A transformable toy which can be automatically transformed despite its appearance in which members are merely pivotably connected as in conventional transformable toys is provided. Front end portions of a first base member and a second base member, as well as rear end portions of the first and second base members, are pivotably connected by first and second link members, respectively. The second base member is urged by an elastic force of a first elastic member, provided on at least one connecting portion, to move forwardly with respect to the first base member. Figure members expressing states differing between first and second configurations are connected to the first base member and the first link member. Connecting portions of figure members have second elastic members acting against the elastic force of the first elastic member and having an elastic force set to be smaller than that of the first elastic member.