FIGS, Inc. (FIGS) 10-Year Financial Performance & Capital Metrics

FIGS • • Industrial / General

Consumer CyclicalApparel ManufacturingSpecialized Industrial & Protective ClothingHealthcare & Uniform Specialists

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 $556M +1.8%
EBITDA $9M -75.8%
Net Income $3M -88.0%
EPS (Diluted) 0.02 -87.4%
Gross Margin 67.61% -2.1%
EBITDA Margin 1.61% -76.2%
Operating Margin 0.41% -93.5%
Net Margin 0.49% -88.2%
ROE 0.72% -89.1%
ROIC 0.54% -95.2%
Debt/Equity 0.14 +12.5%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 89.3%
✓Momentum leader: RS Rating 93 (top 7%)
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 38.1%
✓Trading near 52-week high
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

✗Weak 3Y average ROE of 5.0%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y38.13%

3Y9.81%

TTM5.9%

Profit (Net Income) CAGR

10Y-

5Y89.26%

3Y-

TTM62.7%

EPS CAGR

10Y-

5Y33.21%

3Y-

TTM71.65%

ROCE

10Y Avg18.22%

5Y Avg22.03%

3Y Avg7.63%

Latest0.54%

Peer Comparison

Healthcare & Uniform Specialists

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FIGSFIGS, Inc.	1.93B	12.33	816.56	1.82%	3.03%	4.26%	3.33%	0.14
SGCSuperior Group of Companies, Inc.	162.88M	10.20	13.97	4.12%	1%	2.9%	17.8%	0.51

Profit & Loss

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	110.49M	263.11M	419.59M	505.83M	545.65M	555.56M
Revenue Growth %	-	1.38%	0.59%	0.21%	0.08%	0.02%
Cost of Goods Sold+	31.16M	72.89M	118.37M	151.38M	168.68M	179.94M
COGS % of Revenue	0.28%	0.28%	0.28%	0.3%	0.31%	0.32%
Gross Profit+	79.34M	190.22M	301.22M	354.46M	376.96M	375.62M
Gross Margin %	0.72%	0.72%	0.72%	0.7%	0.69%	0.68%
Gross Profit Growth %	-	1.4%	0.58%	0.18%	0.06%	-0%
Operating Expenses+	79.68M	132.28M	290.24M	316.79M	342.92M	373.36M
OpEx % of Revenue	0.72%	0.5%	0.69%	0.63%	0.63%	0.67%
Selling, General & Admin	79.68M	132.28M	290.24M	316.79M	342.92M	373.36M
SG&A % of Revenue	0.72%	0.5%	0.69%	0.63%	0.63%	0.67%
Research & Development	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0
Operating Income+	-347K	57.94M	10.98M	37.67M	34.05M	2.27M
Operating Margin %	-0%	0.22%	0.03%	0.07%	0.06%	0%
Operating Income Growth %	-	167.97%	-0.81%	2.43%	-0.1%	-0.93%
EBITDA+	170K	58.89M	12.41M	39.59M	36.99M	8.96M
EBITDA Margin %	0%	0.22%	0.03%	0.08%	0.07%	0.02%
EBITDA Growth %	-	345.39%	-0.79%	2.19%	-0.07%	-0.76%
D&A (Non-Cash Add-back)	517K	946K	1.42M	1.92M	2.94M	6.69M
EBIT	-347K	57.94M	10.1M	37.67M	34.05M	2.27M
Net Interest Income+	460K	136K	-239K	1.71M	6.78M	11.24M
Interest Income	460K	136K	0	1.71M	6.78M	11.24M
Interest Expense	0	0	239K	0	0	0
Other Income/Expense	459K	136K	-1.12M	1.06M	6.76M	12.07M
Pretax Income+	112K	58.08M	9.86M	38.73M	40.81M	14.34M
Pretax Margin %	0%	0.22%	0.02%	0.08%	0.07%	0.03%
Income Tax+	0	8.32M	19.41M	17.54M	18.17M	11.62M
Effective Tax Rate %	1%	0.86%	-0.97%	0.55%	0.55%	0.19%
Net Income+	112K	49.76M	-9.56M	21.19M	22.64M	2.72M
Net Margin %	0%	0.19%	-0.02%	0.04%	0.04%	0%
Net Income Growth %	-	443.27%	-1.19%	3.22%	0.07%	-0.88%
Net Income (Continuing)	112K	49.76M	-9.56M	21.19M	22.64M	2.72M
Discontinued Operations	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0
EPS (Diluted)+	0.00	0.31	-0.06	0.11	0.12	0.02
EPS Growth %	-	-	-1.19%	2.89%	0.09%	-0.87%
EPS (Basic)	0.00	0.31	-0.06	0.13	0.13	0.02
Diluted Shares Outstanding	160.9M	160.9M	164.26M	187.55M	182.41M	180.1M
Basic Shares Outstanding	160.9M	160.9M	164.26M	165.27M	168.07M	169.2M
Dividend Payout Ratio	-	-	-	-	-	-

Balance Sheet

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	56.4M	120.31M	293.34M	356.5M	385.66M	382.77M
Cash & Short-Term Investments	38.35M	58.13M	195.37M	159.78M	246.69M	245.11M
Cash Only	38.35M	58.13M	195.37M	159.78M	144.17M	85.64M
Short-Term Investments	0	0	0	0	102.52M	159.47M
Accounts Receivable	1.76M	5.78M	2.44M	6.87M	7.47M	8.63M
Days Sales Outstanding	5.81	8.02	2.12	4.95	5	5.67
Inventory	14.3M	49.73M	86.07M	177.98M	119.04M	115.76M
Days Inventory Outstanding	167.52	249.06	265.4	429.14	257.58	234.82
Other Current Assets	0	1.77M	3.22M	1.02M	1.27M	1M
Total Non-Current Assets+	6.2M	13.54M	18.41M	38.56M	87.55M	127.02M
Property, Plant & Equipment	5.75M	6.53M	7.61M	26.34M	67.92M	85.77M
Fixed Asset Turnover	19.22x	40.30x	55.12x	19.21x	8.03x	6.48x
Goodwill	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0
Long-Term Investments	0	0	0	0	0	27.53M
Other Non-Current Assets	446K	506K	560K	1.26M	1.34M	2.07M
Total Assets+	62.6M	133.85M	311.75M	395.06M	473.21M	509.79M
Asset Turnover	1.77x	1.97x	1.35x	1.28x	1.15x	1.09x
Asset Growth %	-	1.14%	1.33%	0.27%	0.2%	0.08%
Total Current Liabilities+	20.86M	32.52M	62.39M	71.39M	57.29M	90.14M
Accounts Payable	10.52M	11.96M	14.6M	20.91M	14.75M	9.4M
Days Payables Outstanding	123.26	59.92	45.03	50.41	31.91	19.07
Short-Term Debt	0	0	0	0	0	0
Deferred Revenue (Current)	988K	1000K	596K	1000K	1000K	1000K
Other Current Liabilities	7.5M	14.45M	36.76M	6.87M	10.3M	9.77M
Current Ratio	2.70x	3.70x	4.70x	4.99x	6.73x	4.25x
Quick Ratio	2.02x	2.17x	3.32x	2.50x	4.65x	2.96x
Cash Conversion Cycle	50.06	197.16	222.49	383.69	230.66	221.41
Total Non-Current Liabilities+	2.92M	3.66M	3.79M	15.93M	39.07M	42.51M
Long-Term Debt	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	15.76M	38.88M	42.43M
Deferred Tax Liabilities	0	0	0	0	0	0
Other Non-Current Liabilities	2.92M	3.66M	3.79M	176K	183K	83K
Total Liabilities	23.78M	36.18M	66.18M	87.33M	96.36M	132.66M
Total Debt+	0	0	0	19.16M	47.11M	53.03M
Net Debt	-38.35M	-58.13M	-195.37M	-140.61M	-97.06M	-32.62M
Debt / Equity	-	-	-	0.06x	0.13x	0.14x
Debt / EBITDA	-	-	-	0.48x	1.27x	5.92x
Net Debt / EBITDA	-225.61x	-0.99x	-15.75x	-3.55x	-2.62x	-3.64x
Interest Coverage	-	-	45.95x	-	-	-
Total Equity+	38.81M	97.68M	245.57M	307.74M	376.85M	377.13M
Equity Growth %	-	1.52%	1.51%	0.25%	0.22%	0%
Book Value per Share	0.24	0.61	1.50	1.64	2.07	2.09
Total Shareholders' Equity	38.81M	97.68M	245.57M	307.74M	376.85M	377.13M
Common Stock	15K	15K	16K	16K	16K	15K
Retained Earnings	-22.27M	27.49M	17.93M	39.12M	61.75M	64.47M
Treasury Stock	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	5K	21K
Minority Interest	0	0	0	0	0	0

Cash Flow

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	6.53M	21.75M	66.44M	-35.33M	100.92M	81.16M
Operating CF Margin %	0.06%	0.08%	0.16%	-0.07%	0.18%	0.15%
Operating CF Growth %	-	2.33%	2.05%	-1.53%	3.86%	-0.2%
Net Income	112K	49.76M	-9.56M	21.19M	22.64M	2.72M
Depreciation & Amortization	517K	946K	1.42M	1.92M	2.94M	6.69M
Stock-Based Compensation	0	8.71M	81.14M	37.46M	45.8M	42.67M
Deferred Taxes	0	-6.51M	-3.73M	-732K	-7.32M	6.65M
Other Non-Cash Items	299K	2K	0	2.38M	1.19M	2.74M
Working Capital Changes	5.6M	-31.16M	-2.84M	-97.55M	35.67M	19.68M
Change in Receivables	-1.27M	-4.02M	3.34M	-4.42M	-603K	-1.22M
Change in Inventory	-763K	-35.44M	-36.33M	-91.91M	58.94M	3.28M
Change in Payables	2.71M	1.21M	2.85M	6.32M	-6.19M	-5.33M
Cash from Investing+	-4.76M	-2.26M	-2.71M	-5.85M	-117.19M	-94.92M
Capital Expenditures	-4.76M	-2.26M	-2.71M	-5.35M	-16.35M	-17.02M
CapEx % of Revenue	0.04%	0.01%	0.01%	0.01%	0.03%	0.03%
Acquisitions	-	-	-	-	-	-
Investments	-	-	-	-	-	-
Other Investing	0	0	0	0	0	0
Cash from Financing+	14M	294K	75.57M	3.52M	670K	-44.77M
Debt Issued (Net)	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-
Other Financing	0	-98K	-21.61M	3.04M	-246K	438K
Net Change in Cash	-	-	-	-	-	-
Free Cash Flow+	1.77M	19.49M	63.73M	-40.68M	84.57M	64.14M
FCF Margin %	0.02%	0.07%	0.15%	-0.08%	0.15%	0.12%
FCF Growth %	-	10.01%	2.27%	-1.64%	3.08%	-0.24%
FCF per Share	0.01	0.12	0.39	-0.22	0.46	0.36
FCF Conversion (FCF/Net Income)	58.31x	0.44x	-6.95x	-1.67x	4.46x	29.84x
Interest Paid	0	0	0	0	0	0
Taxes Paid	0	18.16M	15M	11.9M	21.1M	13.14M

Key Ratios

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

Revenue by Segment

	2021	2022	2023	2024
Scrubwear	363.05M	415.94M	439.99M	445.11M
Scrubwear Growth	-	14.57%	5.78%	1.16%
Non-scrubwear/Lifestyle	56.54M	89.9M	105.66M	110.45M
Non-scrubwear/Lifestyle Growth	-	59.00%	17.53%	4.53%

Revenue by Geography

	2021	2022	2023	2024
UNITED STATES	390.51M	462.13M	483.45M	474.31M
UNITED STATES Growth	-	18.34%	4.62%	-1.89%
Non-US	-	43.71M	62.19M	81.25M
Non-US Growth	-	-	42.29%	30.65%
Non Us	29.08M	-	-	-
Non Us Growth	-	-	-	-

Frequently Asked Questions

Growth & Financials

FIGS, Inc. (FIGS) reported $581.0M in revenue for fiscal year 2024. This represents a 426% increase from $110.5M in 2019.

FIGS, Inc. (FIGS) grew revenue by 1.8% over the past year. Growth has been modest.

Yes, FIGS, Inc. (FIGS) is profitable, generating $17.6M in net income for fiscal year 2024 (0.5% net margin).

Dividend & Returns

FIGS, Inc. (FIGS) has a return on equity (ROE) of 0.7%. This is below average, suggesting room for improvement.

FIGS, Inc. (FIGS) generated $22.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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FIGS, Inc. (FIGS) 10-Year Financial Performance & Capital Metrics

FIGS • • Industrial / General

Consumer CyclicalApparel ManufacturingSpecialized Industrial & Protective ClothingHealthcare & Uniform Specialists

Revenue $556M +1.8%
EBITDA $9M -75.8%
Net Income $3M -88.0%
EPS (Diluted) 0.02 -87.4%
Gross Margin 67.61% -2.1%
EBITDA Margin 1.61% -76.2%
Operating Margin 0.41% -93.5%
Net Margin 0.49% -88.2%
ROE 0.72% -89.1%
ROIC 0.54% -95.2%
Debt/Equity 0.14 +12.5%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 89.3%
✓Momentum leader: RS Rating 93 (top 7%)
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 38.1%
✓Trading near 52-week high
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

✗Weak 3Y average ROE of 5.0%

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y38.13%

3Y9.81%

TTM5.9%

Profit (Net Income) CAGR

10Y-

5Y89.26%

3Y-

TTM62.7%

EPS CAGR

10Y-

5Y33.21%

3Y-

TTM71.65%

ROCE

10Y Avg18.22%

5Y Avg22.03%

3Y Avg7.63%

Latest0.54%

Peer Comparison

Healthcare & Uniform Specialists

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FIGSFIGS, Inc.	1.93B	12.33	816.56	1.82%	3.03%	4.26%	3.33%	0.14
SGCSuperior Group of Companies, Inc.	162.88M	10.20	13.97	4.12%	1%	2.9%	17.8%	0.51

Profit & Loss

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	110.49M	263.11M	419.59M	505.83M	545.65M	555.56M
Revenue Growth %	-	1.38%	0.59%	0.21%	0.08%	0.02%
Cost of Goods Sold+	31.16M	72.89M	118.37M	151.38M	168.68M	179.94M
COGS % of Revenue	0.28%	0.28%	0.28%	0.3%	0.31%	0.32%
Gross Profit+	79.34M	190.22M	301.22M	354.46M	376.96M	375.62M
Gross Margin %	0.72%	0.72%	0.72%	0.7%	0.69%	0.68%
Gross Profit Growth %	-	1.4%	0.58%	0.18%	0.06%	-0%
Operating Expenses+	79.68M	132.28M	290.24M	316.79M	342.92M	373.36M
OpEx % of Revenue	0.72%	0.5%	0.69%	0.63%	0.63%	0.67%
Selling, General & Admin	79.68M	132.28M	290.24M	316.79M	342.92M	373.36M
SG&A % of Revenue	0.72%	0.5%	0.69%	0.63%	0.63%	0.67%
Research & Development	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0
Operating Income+	-347K	57.94M	10.98M	37.67M	34.05M	2.27M
Operating Margin %	-0%	0.22%	0.03%	0.07%	0.06%	0%
Operating Income Growth %	-	167.97%	-0.81%	2.43%	-0.1%	-0.93%
EBITDA+	170K	58.89M	12.41M	39.59M	36.99M	8.96M
EBITDA Margin %	0%	0.22%	0.03%	0.08%	0.07%	0.02%
EBITDA Growth %	-	345.39%	-0.79%	2.19%	-0.07%	-0.76%
D&A (Non-Cash Add-back)	517K	946K	1.42M	1.92M	2.94M	6.69M
EBIT	-347K	57.94M	10.1M	37.67M	34.05M	2.27M
Net Interest Income+	460K	136K	-239K	1.71M	6.78M	11.24M
Interest Income	460K	136K	0	1.71M	6.78M	11.24M
Interest Expense	0	0	239K	0	0	0
Other Income/Expense	459K	136K	-1.12M	1.06M	6.76M	12.07M
Pretax Income+	112K	58.08M	9.86M	38.73M	40.81M	14.34M
Pretax Margin %	0%	0.22%	0.02%	0.08%	0.07%	0.03%
Income Tax+	0	8.32M	19.41M	17.54M	18.17M	11.62M
Effective Tax Rate %	1%	0.86%	-0.97%	0.55%	0.55%	0.19%
Net Income+	112K	49.76M	-9.56M	21.19M	22.64M	2.72M
Net Margin %	0%	0.19%	-0.02%	0.04%	0.04%	0%
Net Income Growth %	-	443.27%	-1.19%	3.22%	0.07%	-0.88%
Net Income (Continuing)	112K	49.76M	-9.56M	21.19M	22.64M	2.72M
Discontinued Operations	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0
EPS (Diluted)+	0.00	0.31	-0.06	0.11	0.12	0.02
EPS Growth %	-	-	-1.19%	2.89%	0.09%	-0.87%
EPS (Basic)	0.00	0.31	-0.06	0.13	0.13	0.02
Diluted Shares Outstanding	160.9M	160.9M	164.26M	187.55M	182.41M	180.1M
Basic Shares Outstanding	160.9M	160.9M	164.26M	165.27M	168.07M	169.2M
Dividend Payout Ratio	-	-	-	-	-	-

Balance Sheet

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	56.4M	120.31M	293.34M	356.5M	385.66M	382.77M
Cash & Short-Term Investments	38.35M	58.13M	195.37M	159.78M	246.69M	245.11M
Cash Only	38.35M	58.13M	195.37M	159.78M	144.17M	85.64M
Short-Term Investments	0	0	0	0	102.52M	159.47M
Accounts Receivable	1.76M	5.78M	2.44M	6.87M	7.47M	8.63M
Days Sales Outstanding	5.81	8.02	2.12	4.95	5	5.67
Inventory	14.3M	49.73M	86.07M	177.98M	119.04M	115.76M
Days Inventory Outstanding	167.52	249.06	265.4	429.14	257.58	234.82
Other Current Assets	0	1.77M	3.22M	1.02M	1.27M	1M
Total Non-Current Assets+	6.2M	13.54M	18.41M	38.56M	87.55M	127.02M
Property, Plant & Equipment	5.75M	6.53M	7.61M	26.34M	67.92M	85.77M
Fixed Asset Turnover	19.22x	40.30x	55.12x	19.21x	8.03x	6.48x
Goodwill	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0
Long-Term Investments	0	0	0	0	0	27.53M
Other Non-Current Assets	446K	506K	560K	1.26M	1.34M	2.07M
Total Assets+	62.6M	133.85M	311.75M	395.06M	473.21M	509.79M
Asset Turnover	1.77x	1.97x	1.35x	1.28x	1.15x	1.09x
Asset Growth %	-	1.14%	1.33%	0.27%	0.2%	0.08%
Total Current Liabilities+	20.86M	32.52M	62.39M	71.39M	57.29M	90.14M
Accounts Payable	10.52M	11.96M	14.6M	20.91M	14.75M	9.4M
Days Payables Outstanding	123.26	59.92	45.03	50.41	31.91	19.07
Short-Term Debt	0	0	0	0	0	0
Deferred Revenue (Current)	988K	1000K	596K	1000K	1000K	1000K
Other Current Liabilities	7.5M	14.45M	36.76M	6.87M	10.3M	9.77M
Current Ratio	2.70x	3.70x	4.70x	4.99x	6.73x	4.25x
Quick Ratio	2.02x	2.17x	3.32x	2.50x	4.65x	2.96x
Cash Conversion Cycle	50.06	197.16	222.49	383.69	230.66	221.41
Total Non-Current Liabilities+	2.92M	3.66M	3.79M	15.93M	39.07M	42.51M
Long-Term Debt	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	15.76M	38.88M	42.43M
Deferred Tax Liabilities	0	0	0	0	0	0
Other Non-Current Liabilities	2.92M	3.66M	3.79M	176K	183K	83K
Total Liabilities	23.78M	36.18M	66.18M	87.33M	96.36M	132.66M
Total Debt+	0	0	0	19.16M	47.11M	53.03M
Net Debt	-38.35M	-58.13M	-195.37M	-140.61M	-97.06M	-32.62M
Debt / Equity	-	-	-	0.06x	0.13x	0.14x
Debt / EBITDA	-	-	-	0.48x	1.27x	5.92x
Net Debt / EBITDA	-225.61x	-0.99x	-15.75x	-3.55x	-2.62x	-3.64x
Interest Coverage	-	-	45.95x	-	-	-
Total Equity+	38.81M	97.68M	245.57M	307.74M	376.85M	377.13M
Equity Growth %	-	1.52%	1.51%	0.25%	0.22%	0%
Book Value per Share	0.24	0.61	1.50	1.64	2.07	2.09
Total Shareholders' Equity	38.81M	97.68M	245.57M	307.74M	376.85M	377.13M
Common Stock	15K	15K	16K	16K	16K	15K
Retained Earnings	-22.27M	27.49M	17.93M	39.12M	61.75M	64.47M
Treasury Stock	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	5K	21K
Minority Interest	0	0	0	0	0	0

Cash Flow

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	6.53M	21.75M	66.44M	-35.33M	100.92M	81.16M
Operating CF Margin %	0.06%	0.08%	0.16%	-0.07%	0.18%	0.15%
Operating CF Growth %	-	2.33%	2.05%	-1.53%	3.86%	-0.2%
Net Income	112K	49.76M	-9.56M	21.19M	22.64M	2.72M
Depreciation & Amortization	517K	946K	1.42M	1.92M	2.94M	6.69M
Stock-Based Compensation	0	8.71M	81.14M	37.46M	45.8M	42.67M
Deferred Taxes	0	-6.51M	-3.73M	-732K	-7.32M	6.65M
Other Non-Cash Items	299K	2K	0	2.38M	1.19M	2.74M
Working Capital Changes	5.6M	-31.16M	-2.84M	-97.55M	35.67M	19.68M
Change in Receivables	-1.27M	-4.02M	3.34M	-4.42M	-603K	-1.22M
Change in Inventory	-763K	-35.44M	-36.33M	-91.91M	58.94M	3.28M
Change in Payables	2.71M	1.21M	2.85M	6.32M	-6.19M	-5.33M
Cash from Investing+	-4.76M	-2.26M	-2.71M	-5.85M	-117.19M	-94.92M
Capital Expenditures	-4.76M	-2.26M	-2.71M	-5.35M	-16.35M	-17.02M
CapEx % of Revenue	0.04%	0.01%	0.01%	0.01%	0.03%	0.03%
Acquisitions	-	-	-	-	-	-
Investments	-	-	-	-	-	-
Other Investing	0	0	0	0	0	0
Cash from Financing+	14M	294K	75.57M	3.52M	670K	-44.77M
Debt Issued (Net)	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-
Other Financing	0	-98K	-21.61M	3.04M	-246K	438K
Net Change in Cash	-	-	-	-	-	-
Free Cash Flow+	1.77M	19.49M	63.73M	-40.68M	84.57M	64.14M
FCF Margin %	0.02%	0.07%	0.15%	-0.08%	0.15%	0.12%
FCF Growth %	-	10.01%	2.27%	-1.64%	3.08%	-0.24%
FCF per Share	0.01	0.12	0.39	-0.22	0.46	0.36
FCF Conversion (FCF/Net Income)	58.31x	0.44x	-6.95x	-1.67x	4.46x	29.84x
Interest Paid	0	0	0	0	0	0
Taxes Paid	0	18.16M	15M	11.9M	21.1M	13.14M

Key Ratios

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

Revenue by Segment

	2021	2022	2023	2024
Scrubwear	363.05M	415.94M	439.99M	445.11M
Scrubwear Growth	-	14.57%	5.78%	1.16%
Non-scrubwear/Lifestyle	56.54M	89.9M	105.66M	110.45M
Non-scrubwear/Lifestyle Growth	-	59.00%	17.53%	4.53%

Revenue by Geography

	2021	2022	2023	2024
UNITED STATES	390.51M	462.13M	483.45M	474.31M
UNITED STATES Growth	-	18.34%	4.62%	-1.89%
Non-US	-	43.71M	62.19M	81.25M
Non-US Growth	-	-	42.29%	30.65%
Non Us	29.08M	-	-	-
Non Us Growth	-	-	-	-

Frequently Asked Questions

Growth & Financials

FIGS, Inc. (FIGS) reported $581.0M in revenue for fiscal year 2024. This represents a 426% increase from $110.5M in 2019.

FIGS, Inc. (FIGS) grew revenue by 1.8% over the past year. Growth has been modest.

Yes, FIGS, Inc. (FIGS) is profitable, generating $17.6M in net income for fiscal year 2024 (0.5% net margin).

Dividend & Returns

FIGS, Inc. (FIGS) has a return on equity (ROE) of 0.7%. This is below average, suggesting room for improvement.

FIGS, Inc. (FIGS) generated $22.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.