SequelSEC

FIGS, Inc. FIGS

Apparel & Other Finishd Prods of Fabrics & Similar Matl · CIK 0001846576 · Fiscal year ends 1231

AnnualQuarterlyTTM
Revenue
$631.10M
Fiscal year ended 2025-12-31
Operating income
$38.15M
Fiscal year ended 2025-12-31
Free cash flow
$53.00M
Fiscal year ended 2025-12-31

FIGS, Inc. (FIGS) reported revenue of $631.10M and net income of $34.25M for the fiscal year ended 2025-12-31. This page shows 7 annual periods of income statement, balance sheet and cash flow figures normalized from FIGS, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Apparel & Other Finishd Prods of Fabrics & Similar Matl.

Income

FIGS, Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Revenue$631.10M$555.56M$545.65M$505.84M$419.59M$263.11M$110.49M
Cost of revenue$211.26M$179.94M$168.68M$151.38M$118.37M$72.89M$31.16M
Gross profit$419.84M$375.62M$376.96M$354.46M$301.22M$190.22M$79.34M
Operating income$38.15M$2.26M$34.04M$37.67M$10.98M$57.94M-$347.00K
Net income$34.25M$2.72M$22.64M$21.19M-$9.56M$49.76M$112.00K
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 179.49Mshares 180.10Mshares 182.41Mshares 187.55Mshares 159.18Mshares 163.33Mshares 153.62M
Pretax income$47.21M$14.34M$40.81M$38.73M$9.86M$58.08M$112.00K
Income tax expense$12.96M$11.62M$18.17M$17.54M$19.42M$8.32M$0
Diluted EPS$0.19$0.02$0.12$0.11$-0.06$0.30$0.00
Selling, general & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
General & administrative$142.74M$142.88M$140.68M$120.65M$149.60M$41.54M$21.65M
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

FIGS, Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Cash & equivalents$81.98M$85.64M$144.17M$159.78M$195.37M$58.13MUnavailable
Total assets$580.00M$509.79M$473.21M$395.06M$311.75M$133.86MUnavailable
Current assets$447.28M$382.77M$385.66M$356.50M$293.34M$120.31MUnavailable
Total liabilities$142.53M$132.66M$96.36M$87.32M$66.18M$36.18MUnavailable
Current liabilities$90.52M$90.14M$57.29M$71.39M$62.39M$32.52MUnavailable
Total equity incl. NCI$437.46M$377.13M$376.85M$307.74M$245.57M$97.68M$38.81M
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Inventory$127.97M$115.76M$119.04M$177.98M$86.07M$49.74MUnavailable
Accounts receivable$5.35M$6.64M$6.55M$6.29M$1.65M$5.78MUnavailable
GoodwillUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debtUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts payable$18.19M$9.40M$14.75M$20.91M$14.60M$11.96MUnavailable

Cash flow

FIGS, Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Operating cash flow$61.17M$81.16M$100.92M-$35.33M$66.44M$21.75M$6.53M
Capital expenditures$8.17M$17.02M$16.35M$5.35M$2.71M$2.26MUnavailable
Investing cash flow-$63.96M-$94.92M-$117.19M-$5.85M-$2.71M-$2.26M-$4.76M
Financing cash flow-$969.00K-$44.77M$670.00K$3.52M$75.57M$294.00K$14.00M
Net change in cash-$3.66M-$58.53M-$15.60M-$37.66M$139.30M$19.78M$15.77M
Stock-based compensation$26.87M$42.67M$45.80M$37.46M$81.14M$8.71M$179.00K
Common dividends paidUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchases$2.69M$45.45M$0$0UnavailableUnavailableUnavailable
Depreciation & amortization$9.04M$6.69M$2.94M$1.92M$1.42M$946.00K$500.00K

Derived

FIGS, Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Free cash flow$53.00M$64.14M$84.57M-$40.68M$63.72M$19.49MUnavailable
Gross margin66.5%67.6%69.1%70.1%71.8%72.3%71.8%
Operating margin6.0%0.4%6.2%7.4%2.6%22.0%-0.3%
FCF margin8.4%11.5%15.5%-8.0%15.2%7.4%Unavailable
SBC / revenue4.3%7.7%8.4%7.4%19.3%3.3%0.2%
Current ratio4.94x4.25x6.73x4.99x4.70x3.70xUnavailable
Revenue YoY growth13.6%1.8%7.9%20.6%59.5%138.1%Unavailable
Net margin5.4%0.5%4.1%4.2%-2.3%18.9%0.1%
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenue1.3%3.1%3.0%1.1%0.6%0.9%Unavailable
Long-term debt / equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rate27.4%81.0%44.5%45.3%196.9%14.3%0.0%

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open FIGS in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-06View SEC filing
10-Q · Filed 2026-05-07View SEC filing
10-K · Filed 2026-02-26View SEC filing
10-Q · Filed 2025-11-06View SEC filing
10-Q · Filed 2025-08-07View SEC filing
10-Q · Filed 2025-05-08View SEC filing

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Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.