Funko, Inc. — Form 8-K
Filed August 6, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 68/100
What the filing says
Funko reported Q2 2026 net sales of $207.7M (+7% YoY vs guidance of +1–6%), with Core Collectibles up 9%. Gross margin reached record 56.6% (including $25.4M tariff refund benefit; 44.4% excluding it). Adjusted EBITDA was $40.9M, well above $5–10M guidance ($15.5M ex-tariff). The company raised full-year 2026 adjusted EBITDA guidance to $100–110M (from $70–80M) and reduced debt by $15M. No counterparties, financing, or M&A transactions disclosed.
Why this rating
Strong operational beat, margin expansion, and debt reduction materially improve profitability outlook. Tariff benefit ($25.4M) is 12.9% of market cap but underlying EBITDA improvement also real. Guidance raise significant for $197M company; however, tariff benefit is temporary, limiting upside durability.
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