v3.25.4
Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Schedule of Stock Option Activity
A summary of stock option activity for the year ended December 31, 2025 is as follows:
Funko, Inc.
Stock
Options
Weighted
Average
Exercise Price
Aggregate
Intrinsic
Value
Remaining
Contractual
Life
(in thousands)(in thousands)(years)
Outstanding at December 31, 20242,971 $11.82 $10,094 7.27
Granted524 6.83 — 
Exercised(41)5.51 69 
Forfeited(776)11.26 31 
Outstanding at December 31, 20252,678 11.10 — 6.73
Options exercisable at December 31, 20251,743 $13.41 $— 5.70
A summary of performance stock option activity for the year ended December 31, 2025 is as follows:
Funko, Inc.
Performance Stock Options
Weighted
Average
Exercise Price
Aggregate
Intrinsic
Value
Remaining
Contractual
Life
(in thousands)(years)
Outstanding at December 31, 2024298 $8.39 $1,490 9.38
Forfeited(298)8.39 — 
Outstanding at December 31, 2025— — — 0.00
Options exercisable at December 31, 2025— $— $— 0.00
Schedule of Restricted Stock Unit Activity
A summary of restricted stock unit activity for the year ended December 31, 2025 is as follows:
Funko, Inc.
Restricted Stock Units
Weighted Average
Grant Date Fair Value
Remaining
Contractual
Life
(in thousands)(years)
Unvested at December 31, 20242,632 $9.10 2.76
Granted2,459 5.01 
Vested(978)7.05 
Forfeited(978)5.64 
Unvested at December 31, 20253,135 $6.80 2.67
Schedule of Performance Stock Unit Activity
A summary of performance stock unit activity for the year ended December 31, 2025 is as follows:
Funko, Inc.
Performance Stock Units
Weighted Average
Grant Date Fair Value
Remaining
Contractual
Life
(in thousands)(years)
Unvested at December 31, 202442 $12.89 1.00
Granted750 3.46 
Vested(3)17.09 
Forfeited(15)17.09 
Unvested at December 31, 2025774 $3.66 5.39
Schedule of Unvested Common Unit Activity
The following table presents information on stock option exercises (in thousands):
Year ended December 31,
202520242023
Cash received for exercise price$227 $1,410 $756 
Intrinsic value69 915 559 
Schedule of Option Pricing Model Inputs
For each of the options granted under the 2017 Plan and 2019 Plan, the following were the weighted-average of the option pricing model inputs:
Year ended December 31,
202520242023
Expected term (years)5.856.006.01
Expected volatility80.8 %80.2 %76.7 %
Risk-free interest rate4.1 %4.2 %4.1 %
Dividend yield— %— %— %