Filing Flows › Figs (FIGS) › Q2 2025
Figs (FIGS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Figs (FIGS) reported revenue of $153M for the second quarter 2025 (Q2 2025), +6% from a year earlier and +22% from the quarter before. Operating margin was 6.5%, net earnings $7.1M (4.7% of revenue).
Figs, Q2 2025: revenue $153M (+6% year over year), operating margin 6.5%, net earnings $7.1M, operating cash flow −$12.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $153M | +22% | +6% |
| Gross profit | $102M | +21% | +5% |
| Operating profit | $9.9M | — | +538% |
| Net earnings | $7.1M | — | +545% |
| Operating cash flow | −$12.4M | -235% | — |
What changed
Revenue was $152.6M in Q2 2025, up 6% year over year and up 22% from the previous quarter. Scrubwear was the largest line at 83% of revenue. Scrubwear added $9.1M year over year (up 8%), 108% of the total change. Non-Scrubwear declined 3%.
Gross margin was 67.0%, down 0.5 points from a year earlier. Operating profit was $9.9M, a 6.5% margin (up 5.4 points year over year). Of the extra revenue versus a year earlier, 99% reached operating profit, above the 1% margin then. Operating expenses fell 4% while revenue rose 6%. Net earnings were $7.1M, up 545% year over year. The effective tax rate was 41.0%.
Operating cash flow was −$12.4M. Non-cash charges added back $2.2M of depreciation and amortization and $7.6M of share-based compensation. Working capital and other items used $29.3M. Capital expenditures of $1.1M exceeded it, leaving free cash flow of −$13.5M.
Questions
What was Figs' revenue in the second quarter 2025?
Figs (FIGS) reported revenue of $153M for the second quarter 2025 (Q2 2025), +6% from a year earlier and +22% from the quarter before.
Was Figs profitable in the second quarter 2025?
Operating profit was $9.9M (6.5% of revenue) and net earnings $7.1M.
Source: Figs 10-Q on SEC EDGAR.