FIGS, Inc. (NYSE: FIGS) has built a rare position in retail: a founder-led, direct-to-consumer brand that is simultaneously fashion-forward and mission-driven, with a loyal base of healthcare professionals who treat their scrubs almost like a uniformed fan club. The company designs technically advanced apparel that blends comfort, durability, function and style, and it increasingly wraps that product around a lifestyle and community narrative rather than a simple transaction.
That strategy matters as FIGS heads into its next earnings catalyst, with the company set to release fourth quarter and full-year 2025 results on February 26, 2026, followed by a conference call and webcast that will update investors on its growth and margin trajectory.
Earnings on Deck: A Scrub Check for the Business
FIGS plans to report its Q4 and full-year 2025 results after the U.S. market close on February 26, 2026, with management hosting an earnings call the same afternoon at 2:00 p.m. PT / 5:00 p.m. ET. Ahead of the call, the company will post a financial highlights presentation on its investor relations site, a now-standard practice that gives investors a structured look at key metrics, margins and strategic priorities.
Recent commentary around its 2025 trajectory has emphasized healthy gross margins approaching 70%, disciplined promotional activity, and operating leverage as the company laps prior-year investments in SG&A. Management has also pointed to improving trends in new customer acquisition and average order value, supported by product mix refinement and more efficient returns and logistics operations.
From Scrubs to Spotlight: FIGS Steps Onto the Olympic Stage
If you want a tell on where FIGS sees its brand going, consider its latest headline partnerships rather than its SKU count. The company recently announced a collaboration with skiing legend Lindsey Vonn tied to her ultimate comeback at the 2026 Milano Cortina Winter Olympics, extending FIGS’ reach from emergency rooms to the Olympic arena. In parallel, FIGS has become the first-ever brand to outfit the Team USA Medical Team at an Olympic and Paralympic Winter Games, putting its healthcare-first identity literally on the global stage.
These moves do more than sell scrubs; they signal a deliberate push to anchor FIGS as the default uniform for elite caregivers, whether in hospitals or high-performance sports environments. For a brand that trades on trust, utility and community, aligning with the medical professionals behind Team USA offers credibility that no billboard could match, while Lindsey Vonn’s comeback narrative mirrors the resilience of the company’s core customer base.
Community, TEAMS and Hubs: Infrastructure Behind the Brand Glow
Beneath the headline partnerships, FIGS has been investing in infrastructure that aims to turn episodic demand into durable, system-level relationships. The company’s TEAMS platform targets institutional buyers and healthcare systems, designed to capture legacy uniform programs and nudge them toward modern, customizable solutions. Management has been adding talent to nurture existing institutional relationships and cultivate new ones, while deploying updated technology to make ordering and customization more seamless.
At the same time, FIGS has been rolling out Community Hubs, physical touchpoints that support brand storytelling, product discovery and deeper engagement with healthcare professionals. Capital expenditures have included investments in three new hubs, which the company sees as a foundation for long-term growth, international expansion and a broader lifestyle positioning around healthcare workers.
The Investment Angle: A Brand in “Healthy Condition”
For investors, FIGS’ recent press flow sketches the outline of a company moving from category disruptor to category standard-bearer. The upcoming Q4 and full-year 2025 earnings release will update the scorecard on net revenue growth, adjusted EBITDA margins and cash deployment after a year of tighter promotions and operational optimization. Meanwhile, partnerships with Lindsey Vonn and the Team USA Medical Team suggest a brand that is increasingly comfortable competing for cultural mindshare, not just closet space.
It’s a combination that, if executed well, could leave FIGS with what many retailers covet but few achieve: a high-margin, direct-to-consumer engine wrapped around a community that proudly wears the logo to work every day. In Wall Street terms, FIGS is effectively trying to prove that “premium” and “practical” can coexist on the same income statement—and, judging by its latest moves, it seems determined to keep those numbers, and those scrubs, neatly pressed.
The Sources
[1] FIGS Announces Date of Fourth Quarter and Full Year 2025 … https://www.barchart.com/story/news/57040/figs-announces-date-of-fourth-quarter-and-full-year-2025-earnings-release-conference-call-and-webcast
[2] FIGS Announces Date of Fourth Quarter and Full Year 2025 … https://www.businesswire.com/news/home/20260205963664/en/FIGS-Announces-Date-of-Fourth-Quarter-and-Full-Year-2025-Earnings-Release-Conference-Call-and-Webcast
[3] FIGS Fourth Quarter Fiscal 2025 Earnings Conference Call https://ir.wearfigs.com/events-and-presentations/event-details/2026/FIGS-Fourth-Quarter-Fiscal-2025-Earnings-Conference-Call/default.aspx
[4] Quarterly Results – Financials – FIGS, Inc. https://ir.wearfigs.com/financials/quarterly-results/default.aspx
[5] [PDF] FIGS, Inc. (FIGS) https://s202.q4cdn.com/315845995/files/doc_financials/2025/q3/FIGS-3Q25-Transcript.pdf
[6] News – FIGS, Inc. https://ir.wearfigs.com/news/default.aspx
[7] FIGS, Inc. – Investor Relations https://ir.wearfigs.com/overview/default.aspx
[8] FIGS, Inc. (FIGS) Latest Press Releases & Corporate News https://finance.yahoo.com/quote/FIGS/press-releases/
[9] FIGS Inc. published an update to their financial calendar https://www.itiger.com/news/2609281581
[10] FIGS Announces Date of Fourth Quarter and Full Year 2025 … https://ir.wearfigs.com/news/news-details/2026/FIGS-Announces-Date-of-Fourth-Quarter-and-Full-Year-2025-Earnings-Release-Conference-Call-and-Webcast/default.aspx
[11] FIGS, Inc. Class A Common Stock (FIGS) Press Releases | Nasdaq https://www.nasdaq.com/market-activity/stocks/figs/press-releases
[12] FIGS Releases Fourth Quarter and Full Year 2021 Financial Results https://www.sec.gov/Archives/edgar/data/1846576/000095017022003127/figs-ex99_1.htm
[13] Stock Info https://ir.wearfigs.com/stock-info/default.aspx
[14] FIGS insider plans sale of 22,690 Class A shares | FIGS SEC Filing https://www.stocktitan.net/sec-filings/FIGS/144-figs-inc-sec-filing-753cef15bad1.html
[15] FIGS Announces Date of Fourth Quarter and Full Year 2025 … https://finance.yahoo.com/news/figs-announces-date-fourth-quarter-210500173.html
