Funko, known for its widely collected Pop Vinyl figures, has cautioned investors that it might not be able to stay in business for another year because sales have fallen sharply.
In the third quarter of 2025, the company’s net sales totaled $250.9 million, a 14% decrease from the same time last year. The company reported a net loss of approximately $1 million in its latest financial report.
As a big Funko collector, I’ve been worried about what’s been happening with the company. They’ve explained that things have been tough lately because fewer people are buying, import taxes have gone up, and stores aren’t ordering as much. It’s really concerning to hear that sales in the US dropped by 20% – that seems like a huge hit and explains why they’re facing these revenue problems. I’m hoping they can turn things around!
The company is facing difficulties after a period of fast expansion. Funko gained widespread recognition for its Pop Vinyl figures, collectible toys based on popular characters from films, television, comics, and video games.
Funko collectibles quickly became incredibly popular with fans and were sold in major stores like Walmart, Target, and comic shops. The company reached a peak where it was worth over a billion dollars, with its toys appearing everywhere. More recently, though, the company made too many products and interest from buyers decreased, causing profits to fall.
Funko has publicly stated it has significant concerns about its ability to stay in business for the next year. In a recent filing with the Securities and Exchange Commission, the company admitted it might not be able to pay its debts unless it receives more funding or is bought by another company. Funko currently owes around $250 million and has already had to renegotiate its loan agreements twice this year to avoid breaking the terms.
To adjust to changing market conditions, Funko is streamlining its product offerings, concentrating on smaller, popular items like Bitty Pops, surprise collectibles, and personalized Pop Yourself kiosks. The company is also considering significant options, potentially including being sold or undergoing financial changes.
Funko, once a leading name in collectible merchandise, is now facing a particularly challenging year.
Funko’s story—from rapid success to recent difficulties—highlights how fast trends can shift in the collectibles market. While the company became incredibly popular with its Pop Vinyl figures, making too many and changes in what people want have created major problems. It remains to be seen if Funko can adapt and get back on track.
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2025-11-09 10:44