Filing Flows › Figs (FIGS) › Q3 2026
Figs (FIGS) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Figs (FIGS) reported revenue of $191M for the third quarter 2026 (Q3 2026), +26% from a year earlier and -3% from the quarter before. Operating margin was 11.6%, net earnings $19.3M (10.1% of revenue).
Figs, Q3 2026: revenue $191M (+26% year over year), operating margin 11.6%, net earnings $19.3M, operating cash flow $56.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $191M | -3% | +26% |
| Gross profit | $132M | -11% | +25% |
| Operating profit | $22.2M | -37% | +131% |
| Net earnings | $19.3M | -32% | +120% |
| Operating cash flow | $56.9M | +21% | 17× |
| Free cash flow | $51.2M | +16% | 96× |
What changed
Revenue was $190.7M in Q3 2026, up 26% year over year and down 3% from the previous quarter. Scrubwear was the largest line at 83% of revenue. Scrubwear added $30.5M year over year (up 24%), 78% of the total change.
Gross margin was 69.3%, down 0.7 points from Q3 2025. Operating profit was $22.2M, a 11.6% margin (up 5.3 points year over year). Of the extra revenue versus Q3 2025, 32% reached operating profit, above the 6% margin then. Operating expenses grew 14% against revenue growth of 26%. The fastest-growing cost line was Sales & marketing (+24%). Net earnings were $19.3M, up 120% year over year. The effective tax rate was 21.5%.
Operating cash flow was $56.9M (up 1555% year over year), 295% of net earnings. Non-cash charges added back $2.3M of depreciation and amortization and $7.4M of share-based compensation. Working capital and other items added $27.8M. Capital expenditures of $5.7M left free cash flow of $51.2M.
Questions
What was Figs' revenue in the third quarter 2026?
Figs (FIGS) reported revenue of $191M for the third quarter 2026 (Q3 2026), +26% from a year earlier and -3% from the quarter before.
Was Figs profitable in the third quarter 2026?
Operating profit was $22.2M (11.6% of revenue) and net earnings $19.3M.
Source: Figs 10-Q on SEC EDGAR.