FIGS, Inc. (FIGS) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: November 06, 2025

Risk Assessment Details

Potential Dilution: 15.99% of current shares
Recent Dilution: 0.74% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
160M
Potential Supply
26M
Additional shares possible
Splits
None
Past 2 years

Summary

FIGS currently has 164M outstanding shares. with limited dilution risk as only 26.2M additional shares (16.0%) are authorized for issuance. The company has minimally diluted shareholders by 0.74% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Nov 06, 2025

10-Q filing | 163.7M shares outstanding

160M 26M
May 08, 2025

10-Q filing | 162.5M shares outstanding

160M 26M
Feb 27, 2025

10-K filing | 169.2M shares outstanding

170M 26M
Nov 07, 2024

10-Q filing | 170.2M shares outstanding

170M 26M
Nov 07, 2024

8-K filing: FIGS, Inc. purchased 27,454,727 shares of OOG, Inc.'s Series A-1 Preferred Stock for $25.0 million, representing a minority interest in OOG. ($25.0M proceeds)

170M 26M
Aug 08, 2024

10-Q filing | 170.4M shares outstanding

170M 26M
May 09, 2024

10-Q filing | 169.9M shares outstanding

170M 26M
Feb 28, 2024

10-K filing | 168.1M shares outstanding

170M 26M
Nov 02, 2023

10-Q filing | 168.7M shares outstanding

170M 26M
Aug 03, 2023

10-Q filing | 167.4M shares outstanding

170M 26M
May 04, 2023

10-Q filing | 166.8M shares outstanding

170M 26M
Feb 28, 2023

10-K filing | 165.3M shares outstanding

170M 26M
Nov 10, 2022

10-Q filing | 165.5M shares outstanding

170M 26M
Aug 04, 2022

10-Q filing | 164.9M shares outstanding

160M 26M
May 12, 2022

10-Q filing | 164.4M shares outstanding

160M 26M
Mar 23, 2022

8-K filing: Tulco, LLC converted 6,300,000 shares of Class B common stock into Class A common stock and distributed 58,000,932 shares of Class A common stock to its members; Thomas Tull purchased 253,637 shares of Class A Common Stock in open market transactions.

160M 26M
Mar 10, 2022

10-K filing | 159.2M shares outstanding

160M 26M
Nov 10, 2021

10-Q filing | 161.3M shares outstanding

160M 26M
Sep 14, 2021

S-1 filing: This S-1 filing registers Class A common stock for sale, including shares offered by selling stockholders and an option for underwriters to purchase additional shares.

160M 26M
Aug 25, 2021

8-K filing: An early release of lock-up agreements will occur on August 27, 2021, making approximately 23.3 million shares of FIGS, Inc.'s Class A common stock eligible for sale in the public market.

160M 5.9M
Aug 12, 2021

10-Q filing | 156.9M shares outstanding

160M 5.9M
May 25, 2021

S-1/A filing: This is an S-1/A filing related to an IPO of Class A common stock at a price of $17.50 per share.

17M 5.9M
May 20, 2021

S-1/A filing: This is an S-1/A filing for an initial public offering of Class A common stock.

17M 5.9M
May 05, 2021

S-1 filing: This S-1 filing describes the company's initial public offering of Class A common stock. It details the rights of different classes of common stock (A, B, and C), dividend rights, and voting rights. The filing also discusses the potential dilution to new investors and the ownership percentages of existing and new investors after the offering.

17M 0
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