FIGS, Inc.(FIGS)Earnings, Financials & Key Ratios

FIGS•NYSE

$14.50

$2.6B mkt cap·76.3× P/E·Price updated May 6, 2026

SectorConsumer Cyclical IndustryApparel Manufacturing Sub-IndustryOutdoor, performance and activewear brands

AboutFIGS, Inc. operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States. It designs and sells healthcare apparel and other non-scrub offerings, such as lab coats, under scrubs, outerwear, activewear, loungewear, compression socks footwear, and masks. It also offers sports bras, performance leggings, tops, super-soft pima cotton tops, vests, and jackets. The company markets and sells its products through its digital platform comprising website and mobile app. FIGS, Inc. was founded in 2013 and is headquartered in Santa Monica, California.Show more

Revenue$631M+13.6%
EBITDA$38M+325.8%
Net Income$34M+1159.2%
EPS (Diluted)0.19+1158.3%
Gross Margin66.53%-1.6%
EBITDA Margin6.04%+274.8%
Operating Margin6.04%+1382.6%
Net Margin5.43%+1008.5%
ROE8.41%+1065.5%
ROIC7.53%+1283.5%
Debt/Equity0.14-2.4%

Technical→

FIGS Key Insights

FIGS, Inc. (FIGS) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓Momentum leader: RS Rating 89 (top 11%)
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 19.1%
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

FIGS Price & Volume

FIGS, Inc. (FIGS) stock price & volume — 10-year historical chart

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FIGS Growth Metrics

FIGS, Inc. (FIGS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-

5 Years19.12%

3 Years7.65%

TTM13.6%

Profit CAGR

10 Years-

5 Years-7.2%

3 Years17.36%

TTM1159.19%

EPS CAGR

10 Years-

5 Years-9.33%

3 Years19.98%

TTM1193.15%

Return on Capital

10 Years16.82%

5 Years7.51%

3 Years6.05%

Last Year8.39%

FIGS Recent Earnings

FIGS, Inc. (FIGS) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 10/12 qtrs (83%)●Beat Revenue 8/12 qtrs (67%)

Q1 2026Latest

Feb 26, 2026

EPS

$0.10

Est $0.02

+400.0%

Revenue

$202M

Est $165M

+22.1%

Q4 2025

Nov 6, 2025

EPS

$0.05

Est $0.02

+150.0%

Revenue

$152M

Est $165M

-8.1%

Q3 2025

Aug 7, 2025

EPS

$0.04

Est $0.02

+100.0%

Revenue

$153M

Est $144M

+6.1%

Q2 2025

May 8, 2025

EPS

$0.00

Est $0.01

+93.7%

Revenue

$125M

Est $119M

+4.6%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q1 2026Latest	Feb 26, 2026	$0.10vs $0.02+400.0%	$202Mvs $165M+22.1%
Q4 2025	Nov 6, 2025	$0.05vs $0.02+150.0%	$152Mvs $165M-8.1%
Q3 2025	Aug 7, 2025	$0.04vs $0.02+100.0%	$153Mvs $144M+6.1%
Q2 2025	May 8, 2025	$0.00vs $0.01+93.7%	$125Mvs $119M+4.6%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
LULULululemon Athletica Inc.Direct Competitor	14.71B	132.04	9.96	4.86%	14.22%	34.71%	0.36
GOOSCanada Goose Holdings Inc.Direct Competitor	553.95M	12.01	16.82	1.09%	1.47%	3.71%	1.33
BIRDAllbirds, Inc.Direct Competitor	34.48M	6.08	-0.51	-25.31%	-51.9%	-108.35%	0.53
WRBYWarby Parker Inc.Direct Competitor	2.7B	22.03	1681.68	13.04%	0.19%	0.45%	0.63
ONONOn Holding AGDirect Competitor	10.7B	36.06	48.47	24.16%	6.76%	13.48%	0.36
HBIHanesbrands Inc.Product Competitor	2.29B	6.47	-7.11	-3.63%	9.59%	73.92%	75.02
UAUnder Armour, Inc.Product Competitor	1.27B	6.25	-13.30	-9.43%	-10.44%	-36.22%	0.69
NKENIKE, Inc.Product Competitor	52.26B	43.88	20.31	-9.84%	5.43%	17.92%	0.83

Compare FIGS vs Peers

FIGS, Inc. (FIGS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs LULU

Most directly comparable listed peer for FIGS.

Scale Benchmark

vs AMZN

Larger-name benchmark to compare FIGS against a more recognizable public peer.

Peer Set

Compare Top 5

vs LULU, GOOS, BIRD, WRBY

FIGS Income Statement

FIGS, Inc. (FIGS) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Sales/Revenue	110.49M	263.11M	419.59M	505.83M	545.65M	555.56M	631.1M
Revenue Growth %	-	138.12%	59.47%	20.55%	7.87%	1.82%	13.6%
Cost of Goods Sold	31.16M	72.89M	118.37M	151.38M	168.68M	179.94M	211.26M
COGS % of Revenue	28.2%	27.7%	28.21%	29.93%	30.91%	32.39%	33.47%
Gross Profit	79.34M▲ 0%	190.22M▲ 139.8%	301.22M▲ 58.4%	354.46M▲ 17.7%	376.96M▲ 6.3%	375.62M▼ 0.4%	419.84M▲ 11.8%
Gross Margin %	71.8%	72.3%	71.79%	70.07%	69.09%	67.61%	66.53%
Gross Profit Growth %	-	139.77%	58.35%	17.67%	6.35%	-0.36%	11.77%
Operating Expenses	79.68M	132.28M	290.24M	316.79M	342.92M	373.36M	288.59M
OpEx % of Revenue	72.12%	50.28%	69.17%	62.63%	62.85%	67.2%	45.73%
Selling, General & Admin	79.68M	132.28M	290.24M	316.79M	342.92M	373.36M	288.59M
SG&A % of Revenue	72.12%	50.28%	69.17%	62.63%	62.85%	67.2%	45.73%
Research & Development	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0
Operating Income	-347K▲ 0%	57.94M▲ 16797.4%	10.98M▼ 81.0%	37.67M▲ 242.9%	34.05M▼ 9.6%	2.27M▼ 93.3%	38.15M▲ 1584.2%
Operating Margin %	-0.31%	22.02%	2.62%	7.45%	6.24%	0.41%	6.04%
Operating Income Growth %	-	16797.41%	-81.04%	242.95%	-9.61%	-93.35%	1584.19%
EBITDA	170K	58.89M	12.41M	39.59M	36.99M	8.96M	38.15M
EBITDA Margin %	0.15%	22.38%	2.96%	7.83%	6.78%	1.61%	6.04%
EBITDA Growth %	-	34538.82%	-78.93%	219.09%	-6.57%	-75.78%	325.8%
D&A (Non-Cash Add-back)	517K	946K	1.42M	1.92M	2.94M	6.69M	0
EBIT	-347K	57.94M	10.1M	37.67M	34.05M	2.27M	0
Net Interest Income	460K	136K	-239K	1.71M	6.78M	11.24M	0
Interest Income	460K	136K	0	1.71M	6.78M	11.24M	8.75M
Interest Expense	0	0	239K	0	0	0	0
Other Income/Expense	459K	136K	-1.12M	1.06M	6.76M	12.07M	9.06M
Pretax Income	112K▲ 0%	58.08M▲ 51753.6%	9.86M▼ 83.0%	38.73M▲ 292.8%	40.81M▲ 5.4%	14.34M▼ 64.9%	47.21M▲ 229.2%
Pretax Margin %	0.1%	22.07%	2.35%	7.66%	7.48%	2.58%	7.48%
Income Tax	0	8.32M	19.41M	17.54M	18.17M	11.62M	12.96M
Effective Tax Rate %	0%	14.32%	196.93%	45.29%	44.53%	81.03%	27.45%
Net Income	112K▲ 0%	49.76M▲ 44326.8%	-9.56M▼ 119.2%	21.19M▲ 321.7%	22.64M▲ 6.8%	2.72M▼ 88.0%	34.25M▲ 1159.2%
Net Margin %	0.1%	18.91%	-2.28%	4.19%	4.15%	0.49%	5.43%
Net Income Growth %	-	44326.79%	-119.21%	321.7%	6.85%	-87.98%	1159.19%
Net Income (Continuing)	112K	49.76M	-9.56M	21.19M	22.64M	2.72M	34.25M
Discontinued Operations	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0
EPS (Diluted)	0.00▲ 0%	0.31▲ 8511.1%	-0.06▼ 118.8%	0.11▲ 289.0%	0.12▲ 9.1%	0.02▼ 87.4%	0.19▲ 1158.3%
EPS Growth %	-	-	-118.77%	289%	9.09%	-87.42%	1158.28%
EPS (Basic)	0.00	0.31	-0.06	0.13	0.13	0.02	0.21
Diluted Shares Outstanding	160.9M	160.9M	164.26M	187.55M	182.41M	180.1M	179.49M
Basic Shares Outstanding	160.9M	160.9M	164.26M	165.27M	168.07M	169.2M	163.46M
Dividend Payout Ratio	-	-	-	-	-	-	-

FIGS Balance Sheet

FIGS, Inc. (FIGS) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Total Current Assets	56.4M	120.31M	293.34M	356.5M	385.66M	382.77M	447.29M
Cash & Short-Term Investments	38.35M	58.13M	195.37M	159.78M	246.69M	245.11M	300.85M
Cash Only	38.35M	58.13M	195.37M	159.78M	144.17M	85.64M	81.98M
Short-Term Investments	0	0	0	0	102.52M	159.47M	218.86M
Accounts Receivable	1.76M	5.78M	2.44M	6.87M	7.47M	8.63M	6.27M
Days Sales Outstanding	5.81	8.02	2.12	4.95	5	5.67	3.63
Inventory	14.3M	49.73M	86.07M	177.98M	119.04M	115.76M	127.97M
Days Inventory Outstanding	167.52	249.06	265.4	429.14	257.58	234.82	221.09
Other Current Assets	0	1.77M	3.22M	1.02M	1.27M	1M	12.2M
Total Non-Current Assets	6.2M	13.54M	18.41M	38.56M	87.55M	127.02M	132.71M
Property, Plant & Equipment	5.75M	6.53M	7.61M	26.34M	67.92M	85.77M	91.07M
Fixed Asset Turnover	19.22x	40.30x	55.12x	19.21x	8.03x	6.48x	6.93x
Goodwill	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0
Long-Term Investments	0	0	0	0	0	27.53M	27.73M
Other Non-Current Assets	446K	506K	560K	1.26M	1.34M	2.07M	1.72M
Total Assets	62.6M▲ 0%	133.85M▲ 113.8%	311.75M▲ 132.9%	395.06M▲ 26.7%	473.21M▲ 19.8%	509.79M▲ 7.7%	580M▲ 13.8%
Asset Turnover	1.77x	1.97x	1.35x	1.28x	1.15x	1.09x	1.09x
Asset Growth %	-	113.83%	132.9%	26.72%	19.78%	7.73%	13.77%
Total Current Liabilities	20.86M	32.52M	62.39M	71.39M	57.29M	90.14M	90.52M
Accounts Payable	10.52M	11.96M	14.6M	20.91M	14.75M	9.4M	18.19M
Days Payables Outstanding	123.26	59.92	45.03	50.41	31.91	19.07	31.42
Short-Term Debt	0	0	0	0	0	0	8.18M
Deferred Revenue (Current)	988K	1.78M	596K	10.67M	10.4M	4.61M	3.99M
Other Current Liabilities	7.5M	14.45M	36.76M	6.87M	10.3M	9.77M	78.36M
Current Ratio	2.70x	3.70x	4.70x	4.99x	6.73x	4.25x	4.94x
Quick Ratio	2.02x	2.17x	3.32x	2.50x	4.65x	2.96x	3.53x
Cash Conversion Cycle	50.06	197.16	222.49	383.69	230.66	221.41	193.3
Total Non-Current Liabilities	2.92M	3.66M	3.79M	15.93M	39.07M	42.51M	52.01M
Long-Term Debt	0	0	0	0	0	0	51.83M
Capital Lease Obligations	0	0	0	15.76M	38.88M	42.43M	0
Deferred Tax Liabilities	0	0	0	0	0	0	0
Other Non-Current Liabilities	2.92M	3.66M	3.79M	176K	183K	83K	182K
Total Liabilities	23.78M	36.18M	66.18M	87.33M	96.36M	132.66M	142.53M
Total Debt	0	0	0	19.16M	47.11M	53.03M	60M
Net Debt	-38.35M	-58.13M	-195.37M	-140.61M	-97.06M	-32.62M	-21.98M
Debt / Equity	-	-	-	0.06x	0.13x	0.14x	0.14x
Debt / EBITDA	-	-	-	0.48x	1.27x	5.92x	1.57x
Net Debt / EBITDA	-225.61x	-0.99x	-15.75x	-3.55x	-2.62x	-3.64x	-0.58x
Interest Coverage	-	-	45.95x	-	-	-	-
Total Equity	38.81M▲ 0%	97.68M▲ 151.7%	245.57M▲ 151.4%	307.74M▲ 25.3%	376.85M▲ 22.5%	377.13M▲ 0.1%	437.46M▲ 16.0%
Equity Growth %	-	151.65%	151.41%	25.31%	22.46%	0.07%	16%
Book Value per Share	0.24	0.61	1.50	1.64	2.07	2.09	2.44
Total Shareholders' Equity	38.81M	97.68M	245.57M	307.74M	376.85M	377.13M	437.46M
Common Stock	15K	15K	16K	16K	16K	15K	16K
Retained Earnings	-22.27M	27.49M	17.93M	39.12M	61.75M	64.47M	98.72M
Treasury Stock	0	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	5K	21K	196K
Minority Interest	0	0	0	0	0	0	0

FIGS Cash Flow Statement

FIGS, Inc. (FIGS) cash flow — operating, investing & free cash flow history

Line item	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Cash from Operations	6.53M	21.75M	66.44M	-35.33M	100.92M	81.16M	61.17M
Operating CF Margin %	5.91%	8.27%	15.83%	-6.98%	18.49%	14.61%	9.69%
Operating CF Growth %	-	233%	205.49%	-153.18%	385.64%	-19.57%	-24.63%
Net Income	112K	49.76M	-9.56M	21.19M	22.64M	2.72M	34.25M
Depreciation & Amortization	517K	946K	1.42M	1.92M	2.94M	6.69M	9.04M
Stock-Based Compensation	179K	8.71M	81.14M	37.46M	45.8M	42.67M	26.87M
Deferred Taxes	0	-6.51M	-3.73M	-732K	-7.32M	6.65M	-544K
Other Non-Cash Items	120K	2K	0	2.38M	1.19M	2.74M	-8.45M
Working Capital Changes	5.6M	-31.16M	-2.84M	-97.55M	35.67M	19.68M	0
Change in Receivables	-1.27M	-4.02M	3.34M	-4.42M	-603K	-1.22M	2.35M
Change in Inventory	-763K	-35.44M	-36.33M	-91.91M	58.94M	3.28M	-12.21M
Change in Payables	2.71M	1.21M	2.85M	6.32M	-6.19M	-5.33M	8.76M
Cash from Investing	-4.76M	-2.26M	-2.71M	-5.85M	-117.19M	-94.92M	-63.96M
Capital Expenditures	-4.76M	-2.26M	-2.71M	-5.35M	-16.35M	-17.02M	-8.17M
CapEx % of Revenue	4.31%	0.86%	0.65%	1.06%	3%	3.06%	1.29%
Acquisitions	0	0	0	0	0	0	0
Investments	-	-	-	-	-	-	-
Other Investing	0	0	0	0	0	0	0
Cash from Financing	14M	294K	75.57M	3.52M	670K	-44.77M	-969K
Debt Issued (Net)	0	0	0	0	0	0	0
Equity Issued (Net)	1000K	392K	1000K	479K	916K	-1000K	0
Dividends Paid	0	0	0	0	0	0	0
Share Repurchases	0	0	0	0	0	-45.45M	-2.69M
Other Financing	0	-98K	-21.61M	3.04M	-246K	438K	-969K
Net Change in Cash	38.35M▲ 0%	19.78M▼ 48.4%	139.3M▲ 604.2%	-37.66M▼ 127.0%	-15.6M▲ 58.6%	-58.53M▼ 275.1%	-3.66M▲ 93.7%
Free Cash Flow	1.77M▲ 0%	19.49M▲ 1000.9%	63.73M▲ 227.0%	-40.68M▼ 163.8%	84.57M▲ 307.9%	64.14M▼ 24.2%	53M▼ 17.4%
FCF Margin %	1.6%	7.41%	15.19%	-8.04%	15.5%	11.55%	8.4%
FCF Growth %	-	1000.9%	227.03%	-163.83%	307.9%	-24.15%	-17.37%
FCF per Share	0.01	0.12	0.39	-0.22	0.46	0.36	0.30
FCF Conversion (FCF/Net Income)	58.31x	0.44x	-6.95x	-1.67x	4.46x	29.84x	1.79x
Interest Paid	0	0	0	0	0	0	0
Taxes Paid	0	18.16M	15M	11.9M	21.1M	13.14M	0

FIGS Key Ratios

FIGS, Inc. (FIGS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	0.29%	72.91%	-5.57%	7.66%	6.61%	0.72%	8.41%
Return on Invested Capital (ROIC)	-	217.25%	18.36%	26%	11.43%	0.54%	7.53%
Gross Margin	71.8%	72.3%	71.79%	70.07%	69.09%	67.61%	66.53%
Net Margin	0.1%	18.91%	-2.28%	4.19%	4.15%	0.49%	5.43%
Debt / Equity	-	-	-	0.06x	0.13x	0.14x	0.14x
Interest Coverage	-	-	45.95x	-	-	-	-
FCF Conversion	58.31x	0.44x	-6.95x	-1.67x	4.46x	29.84x	1.79x
Revenue Growth	-	138.12%	59.47%	20.55%	7.87%	1.82%	13.6%

FIGS SEC Filings & Documents

FIGS, Inc. (FIGS) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Feb 26, 2026·SEC

Material company update

Dec 15, 2025·SEC

Material company update

Nov 6, 2025·SEC

10-K Annual Reports

FY 2026

Feb 26, 2026·SEC

FY 2025

Feb 27, 2025·SEC

FY 2024

Feb 28, 2024·SEC

10-Q Quarterly Reports

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 7, 2025·SEC

FY 2025

May 8, 2025·SEC

FIGS Frequently Asked Questions

FIGS, Inc. (FIGS) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

FIGS, Inc. (FIGS) reported $631.1M in revenue for fiscal year 2025. This represents a 471% increase from $110.5M in 2019.

FIGS, Inc. (FIGS) grew revenue by 13.6% over the past year. This is steady growth.

Yes, FIGS, Inc. (FIGS) is profitable, generating $34.3M in net income for fiscal year 2025 (5.4% net margin).

Dividend & Returns

FIGS, Inc. (FIGS) has a return on equity (ROE) of 8.4%. This is below average, suggesting room for improvement.

FIGS, Inc. (FIGS) generated $53.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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FIGS, Inc. (FIGS) financial analysis — history, returns, DCA and operating performance tools

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

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FIGS, Inc.(FIGS)Earnings, Financials & Key Ratios

FIGS Key Insights

✓Strengths

✗Weaknesses

FIGS Price & Volume

FIGS Growth Metrics

Revenue CAGR

Profit CAGR

EPS CAGR

Return on Capital

FIGS Recent Earnings

FIGS Peer Comparison

Compare FIGS vs Peers

vs LULU

vs AMZN

Compare Top 5

FIGS Income Statement

FIGS Balance Sheet

FIGS Cash Flow Statement

FIGS Key Ratios

FIGS SEC Filings & Documents

8-K Announcements

10-K Annual Reports

10-Q Quarterly Reports

FIGS Frequently Asked Questions

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Dividend History

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