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 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 gift card liability?
- FIGS (FIGS) reported gift card liability of $11.75M in Q1 2026.
- How has FIGS's gift card liability changed year-over-year?
- FIGS's gift card liability increased by 26.3% year-over-year, from $9.31M to $11.75M.
- 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.