FIG

Company Overview — What Does Figma, Inc. Do?

Figma is where teams come together to turn ideas into the world’s best digital products and experiences. Every day, billions of people around the world use apps, websites, and other digital experiences that are made in Figma. They’re looking up directions on Google Maps; requesting rides with Uber; checking in for flights on JetBlue; streaming shows on Netflix; learning languages with Duolingo; asking questions of Claude; connecting on LinkedIn; buying goods on Mercado Libre; or booking stays and experiences with Airbnb. Behind each of these products is a cross-functional team responsible for bringing them to life. In Figma, designers work alongside developers, product managers (“PMs”), researchers, marketers, writers, and other non-designers who, in the three months ended March 31, 2025, made up two-thirds of our more than 13 million monthly active users(1). Together, these teams share and explore ideas, align on a vision, visualize concepts, and translate them into coded products — all on a single, connected, AI-powered platform that collaborators around the world can access with a URL. Our focus on the entire lifecycle of software creation reflects our ability to rapidly bring new products onto Figma’s browser-based platform and our belief that design spans far beyond a single step or role. We take this expansive view because design is more than how something looks, or even feels; design is also how something works — and in today’s increasingly digital-first world, what sets brands and companies apart. As AI makes software much easier to create, and as organizations across industries and geographies continue to invest heavily in digital transformation, better-designed digital products and experiences have become even more critical to a company’s success. That’s why 95% of the Fortune 500 and 78% of the Forbes Global 2000 used Figma in March 2025. These companies understand deeply that great design is what attracts and wins user loyalty, especially in a world where a business’ interactions with its customers are increasingly digital. Figma has been fortunate to play a part in, and benefit from, the growing global movement to elevate design and the craft of building software. Millions of people use Figma every week, often for hours a day, and as more users have come to our platform, our business has grown. (1) We define monthly active users as the number of unique users that access at least one of our products during a given month. A Paid Customer typically includes multiple unique users. When reporting monthly active users during a quarter or other period of time, we report the number of monthly active users during the month with the highest number of active users during such period. Our principal executive offices are located in San Francisco, California. Figma, Inc. (FIG) is classified as a large-cap stock in the Technology sector, specifically within the Computer Software industry. The company is led by CEO Dylan Field and employs approximately 1,646 people, headquartered in SAN FRANCISCO, California. With a market capitalization of $10.7B, FIG is one of the prominent companies in the Technology sector.

Figma, Inc. (FIG) Stock Rating — Reduce (April 2026)

As of April 2026, Figma, Inc. receives a Reduce rating with a composite score of 30.8/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.FIG ranks #3,766 out of 4,446 stocks in our coverage universe. Within the Technology sector, Figma, Inc. ranks #449 of 584 stocks, placing it in the lower half of its Technology peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

FIG Stock Price and 52-Week Range

Figma, Inc. (FIG) currently trades at $18.18. The stock lost $0.90 (4.7%) in the most recent trading session. The 52-week high for FIG is $142.92, which means the stock is currently trading -87.3% from its annual peak. The 52-week low is $18.41, putting the stock -1.2% above its annual trough. Recent trading volume was 16.6M shares, indicating strong institutional interest and high liquidity.

Is FIG Overvalued or Undervalued? — Valuation Analysis

Figma, Inc. (FIG) carries a value factor score of 23/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-book ratio stands at 7.32x, versus the sector average of 3.16x. The price-to-sales ratio is 2.62x, compared to 1.06x for the average Technology stock.

At current multiples, Figma, Inc. trades at a premium to most Technology peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

Figma, Inc. Profitability — ROE, Margins, and Quality Score

Figma, Inc. (FIG) earns a quality factor score of 33/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -331.1%, compared to the Technology sector average of -1.4%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -213.0% versus the sector average of -1.0%.

On a margin basis, Figma, Inc. reports gross margins of 82.4%, compared to 50.9% for the sector. The operating margin is -122.2% (sector: -0.5%). Net profit margin stands at -118.4%, versus -1.5% for the average Technology stock. Revenue growth is running at 38.0% on a trailing basis, compared to 14.2% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

FIG Debt, Balance Sheet, and Financial Health

Figma, Inc. has a debt-to-equity ratio of 55.0%, compared to the Technology sector average of 43.0%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. The current ratio is 2.58x, indicating strong short-term liquidity. Total debt on the balance sheet is $0. Cash and equivalents stand at $340M.

FIG has a beta of 0.11, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for Figma, Inc. is 34/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

Figma, Inc. Revenue and Earnings History — Quarterly Trend

In TTM 2026, Figma, Inc. reported revenue of $1.06B and earnings per share (EPS) of $-3.71. Net income for the quarter was $-1.25B. Gross margin was 82.4%. Operating income came in at $-1.29B.

In FY 2025, Figma, Inc. reported revenue of $1.06B and earnings per share (EPS) of $-3.71. Net income for the quarter was $-1.25B. Gross margin was 82.4%. Operating income came in at $-1.29B.

In Q3 2025, Figma, Inc. reported revenue of $274M and earnings per share (EPS) of $-2.72. Net income for the quarter was $-1.10B. Gross margin was 69.4%. Operating income came in at $-1.14B.

In Q2 2025, Figma, Inc. reported revenue of $250M and earnings per share (EPS) of $0.00. Net income for the quarter was $28M. Gross margin was 88.8%. Operating income came in at $2M.

Over the past 4 quarters, Figma, Inc. has demonstrated a growth trajectory, with revenue expanding from $250M to $1.06B. Investors analyzing FIG stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

FIG Dividend Yield and Income Analysis

Figma, Inc. (FIG) does not currently pay a dividend. This is common among growth-oriented companies in the Computer Software industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Technology dividend stocks may want to explore other Technology stocks or use the stock screener to filter by dividend yield.

FIG Momentum and Technical Analysis Profile

Figma, Inc. (FIG) has a momentum factor score of 19/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 25/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 68/100 reflects moderate short selling activity.

FIG vs Competitors — Technology Sector Ranking and Peer Comparison

Within the Technology sector, Figma, Inc. (FIG) ranks #449 out of 584 stocks based on the Blank Capital composite score. This places FIG in the lower half of all Technology stocks in our coverage universe. Key competitors and sector peers include IHS Holding Ltd (IHS) with a score of 55.0/100, VERISIGN INC/CA (VRSN) with a score of 56.0/100, ESCO TECHNOLOGIES INC (ESE) with a score of 51.7/100, CareCloud, Inc. (CCLD) with a score of 46.9/100, and MMTec, Inc. (MTC) with a score of 47.4/100.

Comparing FIG against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full FIG vs S&P 500 (SPY) comparison to assess how Figma, Inc. stacks up against the broader market across all factor dimensions.

FIG Next Earnings Date

No upcoming earnings date has been announced for Figma, Inc. (FIG) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy FIG? — Investment Thesis Summary

The quantitative profile for Figma, Inc. suggests caution. The quality score of 33/100 flags below-average profitability. The value score of 23/100 indicates premium valuation. Momentum is weak at 19/100, a headwind for near-term performance. High volatility (stability score 34/100) increases portfolio risk.

In summary, Figma, Inc. (FIG) earns a Reduce rating with a composite score of 30.8/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on FIG stock.

Related Resources for FIG Investors

Explore more research and tools: FIG vs S&P 500 comparison, top Technology stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare FIG head-to-head with peers: FIG vs IHS, FIG vs VRSN, FIG vs ESE.