Filing Flows › Figs (FIGS) › Q3 2026 › vs Q3 2025
Figs (FIGS) Q3 2026 vs Q3 2025 (year over year)
Figs's revenue rose $39.0M (+26%) from $152M in Q3 2025 to $191M in Q3 2026. The biggest changes: Scrubwear +$30.5M (+24%); Non-Scrubwear +$8.5M (+35%). Gross margin 69.3% against 69.9% (-0.7 pts).
Figs, Q3 2026: revenue $191M (+26% year over year), operating margin 11.6%, net earnings $19.3M, operating cash flow $56.9M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 69.3% | 69.9% | -0.7 pts |
| Operating margin | 11.6% | 6.4% | +5.3 pts |
| Net margin | 10.1% | 5.8% | +4.3 pts |
| Free cash flow margin | 26.8% | 0.4% | +26.5 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Scrubwear | $158M | $127M | $30.5M | +24% |
| Non-Scrubwear | $33.2M | $24.6M | $8.5M | +35% |
| Revenue | $191M | $152M | $39.0M | +26% |
| Gross profit | $132M | $106M | $26.0M | +25% |
| Cost of revenue | $58.6M | $45.6M | $13.0M | +29% |
| Other income, net | $2.3M | $2.3M | $25K | +1% |
| Operating profit | $22.2M | $9.6M | $12.6M | +131% |
| Operating expenses | $110M | $96.4M | $13.4M | +14% |
| Pre-tax earnings | $24.6M | $12.0M | $12.6M | +105% |
| Sales & marketing | $44.4M | $35.8M | $8.6M | +24% |
| General & admin | $40.0M | $37.1M | $2.9M | +8% |
| Other operating costs | $25.5M | $23.5M | $2.0M | +9% |
| Net earnings | $19.3M | $8.7M | $10.5M | +120% |
| Income tax | $5.3M | $3.2M | $2.1M | +64% |
| Depreciation & amortization | $2.3M | $2.3M | $7K | +0.3% |
| Share-based compensation | $7.4M | $6.8M | $594K | +9% |
| Working capital & other | $27.8M | −$14.5M | $42.3M | — |
| Operating cash flow | $56.9M | $3.4M | $53.4M | 17× |
| Free cash flow (OCF − capex) | $51.2M | $531K | $50.6M | 96× |
| Capital expenditures | $5.7M | $2.9M | $2.8M | +96% |
Questions
How much did Figs's revenue grow year over year in Q3 2026?
Figs's revenue rose $39.0M (+26%) from $152M in Q3 2025 to $191M in Q3 2026.
What drove Figs's revenue change in Q3 2026?
Scrubwear +$30.5M (+24%); Non-Scrubwear +$8.5M (+35%).