FIGS (FIGS) Retained Earnings : $64.5 Mil (As of Dec. 2024)

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What is FIGS Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. FIGS's retained earnings for the quarter that ended in Dec. 2024 was $64.5 Mil.

FIGS's quarterly retained earnings declined from Jun. 2024 ($64.3 Mil) to Sep. 2024 ($62.6 Mil) but then increased from Sep. 2024 ($62.6 Mil) to Dec. 2024 ($64.5 Mil).

FIGS's annual retained earnings increased from Dec. 2022 ($39.1 Mil) to Dec. 2023 ($61.8 Mil) and increased from Dec. 2023 ($61.8 Mil) to Dec. 2024 ($64.5 Mil).

FIGS Retained Earnings Historical Data

The historical data trend for FIGS's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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FIGS Retained Earnings Chart

FIGS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Retained Earnings

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27.49

17.93

39.12

61.75

64.47

FIGS Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Retained Earnings	Get a 7-Day Free Trial															61.75	63.19	64.29	62.59	64.47

FIGS Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

FIGS (NYSE:FIGS) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

FIGS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » FIGS Inc (NYSE:FIGS) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

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Address

2834 Colorado Avenue, Suite 100, Santa Monica, CA, USA, 90404

Website

https://www.wearfigs.com

FIGS Inc is a healthcare apparel company. The Company designs and sells scrubwear and non-scrubwear, such as outerwear, underscrubs, footwear, compression socks, lab coats, loungewear and other apparel. The Company generates maximum revenue from United States. Sales are generated through the Company's digital platforms.

Executives

Heather L. Hasson	director, 10 percent owner, officer: Co-Chief Executive Officer	C/O G SQUARED ASCEND MANAGEMENT I, LLC, 205 N MICHIGAN AVENUE SUITE 3770, CHICAGO IL 60601
Daniella Turenshine	officer: Chief Financial Officer	C/O FIGS, INC., 2834 COLORADO AVENUE, SUITE 100, SANTA MONICA CA 90404
Mario Jesus Marte	director	C/O CHEWY, INC., 7700 WEST SUNRISE BLVD, PLANTATION FL 33322
Catherine Eva Spear	director, 10 percent owner, officer: Co-Chief Executive Officer	16 FUNSTON AVENUE, SUITE A, THE PRESIDIO OF SAN FRANCISCO, SAN FRANCISCO CA 94129
Michael J Soenen	director	C/O FIGS INC., 2824 COLORADO AVENUE, SUITE 100, SANTA MONICA CA 90404
Thomas Tull	10 percent owner	27 N. WACKER DRIVE #523, CHICAGO IL 60606
Jeffrey A Wilke	director	PO BOX 81226, SEATTLE WA 98108-1226
Alan G Lafley	director	C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Kenneth Jian-hong Lin	director	C/O FIGS, INC., 2834 COLORADO AVENUE, SUITE 100, SANTA MONICA CA 90404
Tulco, Llc	10 percent owner	1000 COMMERCE DRIVE, 2ND FLOOR, PITTSBURGH PA 15275
Viking Global Investors Lp	10 percent owner	600 WASHINGTON BLVD., FLOOR 11, STAMFORD CT 06901
Sheila Antrum	director	5830 GRANITE PARKWAY, SUITE 1150, PLANO TX 75024
John Martin Willhite	director	C/O FIGS, INC., 2824 COLORADO AVENUE, SUITE 100, SANTA MONICA CA 90404
Christopher Peter Varelas	director	C/O FIGS, INC., 2824 COLORADO AVENUE, SUITE 100, SANTA MONICA CA 90404
Jeffrey D Lawrence	officer: Chief Financial Officer	30 FRANK LLOYD WRIGHT DR, ANN ARBOR MI 48105