{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-008661","form_type":"8-K","ticker":"FIGS","cik":"0001846576","company_name":"FIGS, Inc.","filed_at":"2025-02-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.261698+00:00","generated_at":"2026-05-26T02:29:46.228725+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"FIGS Q4/FY2024 revenue up 1.8% YoY to $555.6M; FY2025 guide sees low-single-digit decline; board adds $50M buyback","bullets":["FY2024 net revenues $555.6M (+1.8% YoY); net income $2.7M, diluted EPS $0.02; adjusted EBITDA margin 9.3% vs 15.8% prior year.","Q4 net revenues $151.8M (+4.8% YoY); net income $1.9M, diluted EPS $0.01; adjusted EBITDA $21.1M (13.9% margin) vs $26.6M (18.4%).","Active customers 2.7M (+3.0% YoY); net revenues per active customer $208 (-1.0%); AOV $113 (-1.7%).","FY2025 outlook: net revenue growth down low-single-digits; adjusted EBITDA margin 9.0%-9.5%.","Board increased share repurchase authorization by $50M to $100M total; ~$54.6M available for repurchases."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-008661","json":"https://secwatch.observer/filing/0001628280-25-008661.json","markdown":"https://secwatch.observer/filing/0001628280-25-008661.md","text":"https://secwatch.observer/filing/0001628280-25-008661.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1846576/000162828025008661/0001628280-25-008661-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1846576/000162828025008661/figs-20250227.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T02:29:46.228725+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"}