Funko, Inc.
For the period ended Dec 31, 2025. Filed Mar 12, 2026.
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FY2025 · Filed Mar 12, 2026
FNKO$7.24+1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| (in thousands) | |||
| Operating Activities | |||
| Net loss | $(68,295) | $(15,070) | $(164,438) |
| Adjustments to reconcile net income to net cash (used in) provided byoperating activities: | |||
| Depreciation and amortization | 59,097 | 62,583 | 57,389 |
| Equity-based compensation | 11,536 | 13,602 | 10,534 |
| Loss on debt extinguishment | — | — | 494 |
| Gain on tax receivable agreement liability adjustment | — | — | (100,223) |
| Deferred tax (benefit) expense | — | (57) | 123,124 |
| Other, net | (1,877) | 3,722 | 5,364 |
| Changes in operating assets and liabilities, net of amounts acquired: | |||
| Accounts receivable, net | 6,192 | 9,624 | 40,513 |
| Inventories | 11,812 | 26,216 | 122,479 |
| Prepaid expenses and other assets | (3,437) | 17,076 | (1,969) |
| Accounts payable | 426 | 9,280 | (17,968) |
| Income taxes payable | (274) | (597) | 75 |
| Accrued royalties | (1,542) | 6,987 | (14,723) |
| Accrued expenses and other liabilities | (18,758) | (9,842) | (29,716) |
| Net cash (used in) provided by operating activities | (5,120) | 123,524 | 30,935 |
| Investing Activities | |||
| Purchase of property and equipment | (32,965) | (32,791) | (35,131) |
| Acquisitions of business and intangible assets, net of cash acquired | — | — | (5,364) |
| Sale of Funko Games inventory and certain intellectual property | — | 6,754 | — |
| Other, net | 1,063 | 809 | 699 |
| Net cash used in investing activities | (31,902) | (25,228) | (39,796) |
| Financing Activities | |||
| Borrowings on revolving credit facility | 85,000 | 40,000 | 71,000 |
| Payments on revolving credit facility | (20,000) | (100,500) | (20,500) |
| Payment of term debt | (23,134) | (31,104) | (22,581) |
| Distributions to continuing equity owners | — | — | (1,118) |
| Payments under tax receivable agreement | — | (8,960) | (4) |
| Other, net | 171 | 1,322 | (1,201) |
| Net cash provided by (used in) financing activities | 42,037 | (99,242) | 25,596 |
| Effect of exchange rates on cash and cash equivalents | 2,478 | (852) | 518 |
| Net change in cash and cash equivalents | 7,493 | (1,798) | 17,253 |
| Cash and cash equivalents at beginning of period | 34,655 | 36,453 | 19,200 |
| Cash and cash equivalents at end of period | $42,148 | $34,655 | $36,453 |
| Supplemental Cash Flow Information | |||
| Cash paid for interest | $18,343 | $20,953 | $24,635 |
| Income tax payments | 5,355 | 3,899 | 1,059 |
| Establishment of liabilities under tax receivable agreement | — | 547 | — |
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