Year Ended December 31, 2021

Year Ended December 31, 2020

Year Ended December 31, 2019

(in thousands, except per share data)

Numerator:

Net income

$

67,854

$

9,763

$

27,820

Less: net income attributable to non-controlling interests

23,954

5,802

16,095

Net income attributable to Funko, Inc. — basic

$

43,900

$

3,961

$

11,725

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 income attributable to Funko, Inc. — diluted

$

43,900

$

3,961

$

11,725

Denominator:

Weighted-average shares of Class A common stock outstanding
— basic

38,392,390

35,270,795

30,897,569

Add: Dilutive common units of FAH, LLC that are convertible into

Class A common stock

227,500

304,327

1,064,145

Add: Dilutive Funko, Inc. equity compensation awards

1,990,728

194,891

964,059

Weighted-average shares of Class A common stock outstanding
— diluted

40,610,618

35,770,013

32,925,773

Earnings per share of Class A common stock — basic

$

1.14

$

0.11

$

0.38

Earnings per share of Class A common stock — diluted

$

1.08

$

0.11

$

0.36