Funko Pop Faces Bankruptcy Risk Amid Financial Struggles

Funko, the company known for its Funko Pop! figures, is facing serious financial difficulties and is nearing bankruptcy. With debts exceeding $210 million, the company is at risk of closing down by 2027, according to recent financial reports.

The company reported a net loss of $68.1 million for the last nine months. Declining sales and tariffs imposed by Donald Trump have exacerbated the situation.

New CEO Josh Simon has proposed several strategies for the company's 'revival,' including securing additional funding and focusing on smaller product lines. The sale of the company is also being considered.

Funko admits that there is 'substantial doubt' about its ability to continue operating, as its cash flow may not be sufficient to cover its needs in the next 12 months.