FIGS, Inc. filings document the company’s healthcare apparel business, operating results and public-company governance. Form 8-K reports furnish earnings releases and Regulation FD presentations covering net revenues, scrubwear and non-scrubwear categories, U.S. and international sales, active customer measures, average order value, gross margin, operating expenses and outlook disclosures.
The company’s proxy materials address board matters, executive compensation, equity awards and annual meeting governance. Other current reports disclose material agreements, including office lease arrangements related to corporate facilities. Together, FIGS’ regulatory filings describe the business economics, capital and compensation structures, governance practices and material events of a direct-to-consumer healthcare apparel issuer.
FIGS, Inc. director Melanie Anya Whelan received a grant of 22,863 stock options as compensation for consulting services beyond her board role. The options have an exercise price of $11.51 per share and expire on May 12, 2036.
The option grant vests in full and becomes exercisable on May 12, 2027, contingent on her continued service through that date. In addition, she holds 10,815 shares of Class A Common Stock, 29,412 unvested restricted stock units, and 52,037 shares underlying vested options.
Catherine Eva Spear filed an amended Schedule 13D reporting her beneficial ownership in FIGS, Inc. Class A common stock. She reports beneficial ownership of 27,668,112 shares, representing 15.0% of the Class A common stock, based on 158,763,612 shares outstanding as of April 30, 2026.
Her position includes directly held Class A and Class B shares, convertible Class B shares, vested options, restricted stock units, and shares held through trusts and an LLC. The filing also notes an April 2, 2026 open market sale of 62,335 Class A shares at $14.44 per share to cover taxes and fees on vested restricted stock units.
Heather Hasson filed an amended Schedule 13D for FIGS, Inc., reporting beneficial ownership of 14,421,434 shares of Class A Common Stock, representing 8.4% of the class based on 158,763,612 shares outstanding as of April 30, 2026. Her holdings include directly owned Class A shares, Class B shares convertible into Class A on a one-to-one basis, restricted stock units and vested options exercisable within 60 days, as well as shares held through various trusts and Hollywood Capital Partners LLC. The filing notes a recent sale of 32,385 shares in open market transactions at a weighted average price of $14.3339 per share, executed solely to cover required taxes and fees upon vesting and settlement of restricted stock units. She disclaims beneficial ownership of shares held by other parties to a Voting Agreement.
FIGS, Inc. delivered strong top-line growth in the quarter ended March 31, 2026, with net revenues rising 28.0% to $159.9 million from $124.9 million a year earlier, driven by more orders from both new and existing customers and a higher average order value.
Gross margin held at a high 67.7%, up slightly from 67.6%, as price increases and efficiency gains largely offset higher tariffs and product mix shifts. Net income improved to $6.3 million from a small loss, giving a 3.9% net margin, while adjusted EBITDA increased to $13.9 million and an 8.7% margin.
Active customers grew 12.2% year over year to about 3.0 million, and average order value climbed to $124 from $119. Despite the profit improvement, operating cash flow swung to an outflow of $3.2 million, mainly due to working capital and tax-related equity settlements, resulting in free cash flow of negative $5.6 million.
The company ended the quarter with $74.3 million in cash and cash equivalents and $202.7 million in short-term investments, and no borrowings under its $100 million credit facility. FIGS also repurchased 571,592 Class A shares for about $8.8 million, with $43.2 million remaining under its authorization, while noting ongoing gross-margin pressure and uncertainty from U.S. tariff policy.
FIGS, Inc. delivered strong top-line growth in the quarter ended March 31, 2026, with net revenues rising 28.0% to $159.9 million from $124.9 million a year earlier, driven by more orders from both new and existing customers and a higher average order value.
Gross margin held at a high 67.7%, up slightly from 67.6%, as price increases and efficiency gains largely offset higher tariffs and product mix shifts. Net income improved to $6.3 million from a small loss, giving a 3.9% net margin, while adjusted EBITDA increased to $13.9 million and an 8.7% margin.
Active customers grew 12.2% year over year to about 3.0 million, and average order value climbed to $124 from $119. Despite the profit improvement, operating cash flow swung to an outflow of $3.2 million, mainly due to working capital and tax-related equity settlements, resulting in free cash flow of negative $5.6 million.
The company ended the quarter with $74.3 million in cash and cash equivalents and $202.7 million in short-term investments, and no borrowings under its $100 million credit facility. FIGS also repurchased 571,592 Class A shares for about $8.8 million, with $43.2 million remaining under its authorization, while noting ongoing gross-margin pressure and uncertainty from U.S. tariff policy.
FIGS, Inc. reported strong first quarter 2026 results, with net revenues of $159.9 million, up 28.0% year over year, driven by more orders from both new and existing customers and higher average order value.
Scrubwear net revenues were $126.6 million, while non-scrubwear reached $33.3 million. U.S. net revenues grew 24.1% to $131.6 million, and international net revenues rose 49.9% to $28.3 million.
The company delivered net income of $6.3 million, or $0.03 diluted earnings per share, versus a small loss a year earlier. Net income margin was 3.9%, and adjusted EBITDA was $13.9 million with an 8.7% adjusted EBITDA margin.
Active customers grew 12.2% to 3.0 million, net revenues per active customer rose to $220, and average order value increased to $124. Reflecting this momentum, FIGS raised its full year 2026 outlook, now targeting net revenues growth of 14% to 16% and adjusted EBITDA margin of 13.0% to 13.2%.
FIGS, Inc. reported strong first quarter 2026 results, with net revenues of $159.9 million, up 28.0% year over year, driven by more orders from both new and existing customers and higher average order value.
Scrubwear net revenues were $126.6 million, while non-scrubwear reached $33.3 million. U.S. net revenues grew 24.1% to $131.6 million, and international net revenues rose 49.9% to $28.3 million.
The company delivered net income of $6.3 million, or $0.03 diluted earnings per share, versus a small loss a year earlier. Net income margin was 3.9%, and adjusted EBITDA was $13.9 million with an 8.7% adjusted EBITDA margin.
Active customers grew 12.2% to 3.0 million, net revenues per active customer rose to $220, and average order value increased to $124. Reflecting this momentum, FIGS raised its full year 2026 outlook, now targeting net revenues growth of 14% to 16% and adjusted EBITDA margin of 13.0% to 13.2%.
FIGS, Inc. Chief Financial Officer Sarah Oughtred reported an open-market sale of 23,597 shares of Class A Common Stock at a weighted average price of $14.3339 per share. The footnotes state these shares were sold solely to cover taxes and fees due on the vesting and settlement of restricted stock units, under a pre-arranged Rule 10b5-1 instruction letter.
After the transaction, Oughtred directly owns 1,129,791 shares, including 953,028 RSUs, each representing a contingent right to receive one share of Class A Common Stock. The sales occurred in multiple trades at prices ranging from $14.160 to $14.344 per share.
FIGS, Inc. Executive Chairman Heather L. Hasson reported an open-market sale of 32,385 shares of Class A Common Stock at a weighted average price of $14.3339 per share. According to the filing, all shares were sold solely to cover taxes and fees owed on vesting RSUs under a pre-arranged Rule 10b5-1 instruction letter.
Following the sale, Hasson directly holds 1,433,807 Class A shares. She also has indirect holdings of 141 Class A shares through Hollywood Capital Partners LLC and 8,338 Class A shares through the Heather Hasson Revocable Trust, along with 984,368 RSUs, 2,814,480 Class B shares convertible into Class A, and 10,995,729 Class A shares underlying vested options.
Sarah Oughtred / FIGS, Inc. submitted a Form 144 notice reporting a proposed sale of 41,051 shares of Class A Common Stock, consisting of shares acquired upon vesting of Restricted Stock Units under the 2021 Equity Incentive Award Plan on 05/01/2026. The filing also lists prior sales of 10,872 shares on 04/02/2026 and 22,690 shares on 02/05/2026.
Heather Hasson reported proposed sales of Class A Common Stock in a Form 144 notice. The filing lists 59,242 shares acquired upon vesting of Restricted Stock Units under the 2021 Equity Incentive Award Plan on 05/01/2026. It also records previously sold shares in the past three months: 556,327 shares on 03/03/2026 and 22,874 shares on 02/05/2026. The 144 identifies FIGS, Inc. as the issuer and notes the vesting was for services rendered.