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FIGS FIGS Q2 2026 earnings

Reported August 6, 2026 · After market close

Revenue$196.6MBeat by $10.4M
EPS$0.11Beat by $0.04
Revenue estimate$186.2M
EPS estimate$0.07
FIGS' exceptional Q2 performance was powered by strong, ongoing traction across the business, with outperformance on both the top and bottom lines. We delivered our third straight quarter of 25%-plus net revenues growth, our net revenues per active customer exceeded COVID-era highs, and our adjusted EBITDA margin grew significantly to 18.6%. Most notably, our success did not just come from one area of the business, but instead was broad-based across categories, geographies and channels. Looking forward, the unique combination of our product innovation engine and our ability to connect with our community is creating long-lasting impact for healthcare professionals. And given that we are still only serving a tiny percentage of the world's healthcare professionals, we believe we are just getting started.
Trina Spear

Next report

Nov 5, 2026 (in 2 months)
Revenue estimate$182.9M
EPS estimate$0.07

Financials

Q2 2026

Income statement

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Revenue$196.6M+28.8%
Gross profit$147.9M+44.6%
Operating income$35.3M+256%
Net income$28.4M+300%
EPS (diluted)$0.15+275%

Balance sheet

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Cash & equivalents$108.5M+113%
Total debt$57.7M+11.6%
Total equity$442.4M+11.6%
Total assets$582.7M+12.7%

Cash flow

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Operating cash flow$46.9M+477%
CapEx$2.6M+139%
Free cash flow$44.3M+427%

Valuation & ratios

Valuation

as of 09/17/26
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Market cap$2.14B+80.1%
Enterprise value$2.09B+75.7%
P/E34.6×-131×
P/S+0.9×

Profitability

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Gross margin68.9%+1.7pp
Operating margin9.6%+7.9pp
Net margin8.7%+7.5pp
FCF margin13.7%+6.7pp

Returns & leverage

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Return on equity14.8%+13.0pp
Debt / equity0.1×0.0×
Current ratio-0.1×

Segments

By product

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Scrubwear$161.2M+26.5%
Non-Scrubwear$35.4M+40.3%

FAQ

When did FIGS report Q2 2026 earnings?
FIGS (FIGS) reported Q2 2026 earnings on August 6, 2026 after market close.
What were FIGS's Q2 2026 revenue and EPS?
FIGS reported revenue of $196.6M and eps of $0.11 for Q2 2026.
Did FIGS beat estimates in Q2 2026?
Revenue beat the consensus estimate of $186.2M by $10.4M. EPS beat the consensus estimate of $0.07 by $0.04.
How did FIGS's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 28.8% from $152.6M a year earlier and eps grew 175.0% from $0.04.
Where can I find FIGS's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001628280-26-054319) and the 10-Q periodic report (0001628280-26-054342) directly on SEC EDGAR. The filing index links above go to sec.gov.