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 Operations and Comprehensive Income (Loss)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except share and per share data)
| Three months endedSeptember 30, | Nine months endedSeptember 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Net revenues | $151,661 | $140,209 | $429,202 | $403,726 |
| Cost of goods sold | 45,593 | 46,181 | 136,429 | 130,299 |
| Gross profit | 106,068 | 94,028 | 292,773 | 273,427 |
| Operating expenses | ||||
| Selling | 35,841 | 38,599 | 102,952 | 103,992 |
| Marketing | 23,472 | 28,529 | 64,779 | 68,778 |
| General and administrative | 37,120 | 35,529 | 105,703 | 107,292 |
| Total operating expenses | 96,433 | 102,657 | 273,434 | 280,062 |
| Net income (loss) from operations | 9,635 | (8,629) | 19,339 | (6,635) |
| Other income, net | ||||
| Interest income | 2,315 | 2,926 | 6,510 | 8,603 |
| Other income (expense) | 9 | 2 | 5 | (8) |
| Total other income, net | 2,324 | 2,928 | 6,515 | 8,595 |
| Net income (loss) before provision (benefit) for income taxes | 11,959 | (5,701) | 25,854 | 1,960 |
| Provision (benefit) for income taxes | 3,213 | (4,001) | 10,111 | 1,125 |
| Net income (loss) | $8,746 | $(1,700) | $15,743 | $835 |
| Earnings attributable to Class A and Class B common stockholders | ||||
| Basic earnings (loss) per share | $0.05 | $(0.01) | $0.10 | $— |
| Diluted earnings (loss) per share | $0.05 | $(0.01) | $0.09 | $— |
| Weighted-average shares outstanding—basic | 163,665,566 | 170,168,732 | 162,942,689 | 170,161,922 |
| Weighted-average shares outstanding—diluted | 180,875,933 | 170,168,732 | 175,974,151 | 180,614,560 |
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(In thousands)
| Three months endedSeptember 30, | Nine months endedSeptember 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Net income (loss) | $8,746 | $(1,700) | $15,743 | $835 |
| Other comprehensive income, net of tax | ||||
| Unrealized gain on short-term investments, net of tax | 130 | 268 | 65 | 216 |
| Foreign currency translation adjustment | (38) | — | 76 | — |
| Total other comprehensive income, net of tax | 92 | 268 | 141 | 216 |
| Total comprehensive income (loss) | $8,838 | $(1,432) | $15,884 | $1,051 |
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