← FIGS, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Net income | $112k |
$49.8m
+44326.79%
|
($9.6m)
-119.20%
|
$21.2m
+321.70%
|
$22.6m
+6.85%
|
$2.7m
-87.98%
|
$34.2m
+1159.19%
|
$61.9m
+80.79%
|
|
| Depreciation and amortization expense | $517k | $946k | $1.4m | $1.9m | $2.9m | $6.7m | $9.0m | $10.7m | |
| Deferred income taxes | $0 | ($6.5m) | ($3.7m) | ($732k) | ($7.3m) | $6.6m | ($544k) | ($634k) | |
| Stock-based compensation | $179k | $8.7m | $81.1m | $37.5m | $45.8m | $42.7m | $26.9m | $24.2m | |
| Accounts receivable | ($1.3m) | ($4.0m) | $3.3m | ($4.4m) | ($603k) | ($1.2m) | $2.4m | ($14.3m) | |
| Inventory | ($763k) | ($35.4m) | ($36.3m) | ($91.9m) | $58.9m | $3.3m | ($12.2m) | $16.0m | |
| Accounts payable | $2.7m | $1.2m | $2.9m | $6.3m | ($6.2m) | ($5.3m) | $8.8m | ($10.0m) | |
| Property and equipment included in accounts payable and accrued expenses | $770k | $236k | $32k | $19k | $453k | $536k | $67k | — | |
| Accretion of discount and accrued interest on available-for-sale securities | — | — | $0 | $0 | ($1.7m) | ($5.7m) | ($3.7m) | — | |
| Accrued expenses | $464k | $4.3m | $18.0m | $1.5m | ($18.7m) | $34.0m | ($21.3m) | $20.5m | |
| Accrued compensation and benefits | ($712k) | $794k | ($1.2m) | $2.2m | $3.9m | ($1.6m) | $11.5m | — | |
| Deferred revenue | $636k | $527k | $652k | ($354k) | ($626k) | $2.5m | ($622k) | — | |
| Prepaid expenses and other current assets | $254k | ($4.7m) | ($735k) | ($4.5m) | ($572k) | ($2.5m) | $1.1m | — | |
| Other assets | ($342k) | $38k | $127k | ($197k) | ($79k) | ($737k) | $356k | — | |
| Net cash provided by operating activities | $6.5m |
$21.7m
+233.00%
|
$66.4m
+205.49%
|
($35.3m)
-153.18%
|
$100.9m
+385.64%
|
$81.2m
-19.57%
|
$61.2m
-24.63%
|
$108.0m
+76.59%
|
|
| Purchases of property and equipment | ($4.8m) | ($2.3m) | ($2.7m) | ($5.3m) | ($16.3m) | ($17.0m) | ($8.2m) | ($10.8m) | |
| Net cash used in investing activities | ($4.8m) | ($2.3m) | ($2.7m) | ($5.8m) | ($117.2m) | ($94.9m) | ($64.0m) | ($10.1m) | |
| Repurchases of Class A Common Stock | — | — | — | $0 | $0 | ($45.5m) | ($2.7m) | — | |
| Issuance of Class A Common Stock upon vesting of restricted stock | — | — | — | — | $0 | $0 | $1k | — | |
| Issuance of Class A Common Stock in exchange for services | — | — | — | $0 | $0 | $250k | $0 | — | |
| Tax payments related to net share settlements on restricted stock units | $0 | $0 | ($21.6m) | $0 | ($246k) | $0 | $0 | — | |
| Net cash (used in) provided by financing activities | $14.0m |
$294k
-97.90%
|
$75.6m
+25604.76%
|
$3.5m
-95.34%
|
$670k
-80.98%
|
($44.8m)
-6781.49%
|
($969k)
+97.84%
|
— | |
| Cash and cash equivalents, beginning of period | $38.4m | $58.1m | $197.4m | $159.8m | $144.2m | $85.6m | $82.0m | — | |
| Effect of foreign currency exchange rate changes on cash and cash equivalents | — | — | — | — | $0 | $0 | $100k | — | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Non-cash operating lease cost | $6.5m | $21.7m | $0 | $2.4m | $2.9m | $8.5m | $10.0m | $108.0m | |
| Sales tax payable | $713k | $2.4m | $2.2m | ($3.0m) | ($225k) | $556k | $561k | — | |
| Gift card liability | $267k | $901k | $1.1m | $697k | $358k | $1.4m | $2.5m | — | |
| Returns reserve | $0 | $105k | $4.4m | ($4.0m) | ($469k) | $884k | $298k | — | |
| Income tax payable | $722k | $2.0m | $2.6m | $2.3m | $2.6m | ($2.2m) | $1.5m | — | |
| Operating lease liabilities | — | — | $0 | ($2.1m) | ($2.7m) | ($8.3m) | ($9.7m) | — | |
| Other non-current liabilities | $0 | $0 | $243k | ($67k) | $7k | ($100k) | $99k | — | |
| Purchases of available-for-sale securities | — | — | $0 | $0 | ($150.1m) | ($246.9m) | ($257.0m) | — | |
| Maturities of available-for-sale securities | — | — | $0 | $0 | $49.3m | $196.6m | $201.4m | — | |
| Purchase of investment in equity securities | — | — | — | $0 | $0 | ($27.5m) | ($201k) | ($291.3m) | |
| Proceeds from stock option exercises and employee stock purchases | $0 | $392k | $907k | $3.0m | $916k | $438k | $1.7m | — | |
| Net decrease in cash and cash equivalents | $15.8m | $19.8m | $139.3m | ($37.7m) | ($15.6m) | ($58.5m) | ($3.7m) | — | |
| Cash paid for income taxes, net of refunds received | $0 | $18.2m | $15.0m | $11.9m | $21.1m | $13.1m | $8.4m | — |