FIGS FIGS Income tax payable
Income tax payable at other companies
Other financials
Where this comes from
Reported directly by FIGS in its filing.
Tagged under the XBRL concept figs:IncreaseDecreaseInGiftsCardsLiability.
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 income tax payable?
- FIGS (FIGS) reported income tax payable of -$591K in Q1 2026.
- How has FIGS's income tax payable changed year-over-year?
- FIGS's income tax payable decreased by 317.3% year-over-year, from $272K to -$591K.
- What is the long-term trend for FIGS's income tax payable?
- Over 3 years (2021 to 2025), FIGS's income tax payable has grown at a -29.6% compound annual growth rate (CAGR), from $4.43M to $1.55M.
- What does income tax payable mean?
- This metric measures the net change in outstanding gift card balances that have been sold but not yet redeemed by customers. It acts as a source of liquidity, representing cash received in advance of product delivery. A growing balance indicates strong brand engagement and future revenue potential, while a decline suggests higher redemption rates.