Figs, Inc. (FIGS)
NYSEConsumer DiscretionaryApparel - ManufacturersSnapshot 2026-11-04
$21.94+5.38%
Close 2026-11-04 · 1-day change
NYSEConsumer DiscretionaryApparel - ManufacturersSnapshot 2026-11-04
QuarterlyIQ Insights · FIGS
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 76.6% |
| Our one-year growth estimate | diamond | 14.8% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
No outside relationship met the current evidence threshold.
Based on historical daily prices through 2026-11-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 61.8 percentage points more one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-04 · Compared with 3 industry peers
FIGS — earnings in line
Dated 2026-05-07
shall be deemed to be furnished, and not filed. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FIGS, INC. Date: May 7, 2026 By: /s/ Sarah Oughtred Name: Sarah Oughtred Title: Chief Financial Officer
Why it matters: FIGS raised its 2026 revenue growth outlook to about 20%. Q3 results will test whether recent growth can continue.
Supportive ifOn November 5, FIGS reports Q3 revenue growth above 20% year over year and keeps its 2026 growth outlook near 20%.
Worry ifQ3 revenue growth is below 20% year over year, or FIGS cuts its full-year growth outlook below about 20%.
Why it matters: FIGS raised its yearly margin goal after strong Q2 results. Q3 will show if that strength lasts.
Supportive ifQ3 adjusted EBITDA margin is at least 14.8%, and FIGS keeps its full-year goal at 14.8% to 15.0%.
Worry ifQ3 adjusted EBITDA margin is below 14.8%, or FIGS cuts its full-year margin goal below 14.8%.
Why it matters: Q2 gross margin included a large refund for past tariffs. The next report can show how margins look without that boost.
Worry ifQ3 gross margin falls below 67.7%, the Q2 level that included an 780-basis-point lift from tariff refunds.
Less concerning ifQ3 gross margin stays at or above 67.7% without a similar tariff refund boost.
Why it matters: Customer growth and higher spending helped lift Q1 and Q2 revenue. A slowdown in either could weaken the growth trend.
Watch forQ3 active customer growth stays at or above 13.2%, and revenue per active customer stays at or above $229.
Also watch forQ3 active customer growth falls below 12.2%, or revenue per active customer falls below $220.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$210 on $10,000 · ±2.1% | How much price usually moves either way. |
| Bad day | $527 loss on $10,000 · 5.3% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $4,603 loss on $10,000 · 46.0% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.