FIGS reported third-quarter net revenue growth of 26% to $190.7 million and raised its full-year 2026 outlook to approximately 23.5% revenue growth and approximately 15.8% adjusted EBITDA margin, while expecting approximately 15% fourth-quarter revenue growth.
FIGS · FIGS, Inc.
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FIGS, Inc. reported that, in the nine months ended September 30, 2026, net revenues increased 27.5%, net income increased to $53.9 million, and free cash flow increased to $89.8 million.
FIGS, Inc. reported third-quarter 2026 net revenues of $190.7 million, up 25.7% year over year, net income of $19.3 million, and a 16.5% adjusted EBITDA margin. It raised its FY 2026 outlook to approximately 23.5% net revenue growth and approximately 15.8% adjusted EBITDA margin.
Metrics snapshot
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Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q2 FY26 earnings call · Aug 6, 2026TL;DR. FIGS delivered Q2 net revenue growth of 28.8% to $196.6M and raised its full-year outlook to ~20% revenue growth and 14.8%-15% adjusted EBITDA margin, while announcing a $100M increase to its share repurchase authorization despite a U.S. Customs withhold release order on its Jordan partner.
- + Q2 net revenue grew 28.8% to $196.6M, beating outlook of low-20% growth and marking the third straight quarter of 25%+ growth
- + Full-year 2026 net revenue growth guidance raised to ~20% from prior 14%-16% outlook
- + Full-year adjusted EBITDA margin guidance raised to 14.8%-15.0% from prior 13.0%-13.2%
- + Board authorized an additional $100M share repurchase, bringing total program capacity to ~$119M remaining
- + Active customers grew 13% to 3.1M, AOV rose 9% to a record $127, and net revenues per active customer hit an all-time high of $229
- + International net revenue grew 67% to $37.9M with broad-based strength across Europe, LatAm, Mexico, Canada, Australia, and Middle East
- − U.S. Customs withhold release order on Jordan partner is currently preventing imports from that source, with management planning to use air freight to expedite production from other partners
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
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Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
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Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Active customers | 3.1M | As of June 30, 2026 | — |
| Adjusted EBITDA non-GAAP | $50.47M | Six months ended June 30, 2026 | — |
| Adjusted EBITDA Margin non-GAAP | 14.2% | Six months ended June 30, 2026 | — |
| Average order value | $125 | Six months ended June 30, 2026 | — |
| Free cash flow non-GAAP | $38.63M | Six months ended June 30, 2026 | — |
| Net revenues per active customer | $229 | As of June 30, 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Apparel Manufacturing — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
FIGS
this stock
FIGS, Inc.
|
$3.66B | +94.1% | +59.5% | 58.0 | 11.7% |
|
HMRZF
H&M Hennes & Mauritz AB
|
$29.23B | -8.9% | — | — | 1.2% |
|
RL
Ralph Lauren Corp
|
$22.83B | +9.2% | +14.6% | 22.2 | 3.8% |
|
MONRF
Moncler S.p.A.
|
$13.60B | -26.5% | — | — | 0.9% |
|
LEVI
Levi Strauss & Co
|
$9.31B | +17.1% | +4.1% | 16.3 | 2.8% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 5, 2026
- This year
- 14
FIGS, Inc. reported third-quarter 2026 net revenues of $190.7 million, up 25.7% year over year, net income of $19.3 million, and a 16.5% adjusted EBITDA margin. It raised its FY 2026 outlook to approximately 23.5% net revenue growth and approximately 15.8% adjusted EBITDA margin.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| FIGS | +11.3% | +15.3% | +72.3% | +3.5% | +94.1% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | +8.7% | +16.5% | +71.8% | +3.7% | +83.5% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.