FIGS, Inc.
For the period ended Mar 31, 2025. Filed May 8, 2025.
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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, 2025 · Filed May 8, 2025
FIGS$22.39+3.8%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except share and per share data)
| Three months ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Net revenues | $124,901 | $119,293 |
| Cost of goods sold | 40,442 | 37,156 |
| Gross profit | 84,459 | 82,137 |
| Operating expenses | ||
| Selling | 32,678 | 28,459 |
| Marketing | 18,156 | 17,246 |
| General and administrative | 33,836 | 35,989 |
| Total operating expenses | 84,670 | 81,694 |
| Net income (loss) from operations | (211) | 443 |
| Other income, net | ||
| Interest income | 2,076 | 2,847 |
| Other expense | (1) | (10) |
| Total other income, net | 2,075 | 2,837 |
| Net income before provision for income taxes | 1,864 | 3,280 |
| Provision for income taxes | 1,966 | 1,845 |
| Net income (loss) | $(102) | $1,435 |
| Earnings attributable to Class A and Class B common stockholders | ||
| Basic earnings (loss) per share | $— | $0.01 |
| Diluted earnings (loss) per share | $— | $0.01 |
| Weighted-average shares outstanding—basic | 162,465,988 | 169,923,479 |
| Weighted-average shares outstanding—diluted | 162,465,988 | 180,701,844 |
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(In thousands)
| Three months ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Net income (loss) | $(102) | $1,435 |
| Other comprehensive loss, net of tax | ||
| Unrealized loss on short-term investments, net of tax | (52) | (31) |
| Foreign currency translation adjustment | 7 | — |
| Total other comprehensive loss, net of tax | (45) | (31) |
| Total comprehensive income (loss) | $(147) | $1,404 |
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