Figs Inc(NYSE:FIGS) 
FIGS is an American healthcare apparel brand based in Santa Monica, California. The company sells scrubs that come in a variety of colors and styles, as well as a number of other products for healthcare professionals.
• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
• Beta:
• Return on Equity (ROE) ttm:
• Return on Assets (ROA) ttm:
• EPS ttm:
• Book value per Share:
• Cash per Share:
• Current ast per Share:
• P/E ttm:
• P/E forward:
• P/E ttm high:
• P/E ttm low:
• P/S ttm:
• P/B ttm:
• P/FCF ttm:
• PEG ratio:
• Cash Ratio ttm:
• Quick Ratio ttm:
• Current Ratio ttm:
• Gross Mgn ttm:
• EBITDA Mgn ttm:
• Operating Mgn ttm:
• Net Income Mgn ttm:
• Trailing Div yield:
• Forward Div yield:
• Payout Ratio ttm:
• Ex-Dividend date:
• Target Price High:
• Target Price Low:
• Target Price Mean:
• Number of Analysts:
• Debt Ratio ttm:
• Debt to Equity ttm:
• Total Net Debt:
At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
net revenues | 159,902,000 | 201,896,000 | 151,661,000 | 152,640,000 | 124,901,000 | 151,832,000 | 140,209,000 | 144,225,000 | 119,293,000 | 144,918,000 | 142,364,000 | 138,132,000 | 120,232,000 | 144,898,000 | 128,589,000 | 122,247,000 | 110,100,000 | 128,699,000 | 102,696,000 | 101,117,000 |
yoy | 28.02% | 32.97% | 8.17% | 5.83% | 4.70% | 4.77% | -1.51% | 4.41% | -0.78% | 0.01% | 10.71% | 12.99% | 9.20% | 12.59% | 25.21% | 20.90% | ||||
qoq | -20.80% | 33.12% | -0.64% | 22.21% | -17.74% | 8.29% | -2.78% | 20.90% | -17.68% | 1.79% | 3.06% | 14.89% | -17.02% | 12.68% | 5.19% | 11.03% | -14.45% | 25.32% | 1.56% | |
cost of goods sold | 51,604,000 | 74,830,000 | 45,593,000 | 50,394,000 | 40,442,000 | 49,636,000 | 46,181,000 | 46,961,000 | 37,156,000 | 47,058,000 | 44,971,000 | 42,098,000 | 34,556,000 | 46,050,000 | 37,756,000 | 35,899,000 | 31,670,000 | 38,696,000 | 27,991,000 | 26,964,000 |
gross profit | 108,298,000 | 127,066,000 | 106,068,000 | 102,246,000 | 84,459,000 | 102,196,000 | 94,028,000 | 97,264,000 | 82,137,000 | 97,860,000 | 97,393,000 | 96,034,000 | 85,676,000 | 98,848,000 | 90,833,000 | 86,348,000 | 78,430,000 | 90,003,000 | 74,705,000 | 74,153,000 |
yoy | 28.23% | 24.34% | 12.80% | 5.12% | 2.83% | 4.43% | -3.46% | 1.28% | -4.13% | -1.00% | 7.22% | 11.22% | 9.24% | 9.83% | 21.59% | 16.45% | ||||
qoq | -14.77% | 19.80% | 3.74% | 21.06% | -17.36% | 8.69% | -3.33% | 18.42% | -16.07% | 0.48% | 1.42% | 12.09% | -13.33% | 8.82% | 5.19% | 10.10% | -12.86% | 20.48% | 0.74% | |
gross margin % | 67.73% | 62.94% | 69.94% | 66.99% | 67.62% | 67.31% | 67.06% | 67.44% | 68.85% | 67.53% | 68.41% | 69.52% | 71.26% | 68.22% | 70.64% | 70.63% | 71.24% | 69.93% | 72.74% | 73.33% |
operating expenses | ||||||||||||||||||||
selling | 36,439,000 | 42,899,000 | 35,841,000 | 34,433,000 | 32,678,000 | 37,917,000 | 38,599,000 | 36,934,000 | 28,459,000 | 28,057,000 | 32,195,000 | 33,739,000 | 31,158,000 | 37,648,000 | 31,940,000 | 26,803,000 | 22,058,000 | 25,641,000 | 19,945,000 | 19,222,000 |
marketing | 29,493,000 | 28,326,000 | 23,472,000 | 23,151,000 | 18,156,000 | 19,788,000 | 28,529,000 | 23,003,000 | 17,246,000 | 20,129,000 | 19,012,000 | 20,889,000 | 17,064,000 | 21,429,000 | 20,031,000 | 20,824,000 | 15,408,000 | 16,606,000 | 15,779,000 | 15,488,000 |
general and administrative | 37,883,000 | 37,033,000 | 37,120,000 | 34,747,000 | 33,836,000 | 35,591,000 | 35,529,000 | 35,774,000 | 35,989,000 | 35,446,000 | 36,232,000 | 34,840,000 | 34,157,000 | 36,511,000 | 27,652,000 | 29,270,000 | 27,219,000 | 31,322,000 | 28,430,000 | 71,504,000 |
total operating expenses | 103,815,000 | 108,258,000 | 96,433,000 | 92,331,000 | 84,670,000 | 93,296,000 | 102,657,000 | 95,711,000 | 81,694,000 | 83,632,000 | 87,439,000 | 89,468,000 | 82,379,000 | 95,588,000 | 79,623,000 | 76,897,000 | 64,685,000 | 73,569,000 | 64,154,000 | 106,214,000 |
net income from operations | 4,483,000 | 18,808,000 | 9,635,000 | 9,915,000 | -211,000 | 8,900,000 | -8,629,000 | 1,553,000 | 443,000 | 14,228,000 | 9,954,000 | 6,566,000 | 3,297,000 | 3,260,000 | 11,210,000 | 9,451,000 | 13,745,000 | 16,434,000 | 10,551,000 | -32,061,000 |
other income | 307,000 | 9,000 | 841,000 | 2,000 | -2,750 | -6,000 | 1,000 | |||||||||||||
interest income | 2,239,000 | 2,238,000 | 2,315,000 | 2,119,000 | 2,076,000 | 2,639,000 | 2,926,000 | 2,830,000 | 2,847,000 | 2,281,000 | 1,901,000 | 1,521,000 | 1,072,000 | 1,025,000 | 604,000 | 70,000 | 9,000 | -63,000 | -110,000 | -31,000 |
other expense | -277,000 | -3,000 | -1,000 | -10,000 | -4,000 | -1,000 | -1,000 | -60,000 | -823,000 | |||||||||||
total other income | 1,962,000 | 2,545,000 | 2,324,000 | 2,116,000 | 2,075,000 | 3,480,000 | 2,928,000 | 2,830,000 | 2,837,000 | 2,279,000 | 1,895,000 | 1,517,000 | 1,071,000 | 378,000 | 605,000 | 70,000 | 8,000 | -123,000 | -933,000 | -31,000 |
net income before provision for income taxes | 6,445,000 | 21,353,000 | 11,959,000 | 12,031,000 | 1,864,000 | 12,380,000 | -5,701,000 | 4,383,000 | 3,280,000 | 16,507,000 | 11,849,000 | 8,083,000 | 4,368,000 | 3,638,000 | 11,815,000 | 9,521,000 | 13,753,000 | 16,311,000 | 9,618,000 | -32,092,000 |
provision for income taxes | 157,000 | 2,846,000 | 3,213,000 | 4,932,000 | 1,966,000 | 10,495,000 | -4,001,000 | 3,283,000 | 1,845,000 | 6,507,000 | 5,703,000 | 3,501,000 | 2,459,000 | 247,000 | 7,771,000 | 4,669,000 | 4,854,000 | 3,715,000 | 2,664,000 | 8,454,000 |
net income | 6,288,000 | 18,507,000 | 8,746,000 | 7,099,000 | -102,000 | 1,885,000 | -1,700,000 | 1,100,000 | 1,435,000 | 10,000,000 | 6,146,000 | 4,582,000 | ||||||||
yoy | -6264.71% | 881.80% | -614.47% | 545.36% | -107.11% | -81.15% | -127.66% | -75.99% | ||||||||||||
qoq | -66.02% | 111.61% | 23.20% | -7059.80% | -105.41% | -210.88% | -254.55% | -23.34% | -85.65% | 62.71% | 34.13% | |||||||||
net income margin % | 3.93% | 9.17% | 5.77% | 4.65% | -0.08% | 1.24% | -1.21% | 0.76% | 1.20% | 6.90% | 4.32% | 3.32% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
earnings attributable to class a and class b common stockholders | ||||||||||||||||||||
basic earnings per share | 0.04 | 0.11 | 0.05 | 0.04 | -0.01 | 0.01 | 0.01 | 0.05 | 0.04 | 0.03 | 0.01 | 0.02 | 0.02 | 0.03 | 0.05 | 0.08 | 0.04 | -0.26 | ||
diluted earnings per share | 0.03 | 0.1 | 0.05 | 0.04 | -0.01 | 0.01 | 0.01 | 0.05 | 0.03 | 0.02 | 0.01 | 0.02 | 0.02 | 0.03 | 0.05 | 0.08 | 0.03 | -0.26 | ||
weighted-average shares outstanding—basic | 166,460,085 | 163,462,072 | 163,665,566 | 162,683,329 | 162,465,988 | 169,201,983 | 170,168,732 | 170,393,480 | 169,923,479 | 168,065,721 | 168,668,844 | 167,423,656 | 166,773,335 | 165,268,185 | 165,543,067 | 164,919,979 | 164,406,142 | 159,177,713 | 161,348,021 | 156,867,484 |
weighted-average shares outstanding—diluted | 196,090,295 | 179,486,886 | 180,875,933 | 172,929,960 | 162,465,988 | 180,102,840 | 170,168,732 | 179,688,524 | 180,701,844 | 182,412,965 | 181,429,745 | 183,332,560 | 182,853,746 | 187,547,474 | 186,991,769 | 188,903,553 | 193,379,275 | 159,177,713 | 199,385,061 | 156,867,484 |
net income and comprehensive income | 1,909,000 | 3,391,000 | 4,044,000 | 4,852,000 | 8,899,000 | 12,596,000 | 6,954,000 | -40,546,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||
current assets | ||||||||||||||||||||
cash and cash equivalents | 74,304,000 | 81,985,000 | 46,454,000 | 50,849,000 | 90,008,000 | 85,645,000 | 124,103,000 | 131,811,000 | 155,328,000 | 144,173,000 | 182,951,000 | 146,730,000 | 155,877,000 | 159,775,000 | 155,582,000 | 170,220,000 | 189,401,000 | 195,374,000 | 180,648,000 | 163,968,000 |
short-term investments | 202,724,000 | 218,863,000 | 195,072,000 | 187,991,000 | 161,203,000 | 159,469,000 | 157,607,000 | 136,719,000 | 103,845,000 | 102,522,000 | 49,148,000 | 38,595,000 | ||||||||
accounts receivable | 5,240,000 | 6,271,000 | 12,218,000 | 9,125,000 | 6,554,000 | 8,625,000 | 10,499,000 | 12,719,000 | 5,413,000 | 7,469,000 | 6,316,000 | 6,269,000 | 3,781,000 | 6,866,000 | 8,368,000 | 5,078,000 | 2,910,000 | 2,441,000 | 4,765,000 | 3,934,000 |
inventory | 139,382,000 | 127,966,000 | 151,233,000 | 135,528,000 | 131,577,000 | 115,759,000 | 123,396,000 | 119,294,000 | 130,466,000 | 119,040,000 | 143,183,000 | 167,806,000 | 180,373,000 | 177,976,000 | 168,088,000 | 127,646,000 | 102,765,000 | 86,068,000 | 69,356,000 | 62,374,000 |
prepaid expenses and other current assets | 10,538,000 | 12,200,000 | 13,041,000 | 10,119,000 | 10,369,000 | 13,268,000 | 18,689,000 | 16,697,000 | 10,526,000 | 12,455,000 | 13,446,000 | 9,849,000 | 9,580,000 | 11,883,000 | 13,870,000 | 12,329,000 | 11,257,000 | 7,400,000 | 10,045,000 | 8,339,000 |
total current assets | 432,188,000 | 447,285,000 | 418,018,000 | 393,612,000 | 399,711,000 | 382,766,000 | 434,294,000 | 417,240,000 | 405,578,000 | 385,659,000 | 395,044,000 | 369,249,000 | 349,611,000 | 356,500,000 | 345,908,000 | 315,904,000 | 306,333,000 | 293,339,000 | 268,621,000 | 243,490,000 |
non-current assets | ||||||||||||||||||||
property and equipment | 33,144,000 | 33,938,000 | 33,565,000 | 33,109,000 | 34,119,000 | 35,274,000 | 35,395,000 | 35,266,000 | 28,054,000 | 24,864,000 | 16,306,000 | 11,399,000 | 11,241,000 | 11,024,000 | 10,823,000 | 8,809,000 | 7,719,000 | 7,613,000 | 7,363,000 | 6,908,000 |
operating lease right-of-use assets | 56,544,000 | 57,134,000 | 50,689,000 | 49,297,000 | 48,194,000 | 50,497,000 | 52,769,000 | 55,003,000 | 57,219,000 | 43,059,000 | 16,380,000 | 17,154,000 | 14,646,000 | 15,312,000 | 15,974,000 | 16,632,000 | 17,248,000 | |||
deferred tax assets | 12,181,000 | 12,187,000 | 13,098,000 | 11,541,000 | 10,648,000 | 11,643,000 | 17,870,000 | 16,300,000 | 18,040,000 | 18,291,000 | 12,812,000 | 11,955,000 | 11,411,000 | 10,971,000 | 11,215,000 | 10,554,000 | 10,645,000 | 10,239,000 | 7,957,000 | 3,354,000 |
investment in equity securities | 27,735,000 | 27,735,000 | 27,735,000 | 27,735,000 | 27,735,000 | 27,534,000 | ||||||||||||||
other assets | 1,650,000 | 1,717,000 | 1,633,000 | 1,830,000 | 1,907,000 | 2,073,000 | 2,160,000 | 2,214,000 | 2,047,000 | 1,336,000 | 1,239,000 | 1,258,000 | 1,195,000 | 1,257,000 | 1,738,000 | 1,747,000 | 745,000 | 560,000 | 584,000 | 502,000 |
total non-current assets | 131,254,000 | 132,711,000 | 126,720,000 | 123,512,000 | 122,603,000 | 127,021,000 | 108,194,000 | 108,783,000 | 105,360,000 | 87,550,000 | 46,737,000 | 41,766,000 | 38,493,000 | 38,564,000 | 39,750,000 | 37,742,000 | 36,357,000 | 18,412,000 | 15,904,000 | 10,764,000 |
total assets | 563,442,000 | 579,996,000 | 544,738,000 | 517,124,000 | 522,314,000 | 509,787,000 | 542,488,000 | 526,023,000 | 510,938,000 | 473,209,000 | 441,781,000 | 411,015,000 | 388,104,000 | 395,064,000 | 385,658,000 | 353,646,000 | 342,690,000 | 311,751,000 | 284,525,000 | 254,254,000 |
liabilities and stockholders’ equity | ||||||||||||||||||||
current liabilities | ||||||||||||||||||||
accounts payable | 7,775,000 | 18,187,000 | 5,345,000 | 19,023,000 | 10,736,000 | 9,401,000 | 27,399,000 | 19,910,000 | 22,216,000 | 14,749,000 | 15,014,000 | 11,933,000 | 8,571,000 | 20,906,000 | 21,162,000 | 10,608,000 | 17,010,000 | 14,604,000 | 13,977,000 | 16,472,000 |
operating lease liabilities | 8,265,000 | 8,175,000 | 9,448,000 | 9,548,000 | 11,599,000 | 10,596,000 | 11,849,000 | 11,749,000 | 9,233,000 | 8,230,000 | 3,997,000 | 3,818,000 | 3,437,000 | 3,408,000 | 3,379,000 | 3,004,000 | 2,806,000 | |||
accrued expenses | 35,664,000 | 20,529,000 | 34,189,000 | 22,236,000 | 54,224,000 | 42,316,000 | 29,036,000 | 21,610,000 | 16,604,000 | 7,906,000 | 16,145,000 | 17,990,000 | 21,270,000 | 26,164,000 | 32,365,000 | 27,839,000 | 24,200,000 | 24,677,000 | 21,783,000 | 15,315,000 |
accrued compensation and benefits | 4,853,000 | 17,194,000 | 12,404,000 | 7,379,000 | 5,071,000 | 5,689,000 | 5,407,000 | 4,104,000 | 4,329,000 | 7,312,000 | 6,681,000 | 4,366,000 | 3,646,000 | 3,415,000 | 5,216,000 | 3,470,000 | 4,093,000 | 6,464,000 | 6,116,000 | 4,144,000 |
sales tax payable | 4,927,000 | 4,266,000 | 3,730,000 | 3,502,000 | 3,756,000 | 3,705,000 | 4,250,000 | 3,217,000 | 3,392,000 | 3,149,000 | 4,048,000 | 2,953,000 | 3,706,000 | 3,374,000 | 3,703,000 | 3,786,000 | 4,335,000 | 3,728,000 | 5,435,000 | 3,912,000 |
gift card liability | 11,754,000 | 12,117,000 | 10,018,000 | 10,023,000 | 9,305,000 | 9,604,000 | 7,944,000 | 8,034,000 | 7,647,000 | 8,240,000 | 8,689,000 | 8,390,000 | 7,531,000 | 7,882,000 | 5,993,000 | 5,909,000 | 5,275,000 | 5,590,000 | 3,587,000 | 3,369,000 |
deferred revenue | 1,704,000 | 3,990,000 | 8,308,000 | 2,996,000 | 1,959,000 | 4,612,000 | 3,883,000 | 2,825,000 | 1,884,000 | 2,160,000 | 3,337,000 | 777,000 | 706,000 | 2,786,000 | 1,236,000 | 1,044,000 | 605,000 | 596,000 | 4,480,000 | 679,000 |
returns reserve | 3,958,000 | 4,171,000 | 3,217,000 | 3,002,000 | 3,701,000 | 3,873,000 | 4,632,000 | 3,514,000 | 2,707,000 | 2,989,000 | 2,640,000 | 3,314,000 | 3,502,000 | 3,458,000 | 3,424,000 | 2,374,000 | 2,528,000 | 2,761,000 | 3,200,000 | 2,128,000 |
income tax payable | 1,303,000 | 1,894,000 | 654,000 | 618,000 | 346,000 | 345,000 | 1,640,000 | 3,813,000 | 2,557,000 | 9,670,000 | 3,290,000 | 382,000 | 325,000 | 3,973,000 | 3,066,000 | 910,000 | ||||
total current liabilities | 80,203,000 | 90,523,000 | 86,659,000 | 78,363,000 | 100,969,000 | 90,142,000 | 94,745,000 | 76,603,000 | 71,825,000 | 57,292,000 | 70,221,000 | 56,831,000 | 52,751,000 | 71,393,000 | 76,478,000 | 58,034,000 | 61,177,000 | 62,393,000 | 61,644,000 | 46,929,000 |
non-current liabilities | ||||||||||||||||||||
operating lease liabilities, non-current | 52,336,000 | 51,829,000 | 44,667,000 | 42,147,000 | 39,726,000 | 42,430,000 | 44,050,000 | 47,532,000 | 49,055,000 | 38,884,000 | 16,190,000 | 17,086,000 | 14,984,000 | 15,756,000 | 16,520,000 | 17,267,000 | 17,969,000 | |||
other non-current liabilities | 263,000 | 182,000 | 83,000 | 83,000 | 83,000 | 83,000 | 183,000 | 183,000 | 183,000 | 183,000 | 176,000 | 176,000 | 176,000 | 176,000 | 215,000 | 215,000 | 243,000 | 243,000 | ||
total liabilities | 132,802,000 | 142,534,000 | 131,409,000 | 120,593,000 | 140,778,000 | 132,655,000 | 138,978,000 | 124,318,000 | 121,063,000 | 96,359,000 | 86,587,000 | 74,093,000 | 67,911,000 | 87,325,000 | 93,213,000 | 75,516,000 | 79,389,000 | 66,178,000 | 65,226,000 | 50,539,000 |
commitments and contingencies | ||||||||||||||||||||
stockholders’ equity | ||||||||||||||||||||
class a common stock — par value 0.0001... | 16,000 | 16,000 | 15,000 | 15,000 | 15,000 | 15,000 | 16,000 | 16,000 | 16,000 | 16,000 | 16,000 | 16,000 | 16,000 | 16,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 |
class b common stock — par value 0.0001... | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | ||||||||||||||
preferred stock — par value 0.0001... | ||||||||||||||||||||
additional paid-in capital | 325,715,000 | 338,526,000 | 332,935,000 | 324,975,000 | 317,173,000 | 312,622,000 | 340,684,000 | 337,447,000 | 326,696,000 | 315,075,000 | 303,428,000 | 291,306,000 | 279,151,000 | 268,606,000 | 256,703,000 | 246,432,000 | 236,455,000 | 227,626,000 | 213,948,000 | 205,318,000 |
accumulated other comprehensive income | -103,000 | 196,000 | 162,000 | 70,000 | -24,000 | 21,000 | 221,000 | -47,000 | -26,000 | 5,000 | ||||||||||
retained earnings | 105,012,000 | 98,724,000 | 80,217,000 | 71,471,000 | 64,372,000 | 64,474,000 | 62,589,000 | 64,289,000 | 63,189,000 | 61,754,000 | 51,754,000 | 45,608,000 | 41,026,000 | 39,117,000 | 35,726,000 | 31,682,000 | 26,830,000 | 17,931,000 | 5,335,000 | -1,619,000 |
total stockholders’ equity | 430,640,000 | 437,462,000 | 413,329,000 | 396,531,000 | 381,536,000 | 377,132,000 | 403,510,000 | 401,705,000 | 389,875,000 | 376,850,000 | 355,194,000 | 336,922,000 | 320,193,000 | 307,739,000 | 292,445,000 | 278,130,000 | 263,301,000 | 245,573,000 | 219,299,000 | 203,715,000 |
total liabilities and stockholders’ equity | 563,442,000 | 579,996,000 | 544,738,000 | 517,124,000 | 522,314,000 | 509,787,000 | 542,488,000 | 526,023,000 | 510,938,000 | 473,209,000 | 441,781,000 | 411,015,000 | 388,104,000 | 395,064,000 | 385,658,000 | 353,646,000 | 342,690,000 | 311,751,000 | 284,525,000 | 254,254,000 |
accumulated other comprehensive loss | -4,000 | -8,000 | ||||||||||||||||||
restricted cash | 2,056,000 | 3,306,000 | ||||||||||||||||||
deferred rent and lease incentive | 3,542,000 | 3,582,000 | 3,610,000 | |||||||||||||||||
due from related party | 631,000 | 501,000 | 4,875,000 | |||||||||||||||||
common stock — par value 0.0001... |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||||||||
net income | 6,288,000 | 18,507,000 | 8,746,000 | 7,099,000 | -102,000 | 1,885,000 | -1,700,000 | 1,100,000 | 1,435,000 | 10,000,000 | 6,146,000 | 4,582,000 | 1,909,000 | 3,391,000 | 4,044,000 | 4,852,000 | 8,899,000 | 12,596,000 | 6,954,000 |
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||
depreciation and amortization expense | 3,411,000 | 2,557,000 | 2,326,000 | 2,153,000 | 1,999,000 | 1,846,000 | 2,885,000 | 1,113,000 | 850,000 | 814,000 | 756,000 | 713,000 | 659,000 | 637,000 | 479,000 | 433,000 | 375,000 | 403,000 | 355,000 |
deferred income taxes | 6,000 | 911,000 | -1,557,000 | -893,000 | 995,000 | 6,227,000 | -1,570,000 | 1,740,000 | 251,000 | -5,479,000 | -857,000 | -544,000 | -440,000 | 244,000 | -661,000 | 91,000 | -406,000 | ||
non-cash operating lease cost | 2,391,000 | 2,614,000 | 2,577,000 | 2,502,000 | 2,303,000 | 2,272,000 | 2,234,000 | 2,216,000 | 1,761,000 | 725,000 | 774,000 | 698,000 | 666,000 | 662,000 | 658,000 | 687,000 | 374,000 | ||
stock-based compensation | 5,451,000 | 5,191,000 | 6,827,000 | 7,617,000 | 7,239,000 | 10,055,000 | 10,510,000 | 10,497,000 | 11,611,000 | 11,494,000 | 11,996,000 | 11,519,000 | 10,790,000 | 11,170,000 | 9,034,000 | 8,777,000 | 8,477,000 | 12,859,000 | 7,253,000 |
accretion of discount and accrued interest on available-for-sale securities | -337,000 | -746,000 | -892,000 | -976,000 | -1,113,000 | ||||||||||||||
realized gains on available-for-sale securities | -32,000 | ||||||||||||||||||
changes in operating assets and liabilities: | |||||||||||||||||||
accounts receivable | 1,031,000 | 5,871,000 | -3,131,000 | -2,464,000 | 2,078,000 | 1,811,000 | 2,220,000 | -7,306,000 | 2,056,000 | -1,153,000 | -47,000 | -2,488,000 | 3,085,000 | 1,502,000 | -3,290,000 | -2,168,000 | -469,000 | 2,324,000 | -831,000 |
inventory | -11,416,000 | 23,267,000 | -15,705,000 | -3,951,000 | -15,818,000 | 7,637,000 | -4,102,000 | 11,172,000 | -11,426,000 | 24,143,000 | 24,623,000 | 12,567,000 | -2,397,000 | -9,888,000 | -40,442,000 | -24,881,000 | -16,697,000 | -16,712,000 | -6,982,000 |
prepaid expenses and other current assets | 1,662,000 | 841,000 | -2,922,000 | 250,000 | 2,899,000 | 5,421,000 | -1,992,000 | -6,171,000 | 198,000 | 991,000 | -3,597,000 | -269,000 | 2,303,000 | 1,987,000 | -1,541,000 | -1,072,000 | -3,857,000 | 2,645,000 | -1,706,000 |
other assets | 67,000 | -84,000 | 197,000 | 77,000 | 166,000 | 87,000 | 54,000 | -167,000 | -711,000 | -97,000 | 19,000 | -63,000 | 62,000 | 481,000 | 9,000 | -502,000 | -185,000 | 36,000 | 97,000 |
accounts payable | -10,600,000 | 12,775,000 | -13,554,000 | 8,233,000 | 1,303,000 | -16,160,000 | 6,149,000 | -1,728,000 | 6,407,000 | -2,100,000 | 5,008,000 | 3,339,000 | -12,439,000 | -106,000 | 10,502,000 | -6,453,000 | 2,372,000 | 659,000 | -2,379,000 |
accrued expenses | 15,130,000 | -13,660,000 | 11,953,000 | -31,988,000 | 12,406,000 | 12,719,000 | 9,921,000 | 5,096,000 | 6,214,000 | -9,161,000 | -1,315,000 | -3,287,000 | -4,894,000 | -6,097,000 | 4,614,000 | 3,530,000 | -560,000 | 2,913,000 | 6,517,000 |
accrued compensation and benefits | -12,341,000 | 4,790,000 | 5,025,000 | 2,308,000 | -618,000 | 282,000 | 1,303,000 | -225,000 | -2,983,000 | 631,000 | 2,315,000 | 720,000 | 231,000 | -1,801,000 | 1,746,000 | -623,000 | -2,371,000 | 348,000 | 1,972,000 |
sales tax payable | 661,000 | 536,000 | 228,000 | -254,000 | 51,000 | -545,000 | 1,033,000 | -175,000 | 243,000 | -899,000 | 1,095,000 | -753,000 | 332,000 | -329,000 | -83,000 | -549,000 | 607,000 | -1,707,000 | 1,523,000 |
gift card liability | -363,000 | 2,099,000 | -5,000 | 718,000 | -299,000 | 1,660,000 | -90,000 | 387,000 | -593,000 | -449,000 | 299,000 | 859,000 | -351,000 | 1,889,000 | 84,000 | 634,000 | -315,000 | 2,003,000 | 218,000 |
deferred revenue | -2,286,000 | -4,318,000 | 5,312,000 | 1,037,000 | -2,653,000 | 729,000 | 1,058,000 | 941,000 | -276,000 | -1,177,000 | 2,560,000 | 71,000 | -2,080,000 | 1,550,000 | 192,000 | 439,000 | 9,000 | -3,884,000 | 3,801,000 |
returns reserve | -213,000 | 954,000 | 215,000 | -699,000 | -172,000 | -759,000 | 1,118,000 | 807,000 | -282,000 | 349,000 | -674,000 | -188,000 | 44,000 | 34,000 | 1,050,000 | -154,000 | -233,000 | -439,000 | 1,072,000 |
income tax payable | -591,000 | 1,894,000 | -654,000 | 36,000 | 272,000 | 1,000 | -1,295,000 | -2,173,000 | 1,256,000 | -7,113,000 | 6,380,000 | 2,908,000 | 382,000 | 0 | 0 | -325,000 | -3,648,000 | 1,467,000 | 2,156,000 |
operating lease liabilities | -1,204,000 | -3,170,000 | -1,549,000 | -3,235,000 | -1,701,000 | -2,873,000 | -3,382,000 | 993,000 | -3,016,000 | -477,000 | -717,000 | -723,000 | -743,000 | -735,000 | -372,000 | -575,000 | -389,000 | ||
other non-current liabilities | 81,000 | -39,000 | 0 | ||||||||||||||||
net cash from operating activities | -3,204,000 | 60,928,000 | 3,437,000 | -12,430,000 | 9,235,000 | 30,416,000 | 22,588,000 | 16,539,000 | 11,619,000 | 20,268,000 | 54,127,000 | 29,401,000 | -2,881,000 | 4,552,000 | -13,346,000 | -18,518,000 | -8,017,000 | 13,933,000 | 19,763,000 |
capital expenditures | -2,424,000 | -2,863,000 | -2,906,000 | -1,089,000 | -1,310,000 | -3,363,000 | -4,169,000 | -8,993,000 | -496,000 | -6,615,000 | -8,120,000 | -841,000 | -772,000 | -1,092,000 | -2,529,000 | -1,363,000 | -364,000 | -704,000 | -985,000 |
free cash flows | -5,628,000 | 58,065,000 | 531,000 | -13,519,000 | 7,925,000 | 27,053,000 | 18,419,000 | 7,546,000 | 11,123,000 | 13,653,000 | 46,007,000 | 28,560,000 | -3,653,000 | 3,460,000 | -15,875,000 | -19,881,000 | -8,381,000 | 13,229,000 | 18,778,000 |
cash flows from investing activities: | |||||||||||||||||||
purchases of property and equipment | -2,424,000 | -2,863,000 | -2,906,000 | -1,089,000 | -1,310,000 | -3,363,000 | -4,169,000 | -8,993,000 | -496,000 | -6,615,000 | -8,120,000 | -841,000 | -772,000 | -1,092,000 | -2,529,000 | -1,363,000 | -364,000 | -704,000 | -985,000 |
purchases of available-for-sale securities | -105,452,000 | -71,135,000 | -49,259,000 | -81,974,000 | -54,624,000 | -55,570,000 | -53,529,000 | -96,572,000 | -41,278,000 | -84,334,000 | -27,462,000 | ||||||||
maturities and sales of available-for-sale securities | 121,676,000 | ||||||||||||||||||
purchase of investment in equity securities | |||||||||||||||||||
net cash from investing activities | 13,800,000 | -25,898,000 | -8,965,000 | -26,914,000 | -2,184,000 | -31,117,000 | -23,023,000 | -40,310,000 | -474,000 | -59,199,000 | -18,032,000 | -39,184,000 | -772,000 | -1,092,000 | -2,529,000 | -1,863,000 | -364,000 | -704,000 | -985,000 |
cash flows from financing activities: | |||||||||||||||||||
repurchases of class a common stock | -8,799,000 | 0 | 0 | 0 | -2,688,000 | -38,177,000 | |||||||||||||
proceeds from stock option exercises and employee stock purchases | 295,000 | 400,000 | 1,133,000 | 170,000 | 4,000 | 254,000 | 10,000 | 153,000 | 126,000 | 636,000 | 1,000 | 733,000 | 1,237,000 | ||||||
payments for taxes related to net share settlement of equity awards | -9,758,000 | ||||||||||||||||||
net cash from financing activities | -18,262,000 | 401,000 | 1,133,000 | 185,000 | -2,688,000 | -37,757,000 | -7,273,000 | 254,000 | 10,000 | 153,000 | 126,000 | 636,000 | -245,000 | 733,000 | 1,237,000 | 1,200,000 | 352,000 | 247,000 | 1,208,000 |
effect of foreign currency exchange rate changes on cash and cash equivalents | -15,000 | ||||||||||||||||||
net increase in cash and cash equivalents | -7,681,000 | 4,363,000 | |||||||||||||||||
cash and cash equivalents, beginning of period | 81,985,000 | 0 | 0 | 144,173,000 | |||||||||||||||
cash and cash equivalents end of period | 74,304,000 | 35,531,000 | -4,395,000 | -39,159,000 | 90,008,000 | ||||||||||||||
supplemental disclosures: | |||||||||||||||||||
property and equipment included in accounts payable and accrued expenses | 260,000 | 54,000 | 70,000 | -1,638,000 | -1,155,000 | -668,000 | 3,997,000 | -1,851,000 | 2,151,000 | 30,000 | 123,000 | -254,000 | -36,000 | 160,000 | 149,000 | -51,000 | -164,000 | ||
maturities of available-for-sale securities | 48,100,000 | 43,200,000 | 56,149,000 | 53,951,000 | 55,350,000 | 34,675,000 | 65,255,000 | 41,300,000 | 31,750,000 | ||||||||||
tax payments related to net share settlements on restricted stock units | 0 | 0 | 0 | -246,000 | 0 | 0 | |||||||||||||
issuance of class a common stock upon vesting of restricted stock | |||||||||||||||||||
issuance of class a common stock in exchange for services | |||||||||||||||||||
net decrease in cash and cash equivalents | |||||||||||||||||||
cash paid for income taxes, net of refunds received | |||||||||||||||||||
other investing activities | 0 | 0 | -201,000 | ||||||||||||||||
net change in cash and cash equivalents | -4,395,000 | -7,708,000 | -23,517,000 | 11,155,000 | |||||||||||||||
cash and cash equivalents beginning of period | 0 | 0 | 85,645,000 | ||||||||||||||||
accretion of discount on available-for-sale securities | -1,406,000 | -1,612,000 | -1,347,000 | -1,376,000 | -781,000 | ||||||||||||||
accrued interest | -373,000 | -154,000 | |||||||||||||||||
purchases of held-to-maturity securities | 0 | 0 | |||||||||||||||||
proceeds from capital contributions | |||||||||||||||||||
net decrease in cash, cash equivalents, and restricted cash | |||||||||||||||||||
cash, cash equivalents, and restricted cash, beginning of period | 0 | 0 | 0 | 159,775,000 | 0 | 0 | 0 | 197,430,000 | 0 | ||||||||||
cash and cash equivalents, end of period | -7,708,000 | -23,517,000 | 155,328,000 | 36,221,000 | |||||||||||||||
lease assets obtained in exchange for new operating lease liabilities | 0 | 0 | 15,921,000 | 0 | |||||||||||||||
deferred rent and lease incentive | -40,000 | -28,000 | |||||||||||||||||
proceeds from issuance of class a common stock in initial public offering, net of underwriting discounts | 0 | 0 | |||||||||||||||||
payments of initial public offering issuance costs, net of reimbursements | 0 | 0 | |||||||||||||||||
payment of debt issuance and financing costs | |||||||||||||||||||
net increase in cash, cash equivalents, and restricted cash | -38,778,000 | 4,193,000 | -14,638,000 | -19,181,000 | -8,029,000 | 13,476,000 | |||||||||||||
cash, cash equivalents, and restricted cash, end of period | 4,193,000 | -14,638,000 | -19,181,000 | 189,401,000 | 13,476,000 | ||||||||||||||
deferred offering costs recorded in stockholders’ equity upon initial public offering, net of related tax impacts | |||||||||||||||||||
capital contributions | 0 | ||||||||||||||||||
other | |||||||||||||||||||
due from related party | 4,374,000 | ||||||||||||||||||
net change in cash, cash equivalents, and restricted cash | -3,898,000 | ||||||||||||||||||
cash, cash equivalents, end of period | 155,877,000 | ||||||||||||||||||
loss on disposal of property and equipment | |||||||||||||||||||
cash and cash equivalents | |||||||||||||||||||
restricted cash | |||||||||||||||||||
total cash, cash equivalents, and restricted cash | |||||||||||||||||||
payments of debt issuance costs | |||||||||||||||||||
deferred offering costs included in accounts payable and accrued expenses | |||||||||||||||||||
proceeds from stock option exercises | 352,000 | 259,000 | 76,000 | ||||||||||||||||
benefit for deferred income taxes | -2,282,000 | ||||||||||||||||||
cash paid for interest | |||||||||||||||||||
deferred offering costs recorded in stockholders' equity upon initial public offering, net of related tax impacts | |||||||||||||||||||
deferred offering costs recorded in stockholders' equity upon initial public offering | 0 | ||||||||||||||||||
provision for deferred income taxes |