FIGS, Inc. ( (FIGS) ) has released its Q3 earnings. Here is a breakdown of the information FIGS, Inc. presented to its investors.
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FIGS, Inc. is a direct-to-consumer healthcare apparel and lifestyle brand that designs and sells technically advanced apparel for healthcare professionals, offering a unique combination of comfort, durability, function, and style. The company is recognized for its innovative approach and strong community engagement within the healthcare sector.
In its third quarter of 2025, FIGS, Inc. reported financial results that surpassed expectations, marking its strongest quarterly growth rate in two years. The company achieved an 8.2% increase in net revenues, driven by higher order volumes and increased average order values, alongside a notable improvement in profitability metrics.
Key highlights from the earnings report include a net income margin of 5.8% and an adjusted EBITDA margin of 12.4%. The company’s U.S. and international markets both saw revenue growth, with the U.S. market growing by 7.5% and international markets by 11.7%. Operating expenses decreased by 6.1% year over year, contributing to the improved financial performance.
FIGS also reported a 4.0% increase in active customers, reaching 2.8 million, and a 5.6% rise in average order value to $114. The company’s gross margin improved to 69.9%, aided by reduced promotional sales and lower freight expenses.
Looking ahead, FIGS, Inc. is optimistic about its future growth prospects, raising its full-year 2025 outlook with expected net revenue growth of approximately 7.0% and an adjusted EBITDA margin above the initial forecast. The company remains focused on sustaining its growth trajectory and enhancing profitability, despite facing tariff headwinds.