Filing Flows › Figs (FIGS) › Q2 2026 › vs Q2 2025
Figs (FIGS) Q2 2026 vs Q2 2025 (year over year)
Figs's revenue rose $44.0M (+29%) from $153M in Q2 2025 to $197M in Q2 2026. The biggest changes: Scrubwear +$33.8M (+27%); Non-Scrubwear +$10.2M (+40%). Gross margin 75.2% against 67.0% (+8.2 pts).
Figs, Q2 2026: revenue $197M (+29% year over year), operating margin 17.9%, net earnings $28.4M, operating cash flow $46.9M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 75.2% | 67.0% | +8.2 pts |
| Operating margin | 17.9% | 6.5% | +11.4 pts |
| Net margin | 14.4% | 4.7% | +9.8 pts |
| Free cash flow margin | 22.5% | -8.9% | +31.4 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Scrubwear | $161M | $127M | $33.8M | +27% |
| Non-Scrubwear | $35.4M | $25.2M | $10.2M | +40% |
| Revenue | $197M | $153M | $44.0M | +29% |
| Gross profit | $148M | $102M | $45.6M | +45% |
| Cost of revenue | $48.8M | $50.4M | −$1.6M | -3% |
| Other income, net | $1.6M | $2.1M | −$497K | -23% |
| Operating profit | $35.3M | $9.9M | $25.3M | +256% |
| Operating expenses | $113M | $92.3M | $20.3M | +22% |
| Pre-tax earnings | $36.9M | $12.0M | $24.9M | +207% |
| Sales & marketing | $43.7M | $34.4M | $9.3M | +27% |
| General & admin | $40.4M | $34.7M | $5.6M | +16% |
| Other operating costs | $28.5M | $23.2M | $5.4M | +23% |
| Net earnings | $28.4M | $7.1M | $21.3M | +300% |
| Income tax | $8.5M | $4.9M | $3.6M | +72% |
| Depreciation & amortization | $2.4M | $2.2M | $218K | +10% |
| Share-based compensation | $6.7M | $7.6M | −$887K | -12% |
| Working capital & other | $9.4M | −$29.3M | $38.7M | — |
| Operating cash flow | $46.9M | −$12.4M | $59.3M | — |
| Free cash flow (OCF − capex) | $44.3M | −$13.5M | $57.8M | — |
| Capital expenditures | $2.6M | $1.1M | $1.5M | +139% |
Questions
How much did Figs's revenue grow year over year in Q2 2026?
Figs's revenue rose $44.0M (+29%) from $153M in Q2 2025 to $197M in Q2 2026.
What drove Figs's revenue change in Q2 2026?
Scrubwear +$33.8M (+27%); Non-Scrubwear +$10.2M (+40%).