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NYSE · Consumer Discretionary

FIGS, Inc. (FIGS)

As-reported financials and SEC filings for FIGS, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About FIGS, Inc.

FIGS, Inc. is a direct-to-consumer healthcare apparel and lifestyle brand that designs and sells scrubs and related products for healthcare professionals. Its offerings include scrubwear, outerwear, footwear, compression socks, lab coats, and loungewear, all designed to meet the specific needs of medical workers. The company serves healthcare professionals primarily through its digital platform, physical retail stores called Community Hubs, and a B2B business.

Snapshot

Revenue
$631.1M
Revenue growth (YoY)
13.6%
Net income
$34.3M
Diluted EPS
$0.19
Gross margin
66.5%
Operating margin
6.0%
Net margin
5.4%
FCF margin
8.4%
ROE
7.8%
net income / fiscal-year-end equity
P/E
44.5×
trailing when available, otherwise FY EPS
Market cap
$2.44B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at FIGS

  • Revenue grew 13.6% to $631M in FY2025, faster than the 1.8% the year before.
  • Operating margin is 6.0% in FY2025, +3.4 pp against 2.6% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $197M, up 28.8% from Q2 FY2025.
  • Free cash flow was $53M in FY2025, 8.4% of revenue.
  • Net income rose more than tenfold to $34M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where FIGS’s fundamentals sit among the 403 Consumer Discretionary companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin66.5%
91st percentile of 275
Operating margin6.0%
60th percentile of 348
Net margin5.4%
67th percentile of 377
FCF margin8.4%
74th percentile of 351
Revenue growth (YoY)+13.6%
83rd percentile of 394
ROE7.8%
52nd percentile of 343
P/E44.5×
88th percentile of 249
Short interest4.25d
54th percentile of 401

FIGS’s gross margin of 66.5% ranks in the 91st percentile of the 275 Consumer Discretionary companies reporting it. FIGS’s P/E of 44.5 ranks in the 88th percentile of the 249 peers with a meaningful P/E.

No reported insider transactions (codes P/S) in the last 90 days. For context, about 14% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+6 quant / multi-strat
Initiated / added
3
0 new, 3 added
Reduced / exited
6
4 trimmed, 2 exited
Combined position
$70.8M
reported long value
InvestorAs ofPosition valueSharesChange
Two Sigma InvestmentsquantQ2 2026$24.9M2.4MReduced
Citadel AdvisorsquantQ2 2026$18.5M1.8MAdded
Renaissance TechnologiesquantQ2 2026$17.2M1.7MAdded
D. E. ShawquantQ2 2026$4.2M410.2KReduced
AQR Capital ManagementquantQ2 2026$3.0M296.0KReduced
Point72 Asset ManagementquantQ2 2026$2.6M252.7KAdded
Bridgewater AssociatesQ2 2026$459,17444.9KReduced

No longer held by: Gotham Asset Management (as of Q2 2026), Polen Capital Management (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
0
Reported activity
Quiet
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-05-04
filed 2026-05-06
Hasson Heather L.Executive ChairmanSell32.4K$14.33$464K
2026-05-04
filed 2026-05-06
Oughtred SarahChief Financial OfficerSell23.6K$14.33$338K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
18.0M
settled 2026-08-14
Change vs prior
-10.2%
vs previous settlement
Days to cover
4.25
at avg daily volume
Avg daily volume
4.2M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1418.0M-10.2%4.25
2026-07-3120.0M+0.6%6.81
2026-07-1519.9M+13.4%6.71
2026-06-3017.6M+25.4%4.92
2026-06-1514.0M+4.2%5.53
2026-05-2913.4M-0.3%4.57
2026-05-1513.5M-4.3%2.60
2026-04-3014.1M+14.1%5.17

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$631.1M$555.6M$545.6M$505.8M$419.6M
Gross profit$419.8M$375.6M$377.0M$354.5M$301.2M
Operating income$38.1M$2.3M$34.0M$37.7M$11.0M
Net income$34.3M$2.7M$22.6M$21.2M$-9.6M
Diluted EPS$0.19$0.02$0.12$0.11$-0.06

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$82.0M$85.6M$144.2M$159.8M$195.4M
Current assets$447.3M$382.8M$385.7M$356.5M$293.3M
Total assets$580.0M$509.8M$473.2M$395.1M$311.8M
Current liabilities$90.5M$90.1M$57.3M$71.4M$62.4M
Long-term debt
Total liabilities$142.5M$132.7M$96.4M$87.3M$66.2M
Total equity$437.5M$377.1M$376.9M$307.7M$245.6M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$61.2M$81.2M$100.9M$-35.3M$66.4M
Capital expenditure$8.2M$17.0M$16.3M$5.3M$2.7M
Free cash flow$53.0M$64.1M$84.6M$-40.7M$63.7M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$196.6M28.8%$28.4M$0.15
Q1 FY2026$159.9M28.0%$6.3M$0.03
Q4 FY2025$201.9M33.0%$18.5M$0.10
Q3 FY2025$151.7M8.2%$8.7M$0.05
Q2 FY2025$152.6M5.8%$7.1M$0.04
Q1 FY2025$124.9M4.7%$-102,000$0.00
Q4 FY2024$151.8M4.8%$1.9M$0.01
Q3 FY2024$140.2M-1.5%$-1.7M$-0.01

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorConsumer Discretionary
SIC industryApparel & Other Finishd Prods of Fabrics & Similar Matl
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2021
SEC CIK1846576

Selected SEC filings

10-K2026-02-26
View on EDGAR →
10-Q2026-08-06
View on EDGAR →
10-Q2026-05-07
View on EDGAR →
8-K2026-08-06
View on EDGAR →
8-K2026-06-08
View on EDGAR →
8-K2026-05-07
View on EDGAR →
8-K2026-02-26
View on EDGAR →

Largest Consumer Discretionary peers

All Consumer Discretionary companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.