FIGS (FIGS) Financial Statements & Analysis

FIGS (FIGS) Income Statement

FIGS reported revenue of $631.10M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 13.6% from $555.56M a year earlier. Net income was $34.25M, up 1159.2% year over year, a net margin of 5.4%. Gross margin was 66.5% and operating margin 6.0%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $196.62M, up 28.8% from the same quarter a year earlier.

FIGS Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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FIGS, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Revenue & Gross Profit
Revenue	631.10	555.56	545.65	505.84	419.59	263.11	110.49
Cost of Revenue	211.26	179.94	168.68	151.38	118.37	72.89	31.16
Gross Profit	419.84	375.62	376.96	354.46	301.22	190.22	79.34
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	381.69	373.36	342.92	316.79	290.24	132.28	79.68
Operating Expenses	381.69	373.36	342.92	316.79	290.24	132.28	79.68
Operating Income	38.15	2.27	34.05	37.67	10.98	57.94	-0.35
Other Income/Expense
Interest Income	8.75	11.24	6.78	1.71	-0.24	0.14	0.46
Interest Expense	0.00	0.00	0.00	0.00	-0.24	0.00	0.00
Other Income/Expense	0.31	0.83	6.76	1.06	-1.12	0.14	0.46
Income
Income Before Tax	47.21	14.34	40.81	38.73	9.86	58.08	0.11
Income Tax Expense	12.96	11.62	18.17	17.54	19.42	8.32	0.00
Net Income	34.25	2.72	22.64	21.19	-9.56	49.76	0.11
Net Income - Continuous Operations	34.25	2.72	22.64	21.19	-9.56	49.76	0.11
Net Income - Discontinued Operations	-	-	-	-	-	-	-
EBITDA	47.18	8.96	36.99	40.65	12.41	58.89	0.17
EBIT	38.15	2.27	34.05	37.67	10.98	57.94	-
Depreciation & Amortization	9.04	6.69	2.94	1.92	1.42	0.95	0.52
Earnings Per Share
Basic EPS	-	-	-	-	-	-	-
Diluted EPS	-	-	-	-	-	-	-
Basic Shares Outstanding	163.46	169.20	168.07	165.27	159.18	153.33	160.90
Diluted Shares Outstanding	179.49	180.10	182.41	187.55	159.18	163.33	160.90

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About FIGS Financial Statements

What was FIGS's revenue in fiscal 2025?

FIGS reported revenue of $631.10M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 13.6% from $555.56M a year earlier.

Is FIGS profitable?

Yes. FIGS earned net income of $34.25M in fiscal 2025, a net margin of 5.4%. In fiscal 2024 it earned $2.72M.

What is FIGS's operating margin?

FIGS's operating income was $38.15M on revenue of $631.10M in fiscal 2025, an operating margin of 6.0%, compared with 0.4% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition