Quarterly ResultMay 7, 2026, 04:21 PM
FIGS Q1 Net Revenues $159.9M, +28%; Raises Full Year Outlook
AI Summary
FIGS, Inc. announced strong first quarter 2026 financial results, exceeding top and bottom-line expectations with net revenues increasing 28.0% to $159.9 million and net income reaching $6.3 million. The company also surpassed three million active customers for the first time. Following this performance, FIGS raised its full-year 2026 outlook for both net revenues growth and Adjusted EBITDA margin.
Key Highlights
- Net revenues grew 28.0% year-over-year to $159.9 million.
- Net income was $6.3 million, or $0.03 diluted EPS, compared to a net loss last year.
- Adjusted EBITDA increased to $13.9 million, with an 8.7% margin.
- Active customers surpassed 3.0 million, up 12.2% year-over-year.
- International net revenues increased 49.9% year-over-year to $28.3 million.
- Full-year 2026 net revenues growth outlook raised to 14% to 16%.
- Full-year 2026 Adjusted EBITDA margin outlook raised to 13.0% to 13.2%.