FIGS, Inc.
For the period ended Mar 31, 2026. Filed May 7, 2026.
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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, 2026 · Filed May 7, 2026
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)
| Three months ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $6,288 | $(102) |
| Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities: | ||
| Depreciation and amortization expense | 3,411 | 1,999 |
| Deferred income taxes | 6 | 995 |
| Non-cash operating lease cost | 2,391 | 2,303 |
| Stock-based compensation | 5,451 | 7,239 |
| Accretion of discount and accrued interest on available-for-sale securities | (337) | (1,113) |
| Realized gains on available-for-sale securities | (32) | — |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 1,031 | 2,078 |
| Inventory | (11,416) | (15,818) |
| Prepaid expenses and other current assets | 1,662 | 2,899 |
| Other assets | 67 | 166 |
| Accounts payable | (10,600) | 1,303 |
| Accrued expenses | 15,130 | 12,406 |
| Accrued compensation and benefits | (12,341) | (618) |
| Sales tax payable | 661 | 51 |
| Gift card liability | (363) | (299) |
| Deferred revenue | (2,286) | (2,653) |
| Returns reserve | (213) | (172) |
| Income tax payable | (591) | 272 |
| Operating lease liabilities | (1,204) | (1,701) |
| Other non-current liabilities | 81 | — |
| Net cash (used in) provided by operating activities | (3,204) | 9,235 |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (2,424) | (1,310) |
| Purchases of available-for-sale securities | (105,452) | (54,624) |
| Maturities and sales of available-for-sale securities | 121,676 | 53,951 |
| Purchase of investment in equity securities | — | (201) |
| Net cash (used in) provided by investing activities | 13,800 | (2,184) |
| Cash flows from financing activities: | ||
| Repurchases of Class A Common Stock | (8,799) | (2,688) |
| Proceeds from stock option exercises and employee stock purchases | 295 | — |
| Payments for taxes related to net share settlement of equity awards | (9,758) | — |
| Net cash used in financing activities | (18,262) | (2,688) |
| Effect of foreign currency exchange rate changes on cash and cash equivalents | (15) | — |
| Net increase (decrease) in cash and cash equivalents | (7,681) | 4,363 |
| Cash and cash equivalents, beginning of period | $81,985 | $85,645 |
| Cash and cash equivalents end of period | $74,304 | $90,008 |
| Supplemental disclosures: | ||
| Property and equipment included in accounts payable and accrued expenses | $260 | $70 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.