NYSE : FIGS
FIGS, Inc. — Financial statements
Consumer Discretionary · Apparel Manufacturing · United States
Last price 21.56 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 3.58B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
FIGS, Inc. (FIGS) reported revenue of 710.08M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 710.08M | 631.10M | 555.56M | 545.65M | 505.83M | 419.59M |
| Cost of Revenue | 220.79M | 211.26M | 179.94M | 168.68M | 151.38M | 118.37M |
| Gross Profit | 489.29M | 419.84M | 375.62M | 376.96M | 354.46M | 301.22M |
| Selling, General & Admin | 421.10M | 381.69M | 373.36M | 342.92M | 316.79M | 290.24M |
| Operating Expenses | 421.10M | 381.69M | 373.36M | 342.92M | 316.79M | 290.24M |
| Operating Income | 68.19M | 38.15M | 2.27M | 34.05M | 37.67M | 10.98M |
| Interest Expense | -239.00K | |||||
| Interest & Investment Income | 8.94M | 8.75M | 11.24M | 6.78M | 1.71M | |
| Other Non Operating Income (Expenses) | -487.00K | 312.00K | 833.00K | -13.00K | -647.00K | -885.00K |
| Pretax Income | 76.64M | 47.21M | 14.34M | 40.81M | 38.73M | 9.86M |
| Income Tax Expense | 14.72M | 12.96M | 11.62M | 18.17M | 17.54M | 19.41M |
| Net Income | 61.92M | 34.25M | 2.72M | 22.64M | 21.19M | -9.56M |
| Net Income to Common | 61.92M | 34.25M | 2.72M | 22.64M | 21.19M | -9.56M |
| Shares Outstanding (Basic) | 165.41M | 163.46M | 169.20M | 168.07M | 165.27M | 159.18M |
| Shares Outstanding (Diluted) | 190.54M | 179.49M | 180.10M | 182.41M | 187.55M | 159.18M |
| EPS (Basic) | 0.37 | 0.21 | 0.02 | 0.13 | 0.13 | -0.06 |
| EPS (Diluted) | 0.33 | 0.19 | 0.02 | 0.12 | 0.11 | -0.06 |
| Free Cash Flow | 97.22M | 53.00M | 64.14M | 84.57M | -40.68M | 63.73M |
| Free Cash Flow Per Share | 0.51 | 0.29 | 0.36 | 0.46 | -0.22 | 0.40 |
| Gross Margin | 68.91% | 66.53% | 67.61% | 69.09% | 70.07% | 71.79% |
| Operating Margin | 9.60% | 6.04% | 0.41% | 6.24% | 7.45% | 2.62% |
| Profit Margin | 8.72% | 5.43% | 0.49% | 4.15% | 4.19% | -2.28% |
| Free Cash Flow Margin | 13.69% | 8.40% | 11.54% | 15.50% | -8.04% | 15.19% |
| EBITDA | 78.85M | 47.18M | 8.96M | 36.99M | 39.59M | 12.41M |
| EBITDA Margin | 11.11% | 7.48% | 1.61% | 6.78% | 7.83% | 2.96% |
| D&A For EBITDA | 10.66M | 9.04M | 6.69M | 2.94M | 1.92M | 1.42M |
| EBIT | 68.19M | 38.15M | 2.27M | 34.05M | 37.67M | 10.98M |
| EBIT Margin | 9.60% | 6.04% | 0.41% | 6.24% | 7.45% | 2.62% |
| Effective Tax Rate | 19.20% | 27.45% | 81.03% | 44.53% | 45.29% | 196.93% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 108.54M | 81.98M | 85.64M | 144.17M | 159.78M | 195.37M |
| Short-Term Investments | 187.75M | 218.86M | 159.47M | 102.52M | ||
| Cash & Short-Term Investments | 296.29M | 300.85M | 245.11M | 246.69M | 159.78M | 195.37M |
| Accounts Receivable | 6.75M | 5.35M | 6.64M | 6.55M | 6.29M | 1.65M |
| Other Receivables | 16.54M | 919.00K | 1.99M | 920.00K | 578.00K | 788.00K |
| Receivables | 23.29M | 6.27M | 8.62M | 7.47M | 6.87M | 2.44M |
| Inventory | 120.30M | 128.42M | 116.43M | 122.05M | 180.06M | 86.87M |
| Prepaid Expenses | 11.93M | 10.63M | 11.60M | 8.17M | 8.77M | 5.44M |
| Restricted Cash | 2.06M | |||||
| Other Current Assets | 1.12M | 1.12M | 1.00M | 1.27M | 1.02M | 1.16M |
| Total Current Assets | 452.93M | 447.29M | 382.77M | 385.66M | 356.50M | 293.34M |
| Property, Plant & Equipment | 87.37M | 91.07M | 85.77M | 67.92M | 26.34M | 7.61M |
| Long-Term Investments | 27.73M | 27.73M | 27.53M | |||
| Long-Term Deferred Tax Assets | 12.18M | 12.19M | 11.64M | 18.29M | 10.97M | 10.24M |
| Other Long-Term Assets | 2.47M | 1.72M | 2.07M | 1.34M | 1.26M | 560.00K |
| Total Assets | 582.68M | 580.00M | 509.79M | 473.21M | 395.06M | 311.75M |
| Accounts Payable | 9.06M | 18.19M | 9.40M | 14.75M | 20.91M | 14.60M |
| Accrued Expenses | 53.98M | 41.99M | 51.71M | 18.37M | 32.95M | 34.87M |
| Current Portion of Leases | 9.00M | 8.18M | 10.60M | 8.23M | 3.41M | |
| Current Income Taxes Payable | 1.02M | 1.89M | 346.00K | 2.56M | 3.97M | |
| Current Unearned Revenue | 14.23M | 16.11M | 14.22M | 10.40M | 10.67M | 6.19M |
| Other Current Liabilities | 4.08M | 4.17M | 3.87M | 2.99M | 3.46M | 2.76M |
| Total Current Liabilities | 91.38M | 90.52M | 90.14M | 57.29M | 71.39M | 62.39M |
| Long-Term Leases | 48.66M | 51.83M | 42.43M | 38.88M | 15.76M | |
| Other Long-Term Liabilities | 264.00K | 182.00K | 83.00K | 183.00K | 176.00K | 3.79M |
| Total Liabilities | 140.31M | 142.53M | 132.66M | 96.36M | 87.33M | 66.18M |
| Common Stock | 16.00K | 16.00K | 15.00K | 16.00K | 16.00K | 16.00K |
| Additional Paid-In Capital | 309.20M | 338.53M | 312.62M | 315.07M | 268.61M | 227.63M |
| Retained Earnings | 133.39M | 98.72M | 64.47M | 61.75M | 39.12M | 17.93M |
| Comprehensive Income & Other | -240.00K | 196.00K | 21.00K | 5.00K | ||
| Shareholders' Equity | 442.37M | 437.46M | 377.13M | 376.85M | 307.74M | 245.57M |
| Total Liabilities & Equity | 582.68M | 580.00M | 509.79M | 473.21M | 395.06M | 311.75M |
| Total Debt | 57.67M | 60.00M | 53.03M | 47.11M | 19.16M | |
| Net Cash (Debt) | 238.62M | 240.84M | 192.09M | 199.58M | 140.61M | 195.37M |
| Net Cash Per Share | 1.25 | 1.34 | 1.07 | 1.09 | 0.75 | 1.23 |
| Filing Date Shares Outstanding | 166.14M | 166.38M | 162.52M | 169.91M | 166.59M | 164.27M |
| Total Common Shares Outstanding | 165.76M | 165.84M | 162.29M | 169.74M | 166.56M | 164.26M |
| Working Capital | 361.54M | 356.76M | 292.62M | 328.37M | 285.11M | 230.95M |
| Book Value Per Share | 2.67 | 2.64 | 2.32 | 2.22 | 1.85 | 1.50 |
| Tangible Book Value | 442.37M | 437.46M | 377.13M | 376.85M | 307.74M | 245.57M |
| Tangible Book Value Per Share | 2.67 | 2.64 | 2.32 | 2.22 | 1.85 | 1.50 |
| Machinery | 33.09M | 31.86M | 30.02M | 7.28M | 6.46M | 3.96M |
| Construction In Progress | 739.00K | 693.00K | 2.82M | 13.55M | 11.00K | 431.00K |
| Leasehold Improvements | 8.67M | 7.57M | 5.27M | 3.70M | 3.13M | 3.08M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 61.92M | 34.25M | 2.72M | 22.64M | 21.19M | -9.56M |
| Depreciation & Amortization | 10.66M | 9.04M | 6.69M | 2.94M | 1.92M | 1.42M |
| Loss (Gain) From Sale of Investments | -2.01M | -3.73M | -6.50M | -1.68M | ||
| Stock-Based Compensation | 24.44M | 26.87M | 42.67M | 45.80M | 37.46M | 81.14M |
| Other Operating Activities | 9.52M | 9.45M | 15.13M | -4.46M | 1.65M | -3.73M |
| Change in Accounts Receivable | -14.28M | 2.35M | -1.22M | -603.00K | -4.42M | 3.34M |
| Change in Inventory | 15.97M | -12.21M | 3.28M | 58.94M | -91.91M | -36.33M |
| Change in Accounts Payable | -9.97M | 8.76M | -5.33M | -6.19M | 6.32M | 2.85M |
| Change in Unearned Revenue | 1.21M | 1.89M | 3.82M | -268.00K | 4.48M | 1.39M |
| Change in Income Taxes | 368.00K | 1.55M | -2.21M | 2.56M | -3.97M | 4.43M |
| Change in Other Net Operating Assets | 10.19M | -17.06M | 22.11M | -18.76M | -8.04M | 21.49M |
| Operating Cash Flow | 108.02M | 61.17M | 81.16M | 100.92M | -35.33M | 66.44M |
| Capital Expenditures | -10.79M | -8.17M | -17.02M | -16.35M | -5.35M | -2.71M |
| Investment in Securities | 1.83M | -55.79M | -77.90M | -100.84M | -500.00K | |
| Investing Cash Flow | -10.14M | -63.96M | -94.92M | -117.19M | -5.85M | -2.71M |
| Issuance of Common Stock | 2.36M | 1.72M | 688.00K | 916.00K | 3.52M | 98.09M |
| Repurchase of Common Stock | -42.58M | -2.69M | -45.45M | -246.00K | -21.56M | |
| Other Financing Activities | -961.00K | |||||
| Financing Cash Flow | -40.21M | -969.00K | -44.77M | 670.00K | 3.52M | 75.57M |
| Foreign Exchange Rate Adjustments | 24.00K | 100.00K | ||||
| Net Cash Flow | 57.69M | -3.66M | -58.53M | -15.60M | -37.66M | 139.30M |
| Free Cash Flow | 97.22M | 53.00M | 64.14M | 84.57M | -40.68M | 63.73M |
| Free Cash Flow Margin | 13.69% | 8.40% | 11.54% | 15.50% | -8.04% | 15.19% |
| Free Cash Flow Per Share | 0.51 | 0.29 | 0.36 | 0.46 | -0.22 | 0.40 |
| Levered Free Cash Flow | 78.62M | 45.60M | 65.56M | 92.51M | -35.59M | 80.66M |
| Unlevered Free Cash Flow | 78.62M | 45.60M | 65.56M | 92.51M | -35.59M | 80.80M |
| Cash Income Tax Paid | 8.42M | 8.42M | 13.14M | 21.10M | 11.90M | 15.00M |
| Change in Working Capital | 3.49M | -14.71M | 20.44M | 35.67M | -97.55M | -2.84M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.64B | 1.87B | 1.05B | 1.18B | 1.12B | 4.50B |
| Enterprise Value | 3.40B | 1.68B | 825.31M | 963.58M | 981.25M | 4.32B |
| Last Close Price | 21.31 | 11.36 | 6.19 | 6.95 | 6.73 | 27.56 |
| PE Ratio | 66.87 | 54.56 | 386.44 | 51.93 | 52.72 | |
| Forward PE | 63.83 | 113.37 | 95.08 | 56.60 | 52.58 | 119.83 |
| PS Ratio | 4.99 | 2.96 | 1.89 | 2.15 | 2.21 | 10.74 |
| PB Ratio | 7.99 | 4.27 | 2.79 | 3.12 | 3.63 | 18.34 |
| P/TBV Ratio | 8.00 | 4.27 | 2.79 | 3.12 | 3.63 | 18.34 |
| P/FCF Ratio | 36.42 | 35.26 | 16.39 | 13.90 | 70.69 | |
| P/OCF Ratio | 32.78 | 30.55 | 12.95 | 11.65 | 67.81 | |
| PEG Ratio | 1.60 | 31.72 | 3.27 | 27.37 | 5.29 | |
| EV/Sales Ratio | 4.65 | 2.66 | 1.49 | 1.77 | 1.94 | 10.31 |
| EV/EBITDA Ratio | 41.87 | 35.63 | 92.12 | 26.05 | 24.79 | 348.53 |
| EV/EBIT Ratio | 48.42 | 44.07 | 364.38 | 28.30 | 26.05 | 393.72 |
| EV/FCF Ratio | 33.96 | 31.72 | 12.87 | 11.39 | 67.86 | |
| Debt / Equity Ratio | 0.13 | 0.14 | 0.14 | 0.12 | 0.06 | |
| Debt / EBITDA Ratio | 0.60 | 0.95 | 1.97 | 0.94 | 0.42 | |
| Debt / FCF Ratio | 0.59 | 1.13 | 0.83 | 0.56 | ||
| Net Debt / Equity Ratio | -0.54 | -0.55 | -0.51 | -0.53 | -0.46 | -0.80 |
| Net Debt / EBITDA Ratio | -3.03 | -5.11 | -21.44 | -5.40 | -3.55 | -15.75 |
| Net Debt / FCF Ratio | -2.45 | -4.54 | -3.00 | -2.36 | 3.46 | -3.07 |
| Asset Turnover | 1.29 | 1.16 | 1.13 | 1.26 | 1.43 | 1.88 |
| Inventory Turnover | 1.71 | 1.73 | 1.51 | 1.12 | 1.13 | 1.72 |
| Quick Ratio | 3.50 | 3.39 | 2.81 | 4.44 | 2.33 | 3.17 |
| Current Ratio | 4.96 | 4.94 | 4.25 | 6.73 | 4.99 | 4.70 |
| Return on Equity (ROE) | 14.76% | 8.41% | 0.72% | 6.61% | 7.66% | -5.57% |
| Return on Assets (ROA) | 7.75% | 4.38% | 0.29% | 4.90% | 6.66% | 3.08% |
| Return on Invested Capital (ROIC) | 26.36% | 14.50% | 0.24% | 10.97% | 18.96% | -23.72% |
| Return on Capital Employed (ROCE) | 13.90% | 7.80% | 0.50% | 8.20% | 11.60% | 4.40% |
| Earnings Yield | 1.50% | 1.83% | 0.26% | 1.93% | 1.90% | -0.21% |
| FCF Yield | 2.75% | 2.84% | 6.10% | 7.19% | -3.64% | 1.42% |
| Buyback Yield / Dilution | -7.79% | 0.34% | 1.27% | 2.74% | -17.82% | 2.54% |