FIGS Releases First Quarter 2025 Financial Results

About this update from Figs, Inc.

[{"type":"text","content":"Results Exceed Expectations Highlighted by Net Revenues Growth of 4.7%","length":70,"tagName":"p","attribs":{}},{"type":"text","content":"Updates Full Year 2025 Outlook in Response to U.S. Tariffs","length":58,"tagName":"p","attribs":{}},{"type":"text","content":"SANTA MONICA, Calif., May 08, 2025--(BUSINESS WIRE)--FIGS, Inc. (NYSE: FIGS) (the "Company"), the global leading healthcare apparel brand dedicated to improving the lives of healthcare professionals, today released its first quarter 2025 financial results and published a financial highlights presentation on its investor relations website at ir.wearfigs.com/financials/quarterly-results/.","length":399,"tagName":"p"},{"type":"text","content":"First Quarter 2025 Financial Highlights","length":39,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net revenues were $124.9 million, an increase of 4.7% year over year, primarily due to an increase in orders from existing customers and higher average order value ("AOV").","length":182,"tagName":"p","attribs":{}},{"type":"list","items":[{"val":[{"type":"text","content":"Scrubwear net revenues were $99.6 million, an increase of 4.9% year over year.","length":78,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Non-scrubwear net revenues were $25.3 million, an increase of 3.8% year over year.","length":82,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"U.S. net revenues were $106.0 million, an increase of 2.9% year over year.","length":74,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"International net revenues were $18.9 million, an increase of 16.4% year over year.","length":83,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":317,"olType":false}]},{"val":[{"type":"text","content":"Gross margin was 67.6%, a decrease of 130 basis points year over year, primarily due to product mix shift and higher freight expense, partially offset by a lower mix of promotional sales.","length":187,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Operating expenses were $84.7 million, an increase of 3.6% year over year. As a percentage of net revenues, operating expenses decreased to 67.8% from 68.5% in the same period last year, primarily due to lower stock-based compensation expense, partially offset by higher operation...

More updates from Figs, Inc.