{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-015728","form_type":"8-K","ticker":"FIGS","cik":"0001846576","company_name":"FIGS, Inc.","filed_at":"2023-05-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.184469+00:00","generated_at":"2026-06-15T23:00:24.368664+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"FIGS Q1 net revenue $120.2M (+9.2% YoY); guides FY23 revenue growth 5.5%-7.5%","bullets":["Net income of $1.9M ($0.01 diluted EPS); adjusted EBITDA $16.1M (13.4% margin).","Active customers rose 21.8% YoY to 2.4M; net revenue per active customer fell 4.4% to $216.","Gross margin 71.3%, up 10 bps; operating expenses increased 27.4% YoY to $82.4M.","Full-year 2023 outlook: net revenue growth 5.5%-7.5%, adjusted EBITDA margin 12%-13%.","CEO Trina Spear cited 'better than expected' Q1 performance, progress on key initiatives."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-015728","json":"https://secwatch.observer/filing/0001628280-23-015728.json","markdown":"https://secwatch.observer/filing/0001628280-23-015728.md","text":"https://secwatch.observer/filing/0001628280-23-015728.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1846576/000162828023015728/0001628280-23-015728-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1846576/000162828023015728/figs-20230504.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T23:00:24.368664+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":[{"claim_id":"8ecc8360bd34947849eb53da7e194e88dc2d7d8c","claim":"FIGS, Inc. reported three months ended March 31, 2023 results: revenue $120.2 million, net income $1.9 million, EPS $0.01.","evidence_excerpt":"our leadership position within the healthcare apparel industry, while driving profitable growth for the long term.” First Quarter 2023 Financial Highlights • Net revenues were $120.2 million, an increase of 9.2% year over year, driven by an increase in orders from existing and new customers, partially offset by lower average order value (“AOV”). • Gross margin was","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1846576/000162828023015728/0001628280-23-015728-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended March 31, 2023"},{"label":"Revenue","value":"$120.2 million"},{"label":"Net income","value":"$1.9 million"},{"label":"EPS","value":"$0.01"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}