FIGS
FIGS, Inc.
FIGS has the edge over RIVN overall, supported by stronger fundamentals and stronger valuation.
RIVN
Rivian Automotive, Inc.
RIVN's outlook is improving, though it still trails on the overall score.
FIGS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
FIGS's revenue, profitability, cash flow and balance sheet are all currently healthy.
RIVN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Weak | |
| Unavailable |
RIVN's revenue is currently healthy, but its profitability and cash flow are weak. There isn't enough data to rate its balance sheet.
FIGS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 48x | $18.14 | -20% |
| Forward | 57x | $22.68 | — |
| Current | 60x | $22.68 | — |
| Fair | 86x | $32.55 | +43% |
| Expensive | 177x | $67.36 | +197% |
Historical ranges are pointers, not guarantees.
FIGS's PE is in its cheap range at 60x. If earnings grow as analysts expect, today's price would be 57x next year's earnings.
RIVN PE Valuation
RIVN has no meaningful PE right now: it lost money over the past year.
FIGS Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for FIGS, with profitability improving. However, they disagree widely on these estimates.
RIVN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect RIVN's losses to shrink, with revenue growing. However, they disagree widely on these estimates.
FIGS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.40 | +5.3% |
| Q3 2026 | $0.38 | +280% |
| Q2 2026 | $0.33 | +725% |
| Q1 2026 | $0.22 | +2100% |
| Q4 2025 | $0.19 | +850% |
| Q3 2025 | $0.10 | +43% |
| Q2 2025 | $0.04 | -64% |
| Q1 2025 | $0.01 | -92% |
| Q4 2024 | $0.02 | -83% |
FIGS has the edge over RIVN on earnings quality, reporting a profit while its opponent remains loss making.
RIVN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$2.25 | +$0.83 |
| Q2 2026 | -$2.58 | +$0.62 |
| Q1 2026 | -$2.92 | +$0.77 |
| Q4 2025 | -$3.07 | +$1.62 |
| Q3 2025 | -$3.08 | +$2.52 |
| Q2 2025 | -$3.20 | +$2.76 |
| Q1 2025 | -$3.69 | +$2.08 |
| Q4 2024 | -$4.69 | +$1.05 |
RIVN is still losing money, but far less than before: $2.25 per share over the past year, against $7.40 at its worst in late 2022.
FIGS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $190.7M | +26% |
| Q2 2026 | $196.6M | +29% |
| Q1 2026 | $159.9M | +28% |
| Q4 2025 | $201.9M | +33% |
| Q3 2025 | $151.7M | +8.2% |
| Q2 2025 | $152.6M | +5.8% |
| Q1 2025 | $124.9M | +4.7% |
| Q4 2024 | $151.8M | +4.8% |
FIGS's revenue has grown year over year for eight quarters in a row: $191M last quarter, up 26% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 12% | +5.3 points |
| Q2 2026 | 18% | +11 points |
| Q1 2026 | 2.8% | +3 points |
| Q4 2025 | 9.3% | +3.5 points |
| Q3 2025 | 6.3% | +13 points |
| Q2 2025 | 6.5% | +5.4 points |
| Q1 2025 | -0.2% | -0.5 points |
| Q4 2024 | 5.9% | -4 points |
FIGS has the edge over RIVN on profitability, with a higher operating margin.
RIVN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.2B | +38% |
| Q2 2026 | $1.7B | +27% |
| Q1 2026 | $1.4B | +11% |
| Q4 2025 | $1.3B | -26% |
| Q3 2025 | $1.6B | +78% |
| Q2 2025 | $1.3B | +13% |
| Q1 2025 | $1.2B | +3% |
| Q4 2024 | $1.7B | +32% |
RIVN's revenue is growing: $2.2B last quarter, up 38% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -41% | +22 points |
| Q2 2026 | -50% | +35 points |
| Q1 2026 | -64% | -11 points |
| Q4 2025 | -65% | -27 points |
| Q3 2025 | -63% | +71 points |
| Q2 2025 | -86% | +33 points |
| Q1 2025 | -53% | +70 points |
| Q4 2024 | -38% | +82 points |
RIVN's operating margin was −41% last quarter, up 22 points from the same quarter a year ago, near the top of its range since 2021.
FIGS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $51.2M | +9538% |
| Q2 2026 | $44.3M | +$57.8M |
| Q1 2026 | -$5.6M | -171% |
| Q4 2025 | $58.1M | +115% |
| Q3 2025 | $531K | -97% |
| Q2 2025 | -$13.5M | -279% |
| Q1 2025 | $7.9M | -29% |
| Q4 2024 | $27.1M | +98% |
FIGS has the edge over RIVN on cash generation, producing positive trailing cash flow while its opponent burns cash.
RIVN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$1.1B | -$703M |
| Q2 2026 | -$849M | -$451M |
| Q1 2026 | -$1.1B | -$549M |
| Q4 2025 | -$1.1B | -234% |
| Q3 2025 | -$421M | +$732M |
| Q2 2025 | -$398M | +$639M |
| Q1 2025 | -$526M | +$997M |
| Q4 2024 | $856M | +$2.3B |
RIVN has burned cash in almost every quarter: −$4.2B over the past year, against −$489M the year before.
FIGS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1% | -1.9M shares |
| 1 year | +6.9% | +12.4M shares |
| 3 years | +6.5% | +11.8M shares |
| 5 years | +23% | +36.4M shares |
| Available history | +21% | +33.1M shares |
FIGS has the edge over RIVN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $13.8M |
| Q2 2026 | $24M |
| Q1 2026 | $8.8M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $2.7M |
| Q4 2024 | $38.2M |
FIGS spent $47M buying back its own shares over the past year, up 14% from the year before.
RIVN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +9.1% | +121M shares |
| 1 year | +19% | +226M shares |
| 3 years | +52% | +494M shares |
RIVN has 1.4B diluted shares, up 19% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | $6M |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
FIGS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.8x | Net Cash |
| Q2 2026 | -1.4x | Net Cash |
| Q1 2026 | -1.4x | Net Cash |
| Q4 2025 | -1.7x | Net Cash |
| Q3 2025 | -1.3x | Net Cash |
| Q2 2025 | -2.7x | Net Cash |
| Q1 2025 | -9.5x | Net Cash |
| Q4 2024 | -9.6x | Net Cash |
FIGS has more cash than debt.
RIVN Net Leverage
RIVN's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
FIGS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 73.3 | Overbought |
| Stochastic | 87.1 | Overbought |
FIGS's weekly RSI is 73 (overbought) and its Stochastic is 87 (overbought).
RIVN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.5 | Neutral |
| Stochastic | 25.6 | Neutral |
RIVN's weekly RSI is 41 (neutral) and its Stochastic is 26 (neutral).
FIGS PE vs Consumer Cyclical Sector
| Metric | FIGS | Sector median | Relative |
|---|---|---|---|
| PE | 60x | 18x | 231% above |
| PE % | 32 | 54 | 22 pts below |
FIGS is trading at 60x earnings, a 231% premium to the Consumer Cyclical sector's median of 18x.
RIVN PE vs Consumer Cyclical Sector
RIVN has no meaningful PE right now: it lost money over the past year.
FIGS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $18.2 | 24% above |
| 20 week MA | $14.8 | 53% above |
| 50 week MA | $13.6 | 67% above |
| 100 week MA | $9.82 | 131% above |
| 200 week MA | $8.09 | 180% above |
FIGS has the edge over RIVN on trend strength, trading above more of its moving averages.
RIVN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $13.3 | 3.9% below |
| 20 week MA | $15.1 | 15% below |
| 50 week MA | $15.9 | 19% below |
| 100 week MA | $14.7 | 13% below |
| 200 week MA | $15.1 | 15% below |
RIVN is in a downtrend: it's below all five of its weekly moving averages, and 15% below its 200-week average.
FIGS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $34.2 | $26.4 | -23% |
| 2022 | $26.4 | $6.72 | -75% |
| 2023 | $6.72 | $6.95 | +3.4% |
| 2024 | $6.95 | $6.01 | -14% |
| 2025 | $6.01 | $11.8 | +97% |
| 2026 YTD | $11.8 | $22.7 | +92% |
FIGS has the edge over RIVN on returns for 2026, with the stronger performance.
RIVN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $130.0 | $96.8 | -25% |
| 2022 | $96.8 | $19.1 | -80% |
| 2023 | $19.1 | $23.5 | +23% |
| 2024 | $23.5 | $13.7 | -42% |
| 2025 | $13.7 | $20.9 | +53% |
| 2026 YTD | $20.9 | $12.8 | -39% |
RIVN has finished lower in three of the last five years. It's down 39% so far in 2026.