Short answer
FIGS, Inc. (FIGS) filed its Q1 2026 10-Q quarterly report on May 7, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $160M (up 28.0% year over year) with net income of $6M.
Q1 2026 key financials · XBRL
- Revenue
- $160M
- +28.0% YoY
- Net income
- $6M
- +6264.7% YoY
- Operating margin
- 2.8%
- Gross margin
- 67.7%
- EPS (diluted)
- $0.03
Source: XBRL data from the FIGS, Inc. (FIGS) Q1 2026 10-Q on SEC EDGAR. USD.
FIGS, Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $159.9M, up 28.0% YoY from $124.9M, driven by higher orders and AOV
- Gross margin 67.7% vs 67.6%; net income margin 3.9% vs (0.1)%
- Adjusted EBITDA $13.9M, margin 8.7% vs $9.2M, margin 7.3%
- Operating cash flow $(3.2)M vs $9.2M; free cash flow $(5.6)M vs $7.9M
- Cash $74.3M vs $82.0M; $8.8M share repurchases during quarter
- Tariffs expected to pressure 2026 gross margin, though less than previously disclosed
Risk Factors
- No newly added or changed risks identifiable; provided excerpt contains carried-forward factors and ends mid-disclosure
- Competitive risk: Healthcare apparel market includes larger, better-resourced wholesalers, retailers, and digitally native brands
- Regulatory risk: International expansion requires compliance with FCPA, U.K. Bribery Act, EU GDPR, UK GDPR, and consumer-safety rules
- Operational risk: Third-party logistics disruptions could delay inbound inventory, order processing, and customer deliveries
- Financial risk: Currency fluctuations and currency controls may restrict conversion of foreign currencies into U.S. dollars
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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