FIGS (FIGS) Financials

$11.94 -0.27 (-2.23%)

Closing price 03:59 PM Eastern

Extended Trading

$12.04 +0.10 (+0.85%)

As of 06:03 PM Eastern

Annual Income Statements for FIGS

This table shows FIGS's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	0.11	50	-9.56	21	23	2.72	34
Consolidated Net Income / (Loss)	0.11	50	-9.56	21	23	2.72	34
Net Income / (Loss) Continuing Operations	0.11	50	-9.56	21	23	2.72	34
Total Pre-Tax Income	0.11	58	9.86	39	41	14	47
Total Operating Income	-0.35	58	11	38	34	2.27	38
Total Gross Profit	79	190	301	354	377	376	420
Total Revenue	110	263	420	506	546	556	631
Operating Revenue	110	263	420	506	546	556	631
Total Cost of Revenue	31	73	118	151	169	180	211
Operating Cost of Revenue	31	73	118	151	169	180	211
Total Operating Expenses	80	132	290	317	343	373	382
Selling, General & Admin Expense	46	93	232	239	266	285	289
Marketing Expense	33	39	59	78	77	89	93
Total Other Income / (Expense), net	0.46	0.14	-1.12	1.06	6.76	12	9.06
Interest & Investment Income	-	-	-	1.71	6.78	11	8.75
Other Income / (Expense), net	0.46	0.00	-0.89	-0.65	-0.01	0.83	0.31
Income Tax Expense	0.00	8.32	19	18	18	12	13
Basic Earnings per Share	$0.00	$0.32	($0.06)	$0.13	$0.13	$0.02	$0.21
Weighted Average Basic Shares Outstanding	153.05M	153.33M	159.18M	165.27M	168.07M	169.20M	163.46M
Diluted Earnings per Share	$0.00	$0.30	($0.06)	$0.11	$0.12	$0.02	$0.19
Weighted Average Diluted Shares Outstanding	153.62M	163.33M	159.18M	187.55M	182.41M	180.10M	179.49M
Weighted Average Basic & Diluted Shares Outstanding	-	-	164.27M	166.59M	169.91M	162.52M	166.38M

This table shows FIGS's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	6.15	10	1.44	1.10	-1.70	1.89	-0.10	7.10	8.75	19	6.29
Consolidated Net Income / (Loss)	6.15	10	1.44	1.10	-1.70	1.89	-0.10	7.10	8.75	19	6.29
Net Income / (Loss) Continuing Operations	6.15	10	1.44	1.10	-1.70	1.89	-0.10	7.10	8.75	19	6.29
Total Pre-Tax Income	12	17	3.28	4.38	-5.70	12	1.86	12	12	21	6.45
Total Operating Income	9.95	14	0.44	1.55	-8.63	8.90	-0.21	9.92	9.64	19	4.48
Total Gross Profit	97	98	82	97	94	102	84	102	106	127	108
Total Revenue	142	145	119	144	140	152	125	153	152	202	160
Operating Revenue	142	145	119	144	140	152	125	153	152	202	160
Total Cost of Revenue	45	47	37	47	46	50	40	50	46	75	52
Operating Cost of Revenue	45	47	37	47	46	50	40	50	46	75	52
Total Operating Expenses	87	84	82	96	103	93	85	92	96	108	104
Selling, General & Admin Expense	68	64	64	73	74	74	67	69	73	80	74
Marketing Expense	19	20	17	23	29	20	18	23	23	28	29
Total Other Income / (Expense), net	1.90	2.28	2.84	2.83	2.93	3.48	2.08	2.12	2.32	2.55	1.96
Interest & Investment Income	1.90	-	2.85	2.83	2.93	-	2.08	2.12	2.32	2.24	2.24
Other Income / (Expense), net	-0.01	-0.00	-0.01	0.00	0.00	0.84	-0.00	-0.00	0.01	0.31	-0.28
Income Tax Expense	5.70	6.51	1.85	3.28	-4.00	10	1.97	4.93	3.21	2.85	0.16
Basic Earnings per Share	$0.04	$0.05	$0.01	$0.01	($0.01)	$0.01	$0.00	$0.04	$0.05	$0.12	$0.04
Weighted Average Basic Shares Outstanding	168.67M	168.07M	169.92M	170.39M	170.17M	169.20M	162.47M	162.68M	163.67M	163.46M	166.46M
Diluted Earnings per Share	$0.03	$0.06	$0.01	$0.01	($0.01)	$0.01	$0.00	$0.04	$0.05	$0.10	$0.03
Weighted Average Diluted Shares Outstanding	181.43M	182.41M	180.70M	179.69M	170.17M	180.10M	162.47M	172.93M	180.88M	179.49M	196.09M
Weighted Average Basic & Diluted Shares Outstanding	169.13M	169.91M	170.23M	170.86M	169.81M	162.52M	162.55M	163.27M	164.50M	166.38M	167.05M

This table details how cash moves in and out of FIGS's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	16	20	139	-38	-16	-59	-3.66
Net Cash From Operating Activities	6.53	22	66	-35	101	81	61
Net Cash From Continuing Operating Activities	6.53	22	66	-35	100	81	61
Net Income / (Loss) Continuing Operations	0.11	50	-9.56	21	23	2.72	34
Consolidated Net Income / (Loss)	0.11	50	-9.56	21	23	2.72	34
Depreciation Expense	0.52	0.95	1.42	1.92	2.94	6.69	9.04
Non-Cash Adjustments To Reconcile Net Income	0.57	9.62	84	37	41	46	45
Changes in Operating Assets and Liabilities, net	5.34	-39	-9.14	-95	33	26	-27
Net Cash From Investing Activities	-4.76	-2.26	-2.71	-5.85	-117	-95	-64
Net Cash From Continuing Investing Activities	-4.76	-2.26	-2.71	-5.85	-117	-95	-64
Purchase of Property, Plant & Equipment	-4.76	-2.26	-2.71	-5.35	-16	-17	-8.17
Purchase of Investments	-	0.00	0.00	-0.50	-150	-274	-257
Sale and/or Maturity of Investments	-	-	0.00	0.00	49	197	201
Net Cash From Financing Activities	14	0.29	76	3.52	0.67	-45	-0.97
Net Cash From Continuing Financing Activities	14	0.29	76	3.52	0.67	-45	-0.97
Repurchase of Common Equity	-	0.00	-0.78	0.00	0.00	-45	-2.69
Issuance of Common Equity	0.00	0.00	96	0.00	0.00	0.25	0.00
Other Financing Activities, net	14	0.39	-19	3.52	0.67	0.44	1.72
Effect of Exchange Rate Changes	-	-	-	-	0.00	-	0.10
Cash Income Taxes Paid	0.00	18	15	12	21	13	8.42

This table details how cash moves in and out of FIGS's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	36	-39	11	-24	-7.71	-38	4.36	-39	-4.40	36	-7.68
Net Cash From Operating Activities	54	20	12	17	23	30	9.24	-12	3.44	61	-3.20
Net Cash From Continuing Operating Activities	54	20	12	17	23	30	9.24	-12	3.44	61	-3.20
Net Income / (Loss) Continuing Operations	6.15	10	1.44	1.10	-1.70	1.89	-0.10	7.10	8.75	19	6.29
Consolidated Net Income / (Loss)	6.15	10	1.44	1.10	-1.70	1.89	-0.10	7.10	8.75	19	6.29
Depreciation Expense	0.76	0.81	0.85	1.11	2.89	1.85	2.00	2.15	2.33	2.56	3.41
Non-Cash Adjustments To Reconcile Net Income	14	2.93	9.01	11	9.23	11	8.43	13	14	12	-4.87
Changes in Operating Assets and Liabilities, net	34	3.05	0.32	2.96	12	15	-1.09	-34	-21	28	-8.04
Net Cash From Investing Activities	-18	-59	-0.47	-40	-23	-31	-2.18	-27	-8.97	-26	14
Net Cash From Continuing Investing Activities	-18	-59	-0.47	-40	-23	-31	-2.18	-27	-8.97	-26	14
Purchase of Property, Plant & Equipment	-8.12	-6.62	-0.50	-8.99	-4.17	-3.36	-1.31	-1.09	-2.91	-2.86	-2.42
Purchase of Investments	-27	-84	-41	-97	-54	-83	-55	-82	-49	-71	-105
Sale and/or Maturity of Investments	18	32	41	65	35	55	54	56	43	48	122
Net Cash From Financing Activities	0.13	0.15	0.01	0.25	-7.27	-38	-2.69	0.19	1.13	0.40	-18
Net Cash From Continuing Financing Activities	0.13	0.15	0.01	0.25	-7.27	-38	-2.69	0.19	1.13	0.40	-18
Repurchase of Common Equity	-	-	0.00	-	-	-38	-2.69	-	-	-	-8.80
Other Financing Activities, net	-	0.92	0.01	-	-	0.44	0.00	0.19	1.13	0.40	-9.46
Effect of Exchange Rate Changes	-	-	-	-	-	-	0.00	-	-	-	-0.02

This table presents FIGS's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	134	312	395	473	510	580
Total Current Assets	120	293	357	386	383	447
Cash & Equivalents	58	195	160	144	86	82
Short-Term Investments	-	-	0.00	103	159	219
Accounts Receivable	5.78	2.44	6.87	7.47	8.63	6.27
Inventories, net	50	86	178	119	116	128
Prepaid Expenses	6.67	7.40	12	12	13	12
Plant, Property, & Equipment, net	6.53	7.61	11	25	35	34
Total Noncurrent Assets	7.01	11	28	63	92	99
Long-Term Investments	-	-	-	0.00	28	28
Noncurrent Deferred & Refundable Income Taxes	6.51	10	11	18	12	12
Other Noncurrent Operating Assets	0.51	0.56	17	44	53	59
Total Liabilities & Shareholders' Equity	134	312	395	473	510	580
Total Liabilities	36	66	87	96	133	143
Total Current Liabilities	33	62	71	57	90	91
Accounts Payable	12	15	21	15	9.40	18
Accrued Expenses	6.68	25	26	7.91	42	21
Customer Deposits	-	2.76	3.46	2.99	3.87	4.17
Current Deferred Revenue	1.78	0.60	2.79	2.16	4.61	3.99
Current Deferred & Payable Income Tax Liabilities	0.11	3.97	0.00	2.56	0.35	1.89
Current Employee Benefit Liabilities	4.21	6.46	3.42	7.31	5.69	17
Other Taxes Payable	3.08	3.73	3.37	3.15	3.71	4.27
Other Current Liabilities	4.70	5.59	11	16	20	20
Total Noncurrent Liabilities	3.66	3.79	16	39	43	52
Other Noncurrent Operating Liabilities	-	0.24	16	39	43	52
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	98	246	308	377	377	437
Total Preferred & Common Equity	98	246	308	377	377	437
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	98	246	308	377	377	437
Common Stock	70	228	269	315	313	339
Retained Earnings	27	18	39	62	64	99
Accumulated Other Comprehensive Income / (Loss)	-	-	0.00	0.01	0.02	0.20

This table presents FIGS's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	386	388	411	442	511	526	542	522	517	545	563
Total Current Assets	346	350	369	395	406	417	434	400	394	418	432
Cash & Equivalents	156	156	147	183	155	132	124	90	51	46	74
Short-Term Investments	-	-	39	49	104	137	158	161	188	195	203
Accounts Receivable	8.37	3.78	6.27	6.32	5.41	13	10	6.55	9.13	12	5.24
Inventories, net	168	180	168	143	130	119	123	132	136	151	139
Prepaid Expenses	14	9.58	9.85	13	11	17	19	10	10	13	11
Plant, Property, & Equipment, net	11	11	11	16	28	35	35	34	33	34	33
Total Noncurrent Assets	29	27	30	30	77	74	73	88	90	93	98
Long-Term Investments	-	-	-	-	-	-	-	28	28	28	28
Noncurrent Deferred & Refundable Income Taxes	11	11	12	13	18	16	18	11	12	13	12
Other Noncurrent Operating Assets	18	16	18	18	59	57	55	50	51	52	58
Total Liabilities & Shareholders' Equity	386	388	411	442	511	526	542	522	517	545	563
Total Liabilities	93	68	74	87	121	124	139	141	121	131	133
Total Current Liabilities	76	53	57	70	72	77	95	101	78	87	80
Accounts Payable	21	8.57	12	15	22	20	27	11	19	5.35	7.78
Accrued Expenses	32	21	18	16	17	22	29	54	22	34	36
Customer Deposits	3.42	3.50	3.31	2.64	2.71	3.51	4.63	3.70	3.00	3.22	3.96
Current Deferred Revenue	1.24	0.71	0.78	3.34	1.88	2.83	3.88	1.96	3.00	8.31	1.70
Current Deferred & Payable Income Tax Liabilities	0.00	0.38	3.29	9.67	3.81	1.64	0.35	0.62	0.65	0.00	1.30
Current Employee Benefit Liabilities	5.22	3.65	4.37	6.68	4.33	4.10	5.41	5.07	7.38	12	4.85
Other Taxes Payable	3.70	3.71	2.95	4.05	3.39	3.22	4.25	3.76	3.50	3.73	4.93
Other Current Liabilities	9.37	11	12	13	17	20	20	21	20	19	20
Total Noncurrent Liabilities	17	15	17	16	49	48	44	40	42	45	53
Other Noncurrent Operating Liabilities	17	15	17	16	49	48	44	40	42	45	53
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	292	320	337	355	390	402	404	382	397	413	431
Total Preferred & Common Equity	292	320	337	355	390	402	404	382	397	413	431
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	292	320	337	355	390	402	404	382	397	413	431
Common Stock	257	279	291	303	327	337	341	317	325	333	326
Retained Earnings	36	41	46	52	63	64	63	64	71	80	105
Accumulated Other Comprehensive Income / (Loss)	-	-	-0.01	-0.00	-0.03	-0.05	0.22	-0.02	0.07	0.16	-0.10

This table displays calculated financial ratios and metrics derived from FIGS's official financial filings.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	-	-	-	-	-	-	164,498,699.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	164,498,699.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	0.21
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	0.00%	138.12%	59.47%	20.55%	7.87%	1.82%	13.60%
EBITDA Growth	0.00%	9,261.84%	-80.43%	237.99%	2.30%	-75.42%	385.03%
EBIT Growth	0.00%	51,632.14%	-82.57%	266.60%	-8.07%	-90.90%	1,141.41%
NOPAT Growth	0.00%	14,405.90%	-121.44%	293.56%	-8.35%	-97.73%	6,342.09%
Net Income Growth	0.00%	44,326.79%	-119.21%	321.70%	6.85%	-87.98%	1,159.19%
EPS Growth	0.00%	0.00%	-120.00%	283.33%	9.09%	-83.33%	850.00%
Operating Cash Flow Growth	0.00%	233.00%	205.49%	-153.18%	385.64%	-19.57%	-24.63%
Free Cash Flow Firm Growth	0.00%	0.00%	-290.59%	-311.63%	146.32%	-28.87%	-10.80%
Invested Capital Growth	0.00%	0.00%	21.75%	207.34%	-12.04%	-19.72%	4.21%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	3.31%	0.00%	1.26%	8.62%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-25.87%	58.18%	-26.08%	26.97%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	-27.19%	51.80%	-59.16%	32.24%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-31.45%	42.65%	-90.36%	112.58%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-30.29%	41.23%	-74.90%	94.29%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-45.00%	71.43%	-71.43%	90.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	29.60%	-36.15%	18.45%	14.29%	99.52%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	35.87%	353.87%	351.74%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	8.11%	5.74%	-14.22%	-24.43%
Profitability Metrics	-	-	-	-	-	-	-
Gross Margin	71.80%	72.30%	71.79%	70.07%	69.09%	67.61%	66.53%
EBITDA Margin	0.57%	22.38%	2.75%	7.70%	7.30%	1.76%	7.53%
Operating Margin	-0.31%	22.02%	2.62%	7.45%	6.24%	0.41%	6.04%
EBIT Margin	0.10%	22.02%	2.41%	7.32%	6.24%	0.56%	6.09%
Profit (Net Income) Margin	0.10%	18.91%	-2.28%	4.19%	4.15%	0.49%	5.43%
Tax Burden Percent	100.00%	85.68%	-96.93%	54.71%	55.47%	18.97%	72.55%
Interest Burden Percent	100.00%	100.23%	97.63%	104.61%	119.91%	462.88%	122.75%
Effective Tax Rate	0.00%	14.32%	196.93%	45.29%	44.53%	81.03%	27.45%
Return on Invested Capital (ROIC)	0.00%	251.07%	-24.28%	21.01%	13.58%	0.37%	25.94%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	250.67%	-25.13%	20.69%	11.74%	-0.52%	23.76%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-149.19%	18.71%	-13.36%	-6.97%	0.36%	-17.53%
Return on Equity (ROE)	0.00%	101.88%	-5.57%	7.66%	6.61%	0.72%	8.41%
Cash Return on Invested Capital (CROIC)	0.00%	51.07%	-43.89%	-80.79%	26.39%	22.25%	21.82%
Operating Return on Assets (OROA)	0.00%	43.29%	4.53%	10.47%	7.84%	0.63%	7.06%
Return on Assets (ROA)	0.00%	37.17%	-4.29%	5.99%	5.21%	0.55%	6.29%
Return on Common Equity (ROCE)	0.00%	101.87%	-5.57%	7.66%	6.61%	0.72%	8.41%
Return on Equity Simple (ROE_SIMPLE)	0.00%	50.94%	-3.89%	6.88%	6.01%	0.72%	0.00%
Net Operating Profit after Tax (NOPAT)	-0.35	50	-11	21	19	0.43	28
NOPAT Margin	-0.31%	18.87%	-2.54%	4.07%	3.46%	0.08%	4.39%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.40%	0.85%	0.33%	1.85%	0.88%	2.19%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	6.70%	5.01%	0.11%	6.33%
Cost of Revenue to Revenue	28.20%	27.70%	28.21%	29.93%	30.91%	32.39%	33.47%
SG&A Expenses to Revenue	42.07%	35.51%	55.18%	47.27%	48.72%	51.26%	45.73%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	72.12%	50.28%	69.17%	62.63%	62.85%	67.20%	60.48%
Earnings before Interest and Taxes (EBIT)	0.11	58	10	37	34	3.10	38
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	0.63	59	12	39	40	9.79	47
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	5.94	18.34	3.63	3.12	2.79	4.27
Price to Tangible Book Value (P/TBV)	0.00	5.94	18.34	3.63	3.12	2.79	4.27
Price to Revenue (P/Rev)	5.25	2.21	10.74	2.21	2.15	1.89	2.96
Price to Earnings (P/E)	5,183.04	11.67	0.00	52.72	51.93	386.44	54.56
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.02%	8.57%	0.00%	1.90%	1.93%	0.26%	1.83%
Enterprise Value to Invested Capital (EV/IC)	0.00	13.21	89.47	6.47	7.14	7.45	14.15
Enterprise Value to Revenue (EV/Rev)	0.00	1.99	10.27	1.89	1.70	1.40	2.44
Enterprise Value to EBITDA (EV/EBITDA)	0.00	8.87	373.85	24.58	23.31	79.50	32.43
Enterprise Value to EBIT (EV/EBIT)	0.00	9.02	426.57	25.86	27.29	251.28	40.05
Enterprise Value to NOPAT (EV/NOPAT)	0.00	10.52	0.00	46.45	49.18	1,812.00	55.65
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	24.02	64.84	0.00	9.20	9.59	25.18
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	51.73	0.00	0.00	25.31	29.83	66.15
Leverage & Solvency	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.00	-0.60	-0.74	-0.65	-0.59	-0.69	-0.74
Leverage Ratio	0.00	1.37	1.30	1.28	1.27	1.30	1.34
Compound Leverage Factor	0.00	1.37	1.27	1.34	1.52	6.03	1.64
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	99.98%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	0.00	14.10	43.27	10.27	9.73	6.73	10.15
Noncontrolling Interest Sharing Ratio	0.00%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-
Current Ratio	0.00	3.70	4.70	4.99	6.73	4.25	4.94
Quick Ratio	0.00	1.97	3.17	2.33	4.44	2.81	3.39
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	10	-19	-79	37	26	23
Operating Cash Flow to CapEx	137.18%	961.45%	2,449.74%	-660.60%	617.29%	476.83%	748.90%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-80.52	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	277.98	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	266.63	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-
Asset Turnover	0.00	1.97	1.88	1.43	1.26	1.13	1.16
Accounts Receivable Turnover	0.00	45.52	102.08	108.70	76.13	69.04	84.73
Inventory Turnover	0.00	1.47	1.74	1.15	1.14	1.53	1.73
Fixed Asset Turnover	0.00	40.30	59.34	54.28	30.41	18.48	18.24
Accounts Payable Turnover	0.00	6.09	8.91	8.53	9.46	14.90	15.32
Days Sales Outstanding (DSO)	0.00	8.02	3.58	3.36	4.79	5.29	4.31
Days Inventory Outstanding (DIO)	0.00	249.06	209.38	318.34	321.34	238.15	210.55
Days Payable Outstanding (DPO)	0.00	59.92	40.96	42.81	38.58	24.49	23.83
Cash Conversion Cycle (CCC)	0.00	197.16	171.99	278.88	287.56	218.94	191.02
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	0.00	40	48	148	130	104	109
Invested Capital Turnover	0.00	13.31	9.57	5.16	3.92	4.74	5.92
Increase / (Decrease) in Invested Capital	0.00	40	8.60	100	-18	-26	4.40
Enterprise Value (EV)	0.00	522	4,307	957	929	778	1,540
Market Capitalization	580	580	4,505	1,117	1,175	1,051	1,869
Book Value per Share	$0.00	$0.64	$1.50	$1.85	$2.23	$2.22	$2.66
Tangible Book Value per Share	$0.00	$0.64	$1.50	$1.85	$2.23	$2.22	$2.66
Total Capital	0.00	98	246	308	377	377	437
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	0.00	-58	-197	-160	-247	-273	-329
Capital Expenditures (CapEx)	4.76	2.26	2.71	5.35	16	17	8.17
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	30	34	125	82	48	56
Debt-free Net Working Capital (DFNWC)	0.00	88	231	285	328	293	357
Net Working Capital (NWC)	0.00	88	231	285	328	293	357
Net Nonoperating Expense (NNE)	-0.46	-0.12	-1.09	-0.58	-3.75	-2.29	-6.57
Net Nonoperating Obligations (NNO)	0.00	-58	-197	-160	-247	-273	-329
Total Depreciation and Amortization (D&A)	0.52	0.95	1.42	1.92	5.81	6.69	9.04
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	11.27%	7.99%	24.78%	14.97%	8.55%	8.86%
Debt-free Net Working Capital to Revenue	0.00%	33.37%	55.04%	56.36%	60.18%	52.67%	56.53%
Net Working Capital to Revenue	0.00%	33.37%	55.04%	56.36%	60.18%	52.67%	56.53%
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($0.06)	$0.13	$0.13	$0.02	$0.21
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	159.18M	165.27M	168.07M	169.20M	163.46M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($0.06)	$0.11	$0.12	$0.02	$0.19
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	159.18M	187.55M	182.41M	180.10M	179.49M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	164.27M	166.59M	169.91M	162.52M	166.38M
Normalized Net Operating Profit after Tax (NOPAT)	-0.24	50	7.69	21	19	1.59	28
Normalized NOPAT Margin	-0.22%	18.87%	1.83%	4.07%	3.46%	0.29%	4.39%
Pre Tax Income Margin	0.10%	22.07%	2.35%	7.66%	7.48%	2.58%	7.48%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	42.25	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	-44.54	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	30.90	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	-55.89	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	-8.16%	0.00%	0.00%	1,671.10%	7.85%

This table displays calculated financial ratios and metrics derived from FIGS's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	164,498,699.00	166,377,122.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	164,498,699.00	166,377,122.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	0.11	0.04
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.71%	0.01%	-0.78%	4.41%	-1.51%	4.77%	4.70%	5.83%	8.17%	32.97%	28.02%
EBITDA Growth	-8.43%	362.77%	-67.56%	-63.35%	-153.64%	-22.97%	39.28%	352.55%	308.46%	87.07%	326.25%
EBIT Growth	-11.27%	444.43%	-86.86%	-76.33%	-186.72%	-31.54%	-148.96%	538.25%	211.79%	96.27%	2,083.96%
NOPAT Growth	34.56%	183.66%	-86.55%	-89.53%	-216.99%	-84.28%	-94.04%	1,401.05%	216.66%	1,103.00%	37,781.14%
Net Income Growth	51.98%	194.90%	-24.83%	-75.99%	-127.66%	-81.15%	-107.11%	545.36%	614.47%	881.80%	6,264.71%
EPS Growth	50.00%	500.00%	0.00%	-50.00%	-133.33%	-83.33%	-100.00%	300.00%	600.00%	900.00%	0.00%
Operating Cash Flow Growth	505.57%	345.25%	503.30%	-43.75%	-58.27%	50.07%	-20.52%	-175.16%	-84.78%	100.32%	-134.69%
Free Cash Flow Firm Growth	119.38%	127.31%	138.00%	147.07%	-125.07%	2.26%	-16.81%	-51.79%	-220.77%	-55.95%	-167.25%
Invested Capital Growth	-10.06%	-12.04%	-20.46%	-12.15%	-1.05%	-19.72%	-21.51%	-2.42%	18.28%	4.21%	22.70%
Revenue Q/Q Growth	3.06%	1.79%	-17.68%	20.90%	-2.78%	8.29%	-17.74%	22.21%	-0.64%	33.12%	-20.80%
EBITDA Q/Q Growth	47.13%	40.51%	-91.86%	107.79%	-315.38%	301.76%	-84.57%	575.15%	-0.79%	81.05%	-64.85%
EBIT Q/Q Growth	51.60%	43.00%	-96.96%	258.66%	-655.51%	212.89%	-102.18%	4,775.47%	-2.70%	98.21%	-78.00%
NOPAT Q/Q Growth	38.72%	66.94%	-97.75%	101.10%	-1,649.76%	122.43%	-99.15%	50,570.23%	20.44%	131.34%	-73.17%
Net Income Q/Q Growth	34.13%	62.71%	-85.65%	-23.34%	-254.55%	210.88%	-105.41%	7,059.80%	23.20%	111.61%	-66.02%
EPS Q/Q Growth	50.00%	100.00%	-83.33%	0.00%	-200.00%	200.00%	-100.00%	0.00%	25.00%	100.00%	-70.00%
Operating Cash Flow Q/Q Growth	84.10%	-62.55%	-42.67%	42.34%	36.57%	34.66%	-69.64%	-234.60%	127.65%	1,672.71%	-105.26%
Free Cash Flow Firm Q/Q Growth	147.37%	39.60%	27.92%	-44.36%	-125.23%	669.53%	4.06%	-67.75%	-267.83%	178.22%	-258.85%
Invested Capital Q/Q Growth	-18.80%	5.74%	0.42%	1.89%	-8.54%	-14.22%	-1.81%	26.68%	10.86%	-24.43%	15.61%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	68.41%	67.53%	68.85%	67.44%	67.06%	67.31%	67.62%	66.99%	69.94%	62.94%	67.73%
EBITDA Margin	7.52%	10.38%	1.08%	1.85%	-4.10%	7.63%	1.43%	7.90%	7.89%	10.73%	4.76%
Operating Margin	6.99%	9.82%	0.37%	1.08%	-6.15%	5.86%	-0.17%	6.50%	6.35%	9.32%	2.80%
EBIT Margin	6.99%	9.82%	0.36%	1.08%	-6.15%	6.41%	-0.17%	6.49%	6.36%	9.47%	2.63%
Profit (Net Income) Margin	4.32%	6.90%	1.20%	0.76%	-1.21%	1.24%	-0.08%	4.65%	5.77%	9.17%	3.93%
Tax Burden Percent	51.87%	60.58%	43.75%	25.10%	29.82%	15.23%	-5.47%	59.01%	73.13%	86.67%	97.56%
Interest Burden Percent	119.11%	116.03%	757.51%	282.23%	66.08%	127.10%	-879.25%	121.38%	124.00%	111.71%	153.23%
Effective Tax Rate	48.13%	39.42%	56.25%	74.90%	0.00%	84.77%	105.47%	40.99%	26.87%	13.33%	2.44%
Return on Invested Capital (ROIC)	15.22%	23.34%	0.60%	1.05%	-19.30%	4.23%	0.04%	16.59%	20.31%	47.76%	15.95%
ROIC Less NNEP Spread (ROIC-NNEP)	14.72%	22.66%	0.00%	0.73%	-20.99%	4.02%	0.09%	16.13%	19.69%	47.03%	15.29%
Return on Net Nonoperating Assets (RNNOA)	-8.81%	-13.45%	0.00%	-0.45%	14.22%	-2.77%	-0.06%	-10.81%	-13.28%	-34.71%	-10.99%
Return on Equity (ROE)	6.41%	9.88%	0.60%	0.60%	-5.09%	1.46%	-0.02%	5.78%	7.03%	13.05%	4.96%
Cash Return on Invested Capital (CROIC)	20.78%	26.39%	34.59%	22.47%	4.70%	22.25%	24.23%	5.09%	-6.96%	21.82%	9.04%
Operating Return on Assets (OROA)	9.22%	12.34%	0.44%	1.27%	-6.86%	7.25%	-0.18%	7.09%	6.80%	10.97%	3.23%
Return on Assets (ROA)	5.69%	8.67%	1.46%	0.90%	-1.35%	1.40%	-0.09%	5.08%	6.16%	10.62%	4.83%
Return on Common Equity (ROCE)	6.41%	9.88%	0.60%	0.60%	-5.09%	1.46%	-0.02%	5.78%	7.03%	13.05%	4.96%
Return on Equity Simple (ROE_SIMPLE)	4.51%	0.00%	5.68%	4.65%	2.69%	0.00%	0.31%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	5.16	8.62	0.19	0.39	-6.04	1.36	0.01	5.85	7.05	16	4.37
NOPAT Margin	3.63%	5.95%	0.16%	0.27%	-4.31%	0.89%	0.01%	3.83%	4.65%	8.07%	2.74%
Net Nonoperating Expense Percent (NNEP)	0.51%	0.68%	0.60%	0.31%	1.69%	0.20%	-0.04%	0.47%	0.62%	0.73%	0.66%
Return On Investment Capital (ROIC_SIMPLE)	-	2.29%	-	-	-	0.36%	0.00%	1.48%	1.70%	3.73%	1.02%
Cost of Revenue to Revenue	31.59%	32.47%	31.15%	32.56%	32.94%	32.69%	32.38%	33.01%	30.06%	37.06%	32.27%
SG&A Expenses to Revenue	48.06%	43.82%	54.03%	50.41%	52.87%	48.41%	53.25%	45.32%	48.11%	39.59%	46.48%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	61.42%	57.71%	68.48%	66.36%	73.22%	61.45%	67.79%	60.49%	63.58%	53.62%	64.92%
Earnings before Interest and Taxes (EBIT)	9.95	14	0.43	1.55	-8.63	9.74	-0.21	9.91	9.64	19	4.21
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	11	15	1.28	2.67	-5.74	12	1.79	12	12	22	7.62
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.80	3.12	2.17	2.26	2.90	2.79	1.96	2.31	2.64	4.27	5.71
Price to Tangible Book Value (P/TBV)	2.80	3.12	2.17	2.26	2.90	2.79	1.96	2.31	2.64	4.27	5.71
Price to Revenue (P/Rev)	1.82	2.15	1.55	1.65	2.13	1.89	1.33	1.61	1.88	2.96	3.69
Price to Earnings (P/E)	62.01	51.93	38.18	48.57	107.86	386.44	630.57	127.65	61.96	54.56	60.47
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.61%	1.93%	2.62%	2.06%	0.93%	0.26%	0.16%	0.78%	1.61%	1.83%	1.65%
Enterprise Value to Invested Capital (EV/IC)	6.19	7.14	4.49	4.80	7.28	7.45	4.55	5.00	5.71	14.15	17.10
Enterprise Value to Revenue (EV/Rev)	1.40	1.70	1.08	1.16	1.62	1.40	0.83	1.14	1.42	2.44	3.23
Enterprise Value to EBITDA (EV/EBITDA)	30.25	23.31	17.11	21.51	66.96	79.50	45.36	33.01	22.00	32.43	40.37
Enterprise Value to EBIT (EV/EBIT)	33.98	27.29	18.83	24.42	116.94	251.28	190.39	60.14	28.30	40.05	50.20
Enterprise Value to NOPAT (EV/NOPAT)	57.55	49.18	33.73	47.05	199.07	1,812.00	3,167.04	186.75	63.22	55.65	64.03
Enterprise Value to Operating Cash Flow (EV/OCF)	8.94	9.20	5.09	6.23	12.49	9.59	5.93	13.05	26.85	25.18	44.17
Enterprise Value to Free Cash Flow (EV/FCFF)	28.21	25.31	11.51	19.96	154.24	29.83	16.53	97.04	0.00	66.15	208.35
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.60	-0.59	-0.58	-0.61	-0.68	-0.69	-0.70	-0.67	-0.67	-0.74	-0.72
Leverage Ratio	1.28	1.27	1.27	1.27	1.30	1.30	1.34	1.31	1.33	1.34	1.34
Compound Leverage Factor	1.52	1.47	9.59	3.58	0.86	1.66	-11.78	1.59	1.65	1.49	2.05
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	9.24	9.59	6.22	6.38	6.92	6.77	5.11	6.65	7.05	10.04	13.32
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	5.63	6.73	5.65	5.45	4.58	4.25	3.96	5.02	4.82	4.94	5.39
Quick Ratio	3.40	4.44	3.68	3.67	3.08	2.81	2.55	3.16	2.93	3.39	3.52
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	19	26	34	19	-4.75	27	28	9.07	-15	12	-19
Operating Cash Flow to CapEx	666.59%	306.39%	2,342.54%	183.91%	541.81%	904.43%	704.96%	-1,141.41%	118.27%	2,128.12%	-132.18%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.32	1.26	1.21	1.18	1.11	1.13	1.09	1.09	1.07	1.16	1.23
Accounts Receivable Turnover	74.32	76.13	118.49	58.02	65.26	69.04	93.79	52.15	51.15	84.73	112.96
Inventory Turnover	1.08	1.14	1.10	1.23	1.33	1.53	1.40	1.47	1.36	1.73	1.64
Fixed Asset Turnover	40.22	30.41	27.72	23.61	21.22	18.48	18.05	16.66	16.85	18.24	19.81
Accounts Payable Turnover	9.27	9.46	11.13	11.06	8.36	14.90	11.12	9.59	11.36	15.32	24.03
Days Sales Outstanding (DSO)	4.91	4.79	3.08	6.29	5.59	5.29	3.89	7.00	7.14	4.31	3.23
Days Inventory Outstanding (DIO)	338.79	321.34	331.20	297.46	274.31	238.15	261.01	249.15	269.37	210.55	222.33
Days Payable Outstanding (DPO)	39.37	38.58	32.80	32.99	43.64	24.49	32.82	38.07	32.12	23.83	15.19
Cash Conversion Cycle (CCC)	304.33	287.56	301.47	270.76	236.26	218.94	232.08	218.08	244.38	191.02	210.37
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	123	130	131	133	122	104	103	130	144	109	126
Invested Capital Turnover	4.20	3.92	3.69	3.87	4.48	4.74	4.81	4.33	4.37	5.92	5.83
Increase / (Decrease) in Invested Capital	-14	-18	-34	-18	-1.30	-26	-28	-3.22	22	4.40	23
Enterprise Value (EV)	762	929	587	639	887	778	467	650	823	1,540	2,153
Market Capitalization	994	1,175	846	907	1,169	1,051	746	917	1,092	1,869	2,457
Book Value per Share	$2.11	$2.23	$2.29	$2.36	$2.36	$2.22	$2.35	$2.44	$2.53	$2.66	$2.59
Tangible Book Value per Share	$2.11	$2.23	$2.29	$2.36	$2.36	$2.22	$2.35	$2.44	$2.53	$2.66	$2.59
Total Capital	355	377	390	402	404	377	382	397	413	437	431
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-232	-247	-259	-269	-282	-273	-279	-267	-269	-329	-305
Capital Expenditures (CapEx)	8.12	6.62	0.50	8.99	4.17	3.36	1.31	1.09	2.91	2.86	2.42
Debt-free, Cash-free Net Working Capital (DFCFNWC)	93	82	75	72	58	48	48	76	90	56	75
Debt-free Net Working Capital (DFNWC)	325	328	334	341	340	293	299	315	331	357	352
Net Working Capital (NWC)	325	328	334	341	340	293	299	315	331	357	352
Net Nonoperating Expense (NNE)	-0.98	-1.38	-1.24	-0.71	-4.34	-0.53	0.11	-1.25	-1.70	-2.21	-1.91
Net Nonoperating Obligations (NNO)	-232	-247	-259	-269	-282	-273	-279	-267	-269	-329	-305
Total Depreciation and Amortization (D&A)	0.76	0.81	0.85	1.11	2.89	1.85	2.00	2.15	2.33	2.56	3.41
Debt-free, Cash-free Net Working Capital to Revenue	16.99%	14.97%	13.69%	13.09%	10.54%	8.55%	8.47%	13.41%	15.46%	8.86%	11.25%
Debt-free Net Working Capital to Revenue	59.53%	60.18%	61.27%	61.84%	61.89%	52.67%	53.24%	55.35%	57.03%	56.53%	52.84%
Net Working Capital to Revenue	59.53%	60.18%	61.27%	61.84%	61.89%	52.67%	53.24%	55.35%	57.03%	56.53%	52.84%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.04	$0.05	$0.01	$0.01	($0.01)	$0.01	$0.00	$0.04	$0.05	$0.12	$0.04
Adjusted Weighted Average Basic Shares Outstanding	168.67M	168.07M	169.92M	170.39M	170.17M	169.20M	162.47M	162.68M	163.67M	163.46M	166.46M
Adjusted Diluted Earnings per Share	$0.03	$0.06	$0.01	$0.01	($0.01)	$0.01	$0.00	$0.04	$0.05	$0.10	$0.03
Adjusted Weighted Average Diluted Shares Outstanding	181.43M	182.41M	180.70M	179.69M	170.17M	180.10M	162.47M	172.93M	180.88M	179.49M	196.09M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	169.13M	169.91M	170.23M	170.86M	169.81M	162.52M	162.55M	163.27M	164.50M	166.38M	167.05M
Normalized Net Operating Profit after Tax (NOPAT)	5.16	8.62	0.31	1.09	-6.04	6.23	-0.15	5.85	7.05	16	4.37
Normalized NOPAT Margin	3.63%	5.95%	0.26%	0.75%	-4.31%	4.10%	-0.12%	3.83%	4.65%	8.07%	2.74%
Pre Tax Income Margin	8.32%	11.39%	2.75%	3.04%	-4.07%	8.15%	1.49%	7.88%	7.89%	10.58%	4.03%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	67.16%	1,671.10%	4,069.48%	670.31%	231.82%	7.85%	21.65%

Financials Breakdown Chart

Key Financial Trends

Here are the key trends for FIGS, Inc. (FIGS) based on the last four years of quarterly statements. The bullets highlight notable year-over-year and quarter-over-quarter movements that may interest retail investors.

Q4 2025 operating revenue rose to $201.9 million, up from $151.8 million in Q4 2024 (roughly a 32.8% year-over-year increase).
Q4 2025 net income attributable to common shareholders was $18.5 million, versus $1.89 million in Q4 2024, signaling a material quarterly profit improvement.
Q4 2025 net cash from continuing operating activities was $60.9 million, indicating robust quarterly cash generation.
Total equity (Total Common Equity) increased to about $413.3 million by Q3 2025, up from $396.5 million in Q2 2025, reflecting a strengthening balance sheet.
Total assets grew to about $544.7 million by Q3 2025, continuing a positive asset base expansion alongside equity gains.
In Q4 2025, Basic EPS was $0.12 and Diluted EPS $0.10, with weighted-average shares around 163–179 million, indicating a modest level of dilution versus net income.
Net cash from financing activities in Q4 2025 was a small inflow of about $0.4 million, suggesting limited external financing activity in the quarter.
Gross margin compressed in Q4 2025 to roughly 63% (127.1m gross profit on 201.9m revenue) versus about 67% in Q4 2024, signaling margin pressure.
Selling, General & Admin (SG&A) expense rose to $79.9 million in Q4 2025 from $73.5 million in Q4 2024, contributing to earnings pressures.
Investing activities were cash outflows in Q4 2025, with net cash from continuing investing activities at −$25.9 million (driven by large purchases of investments), indicating ongoing growth investments and cash outlays.

05/14/26 06:05 PM ETAI Generated. May Contain Errors.

FIGS Financials - Frequently Asked Questions

According to the most recent income statement we have on file, FIGS's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

FIGS's net income appears to be on an upward trend, with a most recent value of $34.25 million in 2025, rising from $112 thousand in 2019. The previous period was $2.72 million in 2024. See FIGS's forecast for analyst expectations on what's next for the company.

FIGS's total operating income in 2025 was $38.15 million, based on the following breakdown:

Total Gross Profit: $419.84 million
Total Operating Expenses: $381.69 million

Over the last 6 years, FIGS's total revenue changed from $110.49 million in 2019 to $631.10 million in 2025, a change of 471.2%.

FIGS's total liabilities were at $142.53 million at the end of 2025, a 7.4% increase from 2024, and a 294.0% increase since 2020.

In the past 5 years, FIGS's cash and equivalents has ranged from $58.13 million in 2020 to $195.37 million in 2021, and is currently $81.99 million as of their latest financial filing in 2025.

Over the last 6 years, FIGS's book value per share changed from 0.00 in 2019 to 2.66 in 2025, a change of 265.9%.

Related Companies

Financial statements for NYSE:FIGS last updated on 5/12/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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FIGS (FIGS) Financials

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Key Financial Trends

FIGS Financials - Frequently Asked Questions

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FIGS (FIGS) Financials

Annual Income Statements for FIGS

Quarterly Income Statements for FIGS

Annual Cash Flow Statements for FIGS

Quarterly Cash Flow Statements for FIGS

Annual Balance Sheets for FIGS

Quarterly Balance Sheets for FIGS

Annual Metrics And Ratios for FIGS

Quarterly Metrics And Ratios for FIGS

Financials Breakdown Chart

Key Financial Trends

FIGS Financials - Frequently Asked Questions

When does FIGS's fiscal year end?

How has FIGS's net income changed over the last 6 years?

What is FIGS's operating income?

How has FIGS's revenue changed over the last 6 years?

How much debt does FIGS have?

How much cash does FIGS have?

How has FIGS's book value per share changed over the last 6 years?

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