Figs (FIGS) Hits New High on Stellar Earnings, Double-Digit Growth Outlook
We recently published Wall Street Can’t Keep Up: 10 Big Names on a High. Figs Inc. (NYSE:FIGS) was one of the best performers on Thursday.
Figs Inc. soared to a nearly four-year high on Thursday, as investors cheered its stellar performance last year, coupled with a double-digit revenue growth outlook this year.
At intra-day trading, the stock hit its highest price of $12.66 before paring gains to finish the session just up by 13.78 percent at $12.47 apiece.
In an updated report, Figs Inc. (NYSE:FIGS) said that net income last year increased by 1,159 percent to $34.25 million from only $2.72 million in 2024, while revenues jumped by 13.7 percent to $631 million from $555 million, on the back of higher orders from new and existing customers, as well as average order value.
In the fourth quarter alone, net profit climbed by 884 percent to $18.5 million from $1.88 million, while net revenues increased by 33 percent to $201.9 million from $151.8 million.
For full-year 2026, Figs Inc. (NYSE:FIGS) is expecting to continue a double-digit growth of 10 to 12 percent in net revenues, versus 2025. Adjusted EBITDA margin is also pegged at 12.7 percent to 12.9 percent.
“Our success positions us for a great 2026 with continuing growth from the core foundational elements of our business, as well as from International, TEAMS and Community Hubs. Given our momentum and while still adopting a prudent mindset, we expect top-line growth in 2026 of 10-12 percent, including growth in the low-20 percent range for Q1. At the same time, we expect increased profitability, even with the latest announcement calling for 15 percent global tariffs,” Figs Inc. (NYSE:FIGS) CFO Sarah Oughtred said.
While we acknowledge the potential of FIGS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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