{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-007607","form_type":"8-K","ticker":"FIGS","cik":"0001846576","company_name":"FIGS, Inc.","filed_at":"2024-02-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.977774+00:00","generated_at":"2026-06-05T09:31:49.444688+00:00","sec_items":["2.02","5.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"FIGS reports Q4 net income $10M, FY revenue up 7.9% to $545.6M; issues weak 2024 guidance; CFO resigns","bullets":["Q4 net revenues $144.9M flat YoY (impacted by $4.7M reclassification); net income $10.0M ($0.05 diluted EPS).","FY 2023 net revenues $545.6M (+7.9% YoY); net income $22.6M ($0.12 diluted EPS); active customers 2.6M (+13%).","2024 guidance: net revenue down mid-single digits to flat; adjusted EBITDA margin 11%-12% (vs 15.8% in FY23).","CFO Daniella Turenshine to resign effective April 12, 2024; VP Controller Kevin Fosty appointed Interim CFO."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-007607","json":"https://secwatch.observer/filing/0001628280-24-007607.json","markdown":"https://secwatch.observer/filing/0001628280-24-007607.md","text":"https://secwatch.observer/filing/0001628280-24-007607.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1846576/000162828024007607/0001628280-24-007607-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1846576/000162828024007607/figs-20240226.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T09:31:49.444688+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":"683440d47b1dfde1ec6b545d71364c9ba7ce56bc","claim":"FIGS, Inc. reported Fourth quarter 2023 results: revenue Net revenues were $144.9 million, net income Net income and net income, as adjusted (1) were $10.0 million, EPS $0.05 in diluted earnings per share.","evidence_excerpt":"Fourth Quarter 2023 Financial Highlights • Net revenues were $144.9 million, flat year over year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1846576/000162828024007607/0001628280-24-007607-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Fourth quarter 2023"},{"label":"Revenue","value":"Net revenues were $144.9 million"},{"label":"Net income","value":"Net income and net income, as adjusted (1) were $10.0 million"},{"label":"EPS","value":"$0.05 in diluted earnings per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"95c0b67dc1","claim":"Daniella Turenshine resigned as Chief Financial Officer at FIGS, Inc..","evidence_excerpt":"On February 26, 2024, the Company’s Chief Financial Officer and principal accounting officer, Daniella Turenshine, notified the Company of her decision to resign effective April 12, 2024","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1846576/000162828024007607/0001628280-24-007607-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"e3498932ea","claim":"Kevin Fosty was appointed as Interim Chief Financial Officer at FIGS, Inc..","evidence_excerpt":"On February 26, 2024, the Board of Directors (the “ Board ”) of the Company designated Kevin Fosty, the Company’s VP, Controller, to serve as the Company’s Interim Chief Financial Officer and principal accounting officer on an interim basis, effective as of the Effective Date","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1846576/000162828024007607/0001628280-24-007607-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Interim Chief Financial Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}