Filing Flows › Consumer Discretionary › Figs (FIGS)
Figs (FIGS) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Figs (FIGS) Q3 2026 earnings results →
Q3 2026 Revenue up 26% year over year to $191M · 10¢ of every $1 of revenue kept as net profit · operating margin 11.6%
Figs made $191M in Q3 2026 (+26% Y/Y): Scrubwear $158M, Non-Scrubwear $33.2M. Operating margin 11.6%, net earnings $19.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $190.7M in Q3 2026, up 26% year over year and down 3% from the previous quarter. Scrubwear was the largest line at 83% of revenue. Scrubwear added $30.5M year over year (up 24%), 78% of the total change.
Gross margin was 69.3%, down 0.7 points from Q3 2025. Operating profit was $22.2M, a 11.6% margin (up 5.3 points year over year). Of the extra revenue versus Q3 2025, 32% reached operating profit, above the 6% margin then. Operating expenses grew 14% against revenue growth of 26%. The fastest-growing cost line was Sales & marketing (+24%). Net earnings were $19.3M, up 120% year over year. The effective tax rate was 21.5%.
Operating cash flow was $56.9M (up 1555% year over year), 295% of net earnings. Non-cash charges added back $2.3M of depreciation and amortization and $7.4M of share-based compensation. Working capital and other items added $27.8M. Capital expenditures of $5.7M left free cash flow of $51.2M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $191M | +26% | 11.6% | $19.3M | $56.9M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $197M | +29% | 17.9% | $28.4M | $46.9M |
| Q1 2026 | 10-Q | May 7, 2026 | $160M | +28% | 2.8% | $6.3M | −$3.2M |
| Q4 2025 | 10-K | Feb 26, 2026 | $202M | +33% | 9.3% | $18.5M | $60.9M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $152M | +8% | 6.4% | $8.7M | $3.4M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $153M | +6% | 6.5% | $7.1M | −$12.4M |
| Q1 2025 | 10-Q | May 8, 2025 | $125M | +5% | -0.2% | −$102K | $9.2M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Figs
We are a founder-led, direct-to-consumer healthcare apparel and lifestyle brand that seeks to celebrate, empower and serve current and future generations of healthcare professionals. We are committed to helping this growing, global community of professionals, whom we refer to as Awesome Humans, look, feel and perform at their best—24/7, 365 days a year. We create technically advanced apparel and products that feature an unmatched combination of comfort, durability, function and style, all at an affordable price. In doing so, we have redefined what scrubs are—giving rise to our tag-line: why wear scrubs, when you can #wearFIGS?
In its own words, from its 10-K, filed Feb 26, 2026.
Figs against its Apparel & Other Finishd Prods of Fabrics & Similar Matl peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +26% against the peers' median +2%. Operating margin: 11.6% against the peers' median 7.4%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| FIGS Figs | Q3 2026 | $191M | +26% | 11.6% |
| LULU lululemon athletica | Q2 FY27 | $2.4B | -4% | 18.8% |
| LEVI Levi Strauss | Q3 FY26 | $1.6B | +4% | 13.8% |
| UAA Under Armour | Q2 FY27 | $1.2B | -7% | 1.2% |
| COLM Columbia Sportswear | Q3 2026 | $963M | +2% | 11.4% |
| CRI Carter's | Q3 2026 | $752M | -0.7% | 7.4% |
| GIII G III Apparel Group | Q2 FY27 | $554M | -10% | 2.0% |
| SGC Superior Group of Companies | Q2 2026 | $148M | +3% | 0.8% |
| JRSH Jerash Holdings (US) | Q1 FY27 | $50.2M | +27% | 5.2% |
Source: Figs 10-Q on SEC EDGAR · CIK 1846576 · Apparel & Other Finishd Prods of Fabrics & Similar Matl
Guidance and outlook
13F: who owns FIGS and who is buying
More on FIGS
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results