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FIGS, Inc. (FIGS) Annual Reports

Q: Where can I read FIGS, Inc. (FIGS) annual reports?

Every year on this page links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser. 3 filings are currently indexed.

Q: What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer; a 20-F is filed by foreign private issuers (Taiwanese companies with US ADRs, such as TSMC, file 20-F). A 40-F applies to Canadian issuers under the MJDS.

FIGS, Inc. is listed on NYSE, classified by the SEC under Apparel & Other Finishd Prods of Fabrics & Similar Matl (SIC 2300). This page indexes 3 annual reports, each linking to the full text on the SEC's EDGAR system.

Company profile

Exchange： NYSE
Fiscal year end： 12/31
SEC CIK： 1846576 →

Website：Official site ↗

Financial Highlights

FY2026 Q2 (quarterly, ended 2026-06-30)
	Current	Prior year	YoY
Revenue	$196.6M	$152.6M	+28.8%
Operating income	$35.3M	$9.9M	+255.6%
Net income	$28.4M	$7.1M	+299.8%
EPS (diluted)	$0.15	$0.04	+275.0%

Source: SEC EDGAR (XBRL company facts)

Financial history

Revenue & profit

Quarterly · In mn (USD)

Revenue 197 mn Net income 28.4 mn

Show table：Income statement

Item	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Revenue	110	—	64.1	76.8	90.2	87.1	101	103	129	110	122	129	145	120	138	142	145	119	144	140	152	125	153	152	202	160	197
Gross profit	79.3	—	45.2	56.6	64.1	62.4	74.2	74.7	90.0	78.4	86.3	90.8	98.8	85.7	96.0	97.4	97.9	82.1	97.3	94.0	102	84.5	102	106	127	108	148
Operating income	-0.35	—	16.6	24.6	12.8	16.1	-32.1	10.6	16.4	13.8	9.45	11.2	3.26	3.30	6.57	9.95	14.2	0.44	1.55	-8.63	8.90	-0.21	9.91	9.64	18.8	4.48	35.3
Net income	0.11	4.13	14.2	19.3	12.1	11.4	-40.5	6.95	12.6	8.90	4.85	4.04	3.39	1.91	4.58	6.15	10.0	1.44	1.10	-1.70	1.89	-0.1	7.10	8.75	18.5	6.29	28.4

Balance sheet

Quarterly · In mn (USD)

Total assets 583 mn Total liabilities 140 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Current assets	—	—	—	—	120	—	243	269	293	306	316	346	357	350	369	395	386	406	417	434	383	400	394	418	447	432	453
Total assets	—	—	—	—	134	—	254	285	312	343	354	386	395	388	411	442	473	511	526	542	510	522	517	545	580	563	583
Current liabilities	—	—	—	—	32.5	—	46.9	61.6	62.4	61.2	58.0	76.5	71.4	52.8	56.8	70.2	57.3	71.8	76.6	94.8	90.1	101	78.4	86.7	90.5	80.2	91.4
Total liabilities	—	—	—	—	36.2	—	50.5	65.2	66.2	79.4	75.5	93.2	87.3	67.9	74.1	86.6	96.4	121	124	139	133	141	121	131	143	133	140
Equity	38.8	43.0	57.4	77.5	97.7	114	204	219	246	263	278	292	308	320	337	355	377	390	402	404	377	382	397	413	437	431	442

Cash flow

Quarterly · In mn (USD)

Operating 46.9 mn Investing 10.9 mn Financing -23.5 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Operating	6.53	—	24.3	-1.32	-1.24	16.1	16.6	19.8	13.9	-8.02	-18.5	-13.3	4.55	-2.88	29.4	54.1	20.3	11.6	16.5	22.6	30.4	9.24	-12.4	3.44	60.9	-3.20	46.9
Investing	-4.76	—	-1.08	-0.46	-0.72	-0.53	-0.49	-0.98	-0.7	-0.36	-1.86	-2.53	-1.09	-0.77	-39.2	-18.0	-59.2	-0.47	-40.3	-23.0	-31.1	-2.18	-26.9	-8.96	-25.9	13.8	10.9
Financing	14.0	—	0	0.04	0.26	0.12	74.0	1.21	0.25	0.35	1.20	1.24	0.73	-0.24	0.64	0.13	0.15	0.01	0.25	-7.27	-37.8	-2.69	0.19	1.13	0.4	-18.3	-23.5
Cash at period end	38.4	—	61.6	58.1	58.1	73.8	164	181	195	189	170	156	160	156	147	183	144	155	132	124	85.7	90.0	50.9	46.5	82.0	74.3	109

Profitability

Quarterly · %

Gross margin 75.2% Operating margin 17.9% Net margin 14.4%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Gross margin	71.8%	—	70.5%	73.7%	71.0%	71.6%	73.3%	72.7%	69.9%	71.2%	70.6%	70.6%	68.2%	71.3%	69.5%	68.4%	67.5%	68.8%	67.4%	67.1%	67.3%	67.6%	67.0%	69.9%	62.9%	67.7%	75.2%
Operating margin	-0.3%	—	25.8%	32.0%	14.2%	18.4%	-31.7%	10.3%	12.8%	12.5%	7.7%	8.7%	2.3%	2.7%	4.8%	7.0%	9.8%	0.4%	1.1%	-6.2%	5.9%	-0.2%	6.5%	6.3%	9.3%	2.8%	17.9%
Net margin	0.1%	—	22.1%	25.2%	13.4%	13.1%	-40.1%	6.8%	9.8%	8.1%	4.0%	3.1%	2.3%	1.6%	3.3%	4.3%	6.9%	1.2%	0.8%	-1.2%	1.2%	-0.1%	4.7%	5.8%	9.2%	3.9%	14.4%

Returns & leverage

Quarterly · %

ROE 14.8% ROA 11.3% Debt ratio 24.1%

ROE / ROA = trailing four-quarter net income ÷ average equity / total assets (annual mode: the year’s net income ÷ average of opening and closing). Not computed when the denominator is zero or negative.

Show table：Returns & leverage

Item	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
ROE	—	—	—	48.7%	72.9%	72.6%	1.8%	-6.8%	-5.6%	-6.4%	13.8%	11.9%	7.7%	4.9%	4.5%	5.0%	6.6%	6.2%	5.1%	2.9%	0.7%	0.3%	1.8%	4.3%	8.4%	10.0%	14.8%
ROA	—	—	—	—	37.2%	—	0.9%	-3.5%	-4.3%	-3.5%	11.0%	9.1%	6.0%	3.9%	3.6%	3.9%	5.2%	4.9%	4.0%	2.2%	0.6%	0.2%	1.4%	3.2%	6.3%	7.5%	11.3%
Debt ratio	—	—	—	—	27.0%	—	19.9%	22.9%	21.2%	23.2%	21.4%	24.2%	22.1%	17.5%	18.0%	19.6%	20.4%	23.7%	23.6%	25.6%	26.0%	26.9%	23.3%	24.1%	24.6%	23.6%	24.1%

EPS

Quarterly · US$

EPS US$0.15

Show table：EPS

Item	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
EPS（US$）	0.00	—	0.09	0.12	0.06	0.07	-0.26	0.03	0.08	0.05	0.03	0.02	0.02	0.01	0.02	0.03	0.05	0.01	0.01	-0.01	0.02	0.00	0.04	0.05	0.10	0.03	0.15

Revenue & profit

Year-to-date · In mn (USD)

Revenue 357 mn Net income 34.7 mn

Year-to-date = summed from the first quarter of the fiscal year; balance-sheet items are period-end balances.

Balance sheet

Year-to-date · In mn (USD)

Total assets 583 mn Total liabilities 140 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Cash flow

Year-to-date · In mn (USD)

Operating 43.6 mn Investing 24.7 mn Financing -41.8 mn

Positive = cash in, negative = cash out.

Profitability

Year-to-date · %

Gross margin 71.8% Operating margin 11.2% Net margin 9.7%

Gross, operating and net margin = the respective profit ÷ revenue.

Returns & leverage

Year-to-date · %

ROE 14.8% ROA 11.3% Debt ratio 24.1%

EPS

Year-to-date · US$

EPS US$0.18

Revenue & profit

Annual · In mn (USD)

Revenue 631 mn Net income 34.3 mn

Annual = sum of four quarters of a complete fiscal year (incomplete years are omitted); balance-sheet items are year-end balances.

Show table：Income statement

Item	2020	2021	2022	2023	2024	2025
Revenue	—	420	506	546	556	631
Gross profit	—	301	354	377	376	420
Operating income	—	11.0	37.7	34.0	2.27	38.1
Net income	49.8	-9.56	21.2	22.6	2.72	34.3

Balance sheet

Annual · In mn (USD)

Total assets 580 mn Total liabilities 143 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2020	2021	2022	2023	2024	2025
Current assets	120	293	357	386	383	447
Total assets	134	312	395	473	510	580
Current liabilities	32.5	62.4	71.4	57.3	90.1	90.5
Total liabilities	36.2	66.2	87.3	96.4	133	143
Equity	97.7	246	308	377	377	437

Cash flow

Annual · In mn (USD)

Operating 61.2 mn Investing -64.0 mn Financing -0.97 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2020	2021	2022	2023	2024	2025
Operating	—	66.4	-35.3	101	81.2	61.2
Investing	—	-2.71	-5.85	-117	-94.9	-64.0
Financing	—	75.6	3.52	0.67	-44.8	-0.97
Cash at period end	58.1	195	160	144	85.7	82.0

Profitability

Annual · %

Gross margin 66.5% Operating margin 6.0% Net margin 5.4%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2020	2021	2022	2023	2024	2025
Gross margin	—	71.8%	70.1%	69.1%	67.6%	66.5%
Operating margin	—	2.6%	7.5%	6.2%	0.4%	6.0%
Net margin	—	-2.3%	4.2%	4.2%	0.5%	5.4%

Returns & leverage

Annual · %

ROE 8.4% ROA 6.3% Debt ratio 24.6%

Show table：Returns & leverage

Item	2020	2021	2022	2023	2024	2025
ROE	50.9%	-5.6%	7.7%	6.6%	0.7%	8.4%
ROA	37.2%	-4.3%	6.0%	5.2%	0.6%	6.3%
Debt ratio	27.0%	21.2%	22.1%	20.4%	26.0%	24.6%

EPS

Annual · US$

EPS US$0.19

Show table：EPS

Item	2020	2021	2022	2023	2024	2025
EPS（US$）	—	-0.08	0.12	0.11	0.03	0.19

Source: SEC EDGAR (XBRL company facts)

Annual reports by year

	10-K
2025	Open full text →
2024	Open full text →
2023	Open full text →

10-K: annual report of a US domestic issuer. Filings are the original documents hosted on SEC EDGAR — this site neither mirrors nor edits them.

FAQ

Where can I read FIGS, Inc. (FIGS) annual reports?

Every year in the table above links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser without downloading anything. 3 filings are currently indexed.

What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer, with sections fixed by law: Item 1 Business, Item 1A Risk Factors, Item 7 Management's Discussion and Analysis. A 20-F is filed by foreign private issuers — Taiwanese companies with US ADRs, such as TSMC, file 20-F rather than 10-K. A 40-F applies to Canadian issuers under the MJDS.

Are earnings call materials available here?

No. Earnings calls are not SEC filings, so US pages on this site cover annual reports only. Taiwan has a mandatory investor-conference disclosure regime, and those materials are indexed under Annual Reports.

Source: US Securities and Exchange Commission (SEC) EDGAR. This site indexes public filings and links to them; it hosts no copies, offers no investment advice, and makes no warranty as to timeliness or completeness.
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