Filing Flows › Figs (FIGS) › Q2 2026
Figs (FIGS) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Figs (FIGS) reported revenue of $197M for the second quarter 2026 (Q2 2026), +29% from a year earlier and +23% from the quarter before. Operating margin was 17.9%, net earnings $28.4M (14.4% of revenue).
Figs, Q2 2026: revenue $197M (+29% year over year), operating margin 17.9%, net earnings $28.4M, operating cash flow $46.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $197M | +23% | +29% |
| Gross profit | $148M | +37% | +45% |
| Operating profit | $35.3M | +687% | +256% |
| Net earnings | $28.4M | +351% | +300% |
| Operating cash flow | $46.9M | — | — |
| Free cash flow | $44.3M | — | — |
What changed
Revenue was $196.6M in Q2 2026, up 29% year over year and up 23% from the previous quarter. Scrubwear was the largest line at 82% of revenue. Scrubwear added $33.8M year over year (up 27%), 77% of the total change.
Gross margin was 75.2%, up 8.2 points from Q2 2025. Operating profit was $35.3M, a 17.9% margin (up 11.4 points year over year). Of the extra revenue versus Q2 2025, 58% reached operating profit, above the 6% margin then. Operating expenses grew 22% against revenue growth of 29%. The fastest-growing cost line was Sales & marketing (+27%). Net earnings were $28.4M, up 300% year over year. The effective tax rate was 23.1%.
Operating cash flow was $46.9M, 165% of net earnings. Non-cash charges added back $2.4M of depreciation and amortization and $6.7M of share-based compensation. Working capital and other items added $9.4M. Capital expenditures of $2.6M left free cash flow of $44.3M.
Questions
What was Figs' revenue in the second quarter 2026?
Figs (FIGS) reported revenue of $197M for the second quarter 2026 (Q2 2026), +29% from a year earlier and +23% from the quarter before.
Was Figs profitable in the second quarter 2026?
Operating profit was $35.3M (17.9% of revenue) and net earnings $28.4M.
Source: Figs 10-Q on SEC EDGAR.