{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-046350","form_type":"8-K","ticker":"FIGS","cik":"0001846576","company_name":"FIGS, Inc.","filed_at":"2024-11-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.014986+00:00","generated_at":"2026-05-30T03:51:09.294201+00:00","sec_items":["1.01","2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"FIGS Q3 revenue falls 1.5% to $140.2M, posts net loss; FY24 outlook cut to down 1%-flat; invests $25M in OOG","bullets":["Q3 net revenues $140.2M (-1.5% YoY); net loss $(1.7)M ($(0.01) diluted EPS) vs prior year net income.","Adjusted EBITDA $4.8M (margin 3.4%), down from 17.2% last year; operating expenses up 17.4% to $102.7M.","Active customers up 3.8% to 2.7M, but AOV fell 5.3% to $108 and net revenue per active customer down 3.3% to $205.","Full-year 2024 guidance: net revenue growth down 1% to flat (vs 2023), adjusted EBITDA margin ~8%.","Closed $25M minority investment in OOG, an AI-powered healthcare education platform founded by Executive Chair Heather Hasson; special committee approved."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-046350","json":"https://secwatch.observer/filing/0001628280-24-046350.json","markdown":"https://secwatch.observer/filing/0001628280-24-046350.md","text":"https://secwatch.observer/filing/0001628280-24-046350.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1846576/000162828024046350/0001628280-24-046350-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1846576/000162828024046350/figs-20241104.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T03:51:09.294201+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}