---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-036402"
form_type: "8-K"
ticker: "FIGS"
cik: "0001846576"
company_name: "FIGS, Inc."
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T00:57:30.777874+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FIGS Q3 revenue +10.7% to $142.4M, raises FY guidance, appoints former Chewy CFO to board

## Summary
- Q3 net revenues $142.4M (+10.7% YoY); net income $6.1M ($0.03 diluted EPS).
- Adjusted EBITDA $24.4M (17.2% margin); free cash flow $46M in Q3.
- Active customers rose 19.6% to 2.6M; AOV up 1.8% to $114.
- Raised FY2023 outlook: net revenue growth ~8.5%, adjusted EBITDA margin ~14%.
- Appointed former Chewy CFO Mario Marte to board, effective Nov 3; joins Audit Committee.

## SEC filing metadata
- accession: 0001628280-23-036402
- form_type: 8-K
- ticker: FIGS
- cik: 0001846576
- company_name: FIGS, Inc.
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1846576/000162828023036402/0001628280-23-036402-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1846576/000162828023036402/figs-20231030.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-036402
- JSON: https://secwatch.observer/filing/0001628280-23-036402.json
- Plain text: https://secwatch.observer/filing/0001628280-23-036402.txt

## Key facts
- Earnings Releases
  FIGS, Inc. reported three and nine months ended September 30, 2023 results: revenue $142.4 million, net income $6.1 million, EPS $0.03 per diluted share. Guidance raised.
  - Period: three and nine months ended September 30, 2023
  - Revenue: $142.4 million
  - Net income: $6.1 million
  - EPS: $0.03 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: financial highlights presentation on its investor relations website at ir.wearfigs.com/financials/quarterly-results. Third Quarter 2023 Financial Highlights • Net revenues were $142.4 million, an increase of 10.7% year over year, driven by an increase in orders from existing and new customers and, to a lesser extent, an increase in average order value (“AOV”). • Gross
  evidence_url: https://www.sec.gov/Archives/edgar/data/1846576/000162828023036402/0001628280-23-036402-index.htm
- Executive change
  Mario Marte was appointed as Director at FIGS, Inc..
  - Action: appointed
  - Role: Director
  source text: On October 30, 2023, the Board of Directors (the “ Board ”) of the Company appointed Mario Marte to serve as a member of the Board, effective November 3, 2023 (the “ Effective Date ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1846576/000162828023036402/0001628280-23-036402-index.htm

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