{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-22-009684","form_type":"8-K","ticker":"FIGS","cik":"0001846576","company_name":"FIGS, Inc.","filed_at":"2022-05-12T23:59:59+00:00","discovered_at":"2026-05-14T18:04:02.801422+00:00","generated_at":"2026-06-25T19:20:25.951521+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Figs Q1 revenue $110.1M (+26.4% YoY) but cuts FY22 guidance; gross margin pressured by air freight","bullets":["Q1 net income $8.9M, diluted EPS $0.05; adjusted EBITDA $25.0M, margin 22.7% (down 530 bps YoY).","Active customers 2.0M (+31.1% YoY); AOV $116 (+16%) on higher lifestyle mix.","FY22 revenue outlook reduced to $510-530M (prev $550-560M); gross margin now 67-68% vs prior 70%+.","Guidance cut driven by supply chain challenges, high inflation, and shift in consumer spending.","Gross margin 71.2%, down 40 bps YoY due to increased air freight and higher ocean/air rates."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-22-009684","json":"https://secwatch.observer/filing/0000950170-22-009684.json","markdown":"https://secwatch.observer/filing/0000950170-22-009684.md","text":"https://secwatch.observer/filing/0000950170-22-009684.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1846576/000095017022009684/0000950170-22-009684-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1846576/000095017022009684/figs-20220512.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-25T19:20:25.951521+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}