Funko, the collectables giant behind the iconic Pop vinyl figurines, has found itself in dire straits amid a sharp decline in sales, with the company warning that it might not last another year.
As reported by Dexerto, Funko’s latest financial filing indicated net sales of US$250.9 million for the third quarter of 2025, which is down 14 per cent from the same period last year, with a recorded net loss of around US$1 million. Additionally, according to industry tracker ICv2, the company’s US sales plummeted by 20 per cent, accounting to most of its overall revenue drop.
In addition, the company reported that it has suffered a net loss of US68.1 million over the last nine months “due to the decrease in net sales outpacing the decrease in operating expenses”, which further adds to its already piling US$215 million debt.
Amid what Funko describes as a “difficult retail environment”, the company cited a drop in demand alongside rising tariffs and tighter retailer inventories that led to its current predicament. The company also admitted that its future is currently uncertain, adding that there is “substantial doubt about our ability to continue as a going concern for the next 12 months.”
To address this decline, Funko reports that it will focus on its other product lines, such as Bitty Pops, its Pop Yourself kioks, or its various blind-box collectable ranges, adding that it is also “exploring strategic alternatives” such as a potential sale of the company.
Despite this, CEO Josh Simon remains optimistic about Funko’s future, stating that its “already clear how powerful the Funko brand is and how much growth opportunity lies ahead”, although the numbers don’t lie, and things aren’t looking good for the company, so it remains to be seen how long it can last before its iconic vacant-eyed vinyls are pulled from shelves for good.
Kevin is a reformed PC Master Race gamer with a penchant for franchise “duds” like Darksiders III and Dead Space 3. He has made it his life-long mission to play every single major game release – lest his wallet dies trying.
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