Figs Announces Q3 Earnings Per Share of 5 Cents, Exceeding Consensus Estimate of 2 Cents
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 06 2025
0mins
Should l Buy FIGS?
Q3 Revenue Performance: FIGS reported a Q3 revenue of $151.7 million, surpassing the consensus estimate of $142.46 million.
CEO's Statement: Trina Spear, CEO and Co-Founder, highlighted that the results exceeded internal expectations and marked the strongest revenue growth in two years.
Business Momentum: The company attributes its success to a strong product assortment and impactful brand moments, which have driven momentum in scrubwear and the U.S. business.
Long-term Outlook: FIGS believes that their strategic actions will enhance the fundamental drivers of their healthy business in the long run, reinforcing their position as leaders in the market.
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Analyst Views on FIGS
Wall Street analysts forecast FIGS stock price to fall
5 Analyst Rating
2 Buy
2 Hold
1 Sell
Hold
Current: 11.970
Low
7.50
Averages
10.70
High
15.00
Current: 11.970
Low
7.50
Averages
10.70
High
15.00
About FIGS
FIGS, Inc. operates as a direct-to-consumer healthcare apparel and lifestyle brand. The Company sells products designed to serve the particular needs of healthcare professionals primarily through its direct-to-consumer (DTC) digital platform, consisting of its Website, mobile app and B2B business (TEAMS). Its offerings include scrubwear and non-scrubwear, such as outerwear, underscrubs, footwear, compression socks, lab coats, loungewear, and other apparel. Its non-scrubwear products are designed as an integrated system that complements its scrubwear and are comprised of base layer and outer layer products. Its underscrubs include sports bras, performance leggings, performance tops and super-soft pima cotton tops. Its under underscrubs include several styles of underwear. Its outer layer products include footwear, lab coats, and a variety of vests, jackets, and fleeces. The Company also offers necessities, such as scrub caps, lanyards, badge reels, tote bags, baseball caps, and beanies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Cost Management: Figs managed to keep operating costs up only 23%, slower than sales growth, while gross margin slightly improved to 65.09%, showcasing effective cost control, although overall profitability remains a concern.
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- Tech Sector Weakness: Nasdaq 100 futures are down over 1.5%, indicating weakness in tech stocks, while U.S. WTI crude oil prices have risen 3% to $104 per barrel, and market interest rates are also climbing, with the 10-year Treasury yield surpassing 4.56% and the 30-year yield reaching 5.1%, which could exert pressure on the stock market.
- Applied Materials Strong Quarter: Applied Materials reported a robust quarterly performance, beating both revenue and earnings expectations, yet its inability to increase machine and tool output has kept supplies tight; Citi raised its price target from $520 to $550, but the stock still fell 2%, reflecting market concerns about the semiconductor sector.
- Deutsche Bank Bullish on BWX Technologies: Deutsche Bank upgraded BWX Technologies from hold to buy, citing an improving outlook for nuclear energy; BWX primarily designs and manufactures nuclear components for the Navy, and despite a good quarter earlier this month, the stock was poorly received, indicating cautious investor sentiment.
- Texas Roadhouse Potential: RBC Capital upgraded Texas Roadhouse from hold to buy, anticipating that declining beef prices will improve margins; although the company has struggled with high beef inflation, market optimism about its future is beginning to rise.
See More
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- Fluence Energy Surge: Fluence Energy's stock soared nearly 30% after its fiscal second-quarter EBITDA exceeded Wall Street estimates, following a prior session surge of about 40%, indicating strong market confidence in its growth potential and attracting more investor interest.
- Corpay Raises Guidance: Corpay shares jumped 10% after the company raised its full-year earnings guidance to a range of $26.30 to $27.10 per share, surpassing analyst expectations of $26.05, reflecting robust performance in the corporate payments sector and potentially increasing market share.
- Akamai Technologies Rises: Akamai's stock surged 20% after securing an $1.8 billion commitment from a leading U.S. frontier model provider for its Cloud Infrastructure Services, indicating strong demand in the market, while also reporting a first-quarter adjusted earnings beat that bolstered investor confidence.
- Upwork Restructuring Impact: Upwork's shares tumbled 21% following its announcement of a 24% workforce reduction to ensure profitability, despite slightly lower-than-expected first-quarter earnings and revenue, which may affect its future competitive position and investor sentiment.
See More
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- Earnings Beat: Figs reported Q1 earnings of $0.03 per share and sales of $159.9 million, surpassing analyst expectations of $0.01 and $152.5 million, indicating strong performance in the medical apparel sector.
- Strong Sales Growth: Despite a robust 28% sales growth in Q1, with scrubwear up 27% and non-scrubwear up 31%, investor disappointment over future guidance led to a significant stock price drop.
- Cost Management: Figs managed to keep operating costs up only 23%, slower than sales growth, while gross margin slightly improved to 65.09%, showcasing effective cost control, although overall profitability remains a concern.
- Conservative Guidance: Figs' guidance for 2026 sales growth of only 14% to 16% is lower than the Q1 growth rate, though it exceeds Wall Street's expectation of 12%, yet investor concerns about future growth prospects have resulted in substantial stock volatility.
See More
Akamai Technologies Shares Surge 27% on $1.8 Billion Commitment
- Akamai Stock Surge: Shares of Akamai Technologies soared 27% after a leading U.S. frontier model provider committed to a $1.8 billion investment over seven years for its Cloud Infrastructure Services, enhancing market confidence and potentially driving future revenue growth.
- CoreWeave Revenue Guidance Miss: CoreWeave's second-quarter revenue guidance of $2.45 billion to $2.6 billion, with a midpoint of $2.53 billion, fell short of Wall Street's $2.69 billion expectation, resulting in a 7% stock decline, reflecting market concerns about its growth outlook.
- Microchip Earnings Beat: Microchip Technology's stock rose 3% following a fiscal fourth-quarter report that exceeded earnings and revenue expectations, with projected first-quarter revenue between $1.44 billion and nearly $1.47 billion, indicating strong performance in the semiconductor sector.
- Upwork Restructuring Plan: Upwork's announcement of a 24% workforce reduction to maintain profitability led to a 23% drop in its stock price, despite slightly lower-than-expected first-quarter earnings and revenue, showcasing the company's strategic response to evolving market conditions.
See More
FIGS, Inc. Reports Strong Q1 2026 Earnings with 28% Revenue Growth
- Significant Revenue Growth: FIGS reported Q1 net revenues of $159.9 million, reflecting a 28% year-over-year increase that exceeded market expectations, indicating strong momentum in customer growth and market expansion, with full-year revenue growth outlook raised to 14%-16%.
- Customer Base Expansion: The company surpassed 3 million active customers for the first time, demonstrating significant progress in attracting new customers and improving retention, further solidifying its leadership position in the medical apparel market.
- International Market Expansion: FIGS saw a 50% year-over-year increase in international net revenue, now operating in 85 international markets after successfully opening 15 new markets in Europe and an additional 12 in Asia Pacific, showcasing the effectiveness of its globalization strategy and strong market demand.
- Profitability Improvement: The adjusted EBITDA margin for Q1 increased to 8.7%, up from 7.3% last year, while the company plans to continue enhancing operating margins in the coming quarters, reflecting strong profitability and sustainable growth potential.
See More
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- Market Volatility: Doubts surrounding the Iran deal led to volatility in the stock market on Thursday, with major indices experiencing declines, reflecting investor sensitivity to geopolitical risks and uncertainty.
- Tech Stocks Resilience: Despite the overall market pressure, Nvidia and Tesla showed strong performance, indicating investor confidence in the long-term growth potential of these companies, which may attract more capital into the tech sector.
- Earnings Movers: CoreWeave, Rocket Lab, Cloudflare, and IREN's earnings reports became focal points for the market, with investors closely monitoring their performance to assess future growth prospects and competitive positioning.
- Jobs Report Anticipation: The market is set to receive a new jobs report, with analysts expecting it to provide crucial signals regarding economic recovery, which could further influence investor decisions and market trends.
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