FIGS Reports Strong 2025 Net Income & Revenue Growth, Warns of 400 BPS Tariff Impact in 2026
FIGS has more than doubled off its 52-week low of $3.565 on elevated volume (3.6× avg).
Summary
FIGS reported a substantial increase in 2025 net income and revenue, alongside an extended credit facility and dismissed litigation, but cautioned about a significant 400 basis point gross margin impact from new tariffs in 2026.
Key Events · Earnings and Guidance · FIGS
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Strong 2025 Financial Performance
Net revenues increased 13.6% to $631.1 million, and net income surged from $2.7 million in 2024 to $34.3 million in 2025. Adjusted EBITDA also grew 43.8% to $74.5 million.
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Significant 2026 Tariff Headwinds Projected
The company estimates new global tariffs will negatively impact 2026 gross margin by approximately 400 basis points, following a 120 basis point impact in 2025. This follows a February 2026 Supreme Court ruling on tariffs.
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Credit Facility Maturity Extended
The $100.0 million revolving credit facility's maturity date was extended from September 2026 to November 2030, enhancing liquidity and financial flexibility.
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Class Action Lawsuit Dismissed
A putative securities class action lawsuit against the company and its officers was dismissed in January 2025, with judgment entered in February 2025, though plaintiffs have filed an appeal.
Analysis · FIGS · Manufacturing
FIGS, Inc. delivered a strong financial performance in 2025 with significant increases in net income and revenue. The company also enhanced its financial flexibility by extending its credit facility and saw a class action lawsuit dismissed. However, gross margin was negatively impacted by tariffs and inventory write-offs, and management anticipates a substantial 400 basis point negative impact on gross margin in 2026 due to new global tariffs. Investors should weigh the strong past performance against these significant forward-looking tariff headwinds.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 36.9% of the 964 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.65%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, FIGS was trading at $13.22 on NYSE in the Manufacturing sector, with a market capitalization of approximately $2.1B. The 52-week trading range was $3.57 to $12.66. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.