Funko Inc. Class A Common Stock (FNKO)

FairStock Score: 47/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses whose earnings are durable and whose balance sheets can survive mistakes. Funko is a licensed pop-culture collectibles maker. It has brand heat around movies, games, music, and sports, but licensed products rarely create the kind of moat I prize; fads shift and licensors hold power. The filed record is mixed. Revenue fell from $1.1B in FY2023 to $1.0B in FY2024 and $908.2M in FY2025, while net losses were $154.1M, $14.7M, and $67.4M respectively. Yet the quarter ended 2026-06-30, fiscal Q2 2026, showed revenue of $207.7M and net income of $15.4M, or diluted EPS of $0.27. The prior-year quarter ended 2025-06-30 had revenue of $193.5M and a net loss of $40.5M, so the latest quarter is a real improvement. Still, the quarter ended 2026-03-31 had a $18.1M net loss, so consistency is unproven. Financial health gives me pause: debt-to-equity is 1.39 and the Altman Z-Score is 0.60, a FairStock calculation that signals balance-sheet stress. Piotroski is 6/9, middling. Positive trailing free cash flow of $27.2M and a 7.3% FCF yield offer some support. At the 2026-10-13 close of $6.52, market cap is $374.6M; P/B is 1.95, EV/EBITDA is 6.95, and P/E is negative because trailing EPS is -$0.03. FairStock score 47/100 fits a speculative turnaround. I want more years of profit, lower debt, and stable revenue before calling this cheap.

In plain English: Funko sells pop-culture collectibles, toys, and licensed merchandise. The business has been weak overall, with losses in recent years and falling annual revenue, though the latest quarter showed a profit and positive cash generation. At $6.52 a share, the price looks more fair than bargain because profits have been unreliable and debt is high.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer