FIGS delivered a standout Q1'26, with 28% revenue growth, 12% active customer growth, and raised full-year revenue and EBITDA guidance. Gross margin expanded despite tariff and freight headwinds, but management models further near-term margin pressure, especially in Q3, before recovery in Q4. International growth (+50% YoY) and demonstrated pricing power highlight multi-year runway, yet marketing spend at 18.4% of revenue raises sustainability concerns.
FIGS NYSE: FIGS reported stronger-than-expected first-quarter fiscal 2026 results, with executives pointing to accelerating customer growth, broad demand across product categories and continued momentum in international markets and physical retail.
FIGS, Inc. (FIGS) Q1 2026 Earnings Call Transcript
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
Bridgewater Associates LP Bridgewater Associates LP | 519,482 | $7.67M | $5.85M | -$1.82M | -23.76% |
Point72 Asset Management LP Point72 Asset Management LP | 240,708 | $2.73M | $2.71M | -$24,070.63 | -0.88% |
| YA Yinka Akinsola Blue Trust Inc. | 715 | $3,281.85 | $8,050.9 | $4,769.05 | 145.32% |
| JK Jason Kaplan Howard Capital Management Group LLC | 10,913 | $90,250.51 | $122,880.38 | $32,629.87 | 36.15% |
| JC Joseph Castro Nuveen LLC | 2.23M | $21.73M | $25.12M | $3.39M | 15.58% |
| Textiles, Apparel & Luxury Goods Industry | Consumer Discretionary Sector | Catherine Eva Spear CEO | NYSE Exchange | 30260D103 CUSIP |
| US Country | 303 Employees | - Last Dividend | - Last Split | 27 May 2021 IPO Date |
FIGS, Inc. has established itself as a pioneering healthcare apparel and lifestyle company, serving both the United States and international markets. Since its inception in 2013, the brand has been dedicated to designing, marketing, and selling high-quality healthcare apparel and accessories directly to healthcare professionals. Operating from its headquarters in Santa Monica, California, FIGS stands out for its direct-to-consumer digital sales model, which includes an innovative web presence, mobile app, and a select B2B business alongside its retail store. This approach ensures that healthcare workers have seamless access to its products, which combine functionality with style, catering to the demanding needs of the profession.