Pop culture collectibles maker Funko Q1 sales beat estimates, gross margin hits record

Funko

07/05/2026 21:13

Overview

U.S. pop culture collectibles firm's Q1 sales rose 5%, beating analyst expectations

Gross margin reached record high, driven by strong international and Core Collectibles sales

Company reiterated 2026 full-year outlook

Outlook

Funko sees 2026 full-year net sales flat to up 3% vs 2025

Company expects 2026 full-year gross margin of about 41% to 43%

Funko forecasts Q2 net sales of $195 mln to $205 mln, up 1% to 6% vs Q2 2025

Result Drivers

INTERNATIONAL GROWTH - Co said international sales were robust, particularly in Europe

CORE COLLECTIBLES - Core Collectibles sales rose 17% year-over-year, supporting overall revenue growth

CATEGORY MIX - Growth in Core Collectibles offset declines in Loungefly and Other categories

Company press release: ID:nBw8F7b9Da

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$200.92 mln
$188.61 mln (3 Analysts)
Q1 Adjusted Net Income
Beat
-$6.3 mln
-$18.30 mln (1 Analyst)
Q1 Net Income
-$18.13 mln
Q1 Adjusted EBITDA
$11.3 mln
Q1 Income from Operations
-$9.63 mln
Q1 Operating Expenses
$210.55 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the toys & children's products peer group is "buy"

Wall Street's median 12-month price target for Funko Inc is $5.00, about 14.2% above its May 6 closing price of $4.38

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)