Filing Flows › Funko (FNKO) › Q3 2025
Funko (FNKO) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Funko (FNKO) reported revenue of $251M for the third quarter 2025 (Q3 2025), -14% from a year earlier and +30% from the quarter before. Operating margin was 2.6%, net earnings $901K (0.4% of revenue).
Funko, Q3 2025: revenue $251M (-14% year over year), operating margin 2.6%, net earnings $901K, operating cash flow $11.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $251M | +30% | -14% |
| Operating profit | $6.4M | — | -45% |
| Net earnings | $901K | — | -79% |
| Operating cash flow | $11.2M | — | +236% |
| Free cash flow | $3.4M | — | — |
What changed
Revenue was $250.9M in Q3 2025, down 14% year over year and up 30% from the previous quarter. Core Collectible was the largest line at 80% of revenue. Core Collectible lost $27.4M year over year (down 12%), 66% of the total change.
Operating profit was $6.4M, a 2.6% margin (down 1.4 points year over year). Total costs fell 13% while revenue fell 14%. Net earnings were $901K, down 79% year over year. The effective tax rate was 56.4%.
Operating cash flow was $11.2M (up 236% year over year), 1185% of net income including minority interests. Non-cash charges added back $14.5M of depreciation and amortization and $2.5M of share-based compensation. Working capital and other items used $6.8M. Capital expenditures of $7.9M left free cash flow of $3.4M.
Questions
What was Funko's revenue in the third quarter 2025?
Funko (FNKO) reported revenue of $251M for the third quarter 2025 (Q3 2025), -14% from a year earlier and +30% from the quarter before.
Was Funko profitable in the third quarter 2025?
Operating profit was $6.4M (2.6% of revenue) and net earnings $901K.
Source: Funko 10-Q on SEC EDGAR.