FIGS Inc. (FIGS) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
2834 COLORADO AVENUE SANTA MONICA, CA 90404 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 246,695 | 159,775 | 195,374 | |||
| Cash and cash equivalents | 144,173 | 159,775 | 195,374 | |||
| Short-term investments | 102,522 | |||||
| Receivables | 7,469 | 6,866 | 2,441 | |||
| Inventory, net of allowances, customer advances and progress billings | 119,040 | 177,976 | 86,068 | |||
| Inventory | 119,040 | 177,976 | 86,068 | |||
| Prepaid expense | 8,173 | 6,588 | 5,440 | |||
| Other undisclosed current assets | 4,282 | 5,295 | 4,016 | |||
| Total current assets: | 385,659 | 356,500 | 293,339 | |||
| Noncurrent Assets | ||||||
| Operating lease, right-of-use asset | 43,059 | 15,312 | ||||
| Property, plant and equipment | 24,864 | 11,024 | 7,613 | |||
| Deferred income tax assets | 18,291 | 10,971 | 10,239 | |||
| Other noncurrent assets | 1,336 | 1,257 | 560 | |||
| Total noncurrent assets: | 87,550 | 38,564 | 18,412 | |||
| TOTAL ASSETS: | 473,209 | 395,064 | 311,751 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 22,655 | 47,070 | 53,446 | |||
| Taxes payable | ✕ | ✕ | ✕ | 7,701 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | 6,464 | ||
| Accounts payable | 14,749 | 20,906 | 14,604 | |||
| Accrued liabilities | 7,906 | 26,164 | 24,677 | |||
| Deferred revenue | 2,160 | 2,786 | 596 | |||
| Customer refund liability | 2,989 | 3,458 | ||||
| Other undisclosed current liabilities | 29,488 | 18,079 | 8,351 | |||
| Total current liabilities: | 57,292 | 71,393 | 62,393 | |||
| Noncurrent Liabilities | ||||||
| Liabilities, other than long-term debt | 39,067 | 15,932 | 3,785 | |||
| Deferred rent credit | 3,542 | |||||
| Other liabilities | 183 | 176 | 243 | |||
| Operating lease, liability | 38,884 | 15,756 | ||||
| Total noncurrent liabilities: | 39,067 | 15,932 | 3,785 | |||
| Total liabilities: | 96,359 | 87,325 | 66,178 | |||
| Equity | ||||||
| Equity, attributable to parent, including: | 376,850 | 307,739 | 245,573 | |||
| Additional paid in capital | 315,075 | 268,606 | 227,626 | |||
| Accumulated other comprehensive income (loss) | 5 | |||||
| Retained earnings | 61,754 | 39,117 | 17,931 | |||
| Other undisclosed equity, attributable to parent | 16 | 16 | 16 | |||
| Total equity: | 376,850 | 307,739 | 245,573 | |||
| TOTAL LIABILITIES AND EQUITY: | 473,209 | 395,064 | 311,751 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Revenues | 545,646 | 505,835 | 419,591 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (168,683) | (151,375) | (118,370) | ||
| Gross profit: | 376,963 | 354,460 | 301,221 | ||
| Operating expenses | (342,918) | (316,794) | (290,238) | ||
| Operating income: | 34,045 | 37,666 | 10,983 | ||
| Nonoperating income | 6,762 | 1,061 | |||
| Other nonoperating expense | (13) | (647) | |||
| Income from continuing operations before equity method investments, income taxes: | 40,807 | 38,727 | 10,983 | ||
| Other undisclosed loss from continuing operations before income taxes | (1,124) | ||||
| Income from continuing operations before income taxes: | 40,807 | 38,727 | 9,859 | ||
| Income tax expense | (18,170) | (17,541) | (19,415) | ||
| Income (loss) from continuing operations: | 22,637 | 21,186 | (9,556) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (9,556) | |
| Net income (loss) available to common stockholders, diluted: | 22,637 | 21,186 | (9,556) | ||
Comprehensive Income ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Net income (loss): | 22,637 | 21,186 | (9,556) | ||
| Comprehensive income (loss): | 22,637 | 21,186 | (9,556) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 5 | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | 22,642 | 21,186 | (9,556) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.