FIGS Releases First Quarter 2026 Financial Results

About this update from Figs, Inc.

[{"type":"text","content":"Exceeded Top and Bottom Line Expectations","length":41,"tagName":"p","attribs":{}},{"type":"text","content":"Grew Net Revenues 28.0%","length":23,"tagName":"p","attribs":{}},{"type":"text","content":"Surpassed Three Million Active Customers for the First Time on Accelerated Growth","length":81,"tagName":"p","attribs":{}},{"type":"text","content":"Achieved Net Income Margin of 3.9% and Adjusted EBITDA Margin of 8.7%","length":69,"tagName":"p","attribs":{}},{"type":"text","content":"Increasing Full Year 2026 Outlook","length":33,"tagName":"p","attribs":{}},{"type":"text","content":"SANTA MONICA, Calif., May 07, 2026--(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 2026 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 2026 Financial Highlights","length":39,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net revenues were $159.9 million, an increase of 28.0% year over year, primarily due to an increase in orders from new and existing customers and higher average order value ("AOV").(1)","length":194,"tagName":"p","attribs":{}},{"type":"list","items":[{"val":[{"type":"text","content":"Scrubwear net revenues were $126.6 million, an increase of 27.2% year over year.","length":80,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Non-scrubwear net revenues were $33.3 million, an increase of 31.3% year over year.","length":83,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"U.S. net revenues were $131.6 million, an increase of 24.1% year over year.","length":75,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"International net revenues were $28.3 million, an increase of 49.9% year over year.","length":83,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":321,"olType":false}]},{"val":[{"type":"text","content":"Gross margin was 67.7%, an increase of 10 basis points year over year, primarily reflecting the positive impacts from pricing and our ongoing efficiency efforts, largely offset by higher tariffs and product ...

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