Figs, Inc. (FIGS)
NYSEConsumer DiscretionaryApparel - ManufacturersSnapshot 2026-09-04
$14.42-5.13%
Close 2026-09-04 · 1-day change
NYSEConsumer DiscretionaryApparel - ManufacturersSnapshot 2026-09-04
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 | 7.3% |
| Our one-year growth estimate | diamond | 12.5% |
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.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
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 5.2 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-09-04 · Compared with 10 industry peers · Company calendar date is not available
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: If this goal is met, it shows strong demand and customer interest.
Supportive ifQ2 revenue growth guidance confirmed at 20% or higher year over year.
Worry ifQ2 revenue growth guidance falls below 20% year over year.
Why it matters: Reaching this margin shows good cost control. It helps meet profit goals.
Supportive ifAdjusted EBITDA margin is 13.0% to 13.2%.
Worry ifAdjusted EBITDA margin is less than 13.0%.
Why it matters: Slower growth abroad may mean issues in expanding globally.
Worry ifInternational revenue growth is reported at 67% or higher in Q3.
Less concerning ifInternational revenue growth is below 67% in Q3.
Why it matters: Sustaining this growth indicates strong brand loyalty and market demand.
Supportive ifActive customers were over 3 million in Q2.
Worry ifActive customers were below 3 million in Q2.
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 | ±$219 on $10,000 · ±2.2% | How much price usually moves either way. |
| Bad day | $506 loss on $10,000 · 5.1% | 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.
Why it matters: When the company buys back shares, it shows that leaders trust its value.
Supportive ifShare repurchases of at least $25 million were announced for Q3.
Worry ifNo share repurchase activity is announced in Q3.
Why it matters: Falling below 20% growth would indicate a slowdown in FIGS' strong sales momentum.
Worry ifQ3 net revenue growth year over year is below 20%.
Less concerning ifQ3 net revenue growth year over year is at or above 20%.
Why it matters: A margin below 14.8% means FIGS may be having trouble making money, even with revenue growth.
Worry ifAdjusted EBITDA margin for Q3 is below 14.8%.
Less concerning ifAdjusted EBITDA margin for Q3 is at or above 14.8%.
Why it matters: Share buybacks show that management trusts the company's value.
Supportive ifThis would be an announcement of share buybacks from the $100 million plan.
Worry ifNo news about share buybacks in the next quarter.
Why it matters: Slower growth in active customers may show weak demand or a full market.
Worry ifActive customer growth year over year is below 10%.
Less concerning ifActive customer growth year over year is at or above 10%.