FNKOFunko, Inc.
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (A) and big price swings.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -92% · now 9% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can FNKO take a bad year?
Funko, Inc. carries $162M of net debt at 1.91× EBITDA: a load its earnings can carry.
Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 1.91×
Net debt / EBITDA · 10.1× a year ago · the load is coming down
- Debt / equity
- 1.08×
Debt / equity
- Annualised volatility
- 81%
Annualised volatility · three times the market's own swing
Details›
- Total debtQ2 2026
- $203M
- Cash and short-term investments
- $41M
- Net debt
- $162M
- EBITDA, trailing twelve months
- $85M
- Operating profit, trailing twelve months
- $25M
- Debt / equity
- 1.08×
- Total debt / EBITDA
- 2.39×
- Annualised volatilitytwo years of daily moves
- 81%
- Worst drawdown on file
- −92%
- Below its 52-week high
- 8.6%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.