$FIGS
FIGS, Inc.

2024 Q3 Form 10-Q Financial Statement

#000162828024046367 Filed on November 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q3
Revenue $140.2M
YoY Change -1.51%
Cost Of Revenue $46.18M
YoY Change 2.69%
Gross Profit $94.03M
YoY Change -3.46%
Gross Profit Margin 67.06%
Selling, General & Admin $102.7M
YoY Change 17.4%
% of Gross Profit 109.18%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.900M
YoY Change 262.5%
% of Gross Profit 3.08%
Operating Expenses $102.7M
YoY Change 17.4%
Operating Profit -$8.629M
YoY Change -186.69%
Interest Expense $2.926M
YoY Change 54.0%
% of Operating Profit
Other Income/Expense, Net $2.928M
YoY Change 54.51%
Pretax Income -$5.701M
YoY Change -148.11%
Income Tax -$4.000M
% Of Pretax Income
Net Earnings -$1.700M
YoY Change -127.66%
Net Earnings / Revenue -1.21%
Basic Earnings Per Share -$0.01
Diluted Earnings Per Share -$0.01
COMMON SHARES
Basic Shares Outstanding 170.2M shares
Diluted Shares Outstanding 170.2M shares

Balance Sheet

Concept 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $281.7M
YoY Change 21.37%
Cash & Equivalents $124.1M
Short-Term Investments $157.6M
Other Short-Term Assets $18.69M
YoY Change 39.47%
Inventory $123.4M
Prepaid Expenses $5.837M
Receivables $8.783M
Other Receivables $1.716M
Total Short-Term Assets $434.3M
YoY Change 9.94%
LONG-TERM ASSETS
Property, Plant & Equipment $35.40M
YoY Change 117.07%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.160M
YoY Change 74.33%
Total Long-Term Assets $108.2M
YoY Change 131.5%
TOTAL ASSETS
Total Short-Term Assets $434.3M
Total Long-Term Assets $108.2M
Total Assets $542.5M
YoY Change 22.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $27.40M
YoY Change 82.49%
Accrued Expenses $29.04M
YoY Change 79.85%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $94.75M
YoY Change 34.92%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $183.0K
YoY Change 3.98%
Total Long-Term Liabilities $183.0K
YoY Change 3.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $94.75M
Total Long-Term Liabilities $183.0K
Total Liabilities $139.0M
YoY Change 60.51%
SHAREHOLDERS EQUITY
Retained Earnings $62.59M
YoY Change 20.94%
Common Stock $340.7M
YoY Change 12.28%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $403.5M
YoY Change
Total Liabilities & Shareholders Equity $542.5M
YoY Change 22.8%

Cashflow Statement

Concept 2024 Q3
OPERATING ACTIVITIES
Net Income -$1.700M
YoY Change -127.66%
Depreciation, Depletion And Amortization $2.900M
YoY Change 262.5%
Cash From Operating Activities $22.59M
YoY Change -58.27%
INVESTING ACTIVITIES
Capital Expenditures $4.169M
YoY Change -48.66%
Acquisitions
YoY Change
Other Investing Activities -$18.85M
YoY Change 90.06%
Cash From Investing Activities -$23.02M
YoY Change 27.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -7.273M
YoY Change -5694.62%
NET CHANGE
Cash From Operating Activities 22.59M
Cash From Investing Activities -23.02M
Cash From Financing Activities -7.273M
Net Change In Cash -7.708M
YoY Change -121.28%
FREE CASH FLOW
Cash From Operating Activities $22.59M
Capital Expenditures $4.169M
Free Cash Flow $18.42M
YoY Change -59.97%

Facts In Submission

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dei Entity Registrant Name
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FIGS, Inc.
dei Entity Incorporation State Country Code
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dei Entity Tax Identification Number
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dei Entity Address Address Line1
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2834 Colorado Avenue
dei Entity Address Address Line2
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Suite 100
dei Security12b Title
Security12bTitle
Class A common stock, $0.0001 par value per share
dei Trading Symbol
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FIGS
dei Security Exchange Name
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InterestIncomeExpenseNonoperatingNet
4494000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
6146000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
376850000 usd
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
11611000 usd
CY2024Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
10000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
1435000 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-31000 usd
CY2024Q2 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
250000 usd
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
10247000 usd
CY2024Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
254000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
1100000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-21000 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
401705000 usd
CY2024Q3 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
7277000 usd
CY2024Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
10510000 usd
CY2024Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
4000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-1700000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
268000 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
403510000 usd
us-gaap Profit Loss
ProfitLoss
835000 usd
us-gaap Profit Loss
ProfitLoss
12637000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4848000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2128000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
421000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1841000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
6211000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
2138000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
32618000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
34305000 usd
figs Accretion Of Discount On Debt Securities
AccretionOfDiscountOnDebtSecurities
-4335000 usd
figs Accretion Of Discount On Debt Securities
AccretionOfDiscountOnDebtSecurities
-897000 usd
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
385000 usd
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
0 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3030000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-550000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
4356000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-34793000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
7965000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1563000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
824000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-18000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
10828000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-4092000 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
21231000 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-9496000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1905000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
3266000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1101000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
674000 usd
figs Increase Decrease In Returns Reserve
IncreaseDecreaseInReturnsReserve
-296000 usd
figs Increase Decrease In Returns Reserve
IncreaseDecreaseInReturnsReserve
807000 usd
figs Increase Decrease In Sales Tax Payable
IncreaseDecreaseInSalesTaxPayable
1723000 usd
figs Increase Decrease In Sales Tax Payable
IncreaseDecreaseInSalesTaxPayable
551000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
1643000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-818000 usd
figs Increase Decrease In Gifts Cards Liability
IncreaseDecreaseInGiftsCardsLiability
-2212000 usd
figs Increase Decrease In Gifts Cards Liability
IncreaseDecreaseInGiftsCardsLiability
9670000 usd
figs Increase Decrease In Deferred Rent And Lease Incentive
IncreaseDecreaseInDeferredRentAndLeaseIncentive
-5405000 usd
figs Increase Decrease In Deferred Rent And Lease Incentive
IncreaseDecreaseInDeferredRentAndLeaseIncentive
-2183000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
50746000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
80647000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
13658000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9733000 usd
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
191379000 usd
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
65805000 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
141230000 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
17550000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-63807000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-57988000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
7277000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
268000 usd
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
763000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
246000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-7009000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
517000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
124103000 usd
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
2174000 usd
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
2304000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
15921000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3206000 usd
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt"><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:27pt"><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>
figs Contract With Customer Product Return Refund Period
ContractWithCustomerProductReturnRefundPeriod
P30D
CY2024Q3 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
4600000 usd
CY2023Q4 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
3000000.0 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2200000 usd
figs Deferred Revenue Redemptions
DeferredRevenueRedemptions
3100000 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
140209000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
142364000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
403726000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
400728000 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
140209000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
142364000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
403726000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
400728000 usd
CY2024Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
228544000 usd
CY2024Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
222000 usd
CY2024Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
1000 usd
CY2024Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
228765000 usd
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
CY2024Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
8783000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
6549000 usd
CY2024Q3 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
1716000 usd
CY2023Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
920000 usd
CY2024Q3 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
10499000 usd
CY2023Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
7469000 usd
CY2024Q3 figs Prepaid Inventory Deposits Current
PrepaidInventoryDepositsCurrent
622000 usd
CY2023Q4 figs Prepaid Inventory Deposits Current
PrepaidInventoryDepositsCurrent
3012000 usd
CY2024Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
5837000 usd
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
8173000 usd
CY2024Q3 us-gaap Prepaid Taxes
PrepaidTaxes
11011000 usd
CY2023Q4 us-gaap Prepaid Taxes
PrepaidTaxes
0 usd
CY2024Q3 figs Other Prepaid Expenses And Current Assets
OtherPrepaidExpensesAndCurrentAssets
1219000 usd
CY2023Q4 figs Other Prepaid Expenses And Current Assets
OtherPrepaidExpensesAndCurrentAssets
1270000 usd
CY2024Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
18689000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
12455000 usd
CY2024Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
46371000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
32593000 usd
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
10976000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
7729000 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
35395000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
24864000 usd
CY2024Q3 us-gaap Depreciation
Depreciation
2900000 usd
us-gaap Depreciation
Depreciation
4800000 usd
CY2023Q3 us-gaap Depreciation
Depreciation
800000 usd
us-gaap Depreciation
Depreciation
2100000 usd
CY2024Q3 figs Accrued Inventory
AccruedInventory
11608000 usd
CY2023Q4 figs Accrued Inventory
AccruedInventory
2126000 usd
CY2024Q3 figs Accrued Shipping
AccruedShipping
11510000 usd
CY2023Q4 figs Accrued Shipping
AccruedShipping
565000 usd
CY2024Q3 figs Accrued Selling Expenses
AccruedSellingExpenses
1025000 usd
CY2023Q4 figs Accrued Selling Expenses
AccruedSellingExpenses
2601000 usd
CY2024Q3 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
2207000 usd
CY2023Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
466000 usd
CY2024Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
117000 usd
CY2023Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
24000 usd
CY2024Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2569000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2124000 usd
CY2024Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
29036000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
7906000 usd
CY2024Q3 figs Estimate Of Contingent Sales Tax Payable
EstimateOfContingentSalesTaxPayable
1500000 usd
CY2023Q4 figs Estimate Of Contingent Sales Tax Payable
EstimateOfContingentSalesTaxPayable
1600000 usd
CY2024Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
52400000 usd
CY2024Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
3100000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
8500000 usd
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
900000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
2500000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
7700000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
15900000 usd
CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y6M
CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.066
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
4101000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
13254000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
10640000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
11175000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
11680000 usd
CY2024Q3 figs Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
15637000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
66487000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
10588000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
55899000 usd
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.702
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.481
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4000000.0 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5700000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.574
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.480
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1100000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11700000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-1700000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
6146000 usd
us-gaap Net Income Loss
NetIncomeLoss
835000 usd
us-gaap Net Income Loss
NetIncomeLoss
12637000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
170168732 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
168668844 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
170161922 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
167628888 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
170168732 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
181429745 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
180614560 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
182545627 shares
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
CY2024Q3 figs Effect Of Dilutive Stock Options And Restrictive Stock Units Per Share
EffectOfDilutiveStockOptionsAndRestrictiveStockUnitsPerShare
0
CY2023Q3 figs Effect Of Dilutive Stock Options And Restrictive Stock Units Per Share
EffectOfDilutiveStockOptionsAndRestrictiveStockUnitsPerShare
-0.01
figs Effect Of Dilutive Stock Options And Restrictive Stock Units Per Share
EffectOfDilutiveStockOptionsAndRestrictiveStockUnitsPerShare
0
figs Effect Of Dilutive Stock Options And Restrictive Stock Units Per Share
EffectOfDilutiveStockOptionsAndRestrictiveStockUnitsPerShare
-0.01
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.07
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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figs-20240930_cal.xml Edgar Link unprocessable