FIGS (FIGS) Cash Flow: Operating & Free Cash Flow

FIGS Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for FIGS, Inc. (FIGS) - 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
Operating Activities
Net Income	34.25	2.72	22.64	21.19	-9.56	49.76	0.11
Depreciation & Amortization	9.04	6.69	2.94	1.92	1.42	0.95	0.52
Deferred Income Tax	-0.54	6.65	-7.32	-0.73	-3.73	-6.51	0.00
Stock Based Compensation	26.87	42.67	45.80	37.46	81.14	8.71	0.00
Change in Working Capital	-14.71	20.44	35.67	-97.55	-2.84	-31.16	5.60
Change in Accounts Receivable	2.35	-1.22	-0.60	-4.43	3.34	-4.02	-1.27
Change in Inventory	-12.21	3.28	58.94	-91.91	-36.33	-35.44	-0.76
Change in Accounts Payable	8.76	-6.99	-3.86	6.32	2.86	1.21	2.72
Change in Other Working Capital	-13.62	8.48	2.86	-7.53	3.83	7.09	4.92
Other Operating Activities	6.27	8.48	2.86	2.38	-3.73	0.00	0.30
Net Cash from Operating Activities	61.17	81.16	100.92	-35.33	66.44	21.75	6.53
Investing Activities
Capital Expenditures	-8.17	-17.02	-16.35	-5.35	-2.71	-2.26	-4.76
Purchases of Investments	-257.19	-274.48	-150.14	-0.50	0.00	0.00	0.00
Sales/Maturities of Investments	201.40	196.58	49.30	0.00	0.00	0.00	0.00
Net Cash from Investing Activities	-63.96	-94.92	-117.19	-5.85	-2.71	-2.26	-4.76
Financing Activities
Common Stock Issued	1.72	0.25	0.92	0.48	98.09	0.39	14.00
Common Stock Repurchased	-2.69	-45.45	0.00	0.00	-21.56	0.00	0.00
Other Financing Activities	0.00	0.25	-0.25	3.04	-0.96	-0.10	0.00
Net Cash from Financing Activities	-0.97	-44.77	0.67	3.52	75.57	0.29	14.00
Summary
Effect of Forex Changes on Cash	0.10	0.00	0.00	0.00	0.00	0.00	22.58
Net Change in Cash	-3.66	-58.53	-15.60	-37.66	139.30	19.78	38.35
Cash at Beginning of Period	85.65	144.17	159.78	197.43	58.13	38.35	0.00
Cash at End of Period	81.99	85.65	144.17	159.78	197.43	58.13	38.35
Free Cash Flow	53.00	64.14	84.57	-40.68	63.73	19.49	1.77
Supplemental Disclosures
Income Taxes Paid	-	13.14	21.10	11.90	15.00	18.16	-

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

Frequently Asked Questions About FIGS Cash Flow

What is FIGS's free cash flow?

FIGS generated free cash flow of $53.00M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $61.17M minus $8.17M of capital expenditures. That was down 17.4% from $64.14M a year earlier. Free cash flow equaled 8.4% of revenue.

How much does FIGS spend on capital expenditures?

FIGS spent $8.17M on capital expenditures in fiscal 2025, compared with $17.02M a year earlier. That equals 13.4% of operating cash flow.

Does FIGS pay dividends or buy back shares?

Yes. In fiscal 2025 FIGS returned $2.69M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition