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Mar 31
FIGS Q1 2025 Earnings Report
Estimated Revenue:$137M
-3.6% YoY
Estimated EPS:$0.01
+343.5% YoY
Key Takeaways
FIGS exceeded expectations in the first quarter of 2025, driven by customer growth, strong full-priced sales, and a record average order value. The company saw a return to growth in the U.S. market. However, changes in U.S. trade policies have introduced variability to the full-year outlook, leading to an updated forecast reflecting the projected impact of the current tariff structure.
Net revenues grew by 4.7% year-over-year in the first quarter of 2025.
The company reported a net loss of $102,000 for the quarter.
Adjusted EBITDA for the quarter was $9.004 million, representing a 7.2% margin.
Active customers reached 2.696 million as of March 31, 2025.
FIGS
FIGS
FIGS Revenue by Segment
FIGS Revenue by Geographic Location
Revenue by Segment
Scrubwear Revenue
CapyFin.comNon-Scrubwear Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.comRest of the World Revenue
CapyFin.com Forward Guidance
FIGS updated its full year 2025 financial outlook, projecting a low-single-digit decline in Net Revenues growth versus 2024 and an Adjusted EBITDA Margin of 7.5% to 8.5%. This update reflects the projected impact of current U.S. tariff structures.
Positive Outlook
- First quarter results were ahead of expectations.
- Supported by customer growth and strong full-priced selling.
- Achieved record average order value.
- Experienced a return to growth in the U.S.
- Belief that the industry is on the path to normalization.
Challenges Ahead
- Changes in U.S. trade policies add greater variability to planning.
- Particularly impacts the second half of the year.
- Updated outlook reflects projected impact of current tariff structure.
- Excludes the currently-paused reciprocal tariffs.
- Operating in a period of growing economic uncertainty.
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Key Statistics
Market Cap
$1.15B
P/E Ratio
143.82
Sector
Consumer Non Durables
Industry
Apparel Or Footwear
52-Week High
$7.14
52-Week Low
$3.6
Active Customers
2.7M
Net Revenues Per Active Customer
$208
Average Order Value
$119