FIGS (NYSE:FIGS) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Key Points

• FIGS beat quarterly estimates: Earnings were $0.10 per share versus $0.07 expected, while revenue reached $190.7 million, up 25.7% year over year and above forecasts.
• Management raised its 2026 outlook, projecting revenue growth of about 23.5% and an adjusted EBITDA margin of 15.8%; Q3 adjusted EBITDA margin expanded 410 basis points to 16.5%.
• Supply constraints remain a risk: Supplier disruptions and a trade restriction have limited inventory and caused stockouts, with impacts expected into 2027. One-time tariff refunds that supported 2026 gross margin will also create a headwind next year.

FIGS (NYSE:FIGS - Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.03, FiscalAI reports. The firm had revenue of $190.69 million during the quarter, compared to analysts' expectations of $182.82 million. FIGS had a return on equity of 14.78% and a net margin of 9.67%. The company's revenue was up 25.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 earnings per share.

Here are the key takeaways from FIGS's conference call:

• Q3 net revenue rose 26% to $190.7 million, while adjusted EBITDA margin expanded 410 basis points to 16.5%. Active customers, average order value, and revenue per active customer also grew.
• FIGS raised its full-year 2026 revenue growth outlook to approximately 23.5% and adjusted EBITDA margin outlook to 15.8%; it expects Q4 revenue growth of about 15%, despite a difficult comparison with last year.
• Growth was broad-based, with international revenue up 51%, scrubwear up 24%, and non-scrubwear up 35%. Management also cited customer and brand indicators, Community Hubs, and TEAMS partnerships as potential growth drivers.
• Supplier disruption and the ongoing Jordan-related WRO have constrained inventory and caused stockouts, particularly in limited-edition products. The company expects the greatest impact in Q4, with some effects continuing through Q2 2027; it is adding Vietnam capacity and plans to begin Indonesia production.
• Management said 2026 gross margin benefited by about 250 basis points from one-time tariff refunds, which will create a year-over-year headwind in 2027. It expects normalized gross margin to be around 67.5%, while monitoring sourcing and freight costs.

FIGS Price Performance

Shares of FIGS traded down $0.25 during trading hours on Friday, hitting $19.96. The stock had a trading volume of 7,430,912 shares, compared to its average volume of 4,536,684. The firm has a market capitalization of $3.32 billion, a PE ratio of 52.53 and a beta of 1.05. FIGS has a 12 month low of $8.00 and a 12 month high of $22.46. The stock has a fifty day moving average price of $16.34 and a 200 day moving average price of $13.64.

FIGS News Summary

Here are the key news stories impacting FIGS this week:

• Positive Sentiment: KeyCorp raised its price target on FIGS to $27 from $20 and reiterated an “overweight” rating. The new target implies 35.3% upside from the cited $19.96 share price. KeyCorp ratings
• Positive Sentiment: FIGS reported Q3 revenue of $190.7 million, up 25.7% year over year and above the $182.8 million analyst estimate. Earnings of $0.10 per share also beat the $0.07 consensus and doubled the year-ago $0.05. Q3 earnings report
• Positive Sentiment: Management also provided optimistic revenue guidance for the next quarter, adding to the upbeat earnings report. Q3 sales and guidance article
• Negative Sentiment: A recent analysis described FIGS as “priced for perfection” after a substantial run-up, suggesting high expectations could limit further gains or magnify a disappointment. Valuation analysis

Analyst Ratings Changes

Several equities research analysts recently commented on FIGS shares. Weiss Ratings upgraded FIGS from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, October 27th. KeyCorp upped their target price on shares of FIGS from $20.00 to $27.00 and gave the company an "overweight" rating in a research note on Friday. BTIG Research raised their price target on shares of FIGS from $22.00 to $25.00 and gave the company a "buy" rating in a report on Friday, October 30th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $16.00 price target on shares of FIGS in a research note on Friday, August 7th. Finally, Roth Capital reiterated a "buy" rating on shares of FIGS in a research note on Friday, August 7th. Seven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $21.14.

FIGS Company Profile

FIGS, Inc is a direct-to-consumer healthcare apparel and lifestyle company that designs and sells clothing and accessories for healthcare professionals. Its product portfolio includes scrubs, underscrubs, outerwear, footwear, bags and other accessories intended to combine functionality, comfort and contemporary design.

The company sells primarily through its digital platform and also operates retail locations and other distribution channels. FIGS serves healthcare professionals in the United States and select international markets, including Canada, the United Kingdom and Australia.

FIGS was founded in 2013 by Heather Hasson and Trina Spear.

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