Record Quarterly Revenue Growth
Net revenues increased 8% year-over-year to $151.7 million, representing the highest quarterly growth in the past two years.
Strong Gross Margin Performance
Gross margin expanded by 280 basis points to 69.9%, driven by lower discounts, improved return rates, lower duties, and reduced freight costs.
Adjusted EBITDA Margin Improvement
Adjusted EBITDA margin improved by 900 basis points to 12.4% for the period, reflecting successful tariff mitigation efforts and SG&A leverage.
International Expansion
International sales grew by 12%, with the company expanding from 33 to nearly 60 markets by year-end, highlighting significant opportunities for growth.
Successful Product Launches
New fabrications and expanded product lines, including FORMx and FIBERx, contributed to strong customer engagement and reduced return rates.
Team USA Partnership for 2026 Winter Olympics
FIGS continues its partnership with Team USA, highlighting brand visibility and product innovation with the introduction of the FIBERx fabric.
Strong Active Customer Growth
Active customers grew by 4% to nearly 2.8 million, with a trailing 12-month net revenue per active customer increasing by 2%.