FIGS, Inc.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
FIGS$21.58+8.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(In thousands, except share and per share data)
| Year ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Net revenues | $631,098 | $555,558 | $545,646 |
| Cost of goods sold | 211,259 | 179,935 | 168,683 |
| Gross profit | 419,839 | 375,623 | 376,963 |
| Operating expenses | |||
| Selling | 145,851 | 141,909 | 125,149 |
| Marketing | 93,105 | 88,566 | 77,094 |
| General and administrative | 142,736 | 142,883 | 140,675 |
| Total operating expenses | 381,692 | 373,358 | 342,918 |
| Net income from operations | 38,147 | 2,265 | 34,045 |
| Other income, net | |||
| Interest income | 8,748 | 11,242 | 6,775 |
| Other income (expense) | 312 | 833 | (13) |
| Total other income, net | 9,060 | 12,075 | 6,762 |
| Net income before provision for income taxes | 47,207 | 14,340 | 40,807 |
| Provision for income taxes | 12,957 | 11,620 | 18,170 |
| Net income | $34,250 | $2,720 | $22,637 |
| Earnings attributable to Class A and Class B common stockholders | |||
| Basic earnings per share | $0.21 | $0.02 | $0.13 |
| Diluted earnings per share | $0.19 | $0.02 | $0.12 |
| Weighted-average shares outstanding—basic | 163,462,072 | 169,201,983 | 168,065,721 |
| Weighted-average shares outstanding—diluted | 179,486,886 | 180,102,840 | 182,412,965 |
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