FIGS, Inc . closed the third quarter of 2025 with its strongest growth in two years, lifting its full‑year outlook as net revenues climbed to $151.7 million , up 8.2% year over year, and profitability improved sharply.
The healthcare apparel brand is benefiting from higher average order values, more full‑price selling, and a growing base of 2.8 million active customers. Q3 2025 headline numbers For the quarter ended September 30, 2025 , FIGS generated $151.7 million in net revenues, up 8.2% from $ 140.2 million
a year earlier, driven by more orders from both new and existing customers and higher AOV.
Net income reached $8.7 million , versus a $1.7 million net loss in the prior‑year period, translating to a 5.8% net margin compared with a negative 1.2% margin last year. Adjusted EBITDA rose to $18.9 million , up $14.1 million year over year, with adjusted EBITDA margin expanding to 12.4% from 3.4%.
Gross margin improved by 280 basis points to 69.9% , helped by fewer discounts, better returns processing, lower duties and freight, partly offset by higher tariffs. Scrubwear, non‑scrubwear, and geography mix Scrubwear's net revenues were $127.0 million , an 8.4% increase year over year, and remain the core of the business.
Non scrubwear net revenues reached $24.6 million , up 7.2% , reflecting continued traction in categories like outerwear, loungewear, and accessories. In the United States , net revenues rose 7.5% to $127.3 million , while international net revenues climbed 11.7% to $24.3 million , showing broad‑based demand outside the home market…
