Funko, Inc. (FNKO) · Nov 5, 2026 · Earnings

Funko earnings beat as Core Collectibles offsets Loungefly slump

Beat — Adj. EPS $0.13 vs ~$0.10 consensus; sales $258.3M vs ~$250.7M

Funko’s Q3 earnings beat revenue and adjusted EBITDA expectations, while Core Collectibles growth and debt reduction offset another Loungefly decline.

Funko is in a margin-and-cash turnaround: it is pushing growth through Core Collectibles and international markets while deliberately shrinking Loungefly’s SKU count to improve product productivity, and using better cash generation to reduce debt. That direction was already established after Q2, when management raised EBITDA guidance but kept sales guidance broadly flat to up 3%.

Q3 was a clean beat against the standing bar. Revenue reached $258.3 million, ahead of the roughly $250.7 million consensus and the company’s own expectation for approximately flat year-over-year sales. Adjusted EBITDA was $32.1 million, above the $25 million-$30 million internal range, while diluted EPS was $0.13 versus a published consensus of about $0.10. The filing also says gross margin came in at 45.2%, above the expected 43%-44% range. 〔0〕

	Q3 2026	Q3 2025	Consensus / guidance
Net sales (Q3’26 Net Sales Bridge)	$258.3M (+3.0%)	$250.9M	~$250.7M consensus
Diluted EPS (Executive Summary)	$0.13	$0.02	~$0.10 consensus
Gross margin (Q3’26 Results vs Guidance)	45.2%	40.2%	~43%-44% guidance
Adjusted EBITDA (Q3’26 Results vs Guidance)	$32.1M	$24.4M	$25M-$30M guidance
Adjusted EBITDA margin (Non-GAAP Reconciliation)	12.4%	9.7%

The quality of growth is improving, but not broad-based. Core Collectibles grew 4.8%, helped by Pop!, Mystery Mini and Advent Calendar timing, while Europe grew 12%. That more than offset a 9.8% Loungefly decline despite roughly 50% fewer SKUs. The latter supports management’s productivity thesis, but it also means Funko is still relying on its core franchise to carry a shrinking secondary brand.

Profitability and balance-sheet execution are the strongest part of the update. Gross margin improved five percentage points year over year, helped by lower tariffs, lower minimum guaranteed royalties and reserve adjustments. Inventory fell 8% year over year and total debt declined $29 million year to date, including $5 million in Q3. Those are meaningful operational improvements for a company still managing leverage, although the margin comparison is helped by favorable cost items rather than only underlying demand.

The full-year outlook is unchanged, so the beat advances execution more than it rewrites the story. Funko reiterated flat-to-up 3% sales growth and $100 million-$110 million of adjusted EBITDA, but that EBITDA range includes a $25.4 million tariff-related benefit recognized in Q2. The result therefore confirms the turnaround is tracking ahead of near-term expectations, while the underlying growth engine and Loungefly recovery remain works in progress.

Bottom line: Funko delivered a better-than-expected quarter with genuine margin, inventory and debt progress. It is a modest step forward for the turnaround, not a wholesale change in the story because sales guidance stayed put and Loungefly remains under pressure.

What to watch next

Q4 earnings report, early 2027

Original filing on SEC EDGAR

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AllSight · BlackBerry Q2 FY27

Revenue $163.3M vs ~$144M expected; adjusted basic EPS $0.07 vs ~$0.04 consensus — a real upside surprise.Income statement
QNX revenue +27% to $80.3M; segment EBITDA $29.0M from $20.5M. “Record performance… core automotive.”Segment — QNX
Licensing jumped to $22.1M from $6.6M — it amplified the beat, but it's less recurring than QNX, so the quality sits in QNX.Segment — Licensing
FY27 guide lifted to $616–636M rev / $141–158M EBITDA, above the prior $594–621M / $119–139M framework.Guidance
QNX growth, margins, cash and a raised outlook all beat. But licensing amplified it and Secure Comms is flat — net retention 91% from 93%.Segment — Secure Comms

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Events/ANDE/8-K · Earnings

8-K · Item 2.02 · Earnings

The Andersons — a record Renewables quarter that beat profit expectations

Filed Aug 3, 2026ANDE · NASDAQ

AllSight readBeatPriced in▲ 1.8% since filed · reaction agrees

adj. EPS $2.15 vs ~$1.48 consensus

This filing tests whether The Andersons' sharp profit increase reflects broad operating improvement or a one-off renewable-fuels boost. It also separates strong adjusted earnings and cash generation from the quarter's legal and impairment charges.

The quarter was substantially stronger than both last year and the published earnings expectation. Adjusted EPS reached $2.15, versus $0.24 a year earlier and above the published consensus of about $1.48; reported EPS was $1.65. Adjusted EBITDA more than doubled to $140 million, while sales slipped modestly — the improvement came from margins and operating performance rather than higher revenue. Financial Highlights · Statements of Operations

Q2 ($M, exc. per-share)	Q2 2026	Q2 2025	YoY
Sales & merchandising revenue	3,097.7	3,135.9	−1%
Net income (attributable)	56.6	7.9	+48.7
Diluted EPS	1.65	0.23	+1.42
Adjusted EPS	2.15	0.24	+1.91
Adjusted EBITDA	140.3	65.2	+75.1
Agribusiness adj. pretax	20.3	16.8	+3.5
Renewables adj. pretax	88.4	9.6	+78.8
Cash from operations	487.9	299.3	+188.6
Cash from ops (pre-WC)	112.9	42.9	+70.1

Renewables drove nearly all of the upside — the operating backdrop was strong, but the result also benefited materially from tax credits. Renewables' adjusted pretax income rose to $88 million on record production, stronger ethanol margins and merchandising gains. It also received $24 million of 45Z producer tax credits, so this was not solely a repeatable plant-margin improvement; the company did cite healthy export and domestic ethanol demand as supportive. Renewables — Record Q2 · Segment Data

Agribusiness improved, but it was a supporting contributor rather than the main earnings engine. Adjusted pretax income increased to $20 million as fertilizer margins improved and merchandising benefited from commodity-price volatility, despite lower fertilizer volumes. Agribusiness — Improved Q2 · Segment Data

Cash generation improved and funding capacity is comfortable, while reported earnings still absorbed meaningful non-core costs. Operating cash flow was $488 million ($113 million before working-capital changes); capital spending was $76 million. Adjusted EPS excludes $0.50 of legal-settlement, impairment and transaction items, so the $2.15 adjusted result runs ahead of the $1.65 reported. Leverage stays below the <2.5× debt-to-EBITDA target; no new quantified full-year outlook was given. Cash & Liquidity · Adjusted Net Income

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Funko earnings beat as Core Collectibles offsets Loungefly slump

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