Filing Flows › Figs (FIGS) › Q3 2025
Figs (FIGS) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Figs (FIGS) reported revenue of $152M for the third quarter 2025 (Q3 2025), +8% from a year earlier and -0.6% from the quarter before. Operating margin was 6.4%, net earnings $8.7M (5.8% of revenue).
Figs, Q3 2025: revenue $152M (+8% year over year), operating margin 6.4%, net earnings $8.7M, operating cash flow $3.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $152M | -0.6% | +8% |
| Gross profit | $106M | +4% | +13% |
| Operating profit | $9.6M | -3% | — |
| Net earnings | $8.7M | +23% | — |
| Operating cash flow | $3.4M | — | -85% |
| Free cash flow | $531K | — | -97% |
What changed
Revenue was $151.7M in Q3 2025, up 8% year over year and down 1% from the previous quarter. Scrubwear was the largest line at 84% of revenue. Scrubwear added $9.8M year over year (up 8%), 86% of the total change.
Gross margin was 69.9%, up 2.9 points from a year earlier. Operating profit was $9.6M, a 6.4% margin (up 12.5 points year over year). Operating expenses fell 6% while revenue rose 8%. Net earnings were $8.7M. The effective tax rate was 26.9%.
Operating cash flow was $3.4M (down 85% year over year), 39% of net earnings. Non-cash charges added back $2.3M of depreciation and amortization and $6.8M of share-based compensation. Working capital and other items used $14.5M. Capital expenditures of $2.9M left free cash flow of $531K.
Questions
What was Figs' revenue in the third quarter 2025?
Figs (FIGS) reported revenue of $152M for the third quarter 2025 (Q3 2025), +8% from a year earlier and -0.6% from the quarter before.
Was Figs profitable in the third quarter 2025?
Operating profit was $9.6M (6.4% of revenue) and net earnings $8.7M.
Source: Figs 10-Q on SEC EDGAR.