FIGS, Inc. (FIGS) Financial Statements (2026 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)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments300,848245,114246,695159,775195,374
Cash and cash equivalent81,98585,645144,173159,775195,374
Short-term investments218,863159,469102,522  
Receivables6,2718,6257,4696,8662,441
Inventory, net of allowances, customer advances and progress billings127,966115,759119,040177,97686,068
Inventory127,966115,759119,040177,97686,068
Prepaid expense7,4585,7248,1736,5885,440
Other undisclosed current assets4,7427,5444,2825,2954,016
Total current assets:447,285382,766385,659356,500293,339
Noncurrent Assets
Operating lease, right-of-use asset57,13450,49743,05915,312 
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization33,93835,27424,86411,0247,613
Deferred income tax assets12,18711,64318,29110,97110,239
Other noncurrent assets1,7172,0731,3361,257560
Other undisclosed noncurrent assets27,73527,534   
Total noncurrent assets:132,711127,02187,55038,56418,412
TOTAL ASSETS:579,996509,787473,209395,064311,751
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities38,71651,71722,65547,07053,446
Taxes payable✕✕✕✕✕7,701
Employee-related liabilities✕✕✕✕✕6,464
Accounts payable18,1879,40114,74920,90614,604
Accrued liabilities20,52942,3167,90626,16424,677
Deferred revenue3,9904,6122,1602,786596
Customer refund liability4,1713,8732,9893,458 
Other undisclosed current liabilities43,64629,94029,48818,0798,351
Total current liabilities:90,52390,14257,29271,39362,393
Noncurrent Liabilities
Liabilities, other than long-term debt52,01142,51339,06715,9323,785
Deferred rent credit     3,542
Other liabilities18283183176243
Operating lease, liability51,82942,43038,88415,756 
Total noncurrent liabilities:52,01142,51339,06715,9323,785
Total liabilities:142,534132,65596,35987,32566,178
Equity
Equity, attributable to parent, including:437,462377,132376,850307,739245,573
Additional paid in capital338,526312,622315,075268,606227,626
Accumulated other comprehensive income (loss)196215  
Retained earnings98,72464,47461,75439,11717,931
Other undisclosed equity, attributable to parent1615161616
Total equity:437,462377,132376,850307,739245,573
TOTAL LIABILITIES AND EQUITY:579,996509,787473,209395,064311,751

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
Revenues631,098555,558545,646505,835419,591
Cost of revenue
(Cost of Product and Service Sold)		(211,259)(179,935)(168,683)(151,375)(118,370)
Gross profit:419,839375,623376,963354,460301,221
Operating expenses(381,692)(373,358)(342,918)(316,794)(290,238)
Operating income:38,1472,26534,04537,66610,983
Nonoperating income9,06012,0756,7621,061 
Other nonoperating income (expense)312833(13)(647) 
Income from continuing operations before equity method investments, income taxes:47,20714,34040,80738,72710,983
Other undisclosed loss from continuing operations before income taxes     (1,124)
Income from continuing operations before income taxes:47,20714,34040,80738,7279,859
Income tax expense(12,957)(11,620)(18,170)(17,541)(19,415)
Income (loss) from continuing operations:34,2502,72022,63721,186(9,556)
Loss before gain (loss) on sale of properties:✕✕✕✕✕(9,556)
Net income (loss) available to common stockholders, diluted:34,2502,72022,63721,186(9,556)

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
Net income (loss):34,2502,72022,63721,186(9,556)
Comprehensive income (loss):34,2502,72022,63721,186(9,556)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent175165  
Comprehensive income (loss), net of tax, attributable to parent:34,4252,73622,64221,186(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.

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