Funko has warned investors that it may not survive another year after reporting a sharp decline in sales and issuing a formal notice about its financial stability.
The collectibles giant behind the Pop Vinyl brand posted net sales of $250.9 million for the third quarter of 2025, down 14% from the same period last year, and recorded a net loss of roughly $1 million, according to its latest financial filing.
The company cited falling demand, higher tariffs, and tighter retailer inventories as major challenges in what it described as a “difficult retail environment.“
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