{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-023874","form_type":"8-K","ticker":"FIGS","cik":"0001846576","company_name":"FIGS, Inc.","filed_at":"2025-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.119421+00:00","generated_at":"2026-05-22T05:29:25.264610+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"FIGS Q1 net revs +4.7% to $124.9M; net loss minimal; FY25 outlook cut on tariffs","bullets":["Net revenues $124.9M, +4.7% YoY; net loss $(0.1)M ($0.00 diluted EPS) vs income $1.4M last year.","Gross margin 67.6% (-130 bps); adjusted EBITDA $9.0M (7.2% margin) vs $13.0M (10.9%) YoY.","Active customers 2.7M (+3.8%); AOV $119 (+2.6%); international revs $18.9M (+16.4%).","FY2025 outlook: net revs down low-single-digits; adj. EBITDA margin 7.5%-8.5% due to U.S. tariffs.","CEO cites strong full-price selling; CFO warns tariff uncertainty impacts H2 planning."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-023874","json":"https://secwatch.observer/filing/0001628280-25-023874.json","markdown":"https://secwatch.observer/filing/0001628280-25-023874.md","text":"https://secwatch.observer/filing/0001628280-25-023874.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1846576/000162828025023874/0001628280-25-023874-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1846576/000162828025023874/figs-20250508.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T05:29:25.264610+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"}