---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-000172"
form_type: "8-K"
ticker: "FIGS"
cik: "0001846576"
company_name: "FIGS, Inc."
filed_at: "2022-01-10T23:59:59+00:00"
generated_at: "2026-06-27T19:36:27.992422+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FIGS reports preliminary Q4 net revenue $128M (+42% YoY); FY2021 $419M (+59%), beating guidance

## Summary
- Q4 net revenue $128M, up 42% YoY; active customers 1.9M, up 46% YoY.
- FY2021 net revenue $419M, up 59% YoY, exceeding prior guidance of ~$410M.
- Average order value $105 for FY2021 (+12% YoY); Q4 AOV $113 (+15% YoY).
- FY2021 gross margin at least 70%, adjusted EBITDA margin at least 20%, in line with prior outlook.
- Reiterated long-term target of over $1B net revenue by 2025, with gross margin 70%+ and adjusted EBITDA margin 20%+.

## SEC filing metadata
- accession: 0000950170-22-000172
- form_type: 8-K
- ticker: FIGS
- cik: 0001846576
- company_name: FIGS, Inc.
- filed_at: 2022-01-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1846576/000095017022000172/0000950170-22-000172-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1846576/000095017022000172/figs-20220110.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-000172
- JSON: https://secwatch.observer/filing/0000950170-22-000172.json
- Plain text: https://secwatch.observer/filing/0000950170-22-000172.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.