• EN

    • -+ 0.00%
    -+ 0.00%
    -+ 0.00%

    What FIGS (FIGS)'s Upcoming Earnings Report Means For Shareholders

    Simply Wall St·10/30/2026 14:40:24
    Listen to the news
    • FIGS is scheduled to report quarterly results for the period ended September 2026 on November 5, with current expectations pointing to year over year earnings and revenue growth.
    • The focus now is on how FIGS converts reported demand for its healthcare apparel into actual orders without eroding its historically strong gross margin profile.
    • We will now assess how FIGS' anticipated year over year earnings growth could shape the investment narrative investors are using to judge the stock.

    Scan beyond FIGS and see which other healthcare and apparel players are priced for a potential earnings surprise in our hand picked 30 high quality undervalued stocks.

    FIGS Investment Narrative Recap

    To own FIGS, you need to believe the business can keep turning a growing base of healthcare professionals into loyal, repeat buyers while protecting its historically strong gross margins. The upcoming earnings report is mostly about proof of execution. Stronger revenue without clear evidence of cost control would not solve concerns around freight, tariffs and reliance on key suppliers.

    The key short term catalyst is how efficiently FIGS turns that reported demand into actual orders with healthy unit economics. The main risk remains that higher freight and tariff costs, combined with any fresh supply chain disruption, squeeze profitability just as the company is investing in new categories and global reach.

    The most relevant piece of recent news for FIGS is the expectation of higher earnings and revenue for the September quarter, with the report due on November 5. That update lands right on the pressure point for the story, which is whether the brand can grow while keeping its shipping, sourcing and fulfillment footprint working smoothly.

    If results show FIGS adding to its 3.1 million active customers and maintaining its gross margin profile, investors get more comfort that international and non scrub categories can scale without damaging returns. Any sign that freight surcharges, tariffs or supply bottlenecks are eroding that margin, even alongside healthy demand, would keep risk around execution elevated.

    FIGS' current analyst narrative points to revenues of US$948.0 million and earnings of US$78.0 million by 2029, based on an assumed 10.1% yearly revenue growth rate. That outlook implies earnings would need to rise by about US$16.1 million from US$61.9 million today to reach the consensus target.

    Uncover why FIGS' fair value indicates a 14% potential downside to its current price, suggesting a valuation premium that may not hold.

    NYSE:FIGS 1-Year Stock Price Chart
    NYSE:FIGS 1-Year Stock Price Chart

    Exploring Other Perspectives

    Some of the most optimistic FIGS analysts focus less on tariffs and freight and more on what happens if the Teams channel really scales. Before this earnings update, the bullish group was penciling in about US$962.7 million of revenue and US$76.6 million of earnings by 2029, which is far more upbeat than consensus. Those views were formed before the upcoming report, so treat this quarter as a live test of which narrative gains traction and explore a few different angles before making your own call.

    Explore 4 other FIGS fair value estimates, including one that suggests it could be worth as much as $22.00.

    The Verdict Is Yours

    Don't just follow the ticker; dig into the data and build a conviction that's truly your own.

    Looking for more FIGS investment ideas?

    If this FIGS storyline has you thinking about portfolio upgrades, broaden your watchlist by using the Simply Wall St Screener to surface other companies with different risk and return profiles.