Funko reported second quarter 2026 net sales of $207.7 million, a 7% increase from the prior year period. The company posted net income of $15.4 million, or $0.27 per diluted share, compared to a net loss of $40.5 million in Q2 2025. Gross margin reached a record 56.6%, significantly boosted by a $25.4 million pre-tax benefit from expected tariff refunds and the release of accrued tariffs. Adjusted EBITDA was $40.9 million, well above guidance, while total debt decreased by approximately $15 million to $201.1 million. Management reiterated full-year net sales growth guidance of flat to up 3% but raised full-year adjusted EBITDA guidance to a range of $100 million to $110 million from the previous $70 million to $80 million estimate. The company operates in the pop culture lifestyle and collectibles industry, designing and distributing licensed merchandise.