What move does the options market price into Figs's report?

Implied ±13.9%, either direction.

How often does Figs move more than the options market prices?

6 of the last 8 reports moved at least as far as the implied move.

FIGSNYSEApparel & Other Finishd Prods of Fabrics & Similar Matl

Figs, Inc. (FIGS) earnings date, market-implied expected move, and options open interest by expiry

21.91

+1.09 · +5.21%

Regular session15:44 ET

Open20.99Volume8.2MMkt cap$3.5BP/E57.64EPS0.38

Day20.80 – 22.3372%52-wk7.31 – 22.4696%

FIGS

Figs, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±13.9%implied · report alone

8Q avg ±17.9%·×0.78·cheap

17.9323.71

straddle ±15.8%

spot 20.82exp Nov 20ATM strike 20ATM straddle 3.88IV 109%

Nov 3 closereport share · term structure

Expected move

Inputs

Next report

Nov 5

after close · in 1 day

est.Q3 FY26

Calendar

Next report

Last report

+26.87%

vs ±16.1% implied · ×1.67

shaded = implied · ▲▼ = realized

Aug 6 '26 · confirmed

Implied vs realized

Largest filed tie

—

13F top-10 QoQ

+4.65%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

241 managers

Top fund weight

0.03%

FIGS weight · IWM

N-PORTJun 30 '26

3 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Figs (FIGS) is expected to report on Nov 5 after close (estimated date).

Implied vs realized

8 reports

6 of 8≥ implied

avg implied: ±14.9%
avg realized: ±17.9%

Nov 7 '24Nov 7 '24confirmed±15.0%▼−28.34%×1.89

Feb 27 '25Feb 27 '25confirmed±15.3%▼−18.10%×1.18

May 8 '25May 8 '25confirmed±13.6%▼−2.57%×0.19

Aug 7 '25Aug 7 '25confirmed±17.3%▼−5.04%×0.29

Q3 FY25Nov 6 '25confirmed±11.3%▲+13.70%×1.22

Q1 FY26Feb 26 '26confirmed±15.4%▲+23.90%×1.55

May 7 '26May 7 '26confirmed±15.3%▼−24.33%×1.59

Q2 FY26Aug 6 '26confirmed±16.1%▲+26.87%×1.67

quarterimplied−30%0+30%realized×

Q2 FY26±16.1%▲+26.87%×1.67

May '26±15.3%▼−24.33%×1.59

Q1 FY26±15.4%▲+23.90%×1.55

Q3 FY25±11.3%▲+13.70%×1.22

Aug '25±17.3%▼−5.04%×0.29

May '25±13.6%▼−2.57%×0.19

2 older reports

Feb '25±15.3%▼−18.10%×1.18

Nov '24±15.0%▼−28.34%×1.89

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 4 expiries · Oct 28 close

7.66OI · 4 expiries · Oct 28 closeP/C open interest · Nov 20 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

19,512−1%Nov 2016d2,548−1%

54+15%Dec 1844d0.39138+5%0.39

470+2%Jan 1572d0.0314,0390%0.03

1890%Apr 16163d0.036,3130%0.03

ExpiryPutsCallsP/C

Nov 2016d19,512−1%2,548−1%7.66

Dec 1844d54+15%138+5%0.39

Jan 1572d470+2%14,0390%0.03

Apr 16163d1890%6,3130%0.03

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±15.8%

Funds 3

IWM±0.0%

UWM±0.0%

VTI±0.0%

Dashed = straddleMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

14.43%as filednet margin · revenue +22.96% QoQ · +28.81% YoY

Revenue

$197M+22.96% QoQ

Gross profit

$148M+36.53% QoQ

75.20% margin

Operating income

$35M+686.57% QoQ

17.93% margin

Pre-tax income

$37M+472.24% QoQ

Net income

$28M+351.32% QoQ

14.43% margin

Cost of revenue

$49M−5.50% QoQ

Operating expenses

$113M+8.46% QoQ

SG&A $84M

Marketing $29M

Tax

$9M+5315.29% QoQ

Other income

$2M−17.48% QoQ

Revenue$197M+22.96%

Gross profit

$148M+36.53%

75.20% margin

Operating income

$35M+686.57%

17.93% margin

Pre-tax income

$37M+472.24%

Net income

$28M+351.32%

14.43% margin

Cost of revenue

$49M−5.50%

Operating expenses

$113M+8.46%

SG&A $84M

Marketing $29M

Other income$2M−17.48%

Tax$9M+5315.29%

flow · deduction · inflow · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 3 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 15:30 ET

Intraday

Event sensitivity

NFP ×2.41· ±6.7% vs ±2.8% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±6.7%4 of 10×2.41

PPIproducer prices±4.3%5 of 10×1.55

PCEpersonal income & outlays±2.7%6 of 19×0.97

CPROFcorporate profits±2.5%5 of 12×0.90

CPIconsumer prices±2.1%5 of 10×0.76

GDPgross domestic product±1.9%8 of 19×0.70

FOMCrate decision±1.9%9 of 24×0.70

Bar = avg |move| to ±7% · tick = ±2.8% avg day · ×base = |move| ÷ ±2.8% · min 6 releases

Earnings history

EPS 0.15 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 6 '26 · confirmed	0.15	—
Q1 FY26	Feb 26 '26 · confirmed	0.03	—
Q3 FY25	Nov 6 '25 · confirmed	0.05	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod