FIGS Q3 revenue rises 26% on increase in orders, higher AOV
FIGS•FIGS reported third-quarter revenue of $190.70 million, up 26% year over year and above the $180.20 million consensus estimate. It raised its fiscal 2026 revenue growth outlook to about 23.5% and expects an adjusted EBITDA margin of approximately 15.8%.
1. Quarterly results
FIGS said third-quarter revenue rose 26% to $190.70 million, beating the $180.20 million analyst estimate. Adjusted EBITDA was $31.51 million, above the $25.58 million estimate, with a 16.5% margin; net income was $19.30 million. The company attributed revenue growth to increased order volume and higher average order value.
2. Growth outlook
FIGS raised its fiscal 2026 net revenue growth outlook to about 23.5% and expects an adjusted EBITDA margin of approximately 15.8%. International net revenue rose 51% year over year, while pricing, product mix, and lower discount and return rates contributed to higher average order value. The company said it was off to a strong start in the fourth quarter and saw momentum into 2027.
