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$19.82-1.9%Stored close · as of Nov 6, 2026
Contents
Statements of Operations
(In thousands, except share and per share data)
| Year ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Net revenues | $545,646 | $505,835 | $419,591 |
| Cost of goods sold | 168,683 | 151,375 | 118,370 |
| Gross profit | 376,963 | 354,460 | 301,221 |
| Operating expenses | |||
| Selling | 125,149 | 118,449 | 81,923 |
| Marketing | 77,094 | 77,692 | 58,713 |
| General and administrative | 140,675 | 120,653 | 149,602 |
| Total operating expenses | 342,918 | 316,794 | 290,238 |
| Net income from operations | 34,045 | 37,666 | 10,983 |
| Other income (loss), net | |||
| Interest income (expense) | 6,775 | 1,708 | (239) |
| Other expense | (13) | (647) | (885) |
| Total other income (loss), net | 6,762 | 1,061 | (1,124) |
| Net income before provision for income taxes | 40,807 | 38,727 | 9,859 |
| Provision for income taxes | 18,170 | 17,541 | 19,415 |
| Net income (loss) | $22,637 | $21,186 | $(9,556) |
| Earnings (loss) attributable to Class A and Class B common stockholders | |||
| Basic earnings (loss) per share | $0.13 | $0.13 | $(0.06) |
| Diluted earnings (loss) per share | $0.12 | $0.11 | $(0.06) |
| Weighted-average shares outstanding—basic | 168,065,721 | 165,268,185 | 159,177,713 |
| Weighted-average shares outstanding—diluted | 182,412,965 | 187,547,474 | 159,177,713 |
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