FIGS Inc

For the period ended Mar 31, 2024. Filed May 9, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 9, 2024

FIGS$21.58+8.9%Stored close · as of Nov 9, 2026

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Contents

Condensed Statements of Operations and Comprehensive Income

CONDENSED STATEMENTS OF OPERATIONS

(In thousands, except share and per share data)

	Three months ended March 31,
	2024	2023
Net revenues	$119,293	$120,232
Cost of goods sold	37,156	34,556
Gross profit	82,137	85,676
Operating expenses
Selling	28,459	31,158
Marketing	17,246	17,064
General and administrative	35,989	34,157
Total operating expenses	81,694	82,379
Net income from operations	443	3,297
Other income, net
Interest income	2,847	1,072
Other expense	(10)	(1)
Total other income, net	2,837	1,071
Net income before provision for income taxes	3,280	4,368
Provision for income taxes	1,845	2,459
Net income	$1,435	$1,909
Earnings attributable to Class A and Class B common stockholders
Basic earnings per share	$0.01	$0.01
Diluted earnings per share	$0.01	$0.01
Weighted-average shares outstanding—basic	169,923,479	166,773,335
Weighted-average shares outstanding—diluted	180,701,844	182,853,746

CONDENSED STATEMENTS OF COMPREHENSIVE INCOME

(In thousands)

	Three months ended March 31,
	2024	2023
Net income	$1,435	$1,909
Other comprehensive loss, net of tax
Unrealized loss on short-term investments, net of tax	(31)	—
Total other comprehensive loss, net of tax	(31)	—
Total comprehensive income	$1,404	$1,909

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.