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Dec 31, 2022
FIGS Q4 2022 Earnings Report
Delivered fourth quarter results ahead of expectations, reflecting strong holiday performance and growth in non-scrubwear and international businesses.
Key Takeaways
FIGS, Inc. reported Q4 2022 net revenues of $144.9 million, a 12.6% increase year over year. Net income was $3.4 million, with diluted earnings per share of $0.02. The company's gross margin was 68.2%, and adjusted EBITDA was $19.8 million, or 13.6% of net revenues.
Net revenues increased by 12.6% year-over-year to $144.9 million.
Gross margin was 68.2%, a decrease of 170 basis points year over year.
Net income was $3.4 million, with diluted earnings per share at $0.02.
Adjusted EBITDA was $19.8 million, representing 13.6% of net revenues.
Forward Guidance
FIGS anticipates mid-single digit growth in net revenues and an adjusted EBITDA margin of 11%-12% for 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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