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How FIGS, Inc. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$631M · 100%Cost of revenue$211M · 33%Gross profit$420M · 67%Operating income$38.1M · 6%Income before tax$47.2M · 7%Income tax$13M · 2%Net income$34.3M · 5%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$631M100%
  • 10-K · FY 2025Filing detailsAccession 0001628280-26-012333 · filed Feb 26, 2026
Cost of revenue$211M33%
  • 10-K · FY 2025Filing detailsAccession 0001628280-26-012333 · filed Feb 26, 2026
$420M67%
  • 10-K · FY 2025Filing detailsAccession 0001628280-26-012333 · filed Feb 26, 2026
$38.1M6%
  • 10-K · FY 2025Filing detailsAccession 0001628280-26-012333 · filed Feb 26, 2026
Income before tax$47.2M7%
  • 10-K · FY 2025Filing detailsAccession 0001628280-26-012333 · filed Feb 26, 2026
Income tax$13M2%
  • 10-K · FY 2025Filing detailsAccession 0001628280-26-012333 · filed Feb 26, 2026
$34.3M5%
  • 10-K · FY 2025Filing detailsAccession 0001628280-26-012333 · filed Feb 26, 2026
Source:
  • 10-K · FY 2025Filing detailsAccession 0001628280-26-012333 · filed Feb 26, 2026
· event Dec 31, 2025 · retrieved Oct 15, 2026 · annual-row source set
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