FIGS, Inc.

Listed Company

FIGSCIK 0001846576NYSEAcceleratedApparel & Other Finishd Prods Of Fabrics & Similar MatlDelawareFY ends Dec 31

Period

FY 2025

Revenue

$631.10M

Net Income

$34.25M

Total Assets

$580.00M

Equity

$437.46M

Shares Out

Op. Cash Flow

$61.17M

FIGS$10.32+77.32% · past yearDBEQ Basic

Daily closing prices

Business

FIGS, Inc. is a direct-to-consumer healthcare apparel and lifestyle brand that designs and sells scrubwear, non-scrubwear, and related products for healthcare professionals. The company offers products including scrubs, lab coats, compression socks, footwear, outerwear and loungewear, primarily through its digital platform (website and mobile app), B2B TEAMS business, and physical retail Community Hubs. FIGS operates as a digitally native brand with proprietary fabric technology (FIONx), an ambassador program, and serves a global community across North America, Central/South America, Europe, Asia and the Middle East.

Summary from 10-K filed 2026-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net revenues	631	556	546	506	420
Cost of goods sold	211	180	169	151	118
Gross profit	420	376	377	354	301
Selling	146	142	125	118	82
Marketing	93	89	77	78	59
General and administrative	143	143	141	121	150
Total operating expenses	382	373	343	317	290
Net income from operations	38	2	34	38	11
Interest income	9	11	7	2	—
Other income (expense)	312,000	833,000	−13,000	−647,000	−885,000
Total other income, net	9	12	7	1	−1
Net income before provision for income taxes	47	14	41	39	10
Provision for income taxes	13	12	18	18	19
Net income	34	3	23	21	−10
Basic earnings per share (in USD per share)	0.21	0.02	0.13	0.13	−0.06
Diluted earnings per share (in USD per share)	0.19	0.02	0.12	0.11	−0.06
Weighted-average shares outstanding - basic (in shares)	163	169	168	165	159
Weighted-average shares outstandingdiluted (in shares)	179	180	182	188	159

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	82	86	144	160	195
Short-term investments	219	159	103	0	—
Accounts receivable	6	9	7	7	2
Inventory, net	128	116	119	178	86
Prepaid expenses and other current assets	12	13	12	12	7
Total current assets	447	383	386	357	293
Property and equipment, net	34	35	25	11	8
Operating lease right-of-use assets	57	50	43	15	—
Deferred tax assets	12	12	18	11	10
Investment in equity securities	28	28	0	—	—
Other assets	2	2	1	1	560,000
Total non-current assets	133	127	88	39	18
Total assets	580	510	473	395	312
Accounts payable	18	9	15	21	15
Operating lease liabilities	8	11	8	3	—
Accrued expenses	21	42	8	26	25
Accrued compensation and benefits	17	6	7	3	6
Sales tax payable	4	4	3	3	4
Gift card liability	12	10	8	8	6
Deferred revenue	4	5	2	3	596,000
Returns reserve	4	4	3	3	3
Income tax payable	2	346,000	3	0	4
Total current liabilities	91	90	57	71	62
Operating lease liabilities, non-current	52	42	39	16	—
Other non-current liabilities	182,000	83,000	183,000	176,000	243,000
Total liabilities	143	133	96	87	66
Commitments and contingencies (Note 10)	—	—	—	—	—
Preferred stock par value $0.0001 per share, 100,000,000 shares authorized as of December 31, 2025 and December 31, 2024; zero shares issued and outstanding as of December 31, 2025 and December 31, 2024	0	0	0	0	0
Additional paid-in capital	339	313	315	269	228
Accumulated other comprehensive income	196,000	21,000	5,000	0	—
Retained earnings	99	64	62	39	18
Total stockholders equity	437	377	377	308	246
Total liabilities and stockholders equity	580	510	473	395	312

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income	34	3	23	21	−10
Depreciation and amortization expense	9	7	3	2	1
Deferred income taxes	−544,000	7	−7	−732,000	−4
Non-cash operating lease cost	10	8	3	2	0
Stock-based compensation	27	43	46	38	81
Accretion of discount and accrued interest on available-for-sale securities	−4	−6	−2	0	0
Accounts receivable	2	−1	−603,000	−4	3
Inventory	−12	3	59	−92	−36
Prepaid expenses and other current assets	1	−3	−572,000	−4	−735,000
Other assets	356,000	−737,000	−79,000	−197,000	127,000
Accounts payable	9	−5	−6	6	3
Accrued expenses	−21	34	−19	1	18
Accrued compensation and benefits	12	−2	4	−3	2
Sales tax payable	561,000	556,000	−225,000	−354,000	652,000
Gift card liability	3	1	358,000	2	3
Deferred revenue	−622,000	2	−626,000	2	−1
Returns reserve	298,000	884,000	−469,000	697,000	1
Income tax payable	2	−2	3	−4	4
Operating lease liabilities	−10	−8	−3	−2	0
Other non-current liabilities	99,000	−100,000	7,000	−67,000	243,000
Net cash provided by operating activities	61	81	101	−35	66
Purchases of property and equipment	−8	−17	−16	−5	−3
Purchases of available-for-sale securities	−257	−247	−150	0	0
Maturities of available-for-sale securities	201	197	49	0	0
Purchase of investment in equity securities	−201,000	−28	0	0	—
Net cash used in investing activities	−64	−95	−117	−6	−3
Repurchases of Class A Common Stock	−3	−45	0	0	—
Proceeds from stock option exercises and employee stock purchases	2	438,000	916,000	3	907,000
Tax payments related to net share settlements on restricted stock units	0	0	−246,000	0	−22
Issuance of Class A Common Stock upon vesting of restricted stock	1,000	0	0	—	—
Issuance of Class A Common Stock in exchange for services	0	250,000	0	0	—
Net cash (used in) provided by financing activities	−969,000	−45	670,000	4	76
Effect of foreign currency exchange rate changes on cash and cash equivalents	100,000	0	0	—	—
Net decrease in cash and cash equivalents	−4	−59	−16	−38	139
Cash paid for income taxes, net of refunds received	8	13	21	12	15
Property and equipment included in accounts payable and accrued expenses	67,000	536,000	453,000	19,000	32,000

Filings

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Frequently asked questions

What is FIGS, Inc.'s CIK number?

FIGS, Inc.'s SEC CIK number is 0001846576 (1846576). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find FIGS, Inc.'s SEC filings?

All of FIGS, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did FIGS, Inc. last report earnings?

FIGS, Inc. (FIGS) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-032106). This is FIGS, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is FIGS, Inc.'s most recent earnings 8-K?

FIGS, Inc.'s latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001628280-26-032106. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View FIGS, Inc.'s latest earnings 8-K →
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