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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments185,325155,877159,775155,582170,220189,401
Cash and cash equivalents146,730155,877159,775155,582170,220189,401
Short-term investments38,595     
Receivables6,2693,7816,8668,3685,7092,910
Inventory, net of allowances, customer advances and progress billings167,806180,373177,976168,088127,646102,765
Inventory167,806180,373177,976168,088127,646102,765
Prepaid expense6,781 6,58811,0119,2619,093
Other undisclosed current assets3,0689,5805,2952,8593,0682,164
Total current assets:369,249349,611356,500345,908315,904306,333
Noncurrent Assets
Operating lease, right-of-use asset17,15414,64615,31215,97416,63217,248
Property, plant and equipment11,39911,24111,02410,8238,8097,719
Deferred income tax assets11,95511,41110,97111,21510,55410,645
Other noncurrent assets1,2581,1951,2571,7381,747745
Total noncurrent assets:41,76638,49338,56439,75037,74236,357
TOTAL ASSETS:411,015388,104395,064385,658353,646342,690
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities29,92329,84147,07062,44645,70349,963
Taxes payable3,7033,7864,660
Employee-related liabilities5,2163,4704,093
Accounts payable11,9338,57120,90621,16210,60817,010
Accrued liabilities17,99021,27026,16432,36527,83924,200
Deferred revenue7777062,7861,2361,044605
Customer refund liability3,3143,5023,4583,4242,374 
Other undisclosed current liabilities22,81718,70218,0799,3728,91310,609
Total current liabilities:56,83152,75171,39376,47858,03461,177
Noncurrent Liabilities
Long-term debt and lease obligation:    16,52017,26717,969
Liabilities, other than long-term debt17,26215,16015,932215215243
Other liabilities176176176215215243
Operating lease, liability17,08614,98415,75616,52017,26717,969
Total noncurrent liabilities:17,26215,16015,93216,73517,48218,212
Total liabilities:74,09367,91187,32593,21375,51679,389
Equity
Equity, attributable to parent, including:336,922320,193307,739292,445278,130263,301
Additional paid in capital291,306279,151268,606256,703246,432236,455
Accumulated other comprehensive loss(8)     
Retained earnings45,60841,02639,11735,72631,68226,830
Other undisclosed equity, attributable to parent161616161616
Total equity:336,922320,193307,739292,445278,130263,301
TOTAL LIABILITIES AND EQUITY:411,015388,104395,064385,658353,646342,690

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues138,132120,232144,898128,589122,247110,100
Cost of revenue
(Cost of Goods and Services Sold)
(42,098)(34,556)(46,050)(37,756)(35,899)(31,670)
Gross profit:96,03485,67698,84890,83386,34878,430
Operating expenses(89,468)(82,379)(95,588)(79,623)(76,897)(64,685)
Operating income:6,5663,2973,26011,2109,45113,745
Nonoperating income1,5171,07137860570 
Other nonoperating income (expense)(4)(1) 170 
Income from continuing operations before equity method investments, income taxes:8,0834,3683,63811,8159,52113,745
Other undisclosed income from continuing operations before income taxes      8
Income from continuing operations before income taxes:8,0834,3683,63811,8159,52113,753
Income tax expense(3,501)(2,459)(247)(7,771)(4,669)(4,854)
Income from continuing operations:4,5821,9093,3914,0444,8528,899
Income before gain (loss) on sale of properties:4,0444,8528,899
Net income available to common stockholders, diluted:4,5821,9093,3914,0444,8528,899

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:4,5821,9093,3914,0444,8528,899
Comprehensive income:4,5821,9093,3914,0444,8528,899
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(8)     
Comprehensive income, net of tax, attributable to parent:4,5741,9093,3914,0444,8528,899

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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