FIGS, Inc. Enters Material Definitive Agreement

TL;DR

FIGS just signed a new debt deal, watch their cash flow.

AI Summary

On December 9, 2025, FIGS, Inc. entered into a material definitive agreement, specifically a credit agreement. This agreement creates a direct financial obligation for the registrant, indicating a new debt or financing arrangement that will impact its balance sheet.

Why It Matters

This filing indicates FIGS, Inc. has entered into a new financial obligation, which could signal expansion plans or a need for capital, impacting its financial structure and future operations.

Risk Assessment

Risk Level: medium — Entering into new financial obligations can introduce leverage and repayment risks, but the specifics of the agreement are not yet detailed.

Key Players & Entities

• FIGS, Inc. (company) — Registrant
• December 9, 2025 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of Incorporation
• Santa Monica, California (location) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.0001 — which registered Class A common stock, $0.0001 par value per share FIGS New York Stock
• $249,301 — base rent for the Relocated Premises is $249,301 for the first twelve months of the Relo
• $306,609 — in a monthly base rent of approximately $306,609 in the final year. In addition, so long

Filing Documents

• figs-20251209.htm (8-K) — 35KB
• 0001628280-25-057032.txt ( ) — 152KB
• figs-20251209.xsd (EX-101.SCH) — 2KB
• figs-20251209_lab.xml (EX-101.LAB) — 22KB
• figs-20251209_pre.xml (EX-101.PRE) — 13KB
• figs-20251209_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On December 9, 2025, FIGS, Inc. (the " Company ") entered into a First Amendment to Office Lease (the " First Amendment ") with 2834 Colorado Avenue, LLC, a Delaware limited liability company (the " Landlord "), amending that certain Office Lease, by and between the Company and Landlord, dated as of November 26, 2018, which was originally expected to expire by its terms on January 31, 2030 (the " Original Lease " and, as amended by the First Amendment, the " Lease "). Prior to the First Amendment, the Company's headquarters consisted of (i) approximately 26,118 square feet that it leases from Landlord under the Original Lease (the " Original Premises ") on the ground floor of the building located at 2834 Colorado Avenue, Santa Monica, California (the " Building ") and (ii) approximately 20,033 square feet that it subleases from a third-party on the third floor of the Building (the " Subleased Premises "). The First Amendment provides that the Company will relocate away from both the Original Premises and Subleased Premises and into approximately 39,260 square feet of different office space on the fourth floor of the Building (the " Relocated Premises "). In addition to consolidating its headquarters into a contiguous office space, the Company believes that, compared to its remaining obligations for the Original Premises and Subleased Premises, the relocation and other terms of the First Amendment will result in an overall cost savings to the Company. Under the First Amendment, Landlord will use reasonable efforts to deliver possession of the Relocated Premises to the Company on or before April 15, 2026 (the " Estimated Relocation Date "). The Company's lease obligations for the Relocated Premises commence upon the earlier of (i) the date the Company commences business operations at the Relocated Premises and (ii) the later of (a) the date Landlord delivers possession of the Relocated Premises to the Company

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FIGS, INC. Date: December 15, 2025 By: /s/ Sarah Oughtred Name: Sarah Oughtred Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR