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Friday 6 November 2026 Export FIGS’s income statement to Excel — free account

FIGS, Inc.

FIGS Consumer Cyclical Apparel Manufacturing

FIGS, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $631.1 million, up 13.6% from fiscal 2024.

Revenue
+25.7%
EPS
+140.0%
Free cash flow
+9,537.7%

Quarter to September 2026, against a year earlier

19.88 2.06 −9.39%
Market cap
$3.4B
P/E
45.2×
Fwd P/E
58.3×
Dividend yield
—
F-score
8/9
Altman Z
10.10
Beneish M
−2.97
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 12.40
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — 2 2 1 2 2 — — — — — —
Insider Ownership 9.23%

Capital & Financial Ratios $m

Size
Market Cap 3,360.00
Revenue ttm 749.11
Net income ttm 72.46
Free cash flow ttm 147.87
Net debt Q (331.17)
Valuation
P/E 45.18 (above 35: high)
Forward P/E 58.30 (above 35: high)
Price / sales 4.41
Forward P/S Powerpack
Price / FCF 22.32
Price / book 7.31 (above 6: high)
Financial health
Current ratio Q 4.39 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q 5.24
Growth
Revenue growth Q +25.73% (above 0%: growing)
Operating income growth Q +130.50% (above 0%: growing)
EPS, this year +93.04% (at or above 15%: strong)
EPS, next year A +2.64%
Revenue, next year A +20.58% (at or above 10%: strong)
EPS, past 5 yrs −9.01% (below 0%: weak)
EPS, next 5 yrs A +28.52% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 4.0×, against a ten-year median of 2.2×; over the ten years it ranged from 0.7× in 2025 to 21.7× in 2021.
P/E against its own 10 years 20.85%
10-year low 10-year high
P/S against its own 10 years 80.85%
10-year low 10-year high
P/B against its own 10 years 80.92%
10-year low 10-year high
EV/Sales against its own 10 years 80.85%
10-year low 10-year high
EV/FCF against its own 10 years 43.35%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 247 245 301 331
Receivables 7 9 6 8
Inventory 119 116 128 121
Other — — — —
386 383 447 479
2023 2024 2025 Q'26
Payables 15 9 18 14
ST’ Debt — — — —
Other 3 4 4 5
57 90 91 109

Compound Annual Growth %

10y 5y 3y
Sales — 19.12% 7.65%
Cash Flow — 22.98% 0.00%
Earnings — (7.20%) 17.36%
Book Value — 34.97% 12.44%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 0.07 Actual 0.11

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 0.02 0.05 Beat by 0.03
Q4 FY25 0.02 0.10 Beat by 0.08
Q1 FY26 0.01 0.03 Beat by 0.02
Q2 FY26 0.07 0.11 Beat by 0.04
Q3 FY26 0.07 — Reports 5 November 2026

EPS $

Mar Jun Sep Dec Year
’26 0.03 0.15 0.10 — —
’25 0.00 0.04 0.05 0.10 0.19
’24 0.01 0.01 (0.01) 0.01 0.02
’23 0.01 0.02 0.03 0.05 0.12
’22 0.05 0.03 0.02 0.02 0.11
’21 0.07 (0.26) 0.03 0.06 (0.06)
’20 0.03 0.09 0.12 0.07 0.30
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 160 197 191 — —
’25 125 153 152 202 631
’24 119 144 140 152 556
’23 120 138 142 145 546
’22 110 122 129 145 506
’21 87 101 103 129 420
’20 32 64 77 90 263
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (3) 47 57 — —
’25 9 (12) 3 61 61
’24 12 17 23 30 81
’23 (3) 29 54 20 101
’22 (8) (19) (13) 5 (35)
’21 16 17 20 14 66
’20 (1) 25 (1) (1) 22
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (6) 44 51 — —
’25 8 (14) 1 58 53
’24 11 8 18 27 64
’23 (4) 29 46 14 85
’22 (8) (20) (16) 3 (41)
’21 16 16 19 13 64
’20 (2) 25 (2) (2) 19
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — — 110 263 420 506 546 556 631 749 +33.7% 761 833 900 +12.6%
Gross margin, % — — — 71.80 72.30 71.79 70.07 69.09 67.61 66.53 68.79 (5.3) pt
EBT — — — 0 58 10 39 41 14 47 89 +173.8%
EBT margin, % — — — 0.10 22.07 2.35 7.66 7.48 2.58 7.48 11.91 +7.4 pt
Net income — 0 — 0 50 (10) 21 23 3 34 72 n/m
Per share, $
Per share, $ Revenue — — — 0.72 1.72 2.64 3.06 3.25 3.28 3.86 4.51 +32.2%
Earnings — — — 0.00 0.32 (0.06) 0.13 0.13 0.02 0.21 0.44 +158.7%
Cash flow — — — 0.04 0.14 0.42 (0.21) 0.60 0.48 0.37 0.97 +43.6%
Capex — — — (0.03) (0.01) (0.02) (0.03) (0.10) (0.10) (0.05) (0.08) +8.2%
Free cash flow — — — 0.01 0.13 0.40 (0.25) 0.50 0.38 0.32 0.89 +74.2%
Book value — — — 0.25 0.64 1.54 1.86 2.24 2.23 2.68 2.72 +48.1%
Shares, m — — — 153 153 159 165 168 169 163 166 +1.1%
Valuation, ×
Valuation, × P/E — — — 80.81 80.81 0.00 60.42 47.79 375.15 56.97 45.18 100.3
P/S — — — 14.58 14.58 10.46 2.37 2.06 1.89 2.94 4.41 7.0
P/B — — — 40.59 40.59 17.86 3.89 2.98 2.78 4.24 7.31 16.1
EV/Sales — — — 14.34 14.34 9.98 2.05 1.61 1.44 2.47 3.96 6.6
EV/FCF — — — 123.83 123.83 65.74 (25.53) 10.38 12.51 29.36 20.08 48.6
Cash, $m
Cash, $m Operating cash flow — — — 7 22 66 (35) 101 81 61 161 +45.2%
Capex — — — (5) (2) (3) (5) (16) (17) (8) (14) +9.4%
Free cash flow — — — 2 19 64 (41) 85 64 53 148 +76.2%
Balance, $m
Balance, $m Working capital — — — 36 88 231 285 328 293 357 370 +46.9%
Net debt — — — (38) (58) (197) (160) (247) (245) (301) (331) +41.0%
Shareholders’ equity — — — 39 98 246 308 377 377 437 452 +49.7%
Returns, %
Returns, % ROA — — — 0.36 50.66 (4.29) 5.99 5.21 0.55 6.29 12.46 +5.9 pt
ROIC — — — (47.04) 91.58 14.26 15.91 16.35 1.07 17.45 41.91 +64.5 pt
ROE — — — 0.16 72.91 (5.57) 7.66 6.61 0.72 8.41 16.75 +8.2 pt
People
People Employees — — — — 202 264 313 354 316 388 — +13.9%
Revenue/emp, $m — — — 0.00 1.30 1.59 1.62 1.54 1.76 1.63 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

FIGS, Inc. vs peers in Apparel Manufacturing (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
LEVI Levi Strauss & Co. $8.9B 15.2× 14.8× +4.30% (above 0%: growing) −20.00% (below 0%: shrinking) +212.72% (above 0%: growing) 66.21% 13.81% Compare
VFC V.F. Corporation $8.0B 21.6× 15.1× −3.84% (below 0%: shrinking) +48.98% (above 0%: growing) +21.05% (above 0%: growing) 55.38% 13.65% Compare
ZGN Ermenegildo Zegna N.V. $5.9B — (loss-making) 32.0× — n/m +56.38% (above 0%: growing) 55.40% 0.00% Compare
KTB Kontoor Brands, Inc. $4.3B 21.7× 13.6× −19.67% (below 0%: shrinking) n/m −2.98% (below 0%: shrinking) 0.00% 0.00% Compare
PVH PVH Corp. $4.3B — (loss-making) 15.0× −3.24% (below 0%: shrinking) n/m +111.16% (above 0%: growing) 63.03% (9.10%) Compare
COLM Columbia Sportswear Company $3.5B 15.1× 14.1× +2.03% (above 0%: growing) +75.47% (above 0%: growing) −15.94% (below 0%: shrinking) 49.76% 11.39% Compare
FIGS FIGS, Inc. $3.4B 45.2× 58.3× +25.73% (above 0%: growing) +140.00% (above 0%: growing) +9,537.66% (above 0%: growing) 69.27% 11.65%
UAA Under Armour, Inc. $2.4B — (loss-making) 518× −3.19% (below 0%: shrinking) n/m +600.79% (above 0%: growing) 54.09% 4.26% Compare
UA Under Armour, Inc. $2.3B — (loss-making) — −3.19% (below 0%: shrinking) n/m +600.79% (above 0%: growing) 54.09% 4.26% Compare
Median of peers $4.3B 18.4× 15.0× −3.19% +48.98% +83.77% 54.74% 4.26%

All 23 Apparel Manufacturing stocks →

Pay and ownership Proxy statement filed 23 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 8.21m 21.59m 37.84

Ownership

Directors and executive officers, together 57.00% of the votes
Catherine Spear 37.90% of the votes
Heather Hasson 20.20% of the votes
Baron Capital Group, Inc. 18.50% of the votes
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

FIGS, Inc. (FIGS) Latest News

6 Nov

Impact 3 · · GuruFocus.com

5 Nov

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18 Aug

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15 Aug

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14 Aug

Impact 4 ·

13 Aug

Impact 4 ·
Impact 3 · · The Motley Fool transcript

FIGS metrics, ten years each

stockrow.com/FIGS · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com