FIGS, Inc.

FIGS, Inc. is a direct-to-consumer healthcare apparel and lifestyle brand. The company aims to support healthcare professionals, referred to as "Awesome Humans," by providing technically advanced apparel and products. These products combine comfort, durability, function, and style at an affordable price, redefining traditional scrubs. FIGS sells products primarily through its direct-to-consumer digital platform, which includes its website, mobile app, and B2B business called "TEAMS." The company also operates physical retail stores known as Community Hubs. Its product offerings include scrubwear and non-scrubwear items such as outerwear, underscrubs, footwear, compression socks, lab coats, loungewear, and other apparel. FIGS designs most products in-house and uses third-party suppliers and manufacturers for production. The company manages inventory risk through shallow initial buys, data-driven repurchasing, and a focus on core scrub offerings, benefiting from the replenishment-driven nature of scrubwear.