---
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"
generated_at: "2026-05-22T05:29:25.264610+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FIGS Q1 net revs +4.7% to $124.9M; net loss minimal; FY25 outlook cut on tariffs

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-023874
- JSON: https://secwatch.observer/filing/0001628280-25-023874.json
- Plain text: https://secwatch.observer/filing/0001628280-25-023874.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.