FIGS, Inc.
FIGS · Apparel & Other Finishd Prods of Fabrics & Similar Matl · 154.4M shares · +4%/yr ↑ shares · EDGAR filings ↗
Reference price $14.33 · est. market cap ~$2.2B — last insider sale, 2026-05-04 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B72Direct-to-consumer medical-apparel brand (scrubs) — profitable with positive free cash flow and a fortress balance sheet.
Strengths
- Profitable with positive FCF — operating margin 6% (68th), ROA 6% (80th), FCF $53M (67th)
- Fortress liquidity — current ratio 4.9 (100th)
Risks
- Modest growth — +14%
- Brand/discretionary-demand risk — per 10-K
- Competition — per 10-K
Notable findings
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Strong balance sheetStrong balance sheet — $301M cash & investments
- Revenue declineRevenue -20.8% YoY
- Notable holderHeld by 6 notable fund(s): STATE STREET CORP, GOLDMAN SACHS GROUP INC, RENAISSANCE TECHNOLOGIES LLC +3 more (as of 2026-03-31)
- New fund positionNotable fund(s) opened this quarter: Bridgewater Associates, LP
- Insider sellingInsider selling — 9 open-market sale(s) by 3 insider(s) (cluster of 3 insiders, ~$12M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
66.5%
Operating margin
6.0%
Net margin
5.4%
Return on equity
7.8%
Return on assets
5.9%
Revenue growth (QoQ)
-20.8%
Current ratio
4.9×
Free cash flow
$53M
EBITDA
$47M
Tangible book value
$437M
Cash & investments
$301M
Stock comp / revenue
4.3%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-03 | WILKE JEFFREY A | Grant | 15K | — |
| 2026-06-03 | Jao Hsiao Yueh | Grant | 15K | — |
| 2026-06-03 | WHELAN MELANIE ANYA | Grant | 15K | — |
| 2026-06-03 | Marte Mario Jesus | Grant | 15K | — |
| 2026-06-03 | Lin Kenneth Jian-Hong | Grant | 15K | — |
| 2026-06-03 | Willhite John Martin | Grant | 15K | — |
| 2026-06-03 | Antrum Sheila | Grant | 15K | — |
| 2026-05-04 | Oughtred Sarah | Sell | 24K | $14.33 |
| 2026-05-04 | Hasson Heather L. | Sell | 32K | $14.33 |
| 2026-04-02 | Spear Catherine Eva | Sell | 62K | $14.44 |
| 2026-04-02 | Oughtred Sarah | Sell | 11K | $14.44 |
| 2026-03-03 | Oughtred Sarah | Grant | 343K | — |
| 2026-03-03 | Hasson Heather L. | Grant | 214K | — |
| 2026-03-03 | Hasson Heather L. | Sell | 556K | $16.85 |
| 2026-03-02 | Hasson Heather L. | Option exercise | 900K | $1.37 |
| 2026-03-02 | Hasson Heather L. | Tax withheld | 657K | $17.12 |
| 2026-03-02 | Hasson Heather L. | Option exercise | 313K | $0.85 |
| 2026-02-05 | Oughtred Sarah | Sell | 23K | $10.56 |
| 2026-02-05 | Hasson Heather L. | Sell | 23K | $10.56 |
| 2026-01-07 | Oughtred Sarah | Sell | 11K | $11.50 |
| 2026-01-06 | Spear Catherine Eva | Sell | 50K | $11.38 |
| 2025-11-04 | Hasson Heather L. | Sell | 23K | $7.39 |
| 2025-11-04 | Oughtred Sarah | Sell | 23K | $7.39 |
| 2025-10-03 | Oughtred Sarah | Sell | 10.0K | $7.36 |
| 2025-10-02 | Spear Catherine Eva | Sell | 62K | $6.88 |
| 2025-08-13 | Spear Catherine Eva | Sell | 66K | $6.88 |
| 2025-08-12 | Hasson Heather L. | Grant | 948K | — |
| 2025-08-04 | Oughtred Sarah | Sell | 100K | $6.19 |
| 2025-06-04 | Willhite John Martin | Grant | 29K | — |
| 2025-06-04 | WHELAN MELANIE ANYA | Grant | 29K | — |
| 2025-06-04 | Jao Hsiao Yueh | Grant | 29K | — |
| 2025-06-04 | Marte Mario Jesus | Grant | 29K | — |
| 2025-06-04 | Lin Kenneth Jian-Hong | Grant | 29K | — |
| 2025-06-04 | WILKE JEFFREY A | Grant | 29K | — |
| 2025-06-04 | Antrum Sheila | Grant | 29K | — |
| 2025-06-03 | Hasson Heather L. | Sell | 2.0K | $4.45 |
| 2025-04-01 | Jao Hsiao Yueh | Grant | 5.9K | — |
| 2025-03-10 | Hasson Heather L. | Sell | 1.9K | $4.83 |
| 2025-03-04 | Oughtred Sarah | Grant | 321K | — |
| 2025-03-04 | Spear Catherine Eva | Grant | 847K | — |
| 2025-02-20 | BAMCO INC /NY/ | Conversion | 8.8M | $6.25 |
| 2025-01-11 | Tull Thomas | Option exercise | 19.0M | $6.25 |
| 2025-01-06 | Hasson Heather L. | Sell | 27K | $5.96 |
| 2025-01-02 | WHELAN MELANIE ANYA | Grant | 11K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-08 | Shareholder vote | filing ↗ |
| 2026-05-07 | ResultsReg FDExhibits | filing ↗ |
| 2026-02-26 | ResultsReg FDExhibits | filing ↗ |
| 2025-12-15 | Material agreementDebt obligation | filing ↗ |
| 2025-11-06 | ResultsReg FDExhibits | filing ↗ |
| 2025-08-07 | ResultsReg FDExhibits | filing ↗ |
| 2025-06-09 | Shareholder vote | filing ↗ |
| 2025-05-08 | ResultsReg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-08 | 2026-06-03 | 0001628280-26-041604 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001628280-26-032216 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0001628280-26-032106 ↗ |
| 8-K | 2026-02-26 | 2026-02-26 | 0001628280-26-012291 ↗ |
| 10-K | 2026-02-26 | 2025-12-31 | 0001628280-26-012333 ↗ |
| 8-K | 2025-12-15 | 2025-12-09 | 0001628280-25-057032 ↗ |
| 8-K | 2025-11-06 | 2025-11-06 | 0001628280-25-050184 ↗ |
| 10-Q | 2025-11-06 | 2025-09-30 | 0001628280-25-050211 ↗ |
| 8-K | 2025-08-07 | 2025-08-07 | 0001628280-25-038932 ↗ |
| 10-Q | 2025-08-07 | 2025-06-30 | 0001628280-25-038989 ↗ |
| 8-K | 2025-06-09 | 2025-06-04 | 0001846576-25-000004 ↗ |
| 8-K | 2025-05-08 | 2025-05-08 | 0001628280-25-023874 ↗ |