FIGS, Inc. (FIGS) FY2026 YTD Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-01-01 to 2026-06-30

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FIGS, Inc. cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $34,667,000.00Accrued expenses → Operating adjustments reconciliation: $19,000,000.00Stock-based compensation → Operating adjustments reconciliation: $12,181,000.00Inventory → Operating adjustments reconciliation: $8,409,000.00Depreciation and amortization expense → Operating adjustments reconciliation: $5,782,000.00Non-cash operating lease cost → Operating adjustments reconciliation: $4,959,000.00Other assets → Operating adjustments reconciliation: $478,000.00Gift card liability → Operating adjustments reconciliation: $379,000.00Issuance of Class A Common Stock in exchange for services → Operating adjustments reconciliation: $238,000.00Other non-current liabilities → Operating adjustments reconciliation: $82,000.00Deferred income taxes → Operating adjustments reconciliation: $12,000.00Operating adjustments reconciliation → Net cash from operating activities: $8,986,000.00Operating adjustments reconciliation → Accounts receivable: $17,022,000.00Operating adjustments reconciliation → Accounts payable: $9,190,000.00Operating adjustments reconciliation → Accrued compensation and benefits: $6,653,000.00Operating adjustments reconciliation → Operating lease liabilities: $4,137,000.00Operating adjustments reconciliation → Deferred revenue: $2,254,000.00Operating adjustments reconciliation → Prepaid expenses and other current assets: $1,587,000.00Operating adjustments reconciliation → Income tax payable: $872,000.00Operating adjustments reconciliation → Sales tax payable: $355,000.00Operating adjustments reconciliation → Accretion of discount and accrued interest on available-for-sale securities: $329,000.00Operating adjustments reconciliation → Returns reserve: $90,000.00Operating adjustments reconciliation → Realized gains on available-for-sale securities: $45,000.00Maturities and sales of available-for-sale securities → investing reconciliation: $201,861,000.00investing reconciliation → Net cash from investing activities: $24,724,000.00investing reconciliation → Purchases of available-for-sale securities: $170,734,000.00investing reconciliation → Purchases of property and equipment: $5,026,000.00investing reconciliation → Other investing activities: $1,377,000.00Net cash used in financing activities → financing reconciliation: $41,747,000.00Proceeds from stock option exercises and employee stock purchases → financing reconciliation: $830,000.00financing reconciliation → Repurchases of Class A Common Stock: $32,819,000.00financing reconciliation → Payments for taxes related to net share settlement of equity awards: $9,758,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $81,985,000.00Net cash from operating activities → Cash sources and uses: $43,653,000.00Net cash from investing activities → Cash sources and uses: $24,724,000.00Cash sources and uses → Exchange-rate effect: $76,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $108,539,000.00Cash sources and uses → Net cash used in financing activities: $41,747,000.00Net income: $34,667,000.00Net income+$34.67 MIssuance of Class A Common Stock in exchange for services: $238,000.00Stock & warrants for services+$238.00 KDepreciation and amortization expense: $5,782,000.00Depreciation & amortization+$5.78 MDeferred income taxes: $12,000.00Deferred income taxes+$12.00 KNon-cash operating lease cost: $4,959,000.00Operating lease amortization+$4.96 MStock-based compensation: $12,181,000.00Stock-based compensation+$12.18 MAccretion of discount and accrued interest on available-for-sale securities: -$329,000.00AFS discount & interest accretion−$329.00 KRealized gains on available-for-sale securities: -$45,000.00AFS securities gains−$45.00 KAccounts receivable: -$17,022,000.00Accounts receivable−$17.02 MInventory: $8,409,000.00Inventories+$8.41 MPrepaid expenses and other current assets: -$1,587,000.00Prepaid & other assets−$1.59 MOther assets: $478,000.00Other current assets+$478.00 KAccounts payable: -$9,190,000.00Accounts payable−$9.19 MAccrued expenses: $19,000,000.00Accrued compensation+$19.00 MAccrued compensation and benefits: -$6,653,000.00Deferred revenue−$6.65 MSales tax payable: -$355,000.00Accrued liabilities−$355.00 KGift card liability: $379,000.00Gift card liability+$379.00 KDeferred revenue: -$2,254,000.00Deferred revenue−$2.25 MReturns reserve: -$90,000.00Income taxes payable−$90.00 KIncome tax payable: -$872,000.00Income tax payable−$872.00 KOperating lease liabilities: -$4,137,000.00Operating lease liabilities−$4.14 MOther non-current liabilities: $82,000.00Other noncurrent liabilities+$82.00 KNet cash from operating activities: $43,653,000.00Operating cash+$43.65 MOperating adjustments reconciliation: $51,520,000.00Repurchases of Class A Common Stock: -$32,819,000.00Common stock repurchases−$32.82 MProceeds from stock option exercises and employee stock purchases: $830,000.00Stock option exercises+$830.00 KPayments for taxes related to net share settlement of equity awards: -$9,758,000.00Stock-award tax withholding−$9.76 MNet cash used in financing activities: -$41,747,000.00. Cash required to fund net payments.Financing cash−$41.75 Mfinancing reconciliation: $42,577,000.00Purchases of property and equipment: -$5,026,000.00PP&E purchases−$5.03 MPurchases of available-for-sale securities: -$170,734,000.00AFS securities purchases−$170.73 MMaturities and sales of available-for-sale securities: $201,861,000.00AFS securities proceeds+$201.86 MOther investing activities: -$1,377,000.00Other investing, net−$1.38 MNet cash from investing activities: $24,724,000.00Investing cash+$24.72 Minvesting reconciliation: $201,861,000.00Cash sources and uses: $150,362,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $81,985,000.00Beginning cash$81.99 MEnding cash: Cash, cash equivalents, and restricted cash: $108,539,000.00Ending cash$108.54 MExchange-rate effect: -$76,000.00FX effect−$76.00 KCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$38.63 MOperating cash − cash spent on PP&ECash flow / Net income1.26×Operating cash flow ÷ net incomeNet cash change+$26.55 MEnding cash − beginning cash
Chart details

FIGS, Inc. cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026

Cash flows for Jan 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2025
81,985,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
43,653,000 US dollars. Net cash provided.
Net income
34,667,000 US dollars
Issuance of Class A Common Stock in exchange for services
238,000 US dollars
Depreciation and amortization expense
5,782,000 US dollars
Deferred income taxes
12,000 US dollars
Non-cash operating lease cost
4,959,000 US dollars
Stock-based compensation
12,181,000 US dollars
Accretion of discount and accrued interest on available-for-sale securities
negative 329,000 US dollars
Realized gains on available-for-sale securities
negative 45,000 US dollars
Accounts receivable
negative 17,022,000 US dollars
Inventory
8,409,000 US dollars
Prepaid expenses and other current assets
negative 1,587,000 US dollars
Other assets
478,000 US dollars
Accounts payable
negative 9,190,000 US dollars
Accrued expenses
19,000,000 US dollars
Accrued compensation and benefits
negative 6,653,000 US dollars
Sales tax payable
negative 355,000 US dollars
Gift card liability
379,000 US dollars
Deferred revenue
negative 2,254,000 US dollars
Returns reserve
negative 90,000 US dollars
Income tax payable
negative 872,000 US dollars
Operating lease liabilities
negative 4,137,000 US dollars
Other non-current liabilities
82,000 US dollars
Investing activities
24,724,000 US dollars. Net cash provided.
Purchases of property and equipment
negative 5,026,000 US dollars
Purchases of available-for-sale securities
negative 170,734,000 US dollars
Maturities and sales of available-for-sale securities
201,861,000 US dollars
Other investing activities
negative 1,377,000 US dollars
Financing activities
negative 41,747,000 US dollars. Net cash used.
Repurchases of Class A Common Stock
negative 32,819,000 US dollars
Proceeds from stock option exercises and employee stock purchases
830,000 US dollars
Payments for taxes related to net share settlement of equity awards
negative 9,758,000 US dollars
Operating adjustment reconciliation
51,520,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
42,577,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
201,861,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 76,000 US dollars
Ending cash on Jun 30, 2026
108,539,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
150,362,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
26,554,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.26×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
43,653,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
5,026,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
38,627,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $8.99M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 43,653,000 US dollars minus 5,026,000 US dollars equals 38,627,000 US dollars.
FIGS, Inc. (FIGS) FY2026 YTD Q2 Statement of Cash Flows Sankey chart
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