Funko, Inc. (FNKO) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy
Forensic Analysis · General / Diversified · as of Aug 10, 2026
Funko, Inc. (FNKO)
A forensic read on Funko, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Distress
Financial health
-0.1
Distress distance
Clean
Earnings quality
6
Forensic signals
-159.3
P / E (ttm)
-36.3%
ROE
$329M
Market cap
0.00%
Dividend yield
-13.5%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Funko, Inc. earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads -0.1, placing it in the Distress zone. 6 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-8.5%
FY2025
Return on invested capital.Return on invested capital is -8.5% in the latest fiscal year and slipping from -1% — well below its ~9% cost of capital, so reinvested dollars may be destroying value, not building it.
+6.9%/yr
FY2022–FY2025
Share-count dilution.Diluted share count changed +22% over the last 3 years to FY2025 (+6.9%/yr). The count is growing: more stock was issued than repurchased over this window, so aggregate results grew faster than their per-share equivalents. That's ~6.9% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2022 has been diluted ~18%.
stopped
FY2023→FY2025
Shareholder returns — halted.Capital returns have STOPPED — $1M of buybacks + dividends in FY2023, but ~$0 in FY2025. A halt usually means the company is conserving cash.
suspended
FY2023→FY2025
Dividend — suspended.The dividend has been SUSPENDED — $1M paid in FY2023, then $0 in FY2025. A suspension is a major signal the board is conserving cash; the prior payment history doesn't offset it.
48d DSO
FY2024→FY2025
Receivables vs revenue.Days sales outstanding moved from 44 to 48 days FY2024→FY2025 (receivables -2% vs revenue -13%). Receivables are creeping up relative to sales. Across FY2021–FY2025 the day count ran 57 → 49 → 50 → 44 → 48 days, so the latest reading sits on top of a record that was flat or falling before it — one year's move, not a direction the business has been travelling in.
Key fundamentals
Latest Revenue$908.2M
Revenue Growth YoY-13.5%
Net Margin-7.4%
Free Cash Flow-$38.1M
Return on Equity-36.3%
Debt / Equity1.21x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Funko, Inc.'s actual 10-K/10-Q/8-K filings?
Data from SEC EDGAR public filings · metrics as of Aug 10, 2026. Forensic signals flag probability, not certainty.
1.3% of rev
FY2025
Stock-based comp load.Stock-based compensation ran 1.3% of revenue in FY2025 — about $0.21 per diluted share. The cost of it is not in the cash flow — no cash left the business — it is in the count, and there it has run at about 6.9% a year and is falling.