FIGS (FIGS) Financials

$5.93 +0.28 (+4.96%)

Closing price 03:59 PM Eastern

Extended Trading

$5.88 -0.05 (-0.84%)

As of 06:01 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
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	0.11	50	-9.56	21	23	2.72
Consolidated Net Income / (Loss)	0.11	50	-9.56	21	23	2.72
Net Income / (Loss) Continuing Operations	0.11	50	-9.56	21	23	2.72
Total Pre-Tax Income	0.11	58	9.86	39	41	14
Total Operating Income	-0.35	58	11	38	34	2.27
Total Gross Profit	79	190	301	354	377	376
Total Revenue	110	263	420	506	546	556
Operating Revenue	110	263	420	506	546	556
Total Cost of Revenue	31	73	118	151	169	180
Operating Cost of Revenue	31	73	118	151	169	180
Total Operating Expenses	80	132	290	317	343	373
Selling, General & Admin Expense	46	93	232	239	266	285
Marketing Expense	33	39	59	78	77	89
Total Other Income / (Expense), net	0.46	0.14	-1.12	1.06	6.76	12
Interest & Investment Income	-	-	-	1.71	6.78	11
Other Income / (Expense), net	0.46	0.00	-0.89	-0.65	-0.01	0.83
Income Tax Expense	0.00	8.32	19	18	18	12
Basic Earnings per Share	$0.00	$0.32	($0.06)	$0.13	$0.13	$0.02
Weighted Average Basic Shares Outstanding	153.05M	153.33M	159.18M	165.27M	168.07M	169.20M
Diluted Earnings per Share	$0.00	$0.30	($0.06)	$0.11	$0.12	$0.02
Weighted Average Diluted Shares Outstanding	153.62M	163.33M	159.18M	187.55M	182.41M	180.10M
Weighted Average Basic & Diluted Shares Outstanding	-	-	164.27M	166.59M	169.91M	162.52M

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 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	4.04	3.39	1.91	4.58	6.15	10	1.44	1.10	-1.70	1.89	-0.10
Consolidated Net Income / (Loss)	4.04	3.39	1.91	4.58	6.15	10	1.44	1.10	-1.70	1.89	-0.10
Net Income / (Loss) Continuing Operations	4.04	3.39	1.91	4.58	6.15	10	1.44	1.10	-1.70	1.89	-0.10
Total Pre-Tax Income	12	3.64	4.37	8.08	12	17	3.28	4.38	-5.70	12	1.86
Total Operating Income	11	3.26	3.30	6.57	9.95	14	0.44	1.55	-8.63	8.90	-0.21
Total Gross Profit	91	99	86	96	97	98	82	97	94	102	84
Total Revenue	129	145	120	138	142	145	119	144	140	152	125
Operating Revenue	129	145	120	138	142	145	119	144	140	152	125
Total Cost of Revenue	38	46	35	42	45	47	37	47	46	50	40
Operating Cost of Revenue	38	46	35	42	45	47	37	47	46	50	40
Total Operating Expenses	80	96	82	89	87	84	82	96	103	93	85
Selling, General & Admin Expense	60	74	65	69	68	64	64	73	74	74	67
Marketing Expense	20	21	17	21	19	20	17	23	29	20	18
Total Other Income / (Expense), net	0.61	0.38	1.07	1.52	1.90	2.28	2.84	2.83	2.93	3.48	2.08
Interest & Investment Income	-	-	-	1.52	1.90	-	2.85	2.83	2.93	-	2.08
Other Income / (Expense), net	0.00	-0.65	-0.00	-0.00	-0.01	-0.00	-0.01	0.00	0.00	0.84	-0.00
Income Tax Expense	7.77	0.25	2.46	3.50	5.70	6.51	1.85	3.28	-4.00	10	1.97
Basic Earnings per Share	$0.02	$0.03	$0.01	$0.03	$0.04	$0.05	$0.01	$0.01	($0.01)	$0.01	$0.00
Weighted Average Basic Shares Outstanding	165.54M	165.27M	166.77M	167.42M	168.67M	168.07M	169.92M	170.39M	170.17M	169.20M	162.47M
Diluted Earnings per Share	$0.02	$0.01	$0.01	$0.02	$0.03	$0.06	$0.01	$0.01	($0.01)	$0.01	$0.00
Weighted Average Diluted Shares Outstanding	186.99M	187.55M	182.85M	183.33M	181.43M	182.41M	180.70M	179.69M	170.17M	180.10M	162.47M
Weighted Average Basic & Diluted Shares Outstanding	165.96M	166.59M	167.10M	168.47M	169.13M	169.91M	170.23M	170.86M	169.81M	162.52M	162.55M

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
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	16	20	139	-38	-16	-59
Net Cash From Operating Activities	6.53	22	66	-35	101	81
Net Cash From Continuing Operating Activities	6.53	22	66	-35	100	81
Net Income / (Loss) Continuing Operations	0.11	50	-9.56	21	23	2.72
Consolidated Net Income / (Loss)	0.11	50	-9.56	21	23	2.72
Depreciation Expense	0.52	0.95	1.42	1.92	2.94	6.69
Non-Cash Adjustments To Reconcile Net Income	0.57	9.62	84	37	38	44
Changes in Operating Assets and Liabilities, net	5.34	-39	-9.14	-95	33	28
Net Cash From Investing Activities	-4.76	-2.26	-2.71	-5.85	-117	-95
Net Cash From Continuing Investing Activities	-4.76	-2.26	-2.71	-5.85	-117	-95
Purchase of Property, Plant & Equipment	-4.76	-2.26	-2.71	-5.35	-16	-17
Purchase of Investments	-	0.00	0.00	-0.50	-150	-274
Sale and/or Maturity of Investments	-	-	0.00	0.00	49	197
Net Cash From Financing Activities	14	0.29	76	3.52	0.67	-45
Net Cash From Continuing Financing Activities	14	0.29	76	3.52	0.67	-45
Repurchase of Common Equity	-	0.00	-0.78	0.00	0.00	-45
Issuance of Common Equity	0.00	0.00	96	0.00	0.00	0.25
Other Financing Activities, net	14	0.39	-19	3.52	0.67	0.44
Cash Income Taxes Paid	0.00	18	15	12	21	13

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 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	-15	4.19	-3.90	-9.15	36	-39	11	-24	-7.71	-38	4.36
Net Cash From Operating Activities	-13	4.55	-2.88	29	54	20	12	17	23	30	9.24
Net Cash From Continuing Operating Activities	-13	4.55	-2.88	29	54	20	12	17	23	30	9.24
Net Income / (Loss) Continuing Operations	4.04	3.39	1.91	4.58	6.15	10	1.44	1.10	-1.70	1.89	-0.10
Consolidated Net Income / (Loss)	4.04	3.39	1.91	4.58	6.15	10	1.44	1.10	-1.70	1.89	-0.10
Depreciation Expense	0.48	0.64	0.66	0.71	0.76	0.81	0.85	1.11	2.89	1.85	2.00
Non-Cash Adjustments To Reconcile Net Income	11	8.12	11	9.87	14	2.93	9.01	11	9.23	11	6.73
Changes in Operating Assets and Liabilities, net	-29	-7.60	-17	13	34	3.05	0.32	2.96	12	15	0.61
Net Cash From Investing Activities	-2.53	-1.09	-0.77	-39	-18	-59	-0.47	-40	-23	-31	-2.18
Net Cash From Continuing Investing Activities	-2.53	-1.09	-0.77	-39	-18	-59	-0.47	-40	-23	-31	-2.18
Purchase of Property, Plant & Equipment	-2.53	-1.09	-0.77	-0.84	-8.12	-6.62	-0.50	-8.99	-4.17	-3.36	-1.31
Purchase of Investments	-	-	0.00	-38	-27	-84	-41	-97	-54	-83	-55
Sale and/or Maturity of Investments	-	-	0.00	-	18	32	41	65	35	55	54
Other Investing Activities, net	-	-	-	-	-	-	0.00	-	-	-	-0.20
Net Cash From Financing Activities	1.24	0.73	-0.25	0.64	0.13	0.15	0.01	0.25	-7.27	-38	-2.69
Net Cash From Continuing Financing Activities	1.24	0.73	-0.25	0.64	0.13	0.15	0.01	0.25	-7.27	-38	-2.69
Repurchase of Common Equity	-	-	-	-	-	-	0.00	-	-	-38	-2.69
Other Financing Activities, net	-	3.04	-0.25	-	-	0.92	0.01	-	-	0.44	0.00

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

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	Q2 2022	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	6/30/2022	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	354	386	388	411	442	511	526	542	522
Total Current Assets	316	346	350	369	395	406	417	434	400
Cash & Equivalents	170	156	156	147	183	155	132	124	90
Short-Term Investments	-	-	-	39	49	104	137	158	161
Accounts Receivable	5.71	8.37	3.78	6.27	6.32	5.41	13	10	6.55
Inventories, net	128	168	180	168	143	130	119	123	132
Prepaid Expenses	12	14	9.58	9.85	13	11	17	19	10
Plant, Property, & Equipment, net	8.81	11	11	11	16	28	35	35	34
Total Noncurrent Assets	29	29	27	30	30	77	74	73	88
Long-Term Investments	-	-	-	-	-	-	-	-	28
Noncurrent Deferred & Refundable Income Taxes	11	11	11	12	13	18	16	18	11
Other Noncurrent Operating Assets	18	18	16	18	18	59	57	55	50
Total Liabilities & Shareholders' Equity	354	386	388	411	442	511	526	542	522
Total Liabilities	76	93	68	74	87	121	124	139	141
Total Current Liabilities	58	76	53	57	70	72	77	95	101
Accounts Payable	11	21	8.57	12	15	22	20	27	11
Accrued Expenses	28	32	21	18	16	17	22	29	54
Customer Deposits	2.37	3.42	3.50	3.31	2.64	2.71	3.51	4.63	3.70
Current Deferred Revenue	1.04	1.24	0.71	0.78	3.34	1.88	2.83	3.88	1.96
Current Deferred & Payable Income Tax Liabilities	0.00	0.00	0.38	3.29	9.67	3.81	1.64	0.35	0.62
Current Employee Benefit Liabilities	3.47	5.22	3.65	4.37	6.68	4.33	4.10	5.41	5.07
Other Taxes Payable	3.79	3.70	3.71	2.95	4.05	3.39	3.22	4.25	3.76
Other Current Liabilities	8.91	9.37	11	12	13	17	20	20	21
Total Noncurrent Liabilities	17	17	15	17	16	49	48	44	40
Other Noncurrent Operating Liabilities	17	17	15	17	16	49	48	44	40
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	278	292	320	337	355	390	402	404	382
Total Preferred & Common Equity	278	292	320	337	355	390	402	404	382
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	278	292	320	337	355	390	402	404	382
Common Stock	246	257	279	291	303	327	337	341	317
Retained Earnings	32	36	41	46	52	63	64	63	64
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-0.01	-0.00	-0.03	-0.05	0.22	-0.02

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

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

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	25.21%	12.59%	9.20%	12.99%	10.71%	0.01%	-0.78%	4.41%	-1.51%	4.77%	4.70%
EBITDA Growth	15.94%	-80.70%	-71.99%	-26.40%	-8.43%	362.77%	-67.56%	-63.35%	-153.64%	-22.97%	39.28%
EBIT Growth	15.24%	-84.11%	-76.02%	-30.57%	-11.27%	444.43%	-86.86%	-76.33%	-186.72%	-31.54%	-148.96%
NOPAT Growth	-49.70%	-76.06%	-83.80%	-22.72%	34.56%	183.66%	-86.55%	-89.53%	-216.99%	-84.28%	-94.04%
Net Income Growth	-41.85%	-73.08%	-78.55%	-5.56%	51.98%	194.90%	-24.83%	-75.99%	-127.66%	-81.15%	-107.11%
EPS Growth	-33.33%	-90.00%	-80.00%	-33.33%	50.00%	500.00%	0.00%	-50.00%	-133.33%	-83.33%	-100.00%
Operating Cash Flow Growth	-167.53%	-67.33%	64.06%	258.77%	505.57%	345.25%	503.30%	-43.75%	-58.27%	50.07%	-20.52%
Free Cash Flow Firm Growth	-252.43%	0.00%	-36.87%	36.91%	119.38%	127.31%	138.00%	147.07%	-125.07%	2.26%	-16.81%
Invested Capital Growth	287.22%	207.34%	122.35%	40.48%	-10.06%	-12.04%	-20.46%	-12.15%	-1.05%	-19.72%	-21.51%
Revenue Q/Q Growth	5.19%	12.68%	-17.02%	14.89%	3.06%	1.79%	-17.68%	20.90%	-2.78%	8.29%	-17.74%
EBITDA Q/Q Growth	18.27%	-72.20%	21.69%	83.94%	47.13%	40.51%	-91.86%	107.79%	-315.38%	301.76%	-84.57%
EBIT Q/Q Growth	18.62%	-76.69%	26.14%	99.09%	51.60%	43.00%	-96.96%	258.66%	-655.51%	212.89%	-102.18%
NOPAT Q/Q Growth	-20.34%	-20.80%	-52.58%	158.31%	38.72%	66.94%	-97.75%	101.10%	-1,649.76%	122.43%	-99.15%
Net Income Q/Q Growth	-16.65%	-16.15%	-43.70%	140.02%	34.13%	62.71%	-85.65%	-23.34%	-254.55%	210.88%	-105.41%
EPS Q/Q Growth	-33.33%	-50.00%	0.00%	100.00%	50.00%	100.00%	-83.33%	0.00%	-200.00%	200.00%	-100.00%
Operating Cash Flow Q/Q Growth	27.93%	134.11%	-163.29%	1,120.51%	84.10%	-62.55%	-42.67%	42.34%	36.57%	34.66%	-69.64%
Free Cash Flow Firm Q/Q Growth	-54.20%	0.92%	8.07%	55.08%	147.37%	39.60%	27.92%	-44.36%	-125.23%	669.53%	4.06%
Invested Capital Q/Q Growth	26.83%	8.11%	11.05%	-7.74%	-18.80%	5.74%	0.42%	1.89%	-8.54%	-14.22%	-1.81%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	70.64%	68.22%	71.26%	69.52%	68.41%	67.53%	68.85%	67.44%	67.06%	67.31%	67.62%
EBITDA Margin	9.09%	2.24%	3.29%	5.27%	7.52%	10.38%	1.08%	1.85%	-4.10%	7.63%	1.43%
Operating Margin	8.72%	2.25%	2.74%	4.75%	6.99%	9.82%	0.37%	1.08%	-6.15%	5.86%	-0.17%
EBIT Margin	8.72%	1.80%	2.74%	4.75%	6.99%	9.82%	0.36%	1.08%	-6.15%	6.41%	-0.17%
Profit (Net Income) Margin	3.14%	2.34%	1.59%	3.32%	4.32%	6.90%	1.20%	0.76%	-1.21%	1.24%	-0.08%
Tax Burden Percent	34.23%	93.21%	43.70%	56.69%	51.87%	60.58%	43.75%	25.10%	29.82%	15.23%	-5.47%
Interest Burden Percent	105.39%	139.23%	132.52%	123.18%	119.11%	116.03%	757.51%	282.23%	66.08%	127.10%	-879.25%
Effective Tax Rate	65.77%	6.79%	56.30%	43.31%	48.13%	39.42%	56.25%	74.90%	0.00%	84.77%	105.47%
Return on Invested Capital (ROIC)	16.97%	10.82%	5.19%	11.04%	15.22%	23.34%	0.60%	1.05%	-19.30%	4.23%	0.04%
ROIC Less NNEP Spread (ROIC-NNEP)	16.85%	10.62%	4.92%	10.56%	14.72%	22.66%	0.00%	0.73%	-20.99%	4.02%	0.09%
Return on Net Nonoperating Assets (RNNOA)	-11.18%	-6.86%	-2.91%	-6.11%	-8.81%	-13.45%	0.00%	-0.45%	14.22%	-2.77%	-0.06%
Return on Equity (ROE)	5.79%	3.96%	2.28%	4.94%	6.41%	9.88%	0.60%	0.60%	-5.09%	1.46%	-0.02%
Cash Return on Invested Capital (CROIC)	0.00%	-80.79%	-64.86%	-24.31%	20.78%	26.39%	34.59%	22.47%	4.70%	22.25%	24.23%
Operating Return on Assets (OROA)	12.74%	2.58%	3.87%	6.61%	9.22%	12.34%	0.44%	1.27%	-6.86%	7.25%	-0.18%
Return on Assets (ROA)	4.60%	3.35%	2.24%	4.61%	5.69%	8.67%	1.46%	0.90%	-1.35%	1.40%	-0.09%
Return on Common Equity (ROCE)	5.79%	3.96%	2.28%	4.94%	6.41%	9.88%	0.60%	0.60%	-5.09%	1.46%	-0.02%
Return on Equity Simple (ROE_SIMPLE)	10.39%	0.00%	4.43%	4.13%	4.51%	0.00%	5.68%	4.65%	2.69%	0.00%	0.31%
Net Operating Profit after Tax (NOPAT)	3.84	3.04	1.44	3.72	5.16	8.62	0.19	0.39	-6.04	1.36	0.01
NOPAT Margin	2.98%	2.10%	1.20%	2.69%	3.63%	5.95%	0.16%	0.27%	-4.31%	0.89%	0.01%
Net Nonoperating Expense Percent (NNEP)	0.12%	0.20%	0.27%	0.48%	0.51%	0.68%	0.60%	0.31%	1.69%	0.20%	-0.04%
Return On Investment Capital (ROIC_SIMPLE)	-	0.99%	-	-	-	2.29%	-	-	-	0.36%	0.00%
Cost of Revenue to Revenue	29.36%	31.78%	28.74%	30.48%	31.59%	32.47%	31.15%	32.56%	32.94%	32.69%	32.38%
SG&A Expenses to Revenue	46.34%	51.18%	54.32%	49.65%	48.06%	43.82%	54.03%	50.41%	52.87%	48.41%	53.25%
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	61.92%	65.97%	68.52%	64.77%	61.42%	57.71%	68.48%	66.36%	73.22%	61.45%	67.79%
Earnings before Interest and Taxes (EBIT)	11	2.61	3.30	6.56	9.95	14	0.43	1.55	-8.63	9.74	-0.21
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	12	3.25	3.96	7.28	11	15	1.28	2.67	-5.74	12	1.79
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.66	3.63	3.22	4.10	2.80	3.12	2.17	2.26	2.90	2.79	1.96
Price to Tangible Book Value (P/TBV)	4.66	3.63	3.22	4.10	2.80	3.12	2.17	2.26	2.90	2.79	1.96
Price to Revenue (P/Rev)	2.79	2.21	2.00	2.60	1.82	2.15	1.55	1.65	2.13	1.89	1.33
Price to Earnings (P/E)	44.89	52.72	72.64	99.23	62.01	51.93	38.18	48.57	107.86	386.44	630.57
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	2.23%	1.90%	1.38%	1.01%	1.61%	1.93%	2.62%	2.06%	0.93%	0.26%	0.16%
Enterprise Value to Invested Capital (EV/IC)	8.83	6.47	5.33	7.89	6.19	7.14	4.49	4.80	7.28	7.45	4.55
Enterprise Value to Revenue (EV/Rev)	2.47	1.89	1.70	2.25	1.40	1.70	1.08	1.16	1.62	1.40	0.83
Enterprise Value to EBITDA (EV/EBITDA)	23.00	24.58	30.42	45.72	30.25	23.31	17.11	21.51	66.96	79.50	45.36
Enterprise Value to EBIT (EV/EBIT)	23.77	25.86	32.94	50.53	33.98	27.29	18.83	24.42	116.94	251.28	190.39
Enterprise Value to NOPAT (EV/NOPAT)	40.20	46.45	66.47	98.53	57.55	49.18	33.73	47.05	199.07	1,812.00	3,167.04
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	67.50	8.94	9.20	5.09	6.23	12.49	9.59	5.93
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	28.21	25.31	11.51	19.96	154.24	29.83	16.53
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	-0.66	-0.65	-0.59	-0.58	-0.60	-0.59	-0.58	-0.61	-0.68	-0.69	-0.70
Leverage Ratio	1.31	1.28	1.25	1.24	1.28	1.27	1.27	1.27	1.30	1.30	1.34
Compound Leverage Factor	1.38	1.78	1.66	1.53	1.52	1.47	9.59	3.58	0.86	1.66	-11.78
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	11.11	9.98	11.53	13.60	9.24	9.59	6.22	6.38	6.92	6.77	5.11
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	4.52	4.99	6.63	6.50	5.63	6.73	5.65	5.45	4.58	4.25	3.96
Quick Ratio	2.14	2.33	3.03	3.37	3.40	4.44	3.68	3.67	3.08	2.81	2.55
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-98	-97	-89	-40	19	26	34	19	-4.75	27	28
Operating Cash Flow to CapEx	-527.72%	416.85%	-373.19%	3,495.96%	666.59%	306.39%	2,342.54%	183.91%	541.81%	904.43%	704.96%
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	1.46	1.43	1.41	1.39	1.32	1.26	1.21	1.18	1.11	1.13	1.09
Accounts Receivable Turnover	74.57	108.70	154.23	88.80	74.32	76.13	118.49	58.02	65.26	69.04	93.79
Inventory Turnover	1.21	1.15	1.09	1.09	1.08	1.14	1.10	1.23	1.33	1.53	1.40
Fixed Asset Turnover	53.85	54.28	54.43	52.64	40.22	30.41	27.72	23.61	21.22	18.48	18.05
Accounts Payable Turnover	8.20	8.53	12.06	14.24	9.27	9.46	11.13	11.06	8.36	14.90	11.12
Days Sales Outstanding (DSO)	4.90	3.36	2.37	4.11	4.91	4.79	3.08	6.29	5.59	5.29	3.89
Days Inventory Outstanding (DIO)	300.88	318.34	334.97	336.03	338.79	321.34	331.20	297.46	274.31	238.15	261.01
Days Payable Outstanding (DPO)	44.53	42.81	30.26	25.64	39.37	38.58	32.80	32.99	43.64	24.49	32.82
Cash Conversion Cycle (CCC)	261.25	278.88	307.07	314.51	304.33	287.56	301.47	270.76	236.26	218.94	232.08
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	137	148	164	152	123	130	131	133	122	104	103
Invested Capital Turnover	5.69	5.16	4.33	4.10	4.20	3.92	3.69	3.87	4.48	4.74	4.81
Increase / (Decrease) in Invested Capital	102	100	90	44	-14	-18	-34	-18	-1.30	-26	-28
Enterprise Value (EV)	1,209	957	875	1,197	762	929	587	639	887	778	467
Market Capitalization	1,364	1,117	1,031	1,382	994	1,175	846	907	1,169	1,051	746
Book Value per Share	$1.77	$1.85	$1.92	$2.02	$2.11	$2.23	$2.29	$2.36	$2.36	$2.22	$2.35
Tangible Book Value per Share	$1.77	$1.85	$1.92	$2.02	$2.11	$2.23	$2.29	$2.36	$2.36	$2.22	$2.35
Total Capital	292	308	320	337	355	377	390	402	404	377	382
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	-156	-160	-156	-185	-232	-247	-259	-269	-282	-273	-279
Capital Expenditures (CapEx)	2.53	1.09	0.77	0.84	8.12	6.62	0.50	8.99	4.17	3.36	1.31
Debt-free, Cash-free Net Working Capital (DFCFNWC)	114	125	141	127	93	82	75	72	58	48	48
Debt-free Net Working Capital (DFNWC)	269	285	297	312	325	328	334	341	340	293	299
Net Working Capital (NWC)	269	285	297	312	325	328	334	341	340	293	299
Net Nonoperating Expense (NNE)	-0.21	-0.35	-0.47	-0.86	-0.98	-1.38	-1.24	-0.71	-4.34	-0.53	0.11
Net Nonoperating Obligations (NNO)	-156	-160	-156	-185	-232	-247	-259	-269	-282	-273	-279
Total Depreciation and Amortization (D&A)	0.48	0.64	0.66	0.71	0.76	0.81	0.85	1.11	2.89	1.85	2.00
Debt-free, Cash-free Net Working Capital to Revenue	23.25%	24.78%	27.32%	23.90%	16.99%	14.97%	13.69%	13.09%	10.54%	8.55%	8.47%
Debt-free Net Working Capital to Revenue	55.03%	56.36%	57.53%	58.74%	59.53%	60.18%	61.27%	61.84%	61.89%	52.67%	53.24%
Net Working Capital to Revenue	55.03%	56.36%	57.53%	58.74%	59.53%	60.18%	61.27%	61.84%	61.89%	52.67%	53.24%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.02	$0.03	$0.01	$0.03	$0.04	$0.05	$0.01	$0.01	($0.01)	$0.01	$0.00
Adjusted Weighted Average Basic Shares Outstanding	165.54M	165.27M	166.77M	167.42M	168.67M	168.07M	169.92M	170.39M	170.17M	169.20M	162.47M
Adjusted Diluted Earnings per Share	$0.02	$0.01	$0.01	$0.02	$0.03	$0.06	$0.01	$0.01	($0.01)	$0.01	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	186.99M	187.55M	182.85M	183.33M	181.43M	182.41M	180.70M	179.69M	170.17M	180.10M	162.47M
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	165.96M	166.59M	167.10M	168.47M	169.13M	169.91M	170.23M	170.86M	169.81M	162.52M	162.55M
Normalized Net Operating Profit after Tax (NOPAT)	7.85	3.04	2.31	3.72	5.16	8.62	0.31	1.09	-6.04	6.23	-0.15
Normalized NOPAT Margin	6.10%	2.10%	1.92%	2.69%	3.63%	5.95%	0.26%	0.75%	-4.31%	4.10%	-0.12%
Pre Tax Income Margin	9.19%	2.51%	3.63%	5.85%	8.32%	11.39%	2.75%	3.04%	-4.07%	8.15%	1.49%
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%	0.00%	0.00%	0.00%	0.00%	67.16%	1,671.10%	4,069.48%

Key Financial Trends

FIGS, Inc. reported Q1 2025 revenue of $124.9 million, a 4.7% increase versus Q1 2024, with gross margin holding at ~67.6%. Operating cash flow remained positive at $9.2 million and free cash flow to the firm rose to $28.1 million. The company ended the quarter debt-free with $90.0 million in cash & equivalents and $161.2 million in short-term investments. On the downside, FIGS recorded a slight operating loss of $0.2 million and a net loss of $0.1 million in Q1 2025. Valuation multiples are elevated, with a trailing P/E above 600x.

Year-over-year revenue growth of 4.7% in Q1 2025 to $124.9 million.
Strong and stable gross margin of 67.6%, on par with prior year.
Operating cash flow of $9.2 million and free cash flow to firm of $28.1 million in Q1 2025.
Debt-free balance sheet with net cash position of ~$278.9 million.
Cash & equivalents of $90.0 million plus $161.2 million in short-term investments.
Current ratio remains healthy at 3.96x, supporting liquidity.
Working capital-to-revenue ratio steady at ~53.2%.
Inventories remain elevated at $131.6 million, reflecting continued product build.
Slight operating loss of $0.2 million in Q1 2025, compared to a small profit a year ago.
Net loss of $0.1 million in Q1 2025 and diluted EPS of $0.00.
Valuation stretched with P/E above 600x and EV/EBITDA at ~45x.

07/02/25 04:00 PMAI Generated. May Contain Errors.

Frequently Asked Questions About FIGS's Financials

When does FIGS's financial year end?

According to the most recent income statement we have on file, FIGS's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has FIGS's net income changed over the last 5 years?

FIGS's net income appears to be on a downward trend, with a most recent value of $2.72 million in 2024, rising from $112 thousand in 2019. The previous period was $22.64 million in 2023. Find out what analysts predict for FIGS in the coming months.

What is FIGS's operating income?

FIGS's total operating income in 2024 was $2.27 million, based on the following breakdown:

Total Gross Profit: $375.62 million
Total Operating Expenses: $373.36 million

How has FIGS's revenue changed over the last 5 years?

Over the last 5 years, FIGS's total revenue changed from $110.49 million in 2019 to $555.56 million in 2024, a change of 402.8%.

How much debt does FIGS have?

FIGS's total liabilities were at $132.66 million at the end of 2024, a 37.7% increase from 2023, and a 266.7% increase since 2020.

How much cash does FIGS have?

In the past 4 years, FIGS's cash and equivalents has ranged from $58.13 million in 2020 to $195.37 million in 2021, and is currently $85.65 million as of their latest financial filing in 2024.

How has FIGS's book value per share changed over the last 5 years?

Over the last 5 years, FIGS's book value per share changed from 0.00 in 2019 to 2.22 in 2024, a change of 222.1%.

Related Companies

This page (NYSE:FIGS) was last updated on 7/2/2025 by MarketBeat.com Staff

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FIGS (FIGS) Financials

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FIGS (FIGS) Financials

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