Funko Inc-A 2025年季度报告

For the quarterly period endedMarch31, 2025OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period from _____________to _____________Commission file number:001-38274 Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filingrequirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit suchfiles).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any newor revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ As of May6, 2025, the registrant had54,287,354shares of ClassA common stock, $0.0001 par value per share, and647,833shares of ClassBcommon stock, $0.0001 par value per share, outstanding. INDEX Part I FINANCIAL INFORMATIONItem1.Financial Statements3Condensed Consolidated Statements of Operations (unaudited) for the Three Months EndedMarch 31, 2025 and 20243Condensed Consolidated Statements of Comprehensive Loss (unaudited) for the ThreeMonths Ended March 31, 2025 and 20244Condensed Consolidated Balance Sheets (unaudited) as of March 31, 2025 and December31, 20245Condensed Consolidated Statements of Cash Flows (unaudited) for the Three MonthsEnded March 31, 2025 and 20246Condensed Consolidated Statements of Stockholders’ Equity (unaudited) for the ThreeMonths Ended March 31, 2025 and 20247Notes to Unaudited Condensed Consolidated Financial Statements8Item2.Management’s Discussion and Analysis of Financial Condition and Results of Operations22Item3.Quantitative and Qualitative Disclosures About Market Risk35Item4.Controls and Procedures36Part IIOTHER INFORMATIONItem1.Legal Proceedings37Item1A.Risk Factors38Item2.Unregistered Sales of Equity Securities and Use of Proceeds85Item5.Other Information85Item6.Exhibits86SIGNATURES87 SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of the Private SecuritiesLitigation Reform Act of 1995 and other federal securities laws. All statements contained in this Quarterly Report on Form10-Q other than statements of historical fact, including statements regarding our future operating results and financialposition, the expected impact of general economic and market conditions, including the imposition of tariffs and theuncertainty over U.S. trade and tariff policies, on our business, results of operations and financial condition, capitalresources and our ability to generate cash to fund our operations, compliance with financial and negative covenants andrelated impacts to our business, our business strategy and plans, our ability to continue as a going concern, potentialacquisitions, market growth and trends, demand for our products, inventory expectations, anticipated future expenses andpayments, efforts to remediate our material weaknesses in internal control over financial reporting and our objectives forfuture operations, are forward-looking statements. The words “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,”“intend,” “expect,” “could,” “would,” “project,” “plan,” “potentially,” “preliminary,” “likely,” and similar expressions areintended to identify forward-looking statements. We have based these forward-looking statements largely on our currentexpectations and projections about future events and trends that we believe may affect our financial condition, results ofoperations, business strategy, short-term and long-term business operations and objectives, and financial needs. Theseforward-looking statements are subject to a number of risks, uncertainties, and assumptions, including the importantfactors described in this Quarterly Report on Form 10-Q under Part II. Item 1A. “Risk Factors,” and in our other filings withthe Securities and Exchange Commission (“SEC”), that may cause our actual results, performance or achievements todiffer materially and adversely from those expressed or