Quarterly ResultMay 7, 2026, 04:31 PM
Funko Q1 Net Sales $200.9M (+5%); Gross Margin 44.2% (Record High)
AI Summary
Funko, Inc. reported strong first-quarter 2026 financial results, with net sales, gross margin, and adjusted EBITDA all exceeding expectations. Net sales grew 5.3% year-over-year to $200.9 million, and the company achieved its highest-ever gross margin of 44.2%. Adjusted EBITDA significantly improved to $11.3 million from a negative $4.7 million in the prior year period. The company also reiterated its full-year 2026 outlook and provided positive second-quarter guidance, reflecting continued positive momentum.
Key Highlights
- Net sales increased 5.3% to $200.9 million in Q1 2026 from $190.7 million in Q1 2025.
- Gross margin was 44.2% in Q1 2026, the highest ever reported by the company.
- Adjusted EBITDA was $11.3 million in Q1 2026, compared to negative $4.7 million in Q1 2025.
- Core Collectibles net sales grew 16.8% to $168.8 million.
- Europe net sales increased 25.6% to $68.1 million.
- Total debt reduced to $215.9 million at March 31, 2026, from $225.3 million at December 31, 2025.
- Funko reiterated its 2026 full-year net sales outlook: flat to up 3% vs 2025.
- Q2 2026 net sales guidance is $195 million to $205 million, up 1% to 6% year-over-year.