FIGS, Inc. (FIGS) FY2025 10-K Annual Report
Filed: Feb 26, 2026
Consumer Discretionary
Apparel & Other Finishd Prods of Fabrics & Similar MatlSEC EDGAR FIGS, Inc. (FIGS) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 26, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
FIGS, Inc. FY2025 10-K Analysis
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
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
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
FIGS, Inc. FY2025 Key Financial MetricsXBRL
Revenue
$631M
▲ +13.6% YoY
Net Income
$34M
▲ +1159.2% YoY
Gross Margin
66.5%
▼ -109bp YoY
Operating Margin
6.0%
▲ +564bp YoY
Net Margin
5.4%
▲ +494bp YoY
ROE
7.8%
▲ +711bp YoY
Total Assets
$580M
▲ +13.8% YoY
EPS (Diluted)
$0.19
▲ +850.0% YoY
Operating Cash Flow
$61M
▼ -24.6% YoY
Source: XBRL data from FIGS, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.
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