{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-022237","form_type":"8-K","ticker":"FIGS","cik":"0001846576","company_name":"FIGS, Inc.","filed_at":"2024-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.750013+00:00","generated_at":"2026-06-02T07:03:41.947698+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"FIGS Q1 2024 net rev $119.3M (-0.8% YoY); adj EBITDA margin 10.9% vs 13.4% YoY; raises FY rev outlook","bullets":["Net rev $119.3M (upper end of guidance); net income $1.4M vs $1.9M YoY; adj EBITDA $13.0M vs $16.1M YoY.","Gross margin 68.9%, down 240 bps YoY on product mix shift; operating expenses flat at 68.5% of rev.","Active customers 2.6M (+8.7% YoY); AOV $116 (+1.8% YoY); net rev per active customer $210 (-2.8%).","Raising FY 2024 net rev outlook to -2% to +2%; adj EBITDA margin guidance 9.5%-10.5% (from prior expectations).","Company cites improved momentum from new products; plans to ramp marketing investments to fuel growth."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-022237","json":"https://secwatch.observer/filing/0001628280-24-022237.json","markdown":"https://secwatch.observer/filing/0001628280-24-022237.md","text":"https://secwatch.observer/filing/0001628280-24-022237.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1846576/000162828024022237/0001628280-24-022237-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1846576/000162828024022237/figs-20240509.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T07:03:41.947698+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":"5e89ba826dd95e042d5cbf7bab2c4628ff233c3e","claim":"FIGS, Inc. reported three months ended March 31, 2024 results: net income Net income ... was $1.4 million.","evidence_excerpt":"were $1.4 million (or $0.01 in diluted earnings per share), a decrease of $0.5 million year over year as compared to net income in the same period last year","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1846576/000162828024022237/0001628280-24-022237-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended March 31, 2024"},{"label":"Net income","value":"Net income ... was $1.4 million"},{"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"}