NYSE$FIGS
FIGS Inc. · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported a revenue increase driven by new and existing customers and an increase in average order value, and raised full year guidance.
FIGS, Inc. reported a 10.7% year-over-year increase in net revenues to $142.4 million for Q3 2023. Net income was $6.1 million, with a net income margin of 4.2%. The company also raised its full-year guidance.
- Net revenues increased by 10.7% year-over-year to $142.4 million.
- Gross margin was 68.4%, a decrease of 220 basis points year over year.
- Net income was $6.1 million, with a net income margin of 4.2%.
- Adjusted EBITDA margin was 17.2%, compared to 16.4% in the same period last year.
Headline financials
Revenue & EPS history
FIGS · Revenue · Quarterly
$142M
Forward guidance
FIGS raises full-year 2023 outlook for net revenues growth to approximately 8.5% and adjusted EBITDA margin to approximately 14%.
Tailwinds
- Strong execution of strategic priorities
- Healthy balance sheet with ample cash and no debt
- Strong cash flow generation
- Early stages of growth with intentions to make investments
- Drive accelerated growth as we move past near term macro challenges
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2023
+0.0%
Avg return
Earnings day
-0.5%
Avg return
5 days after
+0.7%
Avg return
30 days after
61%
14 / 23 earnings
Positive
+28.7%
Q3 2023
Best reaction
-25.4%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +6.0% | -20.7% | -18.1% | |
| Q4 2025 | +23.5% | +36.1% | +17.9% | |
| Q3 2025 | +14.1% | +33.2% | +52.0% | |
| Q1 2025 | -1.7% | -13.5% | -12.2% | |
| Q4 2024 | -18.1% | -13.3% | -15.8% | |
| Q3 2024 | -25.4% | -26.5% | -20.6% | |
| Q2 2024 | -11.0% | -12.1% | +4.3% | |
| Q1 2024 | +4.7% | +16.5% | +6.2% | |
| Q4 2023 | -12.2% | -7.2% | -16.4% | |
| Q3 2023 | +28.7% | +21.4% | +41.8% | |
| Q2 2023 | +1.3% | -2.9% | -11.0% | |
| Q1 2023 | +7.2% | +10.2% | +18.1% | |
| Q4 2022 | -25.1% | -25.7% | -32.8% | |
| Q3 2022 | +15.6% | +10.7% | +23.7% | |
| Q2 2022 | +3.4% | +3.3% | +0.6% | |
| Q1 2022 | -21.8% | -17.4% | -37.1% | |
| Q4 2021 | +27.5% | +22.0% | +64.5% | |
| Q3 2020 | -15.1% | -16.1% | -38.7% | |
| Q3 2021 | -15.1% | -16.1% | -38.7% | |
| Q2 2020 | +3.6% | +1.5% | +6.8% | |
| Q1 2021 | +3.6% | +1.5% | +6.8% | |
| Q2 2021 | +3.6% | +1.5% | +6.8% | |
| Q4 2020 | +3.6% | +1.5% | +6.8% | |
| Q1 2020 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro