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Figs (FIGS) Hits New High on Stellar Earnings, Double-Digit Growth Outlook

We recently published Wall Street Can’t Keep Up: 10 Big Names on a High. Figs Inc. (NYSE:FIGS) was one of the best performers on Thursday.

Figs Inc. soared to a nearly four-year high on Thursday, as investors cheered its stellar performance last year, coupled with a double-digit revenue growth outlook this year.

At intra-day trading, the stock hit its highest price of $12.66 before paring gains to finish the session just up by 13.78 percent at $12.47 apiece.

In an updated report, Figs Inc. (NYSE:FIGS) said that net income last year increased by 1,159 percent to $34.25 million from only $2.72 million in 2024, while revenues jumped by 13.7 percent to $631 million from $555 million, on the back of higher orders from new and existing customers, as well as average order value.

GoneWithTheWind/Shutterstock.com

In the fourth quarter alone, net profit climbed by 884 percent to $18.5 million from $1.88 million, while net revenues increased by 33 percent to $201.9 million from $151.8 million.

For full-year 2026, Figs Inc. (NYSE:FIGS) is expecting to continue a double-digit growth of 10 to 12 percent in net revenues, versus 2025. Adjusted EBITDA margin is also pegged at 12.7 percent to 12.9 percent.

“Our success positions us for a great 2026 with continuing growth from the core foundational elements of our business, as well as from International, TEAMS and Community Hubs. Given our momentum and while still adopting a prudent mindset, we expect top-line growth in 2026 of 10-12 percent, including growth in the low-20 percent range for Q1. At the same time, we expect increased profitability, even with the latest announcement calling for 15 percent global tariffs,” Figs Inc. (NYSE:FIGS) CFO Sarah Oughtred said.

While we acknowledge the risk and potential of FIGS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FIGS and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. Follow Insider Monkey on Google News.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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