FIGS (NYSE:FIGS – Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03, FiscalAI reports. The company had revenue of $190.69 million for the quarter, compared to the consensus estimate of $182.82 million. FIGS had a return on equity of 14.78% and a net margin of 9.67%. FIGS’s revenue for the quarter was up 25.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.05 earnings per share.
Here are the key takeaways from FIGS’s conference call:
- Q3 net revenue rose 26% to $190.7 million, while adjusted EBITDA margin expanded 410 basis points to 16.5%. Active customers, average order value, and revenue per active customer also grew.
- FIGS raised its full-year 2026 revenue growth outlook to approximately 23.5% and adjusted EBITDA margin outlook to 15.8%; it expects Q4 revenue growth of about 15%, despite a difficult comparison with last year.
- Growth was broad-based, with international revenue up 51%, scrubwear up 24%, and non-scrubwear up 35%. Management also cited customer and brand indicators, Community Hubs, and TEAMS partnerships as potential growth drivers.
- Supplier disruption and the ongoing Jordan-related WRO have constrained inventory and caused stockouts, particularly in limited-edition products. The company expects the greatest impact in Q4, with some effects continuing through Q2 2027; it is adding Vietnam capacity and plans to begin Indonesia production.
- Management said 2026 gross margin benefited by about 250 basis points from one-time tariff refunds, which will create a year-over-year headwind in 2027. It expects normalized gross margin to be around 67.5%, while monitoring sourcing and freight costs.
FIGS Stock Performance
FIGS stock traded down $0.25 during mid-day trading on Friday, reaching $19.96. The company had a trading volume of 7,430,912 shares, compared to its average volume of 4,536,684. The firm has a fifty day simple moving average of $16.34 and a 200 day simple moving average of $13.64. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 52.53 and a beta of 1.05. FIGS has a fifty-two week low of $8.00 and a fifty-two week high of $22.46.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on FIGS shares. Wall Street Zen cut shares of FIGS from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Weiss Ratings raised shares of FIGS from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, October 27th. Barclays boosted their target price on shares of FIGS from $20.00 to $24.00 and gave the stock an “overweight” rating in a research note on Tuesday. Oppenheimer upped their price target on shares of FIGS from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Thursday, October 29th. Finally, Telsey Advisory Group decreased their price target on shares of FIGS from $17.00 to $16.00 and set a “market perform” rating on the stock in a research note on Friday, August 7th. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, FIGS presently has a consensus rating of “Moderate Buy” and an average target price of $21.14.
Check Out Our Latest Research Report on FIGS
Key Stories Impacting FIGS
Here are the key news stories impacting FIGS this week:
- Positive Sentiment: KeyCorp raised its price target on FIGS to $27 from $20 and reiterated an “overweight” rating. The new target implies 35.3% upside from the cited $19.96 share price. KeyCorp ratings
- Positive Sentiment: FIGS reported Q3 revenue of $190.7 million, up 25.7% year over year and above the $182.8 million analyst estimate. Earnings of $0.10 per share also beat the $0.07 consensus and doubled the year-ago $0.05. Q3 earnings report
- Positive Sentiment: Management also provided optimistic revenue guidance for the next quarter, adding to the upbeat earnings report. Q3 sales and guidance article
- Negative Sentiment: A recent analysis described FIGS as “priced for perfection” after a substantial run-up, suggesting high expectations could limit further gains or magnify a disappointment. Valuation analysis
About FIGS
FIGS, Inc is a direct-to-consumer healthcare apparel and lifestyle company that designs and sells clothing and accessories for healthcare professionals. Its product portfolio includes scrubs, underscrubs, outerwear, footwear, bags and other accessories intended to combine functionality, comfort and contemporary design.
The company sells primarily through its digital platform and also operates retail locations and other distribution channels. FIGS serves healthcare professionals in the United States and select international markets, including Canada, the United Kingdom and Australia.
FIGS was founded in 2013 by Heather Hasson and Trina Spear.
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