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AI brief of an SEC Form 8-K · FIGS, Inc. (FIGS)

FIGS Q1 revenue rises 28% to $159.9 million; profit $6.3 million; outlook raised

Positive Impact 4 of 5 earnings Written later

FIGS reported first quarter 2026 net revenues of $159.9 million, up 28.0% year over year, and net income of $6.3 million, or $0.03 per diluted share, compared with a net loss of $0.1 million a year earlier. The company raised its full year 2026 outlook to net revenues growth of 14% to 16% and adjusted EBITDA margin of 13.0% to 13.2%, but free cash flow was negative $5.6 million for the quarter.

Key points

  • Net revenues were $159.9 million, up 28.0%; U.S. revenues rose 24.1% to $131.6 million and international revenues rose 49.9% to $28.3 million.
  • Net income was $6.3 million, or $0.03 per diluted share, versus a net loss of $0.1 million in the first quarter of 2025.
  • Full year 2026 outlook: net revenues growth of 14% to 16% and adjusted EBITDA margin of 13.0% to 13.2%.
  • Free cash flow was negative $5.6 million, compared with positive $7.9 million in the first quarter of 2025; active customers reached 3.0 million, up 12.2%.

The filing

CompanyFIGS, Inc. (FIGS)
Form8-K, current report
Filed with the SECMay 7, 2026, 4:11 PM ET
Accession number0001628280-26-032106

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 07, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.