Funko (FNKO) 10-K 1 Mar 23 2022 FY Annual report Financial data

Cover

Cover - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Feb. 27, 2023	Jun. 30, 2022
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-38274
Entity Registrant Name	FUNKO, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	35-2593276
Entity Address, Address Line One	2802 Wetmore Avenue
Entity Address, City or Town	Everett,
Entity Address, State or Province	WA
Entity Address, Postal Zip Code	98201
City Area Code	425
Local Phone Number	783-3616
Title of 12(b) Security	Class A Common Stock, $0.0001 Par value
Trading Symbol	FNKO
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 755.9
Documents Incorporated by Reference	Portions of the registrant’s definitive Proxy Statement relating to its 2023 Annual Meeting of Stockholders to be filed with the SEC within 120 days after the end of the fiscal year ended December 31, 2022 are incorporated herein by reference in Part III of this Annual Report on Form 10-K.
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Entity Central Index Key	0001704711
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		47,226,835
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		3,293,140

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2022
Auditor Information [Abstract]
Auditor Firm ID	42
Auditor Name	Ernst & Young LLP
Auditor Location	Seattle, Washington

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Net sales	$ 1,322,706	$ 1,029,293	$ 652,537
Cost of sales (exclusive of depreciation and amortization shown separately below)	888,685	648,302	403,392
Selling, general, and administrative expenses	398,272	244,331	181,234
Depreciation and amortization	47,669	41,195	44,368
Total operating expenses	1,334,626	933,828	628,994
(Loss) income from operations	(11,920)	95,465	23,543
Interest expense, net	10,334	7,167	10,712
Loss on extinguishment of debt	0	675	0
Other expense, net	787	2,708	1,043
(Loss) income before income taxes	(23,041)	84,915	11,788
Income tax (benefit) expense	(17,801)	17,061	2,025
Net (loss) income	(5,240)	67,854	9,763
Less: net income attributable to non-controlling interests	2,795	23,954	5,802
Net (loss) income attributable to Funko, Inc.	$ (8,035)	$ 43,900	$ 3,961
(Loss) earnings per share of Class A common stock:
Basic (in dollars per share)	$ (0.18)	$ 1.14	$ 0.11
Diluted (in dollars per share)	$ (0.18)	$ 1.08	$ 0.11
Weighted average shares of Class A common stock outstanding:
Basic (in shares)	44,554,788	38,392,390	35,270,795
Diluted (in shares)	44,554,788	40,610,618	35,770,013

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (5,240)	$ 67,854	$ 9,763
Other comprehensive (loss) income:
Foreign currency translation (loss) gain, net of tax effect of $1,169, $163 and $(274) for the years ended December 31, 2022, 2021 and 2020, respectively	(4,695)	(683)	1,415
Reclassification of foreign currency translation gain into net (loss) income	0	(96)	0
Comprehensive (loss) income	(9,935)	67,075	11,178
Less: Comprehensive income attributable to non-controlling interests	1,781	23,815	6,290
Comprehensive (loss) income attributable to Funko, Inc.	$ (11,716)	$ 43,260	$ 4,888

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Foreign currency translation gain (loss), tax	$ 1,169	$ 163	$ (274)

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 19,200	$ 83,557
Accounts receivable, net	167,895	187,688
Inventory	246,429	166,428
Prepaid expenses and other current assets	39,648	14,925
Total current assets	473,172	452,598
Property and equipment, net	102,232	58,828
Operating lease right-of-use assets	71,072	53,466
Goodwill	131,380	126,651
Intangible assets, net	181,284	189,619
Deferred tax asset	123,893	74,412
Other assets	8,112	11,929
Total assets	1,091,145	967,503
Current liabilities:
Line of credit	70,000	0
Current portion long-term debt, net of unamortized discount	22,041	17,395
Current portion of operating lease liabilities	18,904	14,959
Accounts payable	67,651	57,238
Income taxes payable	871	15,994
Accrued royalties	69,098	58,158
Accrued expenses and other current liabilities	112,832	121,267
Total current liabilities	361,397	285,011
Long-term debt, net of unamortized discount	153,778	155,818
Operating lease liabilities, net of current portion	82,356	50,459
Deferred tax liability	382	648
Liabilities under tax receivable agreement, net of current portion	99,620	75,523
Other long-term liabilities	3,923	3,486
Commitments and contingencies (Note 14)
Stockholders' equity:
Additional paid-in-capital	310,807	252,505
Accumulated other comprehensive (loss) income	(2,603)	1,078
Retained earnings	60,015	68,050
Total stockholders' equity attributable to Funko, Inc.	368,224	321,638
Non-controlling interests	21,465	74,920
Total stockholders' equity	389,689	396,558
Total liabilities and stockholders' equity	1,091,145	967,503
Class A Common Stock
Stockholders' equity:
Common stock, value	5	4
Class B Common Stock
Stockholders' equity:
Common stock, value	$ 0	$ 1

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2022	Dec. 31, 2021
Class A Common Stock
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares issued (in shares)	47,192,000	40,088,000
Common stock, shares outstanding (in shares)	47,192,000	40,088,000
Class B Common Stock
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	3,293,000	10,691,000
Common stock, shares outstanding (in shares)	3,293,000	10,691,000

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Additional Paid-In Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings	Non- Controlling Interests	Class A Common Stock	Class A Common Stock Common Stock	Class B Common Stock	Class B Common Stock Common Stock
Beginning balance (in shares) at Dec. 31, 2019							34,918		14,515
Beginning balance at Dec. 31, 2019	$ 305,144	$ 204,174	$ 791	$ 20,442	$ 79,733		$ 3		$ 1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Distribution to continuing equity owners	(3,576)				(3,576)
Equity-based compensation	10,116	10,116
Activity under equity-based compensation plans (in shares)							226
Activity under equity-based compensation plans	118	118
Shares issued for purchase consideration (in shares)							127
Shares issued for purchase consideration	2,221	2,221
Cumulative translation adjustment, net of tax	1,415		927		488
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets	(536)	(536)
Redemption of common units of FAH, LLC (in shares)							513		(475)
Redemption of common units of FAH, LLC	1	2,269			(2,269)		$ 1
Net (loss) income	9,763			3,961	5,802
Ending balance (in shares) at Dec. 31, 2020							35,657		14,040
Ending balance at Dec. 31, 2020	322,445	216,141	1,718	24,403	80,178		$ 4		$ 1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Distribution to continuing equity owners	(9,277)				(9,277)
Equity-based compensation	12,994	12,994
Activity under equity-based compensation plans (in shares)							554
Activity under equity-based compensation plans	5,956	5,956
Cumulative translation adjustment, net of tax	(683)		(544)		(139)
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets	(3,532)	(3,532)
Redemption of common units of FAH, LLC (in shares)							3,877		(3,349)
Redemption of common units of FAH, LLC	0	20,746			(20,746)
Net (loss) income	67,854			43,900	23,954
Ending balance (in shares) at Dec. 31, 2021						40,088	40,088	10,691	10,691
Ending balance at Dec. 31, 2021	396,558	252,505	1,078	68,050	74,920		$ 4		$ 1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Distribution to continuing equity owners	(10,709)				(10,709)
Equity-based compensation	16,591	16,591
Activity under equity-based compensation plans (in shares)							533
Activity under equity-based compensation plans	1,936	1,936
Acquisition of non-controlling interest of TokenWave, LLC (in shares)							71
Acquisition of non-controlling interest of TokenWave, LLC	(5,513)	(4,781)			(732)
Cumulative translation adjustment, net of tax	(4,695)		(3,681)		(1,014)
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets	761	761
Recapitalization of common units of FAH, LLC (in shares)									(910)
Recapitalization of common units of FAH, LLC	0	5,873			(5,873)
Redemption of common units of FAH, LLC (in shares)							6,500		(6,488)
Redemption of common units of FAH, LLC	0	37,922			(37,922)		$ 1		$ (1)
Net (loss) income	(5,240)			(8,035)	2,795
Ending balance (in shares) at Dec. 31, 2022						47,192	47,192	3,293	3,293
Ending balance at Dec. 31, 2022	$ 389,689	$ 310,807	$ (2,603)	$ 60,015	$ 21,465		$ 5		$ 0

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Operating Activities
Net (loss) income	$ (5,240)	$ 67,854	$ 9,763
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation, amortization and other	47,919	40,056	46,742
Equity-based compensation	16,591	12,994	10,116
Amortization of debt issuance costs and debt discounts	902	1,118	1,352
Loss on debt extinguishment	0	675	0
Deferred tax expense (benefit)	(17,414)	(361)	3,323
Other	5,244	1,403	1,952
Changes in operating assets and liabilities, net of amounts acquired:
Accounts receivable, net	19,075	(56,648)	20,077
Inventory	(82,214)	(107,166)	2,845
Prepaid expenses and other assets	(7,263)	3,700	12,273
Accounts payable	11,043	26,933	(13,303)
Income taxes payable	(15,018)	15,585	(209)
Accrued royalties	9,082	17,633	5,906
Accrued expenses and other liabilities	(22,841)	63,586	7,902
Net cash (used in) provided by operating activities	(40,134)	87,362	108,739
Investing Activities
Purchase of property and equipment	(59,148)	(27,759)	(18,482)
Acquisitions, net of cash	(19,479)	199	0
Other	562	179	0
Net cash used in investing activities	(78,065)	(27,381)	(18,482)
Financing Activities
Borrowings on line of credit	120,000	0	28,267
Payments on line of credit	(50,000)	0	(55,103)
Debt issuance costs	(405)	(1,055)	(569)
Proceeds from long-term debt, net	20,000	180,000	0
Payment of long-term debt	(18,000)	(198,375)	(26,438)
Contingent consideration	0	(2,000)	(1,500)
Distributions to continuing equity owners	(10,710)	(9,277)	(3,575)
Payments under tax receivable agreement	(7,718)	(1,715)	(4,639)
Proceeds from exercise of equity-based options	1,472	3,794	219
Net cash provided by (used in) financing activities	54,639	(28,628)	(63,338)
Effect of exchange rates on cash and cash equivalents	(797)	(51)	107
Net change in cash and cash equivalents	(64,357)	31,302	27,026
Cash and cash equivalents at beginning of period	83,557	52,255	25,229
Cash and cash equivalents at end of period	19,200	83,557	52,255
Supplemental Cash Flow Information
Cash paid for interest	8,856	5,679	9,089
Income tax payments	22,363	1,462	4,167
Establishment of liabilities under tax receivable agreement	30,034	20,691	1,000
Issuance of equity instruments for acquisitions	1,487	0	0
Tenant allowance	$ 17,236	$ 0	$ 269

Basis of Presentation and Descr

Basis of Presentation and Description of Business	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Description of Business	Basis of Presentation and Description of Business The consolidated financial statements include Funko, Inc. and its subsidiaries (together with its subsidiaries, the “Company”) and have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). All intercompany balances and transactions have been eliminated. The Company was formed as a Delaware corporation on April 21, 2017. The Company was formed for the purpose of completing an initial public offering (“IPO”) of its Class A common stock and related transactions in order to carry on the business of Funko Acquisition Holdings, L.L.C. (“FAH, LLC”) and its subsidiaries. FAH, LLC owns 100% of Funko Holdings LLC ("FHL") and FHL owns 100% of Funko, LLC, a limited liability company formed in the state of Washington, which is its operating entity. The Company is a leading pop culture consumer products company that designs, sources, and distributes licensed pop culture products. The Company is headquartered in Everett, Washington. Funko, Inc. operates and controls all of FAH, LLC’s operations and, through FAH, LLC and its subsidiaries, conducts FAH, LLC’s business, as the sole managing member. Accordingly, the Company consolidates the financial results of FAH, LLC and reports a non-controlling interest in its consolidated financial statements representing the FAH, LLC interests held by certain holders of common units in FAH, LLC (the "Continuing Equity Owners").

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting Policies Certain of the significant accounting policies are discussed within the note to which they specifically relate. Certain prior-year amounts have been reclassified to conform to the current year presentation. Use of Estimates The preparation of the Company’s consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements as well as the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates and assumptions. Cash Equivalents Cash equivalents include amounts due from third-party financial institutions for credit and debit card transactions. These transactions typically settle in less than 5 days and were $1.3 million and $1.5 million at December 31, 2022 and 2021, respectively. Concentrations of Business and Credit Risk The Company grants credit to its customers on an unsecured basis. The Company monitors the financial health of its customers and will take actions to mitigate a customer's credit risk if a negative financial forecast is expected. As of December 31, 2022 and 2021, the balance of accounts receivable consisted of 11% and 18%, respectively, of amounts owed from the largest customer for the given period. The collection of these receivables has been within the terms of the associated customer agreement. For the years ended December 31, 2022, 2021 and 2020, there was no individual customer that generated net sales over 10%. For the year ended December 31, 2022, 13% of sales were related to the largest license agreement with no other license agreements accounting for more than 10% of sales. For the year ended December 31, 2021, 26% of sales were related to the Company’s two largest license agreements (13% each) with no other license agreements accounting for more than 10% of sales. For the year ended December 31, 2020, 12% and 11% of sales were related to the Company’s two largest license agreements with no other license agreements accounting for more than 10% of sales. The Company maintains its cash within bank deposit accounts at high quality, accredited financial institutions. These amounts at times may exceed federally insured limits. The Company has not experienced any credit losses in such accounts and does not believe it is exposed to significant credit risk on cash. Inventory Inventory consists primarily of figures, plush, apparel, homewares, accessories, games, vinyl records and other finished goods, and is accounted for using the first-in, first-out (“FIFO”) method. Inventory costs include direct product costs and freight costs. The Company maintains reserves for excess and obsolete inventories to reflect the inventory balance at the lower of cost or net realizable value. The Company estimates obsolescence based on assumptions regarding future demand. This valuation requires us to make judgments, based on currently available information, about the likely method of disposition, such as through sales to customers, or liquidation, and expected recoverable value of each disposition category. Reserves for excess and obsolete inventories were $16.9 million and $4.7 million as of December 31, 2022 and 2021, respectively. Property and Equipment Property and equipment is stated at historical cost, net of accumulated depreciation, and, if applicable, impairment charges. Depreciation of property and equipment is recorded using the straight-line method over the shorter of the estimated useful life of the asset or the lease term. The estimated useful lives of our property and equipment are generally as follows: Asset Lives (in years) Tooling and molds 2 Furniture, fixtures, and warehouse equipment 2 to 7 Computer equipment, software and other 3 to 5 Leasehold improvements Lesser of useful life or term of lease The Company monitors long-lived assets for impairment indicators on an ongoing basis in accordance with U.S. GAAP. If impairment indicators exist, the Company will perform the required impairment analysis by comparing the undiscounted cash flows expected to be generated from the long-lived assets to the related net book values. If the net book value exceeds the undiscounted cash flows, an impairment loss is measured and recognized. An impairment loss is measured as the difference between the net book value and the fair value of the long-lived assets. Fair value is estimated based upon a combination of market and cost approaches, as appropriate. Changes in economic or operating conditions impacting these estimates and assumptions could result in the impairment of the Company's long-lived assets. Other Assets Other assets primarily comprise capitalized implementation costs from cloud computing arrangements, safeguarding assets and security deposits. The Company capitalizes eligible costs associated with cloud computing arrangements over the term of the arrangement, plus reasonably certain renewals, and intends to recognize those costs on a straight-line basis in the same line item in the consolidated statement of operations as the expense for fees associated with the cloud computing arrangement once the capitalized project is ready for intended use. Cloud computing arrangement costs, included in prepaid expenses and other current assets were $2.1 million and $1.4 million and other non-current assets were $3.0 million and $6.9 million as of December 31, 2022 and December 31, 2021, respectively. No amortization expense associated with the cloud computing arrangements was recorded in the years ended December 31, 2022, 2021, or 2020. The Company incurred an abandonment charge of $32.5 million during the year ended December 31, 2022, as it was determined the enterprise resource planning cloud computing arrangement was no longer feasible for its intended use. Cash flows related to capitalized implementation costs are presented in cash flows used in operating activities. Revenue Recognition and Sales Allowance Revenue from the sale of Company products is recognized when control of the goods is transferred to the customer, which is upon shipment or upon receipt of finished goods by the customer, depending on the contract terms. The Company routinely enters into arrangements with its customers to provide sales incentives, support customer promotions, and provide allowances for returns and defective merchandise. These sales adjustments require management to make estimates. In making these estimates, management considers all available information including the overall business environment, historical trends and information from customers, such as agreed upon customer contract terms as well as historical experience from the customer. The costs of these programs reduce gross sales in the period the related sale is recognized. The Company adjusts its estimates at least quarterly or when facts and circumstances used in the estimate process change; historically these adjustments have not been material. We have made an accounting policy election to exclude from revenue all taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction and collected by the Company from a customer (for example, sales, use, value-added, and certain excise taxes). We have elected to account for shipping and handling activities that occur after control of the related good transfers as fulfillment activities instead of assessing such activities as performance obligations. Accordingly, shipping and handling activities that are performed by the Company, whether before or after a customer has obtained control of the products, are considered fulfillment costs to satisfy our performance obligation to transfer the products, and are recorded as incurred within cost of sales. We have elected the practical expedient to not recognize a significant financing component for contracts that include payments terms of one year or less. We have also elected the practical expedient permitting expensing of costs to obtain a contract when the expected amortization period is one year or less. Shipping Revenue and Costs Shipping and handling costs include inbound freight costs and the cost to ship product to the customer and are included in cost of sales. Shipping fees billed to customers are included in net sales. Royalties We enter into agreements for rights to licensed trademarks, copyrights and likenesses for use in our products. These licensing agreements require the payment of royalty fees to the licensor based on a percentage of revenue. Many licensing agreements also require minimum royalty commitments. When royalty fees are paid in advance, we record these payments as a prepaid asset. If we determine that it is probable that the expected revenue will not be realized, a reserve is recorded against the prepaid asset for the non-recoverable portion. As of December 31, 2022 , we recorded a prepaid asset of $13.0 million, net of a reserve of $0.8 million. As of December 31, 2021, we recorded a prepaid asset of $4.7 million, net of a reserve of $0.7 million. We record a royalty liability as revenues are earned based on the terms of the licensing agreement. In situations where a minimum commitment is not expected to be met based on expected revenues, we will accrue up to the minimum amount when it is reasonably certain that revenues generated will not meet the minimum commitment. Royalty and license expense is recorded within cost of sales on the consolidated statements of income. Royalty expenses for the years ended December 31, 2022 , 2021 and 2020, were $213.1 million, $161.6 million and $105.0 million, respectively. Advertising and Marketing Costs Advertising and marketing costs are expensed when the advertising or marketing event takes place. These costs include the fees to participate in trade shows and Comic-Cons, as well as costs to develop promotional video and other online content created for advertising purposes. These costs are included in selling, general and administrative expenses and for the years ended December 31, 2022 , 2021 and 2020 were $26.7 million, $17.1 million, and $7.7 million, respectively. The Company enters into cooperative advertising arrangements with customers. The fees related to these arrangements are recorded as a reduction of net sales in the accompanying consolidated statements of income because the Company has determined it does not receive an identifiable benefit and cannot reasonably estimate the fair value of these arrangements. Product Design and Development Costs Product design and development costs are recognized in selling, general and administrative expenses in the consolidated statements of operations as incurred. Product design and development costs for the years ended December 31, 2022, 2021 and 2020, were $10.2 million, $6.8 million, and $5.1 million, respectively. Foreign Currency We have international sales and operating expenses that are denominated in local functional currencies. The functional currency of our international subsidiaries is the same as the local currency. Assets and liabilities of these subsidiaries are translated into U.S. dollars at period-end foreign exchange rates, and revenues and expenses are translated at average rates prevailing throughout the period. Translation adjustments are included in other comprehensive income (loss) on the consolidated statements of comprehensive income (loss). Transaction gains and losses including intercompany transactions denominated in a currency other than the functional currency of Funko, Inc. are included in other expense, net on our consolidated statements of operations. In connection with the settlement and remeasurement of intercompany balances, we recorded a $0.1 million gain, a nominal loss, and loss of $0.4 million for the years ended December 31, 2022, 2021 and 2020, respectively. The income tax effects related to the unrealized foreign currency component of other comprehensive (loss) income are reclassified to earnings only when the net investment is sold, or when a liquidation of the respective net investment in the foreign entity is substantially completed. Recently Adopted Accounting Standards In March 2022, the Securities and Exchange Commission issued Staff Accounting Bulletin No. 121, Accounting for Obligations to Safeguard Crypto-Assets an Entity Holds for its Platform Users. Funko, LLC through its wholly-owned subsidiary TokenWave, LLC, operates the Droppp.io platform, to facilitate the buying and selling of its NFTs. The Company has recorded a $11.3 million safeguarding asset and corresponding liability, recorded in other current assets and other current liabilities in the consolidated balance sheets, respectively, based on the fair value of the platform users' accounts at December 31, 2022. This asset (and liability) is remeasured at each reporting period. The Company has not incurred a loss related to its safeguarding of user accounts for the year ended December 31, 2022. There were no other recently adopted accounting standards during the year ended December 31, 2022 that had a material effect on the financial statements.

Acquisitions

Acquisitions	12 Months Ended
	Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Acquisitions	Acquisitions On March 26, 2021, the Company acquired a majority of the membership interests of TokenWave LLC, the developer of TokenHead, a mobile app and website for showcasing and tracking Non-Fungible Token (“NFT”) holdings. This transaction represented an opportunity to expand the Company’s product offerings into digital NFTs. The Company accounted for the acquisition as a business combination. The purchase consideration, fair value of the assets acquired and liabilities assumed, and acquisition related transaction costs were not material. On October 6, 2022, the Company acquired the remaining membership interests of TokenWave LLC, through a combination of cash and stock consideration, which was accounted for as an equity transaction. On June 8, 2022, the Company acquired 100% of the membership interests in Mondo Collectibles, LLC (f/k/a Mondo Tees Buyer, LLC) (“Mondo”), a high-end pop culture collectibles company that creates vinyl records, posters, soundtracks, toys, apparel, books, games and other collectibles. This transaction represents an opportunity to expand the Company’s product offerings into vinyl records, posters and other high-end collectibles. The Company accounted for the acquisition as a business combination. The preliminary purchase consideration consists of $14.0 million in cash. The Company is still in the process of completing the allocation of the purchase price to the fair value of the assets and liabilities acquired, and the difference between the estimated and final values could be material. Goodwill of $5.1 million is calculated as the excess of the purchase price paid over the net assets acquired. The Company does not expect the goodwill as recognized, to be deductible for tax purposes. An intangible asset of $7.4 million, with a useful life of 10 years was recognized for the Mondo trade name. The activity of Mondo as included in the Company’s consolidated statements of operations from the acquisition date to December 31, 2022 was not material. The following table shows the preliminary purchase price allocation for the Mondo consideration and any fair value adjustment made through December 31, 2022 (in thousands): Assets (Liabilities) Acquired (Assumed) Cash $ 37 Accounts receivable 924 Inventory 2,648 Other current assets 2,593 Intangible assets 7,370 Goodwill 5,117 Current liabilities (4,685) Consideration transferred $ 14,004

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill represents the excess of the purchase price over the net amount of identifiable assets acquired and liabilities assumed in a business combination measured at fair value. The Company evaluates goodwill for impairment annually on October 1 of each year and upon the occurrence of triggering events or substantive changes in circumstances that could indicate a potential impairment by assessing qualitative factors or performing a quantitative analysis in determining whether it is more likely than not that the fair value of the net assets is below their carrying amounts. The Company has determined that it has one reporting unit for which discrete financial information is available and results are regularly reviewed by management. No impairment charges relating to goodwill were recorded in the years ended December 31, 2022, 2021 and 2020. The following table presents the balances of goodwill as of 2022 and 2021 (in thousands): Goodwill Balance as of January 1, 2021 $ 125,061 Acquisition 1,662 Foreign currency remeasurement (72) Balance as of December 31, 2021 $ 126,651 Acquisition 5,117 Foreign currency remeasurement (388) Balance as of December 31, 2022 $ 131,380 The Company’s long-lived asset groups, which includes intangible assets, property and equipment and operating lease right-of-use assets net of operating lease liabilities, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset group might not be recoverable. Conditions that would necessitate an impairment assessment include a significant decline in the observable market value of an asset (or asset group), a significant change in the extent or manner in which an asset (or asset group) is used, or any other significant adverse change that would indicate that the carrying amount of an asset or group of assets may not be recoverable. Intangible assets acquired in a business combination are recognized separately from goodwill and are initially recognized at their fair value at the acquisition date. Intangible assets acquired include intellectual property (product design), customer, licensor and supplier relationships, trade names, and noncompetition agreements. These are definite-lived assets and are amortized on a straight-line basis over their estimated useful lives. Intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets might not be recoverable. Conditions that would necessitate an impairment assessment include a significant decline in the observable market value of an asset, a significant change in the extent or manner in which an asset is used, or any other significant adverse change that would indicate that the carrying amount of an asset or group of assets may not be recoverable. As of December 31, 2022 and 2021, there were also $0.1 million in indefinite-lived assets not subject to amortization but tested for impairment. There were $0.2 million impairment charges relating to indefinite-lived intangible assets recorded in the years ended December 31, 2022 and no impairment charges were recorded in the years ended December 31, 2021 and 2020. The following table provides the details of identified intangible assets, by major class, for the periods indicated (in thousands): December 31, 2022 December 31, 2021 Estimated Useful Life (Years) Gross Carrying Amount Accumulated Amortization Intangible Assets, Net Gross Carrying Amount Accumulated Amortization Intangible Assets, Net Intangible assets subject Intellectual property 3 - 20 $ 115,331 $ (41,897) $ 73,434 $ 115,331 $ (36,060) $ 79,271 Trade names 10 - 20 90,728 (30,622) 60,106 83,358 (25,985) 57,373 Customer relationships 3 - 20 71,278 (28,520) 42,758 71,699 (24,912) 46,787 Licensor relationships 10 - 20 10,991 (6,145) 4,846 11,276 (5,186) 6,090 Noncompetition agreements 3 290 (290) — 290 (278) 12 Total $ 288,618 $ (107,474) $ 181,144 $ 281,954 $ (92,421) $ 189,533 Amortization expense for the years ended December 31, 2022, 2021 and 2020 was $15.4 million, $16.2 million, and $16.0 million, respectively. The future five-year amortization of intangibles subject to amortization at December 31, 2022 was as follows (in thousands): Amortization 2023 $ 15,531 2024 15,511 2025 15,511 2026 15,511 2027 14,362 Thereafter 104,718 Total $ 181,144

Accounts Receivable, Net

Accounts Receivable, Net	12 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
Accounts Receivable, Net	Accounts Receivable, Net Accounts receivable, net, primarily represent customer receivables, recorded at invoiced amount, net of a sales allowance and an allowance for doubtful accounts. An allowance for doubtful accounts is determined based on various factors, including specific identification of balances at risk for not being collected, historical experience, existing economic conditions and supportable forecasted changes. The Company evaluates its general portion of the allowance for doubtful accounts based on historical loss information and applies reserve percentages based on aging schedule. Days past due is calculated from contractual due date of the trade receivable contract. The composition of the trade receivables is consistent with that used in developing the historical credit-loss percentages and evaluated to reflect current conditions and supportable forecasted changes. The trade receivables are generally due in 30 to 90 days. In addition to the general portion of the allowance for doubtful accounts, certain doubtful accounts are evaluated for a specific reserve. These accounts generally include significantly past due or other factors known where a substantial portion or all of the balance is deemed to be uncollectible. Receivables are written-off when all reasonable collection efforts have been exhausted and it is probable the balance will not be collected. Accounts receivable, net consisted of the following (in thousands): December 31, 2022 2021 Accounts receivable $ 175,484 $ 190,844 Less: Allowance for doubtful accounts (7,589) (3,156) Accounts receivable, net $ 167,895 $ 187,688 Accounts receivable includes a $1.5 million and $0.8 million tenant improvement receivable from a lessor as of December 31, 2022 and 2021. In addition, accounts receivable as of December 31, 2022 and 2021 includes an income tax receivable of $7.8 million and $0.3 million. The remaining balance is customer receivables. Bad debt expense was $6.1 million, $0.9 million and $2.4 million for the years ended December 31, 2022, 2021 and 2020, respectively. Activity in our allowance for doubtful accounts was as follows (in thousands): December 31, 2022 2021 Allowance for doubtful accounts - beginning $ 3,156 $ 3,580 Charged to costs 6,127 895 Write offs (1,694) (1,319) Allowance for doubtful accounts - ending $ 7,589 $ 3,156

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	12 Months Ended
	Dec. 31, 2022
Prepaid Expense and Other Assets, Current [Abstract]
Prepaid Expenses and Other Current Assets	Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consisted of the following (in thousands): December 31, 2022 2021 Prepaid deposits for inventory and molds $ 2,500 $ 1,111 Prepaid royalties, net 12,985 4,746 Crypto asset safeguarding asset 11,271 — Other prepaid expenses and current assets 12,892 9,068 Prepaid expenses and other current assets $ 39,648 $ 14,925

Property and Equipment, Net

Property and Equipment, Net	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	Property and Equipment, Net Property and equipment, net consisted of the following (in thousands): December 31, 2022 2021 Tooling and molds $ 145,021 $ 119,915 Leasehold improvements 68,160 44,112 Computer equipment, software and other 15,315 13,007 Furniture, fixtures and warehouse equipment 24,714 12,177 Construction in progress 7,348 7,194 $ 260,558 $ 196,405 Less: Accumulated depreciation (158,326) (137,577) Property and equipment, net $ 102,232 $ 58,828 Depreciation expense for the years ended December 31, 2022, 2021 and 2020 was $32.2 million, $25.0 million, and $28.3 million, respectively.

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	12 Months Ended
	Dec. 31, 2022
Accrued Liabilities And Other Current Liabilities [Abstract]
Accrued Expenses and Other Current Liabilities	Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consisted of the following (in thousands): December 31, 2022 2021 Accrued payroll and compensation $ 25,146 $ 23,439 Accrued shipping & freight costs 21,698 42,649 Accrued sales taxes 1,377 1,978 Current liabilities under tax receivable agreement 9,567 7,362 Crypto asset safeguarding liability 11,271 — Other current liabilities 43,773 45,839 Accrued liabilities and other current liabilities $ 112,832 $ 121,267

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The Company’s financial instruments, other than those discussed below, include cash, accounts receivable, accounts payable, and accrued liabilities. The carrying amount of these financial instruments approximate fair value due to the short-term nature of these instruments. For financial instruments measured at fair value on a recurring basis, the Company prioritizes the inputs used in measuring fair value according to a three-tier fair value hierarchy defined by U.S. GAAP. These tiers include Level 1, defined as observable inputs such as quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs that reflect the Company’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Cash equivalents. As of December 31, 2022 and 2021, cash equivalents included $0.5 million and $56.9 million, respectively, of highly liquid money market funds, which are classified as Level 1 within the fair value hierarchy. Crypto asset safeguarding liability and corresponding asset. The crypto asset safeguarding liability and corresponding safeguarding asset are measured and recorded at fair value on a recurring basis using prices available in the market the Company determines to be the principal market at the balance sheet date. As of December 31, 2022, the estimated fair value of the crypto asset safeguarding liability and corresponding asset was $11.3 million, classified at Level 1 within the fair value hierarchy. Debt. The estimated fair values of the Company’s debt instruments, which are classified as Level 3 financial instruments, at December 31, 2022 and 2021, was approximately $177.5 million and $175.5 million, respectively. The carrying values of the Company’s debt instruments at December 31, 2022 and 2021, were $175.8 million and $173.2 million, respectively. The estimated fair value of the Company’s debt instruments primarily reflects assumptions regarding credit spreads for similar floating-rate instruments with similar terms and maturities and the Company's standalone credit risk.

Debt

Debt	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Debt	Debt Debt consists of the following (in thousands): December 31, 2022 2021 Revolving Credit Facility $ 70,000 $ — Term Loan Facility 157,500 175,500 Equipment Finance Loan 20,000 — Debt issuance costs (1,681) (2,287) Total term debt 175,819 173,213 Less: current portion 22,041 17,395 Long-term debt, net $ 153,778 $ 155,818 Maturities of long-term debt for each of the next five years and thereafter are as follows (in thousands): Term Facilities 2023 $ 22,581 2024 22,850 2025 23,134 2026 108,935 Total $ 177,500 New Credit Facilities On September 17, 2021, the Credit Agreement Parties entered into a new credit agreement (as amended from time to time, the “New Credit Agreement”) with JPMorgan Chase Bank, N.A., PNC Bank, National Association, KeyBank National Association, Citizens Bank, N.A., Bank of the West, HSBC Bank USA, National Association, Bank of America, N.A., U.S. Bank National Association, MUFG Union Bank, N.A., and Wells Fargo Bank, National Association (collectively, the “Initial Lenders”) and JPMorgan Chase Bank, N.A. as administrative agent, providing for a term loan facility in the amount of $180.0 million (the “New Term Loan Facility”) and a revolving credit facility of $100.0 million (the “New Revolving Credit Facility”) (together the “New Credit Facilities”). Proceeds from the New Credit Facilities were primarily used to repay the Former Credit Facilities. On April 26, 2022, the Credit Agreement Parties entered into Amendment No. 1 to the New Credit Agreement (the “First Amendment”) with the Initial Lenders and JPMorgan Chase Bank, N.A. as administrative agent, which allows for additional Restricted Payments (as defined in the First Amendment) using specified funding sources. On July 29, 2022, the Credit Agreement Parties entered into Amendment No. 2 to the New Credit Agreement (the “Second Amendment”) with the Initial Lenders and Goldman Sachs Bank USA (collectively, the “Lenders”) and JPMorgan Chase Bank, N.A. as administrative agent, which increases the New Revolving Credit Facility to $215.0 million and converts the New Credit Facility interest rate index from Borrower (as defined in the New Credit Agreement) option LIBOR to SOFR. The New Term Loan Facility matures on September 17, 2026 (the “Maturity Date”) and amortizes in quarterly installments in aggregate amounts equal to 2.50% of the original principal amount of the New Term Loan Facility, with any outstanding balance due and payable on the Maturity Date. The first amortization payment commenced with the quarter ending on December 31, 2021. The New Revolving Credit Facility also terminates on the Maturity Date and loans thereunder may be borrowed, repaid, and reborrowed up to such date. Loans under the New Credit Facilities will, at the Borrowers’ option, bear interest at either (i) SOFR, EURIBOR, HIBOR, CDOR, Daily Simple SONIA and/or the Central Bank Rate, as applicable, plus (x) 2.50% per annum and (y) solely in the case of Term SOFR based loans 0.10% per annum or (ii) ABR or the Canadian prime rate, as applicable, plus 1.50%, in each case of clauses (i) and (ii), subject to two 0.25% step-downs based on the achievement of certain leverage ratios following the Closing Date. Each of Term SOFR, EURIBOR, HIBOR, CDOR and Daily Simple SONIA rates are subject to a 0% floor. For loans based on ABR, the Central Bank Rate or the Canadian prime rate, interest payments are due quarterly. For loans based on Daily Simple SONIA, interest payments are due monthly. For loans based on SOFR, EURIBOR, HIBOR or CDOR, interest payments are due at the end of each applicable interest period. The New Credit Facilities are secured by substantially all of the assets of the Company and any of its existing or future material domestic subsidiaries, subject to customary exceptions. As of December 31, 2022 and 2021, the Company was in compliance with all of the covenants in its New Credit Agreement. At December 31, 2022 and 2021, the Company had $157.5 million and $175.5 million of borrowings outstanding under the New Term Loan Facility, respectively, and $70.0 million and no outstanding borrowings under the New Revolving Credit Facility, respectively. Outstanding borrowings under the New Revolving Credit Facility at December 31, 2022 are due within 30 days of each draw. At December 31, 2022 and 2021, the Company had $145.0 million and $100.0 million available under the New Revolving Credit Facility and Former Revolving Credit Facility, respectively. There were no outstanding letters of credit as of December 31, 2022 and 2021. Subsequent to December 31, 2022, our projections indicated that we would be unable to maintain compliance with the financial covenants under the New Credit Agreement as of March 31, 2023 and, on February 28, 2023, we entered into a further amendment (the “Third Amendment”) to the New Credit Agreement to, among other things, (i) modify the financial covenants under the New Credit Agreement for the period beginning on the date of the Third Amendment through the fiscal quarter ending December 31, 2023 (the “Waiver Period”), (ii) reduce the size of the New Revolving Credit Facility from $215.0 million to $180.0 million as of the date of the Third Amendment and thereafter to $150.0 million on December 31, 2023, which reduction shall be permanent after the Waiver Period, (iii) restrict the ability to draw on the New Revolving Credit Facility during the Waiver Period in excess of the amount outstanding on the date of the Third Amendment, (iv) increase the margin payable under the Credit Facilities during the Waiver Period to (a) 4.00% per annum with respect to any Term Benchmark Loan or RFR Loan (each as defined in the New Credit Agreement), and (b) 3.00% per annum with respect to any Canadian Prime Loan or ABR Loan (as defined in the New Credit Agreement), (iv) allow that any calculation of Consolidated EBITDA (each as defined in the New Credit Agreement) that includes the fiscal quarters during the Waiver Period may include certain agreed upon amounts for certain addbacks, (v) further limit our ability to make certain restricted payments, including the ability to pay dividends or make other distributions on equity interests, or redeem, repurchase or retire equity interests, incur additional indebtedness, incur additional liens, enter into sale and leaseback transactions or issue additional equity interests or securities convertible into or exchange for equity interests (other than the issuance of common stock) during the Waiver Period, (vi) require a minimum cash requirement of at least $10.0 million and (vii) require a mandatory prepayment of the New Revolving Credit Facility during the Waiver Period with any cash proceeds in excess of $25.0 million. Following the Waiver Period, beginning in the fiscal quarter ended March 31, 2024, the Third Amendment resets the maximum Net Leverage Ratio and the minimum Fixed Charge Coverage Ratio (each as defined in the New Credit Agreement) that must be maintained by the Credit Agreement Parties to 2.50:1.00 and 1.25:1.00, respectively, which were the ratios in effect under the New Credit Agreement prior to the Third Amendment. As of February 28, 2023, the Company had $157.5 million and $141.0 million in borrowings outstanding under the New Term Loan Facility and New Revolving Credit Facility, respectively. Former Credit Facilities On October 22, 2018, FAH, LLC and certain of its material domestic subsidiaries from time to time (collectively the “Credit Agreement Parties”) entered into a credit agreement (as amended, the “Former Credit Agreement”) providing for a term loan facility in the amount of $235.0 million (the “Former Term Loan Facility”) and a revolving credit facility of $50.0 million (the “Former Revolving Credit Facility”) (together the “Former Credit Facilities”). On February 11, 2019, the Credit Agreement Parties amended the Former Credit Agreement to increase the Former Revolving Credit Facility to $75.0 million. On September 23, 2019, the Credit Agreement Parties entered into a second amendment to the Former Credit Agreement, which extended the maturity date of the Former Term Loan Facility and the Former Revolving Credit Facility under the Former Credit Facilities to September 23, 2024 (the “Former Facility Maturity Date”), reduced the interest margin applicable to all loans under the Former Credit Agreement by 0.75% and reduced certain fees incurred under the Former Credit Agreement. The second amendment also allowed the Credit Agreement Parties to request an additional $25.0 million increase to the Former Term Loan Facility. On May 5, 2020 the Credit Agreement Parties entered into a third amendment to the Former Credit Agreement, which modified the financial covenants and adjusted the required leverage levels for the Leverage Ratio (as defined in the Former Credit Agreement) to provide the Credit Agreement Parties with additional flexibility. The Former Term Loan Facility amortized in quarterly installments in aggregate amounts equal to 5.00% of the original principal amount of the Former Term Loan Facility in the first and second years of the Former Term Loan Facility, 10.00% of the original principal amount of the Former Term Loan Facility in the third and fourth years of the Former Term Loan Facility and 12.50% of the original principal amount of the Former Term Loan Facility in the fifth year of the Former Term Loan Facility, with any outstanding balance due and payable on the Maturity Date. The first amortization payment was on December 31, 2018. The Former Revolving Credit Facility would have terminated on the Former Facility Maturity Date and loans thereunder were eligible to be borrowed, repaid, and reborrowed up to such date. As amended, loans under the Credit Facilities bore interest, at the Credit Agreement Parties' option, at either the Euro-Rate (as defined in the Credit Agreement), or in the case of swing loans, the Swing Rate (as defined in the Credit Agreement), plus 3.00% or the Base Rate (as defined in the Credit Agreement) plus 2.00%, with 0.25% step-downs based on the achievement of certain leverage ratios. The Euro-Rate was subject to a 1.00% floor and for loans based on the Euro-Rate, interest payments were due at the end of each applicable interest period. The Former Credit Facilities were secured by substantially all of the assets of FAH, LLC and its material domestic subsidiaries, subject to customary exceptions. In September 2021, all of the outstanding aggregate principal balance and accrued interest of $180.1 million on the Credit Agreement Parties' Former Term Loan Facility was repaid, and the Credit Agreement Parties recorded a $0.7 million loss on debt extinguishment as a result of the write-off of unamortized deferred financing fees. Equipment Finance Loan On November 25, 2022, Funko, LLC, Funko Games, LLC, Funko Acquisition Holdings, L.L.C., Funko Holdings LLC and Loungefly, LLC, (collectively, "Equipment Finance Credit Parties"), entered into a $20.0 million equipment finance agreement ("Equipment Finance Loan") with Wells Fargo Equipment Finance, Inc. The loan is to be repaid in 48 monthly equal installments starting January 15, 2023 utilizing an annual fixed interest rate of 5.71%. The Equipment Finance Loan is secured by certain identified assets held within our Buckeye, Arizona warehouse. At December 31, 2022, the Company had $20.0 million outstanding under the Equipment Finance Loan.

Leases

Leases	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Leases	LeasesThe Company has entered into non-cancellable operating leases for office, warehouse, and distribution facilities, with original lease periods expiring through 2032. Leases with an initial term of 12 months or less are not recorded on the consolidated balance sheets; the Company recognizes lease expense for these leases on a straight-line basis over the lease term. The Company combines lease and non-lease components for new and reassessed leases. Some operating leases also contain the option to renew for five years periods at prevailing market rates at the time of renewal. In addition to minimum rent, certain of the leases require payment of real estate taxes, insurance, common area maintenance charges, and other executory costs. For certain leases the Company receives lease incentives, such as tenant improvement allowances, and records those as adjustments to operating lease right-of-use assets and operating leases liabilities on the consolidated balance sheets and amortize the lease incentives on a straight-line basis over the lease term as an adjustment to rent expense. Rent expense, included in selling, general and administrative expenses on the consolidated statements of operations, was $24.5 million, $16.5 million and $15.3 million for the years ended December 31, 2022, 2021 and 2020, respectively. During the years ended December 31, 2022 and 2021, operating cash outflows relating to operating lease liabilities was $16.0 million and $14.4 million, respectively and operating lease right-of-use assets obtained in exchange for new operating lease obligations was $54.1 million, net of lease incentives obtained of $17.2 million and $4.0 million, with no lease incentives obtained, respectively. As of December 31, 2022 and 2021, the Company’s operating leases had a weighted-average remaining term of 7.4 years and 7.0 years, respectively and weighted-average discount rates of 5.76% and 6.22%, respectively. Excluded from the measurement of operating lease liabilities and operating lease right-of-use assets were certain warehouse and distribution contracts that either qualify for the short-term lease recognition exception and/or do not give the Company the right to control the warehouse and/or distribution facilities underlying the contract. During the year ended December 31, 2020, the Company recognized an impairment loss of $1.4 million related to the right of use lease asset in Bath, England. The related lease liability was remeasured and reduced by $0.9 million. The lease agreement was terminated in December 2021. In January 2020, the Company entered into a non-cancellable operating sub-lease for office space expiring in 2024. Rental income recognized for the years ended December 31, 2022, 2021 and 2020 was $0.4 million, $0.3 million and $0.3 million, respectively, included as a reduction of selling, general and administrative expenses on the consolidated statements of operations. The future payments on the Company’s operating lease liabilities as of December 31, 2022 were as follows (in thousands): 2023 $ 19,510 2024 17,678 2025 16,742 2026 17,053 2027 12,572 Thereafter 41,644 Total lease payments 125,199 Less: imputed interest (23,939) Total $ 101,260

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes (Loss) income before income taxes consisted of (in thousands): Year Ended December 31, 2022 2021 2020 Domestic $ (39,077) $ 72,758 $ 4,149 Foreign 16,036 12,157 7,639 (Loss) income before income taxes $ (23,041) $ 84,915 $ 11,788 Income Tax Expense (Benefit) Funko, Inc. is taxed as a corporation and pays corporate federal, state and local taxes on income allocated to it from FAH, LLC based upon Funko, Inc.’s economic interest held in FAH, LLC. FAH, LLC is treated as a pass-through partnership for income tax reporting purposes. FAH, LLC’s members, including the Company, are liable for federal, state and local income taxes based on their share of FAH, LLC’s pass-through taxable income (loss). The components of the Company’s income tax expense (benefit) consisted of the following (in thousands): Year Ended December 31, 2022 2021 2020 Current income taxes: Federal $ (4,766) $ 12,894 $ (3,030) State and local 1,629 1,825 59 Foreign 2,750 2,703 1,673 Current income taxes $ (387) $ 17,422 $ (1,298) Deferred income taxes: Federal $ (11,227) $ (185) $ 2,585 State and local (5,945) (18) 206 Foreign (242) (158) 532 Deferred income taxes (17,414) (361) 3,323 Income tax (benefit) expense $ (17,801) $ 17,061 $ 2,025 A reconciliation of income tax expense (benefit) from operations computed at the U.S. federal statutory income tax rate to the Company’s effective income tax rate are as follows: Year Ended December 31, 2022 2021 2020 Expected U.S. federal income taxes at statutory rate 21.0 % 21.0 % 21.0 % State and local income taxes, net of federal benefit 20.2 1.7 2.5 Foreign taxes (9.9) 2.5 18.7 Foreign tax credit 11.7 — (9.3) Non-deductible expenses (2.1) (1.1) 1.6 Change in valuation allowance 47.2 2.3 5.4 Non-controlling interest 2.6 (6.0) (12.7) Share-based compensation (19.8) 0.1 5.1 Return to provision 4.9 1.5 (15.1) Other, net 1.5 (1.9) — Income tax (benefit) expense 77.3 % 20.1 % 17.2 % The Company’s annual effective tax rate in 2022 is different than the statutory rate of 21% primarily due to a partial release of the valuation allowance, the limitation of future share based compensation pursuant to Section 162(m) of the Internal Revenue Code (the "Code"), and the Company is not liable for income taxes on the portion of FAH, LLC’s earnings that are attributable to non-controlling interests. The Company's annual effective tax rate for 2021 and 2020 was less than the statutory rate of 21%, primarily because the Company is not liable for income taxes on the portion of FAH, LLC’s earnings that are attributable to non-controlling interests. Deferred Income Taxes The significant items comprising deferred tax assets and liabilities is as follows (in thousands): December 31, 2022 2021 Deferred tax assets: Investment in partnership $ 93,923 $ 64,335 Tax Receivable Agreement liability 26,860 19,105 Stock-based compensation 5,402 6,197 Foreign Tax Credit 834 — Other carryforwards 826 — Gross deferred tax assets 127,845 89,637 Valuation allowance (3,952) (14,829) Deferred tax assets, net of valuation allowance 123,893 74,808 Deferred tax liabilities: Property and equipment (382) (701) Other — (343) Gross deferred tax liabilities (382) (1,044) Net deferred tax assets $ 123,511 $ 73,764 The Company evaluates its ability to realize deferred tax assets on a quarterly basis and establishes a valuation allowance when it is more likely than not that all or a portion of a deferred tax asset may not be realized. As of December 31, 2022 and 2021, the Company recognized a deferred tax asset of $93.9 million and $64.3 million, respectively, associated with the basis difference in its investment in FAH, LLC upon acquiring these LLC interests. However, a portion of the total basis difference will only reverse upon the eventual sale of its interest in FAH, LLC, which we expect would result in a capital loss. As of December 31, 2022 and 2021, the Company has a valuation allowance in the amount of $4.0 million and $14.8 million, respectively, against the deferred tax asset. The Company released $11.0 million valuation allowance during the year ended December 31, 2022, related to a discrete benefit on the outside basis deferred tax asset. Uncertain Tax Positions The Company regularly evaluates the likelihood of realizing the benefit from income tax positions that we have taken in various federal, state and foreign filings by considering all relevant facts, circumstances and information available. If the Company determines it is more likely than not that the position will be sustained, a benefit will be recognized at the largest amount that we believe is cumulatively greater than 50% likely to be realized. The following table summarizes changes in the amount of the Company’s unrecognized tax benefits for uncertain tax positions for the three years ended December 31, 2022, 2021 and 2020 (in thousands): Year Ended December 31, 2022 2021 2020 Unrecognized tax benefits at January 1 $ — $ 490 $ 490 Decreases for positions taken in current year — (490) — Unrecognized tax benefits at December 31 $ — $ — $ 490 Of the $0.5 million of unrecognized tax benefits as of December 31, 2020, $0.2 million would impact the effective tax rate if recognized. Interest and penalties related to income tax matters are classified as a component of income tax expense (benefit). As of December 31, 2022, and 2021, we have not recorded any interest or penalties as the amounts were not material. Unrecognized tax benefits are recorded in other long-term liabilities on the consolidated balance sheets. Other Matters The Company files income tax returns in the U.S. federal jurisdiction and various state and foreign jurisdictions. The Company is subject to U.S. federal, state, and local income tax examinations by tax authorities for years after 2018 and subject to examination for all foreign income tax returns for fiscal 2022 and 2021. There was an open tax examination with the California Franchise Tax Board for the tax year 2019 at December 31, 2022. There were no open tax examinations at December 31, 2021. Tax Receivable Agreement The Company is party to the Tax Receivable Agreement with FAH, LLC and each of the Continuing Equity Owners and certain transferees of the Continuing Equity Owners that have been joined as parties to the Tax Receivable Agreement (such parties, "TRA Parties") that provides for the payment by the Company to the Continuing Equity Owners under certain circumstances. See Note 13, Liabilities under Tax Receivable Agreement.

Liabilities under Tax Receivabl

Liabilities under Tax Receivable Agreement	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Liabilities under Tax Receivable Agreement	Liabilities under Tax Receivable Agreement The Company is party to the Tax Receivable Agreement with FAH, LLC and each of the TRA Parties that provides for the payment by the Company to the TRA Parties of 85% of the amount of tax benefits, if any, that it realizes, or in some circumstances, is deemed to realize, as a result of (i) future redemptions funded by the Company or exchanges, or deemed exchanges in certain circumstances, of common units for Class A common stock or cash, and (ii) certain additional tax benefits attributable to payments made under the Tax Receivable Agreement. FAH, LLC will have in effect an election under Section 754 of the Internal Revenue Code effective for each taxable year in which a redemption or exchange (including deemed exchange) of common units for cash or stock occurs. These tax benefit payments are not conditioned upon one or more of the TRA Parties maintaining a continued ownership interest in FAH, LLC. In general, the TRA Parties’ rights under the Tax Receivable Agreement are assignable, including to transferees of common units in FAH, LLC (other than the Company as transferee pursuant to a redemption or exchange of common units in FAH, LLC). The Company expects to benefit from the remaining 15% of the tax benefits, if any, that the Company may realize. The Company is not obligated to make any payments under the Tax Receivable Agreement until the tax benefits associated with the transaction that gave rise to the payment are realized. Amounts payable under the Tax Receivable Agreement are contingent upon, among other things, (i) the generation of future taxable income over the term of the Tax Receivable Agreement and (ii) future changes in tax laws. If the Company does not generate sufficient taxable income in the aggregate over the term of the Tax Receivable Agreement to utilize the tax benefits, then it would not be required to make the related Tax Receivable Agreement payments. During years ended December 31, 2022 and 2021, the Company acquired an aggregate of 6.5 million and 3.9 million common units of FAH, LLC, respectively, in connection with the redemption of common units, which resulted in an increase in the tax basis of our investment in FAH, LLC subject to the provisions of the Tax Receivable Agreement. As a result of these exchanges, during the years ended December 31, 2022 and 2021, the Company recognized an increase to its net deferred tax assets in the amount of $30.6 million and $17.2 million, respectively, and corresponding Tax Receivable Agreement liabilities, representing 85% of the aggregate tax benefits we expect to realize from the tax basis increases related to the redemption of FAH, LLC common units, after concluding it was probable that such Tax Receivable Agreement payments would be paid in the future based on our estimate of future taxable income. There were no transactions subject to the Tax Receivable Agreement for which the Company did not recognize the related liability during the years ended December 31, 2022, 2021 and 2020, as we concluded that it was probable that the Company would have sufficient future taxable income to utilize all of the related tax benefits. The following table summarizes changes in the amount of the Company’s Tax Receivable Agreement liability for the three years ended December 31, 2022, 2021 and 2020 (in thousands): Year Ended December 31, 2022 2021 2020 Beginning Balance $ 82,884 $ 62,318 $ 65,816 Additional liabilities for exchanges 30,034 20,691 1,000 Adjustment to remeasurement of liabilities 3,987 1,590 87 Payments under tax receivable agreement (7,718) (1,715) (4,585) Ending balance $ 109,187 $ 82,884 $ 62,318 The future payments on the Company’s tax receivable agreement liabilities as of December 31, 2022 are expected to be (in thousands): 2023 $ 9,567 2024 6,532 2025 6,651 2026 6,806 2027 6,978 Thereafter 72,653 Total $ 109,187

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies License Agreements The Company enters into license agreements with various licensors of copyrighted and trademarked characters and design in connection with the products that it sells. The agreements generally require royalty payments based on product sales and in some cases may require minimum royalty and other related commitments. The Company is expected to incur $112.3 million in minimum guaranteed royalty payments under licensing arrangements, including $33.8 million in 2023, $42.3 million in 2024 and $36.2 million in 2025. Employment Agreements The Company has employment agreements with certain officers. The agreements include, among other things, an annual bonus based on certain performance metrics of the Company, as defined by the board, and up to one year’s severance pay beyond termination date. Debt The Company has entered into a New Credit Facility which includes a term loan facility and a revolving credit facility. The Company has also entered into an Equipment Finance Loan. See Note 10, Debt. Leases The Company has entered into non-cancellable operating leases for office, warehouse, and distribution facilities, with original lease periods expiring through 2032. Some operating leases also contain the option to renew for five-year periods at prevailing market rates at the time of renewal. In addition to minimum rent, certain of the leases require payment of real estate taxes, insurance, common area maintenance charges, and other executory costs. See Note 11, Leases. Liabilities under Tax Receivable Agreement The Company is party to the Tax Receivable Agreement with FAH, LLC and each of the TRA Parties that provides for the payment by the Company to the TRA Parties under certain circumstances. See Note 13, Liabilities under Tax Receivable Agreement. Legal Contingencies The Company is involved in claims and litigation in the ordinary course of business, some of which seek monetary damages, including claims for punitive damages, which are not covered by insurance. For certain pending matters, accruals have not been established because such matters have not progressed sufficiently through discovery, and/or development of important factual information and legal information is insufficient to enable the Company to estimate a range of possible loss, if any. An adverse determination in one or more of these pending matters could have an adverse effect on the Company’s consolidated financial position, results of operations or cash flows. The Company is, and may in the future become, subject to various legal proceedings and claims that arise in or outside the ordinary course of business. For example, on March 10, 2020, a purported stockholder of the Company filed a putative class action lawsuit in the United States District Court for the Central District of California against the Company and certain of its officers, entitled Ferreira v. Funko, Inc. et al. The original complaint alleged that the Company violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) as well as Rule 10b-5 promulgated thereunder. The lawsuit sought, among other things, compensatory damages and attorneys’ fees and costs. Two additional complaints making substantially similar allegations were filed April 3, 2020 in the United States District Court for the Central District of California and April 9, 2020 in the United States District Court for the Western District of Washington, respectively. On June 11, 2020, the Central District of California actions were consolidated for all purposes into one action under the Ferreira caption, and lead plaintiffs and lead counsel were appointed pursuant to the Private Securities Litigation Reform Act; shortly thereafter, the Western District of Washington action was voluntarily dismissed. Lead plaintiffs filed a consolidated complaint on July 31, 2020, against the Company and certain of its officers and directors, as well as entities affiliated with ACON Funko Investors, L.L.C. (“ACON”). The consolidated complaint added Section 10(b) and 20(a) claims based on the Company’s earnings announcement and Quarterly Report on Form 10-Q for the quarter ended June 30, 2019, as well as claims under Section 20A of the Exchange Act. All defendants moved to dismiss the consolidated action, and the Court granted all defendants’ motions to dismiss the Ferreira action on February 25, 2021, allowing the lead plaintiffs leave to amend the complaint. Lead plaintiffs filed an amended complaint on March 29, 2021, and all defendants moved to dismiss. On October 25, 2021, the Court issued an order granting defendants’ motion in part and denying the motion in part. On May 3, 2022, the parties agreed in principle to settle the litigation. The Court granted preliminary approval of the settlement on July 17, 2022, and granted final approval on November 7, 2022. The cost of settlement was paid by the Company’s director and officer liability insurance. Several stockholder derivative actions based on the earnings announcement and Quarterly Report on Form 10-Q for the quarter ended September 30, 2019 have been brought on behalf of the Company against certain of its directors and officers. Specifically, on April 23, June 5, and June 10, 2020, the actions captioned Cassella v. Mariotti et al. , Evans v. Mariotti et al. , and Igelido v. Mariotti et al. , respectively, were filed in the United States District Court for the Central District of California. On July 6, 2020, these three actions were consolidated for all purposes into one action under the title In re Funko, Inc. Derivative Litigation , and on August 13, 2020, the consolidated action was stayed pending final resolution of the motion to dismiss in the Ferreira action. On May 9, 2022, another complaint, asserting substantially similar claims, was filed in the U.S. District Court for the Central District of California, captioned Smith v. Mariotti , et al. The Company’s response to the complaints in both the consolidated action and Smith v. Mariotti are scheduled to be submitted o n March 10, 2023. On June 11, 2021, a purported stockholder filed a related derivative action, captioned Silverberg v. Mariotti, et al. , in the Court of Chancery of the State of Delaware. On July 5, 2022, two purported stockholders filed an additional derivative action in the Court of Chancery, captioned Fletcher, et al. v. Mariotti . That complaint also asserts claims arising out of same issues and events as the Silverberg litigation and the derivative actions pending in the Central District of California. Additionally, between November 16, 2017 and June 12, 2018, seven purported stockholders of the Company filed putative class action lawsuits in the Superior Court of Washington in and for King County against the Company, certain of its officers and directors, ACON, Fundamental Capital, LLC and Funko International, LLC (collectively, “Fundamental”), the underwriters of its IPO, and certain other defendants. On July 2, 2018, the suits were ordered consolidated for all purposes into one action under the title In re Funko, Inc. Securities Litigation . On August 1, 2018, plaintiffs filed a consolidated complaint against the Company, certain of its officers and directors, ACON, Fundamental, and certain other defendants. The Company moved twice, and the Court twice granted the Company's motions to dismiss, the second time with prejudice. Plaintiffs appealed, and on November 1, 2021, the Court of Appeals reversed the trial court’s dismissal decision in most respects. On May 4, 2022, the Washington State Supreme Court denied the Company’s petition, and the case was remanded to the Superior Court for further proceedings. The Company filed its answer on September 19, 2022 and discovery is currently ongoing. On June 4, 2018, a putative class action lawsuit entitled Kanugonda v. Funko, Inc., et al. was filed in the United States District Court for the Western District of Washington against the Company, certain of its officers and directors, and certain other defendants. On January 4, 2019, a lead plaintiff was appointed in that case. On April 30, 2019, the lead plaintiff filed an amended complaint against the previously named defendants. The Company must respond to the Compliant in the federal action, now captioned Berkelhammer v. Funko, Inc. et al. , by March 13, 2023. The cases in Washington state court and Berkelhammer v. Funko, Inc. et al. allege that the Company violated Sections 11, 12, and 15 of the Securities Act of 1933, as amended, by making allegedly materially misleading statements in documents filed with the U.S. Securities and Exchange Commission in connection with the Company’s IPO and by omitting material facts necessary to make the statements made therein not misleading. The lawsuits seek, among other things, compensatory statutory damages and rescissory damages in account of the consideration paid for the Company’s Class A common stock by the plaintiffs and members of the putative class, as well as attorneys’ fees and costs. On January 18, 2022, a purported stockholder filed a putative class action lawsuit in the Court of Chancery of the State of Delaware, captioned Shumacher v. Mariotti, et al. , relating to the Company’s corporate “Up-C” structure and bringing direct claims for breach of fiduciary duties against certain current and former officers and directors. On March 31, 2022, the defendants moved to dismiss the action. In response to defendants’ motion to dismiss. Plaintiff filed an Amended Complaint on May 25, 2022. The amendment did not materially change the claims at issue, and the Defendants again moved to dismiss on July 29, 2022. On December 15, 2022, Plaintiff opposed the Defendants’ motion to dismiss, and also moved for attorneys’ fees. Briefing on the motion to dismiss was completed on February 8, 2023; briefing on Plaintiff’s fee application is expected to be completed on March 10, 2023. The Company is party to additional legal proceedings incidental to its business. While the outcome of these additional matters could differ from management’s expectations, the Company does not believe that the resolution of such matters is reasonably likely to have a material effect on its results of operations or financial condition.

Segments

Segments	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Segments	Segments The Company identifies its segments according to how the business activities are managed and evaluated and for which discrete financial information is available and for which is regularly reviewed by its Chief Operating Decision Maker (“CODM”) to allocate resources and assess performance. Because its CODM reviews financial performance and allocates resources at a consolidated level on a regular basis, the Company has one segment. The following table presents summarized product information as a percent of sales: Year ended December 31, 2022 2021 2020 Core Collectibles 75.5 % 79.8 % 80.8 % Loungefly Branded Products 19.1 % 14.7 % 14.7 % Other 5.4 % 5.6 % 4.5 % The following tables present summarized geographical information (in thousands): Year ended December 31, 2022 2021 2020 Net sales: United States $ 966,748 $ 743,846 $ 488,823 Europe 262,602 214,732 111,997 Other International 93,356 70,715 51,717 Total net sales $ 1,322,706 $ 1,029,293 $ 652,537 December 31, 2022 2021 Long-lived assets: United States $ 131,549 $ 81,022 Vietnam and China 28,811 16,701 United Kingdom 21,056 26,500 Total long-lived assets $ 181,416 $ 124,223

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
Related Party Transactions	Related Party TransactionsThe Company sells products to Forbidden Planet, a U.K. retailer through its wholly owned subsidiary Funko UK, Ltd. One of the investors in Forbidden Planet is an employee of Funko UK, Ltd. and an executive officer. For the years ended December 31, 2022, 2021 and 2020, the Company recorded approximately $1.6 million, $0.8 million and $2.0 million, respectively, in net sales from business with Forbidden Planet. At December 31, 2022 and 2021, accounts receivable from Forbidden Planet were $0.2 million and $0.4 million on the consolidated balance sheets, respectively.In February 2019, in connection with the Forrest-Pruzan Acquisition, the Company assumed two leases of office space with Roll and Move, LLC and Roll and Move II LLC, both of which are owned by certain former owners of Forrest-Pruzan Creative LLC, one of whom remains an employee of the Company. In 2022, the Company leased another space with the same landlord. For the years ended December 31, 2022, 2021 and 2020, the Company recorded $0.3 million, $0.3 million and $0.2 million, of rental expense related to the leases, which was recorded in selling, general and administrative expenses in the Company’s consolidated statements of operations.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit PlansWe currently maintain the Funko 401(k) Plan, a defined contribution retirement and savings plan, for the benefit of our employees, including our named executive officers, who satisfy certain eligibility requirements. Our named executive officers are eligible to participate in the 401(k) Plan on the same terms as other full-time employees. The Code allows eligible employees to defer a portion of their compensation, within prescribed limits, on a pre-tax basis through contributions to the 401(k) Plan. Currently, we match contributions made by participants in the 401(k) Plan up to 4% of the employee earnings, and these matching contributions are fully vested as of the date on which the contribution is made. We believe that providing a vehicle for tax-deferred retirement savings though our 401(k) Plan, and making fully vested matching contributions, adds to the overall desirability of our compensation package and further incentivizes our employees, including our named executive officers, in accordance with our compensation policies. The Company’s employer matching contributions were $3.0 million, $1.8 million and $1.5 million for the years ended December 31, 2022, 2021 and 2020, respectively.

Stockholder's Equity

Stockholder's Equity	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Stockholder's Equity	Stockholders’ Equity The Amended and Restated Certificate of Incorporation authorizes the issuance of up to 200,000,000 shares of Class A common stock, up to 50,000,000 shares of Class B common stock and 20,000,000 shares of preferred stock, each having a par value of $0.0001 per share. Shares of Class A common stock have both economic and voting rights. Shares of Class B common stock have no economic rights, but do have voting rights. Holders of shares of Class A common stock and Class B common stock are entitled to one vote per share on all matters presented to stockholders. The Company’s board of directors has the discretion to determine the rights, preferences, privileges, restrictions and liquidation preferences of any series of preferred stock. FAH, LLC Recapitalization The FAH LLC Agreement, among other things, appointed the Company as FAH, LLC’s sole managing member and reclassified all outstanding membership interests in FAH, LLC as non-voting common units. As the sole managing member of FAH, LLC, the Company controls the management of FAH, LLC. As a result, the Company consolidates FAH, LLC’s financial results and reports a non-controlling interest related to the economic interest of FAH, LLC held by the Continuing Equity Owners. The Amended and Restated Certificate of Incorporation and the FAH LLC Agreement requires FAH, LLC and the Company to, at all times, maintain (i) a one-to-one ratio between the number of shares of Class A common stock issued by the Company and the number of common units owned by the Company and (ii) a one-to-one ratio between the number of shares of Class B common stock owned by the Continuing Equity Owners and the number of common units owned by the Continuing Equity Owners (other than common units issuable upon the exercise of options and common units that are subject to time-based vesting requirements (the “Excluded Common Units”)). The Company may issue shares of Class B common stock only to the extent necessary to maintain the one-to-one ratio between the number of common units of FAH, LLC held by the Continuing Equity Owners (other than the Excluded Common Units) and the number of shares of Class B common stock issued to the Continuing Equity Owners. Shares of Class B common stock are transferable only together with an equal number of common units of FAH, LLC. Only permitted transferees of common units held by the Continuing Equity Owners will be permitted transferees of Class B common stock. The Continuing Equity Owners may from time to time at each of their options (subject, in certain circumstances, to time-based vesting requirements) require FAH, LLC to redeem all or a portion of their common units in exchange for, at the Company’s election, newly-issued shares of our Class A common stock on a one-for-one basis or a cash payment equal to a volume weighted average market price of one share of Class A common stock for each common unit redeemed, in each case in accordance with the terms of the FAH LLC Agreement; provided that, at the Company’s election, the Company may effect a direct exchange of such Class A common stock or such cash, as applicable, for such common units. The Continuing Equity Owners may exercise such redemption right for as long as their common units remain outstanding. Simultaneously with the payment of cash or shares of Class A common stock, as applicable, in connection with a redemption or exchange of common units pursuant to the terms of the FAH LLC Agreement, a number of shares of our Class B common stock registered in the name of the redeeming or exchanging Continuing Equity Owner will be cancelled for no consideration on a one-for-one basis with the number of common units so redeemed or exchanged. On May 3, 2022, the Company entered into a common unit subscription agreement with FAH, LLC pursuant to which the Company purchased 4,251,701 newly issued common units in exchange for a capital contribution of approximately $74.0 million (the “Capital Contribution”). Following the Capital Contribution, (i) the common units of FAH, LLC were recapitalized through a reverse unit split in order to maintain a one-to-one ratio between the number of common units owned by the Company and the number of outstanding shares of Class A common stock in accordance with the FAH LLC Agreement, and (ii) approximately 0.9 million outstanding shares of Class B common stock were cancelled. Equity-Based Compensation Funko, Inc. 2017 Incentive Award Plan . On October 23, 2017, the Company adopted the Funko, Inc. 2017 Incentive Award Plan (the “2017 Plan”). The Company reserved a total of 5,518,518 shares of Class A common stock for issuance pursuant to the 2017 Plan. Funko, Inc. 2019 Incentive Award Plan . Effective April 18, 2019, the Company adopted the Funko, Inc. 2019 Incentive Award Plan (the "2019 Plan"). We have also reserved for issuance an aggregate number of shares under the 2019 Plan equal to the sum of (i) 3,000,000 shares of our Class A common stock and (ii) an annual increase on the first day of each calendar year beginning on January 1, 2020 and ending on and including January 1, 2029, equal to the lesser of (A) 2% of the shares of Class A Common Stock outstanding as of the last day of the immediately preceding fiscal year on a fully-diluted basis and (B) such lesser number of shares of Class A common stock as determined by our board of directors. Total shares reserved for issuance under the 2019 plan was 4,111,526 as of December 31, 2022. The number of unissued common shares reserved for future grants under the 2017 Plan and 2019 Plan was 104,984 and 1,024,800, respectively as of December 31, 2022. A summary of stock option activity for the year ended December 31, 2022 is as follows: Funko, Inc. Weighted Aggregate Remaining (in thousands) (in thousands) (years) Outstanding at December 31, 2021 3,242 $ 14.54 $ 15,973 7.61 Granted 991 18.25 — Exercised (120) 12.33 1,042 Forfeited (253) 16.99 905 Outstanding at December 31, 2022 3,860 15.40 3,455 7.21 Options exercisable at December 31, 2022 2,314 $ 14.23 $ 2,239 6.20 Stock options awarded to employees under the 2017 Plan and 2019 Plan are generally granted with an exercise price equal to the closing market price of the Company’s common stock at the date of grant, vest over four years, and have ten years contractual terms. A summary of restricted stock unit activity for the year ended December 31, 2022 is as follows: Funko, Inc. Weighted Average Remaining (in thousands) (years) Unvested at December 31, 2021 2,141 $ 14.18 2.22 Granted 1,143 18.77 Vested (413) 9.39 Forfeited (152) 14.54 Unvested at December 31, 2022 2,719 $ 16.82 2.86 A summary of performance stock unit activity for the year ended December 31, 2022 is as follows: Funko, Inc. Weighted Average Remaining (in thousands) (years) Unvested at December 31, 2021 — $ — 0.00 Granted 67 17.09 Unvested at December 31, 2022 67 $ 17.09 2.00 Performance stock units achievement is at the discretion of the Compensation Committee of the Board of Directors. The number of units subject to future vesting is based on annual Company achieved factors, such as Net Sales and Adjusted EBITDA Margin. Unvested units are expected to vest at the determination date of December 31, 2024. Achievement is estimated at 100% of the units granted as of December 31, 2022. Options to purchase common units in FAH, LLC. In connection with the IPO, existing options to purchase Class A units in FAH, LLC were converted into 555,867 options to purchase common units in FAH, LLC. A summary of FAH, LLC stock option activity for the year ended December 31, 2022 is as follows: FAH, LLC Stock Weighted Aggregate Remaining (in thousands) (in thousands) (years) Outstanding at December 31, 2021 228 $ 0.05 $ 4,278 1.41 Exercised (67) 0.05 1,166 Cancelled (15) — Outstanding at December 31, 2022 146 0.05 1,590 0.41 Options exercisable at December 31, 2022 146 $ 0.05 $ 1,590 0.41 The following table presents information on stock option exercises (in thousands): Year ended December 31, 2022 2021 2020 Cash received for exercise price $ 1,472 $ 3,794 $ 219 Intrinsic value 1,042 2,543 957 Equity-based compensation expense . The Company measures and recognizes expense for its equity-based compensation granted to employees and directors based on the fair value of the awards on the grant date. The fair value of restricted stock units is based on the market price of Class A common stock on the date of grant. The fair value of option awards is estimated at the grant date using the Black-Scholes option pricing model that requires management to apply judgment and make estimates, including: • Volatility —this is estimated based primarily on historical volatilities of a representative group of publicly traded consumer product companies with similar characteristics • Risk-free interest rate —this is the U.S. Treasury rate as of the grant date having a term equal to the expected term of the award • Expected term —represents the estimated period of time until an award is exercised and was calculated based on the simplified method • Dividend yield —the Company does not plan to pay dividends in the foreseeable future For each of the options granted under the 2017 Plan and 2019 Plan, the following were the weighted-average of the option pricing model inputs: Year ended December 31, 2022 2021 2020 Expected term (years) 6.05 6.06 6.05 Expected volatility 63.6 % 48.6 % 45.6 % Risk-free interest rate 2.2 % 1.0 % 0.5 % Dividend yield — % — % — % The weighted-average fair value of stock options granted for the years ended December 31, 2022, 2021 and 2020 was $10.85, $9.26, and $1.90 per share, respectively. Equity-based compensation expense is recognized on a straight-line basis over the vesting period of the award. The Company records equity-based compensation to selling, general and administrative expense on the consolidated statements of operations. Equity-based compensation for the years ended December 31, 2022, 2021 and 2020 was $16.6 million, $13.0 million and $10.1 million, respectively.

Non-controlling Interests

Non-controlling Interests	12 Months Ended
	Dec. 31, 2022
Noncontrolling Interest [Abstract]
Non-controlling Interests	Non-controlling Interests The Company is the sole managing member of FAH, LLC and as a result consolidates the financial results of FAH, LLC. The Company reports a non-controlling interest representing the common units of FAH, LLC held by the Continuing Equity Owners. Changes in Funko, Inc.’s ownership interest in FAH, LLC while Funko, Inc. retains its controlling interest in FAH, LLC will be accounted for as equity transactions. As such, future redemptions or direct exchanges of common units of FAH, LLC by the Continuing Equity Owners will result in a change in ownership and reduce or increase the amount recorded as non-controlling interest and increase or decrease additional paid-in capital when FAH, LLC has positive or negative net assets, respectively. Net (loss) income and comprehensive (loss) income are attributed between Funko, Inc. and noncontrolling interest holders based on each party’s relative economic ownership interest in FAH, LLC. As of December 31, 2022, 2021 and 2020, Funko, Inc. owned 47.2 million, 40.1 million and 35.7 million of FAH, LLC common units, respectively, representing a 91.6%, 77.3% and 69.5% economic ownership interest in FAH, LLC, respectively. Net (loss) income and comprehensive (loss) income of FAH, LLC excludes certain activity attributable to Funko, Inc., including $16.6 million, $13.0 million and $10.0 million of equity-based compensation expense for share-based compensation awards issued by Funko, Inc. for the years ended December 31, 2022, 2021 and 2020, respectively, and $20.5 million of income tax benefit, $14.3 million income tax expense and $0.4 million of income tax benefit for corporate, federal, state and local taxes attributable to Funko, Inc. for the years ended December 31, 2022, 2021 and 2020, respectively.

Earnings per Share

Earnings per Share	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Earnings per Share	Earnings per Share Basic and Diluted (Loss) Earnings per Share Basic (loss) earnings per share of Class A common stock is computed by dividing net (loss) income available to Funko, Inc. by the weighted-average number of shares of Class A common stock outstanding during the period. Diluted (loss) earnings per share of Class A common stock is computed by dividing net (loss) income available to Funko, Inc. by the weighted-average number of shares of Class A common stock outstanding adjusted to give effect to potentially dilutive securities. The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted (loss) earnings per share of Class A common stock: Year Ended December 31, 2022 Year Ended December 31, 2021 Year Ended December 31, 2020 (in thousands, except per share data) Numerator: Net (loss) income $ (5,240) $ 67,854 $ 9,763 Less: net income attributable to non-controlling interests 2,795 23,954 5,802 Net (loss) income attributable to Funko, Inc. — basic $ (8,035) $ 43,900 $ 3,961 Add : Reallocation of net income attributable to non- controlling interests from the assumed exchange of common units of FAH, LLC for Class A common stock — — — Net (loss) income attributable to Funko, Inc. — diluted $ (8,035) $ 43,900 $ 3,961 Denominator: Weighted-average shares of Class A common stock outstanding 44,554,788 38,392,390 35,270,795 Add: Dilutive common units of FAH, LLC that are convertible into Class A common stock — 227,500 304,327 Add: Dilutive Funko, Inc. equity compensation awards — 1,990,728 194,891 Weighted-average shares of Class A common stock outstanding 44,554,788 40,610,618 35,770,013 (Loss) earnings per share of Class A common stock — basic $ (0.18) $ 1.14 $ 0.11 (Loss) earnings per share of Class A common stock — diluted $ (0.18) $ 1.08 $ 0.11 For the years ended December 31, 2022, 2021 and December 31, 2020 an aggregate of 11.6 million, 14.7 million and 19.7 million of potentially dilutive securities, respectively, were excluded from the weighted-average in the computation of diluted (loss) earnings per share of Class A common stock because the effect would have been anti-dilutive. For the years ended December 31, 2022, 2021 and 2020 anti-dilutive securities included 7.0 million, 13.2 million and 15.8 million of common units of FAH, LLC that are convertible into Class A common stock, but were excluded from the computations of diluted (loss) earnings per share because the effect would have been anti-dilutive under the if-converted method. Shares of the Company’s Class B common stock do not participate in the earnings or losses of the Company and are therefore not participating securities. As such, separate presentation of basic and diluted (loss) earnings per share of Class B common stock under the two-class method has not been presented.

Subsequent Event

Subsequent Event	12 Months Ended
	Dec. 31, 2022
Subsequent Events [Abstract]
Subsequent Event	Subsequent EventSubsequent to the year ended December 31, 2022, the Company approved an inventory reduction plan to improve U.S. warehouse operational efficiency. The products were determined to be stated at their net realizable value at December 31, 2022, but were subsequently approved for destruction, and the Company expects an incremental charge for the write-down of products identified to be recorded to cost of sales in the first half of 2023 to be in the range of $30.0 million to $36.0 million.

Schedule I_ Condensed Financial

Schedule I: Condensed Financial Information of Registrant	12 Months Ended
	Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]
Schedule I: Condensed Financial Information of Registrant	Schedule I: Condensed Financial Information of Registrant FUNKO, INC. CONDENSED STATEMENTS OF OPERATIONS (PARENT COMPANY ONLY) Year Ended December 31, 2022 2021 2020 (in thousands) Intercompany revenue $ 564 $ 82 $ 307 Selling, general, and administrative expenses 16,941 13,163 10,269 Total operating expenses 16,941 13,163 10,269 Loss from operations (16,377) (13,081) (9,962) Interest (expense) income, net (168) 3 (36) Tax receivable agreement liability adjustment (3,987) (1,590) (87) Equity in net (loss) income of subsidiaries (8,040) 72,916 13,674 (Loss) income before income taxes (28,572) 58,248 3,589 Income tax (benefit) expense (20,537) 14,348 (372) Net (loss) income $ (8,035) $ 43,900 $ 3,961 See accompanying notes to condensed financial information Schedule I: Condensed Financial Information of Registrant (continued) FUNKO, INC. CONDENSED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (PARENT COMPANY ONLY) Year Ended December 31, 2022 2021 2020 (in thousands) Net (loss) income $ (8,035) $ 43,900 $ 3,961 Other comprehensive (loss) income: Foreign currency translation (loss) gain, net of tax effect of $1,169, $163 and $(274) for the years ended December 31, 2022, 2021 and 2020, respectively (3,681) (544) 927 Reclassification of foreign currency translation gain into net (loss) income $ — $ (96) $ — Comprehensive (loss) income attributable to $ (11,716) $ 43,260 $ 4,888 See accompanying notes to condensed financial information Schedule I: Condensed Financial Information of Registrant (continued) FUNKO, INC. CONDENSED BALANCE SHEETS (PARENT COMPANY ONLY) December 31, 2022 2021 (in thousands, except per share data) Assets Current assets: Cash and cash equivalents $ 911 $ 61,943 Income tax receivable 7,530 — Total current assets 8,441 61,943 Intercompany receivable 119,219 116,746 Deferred tax asset 123,893 74,464 Investment in subsidiaries 225,858 166,054 Total assets $ 477,411 $ 419,207 Liabilities and Stockholders' Equity Current liabilities: Tax payable $ — $ 14,684 Current portion of liabilities under tax receivable agreement 9,567 7,362 Total current liabilities 9,567 22,046 Liabilities under tax receivable agreement, net of current portion 99,620 75,523 Commitments and contingencies Stockholders' equity: Class A common stock, par value $0.0001 per share, 200,000 shares authorized; 47,192 shares and 40,088 shares issued and outstanding as of December 31, 2022 and 2021, respectively 5 4 Class B common stock, par value $0.0001 per share, 50,000 shares authorized; 3,293 shares and 10,691 shares issued and outstanding as of December 31, 2022 and 2021, respectively — 1 Additional paid-in-capital 310,807 252,505 Accumulated other comprehensive (loss) income (2,603) 1,078 Retained earnings 60,015 68,050 Total stockholders' equity 368,224 321,638 Total liabilities and stockholders' equity $ 477,411 $ 419,207 See accompanying notes to condensed financial information Schedule I: Condensed Financial Information of Registrant (continued) FUNKO, INC. CONDENSED STATEMENTS OF CASH FLOWS (PARENT COMPANY ONLY) Year Ended December 31, 2022 2021 2020 (in thousands) Operating Activities Net (loss) income $ (8,035) $ 43,900 $ 3,961 Adjustments to reconcile net (loss) income to net cash (used in) provided by Equity in net loss (income) of subsidiaries 8,040 (72,916) (13,674) Equity-based compensation 16,591 12,994 10,007 Deferred tax expense (benefit) (17,173) (203) 2,792 Tax receivable liability adjustment 3,987 1,590 87 Changes in operating assets and liabilities: Income tax receivable (7,530) 294 3,521 Due from related parties, net (984) 1,351 26,007 Prepaid expenses and other assets (11,019) — — Income taxes payable (14,684) 14,684 — Accrued expenses and other liabilities 11,190 (571) 304 Net cash (used in) provided by operating activities (19,617) 1,123 33,005 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 24,173 5,825 Tax receivable agreement payments (7,718) (1,715) (4,639) Proceeds from exercise of equity-based options 1,472 3,794 41 Net cash provided by financing activities 32,565 26,252 1,227 Net change in cash and cash equivalents (61,032) 27,375 34,232 Cash and cash equivalents at beginning of period 61,943 34,568 336 Cash and cash equivalents at end of period $ 911 $ 61,943 $ 34,568 Supplemental Cash Flow Information Income tax payments $ 18,999 $ 23 $ 2,116 Establishment of liabilities under tax receivable agreement 30,034 20,691 1,000 Issuance of equity instruments for acquisitions 1,487 — — See accompanying notes to condensed financial information Schedule I: Condensed Financial Information of Registrant (continued) FUNKO, INC. NOTES TO CONDENSED FINANCIAL INFORMATION (PARENT COMPANY ONLY) December 31, 2022 1. Organization Funko, Inc. (the “Parent Company”) was formed on April 21, 2017 as a Delaware corporation and is a holding company with no direct operations. The Parent Company's assets consist primarily of cash and cash equivalents, its equity interest in FAH, LLC, and certain deferred tax assets. The Parent Company's cash inflows are primarily from distributions and other transfers from FAH, LLC. The amounts available to the Parent Company to fulfill cash commitments are subject to certain restrictions in FAH, LLC’s Credit Facilities. See Note 10 to the Funko, Inc. consolidated financial statements, appearing elsewhere in this Form 10-K. 2. Basis of Presentation These condensed Parent Company financial statements should be read in conjunction with the consolidated financial statements of Funko, Inc. and its subsidiaries and the accompanying notes thereto, included in this Form 10-K. For purposes of this condensed financial information, the Parent Company's interest in FAH, LLC is recorded based upon its proportionate share of FAH, LLC's net assets (similar to presenting them on the equity method). The Parent Company is the sole managing member of FAH, LLC, and pursuant to the Amended and Restated LLC Agreement of FAH, LLC (the “LLC Agreement”), receives compensation in the form of reimbursements for all costs associated with being a public company. Intercompany revenue consists of these reimbursement payments and is recognized when the corresponding expense to which it relates is recognized. Certain intercompany balances presented in these condensed Parent Company financial statements are eliminated in the consolidated financial statements. For the years ended December 31, 2022, 2021, and 2020, the full amounts of intercompany revenue and equity in net (loss) income of subsidiaries in the Parent Company Statements of Operations were eliminated in consolidation. An intercompany receivable was owed to the Parent Company by FAH, LLC of $119.2 million and $116.7 million as of December 31, 2022 and 2021, respectively. On May 3, 2022, the Parent Company entered into a common unit subscription agreement with FAH, LLC pursuant to which the Parent Company purchased 4,251,701 newly issued common units in exchange for a capital contribution of approximately $74.0 million (the “Capital Contribution”). Following the Capital Contribution, (i) the common units of FAH, LLC were recapitalized through a reverse unit split in order to maintain a one-to-one ratio between the number of common units owned by the Parent Company and the number of outstanding shares of Class A common stock in accordance with the FAH LLC Agreement, and (ii) approximately 0.9 million outstanding shares of Class B common stock were cancelled. Related party amounts that were not eliminated in the consolidated financial statements include the Parent Company's liabilities under the tax receivable agreement, which totaled $109.2 million and $82.9 million as of December 31, 2022 and 2021, respectively. 3. Commitments and Contingencies The Parent Company is party to a tax receivable agreement that provides for the payment by the Parent Company to the TRA Parties of 85% of the amount of any tax benefits that the Parent Company actually realizes, or in some cases is deemed to realize, as a result of certain transactions. See Note 13 to the Funko, Inc. consolidated financial statements, appearing elsewhere in this Form 10-K, for more information regarding the Parent Company's tax receivable agreement. As described in Note 13 to the Funko, Inc. consolidated financial statements, appearing elsewhere in the Form 10-K, amounts payable under the tax receivable agreement are contingent upon, among other things, (i) generation of future taxable income of Funko, Inc. over the term of the tax receivable agreement and (ii) future changes in tax laws. As of December 31, 2022 and 2021, liabilities under the tax receivable agreement totaled $109.2 million and $82.9 million, respectively.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates The preparation of the Company’s consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements as well as the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates and assumptions.
Cash Equivalents	Cash EquivalentsCash equivalents include amounts due from third-party financial institutions for credit and debit card transactions.
Concentrations of Business and Credit Risk	Concentrations of Business and Credit Risk The Company grants credit to its customers on an unsecured basis. The Company monitors the financial health of its customers and will take actions to mitigate a customer's credit risk if a negative financial forecast is expected. As of December 31, 2022 and 2021, the balance of accounts receivable consisted of 11% and 18%, respectively, of amounts owed from the largest customer for the given period. The collection of these receivables has been within the terms of the associated customer agreement. For the years ended December 31, 2022, 2021 and 2020, there was no individual customer that generated net sales over 10%. For the year ended December 31, 2022, 13% of sales were related to the largest license agreement with no other license agreements accounting for more than 10% of sales. For the year ended December 31, 2021, 26% of sales were related to the Company’s two largest license agreements (13% each) with no other license agreements accounting for more than 10% of sales. For the year ended December 31, 2020, 12% and 11% of sales were related to the Company’s two largest license agreements with no other license agreements accounting for more than 10% of sales.
Inventory	InventoryInventory consists primarily of figures, plush, apparel, homewares, accessories, games, vinyl records and other finished goods, and is accounted for using the first-in, first-out (“FIFO”) method. Inventory costs include direct product costs and freight costs. The Company maintains reserves for excess and obsolete inventories to reflect the inventory balance at the lower of cost or net realizable value. The Company estimates obsolescence based on assumptions regarding future demand. This valuation requires us to make judgments, based on currently available information, about the likely method of disposition, such as through sales to customers, or liquidation, and expected recoverable value of each disposition category.
Property and Equipment	Property and Equipment Property and equipment is stated at historical cost, net of accumulated depreciation, and, if applicable, impairment charges. Depreciation of property and equipment is recorded using the straight-line method over the shorter of the estimated useful life of the asset or the lease term. The estimated useful lives of our property and equipment are generally as follows: Asset Lives (in years) Tooling and molds 2 Furniture, fixtures, and warehouse equipment 2 to 7 Computer equipment, software and other 3 to 5 Leasehold improvements Lesser of useful life or term of lease The Company monitors long-lived assets for impairment indicators on an ongoing basis in accordance with U.S. GAAP. If impairment indicators exist, the Company will perform the required impairment analysis by comparing the undiscounted cash flows expected to be generated from the long-lived assets to the related net book values. If the net book value exceeds the undiscounted cash flows, an impairment loss is measured and recognized. An impairment loss is measured as the difference between the net book value and the fair value of the long-lived assets. Fair value is estimated based upon a combination of market and cost approaches, as appropriate. Changes in economic or operating conditions impacting these estimates and assumptions could result in the impairment of the Company's long-lived assets.
Revenue Recognition and Sales Allowance	Revenue Recognition and Sales Allowance Revenue from the sale of Company products is recognized when control of the goods is transferred to the customer, which is upon shipment or upon receipt of finished goods by the customer, depending on the contract terms. The Company routinely enters into arrangements with its customers to provide sales incentives, support customer promotions, and provide allowances for returns and defective merchandise. These sales adjustments require management to make estimates. In making these estimates, management considers all available information including the overall business environment, historical trends and information from customers, such as agreed upon customer contract terms as well as historical experience from the customer. The costs of these programs reduce gross sales in the period the related sale is recognized. The Company adjusts its estimates at least quarterly or when facts and circumstances used in the estimate process change; historically these adjustments have not been material. We have made an accounting policy election to exclude from revenue all taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction and collected by the Company from a customer (for example, sales, use, value-added, and certain excise taxes). We have elected to account for shipping and handling activities that occur after control of the related good transfers as fulfillment activities instead of assessing such activities as performance obligations. Accordingly, shipping and handling activities that are performed by the Company, whether before or after a customer has obtained control of the products, are considered fulfillment costs to satisfy our performance obligation to transfer the products, and are recorded as incurred within cost of sales. We have elected the practical expedient to not recognize a significant financing component for contracts that include payments terms of one year or less. We have also elected the practical expedient permitting expensing of costs to obtain a contract when the expected amortization period is one year or less. Shipping Revenue and Costs Shipping and handling costs include inbound freight costs and the cost to ship product to the customer and are included in cost of sales. Shipping fees billed to customers are included in net sales. Royalties
Advertising and Marketing Costs	Advertising and Marketing CostsAdvertising and marketing costs are expensed when the advertising or marketing event takes place. These costs include the fees to participate in trade shows and Comic-Cons, as well as costs to develop promotional video and other online content created for advertising purposes. The Company enters into cooperative advertising arrangements with customers. The fees related to these arrangements are recorded as a reduction of net sales in the accompanying consolidated statements of income because the Company has determined it does not receive an identifiable benefit and cannot reasonably estimate the fair value of these arrangements.
Product Design and Development Costs	Product Design and Development CostsProduct design and development costs are recognized in selling, general and administrative expenses in the consolidated statements of operations as incurred.
Foreign Currency	Foreign CurrencyWe have international sales and operating expenses that are denominated in local functional currencies. The functional currency of our international subsidiaries is the same as the local currency. Assets and liabilities of these subsidiaries are translated into U.S. dollars at period-end foreign exchange rates, and revenues and expenses are translated at average rates prevailing throughout the period. Translation adjustments are included in other comprehensive income (loss) on the consolidated statements of comprehensive income (loss). Transaction gains and losses including intercompany transactions denominated in a currency other than the functional currency of Funko, Inc. are included in other expense, net on our consolidated statements of operations.
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards In March 2022, the Securities and Exchange Commission issued Staff Accounting Bulletin No. 121, Accounting for Obligations to Safeguard Crypto-Assets an Entity Holds for its Platform Users. Funko, LLC through its wholly-owned subsidiary TokenWave, LLC, operates the Droppp.io platform, to facilitate the buying and selling of its NFTs. The Company has recorded a $11.3 million safeguarding asset and corresponding liability, recorded in other current assets and other current liabilities in the consolidated balance sheets, respectively, based on the fair value of the platform users' accounts at December 31, 2022. This asset (and liability) is remeasured at each reporting period. The Company has not incurred a loss related to its safeguarding of user accounts for the year ended December 31, 2022. There were no other recently adopted accounting standards during the year ended December 31, 2022 that had a material effect on the financial statements.

Significant Accounting Polici_3

Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Schedule of Estimated Useful Lives of Property and Equipment	The estimated useful lives of our property and equipment are generally as follows: Asset Lives (in years) Tooling and molds 2 Furniture, fixtures, and warehouse equipment 2 to 7 Computer equipment, software and other 3 to 5 Leasehold improvements Lesser of useful life or term of lease

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of Purchase Price Allocations	The following table shows the preliminary purchase price allocation for the Mondo consideration and any fair value adjustment made through December 31, 2022 (in thousands): Assets (Liabilities) Acquired (Assumed) Cash $ 37 Accounts receivable 924 Inventory 2,648 Other current assets 2,593 Intangible assets 7,370 Goodwill 5,117 Current liabilities (4,685) Consideration transferred $ 14,004

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The following table presents the balances of goodwill as of 2022 and 2021 (in thousands): Goodwill Balance as of January 1, 2021 $ 125,061 Acquisition 1,662 Foreign currency remeasurement (72) Balance as of December 31, 2021 $ 126,651 Acquisition 5,117 Foreign currency remeasurement (388) Balance as of December 31, 2022 $ 131,380
Schedule of Identified Intangible Assets by Major Class	The following table provides the details of identified intangible assets, by major class, for the periods indicated (in thousands): December 31, 2022 December 31, 2021 Estimated Useful Life (Years) Gross Carrying Amount Accumulated Amortization Intangible Assets, Net Gross Carrying Amount Accumulated Amortization Intangible Assets, Net Intangible assets subject Intellectual property 3 - 20 $ 115,331 $ (41,897) $ 73,434 $ 115,331 $ (36,060) $ 79,271 Trade names 10 - 20 90,728 (30,622) 60,106 83,358 (25,985) 57,373 Customer relationships 3 - 20 71,278 (28,520) 42,758 71,699 (24,912) 46,787 Licensor relationships 10 - 20 10,991 (6,145) 4,846 11,276 (5,186) 6,090 Noncompetition agreements 3 290 (290) — 290 (278) 12 Total $ 288,618 $ (107,474) $ 181,144 $ 281,954 $ (92,421) $ 189,533
Schedule of Future Five Year Amortization of Intangible Assets	The future five-year amortization of intangibles subject to amortization at December 31, 2022 was as follows (in thousands): Amortization 2023 $ 15,531 2024 15,511 2025 15,511 2026 15,511 2027 14,362 Thereafter 104,718 Total $ 181,144

Accounts Receivable, Net (Table

Accounts Receivable, Net (Tables)	12 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
Schedule of Accounts Receivable, Net	Accounts receivable, net consisted of the following (in thousands): December 31, 2022 2021 Accounts receivable $ 175,484 $ 190,844 Less: Allowance for doubtful accounts (7,589) (3,156) Accounts receivable, net $ 167,895 $ 187,688
Schedule of Activity in Allowance for Doubtful Accounts	Activity in our allowance for doubtful accounts was as follows (in thousands): December 31, 2022 2021 Allowance for doubtful accounts - beginning $ 3,156 $ 3,580 Charged to costs 6,127 895 Write offs (1,694) (1,319) Allowance for doubtful accounts - ending $ 7,589 $ 3,156

Prepaid Expenses and Other Cu_2

Prepaid Expenses and Other Current Assets (Tables)	12 Months Ended
	Dec. 31, 2022
Prepaid Expense and Other Assets, Current [Abstract]
Schedule of Prepaid Expenses and Other Current Assets	Prepaid expenses and other current assets consisted of the following (in thousands): December 31, 2022 2021 Prepaid deposits for inventory and molds $ 2,500 $ 1,111 Prepaid royalties, net 12,985 4,746 Crypto asset safeguarding asset 11,271 — Other prepaid expenses and current assets 12,892 9,068 Prepaid expenses and other current assets $ 39,648 $ 14,925

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment, Net	Property and equipment, net consisted of the following (in thousands): December 31, 2022 2021 Tooling and molds $ 145,021 $ 119,915 Leasehold improvements 68,160 44,112 Computer equipment, software and other 15,315 13,007 Furniture, fixtures and warehouse equipment 24,714 12,177 Construction in progress 7,348 7,194 $ 260,558 $ 196,405 Less: Accumulated depreciation (158,326) (137,577) Property and equipment, net $ 102,232 $ 58,828

Accrued Expenses and Other Cu_2

Accrued Expenses and Other Current Liabilities (Tables)	12 Months Ended
	Dec. 31, 2022
Accrued Liabilities And Other Current Liabilities [Abstract]
Schedule of Accrued Expenses and Other Current Liabilities	Accrued expenses and other current liabilities consisted of the following (in thousands): December 31, 2022 2021 Accrued payroll and compensation $ 25,146 $ 23,439 Accrued shipping & freight costs 21,698 42,649 Accrued sales taxes 1,377 1,978 Current liabilities under tax receivable agreement 9,567 7,362 Crypto asset safeguarding liability 11,271 — Other current liabilities 43,773 45,839 Accrued liabilities and other current liabilities $ 112,832 $ 121,267

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Schedule of Debt	Debt consists of the following (in thousands): December 31, 2022 2021 Revolving Credit Facility $ 70,000 $ — Term Loan Facility 157,500 175,500 Equipment Finance Loan 20,000 — Debt issuance costs (1,681) (2,287) Total term debt 175,819 173,213 Less: current portion 22,041 17,395 Long-term debt, net $ 153,778 $ 155,818
Schedule of Maturities of Long-term Debt	Maturities of long-term debt for each of the next five years and thereafter are as follows (in thousands): Term Facilities 2023 $ 22,581 2024 22,850 2025 23,134 2026 108,935 Total $ 177,500

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Schedule of Lessee, Operating Lease, Liability, Maturity	The future payments on the Company’s operating lease liabilities as of December 31, 2022 were as follows (in thousands): 2023 $ 19,510 2024 17,678 2025 16,742 2026 17,053 2027 12,572 Thereafter 41,644 Total lease payments 125,199 Less: imputed interest (23,939) Total $ 101,260

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of Income Before Income Taxes	(Loss) income before income taxes consisted of (in thousands): Year Ended December 31, 2022 2021 2020 Domestic $ (39,077) $ 72,758 $ 4,149 Foreign 16,036 12,157 7,639 (Loss) income before income taxes $ (23,041) $ 84,915 $ 11,788
Schedule of Income Tax Expense	The components of the Company’s income tax expense (benefit) consisted of the following (in thousands): Year Ended December 31, 2022 2021 2020 Current income taxes: Federal $ (4,766) $ 12,894 $ (3,030) State and local 1,629 1,825 59 Foreign 2,750 2,703 1,673 Current income taxes $ (387) $ 17,422 $ (1,298) Deferred income taxes: Federal $ (11,227) $ (185) $ 2,585 State and local (5,945) (18) 206 Foreign (242) (158) 532 Deferred income taxes (17,414) (361) 3,323 Income tax (benefit) expense $ (17,801) $ 17,061 $ 2,025
Schedule of Reconciliation of Income Tax Expense	A reconciliation of income tax expense (benefit) from operations computed at the U.S. federal statutory income tax rate to the Company’s effective income tax rate are as follows: Year Ended December 31, 2022 2021 2020 Expected U.S. federal income taxes at statutory rate 21.0 % 21.0 % 21.0 % State and local income taxes, net of federal benefit 20.2 1.7 2.5 Foreign taxes (9.9) 2.5 18.7 Foreign tax credit 11.7 — (9.3) Non-deductible expenses (2.1) (1.1) 1.6 Change in valuation allowance 47.2 2.3 5.4 Non-controlling interest 2.6 (6.0) (12.7) Share-based compensation (19.8) 0.1 5.1 Return to provision 4.9 1.5 (15.1) Other, net 1.5 (1.9) — Income tax (benefit) expense 77.3 % 20.1 % 17.2 %
Schedule of Deferred Tax Assets and Liabilities	The significant items comprising deferred tax assets and liabilities is as follows (in thousands): December 31, 2022 2021 Deferred tax assets: Investment in partnership $ 93,923 $ 64,335 Tax Receivable Agreement liability 26,860 19,105 Stock-based compensation 5,402 6,197 Foreign Tax Credit 834 — Other carryforwards 826 — Gross deferred tax assets 127,845 89,637 Valuation allowance (3,952) (14,829) Deferred tax assets, net of valuation allowance 123,893 74,808 Deferred tax liabilities: Property and equipment (382) (701) Other — (343) Gross deferred tax liabilities (382) (1,044) Net deferred tax assets $ 123,511 $ 73,764
Schedule of Income Tax Contingencies	The following table summarizes changes in the amount of the Company’s unrecognized tax benefits for uncertain tax positions for the three years ended December 31, 2022, 2021 and 2020 (in thousands): Year Ended December 31, 2022 2021 2020 Unrecognized tax benefits at January 1 $ — $ 490 $ 490 Decreases for positions taken in current year — (490) — Unrecognized tax benefits at December 31 $ — $ — $ 490

Liabilities under Tax Receiva_2

Liabilities under Tax Receivable Agreement (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of Tax Receivable Agreement Liability	The following table summarizes changes in the amount of the Company’s Tax Receivable Agreement liability for the three years ended December 31, 2022, 2021 and 2020 (in thousands): Year Ended December 31, 2022 2021 2020 Beginning Balance $ 82,884 $ 62,318 $ 65,816 Additional liabilities for exchanges 30,034 20,691 1,000 Adjustment to remeasurement of liabilities 3,987 1,590 87 Payments under tax receivable agreement (7,718) (1,715) (4,585) Ending balance $ 109,187 $ 82,884 $ 62,318 The future payments on the Company’s tax receivable agreement liabilities as of December 31, 2022 are expected to be (in thousands): 2023 $ 9,567 2024 6,532 2025 6,651 2026 6,806 2027 6,978 Thereafter 72,653 Total $ 109,187

Segments (Tables)

Segments (Tables)	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Schedule of Product Categories as Percent of Sales	The following table presents summarized product information as a percent of sales: Year ended December 31, 2022 2021 2020 Core Collectibles 75.5 % 79.8 % 80.8 % Loungefly Branded Products 19.1 % 14.7 % 14.7 % Other 5.4 % 5.6 % 4.5 %
Schedule of Net Sales and Long-Lived Assets	The following tables present summarized geographical information (in thousands): Year ended December 31, 2022 2021 2020 Net sales: United States $ 966,748 $ 743,846 $ 488,823 Europe 262,602 214,732 111,997 Other International 93,356 70,715 51,717 Total net sales $ 1,322,706 $ 1,029,293 $ 652,537 December 31, 2022 2021 Long-lived assets: United States $ 131,549 $ 81,022 Vietnam and China 28,811 16,701 United Kingdom 21,056 26,500 Total long-lived assets $ 181,416 $ 124,223

Stockholder's Equity (Tables)

Stockholder's Equity (Tables)	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Schedule of Stock Option Activity	A summary of stock option activity for the year ended December 31, 2022 is as follows: Funko, Inc. Weighted Aggregate Remaining (in thousands) (in thousands) (years) Outstanding at December 31, 2021 3,242 $ 14.54 $ 15,973 7.61 Granted 991 18.25 — Exercised (120) 12.33 1,042 Forfeited (253) 16.99 905 Outstanding at December 31, 2022 3,860 15.40 3,455 7.21 Options exercisable at December 31, 2022 2,314 $ 14.23 $ 2,239 6.20 A summary of FAH, LLC stock option activity for the year ended December 31, 2022 is as follows: FAH, LLC Stock Weighted Aggregate Remaining (in thousands) (in thousands) (years) Outstanding at December 31, 2021 228 $ 0.05 $ 4,278 1.41 Exercised (67) 0.05 1,166 Cancelled (15) — Outstanding at December 31, 2022 146 0.05 1,590 0.41 Options exercisable at December 31, 2022 146 $ 0.05 $ 1,590 0.41
Schedule of Restricted Stock Unit Activity	A summary of restricted stock unit activity for the year ended December 31, 2022 is as follows: Funko, Inc. Weighted Average Remaining (in thousands) (years) Unvested at December 31, 2021 2,141 $ 14.18 2.22 Granted 1,143 18.77 Vested (413) 9.39 Forfeited (152) 14.54 Unvested at December 31, 2022 2,719 $ 16.82 2.86
Schedule of Performance Stock Unit Activity	A summary of performance stock unit activity for the year ended December 31, 2022 is as follows: Funko, Inc. Weighted Average Remaining (in thousands) (years) Unvested at December 31, 2021 — $ — 0.00 Granted 67 17.09 Unvested at December 31, 2022 67 $ 17.09 2.00
Schedule of Unvested Common Unit Activity	The following table presents information on stock option exercises (in thousands): Year ended December 31, 2022 2021 2020 Cash received for exercise price $ 1,472 $ 3,794 $ 219 Intrinsic value 1,042 2,543 957
Schedule of Option Pricing Model Inputs	For each of the options granted under the 2017 Plan and 2019 Plan, the following were the weighted-average of the option pricing model inputs: Year ended December 31, 2022 2021 2020 Expected term (years) 6.05 6.06 6.05 Expected volatility 63.6 % 48.6 % 45.6 % Risk-free interest rate 2.2 % 1.0 % 0.5 % Dividend yield — % — % — %

Earnings per Share (Tables)

Earnings per Share (Tables)	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Schedule of Reconciliations of Numerators and Denominators Used to Compute Basic and Diluted Earnings Per Share	The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted (loss) earnings per share of Class A common stock: Year Ended December 31, 2022 Year Ended December 31, 2021 Year Ended December 31, 2020 (in thousands, except per share data) Numerator: Net (loss) income $ (5,240) $ 67,854 $ 9,763 Less: net income attributable to non-controlling interests 2,795 23,954 5,802 Net (loss) income attributable to Funko, Inc. — basic $ (8,035) $ 43,900 $ 3,961 Add : Reallocation of net income attributable to non- controlling interests from the assumed exchange of common units of FAH, LLC for Class A common stock — — — Net (loss) income attributable to Funko, Inc. — diluted $ (8,035) $ 43,900 $ 3,961 Denominator: Weighted-average shares of Class A common stock outstanding 44,554,788 38,392,390 35,270,795 Add: Dilutive common units of FAH, LLC that are convertible into Class A common stock — 227,500 304,327 Add: Dilutive Funko, Inc. equity compensation awards — 1,990,728 194,891 Weighted-average shares of Class A common stock outstanding 44,554,788 40,610,618 35,770,013 (Loss) earnings per share of Class A common stock — basic $ (0.18) $ 1.14 $ 0.11 (Loss) earnings per share of Class A common stock — diluted $ (0.18) $ 1.08 $ 0.11

Schedule I_ Condensed Financi_2

Schedule I: Condensed Financial Information of Registrant (Tables)	12 Months Ended
	Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]
Schedule of Condensed Financial Statements	Year Ended December 31, 2022 2021 2020 (in thousands) Intercompany revenue $ 564 $ 82 $ 307 Selling, general, and administrative expenses 16,941 13,163 10,269 Total operating expenses 16,941 13,163 10,269 Loss from operations (16,377) (13,081) (9,962) Interest (expense) income, net (168) 3 (36) Tax receivable agreement liability adjustment (3,987) (1,590) (87) Equity in net (loss) income of subsidiaries (8,040) 72,916 13,674 (Loss) income before income taxes (28,572) 58,248 3,589 Income tax (benefit) expense (20,537) 14,348 (372) Net (loss) income $ (8,035) $ 43,900 $ 3,961 Year Ended December 31, 2022 2021 2020 (in thousands) Net (loss) income $ (8,035) $ 43,900 $ 3,961 Other comprehensive (loss) income: Foreign currency translation (loss) gain, net of tax effect of $1,169, $163 and $(274) for the years ended December 31, 2022, 2021 and 2020, respectively (3,681) (544) 927 Reclassification of foreign currency translation gain into net (loss) income $ — $ (96) $ — Comprehensive (loss) income attributable to $ (11,716) $ 43,260 $ 4,888 December 31, 2022 2021 (in thousands, except per share data) Assets Current assets: Cash and cash equivalents $ 911 $ 61,943 Income tax receivable 7,530 — Total current assets 8,441 61,943 Intercompany receivable 119,219 116,746 Deferred tax asset 123,893 74,464 Investment in subsidiaries 225,858 166,054 Total assets $ 477,411 $ 419,207 Liabilities and Stockholders' Equity Current liabilities: Tax payable $ — $ 14,684 Current portion of liabilities under tax receivable agreement 9,567 7,362 Total current liabilities 9,567 22,046 Liabilities under tax receivable agreement, net of current portion 99,620 75,523 Commitments and contingencies Stockholders' equity: Class A common stock, par value $0.0001 per share, 200,000 shares authorized; 47,192 shares and 40,088 shares issued and outstanding as of December 31, 2022 and 2021, respectively 5 4 Class B common stock, par value $0.0001 per share, 50,000 shares authorized; 3,293 shares and 10,691 shares issued and outstanding as of December 31, 2022 and 2021, respectively — 1 Additional paid-in-capital 310,807 252,505 Accumulated other comprehensive (loss) income (2,603) 1,078 Retained earnings 60,015 68,050 Total stockholders' equity 368,224 321,638 Total liabilities and stockholders' equity $ 477,411 $ 419,207 Year Ended December 31, 2022 2021 2020 (in thousands) Operating Activities Net (loss) income $ (8,035) $ 43,900 $ 3,961 Adjustments to reconcile net (loss) income to net cash (used in) provided by Equity in net loss (income) of subsidiaries 8,040 (72,916) (13,674) Equity-based compensation 16,591 12,994 10,007 Deferred tax expense (benefit) (17,173) (203) 2,792 Tax receivable liability adjustment 3,987 1,590 87 Changes in operating assets and liabilities: Income tax receivable (7,530) 294 3,521 Due from related parties, net (984) 1,351 26,007 Prepaid expenses and other assets (11,019) — — Income taxes payable (14,684) 14,684 — Accrued expenses and other liabilities 11,190 (571) 304 Net cash (used in) provided by operating activities (19,617) 1,123 33,005 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 24,173 5,825 Tax receivable agreement payments (7,718) (1,715) (4,639) Proceeds from exercise of equity-based options 1,472 3,794 41 Net cash provided by financing activities 32,565 26,252 1,227 Net change in cash and cash equivalents (61,032) 27,375 34,232 Cash and cash equivalents at beginning of period 61,943 34,568 336 Cash and cash equivalents at end of period $ 911 $ 61,943 $ 34,568 Supplemental Cash Flow Information Income tax payments $ 18,999 $ 23 $ 2,116 Establishment of liabilities under tax receivable agreement 30,034 20,691 1,000 Issuance of equity instruments for acquisitions 1,487 — —

Basis of Presentation and Des_2

Basis of Presentation and Description of Business - Additional Information (Detail) - Funko Holdings LLC - Funko Acquisition Holdings, L.L.C.	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Ownership percentage	100%
Funko LLC
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Ownership percentage	100%

Significant Accounting Polici_4

Significant Accounting Policies - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Significant Accounting Policies [Line Items]
Cash equivalents, receivables settlement term	5 days
Cash receivables	$ 1,300,000	$ 1,500,000
Inventory valuation reserves	16,900,000	4,700,000
Cloud computing arrangement costs, amortization	0	0	$ 0
Abandonment charge	32,500,000
Prepaid royalties, net	12,985,000	4,746,000
Prepaid royalties, reserve for unrealized revenue	800,000	700,000
Royalty expense	213,100,000	161,600,000	105,000,000
Selling, general, and administrative expenses	398,272,000	244,331,000	181,234,000
Foreign currency transaction gain (loss)	100,000	0	(400,000)
Crypto asset safeguarding asset	11,271,000	0
Safeguarding liability	11,271,000	0
Prepaid Expenses and Other Current Assets
Significant Accounting Policies [Line Items]
Cloud computing arrangement costs	2,100,000	1,400,000
Other Noncurrent Assets
Significant Accounting Policies [Line Items]
Cloud computing arrangement costs	3,000,000	6,900,000
Advertising and Marketing Costs
Significant Accounting Policies [Line Items]
Selling, general, and administrative expenses	26,700,000	17,100,000	7,700,000
Product Design and Development Cost
Significant Accounting Policies [Line Items]
Selling, general, and administrative expenses	$ 10,200,000	$ 6,800,000	$ 5,100,000
Revenue, Rights Granted | Revenue from Rights Concentration Risk | Largest License Agreement
Significant Accounting Policies [Line Items]
Concentration risk percentage	13%
Revenue, Rights Granted | Revenue from Rights Concentration Risk | Two License Agreements
Significant Accounting Policies [Line Items]
Concentration risk percentage		26%
Revenue, Rights Granted | Revenue from Rights Concentration Risk | License Agreements Two
Significant Accounting Policies [Line Items]
Concentration risk percentage		13%
Revenue, Rights Granted | Revenue from Rights Concentration Risk | License Agreements One
Significant Accounting Policies [Line Items]
Concentration risk percentage		13%
Revenue, Rights Granted | Revenue from Rights Concentration Risk | Largest License Agreement One
Significant Accounting Policies [Line Items]
Concentration risk percentage			12%
Revenue, Rights Granted | Revenue from Rights Concentration Risk | Largest License Agreement Two
Significant Accounting Policies [Line Items]
Concentration risk percentage			11%
Largest Customer | Accounts Receivable | Credit Concentration Risk
Significant Accounting Policies [Line Items]
Concentration risk percentage	11%	18%

Significant Accounting Polici_5

Significant Accounting Policies - Schedule of Estimated Useful Lives of Property and Equipment (Detail)	12 Months Ended
	Dec. 31, 2022
Tooling and molds
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives (in years)	2 years
Minimum | Furniture, fixtures, and warehouse equipment
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives (in years)	2 years
Minimum | Computer equipment, software and other
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives (in years)	3 years
Maximum | Furniture, fixtures, and warehouse equipment
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives (in years)	7 years
Maximum | Computer equipment, software and other
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives (in years)	5 years

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 08, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Goodwill		$ 131,380	$ 126,651	$ 125,061
Mondo Tees Buyer LLC
Business Acquisition [Line Items]
Percentage of voting interests acquired	100%
Cash consideration paid	$ 14,000
Goodwill	5,117
Intangible assets	$ 7,370
Estimated useful life	10 years

Acquisitions - Summary of Asset

Acquisitions - Summary of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 08, 2022	Dec. 31, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Goodwill	$ 131,380		$ 126,651	$ 125,061
Mondo Tees Buyer LLC
Business Acquisition [Line Items]
Cash		$ 37
Accounts receivable		924
Inventory		2,648
Other current assets		2,593
Intangible assets		7,370
Goodwill		5,117
Current liabilities		(4,685)
Consideration transferred		$ 14,004

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Additional Information (Details)	12 Months Ended
	Dec. 31, 2022 USD ($) unit	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Number of reporting units | unit	1
Impairment charges	$ 0	$ 0	$ 0
Impairment of intangible assets indefinite-lived	$ 100,000	$ 100,000
Impairment of intangible asset indefinite lived excluding goodwill statement of income or comprehensive income extensible enumeration not disclosed flag	indefinite-lived assets	indefinite-lived assets
Intangible assets impairment charge	$ 200,000	$ 0	0
Amortization expense	$ 15,400,000	$ 16,200,000	$ 16,000,000

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Goodwill [Roll Forward]
Goodwill, Beginning balance	$ 126,651	$ 125,061
Acquisition	5,117	1,662
Foreign currency remeasurement	(388)	(72)
Goodwill, Ending balance	$ 131,380	$ 126,651

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Schedule of Identified Intangible Assets by Major Class (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 288,618	$ 281,954
Accumulated Amortization	(107,474)	(92,421)
Intangible Assets, Net	181,144	189,533
Intellectual property
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	115,331	115,331
Accumulated Amortization	(41,897)	(36,060)
Intangible Assets, Net	73,434	79,271
Trade names
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	90,728	83,358
Accumulated Amortization	(30,622)	(25,985)
Intangible Assets, Net	60,106	57,373
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	71,278	71,699
Accumulated Amortization	(28,520)	(24,912)
Intangible Assets, Net	42,758	46,787
Licensor relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	10,991	11,276
Accumulated Amortization	(6,145)	(5,186)
Intangible Assets, Net	$ 4,846	6,090
Noncompetition agreements
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (Years)	3 years
Gross Carrying Amount	$ 290	290
Accumulated Amortization	(290)	(278)
Intangible Assets, Net	$ 0	$ 12
Minimum | Intellectual property
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (Years)	3 years
Minimum | Trade names
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (Years)	10 years
Minimum | Customer relationships
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (Years)	3 years
Minimum | Licensor relationships
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (Years)	10 years
Maximum | Intellectual property
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (Years)	20 years
Maximum | Trade names
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (Years)	20 years
Maximum | Customer relationships
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (Years)	20 years
Maximum | Licensor relationships
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (Years)	20 years

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Schedule of Future Five Year Amortization of Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Amortization
2023	$ 15,531
2024	15,511
2025	15,511
2026	15,511
2027	14,362
Thereafter	104,718
Intangible Assets, Net	$ 181,144	$ 189,533

Accounts Receivable, Net - Addi

Accounts Receivable, Net - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Tenant improvement receivable from lessor	$ 1,500	$ 800
Income taxes receivable, current	7,800	300
Bad debt expense	$ 6,127	$ 895	$ 2,400
Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Period past due for trade accounts receivable	30 days
Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Period past due for trade accounts receivable	90 days

Accounts Receivable, Net - Sche

Accounts Receivable, Net - Schedule of Accounts Receivable, Net (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Receivables [Abstract]
Accounts receivable	$ 175,484	$ 190,844
Less: Allowance for doubtful accounts	(7,589)	(3,156)	$ (3,580)
Accounts receivable, net	$ 167,895	$ 187,688

Accounts Receivable, Net - Sc_2

Accounts Receivable, Net - Schedule of Activity in Allowance for Doubtful Accounts (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Allowance For Doubtful Accounts [Roll Forward]
Allowance for doubtful accounts - beginning	$ 3,156	$ 3,580
Charged to costs	6,127	895	$ 2,400
Write offs	(1,694)	(1,319)
Allowance for doubtful accounts - ending	$ 7,589	$ 3,156	$ 3,580

Prepaid Expenses and Other Cu_3

Prepaid Expenses and Other Current Assets - Summary of Prepaid Expenses and Other Current Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Prepaid Expense and Other Assets, Current [Abstract]
Prepaid deposits for inventory and molds	$ 2,500	$ 1,111
Prepaid royalties, net	12,985	4,746
Crypto asset safeguarding asset	11,271	0
Other prepaid expenses and current assets	12,892	9,068
Prepaid expenses and other current assets	$ 39,648	$ 14,925

Property and Equipment, Net - S

Property and Equipment, Net - Schedule of Property and Equipment, Net (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 260,558	$ 196,405
Less: Accumulated depreciation	(158,326)	(137,577)
Property and equipment, net	102,232	58,828
Tooling and molds
Property, Plant and Equipment [Line Items]
Property and equipment, gross	145,021	119,915
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	68,160	44,112
Computer equipment, software and other
Property, Plant and Equipment [Line Items]
Property and equipment, gross	15,315	13,007
Furniture, fixtures and warehouse equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	24,714	12,177
Construction in progress
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 7,348	$ 7,194

Property and Equipment, Net - A

Property and Equipment, Net - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 32.2	$ 25	$ 28.3

Accrued Expenses and Other Cu_3

Accrued Expenses and Other Current Liabilities - Schedule of Accrued Expenses and Other Current Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Accrued Liabilities And Other Current Liabilities [Abstract]
Accrued payroll and compensation	$ 25,146	$ 23,439
Accrued shipping & freight costs	21,698	42,649
Accrued sales taxes	1,377	1,978
Current liabilities under tax receivable agreement	9,567	7,362
Safeguarding liability	11,271	0
Other current liabilities	43,773	45,839
Accrued liabilities and other current liabilities	$ 112,832	$ 121,267

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Safeguarding liability	$ 11,271	$ 0
Crypto asset safeguarding asset	11,271	0
Secured debt	20,000	0
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	500	56,900
Level 1 | Fair Value Measurements Recurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Safeguarding liability	11,300
Crypto asset safeguarding asset	11,300
Funko Acquisition Holdings, L.L.C. | Level 3 | Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated fair values of debt instruments	177,500	175,500
Secured debt	$ 175,800	$ 173,200

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Line of credit	$ 70,000	$ 0
Term Loan Facility	20,000	0
Debt issuance costs	(1,681)	(2,287)
Total term debt	175,819	173,213
Less: current portion	22,041	17,395
Long-term debt, net	153,778	155,818
Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit	70,000	0
Term Loan Facility
Debt Instrument [Line Items]
Term Loan Facility	$ 157,500	$ 175,500

Debt - Schedule of Maturities o

Debt - Schedule of Maturities of Long-term Debt (Detail) $ in Thousands	Dec. 31, 2022 USD ($)
Debt Disclosure [Abstract]
2023	$ 22,581
2024	22,850
2025	23,134
2026	108,935
Total	$ 177,500

Debt - Additional Information (

Debt - Additional Information (Detail)

1 Months Ended

12 Months Ended

Feb. 27, 2023 USD ($)

Nov. 25, 2022 USD ($)

Sep. 17, 2021 USD ($) step_down

Sep. 23, 2019 USD ($)

Oct. 22, 2018 USD ($)

Sep. 30, 2021 USD ($)

Dec. 31, 2022 USD ($)

Dec. 31, 2021 USD ($)

Dec. 31, 2020 USD ($)

Dec. 31, 2023 USD ($)

Feb. 26, 2023 USD ($)

Jul. 29, 2022 USD ($)

Feb. 11, 2019 USD ($)

Debt Instrument [Line Items]

Number of spread | step_down

2

Secured debt

$ 20,000,000

$ 0

Line of credit

70,000,000

0

Letters of credit outstanding

0

0

Interest rate decrease

0.75%

Loss on extinguishment of debt

0

675,000

$ 0

SONIA Rate

Debt Instrument [Line Items]

Interest rate margins

2.50%

Prime Rate

Debt Instrument [Line Items]

Interest rate margins

1.50%

Step down percent

0.25%

Interest rate

0%

Revolving Credit Facility

Debt Instrument [Line Items]

Line of credit

70,000,000

0

New Term Loan Facility

Debt Instrument [Line Items]

Secured debt

157,500,000

175,500,000

Secured Debt

Debt Instrument [Line Items]

Face amount

$ 180,000,000

$ 235,000,000

Long term debt maturity percentage first and second year

2.50%

5%

Debt instrument accordion feature

$ 25,000,000

Long term debt maturity percentage third and fourth year

10%

Long term debt maturities percentage fifth year

12.50%

Repayments of long-term debt

$ 180,100,000

Loss on extinguishment of debt

$ 700,000

Secured Debt | Swing Rate

Debt Instrument [Line Items]

Interest rate margins

3%

Supplementary leverage ratio

0.25%

Secured Debt | Base Rate

Debt Instrument [Line Items]

Interest rate margins

2%

Secured Debt | Euro Rate

Debt Instrument [Line Items]

Interest rate

1%

Line of Credit | Revolving Credit Facility

Debt Instrument [Line Items]

Line of credit

$ 100,000,000

$ 50,000,000

$ 215,000,000

$ 75,000,000

Line of credit facility, available borrowing capacity

145,000,000

$ 100,000,000

Line of Credit | Revolving Credit Facility | Subsequent Event

Debt Instrument [Line Items]

Line of credit

$ 215,000,000

Line of Credit | Revolving Credit Facility | Third Amendment | Forecast

Debt Instrument [Line Items]

Line of credit

$ 150,000,000

Line of Credit | Revolving Credit Facility | Third Amendment | Subsequent Event

Debt Instrument [Line Items]

Line of credit

$ 180,000,000

Cash requirement, minimum

10,000,000

Mandatory repayment, proceeds threshold

$ 25,000,000

Net leverage ratio

2.50

Debt Instrument fixed charge coverage ratio

1.25

Long-term debt, gross

$ 141,000,000

Line of Credit | Revolving Credit Facility | Term Benchmark Loan Or RFR Loan | Subsequent Event

Debt Instrument [Line Items]

Interest rate margins

4%

Line of Credit | Revolving Credit Facility | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate

Debt Instrument [Line Items]

Interest rate margins

0.10%

Line of Credit | Revolving Credit Facility | Prime Rate | Canadian Prime Loan Or ABR Loan | Subsequent Event

Debt Instrument [Line Items]

Interest rate margins

3%

Line of Credit | Secured Debt | Third Amendment | Subsequent Event

Debt Instrument [Line Items]

Long-term debt, gross

$ 157,500,000

Loans Payable | Equipment Finance Loan

Debt Instrument [Line Items]

Interest rate

5.71%

Long-term debt, gross

$ 20,000,000

$ 20,000,000

Debt instrument term

48 months

Leases (Details)

Leases (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Operating leases, renewal term	5 years
Rent expense	$ 24,500,000	$ 16,500,000	$ 15,300,000
Operating lease, payments	16,000,000	14,400,000
Right-of-use asset obtained in exchange for operating lease liability	54,100,000	4,000,000
Lease incentive	$ 17,200,000	$ 0
Weighted average remaining lease term	7 years 4 months 24 days	7 years
Weighted average discount rate, percent	5.76%	6.22%
Operating lease, impairment loss			1,400,000
Operating lease, liability, period decrease			900,000
Rental income	$ 400,000	$ 300,000	$ 300,000

Leases - Summary of Future Paym

Leases - Summary of Future Payments On Operating Lease Liabilities (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Leases [Abstract]
2023	$ 19,510
2024	17,678
2025	16,742
2026	17,053
2027	12,572
Thereafter	41,644
Total lease payments	125,199
Less: imputed interest	(23,939)
Total	$ 101,260

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income Before Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Domestic	$ (39,077)	$ 72,758	$ 4,149
Foreign	16,036	12,157	7,639
(Loss) income before income taxes	$ (23,041)	$ 84,915	$ 11,788

Income Taxes - Schedule of In_2

Income Taxes - Schedule of Income Tax Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Current income taxes:
Federal	$ (4,766)	$ 12,894	$ (3,030)
State and local	1,629	1,825	59
Foreign	2,750	2,703	1,673
Current income taxes	(387)	17,422	(1,298)
Deferred income taxes:
Federal	(11,227)	(185)	2,585
State and local	(5,945)	(18)	206
Foreign	(242)	(158)	532
Deferred income taxes	(17,414)	(361)	3,323
Income tax (benefit) expense	$ (17,801)	$ 17,061	$ 2,025

Income Taxes - Schedule of Reco

Income Taxes - Schedule of Reconciliation of Income Tax Expense from Operations Computed at U.S. Federal Statutory Income Tax Rate to Effective Income Tax Rate (Detail)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Expected U.S. federal income taxes at statutory rate	21%	21%	21%
State and local income taxes, net of federal benefit	20.20%	1.70%	2.50%
Foreign taxes	(9.90%)	2.50%	18.70%
Foreign tax credit	11.70%	0%	(9.30%)
Non-deductible expenses	(2.10%)	(1.10%)	1.60%
Change in valuation allowance	47.20%	2.30%	5.40%
Non-controlling interest	2.60%	(6.00%)	(12.70%)
Share-based compensation	(19.80%)	0.10%	5.10%
Return to provision	4.90%	1.50%	(15.10%)
Other, net	1.50%	(1.90%)	0%
Income tax (benefit) expense	77.30%	20.10%	17.20%

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets:
Investment in partnership	$ 93,923	$ 64,335
Tax Receivable Agreement liability	26,860	19,105
Stock-based compensation	5,402	6,197
Foreign Tax Credit	834	0
Other carryforwards	826	0
Gross deferred tax assets	127,845	89,637
Valuation allowance	(3,952)	(14,829)
Deferred tax assets, net of valuation allowance	123,893	74,808
Deferred tax liabilities:
Property and equipment	(382)	(701)
Other	0	(343)
Gross deferred tax liabilities	(382)	(1,044)
Net deferred tax assets	$ 123,511	$ 73,764

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Investment in partnership	$ 93,923	$ 64,335
Deferred tax assets, valuation allowance	3,952	14,829
Valuation allowance release	11,000
Unrecognized tax benefits	$ 0	$ 0	$ 490	$ 490
Unrecognized tax benefits that would impact effective tax rate			$ 200

Income Taxes - Schedule of Unre

Income Taxes - Schedule of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Unrecognized tax benefits at January 1	$ 0	$ 490	$ 490
Decreases for positions taken in current year	0	(490)	0
Unrecognized tax benefits at December 31	$ 0	$ 0	$ 490

Liabilities under Tax Receiva_3

Liabilities under Tax Receivable Agreement (Details) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Tax Contingency [Line Items]
Percentage of tax benefit paid to equity owner	85%
Tax benefit percentage expected	15%
FAH LLC
Income Tax Contingency [Line Items]
Equity issued in connection with acquisition prior to Transactions (in shares)	6.5	3.9
Increase in net deferred tax assets	$ 30.6	$ 17.2

Liabilities under Tax Receiva_4

Liabilities under Tax Receivable Agreement - Schedule of Liability Activity (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Liabilities Under Tax Receivable Agreement [Roll Forward]
Beginning Balance	$ 82,884	$ 62,318	$ 65,816
Establishment of liabilities under tax receivable agreement	30,034	20,691	1,000
Adjustment to remeasurement of liabilities	3,987	1,590	87
Payments under tax receivable agreement	(7,718)	(1,715)	(4,585)
Ending balance	$ 109,187	$ 82,884	$ 62,318

Liabilities under Tax Receiva_5

Liabilities under Tax Receivable Agreement - Schedule of Tax Receivable Agreement Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
2023	$ 9,567
2024	6,532
2025	6,651
2026	6,806
2027	6,978
Thereafter	72,653
Total	$ 109,187	$ 82,884	$ 62,318	$ 65,816

Commitments and Contingencies (

Commitments and Contingencies (Detail) $ in Millions				12 Months Ended
	Jul. 05, 2022 lawsuit	Jul. 06, 2020 lawsuit	Jun. 11, 2020 lawsuit	Dec. 31, 2022 USD ($)
Lessee, Lease, Description [Line Items]
Minimum royalty obligations, Total				$ 112.3
Minimum royalty obligations, 2023				33.8
Minimum royalty obligations, 2024				42.3
Minimum royalty obligations, 2025				$ 36.2
Severance payment period				1 year
Operating leases, renewal term				5 years
Nahas v. Funko, Inc. et al. and Dachev v. Funko, Inc. et al.
Lessee, Lease, Description [Line Items]
Number of additional putative class action lawsuits filed | lawsuit			1
Cassella v. Mariotti et al., Evans v. Mariotti et al., and Igelido v. Mariotti et al.
Lessee, Lease, Description [Line Items]
Number of additional putative class action lawsuits filed | lawsuit		3
Fletcher, et al. v. Mariotti
Lessee, Lease, Description [Line Items]
Number of additional putative class action lawsuits filed | lawsuit	2
Funko Acquisition Holdings, L.L.C.
Lessee, Lease, Description [Line Items]
Operating leases, renewal term				5 years

Segments - Additional Informati

Segments - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2022 segment
Segment Reporting [Abstract]
Number of reportable segments	1

Segments - Schedule of Product

Segments - Schedule of Product Categories as Percent of Net Sales (Detail) - Sales Revenue - Product Concentration Risk	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Core Collectibles
Schedule of Property and Equipment Net by Country [Line Items]
Percent of sales	75.50%	79.80%	80.80%
Loungefly Branded Products
Schedule of Property and Equipment Net by Country [Line Items]
Percent of sales	19.10%	14.70%	14.70%
Other
Schedule of Property and Equipment Net by Country [Line Items]
Percent of sales	5.40%	5.60%	4.50%

Segments - Schedule of Net Sale

Segments - Schedule of Net Sales and Long-Lived Assets (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Net sales	$ 1,322,706	$ 1,029,293	$ 652,537
Long-lived assets	181,416	124,223
United States
Segment Reporting Information [Line Items]
Net sales	966,748	743,846	488,823
Long-lived assets	131,549	81,022
Europe
Segment Reporting Information [Line Items]
Net sales	262,602	214,732	111,997
Other International
Segment Reporting Information [Line Items]
Net sales	93,356	70,715	$ 51,717
Vietnam and China
Segment Reporting Information [Line Items]
Long-lived assets	28,811	16,701
United Kingdom
Segment Reporting Information [Line Items]
Long-lived assets	$ 21,056	$ 26,500

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) $ in Millions	1 Months Ended	12 Months Ended
	Feb. 28, 2019 lease	Dec. 31, 2022 USD ($) investor	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Related Party Transaction [Line Items]
Rent expense		$ 24.5	$ 16.5	$ 15.3
Forrest-Pruzan Creative LLC
Related Party Transaction [Line Items]
Number of leases of office space | lease	2
Rent expense		$ 0.3	0.3	0.2
Funko Acquisition Holdings, L.L.C. | Forbidden Planet
Related Party Transaction [Line Items]
Number of investor | investor		1
Related party, net sales		$ 1.6	0.8	$ 2
Related party, accounts receivable		$ 0.2	$ 0.4

Employee Benefit Plans - Additi

Employee Benefit Plans - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Retirement Benefits [Abstract]
Maximum Percentage of employee earnings the employer contributes as a matching contribution in 401(k) plan	4%
Employer matching contributions, amount	$ 3	$ 1.8	$ 1.5

Stockholder's Equity - Addition

Stockholder's Equity - Additional Information (Detail) $ / shares in Units, $ in Millions			12 Months Ended
	May 03, 2022 USD ($) shares	Apr. 18, 2019 shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares	Dec. 31, 2020 USD ($) $ / shares shares	Nov. 01, 2017 vote $ / shares shares	Oct. 23, 2017 shares
Class of Stock [Line Items]
Shares authorized, annual increase, percent		2%
Award vesting period			4 years
Contractual terms			10 years
Options granted, weighted average grant date fair value (in dollars per share) | $ / shares			$ 10.85	$ 9.26	$ 1.90
Equity-based compensation | $			$ 16.6	$ 13	$ 10.1
Unrecognized equity-based compensation expense | $			$ 37
Equity-based compensation costs not yet recognized, remaining weighted average period			2 years 9 months 18 days
2017 Plan
Class of Stock [Line Items]
Common stock, shares reserved for future issuance (in shares)			104,984
2017 Plan | Performance Stock Unit
Class of Stock [Line Items]
Estimated target achievement, percent			100%
2019 Plan
Class of Stock [Line Items]
Common stock reserved for issuance (in shares)			4,111,526
Common stock, shares reserved for future issuance (in shares)			1,024,800
Funko Acquisition Holdings, L.L.C.
Class of Stock [Line Items]
Equity-based compensation | $			$ 16.6	$ 13	$ 10
Funko Acquisition Holdings, L.L.C. | Non- Controlling Interests | FAH LLC
Class of Stock [Line Items]
Agreement stock ratio	1
Common stock, shares outstanding (in shares)	4,251,701
Payment to purchase interest | $	$ 74
Amended and Restated Certificate of Incorporation
Class of Stock [Line Items]
Preferred stock, shares authorized (in shares)						20,000,000
Preferred stock, par value (in dollars per share) | $ / shares						$ 0.0001
IPO | Funko Acquisition Holdings, L.L.C. | Class A Units
Class of Stock [Line Items]
Options to purchase units converted to common units (in shares)			555,867,000
Class A Common Stock
Class of Stock [Line Items]
Common stock, shares authorized (in shares)			200,000,000	200,000,000
Common stock, par value (in dollars per share) | $ / shares			$ 0.0001	$ 0.0001
Number of vote per share | vote						1
Common stock, shares outstanding (in shares)			47,192,000	40,088,000
Common stock, shares issued (in shares)			47,192,000	40,088,000
Class A Common Stock | 2017 Plan
Class of Stock [Line Items]
Common stock reserved for issuance (in shares)							5,518,518
Class A Common Stock | 2019 Plan
Class of Stock [Line Items]
Common stock reserved for issuance (in shares)		3,000,000
Class A Common Stock | Funko Acquisition Holdings, L.L.C.
Class of Stock [Line Items]
Common stock, shares outstanding (in shares)			47,200,000	40,100,000	35,700,000
Class A Common Stock | Funko Acquisition Holdings, L.L.C. | Non- Controlling Interests | FAH LLC
Class of Stock [Line Items]
Agreement stock ratio	1
Class A Common Stock | Amended and Restated Certificate of Incorporation
Class of Stock [Line Items]
Common stock, shares authorized (in shares)						200,000,000
Common stock, par value (in dollars per share) | $ / shares						$ 0.0001
Class B Common Stock
Class of Stock [Line Items]
Common stock, shares authorized (in shares)			50,000,000	50,000,000
Common stock, par value (in dollars per share) | $ / shares			$ 0.0001	$ 0.0001
Number of vote per share | vote						1
Common stock, shares outstanding (in shares)			3,293,000	10,691,000
Shares retired (in shares)	900,000
Common stock, shares issued (in shares)			3,293,000	10,691,000
Class B Common Stock | Funko Acquisition Holdings, L.L.C. | Non- Controlling Interests | FAH LLC
Class of Stock [Line Items]
Agreement stock ratio	1
Class B Common Stock | Amended and Restated Certificate of Incorporation
Class of Stock [Line Items]
Common stock, shares authorized (in shares)						50,000,000
Common stock, par value (in dollars per share) | $ / shares						$ 0.0001

Stockholder's Equity - Schedule

Stockholder's Equity - Schedule of Stock Option Activity (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Funko Acquisition Holdings, L.L.C.
Stock Options
Outstanding beginning (in shares)	228
Exercised (in shares)	(67)
Cancelled (in shares)	(15)
Outstanding ending (in shares)	146	228
Options exercisable (in shares)	146
Weighted Average Exercise Price
Outstanding beginning (in dollars per share)	$ 0.05
Exercised (in dollars per share)	0.05
Outstanding ending (in dollars per share)	0.05	$ 0.05
Weighted Average Exercise Price, Options exercisable (in dollars per share)	$ 0.05
Aggregate Intrinsic Value, Outstanding	$ 4,278
Aggregate Intrinsic Value, Exercised	1,166
Aggregate Intrinsic Value, Outstanding	1,590	$ 4,278
Aggregate Intrinsic Value, Options exercisable	$ 1,590
Remaining Contractual Life, Outstanding	4 months 28 days	1 year 4 months 28 days
Remaining Contractual Life, Options exercisable	4 months 28 days
2017 Plan
Stock Options
Outstanding beginning (in shares)	3,242
Granted (in shares)	991
Exercised (in shares)	(120)
Forfeited (in shares)	(253)
Outstanding ending (in shares)	3,860	3,242
Options exercisable (in shares)	2,314
Weighted Average Exercise Price
Outstanding beginning (in dollars per share)	$ 14.54
Granted (in dollars per share)	18.25
Exercised (in dollars per share)	12.33
Forfeited (in dollars per share)	16.99
Outstanding ending (in dollars per share)	15.40	$ 14.54
Weighted Average Exercise Price, Options exercisable (in dollars per share)	$ 14.23
Aggregate Intrinsic Value, Outstanding	$ 15,973
Aggregate Intrinsic Value, Granted	0
Aggregate Intrinsic Value, Exercised	1,042
Aggregate Intrinsic Value, Forfeited	905
Aggregate Intrinsic Value, Outstanding	3,455	$ 15,973
Aggregate Intrinsic Value, Options exercisable	$ 2,239
Remaining Contractual Life, Outstanding	7 years 2 months 15 days	7 years 7 months 9 days
Remaining Contractual Life, Options exercisable	6 years 2 months 12 days

Stockholder's Equity - Schedu_2

Stockholder's Equity - Schedule of Stock Unit Activity (Detail) - 2017 Plan - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Restricted Stock Unit
Funko, Inc. Restricted Stock Units
Unvested (in shares)	2,141
Granted (in shares)	1,143
Vested (in shares)	(413)
Forfeited (in shares)	(152)
Unvested (in shares)	2,719	2,141
Weighted Average Grant Date Fair Value
Unvested (in dollars per share)	$ 14.18
Granted (in dollars per share)	18.77
Vested (in dollars per share)	9.39
Forfeited (in dollars per share)	14.54
Unvested (in dollars per share)	$ 16.82	$ 14.18
Remaining Contractual Life	2 years 10 months 9 days	2 years 2 months 19 days
Performance Stock Unit
Funko, Inc. Restricted Stock Units
Unvested (in shares)	0
Granted (in shares)	67
Unvested (in shares)	67	0
Weighted Average Grant Date Fair Value
Unvested (in dollars per share)	$ 0
Granted (in dollars per share)	17.09
Unvested (in dollars per share)	$ 17.09	$ 0
Remaining Contractual Life	2 years	0 years

Stockholder's Equity - Schedu_3

Stockholder's Equity - Schedule of Stock Option Exercises Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Equity [Abstract]
Cash received for exercise price	$ 1,472	$ 3,794	$ 219
Intrinsic value	$ 1,042	$ 2,543	$ 957

Stockholder's Equity - Schedu_4

Stockholder's Equity - Schedule of Option Pricing Model Inputs (Detail) - 2017 Plan and 2019 Plan	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Class of Stock [Line Items]
Expected term (years)	6 years 18 days	6 years 21 days	6 years 18 days
Expected volatility	63.60%	48.60%	45.60%
Risk-free interest rate	2.20%	1%	0.50%
Dividend yield	0%	0%	0%

Non-controlling Interests - Add

Non-controlling Interests - Additional Information (Detail) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Noncontrolling Interest [Line Items]
Equity-based compensation	$ 16,600	$ 13,000	$ 10,100
Income tax (benefit) expense	$ (17,801)	$ 17,061	$ 2,025
Class A Common Stock
Noncontrolling Interest [Line Items]
Common stock, shares outstanding (in shares)	47,192	40,088
Funko Acquisition Holdings, L.L.C.
Noncontrolling Interest [Line Items]
Ownership percentage	91.60%	77.30%	69.50%
Equity-based compensation	$ 16,600	$ 13,000	$ 10,000
Income tax (benefit) expense	$ (20,500)	$ 14,300	$ (400)
Funko Acquisition Holdings, L.L.C. | Class A Common Stock
Noncontrolling Interest [Line Items]
Common stock, shares outstanding (in shares)	47,200	40,100	35,700

Earnings per Share - Schedule o

Earnings per Share - Schedule of Reconciliations of Numerators and Denominators Used to Compute Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Numerator:
Net (loss) income	$ (5,240)	$ 67,854	$ 9,763
Less: net income attributable to non-controlling interests	2,795	23,954	5,802
Net (loss) income attributable to Funko, Inc.	(8,035)	43,900	3,961
Add: Reallocation of net income attributable to non- controlling interests from the assumed exchange of common units of FAH, LLC for Class A common stock	0	0	0
Net (loss) income attributable to Funko, Inc. — diluted	$ (8,035)	$ 43,900	$ 3,961
Denominator:
Weighted-average shares of Class A common stock outstanding — basic (in shares)	44,554,788	38,392,390	35,270,795
Add: Dilutive common units of FAH, LLC that are convertible into Class A common stock (in shares)	0	227,500	304,327
Add: Dilutive Funko, Inc. equity compensation awards (in shares)	0	1,990,728	194,891
Weighted-average shares of Class A common stock outstanding — diluted (in shares)	44,554,788	40,610,618	35,770,013
Earnings per share of Class A common stock — basic (in dollars per share)	$ (0.18)	$ 1.14	$ 0.11
Earnings per share of Class A common stock — diluted (in dollars per share)	$ (0.18)	$ 1.08	$ 0.11

Earnings per Share - Additional

Earnings per Share - Additional Information (Detail) - Class A Common Stock - shares shares in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Anti-dilutive shares excluded from weighted-average in computation of diluted earnings per share (in shares)	11.6	14.7	19.7
Funko Acquisition Holdings, L.L.C.
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Anti-dilutive shares excluded from weighted-average in computation of diluted earnings per share (in shares)	7	13.2	15.8

Subsequent Event (Details)

Subsequent Event (Details) - Subsequent Event $ in Millions	2 Months Ended
	Mar. 01, 2023 USD ($)
Minimum
Subsequent Event [Line Items]
Inventory write-down	$ 30
Maximum
Subsequent Event [Line Items]
Inventory write-down	$ 36

Schedule I_ Condensed Financi_3

Schedule I: Condensed Financial Information of Registrant - Condensed Statements of Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Intercompany revenue	$ 1,322,706	$ 1,029,293	$ 652,537
Selling, general, and administrative expenses	398,272	244,331	181,234
Total operating expenses	1,334,626	933,828	628,994
(Loss) income from operations	(11,920)	95,465	23,543
Interest (expense) income, net	10,334	7,167	10,712
Tax receivable agreement liability adjustment	3,987	1,590	87
(Loss) income before income taxes	(23,041)	84,915	11,788
Income tax (benefit) expense	(17,801)	17,061	2,025
Net (loss) income	(5,240)	67,854	9,763
Parent Company
Segment Reporting Information [Line Items]
Intercompany revenue	564	82	307
Selling, general, and administrative expenses	16,941	13,163	10,269
Total operating expenses	16,941	13,163	10,269
(Loss) income from operations	(16,377)	(13,081)	(9,962)
Interest (expense) income, net	(168)	3	(36)
Tax receivable agreement liability adjustment	(3,987)	(1,590)	(87)
Equity in net (loss) income of subsidiaries	(8,040)	72,916	13,674
(Loss) income before income taxes	(28,572)	58,248	3,589
Income tax (benefit) expense	(20,537)	14,348	(372)
Net (loss) income	$ (8,035)	$ 43,900	$ 3,961

Schedule I_ Condensed Financi_4

Schedule I: Condensed Financial Information of Registrant - Condensed Statements of Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Net (loss) income	$ (5,240)	$ 67,854	$ 9,763
Other comprehensive (loss) income:
Comprehensive (loss) income attributable to Funko, Inc.	(11,716)	43,260	4,888
Parent Company
Segment Reporting Information [Line Items]
Net (loss) income	(8,035)	43,900	3,961
Other comprehensive (loss) income:
Foreign currency translation (loss) gain, net of tax effect of $1,169, $163 and $(274) for the years ended December 31, 2022, 2021 and 2020, respectively	(3,681)	(544)	927
Reclassification of foreign currency translation gain into net (loss) income	0	(96)	0
Comprehensive (loss) income attributable to Funko, Inc.	$ (11,716)	$ 43,260	$ 4,888

Schedule I_ Condensed Financi_5

Schedule I: Condensed Financial Information of Registrant - Condensed Statements of Comprehensive Income (Loss) (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Foreign currency translation gain (loss), tax	$ 1,169	$ 163	$ (274)
Parent Company
Segment Reporting Information [Line Items]
Foreign currency translation gain (loss), tax	$ 1,169	$ 163	$ (274)

Schedule I_ Condensed Financi_6

Schedule I: Condensed Financial Information of Registrant - Condensed Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 19,200	$ 83,557
Total current assets	473,172	452,598
Deferred tax asset	123,893	74,412
Total assets	1,091,145	967,503
Current liabilities:
Total current liabilities	361,397	285,011
Liabilities under tax receivable agreement, net of current portion	99,620	75,523
Commitments and contingencies
Stockholders' equity:
Additional paid-in-capital	310,807	252,505
Accumulated other comprehensive (loss) income	(2,603)	1,078
Retained earnings	60,015	68,050
Total stockholders' equity	389,689	396,558	$ 322,445	$ 305,144
Total liabilities and stockholders' equity	1,091,145	967,503
Class A Common Stock
Stockholders' equity:
Common stock, value	5	4
Class B Common Stock
Stockholders' equity:
Common stock, value	0	1
Parent Company
Current assets:
Cash and cash equivalents	911	61,943
Income tax receivable	7,530	0
Total current assets	8,441	61,943
Intercompany receivable	119,219	116,746
Deferred tax asset	123,893	74,464
Investment in subsidiaries	225,858	166,054
Total assets	477,411	419,207
Current liabilities:
Tax payable	0	14,684
Current portion of liabilities under tax receivable agreement	9,567	7,362
Total current liabilities	9,567	22,046
Liabilities under tax receivable agreement, net of current portion	99,620	75,523
Commitments and contingencies
Stockholders' equity:
Additional paid-in-capital	310,807	252,505
Accumulated other comprehensive (loss) income	(2,603)	1,078
Retained earnings	60,015	68,050
Total stockholders' equity	368,224	321,638
Total liabilities and stockholders' equity	477,411	419,207
Parent Company | Class A Common Stock
Stockholders' equity:
Common stock, value	5	4
Parent Company | Class B Common Stock
Stockholders' equity:
Common stock, value	$ 0	$ 1

Schedule I_ Condensed Financi_7

Schedule I: Condensed Financial Information of Registrant - Condensed Balance Sheets (Narrative) (Details) - $ / shares	Dec. 31, 2022	Dec. 31, 2021
Class A Common Stock
Segment Reporting Information [Line Items]
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares outstanding (in shares)	47,192,000	40,088,000
Common stock, shares issued (in shares)	47,192,000	40,088,000
Class B Common Stock
Segment Reporting Information [Line Items]
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares outstanding (in shares)	3,293,000	10,691,000
Common stock, shares issued (in shares)	3,293,000	10,691,000

Schedule I_ Condensed Financi_8

Schedule I: Condensed Financial Information of Registrant - Condensed Statements of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Operating Activities
Net (loss) income	$ (5,240)	$ 67,854	$ 9,763
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Equity-based compensation	16,591	12,994	10,116
Deferred tax expense (benefit)	(17,414)	(361)	3,323
Tax receivable liability adjustment	(3,987)	(1,590)	(87)
Changes in operating assets and liabilities, net of amounts acquired:
Prepaid expenses and other assets	(7,263)	3,700	12,273
Income taxes payable	(15,018)	15,585	(209)
Accrued expenses and other liabilities	(22,841)	63,586	7,902
Net cash (used in) provided by operating activities	(40,134)	87,362	108,739
Investing Activities
Net cash used in investing activities	(78,065)	(27,381)	(18,482)
Financing Activities
Net cash provided by (used in) financing activities	54,639	(28,628)	(63,338)
Net change in cash and cash equivalents	(64,357)	31,302	27,026
Cash and cash equivalents at beginning of period	83,557	52,255	25,229
Cash and cash equivalents at end of period	19,200	83,557	52,255
Supplemental Cash Flow Information
Income tax payments	22,363	1,462	4,167
Establishment of liabilities under tax receivable agreement	30,034	20,691	1,000
Issuance of equity instruments for acquisitions	1,487	0	0
Parent Company
Operating Activities
Net (loss) income	(8,035)	43,900	3,961
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Equity in net loss (income) of subsidiaries	8,040	(72,916)	(13,674)
Equity-based compensation	16,591	12,994	10,007
Deferred tax expense (benefit)	(17,173)	(203)	2,792
Tax receivable liability adjustment	3,987	1,590	87
Changes in operating assets and liabilities, net of amounts acquired:
Income tax receivable	(7,530)	294	3,521
Due from related parties, net	(984)	1,351	26,007
Prepaid expenses and other assets	(11,019)	0	0
Income taxes payable	(14,684)	14,684	0
Accrued expenses and other liabilities	11,190	(571)	304
Net cash (used in) provided by operating activities	(19,617)	1,123	33,005
Investing Activities
Capital contribution to FAH, LLC	(73,980)	0	0
Net cash used in investing activities	(73,980)	0	0
Financing Activities
Tax distribution received from FAH, LLC	38,811	24,173	5,825
Tax receivable agreement payments	(7,718)	(1,715)	(4,639)
Proceeds from exercise of equity-based options	1,472	3,794	41
Net cash provided by (used in) financing activities	32,565	26,252	1,227
Net change in cash and cash equivalents	(61,032)	27,375	34,232
Cash and cash equivalents at beginning of period	61,943	34,568	336
Cash and cash equivalents at end of period	911	61,943	34,568
Supplemental Cash Flow Information
Income tax payments	18,999	23	2,116
Establishment of liabilities under tax receivable agreement	30,034	20,691	1,000
Issuance of equity instruments for acquisitions	$ 1,487	$ 0	$ 0

Schedule I_ Condensed Financi_9

Schedule I: Condensed Financial Information of Registrant - Additional Information (Details) - USD ($) $ in Thousands		12 Months Ended
	May 03, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Penalties and interest accrued		$ 109,187	$ 82,884	$ 62,318	$ 65,816
Percentage of tax benefit paid to equity owner		85%
Class B Common Stock
Segment Reporting Information [Line Items]
Common stock, shares outstanding (in shares)		3,293,000	10,691,000
Shares retired (in shares)	900,000
Parent Company
Segment Reporting Information [Line Items]
Intercompany receivable		$ 119,219	$ 116,746
Penalties and interest accrued		$ 109,200	$ 82,900
Percentage of tax benefit paid to equity owner		85%
Funko Acquisition Holdings, L.L.C. | FAH LLC | Non- Controlling Interests
Segment Reporting Information [Line Items]
Common stock, shares outstanding (in shares)	4,251,701
Payment to purchase interest	$ 74,000
Agreement stock ratio	1
Funko Acquisition Holdings, L.L.C. | Class B Common Stock | FAH LLC | Non- Controlling Interests
Segment Reporting Information [Line Items]
Agreement stock ratio	1