RELATED PARTY TRANSACTIONS |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| RELATED PARTY TRANSACTIONS | RELATED PARTY TRANSACTIONS In January 2025, the Company entered into a binding term sheet with Baron Capital Management, Inc. (“BCM”) and BAMCO, Inc. (“BAMCO” and, together with BCM, “Baron”), a subsidiary of Baron Capital Group, Inc. (“BCG”), pursuant to which the Company and Baron memorialized certain terms to be set forth in a stockholders agreement, relating to the purchase, transfer, registration and voting rights of certain of the Company's securities owned by Baron and its affiliates. In February 2025, the Company entered into the stockholders agreement with Baron that was further amended in March 2026. BCG and its affiliates are beneficial owners of greater than 5% of the Company's outstanding Class A common stock. In February 2025, the Company established the FIGS Awesome Humans Foundation (the “Foundation”), a 501(c)(3) public charity. In the three and six months ended June 30, 2026, the Company donated $0.2 million to the Foundation, the amounts of which are included in general and administrative expenses for the three and six months ended June 30, 2026.
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