FIGS, Inc.FIGSEarnings & Financial Report
Figs is an American clothing company based in Santa Monica, California. The company sells scrubs and other products for healthcare professionals. It was founded in 2013 by Heather Hasson and Trina Spear, who are co-CEOs.
Revenue
$119.3M
Gross Profit
$82.1M
Operating Profit
$443.0K
Net Profit
$1.4M
Gross Margin
68.9%
Operating Margin
0.4%
Net Margin
1.2%
YoY Growth
-0.8%
EPS
$0.01
Financial Flow
FIGS, Inc. Q1 2024 Financial Summary
FIGS, Inc. reported revenue of $119.3M (down 0.8% YoY) for Q1 2024, with a net profit of $1.4M (down 24.8% YoY) (1.2% margin). Cost of goods sold was $37.2M, operating expenses totaled $81.7M.
Key Financial Metrics
| Total Revenue | $119.3M |
|---|---|
| Net Profit | $1.4M |
| Gross Margin | 68.9% |
| Operating Margin | 0.4% |
| Report Period | Q1 2024 |
Revenue Breakdown
FIGS, Inc. Q1 2024 revenue of $119.3M breaks down across 2 segments, led by US at $103.1M (86.4% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| US | $103.1M | 86.4% |
| Non Us | $16.2M | 13.6% |
FIGS, Inc. Annual Revenue by Year
FIGS, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $631.1M).
| Year | Annual Revenue |
|---|---|
| 2025 | $631.1M |
| 2024 | $555.6M |
FIGS, Inc. Quarterly Revenue & Net Profit History
FIGS, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $201.9M | +33.0% | $18.5M | 9.2% |
| Q3 2025 | $151.7M | +8.2% | $8.7M | 5.8% |
| Q2 2025 | $152.6M | +5.8% | $7.1M | 4.7% |
| Q1 2025 | $124.9M | +4.7% | $-102.0K | -0.1% |
| Q4 2024 | $151.8M | +4.8% | $1.9M | 1.2% |
| Q3 2024 | $140.2M | -1.5% | $-1.7M | -1.2% |
| Q2 2024 | $144.2M | +4.4% | $1.1M | 0.8% |
| Q1 2024 | $119.3M | -0.8% | $1.4M | 1.2% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $119.3M | $144.2M | $140.2M | $151.8M | $124.9M | $152.6M | $151.7M | $201.9M |
| YoY Growth | -0.8% | 4.4% | -1.5% | 4.8% | 4.7% | 5.8% | 8.2% | 33.0% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $510.9M | $526.0M | $542.5M | $509.8M | $522.3M | $517.1M | $544.7M | $580.0M |
| Liabilities | $121.1M | $124.3M | $139.0M | $132.7M | $140.8M | $120.6M | $131.4M | $142.5M |
| Equity | $389.9M | $401.7M | $403.5M | $377.1M | $381.5M | $396.5M | $413.3M | $437.5M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $11.6M | $16.5M | $22.6M | $30.4M | $9.2M | $-12.4M | $3.4M | $60.9M |