What is FIGS's gross margin?

FIGS (FIGS) reported gross margin of 66.6% in Q1 2026.

How has FIGS's gross margin changed year-over-year?

FIGS's gross margin decreased by 1.1% year-over-year, from 67.4% to 66.6%.

What is the long-term trend for FIGS's gross margin?

Over 5 years (2020 to 2025), FIGS's gross margin has grown at a -1.7% compound annual growth rate (CAGR), from 72.3% to 66.5%.

What does gross margin mean?

Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

FIGS FIGS Gross margin

Gross margin at other companies

lululemon athleticaLULU

55.7%-3.6pp

Under ArmourUAA

45.5%-2.4pp

Academy Sports and OutdoorsASO

34.6%+0.6pp

PBH

Prestige Consumer HealthcarePBH

54.7%-1.1pp

CloroxCLX

43.8%-1.4pp

UFP TechnologiesUFPT

28.4%-0.6pp

Other financials

Income statement

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Revenue$159.9M+28.0%

Gross profit$108.3M+28.2%

Operating income$4.5M+2,225%

Net income$6.3M+6,265%

EPS (diluted)$0.03—

Balance sheet

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Cash & equivalents$74.3M-17.4%

Total debt$60.6M+18.1%

Total equity$430.6M+12.9%

Total assets$563.4M+7.9%

Cash flow

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Operating cash flow-$3.2M-135%

CapEx$2.4M+85.0%

Free cash flow-$5.6M-171%

Valuation

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Market cap$1.84B+229%

Enterprise value$1.83B+246%

P/E45.3×-427×

P/S2.8×+1.8×

Profitability

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Operating margin6.4%+6.1pp

Net margin6.1%+5.9pp

FCF margin5.9%-4.9pp

Returns & leverage

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Return on equity10%+9.7pp

Debt / equity0.1×0.0×

Current ratio5.4×+1.4×

Where this comes from

Calculated from FIGS’s reported figures.

gross profit/total revenue=66.6%

Based on trailing twelve months.

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 gross margin?: FIGS (FIGS) reported gross margin of 66.6% in Q1 2026.
How has FIGS's gross margin changed year-over-year?: FIGS's gross margin decreased by 1.1% year-over-year, from 67.4% to 66.6%.
What is the long-term trend for FIGS's gross margin?: Over 5 years (2020 to 2025), FIGS's gross margin has grown at a -1.7% compound annual growth rate (CAGR), from 72.3% to 66.5%.
What does gross margin mean?: Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.