secwatch.observer — SEC 8-K summary
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Issuer:     FIGS, Inc. (FIGS)
CIK:        0001846576
Form:       8-K
Filed at:   2025-02-27T23:59:59+00:00
Accession:  0001628280-25-008661
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FIGS Q4/FY2024 revenue up 1.8% YoY to $555.6M; FY2025 guide sees low-single-digit decline; board adds $50M buyback
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1846576/000162828025008661/0001628280-25-008661-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1846576/000162828025008661/figs-20250227.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-008661

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer