FIGS Results Presentation Deck

Q2 2023 Operating Expense 62.8% 23.9% 17.0% 21.9% Q2 '22 G&A Marketing (% of net revenues) 64.7% 25.2% 15.1% 24.4% Q2 '23 Selling OFIGS The increase in selling expense as a percentage of net revenues was primarily driven by higher fulfillment expenses, due to increased storage costs and, to a lesser extent, the impact from international duty subsidies. The decrease in marketing expense as a percentage of net revenues was primarily due to timing shifts in brand marketing investments related to ambassador activations and out of home advertising. The increase in general and administrative expense as a percentage of net revenues was primarily due to an increase in salaries, bonuses and stock-based compensation as we continue to invest in people. Navigated transitory cost headwinds; continued investments in long term growth

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