FIGS, Inc.

wearfigs.com

What Do They Do?

Sells scrubwear and complementary apparel, including outerwear and footwear, to healthcare professionals.

How Do They Make Money?

Scrubwear is the largest business: customers buy scrubwear and other apparel, and a sale counts when the goods are handed to a common carrier.

revenue

Segment	Share	Revenue	How money arrives
Scrubwear Sold outright	81% FY2022: 82%		Sold outright
Non-Scrubwear Sold outright	19% FY2022: 18%		Sold outright

Who Are Their Customers?

Healthcare professionals buy through the website, mobile app and stores; healthcare administrators and institutions can place organizational orders through TEAMS.

Do Revenues Turn Into Profits?

Yes. It kept 5 cents of every revenue dollar as net income in FY2025 and turned 8 cents into free cash flow.

Operating income, FY2025

6% of revenue

▲ +1584% vs FY2024 ($2.3M, 0%)

Net income, FY2025

5% of revenue

▲ +1159% vs FY2024 ($2.7M, 0%)

Free cash flow, FY2025

8% of revenue

▼ −17% vs FY2024 ($64.1M, 12%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +29%; vs $152.6M in Q2 FY2025
Net income: ▲ +300%; vs $7.1M in Q2 FY2025

Scrubwear share of revenue vs 83.5% in Q2 FY2025

Aug 6, 2026 FIGS raised its full-year 2026 revenue growth outlook The outlook is now approximately 20%.
May 7, 2026 FIGS raised its full-year 2026 outlook Revenue growth was expected to be 14% to 16%.

Growing. Revenue grew 50% in 4 years, from $419.6M in FY2021 to $631.1M in FY2025, about 11% a year.

More sales channels The earlier report described sales primarily through the website and mobile app; the latest adds organizational ordering through TEAMS and physical Community Hubs.

Revenue over time

Scrubwear Non-Scrubwear

$1B$500M$0

FY2021 FY2022 FY2023 FY2024 FY2025

Who Do They Compete With?

Competes with Barco Uniforms, Landau Uniforms, Scrubs & Beyond, Uniform Advantage, Jaanuu, Mandala, and Fabletics

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