Funko, Inc.

Funko, Inc. (NASDAQ: FNKO) is a leading pop culture consumer products company headquartered in the United States with operations across North America, Europe, and Asia. The company operates through the design, manufacture, and marketing of licensed pop culture products that enable fans to express their affinity for movies, television shows, video games, music, sports, and other entertainment properties. Funko's website is www.funko.com.

The company maintains a diverse portfolio of proprietary brands, with Core Collectible products including the iconic Pop! Vinyl figures representing 80 percent of sales, Loungefly softlines including bags and apparel representing 17 percent of sales, and other emerging brands such as Mondo representing the remainder. Funko's product offerings span figures, fashion accessories, apparel, plush products, homewares, vinyl records, and limited-edition posters, generally priced under fifteen dollars to maintain accessibility for consumers.

Funko operates with approximately 1,104 full-time employees distributed across 870 positions in North America, 211 in Europe, and 23 in Asia. The company maintains three flagship retail stores and operates e-commerce platforms in the United States, Mexico, and Europe. Funko sells through a diversified distribution network including specialty retailers, mass-market retailers, and e-commerce partners, with key retail relationships including Amazon, Hot Topic, Walmart, Target, and GameStop in North America, and Amazon, Smyths Toys, and Carrefour internationally.

The company holds licensing agreements with over 250 content providers covering approximately 800 active licensed properties. Approximately 69 percent of sales derive from evergreen properties not tied to current releases, while 31 percent relate to new content releases. No single property accounts for more than five percent of sales, with the top five properties representing 19 percent of total sales. International sales accounted for approximately 40 percent of net sales, with direct-to-consumer channels representing 24 percent of sales.

Funko's competitive advantages include its extensive creative design capabilities, rapid speed to market from concept to production, strong licensor relationships, and deep engagement with its fan base through social media and live events. The company manufactures products through third-party manufacturers primarily located in Vietnam and China, maintaining a flexible, low-fixed-cost production model.