FIGS Q2 FY26 net income more than doubles to $28.4 million; net revenue rises 28.8% to $196.6 million

• FIGS posted Q2 2026 net income of $28.4 million, or $0.15 per diluted share, up from $7.1 million, or $0.04.
• Net revenues rose 28.8% year over year to $196.6 million, driven by more orders and higher average order value.
• Gross margin widened 8.2 percentage points to 75.2%, helped by IEEPA tariff refunds and pricing, partly offset by higher tariffs.
• Non-GAAP adjusted EBITDA climbed to $36.6 million from $19.7 million, lifting margin to 18.6% from 12.9%.
• Board increased share repurchase authorization by $100 million; FIGS raised 2026 outlook to about 20% net revenues growth.

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