2023 Q4 Form 10-K Financial Statement

#000162828024007659 Filed on February 28, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023
Revenue $144.9M $545.6M
YoY Change 0.01% 7.87%
Cost Of Revenue $47.06M $168.7M
YoY Change 2.19% 11.43%
Gross Profit $97.86M $377.0M
YoY Change -1.0% 6.35%
Gross Profit Margin 67.53% 69.09%
Selling, General & Admin $83.63M $342.9M
YoY Change -12.51% 8.25%
% of Gross Profit 85.46% 90.97%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $814.0K $2.942M
YoY Change 27.79% 52.91%
% of Gross Profit 0.83% 0.78%
Operating Expenses $83.63M $342.9M
YoY Change -12.51% 8.25%
Operating Profit $14.23M $34.05M
YoY Change 336.44% -9.61%
Interest Expense $2.281M $6.775M
YoY Change 122.54% 296.66%
% of Operating Profit 16.03% 19.9%
Other Income/Expense, Net -$2.000K $6.762M
YoY Change -99.69% 537.32%
Pretax Income $16.51M $40.81M
YoY Change 353.74% 5.37%
Income Tax $6.507M $18.17M
% Of Pretax Income 39.42% 44.53%
Net Earnings $10.00M $22.64M
YoY Change 194.9% 6.85%
Net Earnings / Revenue 6.9% 4.15%
Basic Earnings Per Share $0.13
Diluted Earnings Per Share $0.05 $0.12
COMMON SHARES
Basic Shares Outstanding 168.1M shares
Diluted Shares Outstanding 182.4M shares

Balance Sheet

Concept 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $246.7M $246.7M
YoY Change 54.4% 54.4%
Cash & Equivalents $144.2M $144.2M
Short-Term Investments $102.5M $102.5M
Other Short-Term Assets $12.46M $12.46M
YoY Change 4.81% 4.81%
Inventory $119.0M $119.0M
Prepaid Expenses $8.173M
Receivables $6.549M $7.469M
Other Receivables $920.0K $0.00
Total Short-Term Assets $385.7M $385.7M
YoY Change 8.18% 8.18%
LONG-TERM ASSETS
Property, Plant & Equipment $24.86M $67.92M
YoY Change 125.54% 157.91%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.336M $19.63M
YoY Change 6.28% 60.51%
Total Long-Term Assets $87.55M $87.55M
YoY Change 127.03% 127.03%
TOTAL ASSETS
Total Short-Term Assets $385.7M $385.7M
Total Long-Term Assets $87.55M $87.55M
Total Assets $473.2M $473.2M
YoY Change 19.78% 19.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.75M $14.75M
YoY Change -29.45% -29.45%
Accrued Expenses $7.906M $26.60M
YoY Change -69.78% -26.85%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $57.29M $57.29M
YoY Change -19.75% -19.75%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $183.0K $39.07M
YoY Change 3.98% 145.21%
Total Long-Term Liabilities $183.0K $39.07M
YoY Change 3.98% 145.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $57.29M $57.29M
Total Long-Term Liabilities $183.0K $39.07M
Total Liabilities $96.36M $96.36M
YoY Change 10.35% 10.35%
SHAREHOLDERS EQUITY
Retained Earnings $61.75M
YoY Change 57.87%
Common Stock $315.1M
YoY Change 17.3%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $376.9M $376.9M
YoY Change
Total Liabilities & Shareholders Equity $473.2M $473.2M
YoY Change 19.78% 19.78%

Cashflow Statement

Concept 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $10.00M $22.64M
YoY Change 194.9% 6.85%
Depreciation, Depletion And Amortization $814.0K $2.942M
YoY Change 27.79% 52.91%
Cash From Operating Activities $20.27M $100.9M
YoY Change 345.25% -385.64%
INVESTING ACTIVITIES
Capital Expenditures $6.615M $16.35M
YoY Change 505.77% 205.68%
Acquisitions
YoY Change
Other Investing Activities -$52.58M -$100.8M
YoY Change 20067.8%
Cash From Investing Activities -$59.20M -$117.2M
YoY Change 5321.15% 1903.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 153.0K $670.0K
YoY Change -79.13% -80.98%
NET CHANGE
Cash From Operating Activities 20.27M $100.9M
Cash From Investing Activities -59.20M -$117.2M
Cash From Financing Activities 153.0K $670.0K
Net Change In Cash -38.78M -$15.60M
YoY Change -1024.83% -58.57%
FREE CASH FLOW
Cash From Operating Activities $20.27M $100.9M
Capital Expenditures $6.615M $16.35M
Free Cash Flow $13.65M $84.57M
YoY Change 294.6% -307.9%

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IncreaseDecreaseInInventories
36333000 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
572000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4483000 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
735000 usd
CY2023 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
79000 usd
CY2022 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
197000 usd
CY2021 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-127000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-6192000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
6315000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2855000 usd
CY2023 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-18657000 usd
CY2022 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
1487000 usd
CY2021 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
17983000 usd
CY2023 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
3897000 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-3049000 usd
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
2250000 usd
CY2023 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-225000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-354000 usd
CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
652000 usd
CY2023 figs Increase Decrease In Returns Reserve
IncreaseDecreaseInReturnsReserve
358000 usd
CY2022 figs Increase Decrease In Returns Reserve
IncreaseDecreaseInReturnsReserve
2292000 usd
CY2021 figs Increase Decrease In Returns Reserve
IncreaseDecreaseInReturnsReserve
2571000 usd
CY2023 figs Increase Decrease In Sales Tax Payable
IncreaseDecreaseInSalesTaxPayable
-626000 usd
CY2022 figs Increase Decrease In Sales Tax Payable
IncreaseDecreaseInSalesTaxPayable
2190000 usd
CY2021 figs Increase Decrease In Sales Tax Payable
IncreaseDecreaseInSalesTaxPayable
-1185000 usd
CY2023 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-469000 usd
CY2022 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
697000 usd
CY2021 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
1084000 usd
CY2023 figs Increase Decrease In Gifts Cards Liability
IncreaseDecreaseInGiftsCardsLiability
2557000 usd
CY2022 figs Increase Decrease In Gifts Cards Liability
IncreaseDecreaseInGiftsCardsLiability
-3973000 usd
CY2021 figs Increase Decrease In Gifts Cards Liability
IncreaseDecreaseInGiftsCardsLiability
4428000 usd
CY2023 figs Increase Decrease In Deferred Rent And Lease Incentive
IncreaseDecreaseInDeferredRentAndLeaseIncentive
0 usd
CY2022 figs Increase Decrease In Deferred Rent And Lease Incentive
IncreaseDecreaseInDeferredRentAndLeaseIncentive
0 usd
CY2021 figs Increase Decrease In Deferred Rent And Lease Incentive
IncreaseDecreaseInDeferredRentAndLeaseIncentive
-117000 usd
CY2023 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-2660000 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-2071000 usd
CY2021 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
0 usd
CY2023 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
7000 usd
CY2022 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-67000 usd
CY2021 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
243000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
100915000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-35329000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
66437000 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
16348000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5348000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2712000 usd
CY2023 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
150139000 usd
CY2022 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
0 usd
CY2021 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
0 usd
CY2023 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
49300000 usd
CY2022 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
0 usd
CY2021 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
0 usd
CY2023 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
0 usd
CY2022 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
500000 usd
CY2021 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
0 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-117187000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5848000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2712000 usd
CY2023 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 usd
CY2022 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 usd
CY2021 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
95881000 usd
CY2023 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 usd
CY2022 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 usd
CY2021 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
780000 usd
CY2023 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 usd
CY2022 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 usd
CY2021 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
181000 usd
CY2023 us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
0 usd
CY2022 us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
479000 usd
CY2021 us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
1301000 usd
CY2023 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
916000 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3043000 usd
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
907000 usd
CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
246000 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 usd
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
21556000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
670000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3522000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-15602000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
159775000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
197430000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
21100000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
11903000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
15004000 usd
CY2023 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
453000 usd
CY2022 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
19000 usd
CY2021 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
32000 usd
CY2023 figs Deferred Offering Costs In Stockholders Equity Upon Initial Public Offering
DeferredOfferingCostsInStockholdersEquityUponInitialPublicOffering
0 usd
CY2022 figs Deferred Offering Costs In Stockholders Equity Upon Initial Public Offering
DeferredOfferingCostsInStockholdersEquityUponInitialPublicOffering
0 usd
CY2021 figs Deferred Offering Costs In Stockholders Equity Upon Initial Public Offering
DeferredOfferingCostsInStockholdersEquityUponInitialPublicOffering
220000 usd
CY2021Q2 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
9
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:6pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods presented. Significant estimates include, but are not limited to, the valuation of the net realizable value of inventory, reserves for sales returns, allowances for doubtful accounts, stock-based compensation, contingent sales tax liability, and the useful lives and recoverability of long-lived assets. Actual results could differ from those estimates.</span></div>
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentrations of Credit Risk</span></div><div style="margin-top:6pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash and cash equivalents and short-term investments.</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s cash and cash equivalents and short-term investments are held with creditworthy financial institutions. Although the Company’s deposits held with banks may exceed the amount of federal insurance provided on such deposits, the Company has not experienced any losses in such accounts.</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is exposed to credit risk in the event of a default by the financial institutions holding its cash and cash equivalents and short-term investments for the amounts reflected on the balance sheets.</span></div>
CY2022Q4 us-gaap Allowance For Doubtful Other Receivables Current
AllowanceForDoubtfulOtherReceivablesCurrent
0 usd
CY2023Q4 us-gaap Allowance For Doubtful Other Receivables Current
AllowanceForDoubtfulOtherReceivablesCurrent
0 usd
CY2023 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2023Q4 figs Returns Reserve
ReturnsReserve
3000000 usd
CY2022Q4 figs Returns Reserve
ReturnsReserve
3500000 usd
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2700000 usd
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2900000 usd
CY2023 figs Deferred Revenue Redemptions
DeferredRevenueRedemptions
2400000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
545646000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
505835000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
419591000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
545646000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
505835000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
419591000 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Expected Dividend
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageExpectedDividend
0 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
45800000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
37500000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
81100000 usd
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
219846000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
12000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
7000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
219851000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
102908000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
102908000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
6549000 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
6288000 usd
CY2023Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
920000 usd
CY2022Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
578000 usd
CY2023Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
7469000 usd
CY2022Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
6866000 usd
CY2023Q4 figs Prepaid Inventory Deposits Current
PrepaidInventoryDepositsCurrent
3012000 usd
CY2022Q4 figs Prepaid Inventory Deposits Current
PrepaidInventoryDepositsCurrent
2086000 usd
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
8173000 usd
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
6588000 usd
CY2023Q4 us-gaap Prepaid Taxes
PrepaidTaxes
0 usd
CY2022Q4 us-gaap Prepaid Taxes
PrepaidTaxes
2186000 usd
CY2023Q4 figs Other Prepaid Expenses And Current Assets
OtherPrepaidExpensesAndCurrentAssets
1270000 usd
CY2022Q4 figs Other Prepaid Expenses And Current Assets
OtherPrepaidExpensesAndCurrentAssets
1023000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
12455000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
11883000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
32593000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
15811000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
7729000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4787000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
24864000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
11024000 usd
CY2023 us-gaap Depreciation
Depreciation
2900000 usd
CY2022 us-gaap Depreciation
Depreciation
1900000 usd
CY2021 us-gaap Depreciation
Depreciation
1400000 usd
CY2023Q4 figs Accrued Inventory
AccruedInventory
2126000 usd
CY2022Q4 figs Accrued Inventory
AccruedInventory
8906000 usd
CY2023Q4 figs Accrued Shipping
AccruedShipping
565000 usd
CY2022Q4 figs Accrued Shipping
AccruedShipping
2149000 usd
CY2023Q4 figs Accrued Selling Expenses
AccruedSellingExpenses
2601000 usd
CY2022Q4 figs Accrued Selling Expenses
AccruedSellingExpenses
10648000 usd
CY2023Q4 figs Accrued Legal Expenses
AccruedLegalExpenses
24000 usd
CY2022Q4 figs Accrued Legal Expenses
AccruedLegalExpenses
395000 usd
CY2023Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
466000 usd
CY2022Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
1747000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2124000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2319000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
7906000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
26164000 usd
CY2022Q4 figs Estimate Of Contingent Sales Tax Payable
EstimateOfContingentSalesTaxPayable
1600000 usd
CY2023Q4 figs Estimate Of Contingent Sales Tax Payable
EstimateOfContingentSalesTaxPayable
1600000 usd
CY2023Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
67200000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
4200000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
2800000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
1800000 usd
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
9200000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
3700000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
4000000.0 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
31000000.0 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y4M24D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.062
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
8494000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
9206000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
8047000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
8220000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
8473000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
15182000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
57622000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
10508000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
47114000 usd
CY2023Q4 us-gaap Lessee Operating Lease Lease Not Yet Commenced Term Of Contract1
LesseeOperatingLeaseLeaseNotYetCommencedTermOfContract1
P5Y
CY2023Q4 figs Lessee Operating Lease Lease Not Yet Commenced Amount
LesseeOperatingLeaseLeaseNotYetCommencedAmount
10900000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
20008000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
16731000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
17790000 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
5482000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1542000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
5357000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
25490000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
18272000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
23147000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-5954000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-2039000 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-3014000 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-1366000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1307000 usd
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-718000 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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