v3.25.4
Schedule I: Condensed Financial Information of Registrant (Tables)
 12 Months Ended
Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract]  
Schedule of Condensed Financial Statements
 Year Ended December 31,
202520242023
(in thousands)
Intercompany revenue$— $148 $226 
Selling, general, and administrative expenses11,737 13,803 10,812 
Total operating expenses11,737 13,803 10,812 
Loss from operations(11,737)(13,655)(10,586)
Interest expense, net103 (387)(321)
Tax receivable agreement liability adjustment427 (547)100,223 
Equity in net loss of subsidiaries(56,153)(186)(114,697)
Loss before income taxes(67,360)(14,775)(25,381)
Income tax (benefit) expense— (57)128,698 
Net loss$(67,360)$(14,718)$(154,079)
Year Ended December 31,
202520242023
(in thousands)
Net loss$(67,360)$(14,718)$(154,079)
Other comprehensive income (loss):
Foreign currency translation (loss) gain, net of tax effect of $0, $0 and $(770) for the years ended December 31, 2025, 2024 and 2023, respectively
6,297 (1,496)2,423 
Comprehensive loss attributable to
Funko, Inc.		$(61,063)$(16,214)$(151,656)
December 31,
20252024
(in thousands, except per share data)
Assets
Current assets:
Cash and cash equivalents$3,486 $1,258 
Income tax receivable202 202 
Total current assets3,688 1,460 
Intercompany receivable110,887 113,009 
Investment in subsidiaries71,359 119,097 
Total assets$185,934 $233,566 
Liabilities and Stockholders' Equity
Current liabilities:
Current portion of liabilities under tax receivable agreement$120 $547 
Total current liabilities120 547 
Commitments and contingencies
Stockholders' equity:
Class A common stock, par value $0.0001 per share, 200,000 shares authorized; 55,327 shares and 52,967 shares issued and outstanding as of December 31, 2025 and 2024, respectively
5 5 
Class B common stock, par value $0.0001 per share, 50,000 shares authorized; 91 shares and 1,430 shares issued and outstanding as of December 31, 2025 and 2024, respectively
— — 
Additional paid-in-capital357,330 343,472 
Accumulated other comprehensive income (loss)4,621 (1,676)
Accumulated deficit(176,142)(108,782)
Total stockholders' equity185,814 233,019 
Total liabilities and stockholders' equity$185,934 $233,566 
Year Ended December 31,
202520242023
(in thousands)
Operating Activities
Net loss$(67,360)$(14,718)$(154,079)
Adjustments to reconcile net loss to net cash provided by (used in)
operating activities:
Equity in net loss of subsidiaries56,153 186 114,697 
Equity-based compensation11,536 13,602 10,534 
Deferred tax (benefit) expense— (57)123,124 
Tax receivable liability adjustment(427)547 (100,223)
Changes in operating assets and liabilities, net of amounts acquired:
Income tax receivable— 110 7,219 
Due from related parties, net2,121 5,778 436 
Accrued expenses and other liabilities— (374)370 
Net cash provided by operating activities2,023 5,074 2,078 
Investing Activities
Net cash used in investing activities— — — 
Financing Activities
Tax receivable agreement payments— (8,960)(4)
Proceeds from exercise of equity-based options227 1,410 749 
Other(22)— — 
Net cash provided by (used in) financing activities205 (7,550)745 
Net change in cash and cash equivalents2,228 (2,476)2,823 
Cash and cash equivalents at beginning of period1,258 3,734 911 
Cash and cash equivalents at end of period$3,486 $1,258 $3,734 
Supplemental Cash Flow Information
Establishment of liabilities under tax receivable agreement— 547 —