(FNKO) Funko - Overview
Sector: Consumer Cyclical | Industry: Leisure | Exchange: NASDAQ (USA) | Market Cap: 291m USD | Total Return: 34.3% in 12m
Avg Turnover: 3.18M
Qual. Beats: 0
Rev. Trend: -97.2%
Qual. Beats: 2
Warnings
High Debt/EBITDA (11.2) with thin interest coverage (-1.5)
High Debt while negative Cash Flow
Interest Coverage Ratio -1.5 is critical
Altman Z'' -1.46 < 1.0 - financial distress zone
Choppy
Tailwinds
No distinct edge detected
Funko Inc. (FNKO) is a consumer products company specializing in licensed pop culture merchandise. Headquartered in Everett, Washington, the firm designs and distributes a diverse portfolio of collectibles, apparel, and accessories under established brands such as Pop!, Loungefly, and Mystery Minis. Its revenue model relies on securing intellectual property licenses across film, television, video games, and sports to produce physical and digital goods for a global market.
The company operates within the broader toy and collectibles sector, where value is heavily driven by the timing of entertainment release cycles and the strength of third-party licensing agreements. Funko utilizes an omni-channel distribution strategy, reaching consumers through mass-market retailers, specialized e-commerce platforms, and direct-to-consumer sales at fan conventions. This model allows the company to capitalize on evergreen properties while rapidly pivoting to trends in current media.
Investors looking for deeper financial metrics may find it useful to evaluate the companys performance on ValueRay. Given the competitive nature of the collectibles industry, Funko remains focused on expanding its lifestyle categories, including handbags and digital tokens, to diversify beyond its core vinyl figure business.
- Loungefly brand growth sustains high-margin revenue expansion in direct-to-consumer channels
- Inventory management improvements reduce warehouse costs and stabilize operating margins
- Entertainment release cycles and major studio partnerships dictate quarterly sales volatility
- Consumer discretionary spending shifts impact demand for non-essential collectible products
- Licensing royalty structures and manufacturing costs influence long-term gross margin stability
| Net Income: -57.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.01 > 0.02 and ΔFCF/TA -9.12 > 1.0 |
| NWC/Revenue: 3.35% < 20% (prev -4.05%; Δ 7.40% < -1%) |
| CFO/TA 0.04 > 3% & CFO 27.3m > Net Income -57.8m |
| Net Debt (306.9m) to EBITDA (27.4m): 11.22 < 3 |
| Current Ratio: 1.15 > 1.5 & < 3 |
| Outstanding Shares: last quarter (55.4m) vs 12m ago 3.54% < -2% |
| Gross Margin: 33.17% > 18% (prev 0.40%; Δ 3.28k% > 0.5%) |
| Asset Turnover: 144.1% > 50% (prev 158.1%; Δ -13.92% > 0%) |
| Interest Coverage Ratio: -1.55 > 6 (EBITDA TTM 27.4m / Interest Expense TTM 20.2m) |
| A: 0.05 (Total Current Assets 241.1m - Total Current Liabilities 210.3m) / Total Assets 625.9m |
| B: -0.31 (Retained Earnings -194.2m / Total Assets 625.9m) |
| C: -0.05 (EBIT TTM -31.3m / Avg Total Assets 637.1m) |
| D: -0.42 (Book Value of Equity -190.6m / Total Liabilities 456.7m) |
| Altman-Z'' = -1.46 = CCC |
| DSRI: 1.11 (Receivables 90.7m/90.8m, Revenue 918.4m/1.02b) |
| GMI: 1.21 (GM 33.17% / 39.99%) |
| AQI: 1.00 (AQ_t 0.44 / AQ_t-1 0.44) |
| SGI: 0.90 (Revenue 918.4m / 1.02b) |
| TATA: -0.14 (NI -57.8m - CFO 27.3m) / TA 625.9m) |
| Beneish M = -2.96 (Cap -4..+1) = A |
As of May 30, 2026, the stock is trading at USD 5.68 with a total of 1,305,083 shares traded.
Over the past week, the price has changed by +10.08%,
over one month by +33.02%,
over three months by +13.60% and
over the past year by +34.28%.
Funko has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy FNKO.
- StrongBuy: 1
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 6.5 | 14.4% |
P/E Forward = 12.7714
P/S = 0.3168
P/B = 1.72
Revenue TTM = 918.4m USD
EBIT TTM = -31.3m USD
EBITDA TTM = 27.4m USD
Long Term Debt = 196.2m USD (from longTermDebt, last quarter)
Short Term Debt = 36.0m USD (from shortTermDebt, last quarter)
Debt = 341.2m USD (from shortLongTermDebtTotal, last quarter) + Leases 63.4m
Net Debt = 306.9m USD (calculated: Debt 341.2m - CCE 34.3m)
Enterprise Value = 597.9m USD (290.9m + Debt 341.2m - CCE 34.3m)
Interest Coverage Ratio = -1.55 (Ebit TTM -31.3m / Interest Expense TTM 20.2m)
EV/FCF = -81.55x (Enterprise Value 597.9m / FCF TTM -7.33m)
FCF Yield = -1.23% (FCF TTM -7.33m / Enterprise Value 597.9m)
FCF Margin = -0.80% (FCF TTM -7.33m / Revenue TTM 918.4m)
Net Margin = -6.30% (Net Income TTM -57.8m / Revenue TTM 918.4m)
Gross Margin = 33.17% ((Revenue TTM 918.4m - Cost of Revenue TTM 613.8m) / Revenue TTM)
Gross Margin QoQ = 36.86% (prev 35.46%)
Tobins Q-Ratio = 0.96 (Enterprise Value 597.9m / Total Assets 625.9m)
Interest Expense / Debt = 5.92% (Interest Expense 20.2m / Debt 341.2m)
Taxrate = 21.0% (US default 21%)
NOPAT = -24.7m (EBIT -31.3m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.15 (Total Current Assets 241.1m / Total Current Liabilities 210.3m)
Debt / Equity = 2.02 (Debt 341.2m / totalStockholderEquity, last quarter 169.1m)
Debt / EBITDA = 11.22 (Net Debt 306.9m / EBITDA 27.4m)
Debt / FCF = -41.87 (negative FCF - burning cash) (Net Debt 306.9m / FCF TTM -7.33m)
Total Stockholder Equity = 179.7m (last 4 quarters mean from totalStockholderEquity)
RoA = -9.08% (Net Income -57.8m / Total Assets 625.9m)
RoE = -15.47% (Net Income TTM -57.8m / Total Stockholder Equity 373.9m)
RoCE = -5.48% (EBIT -31.3m / Capital Employed (Equity 373.9m + L.T.Debt 196.2m))
RoIC = -5.47% (negative operating profit) (NOPAT -24.7m / Invested Capital 451.6m)
WACC = 10.25% (E(290.9m)/V(632.2m) * Re(16.79%) + D(341.2m)/V(632.2m) * Rd(5.92%) * (1-Tc(0.21)))
Discount Rate = 16.79% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 84.85 | Cagr: 6.24%
[DCF] Fair Price = unknown (Cash Flow -7.33m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.64 | # QB: 0
Revenue Correlation: -97.16 | Revenue CAGR: -8.82% | SUE: 1.35 | # QB: 2
EPS current Quarter (2026-06-30): EPS=-0.18 | Chg30d=-12.12% | Revisions=-20% | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.12 | Chg30d=-36.84% | Revisions=N/A | Analysts=2
EPS current Year (2026-12-31): EPS=-0.04 | Chg30d=+64.00% | Revisions=+20% | GrowthEPS=+93.6% | GrowthRev=+2.2%
EPS next Year (2027-12-31): EPS=0.22 | Chg30d=+51.72% | Revisions=N/A | GrowthEPS=+588.9% | GrowthRev=+6.4%
[Analyst] Revisions Ratio: -20%