10-Q quarterly report · filed Nov 6, 2025

FIGS, Inc. (FIGS) Q3 2025 10-Q Quarterly Report

Short answer

FIGS, Inc. (FIGS) filed its Q3 2025 10-Q quarterly report on Nov 6, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $152M (up 8.2% year over year) with net income of $9M.

Q3 2025 key financials · XBRL

Revenue
$152M
+8.2% YoY · −0.6% QoQ
Net income
$9M
+614.5% YoY · +23.2% QoQ
Operating margin
6.4%
Gross margin
69.9%
EPS (diluted)
$0.05
+600.0% YoY · +25.0% QoQ

Source: XBRL data from the FIGS, Inc. (FIGS) Q3 2025 10-Q on SEC EDGAR. USD.

FIGS, Inc. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Profitability pressure expected from increased operating expenses, including sales, marketing, product development, and stock-based compensation
  • No segment or product line financial performance detailed; core healthcare apparel focus highlighted with risks of changing customer preferences
  • No cash flow or capital deployment data; operational scaling challenges and increased employee compensation noted as potential cost drivers
  • Management cautions risks from competition, supply chain, international expansion, brand reputation, and market acceptance affecting near-term performance and growth prospects

Risk Factors

  • New tax legislation risk from July 4, 2025 U.S. One Big Beautiful Bill Act; impact applied but deemed not material
  • Most materially updated risk: income tax provision increased 798.8% YoY due to higher pre-tax income and new tax law impact
  • Regulatory risk: changes in import duties and tariffs affecting cost of goods sold and gross margin fluctuations
  • Operational risk: dependency on digital platform growth measured by active customers (2.78M vs 2.67M) impacting net revenues
  • Financial risk: liquidity supported by $46.5M cash, $95.1M available credit line, and $52.0M share repurchase authorization remaining

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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