Figs Inc
NYSE:FIGS
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Figs Inc
NYSE:FIGS
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Figs Inc
FIGS, Inc. is a direct-to-consumer healthcare apparel and lifestyle brand that seeks to celebrate, empower and serve current and future generations of healthcare professionals. The company is headquartered in Santa Monica, California and currently employs 264 full-time employees. The company went IPO on 2021-05-27. The firm provides a range of products for women and men. Its product offering includes a scrubwear assortment, which consists of approximately 13 styles available on the Company's digital platform year-round. Its core styles consist of three women’s scrub tops, four women’s scrub pants, three men’s scrub tops and three men’s scrub pants. The firm offers lifestyle apparel and other non-scrub offerings that include lab coats, underscrubs, outerwear, activewear, loungewear, compression socks, footwear, masks, face shields and other products. Its lab coats are designed for both students and professionals and feature technical liquid repellent and anti-static fabric with functional pockets for stethoscopes, tablets and pens. The firm also offers activewear and outwear for healthcare professionals. It's activewear includes sports bras and performance leggings for the active medical professional.
FIGS, Inc. is a direct-to-consumer healthcare apparel and lifestyle brand that seeks to celebrate, empower and serve current and future generations of healthcare professionals. The company is headquartered in Santa Monica, California and currently employs 264 full-time employees. The company went IPO on 2021-05-27. The firm provides a range of products for women and men. Its product offering includes a scrubwear assortment, which consists of approximately 13 styles available on the Company's digital platform year-round. Its core styles consist of three women’s scrub tops, four women’s scrub pants, three men’s scrub tops and three men’s scrub pants. The firm offers lifestyle apparel and other non-scrub offerings that include lab coats, underscrubs, outerwear, activewear, loungewear, compression socks, footwear, masks, face shields and other products. Its lab coats are designed for both students and professionals and feature technical liquid repellent and anti-static fabric with functional pockets for stethoscopes, tablets and pens. The firm also offers activewear and outwear for healthcare professionals. It's activewear includes sports bras and performance leggings for the active medical professional.
Revenue Acceleration: FIGS delivered Q4 net revenue of $201.9 million, up 33% year-over-year and surpassing $200 million in a quarter for the first time, driven by strong customer growth and productivity.
Profitability: Q4 net income was $18.5 million with diluted EPS of $0.10, and full year adjusted EBITDA margin reached 11.8%, both showing substantial improvement.
International Strength: International revenue soared 55% year-over-year in Q4, with strong results in both existing and new markets like China and South Korea.
Customer Growth: Active customers hit a record 2.9 million, up 9% year-over-year, with notable gains in new and returning customers and better retention.
Gross Margin Dynamics: Q4 gross margin fell 440 basis points to 62.9% due to tariffs and one-time factors, but annual gross margin is expected to improve modestly in 2026.
Guidance Raised: Fiscal 2026 revenue is expected to grow 10% to 12%, approaching $700 million, with operating margin targeted between 7.6% and 7.9%, the best since going public.
Community Hubs & TEAMS: FIGS plans to open 4 more Community Hubs in 2026 and sees the TEAMS B2B channel contributing growing, profitable revenue.
Marketing & Innovation: Investments in product innovation, marketing, and personalization using AI were highlighted as key ongoing growth drivers.
