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Schedule I: Condensed Financial Information of Registrant (Tables) | 12 Months Ended
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Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract] |
Schedule of Condensed Financial Statements |
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
| (in thousands)
Intercompany revenue | $ | 148 |  |  | $ | 226 |  |  | $ | 564 |
Selling, general, and administrative expenses | 13,803 |  |  | 10,812 |  |  | 16,941 |
Total operating expenses | 13,803 |  |  | 10,812 |  |  | 16,941 |
Loss from operations | (13,655) |  |  | (10,586) |  |  | (16,377) |
Interest expense, net | (387) |  |  | (321) |  |  | (168) |
Tax receivable agreement liability adjustment | (547) |  |  | 100,223 |  |  | (3,987) |
Equity in net income (loss) of subsidiaries | (186) |  |  | (114,697) |  |  | (8,040) |
Loss before income taxes | (14,775) |  |  | (25,381) |  |  | (28,572) |
Income tax (benefit) expense | (57) |  |  | 128,698 |  |  | (20,537) |
Net loss | $ | (14,718) |  |  | $ | (154,079) |  |  | $ | (8,035) |
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
| (in thousands)
Net loss | $ | (14,718) |  |  | $ | (154,079) |  |  | $ | (8,035) |
Other comprehensive (loss) income: |  |  |  |  |
Foreign currency translation (loss) gain, net of tax effect of $0, $(770) and $1,169 for the years ended December 31, 2024, 2023 and 2022, respectively | (1,496) |  |  | 2,423 |  |  | (3,681) |
Comprehensive loss attributable to Funko, Inc. | $ | (16,214) |  |  | $ | (151,656) |  |  | $ | (11,716) |
| December 31,
| 2024 |  | 2023
| (in thousands, except per share data)
Assets |  |  |
Current assets: |  |  |
Cash and cash equivalents | $ | 1,258 |  |  | $ | 3,734 |
Income tax receivable | 202 |  |  | 311 |
Total current assets | 1,460 |  |  | 4,045 |
Intercompany receivable | 113,009 |  |  | 118,783 |
Investment in subsidiaries | 119,097 |  |  | 118,443 |
Total assets | $ | 233,566 |  |  | $ | 241,271 |
Liabilities and Stockholders' Equity |  |  |
Current liabilities: |  |  |
Current portion of liabilities under tax receivable agreement | $ | 547 |  |  | $ | 8,960 |
Accrued expenses and other current liabilities | — |  |  | 370 |
Total current liabilities | 547 |  |  | 9,330 |
Commitments and contingencies |  |  |
Stockholders' equity: |  |  |
Class A common stock, par value $0.0001 per share, 200,000 shares authorized; 52,967 shares and 50,549 shares issued and outstanding as of December 31, 2024 and 2023, respectively | 5 |  |  | 5 |
Class B common stock, par value $0.0001 per share, 50,000 shares authorized; 1,430 shares and 2,277 shares issued and outstanding as of December 31, 2024 and 2023, respectively | — |  |  | — |
Additional paid-in-capital | 343,472 |  |  | 326,180 |
Accumulated other comprehensive loss | (1,676) |  |  | (180) |
Accumulated deficit | (108,782) |  |  | (94,064) |
Total stockholders' equity | 233,019 |  |  | 231,941 |
Total liabilities and stockholders' equity | $ | 233,566 |  |  | $ | 241,271 |
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
| (in thousands)
Operating Activities |  |  |  |  |
Net loss | $ | (14,718) |  |  | $ | (154,079) |  |  | $ | (8,035) |
Adjustments to reconcile net loss to net cash provided by (used in) operating activities: |  |  |  |  |
Equity in net loss (income) of subsidiaries | 186 |  |  | 114,697 |  |  | 8,040 |
Equity-based compensation | 13,602 |  |  | 10,534 |  |  | 16,591 |
Deferred tax expense (benefit) | (57) |  |  | 123,124 |  |  | (17,173) |
Tax receivable liability adjustment | 547 |  |  | (100,223) |  |  | 3,987 |
Changes in operating assets and liabilities, net of amounts acquired: |  |  |  |  |
Income tax receivable | 110 |  |  | 7,219 |  |  | (7,530) |
Due from related parties, net | 5,778 |  |  | 436 |  |  | (984) |
Prepaid expenses and other assets | — |  |  | — |  |  | (11,019) |
Income taxes payable | — |  |  | — |  |  | (14,684) |
Accrued expenses and other liabilities | (374) |  |  | 370 |  |  | 11,190 |
Net cash provided by (used in) operating activities | 5,074 |  |  | 2,078 |  |  | (19,617) |
Investing Activities |  |  |  |  |
Capital contribution to FAH, LLC | — |  |  | — |  |  | (73,980) |
Net cash used in investing activities | — |  |  | — |  |  | (73,980) |
Financing Activities |  |  |  |  |
Tax distribution received from FAH, LLC | — |  |  | — |  |  | 38,811 |
Tax receivable agreement payments | (8,960) |  |  | (4) |  |  | (7,718) |
Proceeds from exercise of equity-based options | 1,410 |  |  | 749 |  |  | 1,472 |
Net cash (used in) provided by financing activities | (7,550) |  |  | 745 |  |  | 32,565 |
Net change in cash and cash equivalents | (2,476) |  |  | 2,823 |  |  | (61,032) |
Cash and cash equivalents at beginning of period | 3,734 |  |  | 911 |  |  | 61,943 |
Cash and cash equivalents at end of period | $ | 1,258 |  |  | $ | 3,734 |  |  | $ | 911 |
Supplemental Cash Flow Information |  |  |  |  |
Income tax payments | $ | — |  |  | $ | — |  |  | $ | 18,999 |
Establishment of liabilities under tax receivable agreement | 547 |  |  | — |  |  | 30,034 |
Issuance of equity instruments for acquisitions | — |  |  | — |  |  | 1,487 |

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- Definition Tabular disclosure of condensed financial statements, including, but not limited to, the balance sheet, income statement, and statement of cash flows. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph a -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 + Details
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