Revenue Growth
FIGS reported a 5% year-over-year increase in Q1 revenue, reaching $124.9 million, surpassing expectations.
Adjusted EBITDA Margin
The adjusted EBITDA margin was 7.2%, exceeding the target range of 5.5% to 6%.
Active Customer Growth
Active customers grew by 4% year-over-year to 2.7 million.
International Sales Increase
International sales increased by 16%, with strong performance in Mexico, Europe, and the Middle East.
AOV Increase
Average Order Value (AOV) increased by 3% to $119, a record high for the brand.
TEAMS Business Expansion
FIGS has started to see outbound orders for its TEAMS business, targeting large institutions and modern healthcare settings.
Strong Balance Sheet
The company maintains a strong balance sheet with $251.2 million in net cash and a debt-free structure.