7 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 19.1% per year over the past 5 years.
Net income has grown slower than revenue (-7.2% vs 19.1% per year).
Operating margin has contracted, at 6.0% in the latest year.
Free cash flow has grown 22.2% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$631M
$34M
66.5%
6.0%
7.8%
5.9%
$53M
—
$82M
2024
$556M
$3M
67.6%
0.4%
0.7%
0.5%
$64M
—
$86M
2023
$546M
$23M
69.1%
6.2%
6.0%
4.8%
$85M
—
$144M
2022
$506M
$21M
70.1%
7.4%
6.9%
5.4%
-$41M
—
$160M
2021
$420M
-$10M
71.8%
2.6%
-3.9%
-3.1%
$64M
—
$195M
2020
$263M
$50M
72.3%
22.0%
50.9%
37.2%
$19M
—
$58M
2019
$110M
$112000
71.8%
-0.3%
0.3%
—
—
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Mar '26
$160M
$6M
67.7%
2.8%
1.5%
1.1%
-$6M
—
$74M
Dec '25
$202M
$19M
62.9%
9.3%
4.2%
3.2%
$58M
—
$82M
Sep '25
$152M
$9M
69.9%
6.4%
2.1%
1.6%
$531000
—
$46M
Jun '25
$153M
$7M
67.0%
6.5%
1.8%
1.4%
-$14M
—
$51M
Mar '25
$125M
-$102000
67.6%
-0.2%
-0.0%
-0.0%
$8M
—
$90M
Dec '24
$152M
$2M
67.3%
5.9%
0.5%
0.4%
$27M
—
$86M
Sep '24
$140M
-$2M
67.1%
-6.2%
-0.4%
-0.3%
$18M
—
$124M
Jun '24
$144M
$1M
67.4%
1.1%
0.3%
0.2%
$8M
—
$132M
Mar '24
$119M
$1M
68.9%
0.4%
0.4%
0.3%
$11M
—
$155M
Dec '23
$145M
$10M
67.5%
9.8%
2.7%
2.1%
$14M
—
$144M
Sep '23
$142M
$6M
68.4%
7.0%
1.7%
1.4%
$46M
—
$183M
Jun '23
$138M
$5M
69.5%
4.8%
1.4%
1.1%
$29M
—
$147M
Mar '23
$120M
$2M
71.3%
2.7%
0.6%
0.5%
-$4M
—
$156M
Dec '22
$145M
$3M
68.2%
2.2%
1.1%
0.9%
$3M
—
$160M
Sep '22
$129M
$4M
70.6%
8.7%
1.4%
1.0%
-$16M
—
$156M
Jun '22
$122M
$5M
70.6%
7.7%
1.7%
1.4%
-$20M
—
$170M
Mar '22
$110M
$9M
71.2%
12.5%
3.4%
2.6%
-$8M
—
$189M
Dec '21
$129M
$13M
69.9%
12.8%
5.1%
4.0%
$13M
—
$195M
Sep '21
$103M
$7M
72.7%
10.3%
3.2%
2.4%
$19M
—
$181M
Jun '21
$101M
-$41M
73.3%
-31.7%
-19.9%
-15.9%
—
—
$164M
Valuation over time
How the market has priced FIGS against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 48.4× (Mar '23) to 103.1× (Nov '26).
The price-to-sales ratio has risen from 2.0× (Mar '23) to 5.6× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is FIGS growing its revenue and profit?
Over the past 5 years, Figs, Inc.'s revenue has grown 19.1% per year, and net income declined 7.2% per year. These are computed facts, not advice.
How much debt does FIGS have?
As of FY2025, Figs, Inc. reported — of total debt against $82M of cash.
What is FIGS's profit margin?
In FY2025, gross margin was 66.5%, operating margin 6.0%, and net margin 5.4%.
What is FIGS's P/E ratio?
Figs, Inc.'s P/E (TTM) is 57.12 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the FIGS stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 103.1× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.