Did the company report a net profit or loss for the quarter, and how does that compare to prior periods?
Short answer:
The press‑release does not explicitly state a net‑profit figure for the quarter, but the numbers that are disclosed (gross profit versus SG&A) indicate that Fun Co Inc. incurred a net loss in Q2 2025. In the comparable quarter a year earlier (Q2 2024) the company posted a substantial net profit (the prior‑year figures show a much higher gross profit and a higher gross‑margin, and SG&A was lower).
How we arrived at that conclusion
| Metric (Q2 2025) | Q2 2024 (for comparison) |
|---|---|
| Net sales | $193.5 M |
| Gross profit | $62.0 M (32.1 % margin) |
| SG&A expense | $82.3 M |
| Net income (reported) | Not disclosed |
1. What the numbers imply
- Gross profit vs. SG&A
- Gross profit: $62 M
- SG&A: $82.3 M
- Gross profit: $62 M
Even before accounting for other operating costs, interest, taxes, depreciation/amortization, and any non‑operating items, the company’s SG&A expense exceeds gross profit by roughly $20 M. That alone points to a loss before other expenses.
- Prior‑year context
- In Q2 2024 the company earned $104 M of gross profit on a 42 % margin – a $42 M advantage over the current quarter’s gross profit.
- SG&A was slightly lower (≈ $78 M) in the prior period, while the sales base was also roughly $55 M larger.
- In Q2 2024 the company earned $104 M of gross profit on a 42 % margin – a $42 M advantage over the current quarter’s gross profit.
The combination of lower sales, lower margin, and higher SG&A makes it highly unlikely that the 2025 quarter turned a profit when the 2024 quarter did.
2. What the press release actually says
The excerpt provided stops after the SG&A line and does not contain a “Net income (loss) attributable to shareholders” line or any mention of a net‑profit figure. In a standard SEC Form 10‑Q/10‑K earnings release, the net‑income line appears after the SG&A discussion. Since that line is missing, we cannot cite a concrete profit or loss number.
Thus, based purely on the data supplied, we can only infer a net loss for Q2 2025, contrasting with a net profit (or at least a much stronger profit picture) in Q2 2024.
What this means for investors / analysts
- Financial health: The shift from a solid gross margin (42 % in Q2 2024) to a significantly weaker margin (32 % in Q2 2025) coupled with SG&A outpacing gross profit indicates a deteriorating profitability profile for the quarter.
- Trend: The data suggests a downward trend relative to the prior year—both in top‑line revenue (‑22 % YoY) and margin (‑9.9 percentage‑point drop).
- Next steps: To fully assess the impact, you would need the complete Form 10‑Q or earnings release to see the exact net‑income line, any one‑time items (e.g., impairments, write‑downs, restructuring costs), and the company’s commentary on the causes of the margin compression.
In summary, the information provided points to a quarterly net loss for Funko in Q2 2025, in contrast to a profit‑generating quarter in the same period a year earlier. The exact dollar amount isn’t disclosed in the excerpt you provided.