FIGS Q2 revenuebeats analyst estimates on order, value growth

FIGS

06/08/2026 21:19

Overview
Healthcare apparel brand's Q2 revenue rose 28.8% yr/yr, beating analyst expectations
Q2 adjusted EBITDA margin expanded to 18.6%, beating analyst expectations
Company increased share repurchase authorization by $100 mln

Outlook
FIGS raises full-year 2026 outlook, now sees net revenues up about 20% vs 2025
Company expects 2026 adjusted EBITDA margin of 14.8% to 15.0%
FIGS cites business momentum and increased expectations for second half of 2026

Result Drivers
ORDER GROWTH AND HIGHER AOV - Co said revenue growth was primarily driven by an increase in orders and higher average order value, attributed to higher average unit retail from pricing and favorable product mix
BROAD-BASED CATEGORY AND GEOGRAPHY GROWTH - Co said growth was broad-based across categories, with non-scrubwear revenue up 40.3% and international revenue up 67% yr/yr
GROSS MARGIN BOOST FROM TARIFF REFUNDS AND PRICING - Co said gross margin rose mainly due to IEEPA tariff refunds, favorable pricing, and efficiency efforts, partly offset by higher tariffs

Company press release: ID:nBw2GSxP0a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$196.60 mln
$185.85 mln (8 Analysts)
Q2 Net Income
 
$28.40 mln
 
Q2 Adjusted EBITDA
Beat
$36.60 mln
$25.16 mln (8 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the apparel & accessories peer group is "buy"
Wall Street's median 12-month price target for FIGS, Inc. is $17.00, about 55.7% above its August 5 closing price of $10.92
The stock recently traded at 37 times the next 12-month earnings vs. a P/E of 56 three months ago

Reuters Recommended Reads
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Aug 5 - US refunds $100 billion in tariffs struck down by Supreme Court, filing shows

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)