RELATED PARTY TRANSACTIONS |
9 Months Ended |
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Sep. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| RELATED PARTY TRANSACTIONS | RELATED PARTY TRANSACTIONS In November 2024, the Company purchased shares of OOG, Inc. (“OOG”), representing a minority interest in OOG. Heather Hasson, Executive Chairman of the Board, is founder and Chief Executive Officer of OOG and Catherine Spear, a director and Chief Executive Officer of the Company, is a member of OOG’s board of directors. On November 3, 2026, the Company entered into a Collaboration Agreement (the “Collaboration Agreement”) with OOG. 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 nine months ended September 30, 2026, the Company donated $0.3 million and $0.5 million, respectively, to the Foundation, the amounts of which are included in general and administrative expenses for the three and nine months ended September 30, 2026. In September 2026, the Company entered into a Purchase Order Agreement with BAMCO pursuant to which BAMCO agreed to purchase from the Company certain FIGS products in connection with BCG’s 2026 annual conference, for an aggregate purchase price of $0.9 million. In the three and nine months ended September 30, 2026, the Company recognized net revenues of $0.5 million related to FIGS products sold to affiliates of BCG.
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