Loading...
•
Dec 31, 2025
FIGS Q4 2025 Earnings Report
FIGS reported record fourth quarter 2025 net revenues with significant margin expansion and strong profitability improvement.
Key Takeaways
FIGS delivered Q4 2025 net revenues of 201896000, up 33.0% year over year, with net income of 18507000 and adjusted EBITDA of 26734000, reflecting improved operating leverage despite gross margin pressure.
Net revenues increased 33.0% year over year to 201896000.
Net income rose to 18507000 from 1885000 in the prior year.
Net income margin expanded to 9.2% from 1.2%.
Adjusted EBITDA was 26734000 with a 13.2% margin.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For full year 2026, FIGS expects net revenues growth of 10% to 12% versus 2025 and adjusted EBITDA margin of 12.7% to 12.9%.
Positive Outlook
- Expected 2026 net revenues growth of 10% to 12%.
- Projected adjusted EBITDA margin of 12.7% to 12.9%.
- Anticipated low-20% revenue growth in Q1 2026.
- Expectation of increased profitability in 2026.
- Strong balance sheet and cash flow expected to improve further.
Challenges Ahead
- Gross margin declined 440 basis points year over year in Q4.
- Inventory write-off of 5600000 impacted Q4 results.
- Higher global tariffs expected in 2026.
- Exposure to macroeconomic and consumer demand risks.
- Margin guidance excludes potential variability from stock-based compensation and taxes.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...