FIGS, Inc. (FIGS) Income Statement
FIGS 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsFIGS revenue and net income
Where FIGS's revenue goes
2025Each bar shows an amount and its share of revenue. FIGS kept 5.4% of revenue as net income.
FIGS profit margins
FIGS growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +13.6% | +7.7% | +19.1% | — |
| Gross profit | +11.8% | +5.8% | +17.2% | — |
| Operating income | +1,584.2% | +0.4% | −8.0% | — |
| Net income | +1,159.2% | +17.4% | −7.2% | — |
| EPS (diluted) | +850.0% | +8.2% | −20.8% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
FIGS quarterly EPS vs estimates
FIGS beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 5, 2026 (estimate $0.07).
FIGS income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $631.1M | $555.6M | $545.6M | $505.8M | $419.6M | $263.1M | $110.5M |
| Cost of revenue | $211.3M | $179.9M | $168.7M | $151.4M | $118.4M | $72.9M | $31.2M |
| Gross profit | $419.8M | $375.6M | $377.0M | $354.5M | $301.2M | $190.2M | $79.3M |
| Sales, general & admin | $288.6M | $373.4M | $342.9M | $316.8M | $290.2M | $132.3M | $79.7M |
| Total operating expenses | $381.7M | $373.4M | $342.9M | $316.8M | $290.2M | $132.3M | $79.7M |
| Operating income | $38.1M | $2.3M | $34.0M | $37.7M | $11.0M | $57.9M | −$347,000 |
| Interest income | $8.7M | $11.2M | $5.5M | $1.7M | — | $136,000 | $460,000 |
| Interest expense | — | — | $6.8M | $1.1M | $239,000 | $136,000 | $0 |
| Income before taxes | $47.2M | $14.3M | $40.8M | $38.7M | $9.9M | $58.1M | $112,000 |
| Income taxes | $13.0M | $11.6M | $18.2M | $17.5M | $19.4M | $8.3M | −$460,000 |
| Net income | $34.2M | $2.7M | $22.6M | $21.2M | −$9.6M | $49.8M | $112,000 |
| EBITDA | $56.2M | $21.0M | $43.7M | $40.7M | $11.5M | $58.9M | $170,000 |
| EPS (diluted) | $0.19 | $0.02 | $0.11 | $0.15 | $0.30 | $0.61 | $0.24 |
| Gross margin | 66.5% | 67.6% | 69.1% | 70.1% | 71.8% | 72.3% | 71.8% |
| Operating margin | 6.0% | 0.4% | 6.2% | 7.4% | 2.6% | 22.0% | −0.3% |
| Net margin | 5.4% | 0.5% | 4.1% | 4.2% | −2.3% | 18.9% | 0.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $196.6M | $159.9M | $201.9M | $151.7M | $152.6M | $124.9M | $151.8M | $140.2M | $144.2M | $119.3M | $144.9M | $142.4M |
| Cost of revenue | $48.8M | $55.0M | $74.8M | $45.6M | $50.4M | $40.4M | $49.6M | $46.2M | $47.0M | $37.2M | $47.1M | $45.0M |
| Gross profit | $147.9M | $104.9M | $127.1M | $106.1M | $102.2M | $84.5M | $102.2M | $94.0M | $97.3M | $82.1M | $97.9M | $97.4M |
| Sales, general & admin | $112.6M | $74.3M | $58.9M | $96.4M | $92.3M | $84.7M | $93.3M | $102.7M | $95.7M | $81.7M | $83.6M | $87.4M |
| Total operating expenses | $112.6M | $100.4M | $108.3M | $96.4M | $92.3M | $84.7M | $93.3M | $102.7M | $95.7M | $81.7M | $83.6M | $87.4M |
| Operating income | $35.3M | $4.5M | $18.8M | $9.6M | $9.9M | −$211,000 | $8.9M | −$8.6M | $1.6M | $443,000 | $14.2M | $10.0M |
| Interest income | $2.1M | $2.2M | $2.2M | $2.3M | $2.1M | $2.1M | $2.6M | $2.9M | $2.8M | $2.8M | $2.3M | $1.9M |
| Interest expense | — | — | — | — | — | — | — | — | — | — | $7.8M | — |
| Income before taxes | $36.9M | $6.4M | $21.4M | $12.0M | $12.0M | $1.9M | $12.4M | −$5.7M | $4.4M | $3.3M | $16.5M | $11.8M |
| Income taxes | $8.5M | $157,000 | $2.8M | $3.2M | $4.9M | $2.0M | $10.5M | −$4.0M | $3.3M | $1.8M | $6.5M | $5.7M |
| Net income | $28.4M | $6.3M | $18.5M | $8.7M | $7.1M | −$102,000 | $1.9M | −$1.7M | $1.1M | $1.4M | $10.0M | $6.1M |
| EBITDA | $39.3M | $9.9M | $23.9M | $14.3M | $14.2M | $3.9M | $14.2M | −$2.8M | $5.5M | $4.1M | $17.3M | $12.6M |
| EPS (diluted) | $0.11 | $0.03 | $0.10 | $0.05 | $0.04 | −$0.00 | $0.01 | −$0.01 | $0.01 | $0.01 | $0.05 | $0.03 |
| Gross margin | 75.2% | 65.6% | 62.9% | 69.9% | 67.0% | 67.6% | 67.3% | 67.1% | 67.4% | 68.9% | 67.5% | 68.4% |
| Operating margin | 17.9% | 2.8% | 9.3% | 6.4% | 6.5% | −0.2% | 5.9% | −6.2% | 1.1% | 0.4% | 9.8% | 7.0% |
| Net margin | 14.4% | 3.9% | 9.2% | 5.8% | 4.7% | −0.1% | 1.2% | −1.2% | 0.8% | 1.2% | 6.9% | 4.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in FIGS's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
FIGS financial results
In fiscal year 2025 (ended December 31, 2025), FIGS reported revenue of $631.1 million, up 13.6% from the year before. It had net income of $34.2 million (up 1,159.2%), a net profit margin of 5.4%. Diluted earnings per share came to $0.19. Over five years revenue grew at an average rate of 19.1% a year.
See the FIGS stock overview for the latest quote and news, or the FIGS chart for price history and technical indicators.
FIGS income statement FAQ
What is FIGS's annual revenue?
FIGS reported total revenue of $631.1 million for fiscal year 2025, which ended on December 31, 2025. That was up 13.6% from $555.6 million the previous year.
Is FIGS profitable?
Yes. FIGS reported net income of $34.2 million in fiscal 2025, a net profit margin of 5.4%; its operating margin was 6.0%.
What is FIGS's gross margin?
FIGS's gross margin was 66.5% in fiscal 2025: for every $100 of revenue, FIGS kept $67 after the direct cost of its products and services.
How fast is FIGS growing?
Revenue grew 19.1% a year on average over the last five fiscal years, from $263.1 million to $631.1 million.
What are FIGS's earnings per share?
FIGS earned $0.19 per diluted share in fiscal 2025, compared with $0.02 a year earlier.
When will FIGS report its next earnings?
FIGS is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does FIGS's fiscal year end?
FIGS's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.