FIGS

How much has FIGS raised?

FIGS should be analyzed as a public DTC apparel company. Its capital story is the 2021 IPO, public-market valuation, free cash flow, and debt-light operating model, not a current VC round history.

Public status
NYSE: FIGS
IPO
2021
Market cap
~$2.4B
FY2025 revenue
$631.1M
2025 FCF
$53.0M
Active customers
3.024M Q1 2026

FIGS's capital history

FIGS moved from startup brand to public DTC healthcare apparel company.

  1. 2013FoundedFIGS begins as a healthcare apparel startup.
  2. 2021IPO - NYSE: FIGSFIGS lists publicly and becomes a public DTC apparel company.
  3. 2025$631.1M revenueImproved revenue, profitability, and free cash flow strengthen public-market story.
  4. Q1 2026Outlook raisedStrong Q1 leads management to raise 2026 revenue-growth outlook.
  5. Jun 2026~$2.4B market capPublic equity value reflects renewed growth and DTC momentum.

Sources:FIGS FY2025 resultsFIGS Q1 2026 results

How much has FIGS raised in total?

A single total-raised number is not the right current view. FIGS is a public company, so IPO proceeds, free cash flow, public equity value, and balance-sheet flexibility are more relevant than a startup funding table.

Who are FIGS's investors?

FIGS's investor base is public-market shareholders, with founder leadership still central to the equity story. The company's financial credibility improved in 2025 as revenue growth, net income, adjusted EBITDA, and free cash flow all strengthened.

Why did the valuation move?

Valuation moves with active-customer growth, AOV, gross margin, marketing efficiency, inventory health, healthcare-professional brand loyalty, and evidence that international and non-scrubwear categories can scale.

Is FIGS profitable?

Yes. FIGS reported 2025 net income, adjusted EBITDA of $74.5M, and $53.0M of free cash flow, then delivered profitable Q1 2026 growth. The company is still lean, so discretionary vendor spend must show clear growth, margin, or operational impact.

What does FIGS funding mean if you sell into them?

The seller signal is a focused public DTC apparel company with improving growth and a small employee base. Good pitches map to ecommerce conversion, lifecycle marketing, personalization, fulfillment efficiency, inventory planning, retail/community hubs, and healthcare group programs.

As of June 2026.Sources:FIGS FY2025 resultsFIGS Q1 2026 resultsMarket data snapshot - June 2026

FIGS — frequently asked questions

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