Funko Inc-A 2026年季度报告

For the quarterly period ended March31, 2026OR 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 May5, 2026, the registrant had 55,839,584 shares of ClassA common stock, $0.0001 par value per share, and 91,276 shares of ClassB commonstock, $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, 2026 and 20253Condensed Consolidated Statements of Comprehensive Loss (unaudited) for the ThreeMonths Ended March 31, 2026 and 20254Condensed Consolidated Balance Sheets (unaudited) as of March 31, 2026 and December31, 20255Condensed Consolidated Statements of Cash Flows (unaudited) for the Three MonthsEnded March 31, 2026 and 20256Condensed Consolidated Statements of Stockholders’ Equity (unaudited) for the ThreeMonths Ended March 31, 2026 and 20257Notes to Unaudited Condensed Consolidated Financial Statements8Item2.Management’s Discussion and Analysis of Financial Condition and Results of Operations21Item3.Quantitative and Qualitative Disclosures About Market Risk33Item4.Controls and Procedures33Part IIOTHER INFORMATIONItem1.Legal Proceedings35Item1A.Risk Factors35Item2.Unregistered Sales of Equity Securities and Use of Proceeds73Item5.Other Information73Item6.Exhibits74SIGNATURES76 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 securities laws. All statements contained in this Quarterly Report on Form 10-Qother than statements of historical fact, including statements regarding our future operating results and financial position,the expected impact of general economic and market conditions, including the imposition of tariffs and the uncertainty overU.S. trade and tariff policies, on our business, results of operations and financial condition, capital resources and ourability to generate cash to fund our operations, anticipated benefits from sales under our registration statement on Form S-3 and Sales Agreement, as defined herein, compliance with financial and negative covenants and related impacts to ourbusiness, our business strategy and plans, including plans to improve our liquidity and financial condition, plans forexpansion in our international markets, plans for product line expansions, our review of strategic alternatives, potentialacquisitions, market growth and trends, demand for our products, inventory expectations, anticipated future expenses andpayments, future refinancing efforts, efforts to remediate our material weaknesses in internal control over financialreporting and our objectives for future 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 are intended to identify forward-looking statements. We have based these forward-lookingstatements largely on our current expectations and projections about future events and trends that we believe may affectour financial condition, results of operations, business strategy, short-term and long-term business operations andobjectives, and financial needs. These forward-looking statements are subject to a number of risks, uncertainties, andassumptions, including the important factors