Everett-based Funko says its future is in 'substantial doubt' after latest earnings report

BY FRANK SUMRALL
MyNorthwest Lead Editor

Funko, an Everett-based company that manufactures licensed and limited-edition pop culture collectibles, sounded the alarm, stating that the future of the company is at stake over the next 12 months.

According to Funko’s latest quarterly earnings report, “there is substantial doubt about the company’s ability to continue as a going concern for the next twelve months” without extra funding or an acquisition.

Funko suffered a loss of $1 million in the third quarter of 2025, as company sales have tanked by 20% year-over-year. Funko previously reported a $41 million loss in the second quarter of 2025. The third-quarter losses may seem like a positive compared to the first two quarters of this year, but in the third quarter of 2024, Funko earned $8.9 million in profit.

According to its latest earnings report, Funko has nearly $250 million in debt. Funko already renegotiated terms on several outstanding loans, but even the revised arrangements may not be enough to steady the ship, according to Dexerto.

https://mynorthwest.com/local/everett-funko-substantial-doubt/4155205