FIGS Inc
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
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
Consolidated Balance Sheets
(In thousands, except share and per share data)
| As of | ||
|---|---|---|
| December 31,2024 | December 31,2023 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $85,645 | $144,173 |
| Short-term investments | 159,469 | 102,522 |
| Accounts receivable | 8,625 | 7,469 |
| Inventory, net | 115,759 | 119,040 |
| Prepaid expenses and other current assets | 13,268 | 12,455 |
| Total current assets | 382,766 | 385,659 |
| Non-current assets | ||
| Property and equipment, net | 35,274 | 24,864 |
| Operating lease right-of-use assets | 50,497 | 43,059 |
| Deferred tax assets | 11,643 | 18,291 |
| Investment in equity securities | 27,534 | — |
| Other assets | 2,073 | 1,336 |
| Total non-current assets | 127,021 | 87,550 |
| Total assets | $509,787 | $473,209 |
| Liabilities and stockholders’ equity | ||
| Current liabilities | ||
| Accounts payable | $9,401 | $14,749 |
| Operating lease liabilities | 10,596 | 8,230 |
| Accrued expenses | 42,316 | 7,906 |
| Accrued compensation and benefits | 5,689 | 7,312 |
| Sales tax payable | 3,705 | 3,149 |
| Gift card liability | 9,604 | 8,240 |
| Deferred revenue | 4,612 | 2,160 |
| Returns reserve | 3,873 | 2,989 |
| Income tax payable | 346 | 2,557 |
| Total current liabilities | 90,142 | 57,292 |
| Non-current liabilities | ||
| Operating lease liabilities, non-current | 42,430 | 38,884 |
| Other non-current liabilities | 83 | 183 |
| Total liabilities | 132,655 | 96,359 |
| Commitments and contingencies (Note 10) | ||
| Stockholders’ equity | ||
| Class A common stock — par value $0.0001 per share, 1,000,000,000 shares authorized as of December 31, 2024 and December 31, 2023; 154,003,352 and 161,457,403 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively | 15 | 16 |
| Class B common stock — par value $0.0001 per share, 150,000,000 shares authorized as of December 31, 2024 and December 31, 2023; 8,283,641 shares issued and outstanding as of December 31, 2024 and December 31, 2023 | — | — |
| Preferred stock — par value $0.0001 per share, 100,000,000 shares authorized as of December 31, 2024 and December 31, 2023; zero shares issued and outstanding as of December 31, 2024 and December 31, 2023 | — | — |
| Additional paid-in capital | 312,622 | 315,075 |
| Accumulated other comprehensive income | 21 | 5 |
| Retained earnings | 64,474 | 61,754 |
| Total stockholders’ equity | 377,132 | 376,850 |
| Total liabilities and stockholders’ equity | $509,787 | $473,209 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.