FIGS, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $631.1M | $555.6M | $545.6M | $505.8M | $419.6M | $263.1M | $110.5M |
| Cost of Revenue | $211.3M | $179.9M | $168.7M | $151.4M | $118.4M | $72.9M | $31.2M |
| Gross Profit | $419.8M | $375.6M | $377.0M | $354.5M | $301.2M | $190.2M | $79.3M |
| Gross Margin | 66.5% | 67.6% | 69.1% | 70.1% | 71.8% | 72.3% | 71.8% |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | — |
| SG&A Expense | $142.7M | $142.9M | $140.7M | $120.7M | $149.6M | $41.5M | $21.7M |
| Operating Income | $38.1M | $2.3M | $34.0M | $37.7M | $11.0M | $57.9M | $-347.0K |
| Operating Margin | 6.0% | 0.4% | 6.2% | 7.4% | 2.6% | 22.0% | -0.3% |
| Interest Expense | — | — | — | — | — | — | — |
| Pretax Income | $47.2M | $14.3M | $40.8M | $38.7M | $9.9M | $58.1M | $112.0K |
| Income Tax Expense | $13.0M | $11.6M | $18.2M | $17.5M | $19.4M | $8.3M | $0 |
| Net Income | $34.3M | $2.7M | $22.6M | $21.2M | $-9.6M | $49.8M | $112.0K |
| Net Margin | 5.4% | 0.5% | 4.1% | 4.2% | -2.3% | 18.9% | 0.1% |
| EPS (Basic) | $0.21 | $0.02 | $0.13 | $0.13 | $-0.06 | $0.32 | $0.00 |
| EPS (Diluted) | $0.19 | $0.02 | $0.12 | $0.11 | $-0.06 | $0.30 | $0.00 |
| Shares Outstanding (Basic) | 163.5M | 169.2M | 168.1M | 165.3M | 159.2M | 153.3M | 153.1M |
| Shares Outstanding (Diluted) | 179.5M | 180.1M | 182.4M | 187.5M | 159.2M | 163.3M | 153.6M |
| Dividends Per Share | — | — | — | — | — | — | — |