FIGS Inc
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 28, 2024
FIGS$21.58+8.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Balance Sheets
(In thousands, except share and per share data)
| As of | ||
|---|---|---|
| December 31,2023 | December 31,2022 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $144,173 | $159,775 |
| Short-term investments | 102,522 | — |
| Accounts receivable | 7,469 | 6,866 |
| Inventory, net | 119,040 | 177,976 |
| Prepaid expenses and other current assets | 12,455 | 11,883 |
| Total current assets | 385,659 | 356,500 |
| Non-current assets | ||
| Property and equipment, net | 24,864 | 11,024 |
| Operating lease right-of-use assets | 43,059 | 15,312 |
| Deferred tax assets | 18,291 | 10,971 |
| Other assets | 1,336 | 1,257 |
| Total non-current assets | 87,550 | 38,564 |
| Total assets | $473,209 | $395,064 |
| Liabilities and stockholders’ equity | ||
| Current liabilities | ||
| Accounts payable | $14,749 | $20,906 |
| Operating lease liabilities | 8,230 | 3,408 |
| Accrued expenses | 7,906 | 26,164 |
| Accrued compensation and benefits | 7,312 | 3,415 |
| Sales tax payable | 3,149 | 3,374 |
| Gift card liability | 8,240 | 7,882 |
| Deferred revenue | 2,160 | 2,786 |
| Returns reserve | 2,989 | 3,458 |
| Income tax payable | 2,557 | — |
| Total current liabilities | 57,292 | 71,393 |
| Non-current liabilities | ||
| Operating lease liabilities, non-current | 38,884 | 15,756 |
| Other non-current liabilities | 183 | 176 |
| Total liabilities | 96,359 | 87,325 |
| Commitments and contingencies (Note 9) | ||
| Stockholders’ equity | ||
| Class A common stock — par value $0.0001 per share, 1,000,000,000 shares authorized as of December 31, 2023 and December 31, 2022; 161,457,403 and 159,351,307 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively | 16 | 16 |
| Class B common stock — par value $0.0001 per share, 150,000,000 shares authorized as of December 31, 2023 and December 31, 2022; 8,283,641 and 7,210,795 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively | — | — |
| Preferred stock — par value $0.0001 per share, 100,000,000 shares authorized as of December 31, 2023 and December 31, 2022; zero shares issued and outstanding as of December 31, 2023 and December 31, 2022 | — | — |
| Additional paid-in capital | 315,075 | 268,606 |
| Accumulated other comprehensive income | 5 | — |
| Retained earnings | 61,754 | 39,117 |
| Total stockholders’ equity | 376,850 | 307,739 |
| Total liabilities and stockholders’ equity | $473,209 | $395,064 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.