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:IncreaseDecreaseInReturnsReserve.
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 -$363K in Q1 2026.
- How has FIGS's gift card liability changed year-over-year?
- FIGS's gift card liability decreased by 21.4% year-over-year, from -$299K to -$363K.
- What is the long-term trend for FIGS's gift card liability?
- Over 3 years (2021 to 2025), FIGS's gift card liability has grown at a -0.7% compound annual growth rate (CAGR), from $2.57M to $2.52M.
- What does gift card liability mean?
- This metric tracks the change in the liability account representing estimated future product returns from customers. It reflects management's expectation of sales reversals and impacts the cash flow statement by adjusting net income for non-cash revenue deferrals. Monitoring this helps investors assess product quality trends and the accuracy of revenue recognition practices.