FIGS Exceeds Q1 Expectations, Raises Full-Year Revenue and Profit Guidance on Strong Growth

summarizeSummary

FIGS, Inc. announced strong first-quarter financial results, beating revenue and earnings estimates, and subsequently raised its full-year 2026 financial outlook.

check_boxKey Events

• Strong Q1 Financial Performance

  Net revenues increased 28.0% year-over-year to $159.9 million, exceeding expectations. The company reported net income of $6.3 million, or $0.03 diluted earnings per share, compared to a net loss in the prior year period.

• Raised Full-Year Outlook

  FIGS, Inc. increased its full-year 2026 net revenues growth outlook to 14% to 16% (from 2025) and raised its adjusted EBITDA margin expectation to 13.0% to 13.2%.

• Customer Growth Milestone

  The company surpassed three million active customers for the first time, with active customers increasing 12.2% year-over-year to 3.0 million as of March 31, 2026.

• Improved Margins

  Gross margin expanded by 10 basis points year-over-year to 67.7%, and adjusted EBITDA margin improved to 8.7% from 7.3% in the same period last year.

auto_awesomeAnalysis

FIGS, Inc. reported robust first-quarter results, significantly surpassing both top and bottom-line expectations. The company achieved substantial revenue growth and a return to net profitability, alongside an expansion in gross and adjusted EBITDA margins. The increase in full-year guidance for both net revenues and adjusted EBITDA margin signals strong operational momentum and management's confidence in continued performance, which is a positive indicator for investors. The milestone of exceeding three million active customers further underscores the brand's growing market penetration and customer loyalty.