Post-earnings recap
Reported
Thu, May 7, 2026
EPS actual
$0.03
EPS est.
$0.01
EPS surprise
+130.77%
1-day move
+6.00%
FIGS, Inc. reported better-than-expected earnings per share, which likely contributed to a 6% increase in the stock price. However, there was no revenue reported, making it difficult to assess overall performance. Investors may be encouraged by the EPS beat, but the lack of revenue data leaves some uncertainty.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $0.03 | $0.02 | +130.77% |
| Revenue | — | $153M | — |
No transcript is on record, and the analysis is based on numerical results only.
FIGS, Inc. is a consumer discretionary company specializing in high-quality medical scrubs and apparel. With a market cap of $2 billion, FIGS is positioned in the apparel and accessories industry, catering to healthcare professionals who seek stylish and functional workwear.
Last quarter
In Q4 2025, FIGS reported an EPS of $0.10, significantly exceeding expectations, which led to a positive market reaction with a 13.78% stock increase the following day. The company has consistently surprised analysts with better-than-expected earnings in recent quarters.
EPS beat streak
8Q
EPS beat rate
100%
Avg EPS surprise
+156.10%
Avg 1-day reaction
+3.69%
Analysts expect FIGS to report modest earnings growth this quarter, with a consensus EPS of $0.02 and revenue of $153 million. The stock's recent performance suggests that investors are cautiously optimistic.
Bull case
If FIGS beats earnings expectations again, it could signal strong demand for its products and lead to a positive reassessment of its growth potential.
Bear case
Conversely, if FIGS fails to meet expectations, it may raise concerns about its market position and growth trajectory, potentially leading to a sell-off.
Key metrics to watch
EPS
$0.02Earnings per share is a key indicator of profitability and investor sentiment.
Revenue
$153MRevenue growth reflects the company's ability to attract and retain customers in a competitive market.
The print will turn on these.
Q1
Will FIGS achieve an EPS of $0.02 or higher this quarter?
This EPS figure is critical as it will indicate whether the company can maintain its recent trend of exceeding earnings expectations.
Q2
What are the revenue figures for this quarter compared to the consensus of $153 million?
Revenue performance will provide insights into consumer demand and the company's market position, which are crucial for future growth.
—
Est. EPS
$0.97
Est. Rev
$754M
Impl. Move
±9.1%
Why consensus could be wrong
The Street may underestimate FIGS' ability to capitalize on rising healthcare spending and the ongoing trend of upgrading medical apparel.
Supporting evidence
FIGS has consistently beaten EPS estimates, indicating stronger operational performance than anticipated.
The options market is pricing a larger move than historical averages, suggesting that traders expect significant news.
Recent consumer trends show increased spending in healthcare, which could benefit FIGS more than analysts expect.
Key risk
If revenue comes in below $151 million, it could challenge the optimistic outlook for FIGS' growth.
Pre-commit to what would confirm each case.
The market is debating whether FIGS can sustain its growth momentum amidst increasing competition in the apparel sector.
Bull confirmed if
An EPS of $0.02 or better with revenue exceeding $153 million would confirm the bull case.
Bear confirmed if
An EPS below $0.01 or revenue significantly under $151 million would confirm the bear case.
What the market is pricing for the move.
Implied Move
±19.96%
Historical Avg
±4.4%
The options market is pricing in a significant move, indicating that traders expect volatility around the earnings announcement.
Options are pricing ±32.1% while FIGS has averaged ±4.4% over the last 8 prints — setup is pricing rich.
ATM IV
2.3%
30d HV
64.7%
Smart-money positioning from the most recent 13F filings.
Institutional
99.83%
of float
Insider
4.55%
of float
Holders
336
institutions
Top Holders· as of Jun 2026
BAMCO Inc.
59,959,449 sh · $843.0M
37.98%
Flat
Likely market behavior by outcome. Not investment advice.
Beat & raise
If FIGS beats expectations, history suggests the stock could rise by an average of 4.24%, confirming strong demand and growth potential.
In line / cautious
If results are in line with expectations, the stock may experience a muted reaction as investors await further guidance.
Miss
A miss could lead to a decline, with historical patterns suggesting an average drop of around 4.24%.
The lines on the call that would change the story.
Blackrock Inc.
8,543,033 sh · $120.1M
5.41%
9.0%
Driehaus Capital Management, LLC
5,161,238 sh · $72.6M
3.27%
23.6%
Vanguard Capital Management LLC
4,671,174 sh · $65.7M
2.96%
2.7%
Vanguard Portfolio Management LLC
4,392,854 sh · $61.8M
2.78%
7.3%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.