Figs(NYSE) FIGS

FIGS, Inc. makes technical clothing for healthcare professionals. These products help medical workers feel comfortable during long shifts. The company sells medical scrubs directly through its digital platform.

More Than Just Scrubs

• Scrubwear: Technical medical uniforms designed for comfort, durability, and function.
• Non-scrubwear Apparel: Items including lab coats, underscrubs, leggings, and performance outerwear.
• Footwear and Accessories: Specialized shoes, compression socks, and masks for healthcare environments.

Growing the Healthcare Community

• Increased the share repurchase program to a total of $200 million on Aug. 6, 2026.
• Launched the 2026 Winter Olympics marketing campaign to increase brand visibility.
• Expanded physical retail presence through the opening of Community Hubs.
• Shifted production to other manufacturing partners following a trade order on Jordanian garments in June 2026.

A New Way to Sell

The company utilizes a data-driven digital platform to manage customer relationships and product development. This direct-to-consumer model bypasses traditional medical apparel distributors and emphasizes brand loyalty within the healthcare profession.

Key Financial Facts for 2026

• Net revenues reached $196.6 million in the three months ended June 30, 2026, up 28.8% year over year.
• Active customers grew to 3.1 million as of June 30, 2026, an increase of 13.2% year over year.
• Gross margin rose to 75.2% in the three months ended June 30, 2026, up 8.2 percentage points year over year.
• Free cash flow was $38.6 million for the six-month period ended June 30, 2026.
• The company recorded a $16.0 million tariff refund receivable as of June 30, 2026.

Bottom Line

FIGS has transformed medical uniforms from basic commodities into a branded lifestyle category. By focusing on direct digital sales and professional community engagement, it continues to scale its presence in the global healthcare apparel market.