FIGS
FIGS, Inc.11.85
+0.07+0.59%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Hubs accretive; pricing resilient
Q&A fleshed out Community Hubs' economics, revealing plans for larger 2,500 sq ft stores opening H2 2026 with year-one profitability and 24-month payback, accretive to margins. Early pricing hikes showed demand inelasticity, modestly aiding the 10-12% revenue guide. New markets like China, Korea, and Japan exceeded expectations under the go-deep/go-broad strategy. AI personalization drives repeat buys across balanced U.S. cohorts with no trade-down. Hubs turn profitable in year one. Management stayed cautious on fluid tariffs but affirmed execution momentum. Investors will eye international scaling and margin offsets.
Key Stats
Market Cap
1.95BP/E (TTM)
107.73Basic EPS (TTM)
0.11Dividend Yield
0%Recent Filings
8-K
FIGS consolidates HQ, cuts costs
FIGS signed a First Amendment to its office lease on December 9, 2025, consolidating headquarters into 39,260 square feet on the fourth floor of its Santa Monica building by April 15, 2026. It surrenders existing 26,118 sq ft original and 20,033 sq ft subleased space early without fees, securing rent credits for seven months at $249,301 monthly base (rising 3% yearly over 91-month term). Cost savings beat prior obligations. Lease offers two 5-year renewals.
10-Q
Q2 FY2025 results
FIGS posted solid Q2 results, with net revenues up 5.8% year-over-year to $152.6 million, fueled by more orders from new and repeat customers plus a bump in average order value. Gross margin dipped 0.4 points to 67.0%, hit by higher inventory reserves and tariffs, though offset somewhat by duty drawbacks and fewer returns. Operating income jumped to $9.9 million from $1.6 million last year, thanks to leaner selling and G&A costs; net income hit $7.1 million, or $0.04 per diluted share on 173 million shares. Cash and equivalents stood at $50.8 million with $95.1 million available on the $100 million revolver, while free cash flow turned negative at $(5.6) million due to inventory builds and timing. The share repurchase program has $52 million left. Tariffs on key suppliers in Vietnam and Jordan pose ongoing cost risks.
8-K
FIGS beats Q2 estimates
FIGS reported Q2 2025 net revenues of $152.6 million, up 5.8% year over year, driven by scrubwear growth and international expansion, while non-scrubwear dipped 2.5%. Gross margin slipped to 67.0% amid inventory reserves and tariffs, yet operating expenses fell 3.5%, lifting net income to $7.1 million and adjusted EBITDA to $19.7 million. Momentum builds. The company raised its full-year outlook to low-single-digit revenue growth and 8.5-9.0% adjusted EBITDA margin, navigating trade headwinds.
8-K
FIGS annual meeting results
FIGS, Inc. held its 2025 annual stockholder meeting on June 4, drawing 95.07% of voting power for key decisions. Shareholders elected Catherine Spear, Sheila Antrum, and Mario Marte as Class I directors through 2028, with Spear facing the most withheld votes at 23.6 million. They ratified Ernst & Young LLP as auditors for the year ending December 31, 2025, and advisory approved executive compensation. Continuity holds firm.
10-Q
Q1 FY2025 results
FIGS kicked off FY2025 with net revenues up 4.7% year-over-year to $124.9M for Q1 ended March 31, 2025, driven by higher orders from existing customers and a bump in average order value to $119 from $116. Gross margin slipped 1.3 points to 67.6%, hit by product mix shifts and elevated freight costs, while operating expenses rose 3.6% mainly from fulfillment center ramp-up, flipping operations to a slim $0.2M loss from $0.4M profit. Free cash flow held steady at $7.9M, with cash and equivalents climbing to $90.0M and $95.1M available on the $100M revolver. The company repurchased 0.6M shares for $2.7M under its expanded program. Yet supply chain snags from tariffs and Middle East tensions loom large.
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