— · Financial Statements

FIGS, Inc. (FIGS) Financial Statements

$20.20 —: FIGS Market Cap $3.36B

FIGS, Inc. most recently reported annual revenue of $631.0M, net profit of $34.0M. Revenue grew at an average annual rate of 19.1% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

FIGS, Inc.: Revenue rose from $110.0M in 2019 to $631.0M in 2025, a change of +473.6% over 6 years; net profit was positive in 5 of 7 reported years; operating margin moved from -0.3% to 6.0%, a shift of +6.3 percentage points; the most recent year shows net profit of $34.0M.

Income Statement — 7 Years (USD millions)

Metric2019202020212022202320242025
Revenue$110.0M$263.0M$420.0M$506.0M$546.0M$556.0M$631.0M
Operating Expenses$111.0M$205.0M$409.0M$468.0M$512.0M$553.0M$593.0M
Operating Profit$0$58.0M$11.0M$38.0M$34.0M$2.0M$38.0M
Operating Margin-0.3%22.0%2.6%7.5%6.2%0.4%6.0%
Other Income$0$0$-1.0M$1.0M$7.0M$12.0M$9.0M
Interest$0$0$0$0$0$0$0
Depreciation$1.0M$1.0M$1.0M$2.0M$3.0M$7.0M$9.0M
Profit Before Tax$0$58.0M$10.0M$39.0M$41.0M$14.0M$47.0M
Tax$0$14.3M$196.9M$45.3M$44.5M$81.0M$27.4M
Net Profit$0$50.0M$-10.0M$21.0M$23.0M$3.0M$34.0M
EPS$0.00$0.31$-0.06$0.11$0.12$0.02$0.19
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$142.0M$145.0M$119.0M$144.0M$140.0M$152.0M$125.0M$153.0M$152.0M$202.0M$160.0M$197.0M
Operating Expenses$132.0M$131.0M$119.0M$143.0M$149.0M$143.0M$125.0M$143.0M$142.0M$183.0M$155.0M$161.0M
Operating Profit$10.0M$14.0M$0$2.0M$-9.0M$9.0M$0$10.0M$10.0M$19.0M$4.0M$35.0M
Operating Margin7.0%9.8%0.4%1.1%-6.2%5.9%-0.2%6.5%6.3%9.3%2.8%17.9%
Interest$0$0$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$12.0M$17.0M$3.0M$4.0M$-6.0M$12.0M$2.0M$12.0M$12.0M$21.0M$6.0M$37.0M
Tax$48.1M$39.4M$56.3M$74.9M$70.2M$84.8M$105.5M$41.0M$26.9M$13.3M$2.4M$23.1M
Net Profit$6.0M$10.0M$1.0M$1.0M$-2.0M$2.0M$0$7.0M$9.0M$19.0M$6.0M$28.0M
EPS$0.03$0.05$0.01$0.01$-0.01$0.01$0.00$0.04$0.05$0.10$0.03$0.15

Over the 7 years reported for FIGS, Inc., cash stood at $82.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 4.91 times.

Balance Sheet — 7 Years (USD millions)

Metric2019202020212022202320242025
Total Assets$63.0M$134.0M$312.0M$395.0M$473.0M$510.0M$580.0M
Current Assets$56.0M$120.0M$293.0M$357.0M$386.0M$383.0M$447.0M
Cash$38.0M$58.0M$195.0M$160.0M$144.0M$86.0M$82.0M
Inventory$14.0M$50.0M$86.0M$178.0M$119.0M$116.0M$128.0M
Receivables$2.0M$6.0M$2.0M$7.0M$7.0M$9.0M$6.0M
Fixed Assets$6.0M$7.0M$8.0M$26.0M$68.0M$86.0M$91.0M
Capital Work in Progress$0$0$0$0$0$0$0
Investments$0$0$0$0$103.0M$187.0M$247.0M
Other Assets$0$0$0$0$0$0$0
Total Liabilities$24.0M$36.0M$66.0M$87.0M$96.0M$133.0M$143.0M
Current Liabilities$21.0M$33.0M$62.0M$71.0M$57.0M$90.0M$91.0M
Borrowings$0$0$0$19.0M$47.0M$53.0M$60.0M
Other Liabilities$24.0M$36.0M$66.0M$68.0M$49.0M$80.0M$83.0M
Equity$0$0$0$0$0$0$0
Reserves$39.0M$98.0M$246.0M$308.0M$377.0M$377.0M$437.0M

For FIGS, Inc., operating cash flow was positive in 6 of 7 reported years; free cash flow in the latest year was $53.0M; free cash flow was positive in 6 of 7 years; financing activities used $3.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 7 Years (USD millions)

Metric2019202020212022202320242025
Operating Cash Flow$7.0M$22.0M$66.0M$-35.0M$101.0M$81.0M$61.0M
Investing Cash Flow$-10.0M$-5.0M$-5.0M$-11.0M$-134.0M$-112.0M$-72.0M
Financing Cash Flow$0$0$-22.0M$3.0M$0$-45.0M$-3.0M
Net Cash Flow$38.0M$20.0M$139.0M$-38.0M$-16.0M$-59.0M$-4.0M
Free Cash Flow$2.0M$19.0M$64.0M$-41.0M$85.0M$64.0M$53.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.05
EV / EBITDA24.34
FCF Yield4.30%
Quick Ratio3.65
Interest Coverage—
Return 1Y41.13%
Return 3Y24.90%
Return 5Y-74.98%

FIGS, Inc. (FIGS) financials — frequently asked questions

What is FIGS, Inc.'s annual revenue?

FIGS, Inc. (FIGS) reported annual revenue of $631.0M in its most recent fiscal year.

What is FIGS, Inc.'s net profit?

FIGS, Inc. (FIGS) reported net profit of $34.0M in its most recent fiscal year.

What is FIGS EV/EBITDA?

FIGS, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 24.34.

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