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FIG

Figma, Inc.

FIG

NYSE·Technology·Software - Application·Mkt cap $9.5B

$21.34

+9.49%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$16.60 - $142.92

P/E

-7.26

Fwd P/E

75.67

Beta

1.17

Div Yield

0.00%

Avg Vol

19.5M

Shares Out

487.5M

Mkt Cap

$9.5B

Price action

Price chart

Down 83.1% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Browser-based architecture enabling frictionless accessibility and real-time collaboration
  • Network effects from design system integration and team adoption
  • Comprehensive ecosystem of interconnected design and development tools
  • Strong developer integration with Dev Mode reducing design-to-code friction

Bear Case

2 risks

  • Average volatility.
  • Growth premium of 3.4x vs Enterprise SaaS peers. Significant premium - requires sustained high growth to justify.

Growth

Turning profitable

AI and automation adoption transforming design workflows

Value

Growth premium of 3.4x vs Enterprise SaaS peers. Significant premium - requires sustained high growth to justify.

Momentum

Weak

-8.4% over 3m

Quality

Excellent

High-growth business (41% revenue growth, 80% gross margin). Pre-profit but investing in growth.

Dividend

None

No dividend

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Aug 14, 2026

Q2 26 RECAP

MAY 14, 2026

Reported EPS of $0.10 vs $0.06 consensus (+66.7% surprise). Revenue of $333.4M vs $316.0M expected (+5.5%). Beat on both top and bottom lines.

EPS beat +66.7%
Rev beat +5.5%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+66.7%

Next: Aug 14, 2026

Revenue trend · last 8Q

+46%

+41%

+38%

+40%

+46%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$177.2M

$198.6M

$216.9M

$228.2M

$249.6M

$274.2M

$303.8M

$333.4M

Margins · last 8Q

Gross

Operating

Profit

-42.7%

Wall Street consensus

8 analysts · 38% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

3

38%

Hold

5

63%

Sell

0%

Median Price Target

$29.00

+35.9% vs $21.34

Low $25.00
Median $29.00
High $38.00

Latest: Wells Fargo · Jun 26, 2026

4 analysts covering

vs Industry

How FIG stacks vs Software - Application

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.