FIGS, Inc. Reports Q2 2026 Results; Board Increases Buyback to $200M

What Happened FIGS, Inc. announced its financial results for the three and six months ended June 30, 2026 in a press release dated August 6, 2026 (furnished as Exhibit 99.1). The company also posted a financial highlights presentation to its Investor Relations site (ir.wearfigs.com/financials/quarterly-results) and disclosed that its Board authorized a $100.0 million increase to the existing share repurchase program, bringing total authorization to up to $200.0 million.

Key Details

• Reported results cover the three and six months ended June 30, 2026; full press release is Exhibit 99.1 to the 8-K.
• Share repurchase program increased by $100.0 million to a total of $200.0 million.
• As of June 30, 2026, FIGS had repurchased 12,453,520 shares for approximately $80.8 million; about $119.2 million remains available for future repurchases after the increase.
• Repurchases may be made via open market purchases, privately negotiated transactions, structured repurchase agreements, block trades, derivatives or Rule 10b5-1 plans; program has no expiration and repurchases are expected to be funded from existing cash and cash equivalents.

Why It Matters The announcement combines quarterly results disclosure with a sizeable boost to the company’s buyback authorization. For investors, the expanded repurchase authorization signals management’s intent to return capital or offset dilution, and the remaining $119.2 million capacity gives FIGS flexibility to buy shares under market-appropriate conditions. The filing also includes customary forward-looking statement language noting risks and uncertainties that could affect future results.