FIGS, Inc.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Net revenues $110.5m $263.1m $419.6m $505.8m $545.6m $555.6m $631.1m
Cost of goods sold $31.2m $72.9m $118.4m $151.4m $168.7m $179.9m $211.3m
Gross profit $79.3m $190.2m $301.2m $354.5m $377.0m $375.6m $419.8m
Total operating expenses $79.7m $132.3m $290.2m $316.8m $342.9m $373.4m $381.7m
Net income from operations ($347k) $57.9m $11.0m $37.7m $34.0m $2.3m $38.1m
Selling $24.8m $51.9m $81.9m $118.4m $125.1m $141.9m $145.9m
Marketing $33.2m $38.9m $58.7m $77.7m $77.1m $88.6m $93.1m
General and administrative $21.6m $41.5m $149.6m $120.7m $140.7m $142.9m $142.7m
Interest income $460k $136k ($239k) $1.7m $6.8m $11.2m $8.7m
Provision for income taxes $0 $8.3m $19.4m $17.5m $18.2m $11.6m $13.0m
Total other income, net $459k $136k ($1.1m) $1.1m $6.8m $12.1m $9.1m
Net income before provision for income taxes $112k $58.1m $9.9m $38.7m $40.8m $14.3m $47.2m
Net income $112k $49.8m ($9.6m) $21.2m $22.6m $2.7m $34.2m
Basic earnings per share (in USD per share) $0.00 $0.32 ($0.06) $0.13 $0.13 $0.02 $0.21
Diluted earnings per share (in USD per share) $0.00 $0.30 ($0.06) $0.11 $0.12 $0.02 $0.19
Weighted-average shares outstanding - basic (in shares) 153.1m 153.3m 159.2m 165.3m 168.1m 169.2m 163.5m
Weighted-average shares outstanding—diluted (in shares) 153.6m 163.3m 159.2m 187.5m 182.4m 180.1m 179.5m
Other income (expense) $0 ($885k) ($647k) ($13k) $833k $312k