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FIGFigma, Inc.
$21.34$10.4B
Overview & Verdict
Overview
Valuation & Forecasts
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FIG logoFigma, Inc.(FIG)Earnings, Financials & Key Ratios

FIG•NYSE
$19.49
Price updated Jul 2, 2026
SectorTechnologyIndustryApplication SoftwareSub-IndustryEngineering design and simulation software
AboutFigma, Inc. develops a browser-based tool for designing user interfaces that helps design and development teams build various products. The company offers Figma Design, a collaborative design tool for teams that explore ideas and gather feedback, build realistic prototypes, and streamline product development with design systems; Dev Mode to inspect designs and translate them into code without changing the design file; FigJam to define ideas, align on decisions, and move work forward—all in one place; and Figma Slides, a presentation tool built for designers and their teams. It also provides Figma Draw to create expressive designs with illustration tools; Figma Buzz that publishes brand templates to create social media assets, display ads, one-pagers, and others; Figma Sites to design, prototype, and publish; and Figma Make, an AI tool to design and prompt way to a functional prototype. The company was incorporated in 2012 and is headquartered in San Francisco, California.Show more
  • Revenue$1.06B+41.0%
  • EBITDA-$1.27B-46.6%
  • Net Income-$1.25B-70.8%
  • EPS (Diluted)-2.45+21.2%
  • Gross Margin82.43%-6.7%
  • EBITDA Margin-120.75%-4.0%
  • Operating Margin-122.23%-4.3%
  • Net Margin-118.44%-21.2%
  • ROE-88.23%-42.6%

FIG Price & Volume

Figma, Inc. (FIG) stock price & volume — 10-year historical chart

Loading chart...

Rapid Revenue Scaling Amidst Significant Margin Volatility

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Accelerating
Profitability:Negative
Financial:Mixed
Cash Flow:Robust
Primary Risk:Operating margin volatility

Key Thesis Takeaways

  • Figma demonstrates robust top-line momentum with 46.1% year-over-year revenue growth in 2026Q1, though this expansion is currently obscured by heavy R&D investment and non-recurring costs related to the terminated Adobe merger.
  • While the company maintains an asset-light model with a low 2.6% CapEx/Revenue ratio, investors should monitor the ongoing contraction in gross margins, which fell to 79.4% in 2026Q1 from a 92.4% peak.
  • The long-term outlook remains tied to the company's ability to convert its $627.7 million in deferred revenue into sustainable GAAP profitability while managing the impact of massive stock-based compensation expenses.

Verdict Logic

while the company shows impressive 46.1% revenue growth, the extreme volatility in net income and the $1.6 billion retained earnings deficit suggest that investors should wait for more consistent GAAP profitability before committing capital.

FIG Growth Metrics

Figma, Inc. (FIG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years-
3 Years-
TTM-

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-

Return on Capital

10 Years-56.14%
5 Years-56.14%
3 Years-56.14%
Last Year-88.44%

FIG Recent Earnings

Figma, Inc. (FIG) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 4/11 qtrs (100%)●Beat Revenue 3/11 qtrs (75%)
Q2 2026Latest
May 14, 2026
Metric
Actual
Est
EPS
$0.10+57.9%
$0.06
Rev
$333M+5.5%
$316M
Q1 2026
Feb 18, 2026
Metric
Actual
Est
EPS
$0.08+14.3%
$0.07
Rev
$304M+3.6%
$293M
Q4 2025
Nov 5, 2025
Metric
Actual
Est
EPS
$0.10+119.5%
$0.05
Rev
$274M+3.9%
$264M
Q3 2025
Jul 28, 2025
Metric
Actual
Est
EPS
$0.18+122.5%
$0.08
Rev
$228M-8.2%
$249M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 14, 2026
$0.10vs $0.06+57.9%
$333Mvs $316M+5.5%
Q1 2026Feb 18, 2026
$0.08vs $0.07+14.3%
$304Mvs $293M+3.6%
Q4 2025Nov 5, 2025
$0.10vs $0.05+119.5%
$274Mvs $264M+3.9%
Q3 2025Jul 28, 2025
$0.18vs $0.08+122.5%
$228Mvs $249M-8.2%
Based on last 11 quarters of dataView full earnings history →

Latest FIG News

Recent stock market news and headlines for Figma, Inc. (FIG)

Seeking Alpha·Jun 27, 2026
Figma: The Stock Fell On AI Fear, But AI May Be The Rerating Trigger

Figma is evolving from a design tool to a comprehensive AI-driven product-creation platform, positioning itself beyond traditional design software. AI integration is a double-edged sword: while it threatens seat-based models, Figma's platform-centric approach and AI credits could drive new monetization and user expansion. Q1 2026 results show 46% revenue growth, 139% net dollar retention, and 27% free cash flow margin, supporting a 5.7x forward EV/revenue valuation.

Invezz·Jun 26, 2026
Figma stock has plunged amid SaaSpocalypse fears: Is this an unfair punishment?

Figma's stock price has imploded since its initial public offering (IPO) last year as the exuberance that fueled its private-market valuation collided with the realities of life as a publicly traded company. FIG dropped to $16 on Thursday, down sharply from the all-time high of $142.

24/7 Wall Street·Jun 25, 2026
Price Prediction: Figma Stock Could Double This Year

Few stocks have fallen as far, as fast, as Figma (NYSE:FIG).

Zacks Investment Research·Jun 25, 2026
FIG vs. ADSK: Which Design SaaS Stock is a Safer Bet in the AI Era?

Figma and Autodesk are racing to embed AI into design software. See which company's growth outlook, margins and valuation stand out.

Peers Comparison

Key metrics vs top competitors for Figma, Inc. (FIG)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
FIG logoFIGFigma, Inc.Current
$19.49$9.5B-7.9640.96%-118.44%-88.23%—
ADBE logoADBEAdobe Inc.
$210.98$83.86B12.6310.53%28.69%62.39%—
CXM logoCXMSprinklr, Inc.
$5.32$1.31B59.917.64%3.29%5.25%—
CNVS logoCNVSCineverse Corp.
$2.86$60.9M-5.84-15.92%-13.44%-22.88%—
DSGN logoDSGNDesign Therapeutics, Inc.
$14.66$915.62M-12.02——-33.07%—
MSFT logoMSFTMicrosoft Corporation
$384.28$2.85T28.1714.93%39.34%33.13%—

Compare FIG vs Peers

Figma, Inc. (FIG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ADBE

Most directly comparable listed peer for FIG.

Scale Benchmark

vs GOOGL

Larger-name benchmark to compare FIG against a more recognizable public peer.

Peer Set

Compare Top 5

vs ADBE, CXM, CNVS, DSGN

FIG SEC Filings & Documents

Figma, Inc. (FIG) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

5
Material company update

May 14, 2026·SEC

Material company update

Apr 15, 2026·SEC

Material company update

Feb 18, 2026·SEC

10-K Annual Reports

1
FY 2026

Feb 18, 2026·SEC

10-Q Quarterly Reports

3
FY 2026

May 14, 2026·SEC

FY 2025

Nov 5, 2025·SEC

FY 2025

Sep 3, 2025·SEC

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FIG Frequently Asked Questions

Figma, Inc. (FIG) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Figma, Inc.'s revenue?

Figma, Inc. (FIG) reported $1.16B in revenue for fiscal year 2025. This represents a 130% increase from $504.9M in 2023.

How fast is Figma, Inc. growing?

Figma, Inc. (FIG) grew revenue by 41.0% over the past year. This is strong growth.

Is FIG profitable?

Figma, Inc. (FIG) reported a net loss of $1.47B for fiscal year 2025.

Dividend & Returns
What is FIG's return on equity?

Figma, Inc. (FIG) has a return on equity (ROE) of -88.2%. Negative ROE indicates the company is unprofitable.

What is Figma, Inc.'s free cash flow?

Figma, Inc. (FIG) generated $237.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in FIG back in 2023?

Total return calculator · dividends reinvested · 3+ years of data

See returns →