FIGS FIGS, Inc.

FY2025 10-K
Filed: Feb 26, 2026
Consumer Discretionary
Apparel & Other Finishd Prods of Fabrics & Similar MatlSEC EDGAR

FIGS, Inc. (FIGS) filed its fiscal year 2025 10-K annual report with the SEC on Feb 26, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

Business Overview

  • Core business: digitally native DTC healthcare apparel and lifestyle brand serving healthcare professionals with premium, technically advanced scrubs and complementary products
  • New in 2025: launched FIGS Awesome Humans Foundation, a 501(c)(3) charity supporting healthcare professionals in crisis, scholarships, and nonprofits
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Management Discussion & Analysis

  • No revenue or profitability figures disclosed; risks cite potential slowing or decline impacting margins
  • Marketing and operational expenses expected to rise, possibly outpacing revenue growth, threatening profitability
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Risk Factors

  • Regulatory risk: U.S. tariff policy changes increased product costs, negatively impacting gross margin by ~120 bps in 2025
  • Macroeconomic risk: Sustained inflation pressures reduced consumer spending frequency, contributing to softer sales trends in 2025
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