FIGS (NYSE:FIGS) Releases Earnings Results, Beats Expectations By $0.08 EPS

FIGS (NYSE:FIGS) issued its earnings results on Thursday. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.08, FiscalAI reports. FIGS had a return on equity of 4.50% and a net margin of 3.03%.The business had revenue of $201.90 million during the quarter, compared to analysts’ expectations of $165.33 million. During the same quarter in the previous year, the business earned $0.01 EPS. The company’s revenue for the quarter was up 33.0% on a year-over-year basis.

Here are the key takeaways from FIGS’s conference call:

• Q4 net revenue surged 33% year-over-year to $201.9 million with active customers rising to a record 2.9 million, +9% YoY, and AOV up 9%, driving strong profitability in the quarter.
• Full-year 2025 milestones included record net revenue of $631.1 million, scrub wear crossing the $500 million mark, international sales topping $100 million, and a record net cash/investment position of $300.8 million.
• Gross margin faced headwinds from tariff pressures and a deliberate $5.6 million inventory write-off in Q4, and management assumes a 15% global tariff that would add ~280 basis points of drag in 2026.
• Management guided fiscal 2026 to net revenue growth of 10–12% with improved profitability targets — adjusted EBITDA margin of 12.7–12.9% and operating margin of 7.6–7.9% — while planning continued investments and opportunistic buybacks.
• Expansion initiatives showed momentum: international net revenue grew 55% in Q4 with new market entries (e.g., China, South Korea) and plans to exceed 80 markets, plus category and channel builds (Teams B2B, community hubs, product fabric innovations) to broaden future growth.

FIGS Stock Performance

Shares of FIGS stock traded up $1.64 during trading on Thursday, reaching $12.60. The company had a trading volume of 9,780,949 shares, compared to its average volume of 2,828,274. FIGS has a fifty-two week low of $3.57 and a fifty-two week high of $12.66. The firm’s fifty day moving average is $11.33 and its 200-day moving average is $9.29. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 126.00 and a beta of 1.29.

More FIGS News

Here are the key news stories impacting FIGS this week:

• Positive Sentiment: Q4 beat — FIGS reported EPS of $0.10 (vs. consensus $0.02) and revenue of $201.9M (vs. consensus $165.3M), showing clear top- and bottom-line outperformance that drove investor optimism. Press Release
• Positive Sentiment: Raised FY2026 revenue guidance — management set revenue guidance of $694.2M–$706.8M, well above the street consensus (~$625.6M), signaling stronger growth expectations for the year and supporting a re-rating of the stock. FIGS Releases Fourth Quarter and Full Year 2025 Financial Results
• Neutral Sentiment: Positive partnership momentum but uncertain lift — the company’s recent promotional push (including an Olympic-related partnership discussed in previews) may drive brand awareness and sales, but the near-term revenue impact is not quantified. Figs on deck with Q4 earnings after Olympic partnership push
• Neutral Sentiment: Street stance remains cautious — analysts’ average rating is around “Hold,” suggesting investors should expect continued scrutiny even after the beat and guide. FIGS, Inc. Receives Average Recommendation of “Hold”
• Negative Sentiment: Profitability and valuation risks — despite revenue strength, net margin remained low (~3.0%) and ROE modest (~4.5%), and the shares trade at a high P/E (~126x), leaving the stock sensitive to any margin pressure or growth shortfall. Press Release

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Wall Street Zen downgraded FIGS from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of FIGS in a report on Monday, December 29th. Wolfe Research upgraded FIGS to a “buy” rating in a report on Wednesday, December 10th. Zacks Research raised shares of FIGS from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Finally, Barclays upped their target price on shares of FIGS from $9.00 to $11.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, FIGS currently has a consensus rating of “Hold” and a consensus price target of $10.10.

Insider Buying and Selling at FIGS

In related news, insider Heather L. Hasson sold 22,874 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $10.56, for a total transaction of $241,549.44. Following the sale, the insider directly owned 1,251,967 shares of the company’s stock, valued at approximately $13,220,771.52. This represents a 1.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Catherine Eva Spear sold 49,734 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $11.38, for a total value of $565,972.92. Following the transaction, the chief executive officer owned 1,857,299 shares in the company, valued at $21,136,062.62. This trade represents a 2.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 105,813 shares of company stock worth $1,168,051 over the last quarter. 29.44% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Quarry LP lifted its stake in FIGS by 1,876.3% in the third quarter. Quarry LP now owns 7,846 shares of the company’s stock valued at $52,000 after buying an additional 7,449 shares during the last quarter. Hudson Bay Capital Management LP bought a new position in shares of FIGS during the second quarter worth about $61,000. Walleye Capital LLC acquired a new stake in shares of FIGS in the 2nd quarter worth about $65,000. Kemnay Advisory Services Inc. bought a new stake in FIGS in the 4th quarter valued at about $69,000. Finally, Prudential Financial Inc. acquired a new position in FIGS during the 2nd quarter valued at about $70,000. 92.21% of the stock is currently owned by institutional investors.

About FIGS

FIGS, Inc operates as a direct-to-consumer designer and retailer of medical apparel and accessories. The company offers a range of products tailored to the needs of healthcare professionals, including scrub sets, lab coats, tops, bottoms, outerwear, footwear, and performance fabrics designed for comfort, durability, and antimicrobial protection. Through its e-commerce platform and a growing network of retail stores, FIGS provides customizable uniforms and accessories with a focus on innovative materials and functional design features such as four-way stretch fabrics, moisture-wicking technology, and multiple secure pockets.

Founded in 2013 by Heather Hasson and Trina Spear, FIGS set out to disrupt the traditional medical uniform market by emphasizing both form and function.