It’s been a staple of genre collecting, with a huge footprint in the realms of the Star Wars galaxy, for 15 years but Funko have announced that the company has suffered huge losses, and unless things turn around the company might not last another year, which would be an enormous shock considering the huge impact Funko Pops! have made on the collecting landscape since they exploded all those years ago.
In Q2, Funko lost a massive $41 million. In their new Q3 figures, losses were just under $1 million. This may have been a massive improvement over the previous three months, but is still devastating compared to the $8.9 million profit in the same quarter in 2024. This loss comes as a result of a year-on-year decline in profits ($250.9 million vs $292.8 million), almost all of which came from the U.S. markets.
Previously, it was reported that the company had renegotiated terms on several outstanding loans following the devastating losses earlier in the year, but now it looks like even those terms may not be met. According to an SEC filing by the company, “”[T]here is substantial doubt about our ability to continue as a going concern for the next twelve months.”
