FIGS FIGS Contract Liabilities and Refund Liability
Contract Liabilities and Refund Liability at other companies
Other financials
Where this comes from
Reported directly by FIGS in its filing.
Tagged under the XBRL concept us-gaap:CustomerRefundLiabilityCurrent.
The official record: FIGS’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is FIGS's contract liabilities and refund liability?
- FIGS (FIGS) reported contract liabilities and refund liability of $3.96M in Q1 2026.
- How has FIGS's contract liabilities and refund liability changed year-over-year?
- FIGS's contract liabilities and refund liability increased by 6.9% year-over-year, from $3.7M to $3.96M.
- What is the long-term trend for FIGS's contract liabilities and refund liability?
- Over 4 years (2021 to 2025), FIGS's contract liabilities and refund liability has grown at a 10.9% compound annual growth rate (CAGR), from $2.76M to $4.17M.
- What does contract liabilities and refund liability mean?
- This captures the company's obligations to provide goods or services for which payment has already been received, alongside estimated liabilities for potential product returns. It reflects the balance of deferred revenue from unfulfilled orders and the financial impact of expected customer refunds. High levels of this liability can indicate strong near-term sales volume or potential issues with product quality and customer satisfaction.