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FIGS FIGS Gift card liability
Gift card liability at other companies
Other financials
Where this comes from
Reported directly by FIGS in its filing.
Tagged under the XBRL concept figs:GiftCardLiability.
The source filing: FIGS’s 10-Q, filed August 6, 2026.
- Filed
- Aug 6, 2026, 4:17 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001628280-26-054342
| Assets | As of / June 30,2026 / (Unaudited) | As of / December 31,2025 |
|---|---|---|
| Accrued expenses | 39,529 | 20,529 |
| Accrued compensation and benefits | 10,541 | 17,194 |
| Sales tax payable | 3,911 | 4,266 |
| Gift card liability | 12,496 | 12,117 |
| Deferred revenue | 1,736 | 3,990 |
| Returns reserve | 4,081 | 4,171 |
| Income tax payable | 1,022 | 1,894 |
| Total current liabilities | 91,383 | 90,523 |
Item 1. Financial Statements (Unaudited)
FAQ
- What is FIGS's gift card liability?
- FIGS (FIGS) reported gift card liability of $12.5M in Q2 2026.
- How has FIGS's gift card liability changed year-over-year?
- FIGS's gift card liability increased by 24.7% year-over-year, from $10.02M to $12.5M.
- What is the long-term trend for FIGS's gift card liability?
- Over 5 years (2020 to 2025), FIGS's gift card liability has grown at a 32.0% compound annual growth rate (CAGR), from $3.02M to $12.12M.
- What does gift card liability mean?
- This represents the outstanding balance of gift cards sold to customers that have not yet been redeemed for merchandise. It functions as a deferred revenue obligation, indicating future demand for products when holders eventually exercise their credit. A growing balance suggests strong brand engagement and future sales potential, while a declining balance may indicate shifts in consumer purchasing behavior.
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