Q2 2025 Funko Inc Earnings Call Transcript

Aug 7, 2025 / 08:30 PM GMT

Release Date Price: €3.02 (-1.18%)

Transcript 10-Q8-K

Key Points

Positve

Funko Inc (FNKO) has resumed shipping orders to direct import customers and fully implemented price increases, indicating a return to normal operations.
The international business, which represents more than one-third of sales, showed strong momentum with 18% POS sales growth in the first half of the year and 28% in Q2.
Funko Inc (FNKO) is on track to launch 'Pop Yourself' in Europe for the holiday season, potentially boosting sales.
The company has made significant progress in mitigating the impact of tariffs by shifting production out of China and into Vietnam and other countries.
Funko Inc (FNKO) has filed an ATM equity offering to bolster liquidity, providing financial flexibility.

Negative

Total net sales for Q2 were $193.5 million, a 22% decline compared to the previous year, primarily due to US tariff policy disruptions.
Gross profit decreased significantly, with a gross margin of 32.1% compared to 42% in the previous year's Q2.
The company reported an adjusted net loss of $26.7 million, or $0.48 per share, compared to an adjusted net income of $5.6 million the previous year.
Funko Inc (FNKO) faces ongoing uncertainty around global tariff policies and macroeconomic conditions, making it difficult to provide a formal outlook.
The company's liquidity is strained, with total liquidity at $54.2 million and a need to refinance debt due in September 2026.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FNKO.OQ - Funko Inc
Q2 2025 Funko Inc Earnings Call
Aug 07, 2025 / 08:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon and welcome to Fun cos 2025 2nd quarter financial results conference call. At this time, all participants are in a listen-only mode. Later, we will conduct a question and answer session, and instructions will follow at that time. Please be advised that reproduction of this call in whole or in part is not permitted without written authorization from the company.

As a reminder, this call is being recorded.

I will now turn the call over to Franco's director of investor relations, Rob Jaffe, please proceed.

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Unidentified_2 [2]
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