Filing Flows › Funko (FNKO) › Q4 2025
Funko (FNKO) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 12, 2026
Funko (FNKO) reported revenue of $273M for the fourth quarter 2025 (Q4 2025), -7% from a year earlier and +9% from the quarter before. Operating margin was 2.2%, net loss $180K (0.1% of revenue).
Funko, Q4 2025: revenue $273M (-7% year over year), operating margin 2.2%, net loss $180K, operating cash flow $28.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $273M | +9% | -7% |
| Operating profit | $6.0M | -7% | — |
| Net earnings | −$180K | -120% | — |
| Operating cash flow | $28.1M | +150% | -53% |
| Free cash flow | $19.2M | +467% | -60% |
What changed
Revenue was $273.1M in Q4 2025, down 7% year over year and up 9% from the previous quarter. Core Collectible was the largest line at 81% of revenue.
Operating profit was $6.0M, a 2.2% margin (up 0.3 points year over year). Total costs fell 7% while revenue fell 7%. The quarter ended with a net loss of $180K, after a profit of $948K the previous quarter. Net interest and other expense of $4.7M was the main reason.
Operating cash flow was $28.1M (down 53% year over year). Non-cash charges added back $14.8M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items added $10.9M. Capital expenditures of $8.9M left free cash flow of $19.2M.
Questions
What was Funko's revenue in the fourth quarter 2025?
Funko (FNKO) reported revenue of $273M for the fourth quarter 2025 (Q4 2025), -7% from a year earlier and +9% from the quarter before.
Was Funko profitable in the fourth quarter 2025?
Operating profit was $6.0M (2.2% of revenue) and net loss $180K.
Source: Funko 10-K on SEC EDGAR.