For the year ending 2025-12-31, FIGS had -$3,660K decrease in cash & cash equivalents over the period. $53,002K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 34,250 | 2,720 | 22,637 | 21,186 |
| Depreciation and amortization expense | 9,035 | 6,694 | 2,942 | 1,924 |
| Deferred income taxes | -544 | 6,648 | -7,320 | -732 |
| Non-cash operating lease cost | 9,996 | 8,483 | 2,863 | 2,381 |
| Loss on disposal of property and equipment | - | - | - | 0 |
| Stock-based compensation | 26,874 | 42,673 | 45,799 | 37,458 |
| Accretion of discount and accrued interest on available-for-sale securities | -3,727 | -5,741 | -1,678 | - |
| Accrued interest | - | 758 | - | - |
| Accounts receivable | -2,354 | 1,219 | 603 | 4,425 |
| Inventory | 12,207 | -3,281 | -58,936 | 91,908 |
| Prepaid expenses and other current assets | -1,068 | 2,544 | 572 | 4,483 |
| Other assets | -356 | 737 | 79 | 197 |
| Accounts payable | 8,757 | -5,332 | -6,192 | 6,315 |
| Accrued expenses | -21,289 | 33,950 | -18,657 | 1,487 |
| Accrued compensation and benefits | 11,505 | -1,623 | 3,897 | 2,190 |
| Sales tax payable | 561 | 556 | -225 | -3,049 |
| Gift card liability | 2,513 | 1,364 | 358 | 697 |
| Deferred revenue | -622 | 2,452 | -626 | -354 |
| Returns reserve | 298 | 884 | -469 | -3,973 |
| Income tax payable | 1,548 | -2,211 | 2,557 | 2,292 |
| Deferred rent and lease incentive | - | - | 0 | 0 |
| Operating lease liabilities | -9,655 | -8,278 | -2,660 | -2,071 |
| Other non-current liabilities | 99 | -100 | 7 | -67 |
| Net cash provided by operating activities | 61,170 | 81,162 | 100,915 | -35,329 |
| Purchases of property and equipment | 8,168 | 17,021 | 16,348 | 5,348 |
| Purchases of available-for-sale securities | 256,992 | 246,949 | 150,139 | - |
| Maturities of available-for-sale securities | 201,400 | 196,580 | 49,300 | - |
| Purchases of held-to-maturity securities | - | 0 | 0 | 500 |
| Purchase of investment in equity securities | 201 | 27,534 | - | - |
| Net cash used in investing activities | -63,961 | -94,924 | -117,187 | -5,848 |
| Proceeds from issuance of class a common stock in initial public offering, net of underwriting discounts | - | - | 0 | 0 |
| Payments of initial public offering issuance costs, net of reimbursements | - | - | 0 | 0 |
| Payment of debt issuance and financing costs | - | - | 0 | 0 |
| Proceeds from capital contributions | - | 0 | 0 | 479 |
| Repurchases of class a common stock | 2,688 | 45,454 | - | - |
| Proceeds from stock option exercises and employee stock purchases | 1,718 | 438 | 916 | 3,043 |
| Tax payments related to net share settlements on restricted stock units | 0 | 0 | 246 | 0 |
| Issuance of class a common stock upon vesting of restricted stock | 1 | - | - | - |
| Issuance of class a common stock in exchange for services | 0 | 250 | - | - |
| Net cash (used in) provided by financing activities | -969 | -44,766 | 670 | 3,522 |
| Effect of foreign currency exchange rate changes on cash and cash equivalents | 100 | - | - | - |
| Net decrease in cash and cash equivalents | -3,660 | -58,528 | -15,602 | -37,655 |
| Cash and cash equivalents, beginning of period | 85,645 | 144,173 | 159,775 | 197,430 |
| Cash and cash equivalents end of period | 81,985 | 85,645 | 144,173 | 159,775 |
FIGS, Inc. (FIGS)
FIGS, Inc. (FIGS)