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

FIGS Q2 net revenues rise 28.8% to $196.6 million; raises 2026 outlook and buyback

Positive Impact 4 of 5 earnings Written later

FIGS reported second quarter 2026 net revenues of $196.6 million, up 28.8% year over year, and net income of $28.4 million, or $0.15 per diluted share, versus $7.1 million, or $0.04, a year earlier. The company also said it is increasing its full-year 2026 outlook and its share repurchase authorization by $100.0 million, to up to $200.0 million, which gives shareholders a larger buyback capacity.

Key points

  • Q2 net revenues were $196.6 million, up 28.8%; net income was $28.4 million, or $0.15 per diluted share, compared with $0.04 a year earlier.
  • Q2 gross margin of 75.2% included a 780 basis point positive impact from IEEPA tariff refunds; adjusted EBITDA of $36.6 million excluded $7.9 million of those refunds.
  • Full-year 2026 outlook: net revenues growth of approximately 20% and adjusted EBITDA margin of 14.8% to 15.0%.
  • Board authorized a $100.0 million increase to the buyback, bringing the total authorization to $200.0 million; about $119.2 million remains available after the increase, following $80.8 million of repurchases through June 30, 2026.

The filing

CompanyFIGS, Inc. (FIGS)
Form8-K, current report
Filed with the SECAug 6, 2026, 4:12 PM ET
Accession number0001628280-26-054319

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 August 06, 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.