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

FIGS Q3 net revenues rise 25.7% to $190.7 million; company raises full-year outlook

Positive Impact 4 of 5 earnings Written later

FIGS reported third quarter 2026 results for the period ended September 30, 2026, with net revenues of $190.7 million, up 25.7% year over year, and net income of $19.3 million, or $0.10 per diluted share, versus $0.05 a year earlier. The company raised its full-year 2026 net revenue growth and adjusted EBITDA margin outlooks, which shareholders will weigh against a gross margin that fell 60 basis points to 69.3%.

Key points

  • Net revenues were $190.7 million, up 25.7%; net income was $19.3 million, or $0.10 per diluted share, versus $8.7 million, or $0.05, a year earlier.
  • Adjusted EBITDA was $31.5 million, with a margin of 16.5%, compared with 12.4% in the same period of 2025.
  • Gross margin was 69.3%, down 60 basis points year over year, mainly due to outsized returns processing improvements in the prior year and higher inventory reserves.
  • Full-year 2026 outlook: net revenues up ~23.5% versus 2025 and adjusted EBITDA margin of approximately 15.8%; fourth-quarter net revenues up ~15%.

The filing

CompanyFIGS, Inc. (FIGS)
Form8-K, current report
Filed with the SECNov 5, 2026, 4:08 PM ET
Accession number0001628280-26-071035

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 November 05, 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.