---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-029492"
form_type: "8-K"
ticker: "FIGS"
cik: "0001846576"
company_name: "FIGS, Inc."
filed_at: "2022-11-10T23:59:59+00:00"
generated_at: "2026-06-21T23:53:06.314632+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# FIGS Q3 net rev $128.6M (+25.2% YoY); adj EBITDA margin 16.4%

## Summary
- Net income $4.0M, diluted EPS $0.02; adjusted EPS also $0.02.
- Gross margin 70.6%, down 210 bps YoY on higher freight costs and promotional mix.
- Active customers 2.2M (+23.6%); AOV $112 (+9.8%) on higher units per transaction.
- Full-year 2022 guidance: net rev ~$495M (~18% YoY growth), adj EBITDA margin ~16%.
- Adjusted EBITDA $21.0M, margin 16.4% vs 21.6% last year, down on cost pressures.

## SEC filing metadata
- accession: 0001628280-22-029492
- form_type: 8-K
- ticker: FIGS
- cik: 0001846576
- company_name: FIGS, Inc.
- filed_at: 2022-11-10T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1846576/000162828022029492/0001628280-22-029492-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1846576/000162828022029492/figs-20221110.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-029492
- JSON: https://secwatch.observer/filing/0001628280-22-029492.json
- Plain text: https://secwatch.observer/filing/0001628280-22-029492.txt

## Key facts
- Earnings Releases
  FIGS, Inc. reported third quarter 2022 results: revenue $128.6 million, net income $4.0 million, EPS $0.02.
  - Period: third quarter 2022
  - Revenue: $128.6 million
  - Net income: $4.0 million
  - EPS: $0.02
  - Result: reported results
  source text: Net revenues were $128.6 million, an increase of 25.2% year over year, driven by an increase in orders from existing and new customers and, to a lesser extent, an increase in AOV. • Gross margin was 70.6%, a decrease of 210 basis points year over year, primarily due to an increase in freight-in costs, related to increased utilization of more expensive air freight and elevated ocean freight costs, and to a lesser extent, a higher mix of promotional sales and product mix shift. • Operating expenses were $79.6 million, an increase of 24.1% year over year. As a percentage of net revenues, operating expenses decreased to 61.9% from 62.5% in the prior year period due to lower general and administrative expenses, partially offset by higher selling expenses related to fulfillment costs. • Net income was $4.0 million and diluted earnings per share was $0.02.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1846576/000162828022029492/0001628280-22-029492-index.htm
- Earnings Releases
  FIGS, Inc. reported full year 2022 results: revenue approximately $495 million.
  - Period: full year 2022
  - Revenue: approximately $495 million
  - Result: guidance update
  source text: For Full-Year 2022, the Company now expects: • Net revenues of approximately $495 million, representing year-over-year growth of approximately 18%. • Adjusted EBITDA margin (4) of approximately 16%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1846576/000162828022029492/0001628280-22-029492-index.htm

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