FIGS, Inc. Stock Research

Market Summary

USD5.97-0.04

Delayedas of 23 Mar 2023, 01:26 pm

-0.67%

FIGS Alerts

1 major insider buys and 1 major insider sales recently.
Big fall in earnings (Y/Y)

FIGS Stock Price

FIGS RSI Chart

FIGS Valuation

Market Cap

978.4M

Price/Earnings (Trailing)

46.18

Price/Sales (Trailing)

1.93

EV/EBITDA

19.32

Price/Free Cashflow

-24.05

FIGS Price/Sales (Trailing)

FIGS Profitability

EBT Margin

7.66%

Return on Equity

6.88%

Return on Assets

5.36%

Free Cashflow Yield

-4.16%

FIGS Fundamentals

FIGS Revenue

Revenue (TTM)

505.8M

Revenue Y/Y

12.59%

Revenue Q/Q

12.68%

FIGS Earnings

Earnings (TTM)

21.2M

Earnings Y/Y

-73.08%

Earnings Q/Q

-16.15%

Price Action

52 Week Range

5.5523.93

(Low)(High)

Last 7 days

-1.3%

Last 30 days

-35.7%

Last 90 days

-12.7%

Trailing 12 Months

-64.0%

FIGS Financial Health

Current Ratio

4.99

FIGS Investor Care

Shares Dilution (1Y)

2.60%

Diluted EPS (TTM)

0.11

Financials for FIGS

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	3.3%	506	490	464	443	420
Gross Profit	2.6%	354	346	329	317	301
Operating Expenses	7.5%	317	295	279	309	290
S&GA Expenses	11.3%	118	106	94.00	87.00	82.00
EBITDA	-21.1%	42.00	54.00	51.00	9.00	11.00
EBITDA Margin	-23.7%	0.08*	0.11*	0.11*	0.02*	0.03*
Earnings Before Taxes	-24.7%	39.00	51.00	49.00	8.00	10.00
EBT Margin	-27.1%	0.08*	0.10*	0.11*	0.02*	0.02*
Interest Expenses	175.5%	2.00	1.00	-0.09	-0.19	-0.24
Net Income	-30.3%	21.00	30.00	33.00	-12.10	-9.56
Net Income Margin	-32.5%	0.04*	0.06*	0.07*	-0.03*	-0.02*
Free Cahsflow	-25.5%	-40.68	-32.41	3.00	40.00	64.00

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	2.4%	395	386	354	343	312
Current Assets	3.1%	357	346	316	306	293
Cash Equivalents	2.7%	160	156	170	189	195
Inventory	5.9%	178	168	128	103	86.00
Net PPE	1.9%	11.00	11.00	9.00	8.00	8.00
Liabilities	-6.3%	87.00	93.00	76.00	79.00	66.00
Current Liabilities	-6.6%	71.00	76.00	58.00	61.00	62.00
Shareholder's Equity	5.2%	308	292	278	263	246
Retained Earnings	9.5%	39.00	36.00	32.00	27.00	18.00
Additional Paid-In Capital	4.6%	269	257	246	236	228
Accumulated Depreciation	13.0%	4.00	4.00	3.00	3.00	-
Shares Outstanding	0.4%	166	165	164	-	-

Cashflow (Last 12 Months)					(In Thousands)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-36.2%	-35,329	-25,948	7,161	42,311	66,437
Share Based Compensation	-4.2%	37,458	39,108	37,327	84,562	81,100
Cashflow From Investing	-7.1%	-5,848	-5,460	-3,916	-2,548	-2,712
Cashflow From Financing	16.0%	3,522	3,036	3,007	75,801	75,572

Risks for FIGS

What is the probability of a big loss on FIGS?

76.8%

Probability that FIGS stock will be more than 20% underwater in next one year

71.6%

Probability that FIGS stock will be more than 30% underwater in next one year.

70.5%

Probability that FIGS stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does FIGS drawdown profile look like?

Y-axis is the maximum loss one would have experienced if FIGS was unfortunately bought at previous high price.

Drawdowns

Returns for FIGS

Cumulative Returns on FIGS

Which funds bought or sold FIGS recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	reduced	-2.03	-21,075	79,925	-%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	23.46	4,150	562,150	-%
2023-03-06	Rockefeller Capital Management L.P.	new	-	33,000	33,000	-%
2023-02-28	Voya Investment Management LLC	reduced	-0.62	-77,301	330,699	-%
2023-02-27	Parallax Volatility Advisers, L.P.	reduced	-93.35	-65,298	3,702	-%
2023-02-24	SRS Capital Advisors, Inc.	sold off	-100	-8,000	-	-%
2023-02-21	MACQUARIE GROUP LTD	reduced	-47.12	-62,367,000	47,293,000	0.06%
2023-02-21	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	sold off	-100	-8,000	-	-%
2023-02-15	MetLife Investment Management, LLC	unchanged	-	-103,759	461,241	-%
2023-02-15	ALLIANCEBERNSTEIN L.P.	unchanged	-	-215,667	956,333	-%

Latest Funds Activity

Are funds buying FIGS calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own FIGS

No. of Funds

FIGS Alerts

1 major insider buys and 1 major insider sales recently.
Big fall in earnings (Y/Y)

FIGS News

Schedule 13G FIlings of FIGS

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	viking global investors lp	0.0%	0	SC 13G/A
Feb 14, 2023	bamco inc /ny/	8.83%	14,042,087	SC 13G/A
Feb 13, 2023	tulco, llc	0.0%	0	SC 13G/A
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 09, 2023	vanguard group inc	7.63%	12,145,636	SC 13G/A
Feb 07, 2023	hasson heather l.	9.15%	16,004,792	SC 13D/A
Feb 07, 2023	spear catherine eva	10.70%	19,050,936	SC 13D/A
Feb 07, 2023	blackrock inc.	6.5%	10,395,532	SC 13G
Feb 06, 2023	citadel advisors llc	5.7%	6	SC 13G
Jan 31, 2023	franklin resources inc	4.0%	6,321,172	SC 13G/A

FIGS Fair Value

Recent SEC filings of FIGS

View All Filings

Date Filed	Form Type	Document
Mar 21, 2023	SC 13D/A	13D - Major Acquisition
Mar 21, 2023	SC 13D/A	13D - Major Acquisition
Mar 08, 2023	4	Insider Trading
Mar 07, 2023	4	Insider Trading
Mar 07, 2023	4	Insider Trading
Mar 06, 2023	4	Insider Trading
Mar 01, 2023	S-8	Employee Benefits Plan
Feb 28, 2023	10-K	Annual Report
Feb 28, 2023	8-K	Current Report
Feb 14, 2023	SC 13G/A	Major Ownership Report

Latest Insider Trading transactions for FIGS

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-08	Spear Catherine Eva	bought	242,464	6.0616	40,000	chief executive officer
2023-03-07	Spear Catherine Eva	bought	4,736,920	6.3159	750,000	chief executive officer
2023-03-06	Spear Catherine Eva	sold	-	-	-169,076	chief executive officer
2023-03-06	Hasson Heather L.	sold	-	-	-102,143	executive chair
2023-03-03	Hasson Heather L.	sold	-484,628	6.9	-70,236	executive chair
2023-03-02	Turenshine Daniella	sold	-94,631	6.66	-14,209	chief financial officer
2023-02-04	Hasson Heather L.	sold (taxes)	-245,368	9.47	-25,910	executive chair
2022-12-02	Hasson Heather L.	sold	-	-	-169,076	executive chair
2022-12-02	Turenshine Daniella	sold	-105,380	7.71	-13,668	chief financial officer
2022-12-02	Spear Catherine Eva	sold	-	-	-169,076	chief executive officer

About FIGS

Heather L. Hasson

www.wearfigs.com

260

FIGS, Inc. operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States. It designs and sells healthcare apparel and other non-scrub offerings, such as lab coats, under scrubs, outerwear, activewear, loungewear, compression socks footwear, and masks. It also offers sports bras, performance leggings, tops, super-soft pima cotton tops, vests, and jackets. The company markets and sells its products through its digital platform comprising website and mobile app. FIGS, Inc. was founded in 2013 and is headquartered in Santa Monica, California.

FIGS Income Statement

2022-12-31

STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Net revenues	$ 505,835	$ 419,591	$ 263,112
Cost of goods sold	151,375	118,370	72,888
Gross profit	354,460	301,221	190,224
Operating expenses
Selling	118,449	81,923	51,896
Marketing	77,692	58,713	38,852
General and administrative	120,653	149,602	41,536
Total operating expenses	316,794	290,238	132,284
Net income from operations	37,666	10,983	57,940
Other income (loss), net
Interest income (expense)	1,708	(239)	136
Other expense	(647)	(885)	0
Total other income (loss), net	1,061	(1,124)	136
Net income before provision for income taxes	38,727	9,859	58,076
Provision for income taxes	17,541	19,415	8,318
Net income (loss) and comprehensive income (loss)	$ 21,186	$ (9,556)	$ 49,758
Earnings (loss) per share:
Basic earnings (loss) per share (in USD per share)	$ 0.13	$ (0.06)	$ 0.32
Diluted earnings (loss) per share (in USD per share)	$ 0.11	$ (0.06)	$ 0.30
Weighted Average Number of Shares Outstanding
Weighted-average shares outstanding—basic (in shares)	165,268,185	159,177,713	153,327,308
Weighted-average shares outstanding—diluted (in shares)	187,547,474	159,177,713	163,331,348

FIGS Balance Sheet

2022-12-31

BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 159,775	$ 195,374
Restricted cash	0	2,056
Accounts receivable	6,866	2,441
Inventory, net	177,976	86,068
Prepaid expenses and other current assets	11,883	7,400
Total current assets	356,500	293,339
Non-current assets
Property and equipment, net	11,024	7,613
Operating lease right-of-use assets	15,312
Deferred tax assets	10,971	10,239
Other assets	1,257	560
Total non-current assets	38,564	18,412
Total assets	395,064	311,751
Current liabilities
Accounts payable	20,906	14,604
Operating lease liabilities	3,408
Accrued expenses	26,164	24,677
Accrued compensation and benefits	3,415	6,464
Sales tax payable	3,374	3,728
Gift card liability	7,882	5,590
Deferred revenue	2,786	596
Returns reserve	3,458	2,761
Income tax payable	0	3,973
Total current liabilities	71,393	62,393
Non-current liabilities
Operating lease liabilities, non-current	15,756
Deferred rent and lease incentive	0	3,542
Other non-current liabilities	176	243
Total liabilities	87,325	66,178
Commitments and contingencies (Note 10)
Stockholders’ equity
Preferred stock — par value $0.0001 per share, 100,000,000 shares authorized as of December 31, 2022 and December 31, 2021; zero shares issued and outstanding as of December 31, 2022 and December 31, 2021	0	0
Additional paid-in capital	268,606	227,626
Retained earnings	39,117	17,931
Total stockholders’ equity	307,739	245,573
Total liabilities and stockholders’ equity	395,064	311,751
Class A Common Stock
Stockholders’ equity
Common stock	16	15
Class B Common Stock
Stockholders’ equity
Common stock	$ 0	$ 1