Funko Pop maker admits it might not survive another year as sales crash

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Funko, the maker of popular collectibles, has cautioned investors that it might not be able to stay in business for another year. This warning comes after the company reported a significant drop in sales and officially raised concerns about its financial health.

Okay, so I was checking out the latest numbers for the company that makes those Funko Pops, and things aren’t looking great. They brought in about $250.9 million in sales last quarter, but that’s down 14% from last year. Even worse, they actually lost around a million bucks! They’re saying people just aren’t buying as much stuff right now, import taxes are hitting them hard, and stores are being careful about how much they order. Basically, it’s a tough time for retail, and it’s impacting them big time.

Funko, known for its popular vinyl collectibles, is facing difficulties after a period of rapid expansion. For years, Funko products were everywhere – in stores like Walmart, Target, and comic shops. However, the company made too many products, and as people lost interest, profits started to fall. Recent data from ICv2 shows that U.S. sales dropped by 20% compared to last year, which is the main reason for the company’s declining revenue.

“Substantial doubt” over Funko’s future

Funko recently filed a report with the Securities and Exchange Commission (SEC) stating that it has significant concerns about its ability to stay in business for the next year. The company admits that unless it receives new funding or is bought by another company, it might not be able to meet the terms of its loans and could default on its debts. Funko currently owes around $250 million and has already had to renegotiate its loan agreement twice this year to avoid breaking its loan terms.

Okay, so Funko’s hitting some rough patches. They’re saying they’re going to concentrate on smaller stuff like those tiny Bitty Pops, the mystery blind boxes we all love, and those Pop Yourself machines where you can make your own custom figure. But honestly, it sounds like they’re also seriously thinking about selling the whole company. It’s kinda crazy when you remember how huge they were not long ago – a billion-dollar brand! This year’s looking pretty uncertain for them, and as a collector, I’m definitely keeping an eye on things.

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2025-11-08 22:18