Figs, Inc. (Figs): Analyse du pilon [Jan-2025 MISE À JOUR]

Dans le monde dynamique des vêtements médicaux, Figs, Inc. se tient à l'intersection de l'innovation, du style et des fonctionnalités professionnelles. Alors que les professionnels de la santé recherchent plus que de simples vêtements fonctionnels, cette entreprise de pionnier aborde un paysage complexe de défis politiques, économiques, sociologiques, technologiques, juridiques et environnementaux. Des technologies de tissu de pointe à l'évolution des attentes en matière de travail, FIGS réinvente les uniformes médicaux à travers un objectif complet qui va bien au-delà des gommages traditionnels, créant une approche holistique qui résonne avec des professionnels de la santé modernes qui exigent la performance, le confort et l'expression personnelle.

Figs, Inc. (Figs) - Analyse du pilon: facteurs politiques

Les changements de politique de santé américains ont un impact sur les réglementations sur le marché des vêtements médicaux

La Loi sur les soins abordables (ACA) continue d'influencer les réglementations sur les effectifs des soins de santé. En 2024, les établissements de santé sont tenus de se conformer à des normes spécifiques de tenues uniformes et professionnelles.

Domaine politique	Impact réglementaire	Exigence de conformité
Contrôle de l'infection	Normes uniformes strictes	Spécifications obligatoires de tissu antimicrobien
Apparition professionnelle	Code vestimentaire en milieu de travail	Règlements uniformes à code couleur

Changements potentiels dans les tarifs d'importation / exportation affectant la chaîne d'approvisionnement

Depuis 2024, les tarifs d'importation pour les produits textiles des principaux pays manufacturiers restent importants.

Pays	Taux de tarif actuel	Impact potentiel sur les figues
Chine	17.5%	Augmentation des coûts de production
Vietnam	12.3%	Option de fabrication alternative

La politique de la santé des soins de santé influence les gommages et la demande d'uniforme médical

L'expansion de la main-d'œuvre des soins de santé a un impact direct sur la dynamique du marché des vêtements médicaux.

• Bureau américain des statistiques du travail Projets 13% CROISSANCE DE SÉNÉRATION DES CARES DE 2021-2031
• Estimé 2 070 500 nouveaux emplois de santé d'ici 2031
• Demande accrue d'uniformes médicaux spécialisés

La stabilité politique dans les pays manufacturières affecte les coûts de production

Emplacement de fabrication Évaluation des risques politiques pour la chaîne d'approvisionnement des Figs.

Pays	Indice de stabilité politique	Niveau de risque de production
Vietnam	6.2/10	Modéré
Chine	5.5/10	Haut
Bangladesh	4.8/10	Risque élevé

Considérations politiques clés pour les figures en 2024:

• Négociations de politique commerciale en cours
• Modifications du règlement sur la main-d'œuvre des soins de santé
• Gestion internationale des risques politiques de fabrication internationale

Figs, Inc. (Figs) - Analyse du pilon: facteurs économiques

Pressions de l'inflation augmentant les coûts opérationnels et matériels

Taux d'inflation aux États-Unis en décembre 2023: 3,4%. Indice des prix des producteurs (PPI) pour la fabrication de vêtements: 102,4. Coût des marchandises des Figs vendues (COGS) au troisième trimestre 2023: 48,4 millions de dollars, représentant 42,8% des revenus totaux.

Indicateur économique	Valeur	Année
Taux d'inflation	3.4%	2023
Cogs figues	48,4 millions de dollars	Q3 2023
COGS pourcentage de revenus	42.8%	Q3 2023

La résilience économique du secteur de la santé

Taille du marché mondial des soins de santé: 8,3 billions de dollars en 2023. CAGR projeté: 4,1% de 2024-2030. Emploi des soins de santé aux États-Unis: 20,6 millions de travailleurs en 2023.

Métrique du marché des soins de santé	Valeur	Année
Taille du marché mondial des soins de santé	8,3 billions de dollars	2023
CAGR du marché des soins de santé	4.1%	2024-2030
Emploi des soins de santé aux États-Unis	20,6 millions	2023

Augmentation des dépenses de santé

Dépenses de santé aux États-Unis: 4,5 billions de dollars en 2022. Dépenses de santé par habitant: 13 493 $. Taille du marché des vêtements médicaux: 79,4 milliards de dollars en 2023.

Métrique des dépenses de soins de santé	Valeur	Année
Total des dépenses de santé aux États-Unis	4,5 billions de dollars	2022
Dépenses de santé par habitant	$13,493	2022
Taille du marché des vêtements médicaux	79,4 milliards de dollars	2023

Travail économique de la reprise et des soins de santé

Croissance de l'emploi des soins de santé: 2,4% en 2023. Opents d'emploi totaux de santé: 1,9 million. Revenus des Figs au troisième trimestre 2023: 113,1 millions de dollars, ce qui représente une croissance de 4,3% en glissement annuel.

Métrique de la main-d'œuvre et des revenus	Valeur	Année
Croissance de l'emploi des soins de santé	2.4%	2023
Ouvertures d'emploi de soins de santé	1,9 million	2023
FIGS Q3 Revenu	113,1 millions de dollars	2023
Croissance des revenus des figues	4.3%	D'une année à l'autre

Figs, Inc. (Figs) - Analyse du pilon: facteurs sociaux

La croissance de l'expansion de la main-d'œuvre professionnelle de la santé augmente le potentiel du marché

En 2024, la main-d'œuvre américaine des soins de santé comprend 20,6 millions de travailleurs. Le Bureau of Labor Statistics Projects Healthcare Emplois augmentera de 13% de 2021 à 2031, ajoutant environ 2,6 millions de nouveaux emplois.

Profession de santé	Taux de croissance projeté (2021-2031)	Total de nouveaux emplois
Infirmières autorisées	6%	195,400
Médecins et chirurgiens	3%	40,100
Assistants médicaux	16%	117,800

Accent accru sur le confort du travail et le style personnel dans les uniformes médicaux

Les Figs ont déclaré 421,6 millions de dollars de revenus pour le quatrième trimestre 2023, avec 82% des revenus des vêtements de professionnel de la santé. Les enquêtes sur les consommateurs indiquent que 67% des professionnels de la santé priorisent le confort et le style en tenue de travail.

Des professionnels du millénaire et de la génération Z à la recherche de vêtements professionnels avant-gardiste

Déchange démographique de la main-d'œuvre des soins de santé:

• Millennials (né en 1981-1996): 35% des effectifs de la santé
• Gen Z (né en 1997-2012): 15% des effectifs de la santé

Génération	Pourcentage valorisant des vêtements de travail élégants	Dépenses moyennes en tenue professionnelle
Milléniaux	73%	425 $ / an
Gen Z	81%	375 $ / an

Sensibilisation à la hausse de l'apparence professionnelle dans les milieux médicaux

Une enquête professionnelle de la santé en 2023 a révélé que 92% croient que l'apparence professionnelle a un impact sur la perception et la confiance des patients. La part de marché des Figs dans les vêtements médicaux a atteint 25% en 2023, indiquant un fort alignement des consommateurs sur les tendances de l'apparence professionnelle.

Figs, Inc. (Fig) - Analyse du pilon: facteurs technologiques

Technologies de tissu avancé permettant des vêtements médicaux améliorés par les performances

Les figues utilisent Technologie de tissu Fionx propriétaire avec les spécifications technologiques suivantes:

Propriété en tissu	Spécifications techniques
Capacité de piqûre d'humidité	99,9% de gestion de l'humidité
Traitement antimicrobien	99,5% de résistance bactérienne
Pourcentage d'étirement	Étirement à 4 voies jusqu'à 360 degrés
Poids du tissu	3,8 oz par verge carré

Stratégies de commerce électronique et de marketing numérique stimule la croissance des ventes en ligne

Métriques de performance des ventes numériques pour les Fig:

Métrique	Valeur 2023
Revenus de vente en ligne	294,7 millions de dollars
Taux de conversion du site Web	4.2%
Pourcentage de trafic mobile	68%
Dépenses de marketing numérique	42,3 millions de dollars

Analyse des données pour les recommandations de produits personnalisées et le dimensionnement

Les capacités d'analyse des données FIGS comprennent:

• Algorithmes d'apprentissage automatique Traitement 2,7 millions de points de données clients
• Précision de recommandation de dimensionnement en temps réel de 92,4%
• Moteur de personnalisation couvrant 15 catégories de types de corps différentes

Technologies de fabrication durables réduisant l'empreinte environnementale

Métriques de mise en œuvre des technologies durables:

Métrique de la durabilité	Performance de 2023
Utilisation du tissu recyclé	37% de la production totale de tissus
Conservation de l'eau	64% de réduction de la fabrication de l'utilisation de l'eau
Réduction des émissions de carbone	22% de diminution par rapport à 2022
Emballage durable	Matériaux d'emballage à 98% recyclables

Figs, Inc. (Figs) - Analyse du pilon: facteurs juridiques

Règlement du code vestimentaire en milieu de travail des soins de santé

Les Figs garantissent les directives de la conformité avec les directives AOR (Association of Periopérative Enregistred Infirges), qui spécifient des exigences spécifiques pour les vêtements médicaux. La société maintient le respect de la norme ASTM International F2407-18 pour les vêtements médicaux.

Norme de réglementation	Pourcentage de conformité	Résultats de l'audit annuel
Directives de l'AORN	100%	Compliance complète
ASTM F2407-18	100%	Aucune violation signalée

Protection de la propriété intellectuelle

Les figues tiennent 17 brevets enregistrés pour les technologies de tissu et les innovations de conception en 2024. La société a investi 3,2 millions de dollars dans des stratégies de protection de la propriété intellectuelle.

Type de brevet	Nombre de brevets	Investissement dans la protection IP
Technologie de tissu	12	2,1 millions de dollars
Innovation de conception	5	1,1 million de dollars

Adhésion au droit du travail

Les figues maintiennent une stricte conformité au droit du travail dans les installations de fabrication. La société mène Audits de pratique du travail trimestriel avec un taux de conformité à 100% en 2023.

Emplacement de fabrication	Taux de conformité du travail	Fréquence d'audit
Vietnam	100%	Trimestriel
Chine	100%	Trimestriel

Normes de sécurité et de qualité des produits

Les Figs sont conformes aux réglementations de dispositifs médicaux de classe I de la FDA. La société maintient la certification ISO 13485: 2016 pour les systèmes de gestion de la qualité des dispositifs médicaux.

Norme de qualité	Statut de certification	Dernière date d'audit
Conformité de la FDA	Pleinement conforme	15 janvier 2024
ISO 13485: 2016	Agréé	1er mars 2024

Figs, Inc. (Figs) - Analyse du pilon: facteurs environnementaux

Pratiques de l'approvisionnement et de production durables en tissus

Les figues utilisent 85% de polyester recyclé dans leur production de tissu. Leur principale collection de tissus durables comprend:

Type de tissu	Contenu recyclé	Réduction de l'utilisation de l'eau
Tissu de performance cinétique	85%	62% moins de consommation d'eau
Tissu CloudTech	75%	55% de consommation d'eau en moins

Réduire l'empreinte carbone des processus de fabrication et de distribution

FIGS rapporte les métriques de réduction du carbone suivantes:

• Réduction des émissions de carbone: 23% depuis 2020
• Utilisation des énergies renouvelables dans la fabrication: 41%
• Amélioration de l'efficacité du carbone logistique: 17%

Initiatives de l'économie circulaire dans le recyclage des textiles et la réduction des déchets

Initiative	Impact annuel	Réduction des déchets
Programme de recyclage textile	42 000 livres de tissu recyclé	Réduction de 35% des déchets textiles
Optimisation des emballages	Emballage à 98% recyclable	27% de matériel d'emballage en moins

Demande croissante des consommateurs pour les marques de vêtements respectueuses de l'environnement

Préférences environnementales de consommation pour les Fig:

• Achats axés sur la durabilité: 68% de la clientèle
• Volonté de payer des primes pour les produits écologiques: 52%
• Revenus annuels des produits durables: 87,3 millions de dollars

FIGS, Inc. (FIGS) - PESTLE Analysis: Social factors

Sociological

The social factors for FIGS, Inc. center on its deep, authentic connection with the healthcare community, which it calls "Awesome Humans." This relationship is the core driver of the company's direct-to-consumer (DTC) model and its premium pricing power. You're not just buying scrubs; you're buying into a professional identity, and that's a powerful social force.

The company's ability to turn a functional uniform into a desirable lifestyle product has fundamentally shifted the culture of medical workwear. This is defintely reflected in their customer engagement metrics, which show a highly sticky and valuable user base.

Active customer base reached 2.8 million by Q3 2025, a 4.0% year-over-year increase.

FIGS' growth hinges on continuing to attract and retain healthcare professionals, and the 2025 numbers show this strategy is working, albeit at a more moderate pace than in previous years. As of September 30, 2025, the active customer count hit 2.8 million, an increase of 4.0% year-over-year. This growth demonstrates the brand's continued relevance in a post-pandemic environment where healthcare worker recognition remains high.

Here's the quick math: the average customer is highly valuable. Net revenues per active customer reached $209 in Q3 2025, a 2.0% increase from the prior year. This metric confirms that the existing customer base is spending more, which is a key indicator of strong brand loyalty and social acceptance of the premium price point.

Key Customer Metric	Value (Q3 2025)	Year-over-Year Change
Active Customers (as of Sept 30, 2025)	2.8 million	4.0% Increase
Net Revenues per Active Customer	$209	2.0% Increase
Average Order Value (AOV)	$114	5.6% Increase

Strong brand community and lifestyle focus resonate deeply with healthcare professionals.

The brand's success is built on its ability to create a community, not just sell a product. FIGS achieves this by integrating its apparel identity into complementary lifestyle categories like outerwear, footwear, and foundational layers, providing a cohesive wardrobe that extends beyond the hospital doors. This lifestyle integration is supported by physical retail locations, known as Community Hubs, which serve as physical brand touchpoints to foster deeper engagement. For example, the Rittenhouse Community Hub in Philadelphia, a city with the fourth-highest number of healthcare professionals in the U.S., is a large, two-floor space designed specifically for the community. This omnichannel (connecting online and offline) approach strengthens the social bond.

• Elevate professional identity through tailored aesthetics.
• Use Community Hubs to bridge online and offline customer experiences.
• Focus on storytelling and authentic community building in marketing.

Continued emphasis on healthcare worker well-being and giving back via Threads for Threads.

The social mission is a critical component of the brand's value proposition, which helps to justify its premium pricing. The "Threads for Threads" initiative is the company's core giving-back program, originally focused on donating scrubs to healthcare professionals in resource-poor countries.

The program has significantly expanded its scope and impact. In 2024, the company donated a record 325,000 FIGS items and provided $510,000 in monetary donations to non-profit organizations. This commitment also extends to advocacy, with the company actively fighting for policy solutions to address issues like burnout, mental health support, and workplace safety for healthcare workers. This deep involvement in the social and political well-being of its customer base is a powerful differentiator that builds immense trust and loyalty.

Premium, stylish apparel drives a cultural shift in traditional medical workwear.

FIGS disrupted a historically stagnant market by making scrubs fashionable, comfortable, and performance-driven. This shift from simple uniform to premium apparel has a significant social impact: it elevates the perception of the healthcare professional. The company's focus on technical features, like its proprietary fabric technology, combined with a tailored fit, has created a new standard. This is a cultural change that makes healthcare workers feel more confident and celebrated, moving away from the old, ill-fitting, and purely utilitarian workwear. The continued growth in scrubwear net revenues, which reached $127.0 million in Q3 2025, an 8.4% year-over-year increase, shows that the market is fully embracing this cultural shift.

FIGS, Inc. (FIGS) - PESTLE Analysis: Technological factors

New proprietary fabric platforms like FIBERx and Float enhance product innovation.

The core of FIGS, Inc.'s technological edge is its commitment to material science, which it treats more like a tech company treats software development. You're not just buying a scrub; you're buying a performance fabric platform. The company is continually investing in new proprietary platforms like FIBERx and Float to drive product innovation and justify its premium pricing.

This focus allows them to expand beyond traditional scrubwear into new categories like outerwear and footwear. For instance, the new FIBERx fabric is slated for a high-profile debut with the Team USA Medical Team at the 2026 Winter Olympics, which is a powerful, real-world validation of its technical performance. This constant innovation is what keeps the Average Order Value (AOV) rising, which hit $119 in Q1 2025, a 2.6% increase year-over-year.

Direct-to-Consumer (DTC) model provides rich customer data for rapid product iteration.

The Direct-to-Consumer (DTC) model isn't just a sales channel; it's a massive, real-time data engine. By owning the entire customer relationship, FIGS, Inc. bypasses the slow feedback loop of traditional retail, collecting rich data on everything from fit preferences to purchase frequency.

This data allows for product iteration (A/B testing new designs, colors, and features) at a speed that legacy apparel companies simply can't match. As of March 31, 2025, the company's active customer base grew to 2.7 million, an increase of 3.8% year-over-year. That's 2.7 million people giving you direct, actionable feedback every time they buy. Honestly, that level of data control is the real competitive moat here.

• Active Customers (Q1 2025): 2.7 million
• Average Order Value (Q1 2025): $119
• Trailing 12-Month Revenue (Q3 2025): $581.03 million

New, larger distribution center built to scale operations toward $1 billion in revenue.

To support its aggressive growth, FIGS, Inc. has made a significant technological investment in its logistics backbone. The company moved into a much larger, state-of-the-art distribution center in 2024. This facility is explicitly designed to handle the volume required to scale the business to a $1 billion-plus revenue target.

This is a critical, capital-intensive step. The new center is equipped with robotics and automation to efficiently handle peak promotional periods. For perspective, the company's capital expenditures for the build-out totaled $4.2 million in Q3 2024 alone, part of a larger fulfillment enhancement project initially estimated between $16 million to $18 million. The near-term risk is that operational costs are currently higher, but management expects them to return to 2023 levels by 2026 or 2027 as the technology is fully optimized. Plus, the company is adding a Canadian distribution center in the second half of 2025 to further regionalize its logistics.

Distribution Center Technology Metric	Details and 2025 Context
Scale Target	Designed to support a $1 billion-plus annual revenue business.
Key Technology Investment	Integration of robotics and high-level automation.
Cost Efficiency Target	Operational costs expected to return to 2023 levels by 2026 or 2027.
Q3 2024 CapEx on Build-out	Approximately $4.2 million (majority of Q3 CapEx).

Planned move to digital ID's by 2028 to reduce packaging waste and excess tags.

FIGS, Inc. is leveraging digital technology to meet its sustainability goals, which is defintely a smart move for brand reputation with a younger customer base. The company has a clear target to move to digital ID's on all garments by 2028.

This isn't just a simple QR code; it's a digital label transformation aimed at eliminating excess hangtags and packaging materials. This initiative directly contributes to the company's broader environmental goal to reduce virgin plastic used in its products by 50% by 2030. The digital ID replaces physical tags with a dynamic, tagless experience, giving customers product information while cutting down on waste-a true win-win from a technological and environmental standpoint.

FIGS, Inc. (FIGS) - PESTLE Analysis: Legal factors

Vendor Code of Conduct enforces compliance with environmental and labor laws globally

As a direct-to-consumer brand, your reputation is tied directly to your supply chain's integrity, which is why FIGS' Vendor Code of Conduct is a critical legal and ethical firewall. This Code mandates that all manufacturers and suppliers adhere to strict standards covering labor practices, workplace safety, and environmental protection globally.

The core of this compliance is a zero-tolerance policy against forced labor and human trafficking. To enforce this, every Tier I supplier-the facilities making the final apparel products-must hold a WRAP Gold or Platinum certification. This isn't just a paper exercise; FIGS' operational teams conduct announced visits at all Tier I suppliers on average two times each month, plus monthly announced visits at selected upstream suppliers. This level of on-the-ground scrutiny is what keeps the legal risk of supply chain violations manageable.

Strict adherence to the U.S. Foreign Corrupt Practices Act (FCPA) for all international dealings

Operating internationally means navigating the U.S. Foreign Corrupt Practices Act (FCPA), which prohibits bribing foreign government officials to gain a business advantage. FIGS' Code of Business Conduct and Ethics explicitly commits the company to FCPA compliance, a non-negotiable for any publicly traded U.S. entity.

The legal landscape here is evolving fast. In 2025, the U.S. Department of Justice (DOJ) issued new guidelines following a February 2025 Executive Order, signaling a shift to prioritize enforcement that directly undermines U.S. national interests, such as corruption linked to cartels or national security sectors. While apparel isn't a national security sector, the new focus on 'serious misconduct' and away from de minimis business courtesies still means your internal controls must be defintely robust, especially as FIGS expands into markets like Japan and South Korea.

Must navigate customs and import regulations for products manufactured in Asia and the Middle East

The complexity of international trade law is a major cost driver for FIGS, whose production is concentrated in key regions like Asia and the Middle East. The biggest legal/financial pressure point in 2025 is the impact of tariffs on goods manufactured in Vietnam and Jordan, which account for the majority of the company's production.

In the third quarter of 2025 (Q3 2025), FIGS reported a gross margin of 69.9%, a strong result that was nonetheless partially offset by higher tariffs. This tariff headwind is a direct legal and trade policy risk that impacts profitability, and the near-term picture is getting tougher.

Here's the quick math on the tariff pressure, based on 2025 financial disclosures:

Legal/Trade Headwind	Tariff Rate (Added Duty)	Estimated Full Year 2025 Gross Margin Impact
Vietnam Sourcing	20%	Included in total impact
Jordan Sourcing	15%	Included in total impact
Total Unmitigated Tariff Impact (2025)	N/A	~110 basis points (bps)
Total Unmitigated Annualized Impact (Expected 2026)	N/A	~440 basis points (bps)

The company is actively managing this by optimizing its supply chain, but the legal framework of trade policy-specifically the tariffs-is expected to be a much larger drag in 2026. Also, the U.S. revocation of the de minimis exemption for low-value shipments from China/Hong Kong, effective May 2, 2025, forces more shipments into the formal customs entry process, increasing compliance costs and administrative burden across the industry.

Targeting 100% OEKO-TEX® 100 compliance for apparel by 2026

Beyond mandatory compliance, FIGS is setting a higher bar with voluntary product safety and environmental standards. The company's goal is to have 100% of its apparel compliant with the OEKO-TEX® 100 standard by the end of 2026. This certification is critical because it confirms every component of a product-from the fabric to the thread and buttons-is tested for and free from harmful substances.

This is a proactive legal risk mitigation strategy, especially as global chemical regulations tighten. For context, FIGS' compliance stood at 42% of products in 2024, up from 38% in 2023. The standard itself tightened in 2025, with new regulations effective April 1, 2025, including stricter limits on substances like Bisphenol A (BPA), which is often found in textiles worn close to the skin. Meeting this 2026 goal requires significant legal and technical oversight of the entire raw material supply chain.

To be fair, achieving this goal requires constant vigilance against evolving standards, but it builds a strong moat of consumer trust and regulatory readiness. Here's what this compliance effort focuses on:

• Eliminating harmful substances in all components.
• Adhering to stricter chemical limits (e.g., the 2025 reduction of the BPA limit).
• Ensuring safety for human health, a key differentiator in healthcare apparel.

FIGS, Inc. (FIGS) - PESTLE Analysis: Environmental factors

You're looking at FIGS, Inc.'s environmental strategy, and the takeaway is clear: the company has set aggressive 2030 sustainability targets that are easy to track, but the real challenge lies in the complexity of their blended fabrics and the current gap between their goals and their 2025 operational reality.

The apparel industry's environmental impact is huge, so FIGS' focus on supply chain ethics and material circularity is a critical factor for long-term valuation. For a company that did more than $555 million in net revenue over 2024, managing this risk is not a side project; it's a core business mandate.

Targeting a 50% reduction in greenhouse gas emissions by 2030

FIGS has committed to a significant reduction in its carbon footprint, targeting a 50% reduction in greenhouse gas (GHG) emissions by 2030. This is a strong, ambitious goal that aligns with the broader push for a 1.5°C climate pathway, though the company hasn't publicly stated if this target is Science Based Targets initiative (SBTi) approved, which is the gold standard for investors.

To achieve this, the focus is on supply chain efficiencies, which is smart since that's where the majority of emissions sit for an apparel brand. They are making small, practical steps like investing in technology to make color decisions electronically, which lessens the carbon footprint by minimizing courier shipments of physical samples to suppliers. This is a defintely a necessary move to hit that 50% mark.

Goal to use 75% recycled and traceable scrub fabrics by 2030

The company's material goal is to have at least 75% of its scrub fabric be comprised of recycled and upcycled materials by 2030. This is a huge shift in sourcing and a key performance indicator for their environmental commitment. Right now, there's a measurable gap to close, but they are making progress.

For example, their 'Indestructible' scrubwear line, launched in 2024, currently uses 54% recycled polyester content. To be fair, that's already a strong base. They also launched a permanent take-back program, 'Scrubs That Don't Suck,' in April 2025, which collected 45,000 pounds of scrubs in a 2024 pilot alone, aiming to turn those old garments into new textile fibers or products like insulation.

Here's the quick math on their material targets:

Metric	Target by 2030	Current Status (as of 2025 FY)
Recycled/Upcycled Scrub Fabric	At least 75%	54% (in Indestructible line)
Water Use Reduction (Fabric Production)	30% reduction	Target set, progress not publicly quantified for 2025 FY
GHG Emissions Reduction	50% reduction	Target set, progress not publicly quantified for 2025 FY

Requires all Tier I suppliers to be Worldwide Responsible Accredited Production (WRAP) certified

FIGS manages ethical and environmental risk in its supply chain by mandating that all Tier I suppliers-the direct manufacturers-must be certified through the Worldwide Responsible Accredited Production (WRAP) program. This is a non-negotiable standard for ethical and safe manufacturing, covering labor practices, health, safety, and environmental compliance. This mandatory certification helps standardize their global supply chain, which is crucial for a Direct-to-Consumer (DTC) company scaling rapidly.

They also hold their Tier II suppliers (like fabric mills) to substantially the same standards, with regular auditing performed. This dual-layer approach shows they understand that risk doesn't stop at the final assembly factory door. It's about accountability throughout the production process.

Sustainability rating is challenged by a lack of public, aggregate material breakdown and water use targets

While FIGS has set a clear goal to reduce water used in fabric production by 30% by 2030, the challenge isn't a total lack of a target, but rather the complexity of their core material and the public disclosure of the aggregate breakdown across their entire product line. Their main fabric, FIONx, is a blend, typically a majority of polyester mixed with rayon and spandex.

This blend is what makes their scrubs comfortable and durable, but it's also a major environmental hurdle. Conventional recyclers struggle with such multi-fiber blends, which makes their 75% recycled material goal harder to hit and adds complexity to their circularity claims.

The market needs more transparency on:

• The precise material breakdown of their entire product portfolio, not just their newest line.
• The current aggregate percentage of recycled material across all scrubs sold in 2025.
• Detailed, quantified progress toward the 30% water reduction target in their fabric production.

What this estimate hides is the high technical difficulty of recycling blended textiles at scale, making the 75% goal a significant technical, not just a sourcing, challenge.

Finance: draft 13-week cash view by Friday, specifically modeling the tariff impact on Q4 2025 gross margin.