FIGS, Inc. (FIGS) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FIGS SEC filings page.
FIGS, Inc. (FIGS) reported $710.1M in revenue over the twelve months to Jun 30, 2026, up 24.7% from the prior twelve months. 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).
FY2025's scale-driven rebound accelerated sales, absorbed fixed costs, and restored profits faster than cash generation.
Net income rose to$34.3M in FY2025, but operating cash flow fell to$61.2M . Because inventory also increased from$115.8M to$128.0M while capital spending declined, the weaker cash conversion points more toward working-capital absorption than heavier reinvestment.
Revenue reached
The balance sheet expanded alongside the business: total equity rose from
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 49/100, 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 68/100, 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 92/100.
FIGS, Inc. converts 8.4% of revenue into free cash flow ($53.0M). This strong cash generation earns a score of 68/100.
FIGS, Inc.'s ROE of 7.8% shows moderate profitability relative to equity, earning a score of 50/100. This is up from 0.7% the prior year.
FIGS, Inc. scores 11.74, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($2.2B) 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 $196.6M in revenue in Q2 2026. This represents an increase of 28.8% from the same quarter a year earlier. Against the prior quarter it is up 23.0%.
FIGS, Inc.'s EBITDA was $37.7M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 210.9% from the same quarter a year earlier. Against the prior quarter it is up 377.1%.
FIGS, Inc. reported $28.4M in net income in Q2 2026. This represents an increase of 299.8% from the same quarter a year earlier. Against the prior quarter it is up 351.3%.
FIGS, Inc. earned $0.15 per diluted share (EPS) in Q2 2026. This represents an increase of 275.0% from the same quarter a year earlier. Against the prior quarter it is up 400.0%.
Cash & Balance Sheet
FIGS, Inc. generated $44.3M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 427.4% from the same quarter a year earlier. Against the prior quarter it is up 886.3%.
FIGS, Inc. held $108.5M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
FIGS, Inc.'s gross margin was 75.2% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 8.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 7.5 percentage points.
FIGS, Inc.'s operating margin was 17.9% in Q2 2026, reflecting core business profitability. This is up 11.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 15.1 percentage points.
FIGS, Inc.'s net profit margin was 14.4% in Q2 2026, showing the share of revenue converted to profit. This is up 9.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 10.5 percentage points.
FIGS, Inc.'s ROE was 6.4% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 4.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.0 percentage points.
Capital Allocation
FIGS, Inc. spent $24.0M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is up 173.0%.
FIGS, Inc. invested $2.6M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 138.9% from the same quarter a year earlier. Against the prior quarter it is up 7.3%.
Not reported for Q2 2026.
FIGS Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $196.6M+28.8% | $159.9M+28.0% | $201.9M+33.0% | $151.7M+8.2% | $152.6M+5.8% | $124.9M+4.7% | $151.8M+4.8% | $140.2M-1.5% |
| Cost of Revenue | $48.8M-3.2% | $51.6M+27.6% | $74.8M+50.8% | $45.6M-1.3% | $50.4M+7.3% | $40.4M+8.8% | $49.6M+5.5% | $46.2M+2.7% |
| Gross Profit | $147.9M+44.6% | $108.3M+28.2% | $127.1M+24.3% | $106.1M+12.8% | $102.2M+5.1% | $84.5M+2.8% | $102.2M+4.4% | $94.0M-3.5% |
| SG&A Expenses | $40.4M+16.2% | $37.9M+12.0% | $37.0M+4.1% | $37.1M+4.5% | $34.7M-2.9% | $33.8M-6.0% | $35.6M+0.4% | $35.5M-1.9% |
| Operating Income | $35.3M+255.6% | $4.5M+2224.6% | $18.8M+111.4% | $9.6M+211.7% | $9.9M+538.4% | -$211K-147.6% | $8.9M-37.5% | -$8.6M-186.7% |
| EBITDA | $37.7M+210.9% | $7.9M+341.5% | $21.3M+98.7% | $11.9M+308.3% | $12.1M+356.7% | $1.8M+38.3% | $10.7M-28.4% | -$5.7M-153.3% |
| Income Tax | $8.5M+72.4% | $157K-92.0% | $2.8M-72.9% | $3.2M+180.3% | $4.9M+50.2% | $2.0M+6.6% | $10.5M+61.3% | -$4.0M-170.2% |
| Net Income | $28.4M+299.8% | $6.3M+6264.7% | $18.6M+895.0% | $8.7M+614.5% | $7.1M+545.4% | -$102K-107.1% | $1.9M-81.3% | -$1.7M-127.7% |
| EPS (Basic) | $0.17+325.0% | $0.04 | $0.11+450.0% | $0.05+600.0% | $0.04+300.0% | $0.00-100.0% | $0.02-60.0% | -$0.01-125.0% |
| EPS (Diluted) | $0.15+275.0% | $0.03 | $0.10 | $0.05+600.0% | $0.04 | $0.00-100.0% | $0.02 | -$0.01-133.3% |
| Diluted Shares (Avg) | 195M+12.8% | 196M+20.7% | N/A | 181M+6.3% | 173M | 162M-10.1% | N/A | 170M-6.2% |
Not reported in any period shown, so not listed: R&D Expenses, Interest Expense.
FIGS Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $582.7M+12.7% | $563.4M+7.9% | $580.0M+13.8% | $544.7M+0.4% | $517.1M-1.7% | $522.3M+2.2% | $509.8M+7.7% | $542.5M+22.8% |
| Current Assets | $452.9M+15.1% | $432.2M+8.1% | $447.3M+16.9% | $418.0M-3.7% | $393.6M-5.7% | $399.7M-1.4% | $382.8M-0.8% | $434.3M+9.9% |
| Cash & Equivalents | $108.5M+113.5% | $74.3M-17.4% | $82.0M-4.3% | $46.5M-62.6% | $50.8M-61.4% | $90.0M-42.1% | $85.6M-40.6% | $124.1M-32.2% |
| Short-Term Investments | $187.8M-0.1% | $202.7M+25.8% | $218.9M+37.2% | $195.1M+23.8% | $188.0M+37.5% | $161.2M+55.2% | $159.5M+55.5% | $157.6M+220.7% |
| Inventory | $119.6M-11.8% | $139.4M+5.9% | $128.0M+10.5% | $151.2M+22.6% | $135.5M+13.6% | $131.6M+0.9% | $115.8M-2.8% | $123.4M-13.8% |
| Accounts Receivable | $6.8M-14.7% | $4.0M-24.4% | $5.4M-19.3% | $11.2M+27.9% | $7.9M-31.9% | $5.3M+7.0% | $6.6M+1.3% | $8.8M+55.6% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $140.3M+16.4% | $132.8M-5.7% | $142.5M+7.4% | $131.4M-5.4% | $120.6M-3.0% | $140.8M+16.3% | $132.7M+37.7% | $139.0M+60.5% |
| Current Liabilities | $91.4M+16.6% | $80.2M-20.6% | $90.5M+0.4% | $86.7M-8.5% | $78.4M+2.3% | $101.0M+40.6% | $90.1M+57.3% | $94.7M+34.9% |
| Non-Current Liabilities | $48.9M+15.9% | $52.6M+32.1% | $52.0M+22.3% | $44.8M+1.2% | $42.2M-11.5% | $39.8M-19.1% | $42.5M+8.8% | $44.2M+170.3% |
| Total Equity | $442.4M+11.6% | $430.6M+12.9% | $437.5M+16.0% | $413.3M+2.4% | $396.5M-1.3% | $381.5M-2.1% | $377.1M+0.1% | $403.5M+13.6% |
| Retained Earnings | $133.4M+86.6% | $105.0M+63.1% | $98.7M+53.1% | $80.2M+28.2% | $71.5M+11.2% | $64.4M+1.9% | $64.5M+4.4% | $62.6M+20.9% |
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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $46.9M+477.0% | -$3.2M-134.7% | $60.9M+100.3% | $3.4M-84.8% | -$12.4M-175.2% | $9.2M-20.5% | $30.4M+50.1% | $22.6M-58.3% |
| Depreciation & Amortization | $2.4M+9.1% | $3.4M+70.6% | $2.6M+38.5% | $2.3M-20.7% | $2.2M+100.0% | $2.0M+135.2% | $1.8M+126.8% | $2.9M+262.5% |
| Stock-Based Compensation | N/A | $5.5M-24.7% | N/A | N/A | N/A | $7.2M-37.7% | N/A | N/A |
| Capital Expenditures | $2.6M+138.9% | $2.4M+85.0% | $2.9M-14.9% | $2.9M-30.3% | $1.1M-87.9% | $1.3M+164.1% | $3.4M-49.2% | $4.2M-48.7% |
| Free Cash Flow | $44.3M+427.4% | -$5.6M-171.0% | $58.1M+114.6% | $531K-97.1% | -$13.5M-279.2% | $7.9M-28.8% | $27.1M+98.1% | $18.4M-60.0% |
| Investing Cash Flow | $10.9M+140.6% | $13.8M+731.9% | -$25.9M+16.8% | -$9.0M+61.1% | -$26.9M+33.2% | -$2.2M-360.8% | -$31.1M+47.4% | -$23.0M-27.7% |
| Financing Cash Flow | -$23.5M-12794.6% | -$18.3M-579.4% | $401K+101.1% | $1.1M+115.6% | $185K-27.2% | -$2.7M-26980.0% | -$37.8M-24777.8% | -$7.3M-5872.2% |
| Share Buybacks | $24.0M | $8.8M+227.3% | $0-100.0% | $0-100.0% | $0 | $2.7M | $38.2M | $7.3M |
Not reported in any period shown, so not listed: Dividends Paid.
FIGS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 75.2%+8.2pp | 67.7%+0.1pp | 62.9%-4.4pp | 69.9%+2.9pp | 67.0%-0.4pp | 67.6%-1.2pp | 67.3%-0.2pp | 67.1%-1.4pp |
| Operating Margin | 17.9%+11.4pp | 2.8%+3.0pp | 9.3%+3.5pp | 6.3%+12.5pp | 6.5%+5.4pp | -0.2%-0.5pp | 5.9%-4.0pp | -6.2%-13.1pp |
| Net Margin | 14.4%+9.8pp | 3.9%+4.0pp | 9.2%+8.0pp | 5.8%+7.0pp | 4.7%+3.9pp | -0.1%-1.3pp | 1.2%-5.6pp | -1.2%-5.5pp |
| Return on Equity | 6.4%+4.6pp | 1.5%+1.5pp | 4.2%+3.8pp | 2.1%+2.5pp | 1.8%+1.5pp | 0.0%-0.4pp | 0.5%-2.1pp | -0.4%-2.1pp |
| Return on Assets | 4.9%+3.5pp | 1.1%+1.1pp | 3.2%+2.8pp | 1.6%+1.9pp | 1.4%+1.2pp | 0.0%-0.3pp | 0.4%-1.7pp | -0.3%-1.7pp |
| Current Ratio | 4.96-0.1x | 5.39+1.4x | 4.94+0.7x | 4.82+0.2x | 5.02-0.4x | 3.96-1.7x | 4.25-2.5x | 4.58-1.0x |
| Debt-to-Equity | 0.320.0x | 0.31-0.1x | 0.330.0x | 0.320.0x | 0.300.0x | 0.37+0.1x | 0.35+0.1x | 0.34+0.1x |
| Asset Turnover | 0.340.0x | 0.280.0x | 0.35+0.1x | 0.280.0x | 0.300.0x | 0.240.0x | 0.300.0x | 0.26-0.1x |
| FCF Margin | 22.5%+31.4pp | -3.5%-9.9pp | 28.8%+10.9pp | 0.4%-12.8pp | -8.9%-14.1pp | 6.3%-3.0pp | 17.8%+8.4pp | 13.1%-19.2pp |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| FIGS, Inc. FIGS | FY2025 | $631.1M | $34.3M | 5.4% | $2.2B | 64/100 |
| G-Iii Apparel Group Ltd GIII | FY2025 | $3.0B | $67K | 0.0% | $1.2B | 62/100 |
| Oxford Industries, Inc. OXM | FY2025 | $1.5B | -$27.9M | -1.9% | $373.4M | 31/100 |
| Hanesbrands, Inc. HBI | FY2024 | $3.5B | -$320.4M | -9.1% | $2.3B | 36/100 |
| Under Armour, Inc. UAA | FY2026 | $5.0B | -$495.6M | -10.0% | $2.0B | 32/100 |
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 P/E ratio?
FIGS, Inc. (FIGS) trades at 36.2x earnings, its market capitalization divided by net income of $62.0M net income, trailing 12 months to June 30, 2026. The market capitalization is $2.2B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is FIGS, Inc.'s price-to-sales ratio?
FIGS, Inc. (FIGS) trades at 3.2x sales, its market capitalization divided by revenue of $710.1M revenue, trailing 12 months to June 30, 2026. The market capitalization is $2.2B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is FIGS, Inc.'s Altman Z-Score?
FIGS, Inc. (FIGS) has an Altman Z-Score of 11.74, 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 64 out of 100 on our Financial Health Score, indicating moderate 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.