Equity Profile

FIGS

FIGS, Inc.

Consumer DiscretionaryApparel, Accessories & Luxury Goods$2.0B

Aug6Thu

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

FIGS, Inc. is a company in the consumer discretionary sector that specializes in high-quality medical scrubs and apparel for healthcare professionals....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well FIGS is managing its costs and generating profit.

$0.03

Revenue Growth

Revenue growth is crucial for understanding the company's ability to expand its market share and attract new customers.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

FIGS Q2-2026 Earnings Preview

Context

Company Snapshot

FIGS, Inc. is a company in the consumer discretionary sector that specializes in high-quality medical scrubs and apparel for healthcare professionals. With a market cap of $2 billion, FIGS has gained attention for its focus on comfort and style in a traditionally utilitarian market, appealing to a growing demand for premium healthcare apparel.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+140.61%

Avg Stock Reaction

+3.75%

Last Quarter Recap

In Q1 2026, FIGS reported an EPS of $0.03, significantly surpassing the estimated $0.01, marking a 130.77% surprise. The stock reacted positively, increasing by 6.00% the following day.

Management Promises & Guidance

Continue to focus on expanding product lines.
Enhance customer engagement through digital marketing.
Maintain high-quality standards in manufacturing.

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about FIGS's upcoming earnings, especially given its strong track record of beating EPS estimates. However, there is uncertainty regarding revenue growth and market conditions.

Bull Case

If FIGS continues its trend of beating EPS estimates and shows strong revenue growth, it could solidify its position in the market and drive stock prices higher.

Bear Case

On the other hand, if FIGS fails to meet expectations or shows signs of slowing growth, it could lead to a significant drop in stock price.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.03

EPS is a key indicator of profitability and will show how well FIGS is managing its costs and generating profit.

Revenue Growth

N/A

Revenue growth is crucial for understanding the company's ability to expand its market share and attract new customers.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will FIGS report revenue growth that meets or exceeds previous quarters?

Revenue growth is critical to sustaining investor confidence and could impact stock performance significantly.

How will management address potential challenges in the competitive apparel market?

Management's insights on competition will be crucial for understanding FIGS's strategy moving forward and its ability to maintain market share.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating FIGS's ability to capture market share in a growing healthcare apparel market, despite potential headwinds.

Supporting Evidence

FIGS has consistently beaten EPS estimates, indicating strong operational management.

The options market is pricing in a significant move, suggesting traders expect a positive surprise.

Management's focus on digital marketing could drive customer engagement and sales.

Key Risk

If revenue growth comes in below expectations, it could challenge the current bullish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing FIGS's ability to continue its growth trajectory against potential headwinds in the apparel sector.

Bull Confirmed If

Revenue growth of at least 10% year-over-year would confirm the bull case.

Bear Confirmed If

Any revenue decline or stagnation would support the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±36.59%

Historical Avg

±4.5%

Pricing rich

The options market is pricing in a large potential move, indicating that traders expect significant volatility around the earnings report.

Options are pricing ±30.8% while FIGS has averaged ±4.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.6%

30d HV

98.6%

Calls (21K)P/C Ratio: 0.73Puts (2K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If FIGS beats expectations, history suggests the stock could rise by about 3.79%, confirming strong operational performance.

In-Line / Cautious

If results are in line but management is cautious, the stock may see little movement as investors digest the commentary.

Miss

If FIGS misses expectations, history suggests a potential decline of around 0.79%, raising concerns about future growth.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches and their expected impact on sales.
2Insights into customer acquisition strategies and digital marketing effectiveness.
3Management's outlook on competitive pressures in the apparel market.
4Details on supply chain management and any potential disruptions.
5Any commentary on customer feedback and satisfaction levels.

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Company Snapshot

FIGS, Inc. is a company in the consumer discretionary sector that specializes in high-quality medical scrubs and apparel for healthcare professionals....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well FIGS is managing its costs and generating profit.

$0.03

Revenue Growth

Revenue growth is crucial for understanding the company's ability to expand its market share and attract new customers.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

FIGS Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+140.61%

Avg Stock Reaction

+3.75%

Last Quarter Recap

In Q1 2026, FIGS reported an EPS of $0.03, significantly surpassing the estimated $0.01, marking a 130.77% surprise. The stock reacted positively, increasing by 6.00% the following day.

Management Promises & Guidance

Continue to focus on expanding product lines.
Enhance customer engagement through digital marketing.
Maintain high-quality standards in manufacturing.

Expectations

Wall Street Expectations

Bull Case

If FIGS continues its trend of beating EPS estimates and shows strong revenue growth, it could solidify its position in the market and drive stock prices higher.

Bear Case

On the other hand, if FIGS fails to meet expectations or shows signs of slowing growth, it could lead to a significant drop in stock price.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.03

EPS is a key indicator of profitability and will show how well FIGS is managing its costs and generating profit.

Revenue Growth

N/A

Revenue growth is crucial for understanding the company's ability to expand its market share and attract new customers.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will FIGS report revenue growth that meets or exceeds previous quarters?

Revenue growth is critical to sustaining investor confidence and could impact stock performance significantly.

How will management address potential challenges in the competitive apparel market?

Management's insights on competition will be crucial for understanding FIGS's strategy moving forward and its ability to maintain market share.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating FIGS's ability to capture market share in a growing healthcare apparel market, despite potential headwinds.

Supporting Evidence

FIGS has consistently beaten EPS estimates, indicating strong operational management.

The options market is pricing in a significant move, suggesting traders expect a positive surprise.

Management's focus on digital marketing could drive customer engagement and sales.

Key Risk

If revenue growth comes in below expectations, it could challenge the current bullish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing FIGS's ability to continue its growth trajectory against potential headwinds in the apparel sector.

Bull Confirmed If

Revenue growth of at least 10% year-over-year would confirm the bull case.

Bear Confirmed If

Any revenue decline or stagnation would support the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±36.59%

Historical Avg

±4.5%

Pricing rich

The options market is pricing in a large potential move, indicating that traders expect significant volatility around the earnings report.

Options are pricing ±30.8% while FIGS has averaged ±4.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.6%

30d HV

98.6%

Calls (21K)P/C Ratio: 0.73Puts (2K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If FIGS beats expectations, history suggests the stock could rise by about 3.79%, confirming strong operational performance.

In-Line / Cautious

If results are in line but management is cautious, the stock may see little movement as investors digest the commentary.

Miss

If FIGS misses expectations, history suggests a potential decline of around 0.79%, raising concerns about future growth.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches and their expected impact on sales.
2Insights into customer acquisition strategies and digital marketing effectiveness.
3Management's outlook on competitive pressures in the apparel market.
4Details on supply chain management and any potential disruptions.
5Any commentary on customer feedback and satisfaction levels.