Basic loss per share of Class A common stock is computed by dividing net loss available to Funko, Inc. by the weighted-average number of shares of Class A common stock outstanding during the period. Diluted loss per share of Class A common stock is computed by dividing net loss available to Funko, Inc. by the weighted-average number of shares of Class A common stock outstanding adjusted to give effect to potentially dilutive securities.

The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted loss per share of Class A common stock:


	Year ended December 31,
	2025		2024		2023
	(in thousands, except per share data)
Numerator:
Net loss	$	(68,295)	$	(15,070)	$	(164,438)
Less: net loss income attributable to non-controlling interests	(935)		(352)		(10,359)
Net loss attributable to Funko, Inc. — basic	$	(67,360)	$	(14,718)	$	(154,079)

Net loss attributable to Funko, Inc. — diluted	$	(67,360)	$	(14,718)	$	(154,079)
Denominator:
Weighted-average shares of Class A common stock outstanding — basic	54,386,924		52,043,490		48,332,401


Weighted-average shares of Class A common stock outstanding — diluted	54,386,924		52,043,490		48,332,401
Loss per share of Class A common stock — basic	$	(1.24)	$	(0.28)	$	(3.19)
Loss per share of Class A common stock — diluted	$	(1.24)	$	(0.28)	$	(3.19)

For the years ended December 31, 2025, 2024 and 2023 an aggregate of 6.2 million, 6.3 million and 9.9 million of potentially dilutive securities, respectively, were excluded from the weighted-average in the computation of diluted loss per share of Class A common stock because the effect would have been anti-dilutive. For the years ended December 31, 2025, 2024 and 2023 anti-dilutive securities included 0.8 million, 2.0 million and 4.0 million of common units of FAH, LLC that are convertible into Class A common stock, but were excluded from the computations of diluted loss per share because the effect would have been anti-dilutive under the if-converted method.

Shares of the Company’s Class B common stock do not participate in the earnings or losses of the Company and are therefore not participating securities. As such, separate presentation of basic and diluted loss per share of Class B common stock under the two-class method has not been presented.