FIGS Q2 FY26 net income more than doubles to $28.4 million; net revenue rises 28.8% to $196.6 million

Reuters2026/08/06 20:43

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FIGS posted Q2 2026 net income of $28.4 million, or $0.15 per diluted share, up from $7.1 million, or $0.04.
Net revenues rose 28.8% year over year to $196.6 million, driven by more orders and higher average order value.
Gross margin widened 8.2 percentage points to 75.2%, helped by IEEPA tariff refunds and pricing, partly offset by higher tariffs.
Non-GAAP adjusted EBITDA climbed to $36.6 million from $19.7 million, lifting margin to 18.6% from 12.9%.
Board increased share repurchase authorization by $100 million; FIGS raised 2026 outlook to about 20% net revenues growth.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FIGS Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202608061605BIZWIRE_USPR_____20260806_BW911918) on August 06, 2026, and is solely responsible for the information contained therein.

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FIGS Q2 FY26 net income more than doubles to $28.4 million; net revenue rises 28.8% to $196.6 million

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