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Side-by-side financial comparison of FIGS, Inc. (FIGS) and GDEV Inc. (GDEV). Click either name above to swap in a different company.

FIGS, Inc. is the larger business by last-quarter revenue ($201.9M vs $119.9M, roughly 1.7× GDEV Inc.). GDEV Inc. runs the higher net margin — 13.9% vs 9.2%, a 4.7% gap on every dollar of revenue. On growth, FIGS, Inc. posted the faster year-over-year revenue change (33.0% vs 13.3%).

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.

GDEV Inc. is a gaming and entertainment holding company. It is a publicly traded company listed on the Nasdaq stock exchange, headquartered in Limassol, Cyprus. The holding was evolved in June 2023 from a video game company Nexters, founded in 2014, one of the top five independent mobile game companies in Europe. Subsidiaries of GDEV include Nexters Studio, which operates offices in Cyprus, Armenia, and Kazakhstan, as well as Cubic Games, Royal Ark, Game Gears and Light Hour Games. The compan...

FIGS vs GDEV — Head-to-Head

Bigger by revenue
FIGS
FIGS
1.7× larger
FIGS
$201.9M
$119.9M
GDEV
Growing faster (revenue YoY)
FIGS
FIGS
+19.7% gap
FIGS
33.0%
13.3%
GDEV
Higher net margin
GDEV
GDEV
4.7% more per $
GDEV
13.9%
9.2%
FIGS

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
FIGS
FIGS
GDEV
GDEV
Revenue
$201.9M
$119.9M
Net Profit
$18.5M
$16.6M
Gross Margin
62.9%
Operating Margin
9.3%
15.5%
Net Margin
9.2%
13.9%
Revenue YoY
33.0%
13.3%
Net Profit YoY
881.8%
13.0%
EPS (diluted)
$0.10
$0.90

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FIGS
FIGS
GDEV
GDEV
Q4 25
$201.9M
Q3 25
$151.7M
Q2 25
$152.6M
$119.9M
Q1 25
$124.9M
Q4 24
$151.8M
Q3 24
$140.2M
Q2 24
$144.2M
$105.8M
Q1 24
$119.3M
Net Profit
FIGS
FIGS
GDEV
GDEV
Q4 25
$18.5M
Q3 25
$8.7M
Q2 25
$7.1M
$16.6M
Q1 25
$-102.0K
Q4 24
$1.9M
Q3 24
$-1.7M
Q2 24
$1.1M
$14.7M
Q1 24
$1.4M
Gross Margin
FIGS
FIGS
GDEV
GDEV
Q4 25
62.9%
Q3 25
69.9%
Q2 25
67.0%
Q1 25
67.6%
Q4 24
67.3%
Q3 24
67.1%
Q2 24
67.4%
Q1 24
68.9%
Operating Margin
FIGS
FIGS
GDEV
GDEV
Q4 25
9.3%
Q3 25
6.4%
Q2 25
6.5%
15.5%
Q1 25
-0.2%
Q4 24
5.9%
Q3 24
-6.2%
Q2 24
1.1%
14.4%
Q1 24
0.4%
Net Margin
FIGS
FIGS
GDEV
GDEV
Q4 25
9.2%
Q3 25
5.8%
Q2 25
4.7%
13.9%
Q1 25
-0.1%
Q4 24
1.2%
Q3 24
-1.2%
Q2 24
0.8%
13.9%
Q1 24
1.2%
EPS (diluted)
FIGS
FIGS
GDEV
GDEV
Q4 25
$0.10
Q3 25
$0.05
Q2 25
$0.04
$0.90
Q1 25
$0.00
Q4 24
$0.01
Q3 24
$-0.01
Q2 24
$0.01
$0.81
Q1 24
$0.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FIGS
FIGS
GDEV
GDEV
Cash + ST InvestmentsLiquidity on hand
$82.0M
$41.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$437.5M
$-129.4M
Total Assets
$580.0M
$210.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FIGS
FIGS
GDEV
GDEV
Q4 25
$82.0M
Q3 25
$46.5M
Q2 25
$50.8M
$41.6M
Q1 25
$90.0M
Q4 24
$85.6M
Q3 24
$124.1M
Q2 24
$131.8M
$50.8M
Q1 24
$155.3M
Stockholders' Equity
FIGS
FIGS
GDEV
GDEV
Q4 25
$437.5M
Q3 25
$413.3M
Q2 25
$396.5M
$-129.4M
Q1 25
$381.5M
Q4 24
$377.1M
Q3 24
$403.5M
Q2 24
$401.7M
$-118.7M
Q1 24
$389.9M
Total Assets
FIGS
FIGS
GDEV
GDEV
Q4 25
$580.0M
Q3 25
$544.7M
Q2 25
$517.1M
$210.2M
Q1 25
$522.3M
Q4 24
$509.8M
Q3 24
$542.5M
Q2 24
$526.0M
$282.8M
Q1 24
$510.9M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FIGS
FIGS
GDEV
GDEV
Operating Cash FlowLast quarter
$60.9M
Free Cash FlowOCF − Capex
$58.1M
FCF MarginFCF / Revenue
28.8%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
3.29×
TTM Free Cash FlowTrailing 4 quarters
$53.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FIGS
FIGS
GDEV
GDEV
Q4 25
$60.9M
Q3 25
$3.4M
Q2 25
$-12.4M
Q1 25
$9.2M
Q4 24
$30.4M
Q3 24
$22.6M
Q2 24
$16.5M
Q1 24
$11.6M
Free Cash Flow
FIGS
FIGS
GDEV
GDEV
Q4 25
$58.1M
Q3 25
$531.0K
Q2 25
$-13.5M
Q1 25
$7.9M
Q4 24
$27.1M
Q3 24
$18.4M
Q2 24
$7.5M
Q1 24
$11.1M
FCF Margin
FIGS
FIGS
GDEV
GDEV
Q4 25
28.8%
Q3 25
0.4%
Q2 25
-8.9%
Q1 25
6.3%
Q4 24
17.8%
Q3 24
13.1%
Q2 24
5.2%
Q1 24
9.3%
Capex Intensity
FIGS
FIGS
GDEV
GDEV
Q4 25
1.4%
Q3 25
1.9%
Q2 25
0.7%
Q1 25
1.0%
Q4 24
2.2%
Q3 24
3.0%
Q2 24
6.2%
Q1 24
0.4%
Cash Conversion
FIGS
FIGS
GDEV
GDEV
Q4 25
3.29×
Q3 25
0.39×
Q2 25
-1.75×
Q1 25
Q4 24
16.14×
Q3 24
Q2 24
15.04×
Q1 24
8.10×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FIGS
FIGS

Scrubwear$154.9M77%
Non Scrubwear Lifestyle$47.0M23%

GDEV
GDEV

Segment breakdown not available.

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