Shares of FIGS, Inc. (NYSE: FIGS) surged 6.78% in after-hours trading on Thursday following the release of the company's impressive third-quarter financial results and optimistic guidance for 2025. The healthcare apparel maker significantly outperformed analyst expectations, demonstrating robust growth and improved profitability.
FIGS reported quarterly earnings of $0.05 per share, surpassing the analyst consensus estimate of $0.02 by an impressive 212.5%. This marks a substantial turnaround from the $0.01 loss per share reported in the same period last year. The company's revenue also beat expectations, coming in at $151.7 million, 6.42% above the analyst consensus estimate of $142.5 million and representing an 8.2% year-over-year increase.
The strong performance was attributed to higher orders from both new and existing customers, as well as an increased average order value. FIGS' core scrubwear segment saw net revenues reach $127.0 million, up 8.4% from the previous year. The company also reported a significant improvement in profitability, with net income reaching $8.7 million and adjusted EBITDA of $18.9 million, resulting in an adjusted EBITDA margin of 12.4%. Looking ahead, FIGS projects net revenue growth of about 7.0% for 2025, further fueling investor optimism and contributing to the stock's after-hours rally.