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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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Pulling SEC filings + quote and writing the call…

TTENK/calls
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Home›FIGS›Financials
Annual statements · SEC XBRL · FY2019 – FY2025

FIGS, Inc. (FIGS) financials

Income statement

FIGS, Inc. (FIGS) income statement, annual, from SEC filings
Fiscal yearFY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$110M$263M$420M$506M$546M$556M$631M
Revenue growth—138.1%59.5%20.6%7.9%1.8%13.6%
Gross profit$79.3M$190M$301M$354M$377M$376M$420M
Gross margin71.8%72.3%71.8%70.1%69.1%67.6%66.5%
Operating income-$347K$57.9M$11.0M$37.7M$34.0M$2.27M$38.1M
Operating margin-0.3%22.0%2.6%7.4%6.2%0.4%6.0%
Net income$112K$49.8M-$9.56M$21.2M$22.6M$2.72M$34.3M
Net margin0.1%18.9%-2.3%4.2%4.1%0.5%5.4%
EPS (diluted)$0.00$0.30-$0.06$0.11$0.12$0.02$0.19

Cash flow

FIGS, Inc. (FIGS) cash flow, annual, from SEC filings
Fiscal yearFY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$6.53M$21.7M$66.4M-$35.3M$101M$81.2M$61.2M
Capital expenditures$4.76M$2.26M$2.71M$5.35M$16.3M$17.0M$8.17M
Free cash flow$1.77M$19.5M$63.7M-$40.7M$84.6M$64.1M$53.0M
Share buybacks———$0.00$0.00$45.5M$2.69M

Balance sheet

FIGS, Inc. (FIGS) balance sheet, annual, from SEC filings
Fiscal yearFY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$38.4M$58.1M$195M$160M$144M$85.6M$82.0M
Total assets—$134M$312M$395M$473M$510M$580M
Total liabilities—$36.2M$66.2M$87.3M$96.4M$133M$143M
Shareholders' equity$38.8M$97.7M$246M$308M$377M$377M$437M
Retained earnings—$27.5M$17.9M$39.1M$61.8M$64.5M$98.7M
Shares (wtd avg diluted)154M163M159M188M182M180M179M

Every figure is extracted from FIGS, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is FIGS, Inc.'s annual revenue?
FIGS, Inc. (FIGS) reported $631M of revenue for fiscal year 2025 — up 13.6% from $556M in FY2024, per its annual report filed with the SEC.
Is FIGS, Inc. profitable?
Yes — FIGS earned $34.3M of net income in FY2025, a 5.4% net margin, per SEC filings.
What is FIGS, Inc.'s free cash flow?
$53.0M in FY2025 (operating cash flow $61.2M minus $8.17M of capital expenditures), from the SEC cash-flow statement.
Does FIGS pay a dividend?
FIGS, Inc. reported no cash dividends paid in FY2025, per its SEC cash-flow statement.
Full FIGS analysis — verdict, score & filings →Is FIGS a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.