Figs Inc Financials
Figs Inc (FIGS) reported $631.1M in revenue for fiscal year 2025, up 13.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Profit recovery came mainly from fixed-cost absorption, while inventory swings still determined how reliably earnings turned into cash.
FY2022's cash shortfall and FY2023's rebound were driven less by profit than by inventory: despite positive earnings in both years, inventory fell from$178.0M to$119.0M as operating cash flow flipped. With inventory rising again to$128.0M in FY2025, operating cash flow eased to$61.2M even as net income improved, showing working capital is the main governor of cash conversion.
The FY2025 margin rebound came from cost absorption, not richer product economics: gross margin slipped from
The balance sheet is built to carry inventory without leaning on creditors: current assets of
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Figs Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Figs Inc has an operating margin of 6.0%, meaning the company retains $6 of operating profit per $100 of revenue. This results in a moderate score of 51/100, indicating healthy but not exceptional operating efficiency. This is up from 0.4% the prior year.
Figs Inc's revenue grew 13.6% year-over-year to $631.1M, a solid pace of expansion. This earns a growth score of 59/100.
Figs Inc carries a low D/E ratio of 0.33, meaning only $0.33 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 67/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 4.94, Figs Inc holds $4.94 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 90/100.
Figs Inc converts 8.4% of revenue into free cash flow ($53.0M). This strong cash generation earns a score of 69/100.
Figs Inc's ROE of 7.8% shows moderate profitability relative to equity, earning a score of 52/100. This is up from 0.7% the prior year.
Figs Inc scores 12.36, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($2.4B) relative to total liabilities ($142.5M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Figs Inc passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 1 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Figs Inc generates $1.78 in operating cash flow ($61.2M OCF vs $34.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Figs Inc generated $631.1M in revenue in fiscal year 2025. This represents an increase of 13.6% from the prior year.
Figs Inc's EBITDA was $47.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 426.6% from the prior year.
Figs Inc reported $34.3M in net income in fiscal year 2025. This represents an increase of 1170.4% from the prior year.
Figs Inc earned $0.19 per diluted share (EPS) in fiscal year 2025. This represents an increase of 850.0% from the prior year.
Cash & Balance Sheet
Figs Inc generated $53.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 17.4% from the prior year.
Figs Inc held $82.0M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
Figs Inc's gross margin was 66.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.1 percentage points from the prior year.
Figs Inc's operating margin was 6.0% in fiscal year 2025, reflecting core business profitability. This is up 5.6 percentage points from the prior year.
Figs Inc's net profit margin was 5.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 4.9 percentage points from the prior year.
Figs Inc's ROE was 7.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 7.1 percentage points from the prior year.
Capital Allocation
Figs Inc spent $2.7M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 94.1% from the prior year.
Figs Inc invested $8.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 52.0% from the prior year.
Not reported for fiscal year 2025.
FIGS Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $710.1M | $631.1M+13.6% | $555.6M+1.8% | $545.6M+7.9% | $505.8M+20.6% | $419.6M+59.5% | $263.1M+138.1% | $110.5M |
| Cost of Revenue | $220.8M | $211.3M+17.4% | $179.9M+6.7% | $168.7M+11.4% | $151.4M+27.9% | $118.4M+62.4% | $72.9M+133.9% | $31.2M |
| Gross Profit | $489.3M | $419.8M+11.8% | $375.6M-0.4% | $377.0M+6.3% | $354.5M+17.7% | $301.2M+58.4% | $190.2M+139.8% | $79.3M |
| SG&A Expenses | $152.4M | $142.7M-0.1% | $142.9M+1.6% | $140.7M+16.6% | $120.7M-19.4% | $149.6M+260.2% | $41.5M+91.9% | $21.6M |
| Operating Income | $68.2M | $38.1M+1584.2% | $2.3M-93.3% | $34.0M-9.6% | $37.7M+242.9% | $11.0M-81.0% | $57.9M+16797.4% | -$347K |
| Interest Expense | N/A | N/A | N/A | $6.8M+296.7% | $1.7M+814.6% | -$239K-275.7% | $136K-70.4% | $460K |
| Income Tax | $14.7M | $13.0M+11.5% | $11.6M-36.0% | $18.2M+3.6% | $17.5M-9.7% | $19.4M+133.4% | $8.3M | $0 |
| Net Income | $62.0M | $34.3M+1170.4% | $2.7M-88.1% | $22.6M+6.6% | $21.2M+320.8% | -$9.6M-119.3% | $49.8M+44326.8% | $112K |
| EPS (Diluted) | — | $0.19+850.0% | $0.02-83.3% | $0.12+9.1% | $0.11+283.3% | -$0.06-120.0% | $0.30 | $0.00 |
Not reported in any period shown, so not listed: R&D Expenses.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
FIGS Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Total Assets | $580.0M+13.8% | $509.8M+7.7% | $473.2M+19.8% | $395.1M+26.7% | $311.8M+132.9% | $133.9M | N/A |
| Current Assets | $447.3M+16.9% | $382.8M-0.8% | $385.7M+8.2% | $356.5M+21.5% | $293.3M+143.8% | $120.3M | N/A |
| Cash & Equivalents | $82.0M-4.3% | $85.6M-40.6% | $144.2M-9.8% | $159.8M-18.2% | $195.4M+236.1% | $58.1M+51.6% | $38.4M |
| Inventory | $128.0M+10.5% | $115.8M-2.8% | $119.0M-33.1% | $178.0M+106.8% | $86.1M+73.1% | $49.7M | N/A |
| Accounts Receivable | $5.4M-19.3% | $6.6M+1.3% | $6.5M+4.2% | $6.3M+280.4% | $1.7M-71.4% | $5.8M | N/A |
| Total Liabilities | $142.5M+7.4% | $132.7M+37.7% | $96.4M+10.3% | $87.3M+32.0% | $66.2M+82.9% | $36.2M | N/A |
| Current Liabilities | $90.5M+0.4% | $90.1M+57.3% | $57.3M-19.8% | $71.4M+14.4% | $62.4M+91.9% | $32.5M | N/A |
| Total Equity | $437.5M+16.0% | $377.1M+0.1% | $376.9M+22.5% | $307.7M+25.3% | $245.6M+151.4% | $97.7M+151.7% | $38.8M |
| Retained Earnings | $98.7M+53.1% | $64.5M+4.4% | $61.8M+57.9% | $39.1M+118.2% | $17.9M-34.8% | $27.5M | N/A |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
FIGS Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $108.0M | $61.2M-24.6% | $81.2M-19.6% | $100.9M+385.6% | -$35.3M-153.2% | $66.4M+205.5% | $21.7M+233.0% | $6.5M |
| Capital Expenditures | $10.8M | $8.2M-52.0% | $17.0M+4.1% | $16.3M+205.7% | $5.3M+97.2% | $2.7M+19.9% | $2.3M-52.5% | $4.8M |
| Free Cash Flow | $97.2M | $53.0M-17.4% | $64.1M-24.2% | $84.6M+307.9% | -$40.7M-163.8% | $63.7M+227.0% | $19.5M+1000.9% | $1.8M |
| Investing Cash Flow | -$10.1M | -$64.0M+32.6% | -$94.9M+19.0% | -$117.2M-1903.9% | -$5.8M-115.6% | -$2.7M-19.9% | -$2.3M+52.5% | -$4.8M |
| Financing Cash Flow | -$40.2M | -$969K+97.8% | -$44.8M-6781.5% | $670K-81.0% | $3.5M-95.3% | $75.6M+25604.8% | $294K-97.9% | $14.0M |
| Share Buybacks | $32.8M | $2.7M-94.1% | $45.5M | $0 | $0 | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
FIGS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 66.5%-1.1pp | 67.6%-1.5pp | 69.1%-1.0pp | 70.1%-1.7pp | 71.8%-0.5pp | 72.3%+0.5pp | 71.8% |
| Operating Margin | 6.0%+5.6pp | 0.4%-5.8pp | 6.2%-1.2pp | 7.4%+4.8pp | 2.6%-19.4pp | 22.0%+22.3pp | -0.3% |
| Net Margin | 5.4%+4.9pp | 0.5%-3.6pp | 4.1%-0.1pp | 4.2%+6.5pp | -2.3%-21.2pp | 18.9%+18.8pp | 0.1% |
| Return on Equity | 7.8%+7.1pp | 0.7%-5.3pp | 6.0%-0.9pp | 6.9%+10.8pp | -3.9%-54.9pp | 50.9%+50.6pp | 0.3% |
| Return on Assets | 5.9%+5.4pp | 0.5%-4.3pp | 4.8%-0.6pp | 5.4%+8.4pp | -3.1%-40.3pp | 37.2% | N/A |
| Current Ratio | 4.94+0.7x | 4.25-2.5x | 6.73+1.7x | 4.99+0.3x | 4.70+1.0x | 3.70 | N/A |
| Debt-to-Equity | 0.330.0x | 0.35+0.1x | 0.260.0x | 0.280.0x | 0.27-0.1x | 0.37 | N/A |
| FCF Margin | 8.4%-3.1pp | 11.6%-3.9pp | 15.5%+23.5pp | -8.0%-23.2pp | 15.2%+7.8pp | 7.4%+5.8pp | 1.6% |
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Where Figs Inc Ranks
Frequently Asked Questions
What is Figs Inc's annual revenue?
Figs Inc (FIGS) reported $631.1M in total revenue for fiscal year 2025. This represents a 13.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Figs Inc's revenue growing?
Figs Inc (FIGS) revenue grew by 13.6% year-over-year, from $555.6M to $631.1M in fiscal year 2025.
Is Figs Inc profitable?
Yes, Figs Inc (FIGS) reported a net income of $34.3M in fiscal year 2025, with a net profit margin of 5.4%.
What is Figs Inc's EBITDA?
Figs Inc (FIGS) had EBITDA of $47.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Figs Inc's gross margin?
Figs Inc (FIGS) had a gross margin of 66.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Figs Inc's operating margin?
Figs Inc (FIGS) had an operating margin of 6.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Figs Inc's net profit margin?
Figs Inc (FIGS) had a net profit margin of 5.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Figs Inc's return on equity (ROE)?
Figs Inc (FIGS) has a return on equity of 7.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Figs Inc's free cash flow?
Figs Inc (FIGS) generated $53.0M in free cash flow during fiscal year 2025. This represents a -17.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Figs Inc's operating cash flow?
Figs Inc (FIGS) generated $61.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Figs Inc's total assets?
Figs Inc (FIGS) had $580.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Figs Inc's capital expenditures?
Figs Inc (FIGS) invested $8.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Figs Inc's current ratio?
Figs Inc (FIGS) had a current ratio of 4.94 as of fiscal year 2025, which is generally considered healthy.
What is Figs Inc's debt-to-equity ratio?
Figs Inc (FIGS) had a debt-to-equity ratio of 0.33 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Figs Inc's return on assets (ROA)?
Figs Inc (FIGS) had a return on assets of 5.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Figs Inc's Altman Z-Score?
Figs Inc (FIGS) has an Altman Z-Score of 12.36, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Figs Inc's Piotroski F-Score?
Figs Inc (FIGS) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Figs Inc's earnings high quality?
Figs Inc (FIGS) has an earnings quality ratio of 1.78x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Figs Inc?
Figs Inc (FIGS) scores 65 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.