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
MRQ
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments159,775195,374
Cash and cash equivalents159,775195,374
Short-term investments  
Receivables6,8662,441
Inventory, net of allowances, customer advances and progress billings177,97686,068
Inventory177,97686,068
Prepaid expense6,5885,440
Other undisclosed current assets5,2954,016
Total current assets:356,500293,339
Noncurrent Assets
Operating lease, right-of-use asset15,312 
Property, plant and equipment11,0247,613
Deferred income tax assets10,97110,239
Other noncurrent assets1,257560
Total noncurrent assets:38,56418,412
TOTAL ASSETS:395,064311,751
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities47,07053,446
Taxes payable7,701
Employee-related liabilities6,464
Accounts payable20,90614,604
Accrued liabilities26,16424,677
Deferred revenue2,786596
Customer refund liability3,458 
Other undisclosed current liabilities18,0798,351
Total current liabilities:71,39362,393
Noncurrent Liabilities
Liabilities, other than long-term debt15,9323,785
Deferred rent credit  3,542
Other liabilities176243
Operating lease, liability15,756 
Total noncurrent liabilities:15,9323,785
Total liabilities:87,32566,178
Equity
Equity, attributable to parent, including:307,739245,573
Additional paid in capital268,606227,626
Accumulated other comprehensive loss  
Retained earnings39,11717,931
Other undisclosed equity, attributable to parent1616
Total equity:307,739245,573
TOTAL LIABILITIES AND EQUITY:395,064311,751

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

9/30/2023
TTM
12/31/2022
12/31/2021
Revenues505,835419,591
Cost of revenue
(Cost of Goods and Services Sold)
(151,375)(118,370)
Gross profit:354,460301,221
Operating expenses(316,794)(290,238)
Operating income:37,66610,983
Nonoperating income1,061 
Other nonoperating expense(647) 
Income from continuing operations before equity method investments, income taxes:38,72710,983
Other undisclosed loss from continuing operations before income taxes  (1,124)
Income from continuing operations before income taxes:38,7279,859
Income tax expense(17,541)(19,415)
Income (loss) from continuing operations:21,186(9,556)
Loss before gain (loss) on sale of properties:(9,556)
Net income (loss) available to common stockholders, diluted:21,186(9,556)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
Net income (loss):21,186(9,556)
Comprehensive income (loss):21,186(9,556)
Other undisclosed comprehensive loss, net of tax, attributable to parent  
Comprehensive income (loss), net of tax, attributable to parent: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.

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