FIGS 2025 Q2 Earnings Strong Performance as Net Income Surges 545%

FIGS reported its fiscal 2025 Q2 earnings on August 8, 2025, showcasing strong financial performance and positive momentum. The results beat expectations with a significant increase in profitability and a revenue growth of 5.8%, while the company maintained a cautious but optimistic outlook for the remainder of the year.

Revenue
FIGS reported total revenue of $152.64 million for the second quarter of 2025, reflecting a 5.8% year-over-year increase from $144.22 million in 2024 Q2. Within the revenue breakdown, scrubwear remained the dominant segment with $127.42 million in sales, contributing over 83% of total revenue. The non-scrubwear segment added $25.23 million, rounding out the total revenue of $152.64 million.

Earnings/Net Income
The company’s net income surged 545.4% year-over-year to $7.10 million in 2025 Q2 from $1.10 million in the prior-year quarter. Earnings per share also rose sharply, jumping 300.0% to $0.04 from $0.01, signaling strong operational efficiency and a marked improvement in profitability. These results reflect a compelling earnings performance driven by top-line growth and cost management.

Price Action
FIGS’s stock has shown resilience in recent trading periods, with a 0.46% gain during the latest trading day, a 0.77% rise during the most recent full trading week, and a robust 12.54% increase month-to-date.

Post-Earnings Price Action Review
A strategy of buying FIGS shares 30 days after the earnings release date following three consecutive quarters of revenue growth delivered a 19.27% return, outperforming the 60.15% benchmark return. The Sharpe ratio stood at 0.10, indicating reasonable risk-adjusted returns, while the absence of maximum drawdown highlighted the strategy's favorable risk profile.

CEO Commentary
Trina Spear, Chief Executive Officer and Co-Founder, praised the strong Q2 performance, noting that revenue exceeded expectations due to robust demand from new and existing customers, as well as a higher average order value. She emphasized the effectiveness of strategic product and marketing initiatives and expressed confidence in the company’s ability to outperform post-pandemic purchasing trends.

Guidance
Sarah Oughtred, Chief Financial Officer, provided an updated full-year 2025 outlook, anticipating low-single-digit net revenue growth compared to 2024 and an adjusted EBITDA margin of 8.5% to 9.0%. The guidance underscores confidence in the company’s ability to drive core business growth, reinvent its customer funnel, and maintain disciplined cost management.

Additional News
On the same date as FIGS’s earnings release, Nigerian newspaper Punch reported on a range of significant events. Kaduna State police arrested two suspected gun runners and recovered four locally made rifles and pistols, highlighting the ongoing security challenges in the region. The Federal Government announced a 100 billion naira solar initiative aimed at reducing energy costs in public institutions. In another development, the University of Benin Teaching Hospital (UBTH) appointed its first female Chief Medical Director. These stories reflect the broader socio-political and economic context in which FIGS operates.