FIGS (NYSE:FIGS) Announces Earnings Results, Beats Expectations By $0.03 EPS

FIGS (NYSE:FIGS) announced its earnings results on Thursday. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03, FiscalAI reports. FIGS had a net margin of 9.67% and a return on equity of 14.78%. The business had revenue of $190.69 million for the quarter, compared to the consensus estimate of $182.82 million. During the same period last year, the firm posted $0.05 earnings per share. FIGS’s quarterly revenue was up 25.7% on a year-over-year basis.

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

• Q3 net revenue rose 26% to $190.7 million, while adjusted EBITDA margin expanded 410 basis points to 16.5%. Active customers, average order value, and revenue per active customer also grew.
• FIGS raised its full-year 2026 revenue growth outlook to approximately 23.5% and adjusted EBITDA margin outlook to 15.8%; it expects Q4 revenue growth of about 15%, despite a difficult comparison with last year.
• Growth was broad-based, with international revenue up 51%, scrubwear up 24%, and non-scrubwear up 35%. Management also cited customer and brand indicators, Community Hubs, and TEAMS partnerships as potential growth drivers.
• Supplier disruption and the ongoing Jordan-related WRO have constrained inventory and caused stockouts, particularly in limited-edition products. The company expects the greatest impact in Q4, with some effects continuing through Q2 2027; it is adding Vietnam capacity and plans to begin Indonesia production.
• Management said 2026 gross margin benefited by about 250 basis points from one-time tariff refunds, which will create a year-over-year headwind in 2027. It expects normalized gross margin to be around 67.5%, while monitoring sourcing and freight costs.

FIGS Stock Performance

NYSE:FIGS traded down $0.25 during mid-day trading on Friday, reaching $19.96. The stock had a trading volume of 7,430,912 shares, compared to its average volume of 4,536,684. The firm has a 50 day moving average price of $16.34 and a two-hundred day moving average price of $13.64. The stock has a market capitalization of $3.32 billion, a P/E ratio of 52.53 and a beta of 1.05. FIGS has a one year low of $8.00 and a one year high of $22.46.

Wall Street Analyst Weigh In

FIGS has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of FIGS from a “strong-buy” rating to a “buy” rating in a report on Saturday. Roth Capital restated a “buy” rating on shares of FIGS in a research report on Friday, August 7th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $16.00 price objective on shares of FIGS in a report on Friday, August 7th. KeyCorp upped their target price on shares of FIGS from $20.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Telsey Advisory Group reduced their target price on FIGS from $17.00 to $16.00 and set a “market perform” rating on the stock in a research note on Friday, August 7th. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.14.

Key Stories Impacting FIGS

Here are the key news stories impacting FIGS this week:

• Positive Sentiment: KeyCorp raised its price target on FIGS to $27 from $20 and reiterated an “overweight” rating. The new target implies 35.3% upside from the cited $19.96 share price. KeyCorp ratings
• Positive Sentiment: FIGS reported Q3 revenue of $190.7 million, up 25.7% year over year and above the $182.8 million analyst estimate. Earnings of $0.10 per share also beat the $0.07 consensus and doubled the year-ago $0.05. Q3 earnings report
• Positive Sentiment: Management also provided optimistic revenue guidance for the next quarter, adding to the upbeat earnings report. Q3 sales and guidance article
• Negative Sentiment: A recent analysis described FIGS as “priced for perfection” after a substantial run-up, suggesting high expectations could limit further gains or magnify a disappointment. Valuation analysis

About FIGS

FIGS, Inc is a direct-to-consumer healthcare apparel and lifestyle company that designs and sells clothing and accessories for healthcare professionals. Its product portfolio includes scrubs, underscrubs, outerwear, footwear, bags and other accessories intended to combine functionality, comfort and contemporary design.

The company sells primarily through its digital platform and also operates retail locations and other distribution channels. FIGS serves healthcare professionals in the United States and select international markets, including Canada, the United Kingdom and Australia.

FIGS was founded in 2013 by Heather Hasson and Trina Spear.