Funko, an Everett-based company that manufactures licensed and limited-edition pop culture collectibles, sounded the alarm, stating that the future of the company is at stake over the next 12 months.

According to Funko’s latest quarterly earnings report , “there is substantial doubt about the company’s ability to continue as a going concern for the next twelve months” without extra funding or an acquisition.

Funko suffered a loss of $1 million in the third quarter of 2025, as company sales have tanked by 20% year-over-year. Funko previously reported a $41 million loss in the second quarter of 2025. The third-quarter losses may seem like a positive compared to the first two quarters of this year, but in the third quarter of 2024, Funko earned $8.9 million in profit.

According to its l

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