FIGS Results Presentation Deck

Non-GAAP Financial Measures and Key Operating Metrics (cont.) The following table presents a reconciliation of adjusted EBITDA to net income, which is the most directly comparable financial measure calculated in accordance with GAAP, and presents adjusted EBITDA margin with net income margin, which is the most directly comparable financial measure calculated in accordance with GAAP: (in thousands, except percentages) Net income Add (deduct): Other income, net Provision for income taxes Depreciation and amortization expense Stock-based compensation and related expense(2) Expenses related to non-ordinary course disputes (3) Adjusted EBITDA Net Revenue Net income margin() Adjusted EBITDA margin $ $ $ 2023 Three Months Ended June 30, (unaudited) 4,581 $ (1,517) 3,501 713 11,618 18,896 138,132 3.4% 13.7% $ $ (in thousands) Net cash (used in) provided by operating activities Less: capital expenditures Free cash flow 2022 $ $ 4,852 (70) 4,669 433 8,808 2,787 21,479 2023 122,247 4.1% 17.6% $ $ $ Six months ended June 30, 2023 (unaudited) 26,520 $ (1,613) 24,907 Six Months Ended June 30, $ (unaudited) 6,490 $ (2,588) 5,961 1,372 22,482 1,256 34,973 258,364 2.5% 13.5% (1) Excludes amortization of debt issuance costs included in "Other income, net." (2) Includes stock-based compensation expense and payroll taxes related to equity award activity. (3) Exclusively represents attorney's fees, costs and expenses incurred by the Company in connection with the Company's now-concluded litigation against Strategic Partners, Inc. (4) Net income margin represents net income as a percentage of net revenues. The following table presents a reconciliation of free cash flow to net cash (used in) provided by operating activities, which is the most directly comparable financial measure calculated in accordance with GAAP: 2022 $ $ (26,535) (1,727) (28,262) 2022 13,751 (78) 9,523 808 17,254 5,204 46,462 232,348 5.9% 20.0% OFIGS

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