Figs Quadruples Q2 Net Income to $28.4 Million as Revenue Jumps 28.8%
Updated
Updated · Yahoo Finance · Aug 7
Figs Quadruples Q2 Net Income to $28.4 Million as Revenue Jumps 28.8%
3 articles · Updated · Yahoo Finance · Aug 7
Summary
$28.4 million in Q2 net income, or $0.15 a share, sent Figs shares soaring after the result more than doubled Wall Street expectations of $0.07.
$196.6 million in net revenue drove the beat, up 28.8% year over year as orders and average order value rose; active customers increased 13.2% to 3.1 million and spending per order climbed 8.5% to $127.
Tariff refunds lifted gross margin by 8.2 percentage points to 75.2%, while growth was broad-based across scrubwear, non-scrubwear and international sales, which jumped 67% to $37.9 million.
Figs raised its 2026 revenue growth forecast to about 20% from 14% to 16% and expanded its stock buyback program by $100 million, signaling confidence that its expansion runway remains long.