---
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"
generated_at: "2026-06-05T09:31:49.444688+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FIGS reports Q4 net income $10M, FY revenue up 7.9% to $545.6M; issues weak 2024 guidance; CFO resigns

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- 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/1846576/000162828024007607/0001628280-24-007607-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1846576/000162828024007607/figs-20240226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-007607
- JSON: https://secwatch.observer/filing/0001628280-24-007607.json
- Plain text: https://secwatch.observer/filing/0001628280-24-007607.txt

## Key facts
- Earnings Releases
  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.
  - Period: Fourth quarter 2023
  - 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
  - Result: reported results
  source text: Fourth Quarter 2023 Financial Highlights • Net revenues were $144.9 million, flat year over year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1846576/000162828024007607/0001628280-24-007607-index.htm
- Executive change
  Daniella Turenshine resigned as Chief Financial Officer at FIGS, Inc..
  - Action: resigned
  - Role: Chief Financial Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1846576/000162828024007607/0001628280-24-007607-index.htm
- Executive change
  Kevin Fosty was appointed as Interim Chief Financial Officer at FIGS, Inc..
  - Action: appointed
  - Role: Interim Chief Financial Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1846576/000162828024007607/0001628280-24-007607-index.htm

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