FNKO
Funko, Inc.
FNKO's fundamentals are strong, but it looks expensive: trading at 99x earnings, about five times its usual 19x. Analysts expect earnings to recover and profitability to improve.
FNKO Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Healthy |
FNKO's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
FNKO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 12x | $0.84 | -88% |
| Fair | 18x | $1.29 | -81% |
| Forward | 25x | $6.90 | — |
| Expensive | 39x | $2.71 | -61% |
| Current | 99x | $6.90 | — |
Historical ranges are pointers, not guarantees.
FNKO's PE is in its expensive range at 99x. If earnings grow as analysts expect, today's price would be 25x next year's earnings.
FNKO Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Returning to profit | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect FNKO to return to profit, with revenue growing.
FNKO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.27 | +288% |
| Q3 2026 | $0.07 | +$1.32 |
| Q2 2026 | -$0.04 | +$1.15 |
| Q1 2026 | -$1.05 | -$0.70 |
| Q4 2025 | -$1.24 | -$0.96 |
| Q3 2025 | -$1.25 | -$0.81 |
| Q2 2025 | -$1.19 | -$0.36 |
| Q1 2025 | -$0.35 | +$2.12 |
| Q4 2024 | -$0.28 | +$2.91 |
FNKO has returned to profit: it earned $0.07 per share over the past year, after losing money the year before.
FNKO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $258.3M | +3% |
| Q2 2026 | $207.7M | +7.4% |
| Q1 2026 | $200.9M | +5.3% |
| Q4 2025 | $273.1M | -7% |
| Q3 2025 | $250.9M | -14% |
| Q2 2025 | $193.5M | -22% |
| Q1 2025 | $190.7M | -12% |
| Q4 2024 | $293.7M | +0.9% |
FNKO's revenue fell from its 2022 peak and has held roughly level since: $258M last quarter, up 3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 5.8% | +3.2 points |
| Q2 2026 | 11% | +29 points |
| Q1 2026 | -4.8% | +7.4 points |
| Q4 2025 | 2.2% | +0.3 points |
| Q3 2025 | 2.6% | -1.4 points |
| Q2 2025 | -18% | -22 points |
| Q1 2025 | -12% | -5.3 points |
| Q4 2024 | 1.9% | +3 points |
FNKO's operating margin was 5.8% last quarter, up 3.2 points from the same quarter a year ago.
FNKO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $24.7M | +631% |
| Q2 2026 | $2.7M | +$34.6M |
| Q1 2026 | $1.9M | +$30.8M |
| Q4 2025 | $19.2M | -60% |
| Q3 2025 | $3.4M | +$7.6M |
| Q2 2025 | -$31.8M | -187% |
| Q1 2025 | -$28.8M | -378% |
| Q4 2024 | $47.8M | +62% |
FNKO's free cash flow has turned positive again: $49M over the past year, against −$9M the year before.
FNKO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.1% | +649K shares |
| 1 year | +6.2% | +3.4M shares |
| 3 years | +20% | +9.9M shares |
| 5 years | +39% | +16.3M shares |
| Available history | +76% | +25.2M shares |
FNKO has 58M diluted shares, up 6.2% from a year ago.
FNKO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.6x | Healthy |
| Q2 2026 | 1.9x | Healthy |
| Q1 2026 | 6.8x | High |
| Q4 2025 | 13.5x | High |
| Q3 2025 | 4.6x | High |
| Q2 2025 | 3.0x | Elevated |
| Q1 2025 | 1.4x | Healthy |
| Q4 2024 | 1.2x | Healthy |
FNKO's net debt is about 1.6 years of its operating earnings (EBITDA), down from 4.6 years a year ago.
FNKO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.1 | Neutral |
| Stochastic | 67.3 | Neutral |
FNKO's weekly RSI is 62 (neutral) and its Stochastic is 67 (neutral).
FNKO PE vs Consumer Cyclical Sector
| Metric | FNKO | Sector median | Relative |
|---|---|---|---|
| PE | 99x | 18x | 447% above |
| PE % | 94 | 47 | 47 pts above |
FNKO is trading at 99x earnings, a 447% premium to the Consumer Cyclical sector's median of 18x.
FNKO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $6.41 | 7.6% above |
| 20 week MA | $6.10 | 13% above |
| 50 week MA | $4.99 | 38% above |
| 100 week MA | $5.61 | 23% above |
| 200 week MA | $7.30 | 5.5% below |
FNKO has bounced recently, but its long-term trend is still down: it's above its 8-, 20-, 50- and 100-week averages, but 5.5% below its 200-week average.
FNKO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $16.9 | $10.7 | -37% |
| 2021 | $10.7 | $18.7 | +75% |
| 2022 | $18.7 | $9.89 | -47% |
| 2023 | $9.89 | $7.73 | -22% |
| 2024 | $7.73 | $13.2 | +71% |
| 2025 | $13.2 | $3.52 | -73% |
| 2026 YTD | $3.52 | $6.90 | +96% |
FNKO is up 96% so far in 2026, after finishing lower in four of the previous six years.