.0M | — | — |
| Operating cash flow | −$22.2M | — | — |
What changed
Revenue was $193.5M in Q2 2025, down 22% year over year and up 1% from the previous quarter. Core Collectible was the largest line at 81% of revenue. Core Collectible lost $29.3M year over year (down 16%), 54% of the total change.
Operating costs exceeded revenue by $34.7M, an operating margin of -18.0%. Total costs fell 4% while revenue fell 22%. The quarter ended with a net loss of $41.0M, wider than the previous quarter's $28.1M loss. Minority interests bore $514K of it: to shareholders the quarter was a loss of $40.5M.
Operating cash flow was −$22.2M. Non-cash charges added back $14.5M of depreciation and amortization and $3.1M of share-based compensation. Working capital and other items added $1.2M. Capital expenditures of $9.7M exceeded it, leaving free cash flow of −$31.8M.
Questions
What was Funko's revenue in the second quarter 2025?
Funko (FNKO) reported revenue of $193M for the second quarter 2025 (Q2 2025), -22% from a year earlier and +1% from the quarter before.
Was Funko profitable in the second quarter 2025?
Operating loss was $34.7M (-18.0% of revenue) and net loss $41.0M.
Source: Funko 10-Q on SEC EDGAR.