Figs (FIGS) Q4 Earnings Report Preview: What To Look For

Healthcare apparel company Figs (NYSE:FIGS) will be announcing earnings results this Thursday afternoon. Here’s what to look for.

Figs beat analysts’ revenue expectations last quarter, reporting revenues of $151.7 million, up 8.2% year on year. It was an incredible quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates. It reported 2.78 million active customers, up 4% year on year.

Is Figs a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Figs’s revenue to grow 9.2% year on year, improving from the 4.8% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Figs has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Figs’s peers in the consumer discretionary - apparel and accessories segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Tapestry delivered year-on-year revenue growth of 14%, beating analysts’ expectations by 7.7%, and Under Armour reported a revenue decline of 5.2%, topping estimates by 1.2%. Tapestry traded up 17.1% following the results while Under Armour was also up 25.2%.

Read our full analysis of Tapestry’s results here and Under Armour’s results here.

The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the consumer discretionary - apparel and accessories stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.3% on average over the last month. Figs is down 4.5% during the same time and is heading into earnings with an average analyst price target of $10.42 (compared to the current share price of $10.75).

Today’s young investors won’t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.