NYSE$FIGS

FIGS Inc. · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Delivered fourth quarter results ahead of expectations, reflecting strong holiday performance and growth in non-scrubwear and international businesses.

FIGS, Inc. reported Q4 2022 net revenues of $144.9 million, a 12.6% increase year over year. Net income was $3.4 million, with diluted earnings per share of $0.02. The company's gross margin was 68.2%, and adjusted EBITDA was $19.8 million, or 13.6% of net revenues.

  • Net revenues increased by 12.6% year-over-year to $144.9 million.
  • Gross margin was 68.2%, a decrease of 170 basis points year over year.
  • Net income was $3.4 million, with diluted earnings per share at $0.02.
  • Adjusted EBITDA was $19.8 million, representing 13.6% of net revenues.

Headline financials

Total Revenue

$145M

Previous: $129M+12.6%
EPS (adj)

$0.05

Previous: $0.09-44.4%
Average Order Value

$112.00

Previous: $113.00-0.9%
Capital Expenditures

$1.09M

Previous: $704K+55.1%
Free Cash Flow

$3.46M

Previous: $13.2M-73.8%
Net Income

$3.39M

Previous: $12.6M-73.1%
Operating Income

$3.26M

Previous: $16.4M-80.2%
Gross Profit

$98.8M

Previous: $90.1M+9.8%
Cash & Equivalents

$160M

Previous: $195M-18.2%
Total Assets

$395M

Previous: $312M+26.7%
Stock-Based Comp

$11.2M

Previous: $12.9M-13.1%

Revenue & EPS history

FIGS · Revenue · Quarterly

$145M

Q4 2022+12.6%vs Q4 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

FIGS anticipates mid-single digit growth in net revenues and an adjusted EBITDA margin of 11%-12% for 2023.

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 Q4 2022

Historical avgQ4 2022

+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

Earnings price reactions
QuarterReport dateReaction (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

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