FIGS, Inc.
For the period ended Sep 30, 2025. Filed Nov 6, 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.
Sep 30, 2025 · Filed Nov 6, 2025
FIGS$22.39+3.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(In thousands)
| Nine months endedSeptember 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net income | $15,743 | $835 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization expense | 6,478 | 4,848 |
| Deferred income taxes | (1,455) | 421 |
| Non-cash operating lease cost | 7,382 | 6,211 |
| Stock-based compensation | 21,683 | 32,618 |
| Accretion of discount and accrued interest on available-for-sale securities | (2,981) | (4,720) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (3,517) | (3,030) |
| Inventory | (35,474) | (4,356) |
| Prepaid expenses and other current assets | 227 | (7,965) |
| Other assets | 440 | (824) |
| Accounts payable | (4,018) | 10,828 |
| Accrued expenses | (7,629) | 21,231 |
| Accrued compensation and benefits | 6,715 | (1,905) |
| Sales tax payable | 25 | 1,101 |
| Gift card liability | 414 | (296) |
| Deferred revenue | 3,696 | 1,723 |
| Returns reserve | (656) | 1,643 |
| Income tax payable | (346) | (2,212) |
| Operating lease liabilities | (6,485) | (5,405) |
| Net cash provided by operating activities | 242 | 50,746 |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (5,305) | (13,658) |
| Purchases of available-for-sale securities | (185,857) | (191,379) |
| Maturities of available-for-sale securities | 153,300 | 141,230 |
| Other investing activities | (201) | — |
| Net cash used in investing activities | (38,063) | (63,807) |
| Cash flows from financing activities: | ||
| Repurchases of Class A Common Stock | (2,688) | (7,277) |
| Proceeds from stock option exercises and employee stock purchases | 1,318 | 268 |
| Net cash used in financing activities | (1,370) | (7,009) |
| Net change in cash and cash equivalents | (39,191) | (20,070) |
| Cash and cash equivalents beginning of period | $85,645 | $144,173 |
| Cash and cash equivalents end of period | $46,454 | $124,103 |
| Supplemental disclosures: | ||
| Property and equipment included in accounts payable and accrued expenses | $— | $2,174 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.