Funko Q1 2026 net sales rise 5% to $200.9 million; net loss narrows to $18.1 million
Funko reported first-quarter 2026 net sales of $200.9 million, up 5.3% from a year earlier, with gross margin rising to 44.2% and the net loss narrowing to $18.1 million, or $0.33 per share. The company reiterated its full-year 2026 outlook and gave second-quarter guidance of $5 million to $10 million in adjusted EBITDA, which matters to shareholders because it shows the top line and profitability both improved while the company kept its full-year targets.
Key points
- Net sales were $200.9 million versus $190.7 million; Core Collectible sales rose 16.8%, while Loungefly sales fell 23.1%.
- Gross margin was 44.2% versus 40.3%, which the company said is its highest reported gross margin.
- Net loss was $18.1 million, or $0.33 per share, versus $28.1 million, or $0.52 per share; adjusted EBITDA was $11.3 million versus negative $4.7 million.
- Full-year 2026 outlook reiterated: net sales flat to up 3% and adjusted EBITDA $70 million to $80 million. Second-quarter guidance: net sales $195 million to $205 million and adjusted EBITDA $5 million to $10 million.
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 07, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.