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Friday 6 November 2026
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Figma, Inc.
FIG Technology Software Application
Figma, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.1 billion, up 41.0% from fiscal 2024.
- Revenue
- +42.8%
- EPS
- +94.5%
- Free cash flow
- −5.62%
Quarter to September 2026, against a year earlier
18.92
0.15
+0.80%
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Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | 505 | 749 | 1,056 | 1,399 | +44.6% | 1,470 | 1,822 | 2,263 | +28.9% | |
| Gross margin, % | — | — | — | — | — | — | — | 91.19 | 88.32 | 82.43 | 81.38 | (8.8) pt | ||||||
| EBT | — | — | — | — | — | — | — | 946 | (793) | (1,226) | (528) | n/m | ||||||
| EBT margin, % | — | — | — | — | — | — | — | 187.36 | (105.88) | (116.09) | (37.71) | (303.4) pt | ||||||
| Net income | — | — | — | — | — | — | — | 738 | (732) | (1,250) | (562) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | — | — | 3.00 | 3.83 | 3.13 | 2.63 | +2.2% | |||||
| Earnings | — | — | — | — | — | — | — | 1.70 | (3.74) | (3.71) | (1.07) | n/m | ||||||
| Cash flow | — | — | — | — | — | — | — | 6.22 | (0.32) | 0.74 | 0.46 | (65.4%) | ||||||
| Capex | — | — | — | — | — | — | — | (0.04) | (0.04) | (0.04) | (0.05) | +1.3% | ||||||
| Free cash flow | — | — | — | — | — | — | — | 6.18 | (0.35) | 0.70 | 0.42 | (66.2%) | ||||||
| Book value | — | — | — | — | — | — | — | 6.19 | 6.77 | 4.48 | 2.90 | (14.9%) | ||||||
| Shares, m | — | — | — | — | — | — | — | 168 | 196 | 337 | 480 | +41.5% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | 270.62 | 270.62 | 0.00 | 0.00 | 180.4 | |||||
| P/S | — | — | — | — | — | — | — | 27.80 | 27.80 | 11.93 | 7.14 | 22.5 | ||||||
| P/B | — | — | — | — | — | — | — | 22.63 | 22.63 | 8.34 | 6.76 | 17.9 | ||||||
| EV/Sales | — | — | — | — | — | — | — | 26.02 | 26.02 | 10.36 | 5.91 | 20.8 | ||||||
| EV/FCF | — | — | — | — | — | — | — | 81.40 | 81.40 | 46.21 | 38.70 | 69.7 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | — | — | 1,047 | (62) | 251 | 246 | (51.1%) | |||||
| Capex | — | — | — | — | — | — | — | (6) | (7) | (13) | (25) | +43.2% | ||||||
| Free cash flow | — | — | — | — | — | — | — | 1,041 | (69) | 237 | 222 | (52.2%) | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | — | — | 993 | 1,191 | 1,229 | 1,223 | +11.3% | |||||
| Net debt | — | — | — | — | — | — | — | (1,419) | (1,458) | (1,656) | (1,720) | +8.0% | ||||||
| Shareholders’ equity | — | — | — | — | — | — | — | 1,043 | 1,324 | 1,511 | 1,544 | +20.3% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | — | — | — | 0.00 | (43.13) | (60.39) | (24.65) | (60.4) pt | |||||
| ROIC | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 pt | ||||||
| ROE | — | — | — | — | — | — | — | 0.00 | (85.85) | (99.83) | 0.00 | (99.8) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | — | — | — | 1,646 | 1,886 | — | +14.6% | |||||
| Revenue/emp, $m | — | — | — | — | — | — | — | 0.00 | 0.46 | 0.56 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 4 Nov 2026
Business profile
Figma, Inc. vs peers in Software Application (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| GRAB Grab Holdings Limited | $14.2B | 25.9× | 19.3× | +27.38% (above 0%: growing) | −56.00% (below 0%: shrinking) | +108.44% (above 0%: growing) | 46.49% | 9.71% | Compare |
| BSY Bentley Systems, Incorporated | $13.6B | 43.3× | 39.1× | +12.24% (above 0%: growing) | +61.11% (above 0%: growing) | −8.34% (below 0%: shrinking) | 82.93% | 29.09% | Compare |
| DT Dynatrace, Inc. | $12.5B | 79.3× | 70.5× | +17.43% (above 0%: growing) | +23.84% (above 0%: growing) | +29.38% (above 0%: growing) | 80.56% | 16.49% | Compare |
| PCOR Procore Technologies, Inc. | $11.5B | — (loss-making) | 811× | +18.73% (above 0%: growing) | n/m | +41.27% (above 0%: growing) | 80.44% | (1.79%) | Compare |
| CHYM Chime Financial, Inc. | $11.4B | 150× | 59.6× | +32.10% (above 0%: growing) | n/m | +815.52% (above 0%: growing) | 89.98% | 4.78% | Compare |
| PAYC Paycom Software, Inc. | $11.1B | 23.8× | 24.7× | +10.24% (above 0%: growing) | +52.79% (above 0%: growing) | +105.01% (above 0%: growing) | 0.00% | 36.01% | Compare |
| HUBS HubSpot, Inc. | $10.2B | 49.0× | 63.1× | +17.05% (above 0%: growing) | +441.94% (above 0%: growing) | +13.74% (above 0%: growing) | 82.62% | 7.59% | Compare |
| FIG Figma, Inc. | $9.8B | — (loss-making) | — (loss-making) | +42.76% (above 0%: growing) | n/m | −5.62% (below 0%: shrinking) | 80.33% | (30.44%) | |
| FROG JFrog Ltd. | $9.2B | — (loss-making) | — (loss-making) | +28.73% (above 0%: growing) | n/m | +51.58% (above 0%: growing) | 77.93% | (8.09%) | Compare |
| Median of peers | $11.5B | 46.1× | 59.6× | +18.08% | +52.79% | +46.43% | 80.50% | 8.65% |
From the latest earnings call
- CEO Dylan Field said Figma’s MCP server was bringing new teams to the platform, while customers using it expanded their full seats faster than others.
- CFO Praveer Melwani said AI add-on utilization rose after credit repricing, and the company incorporated recent adoption signals into its outlook.
Largest institutional holders 13F, quarter to 30 June 2026
Held by institutions
68.72%
Held by the ten largest
44.12%
| Holder | Shares | Stake | Change |
|---|---|---|---|
| Greylock XIV GP LLC | 58.42m | 10.96% | 0.00 |
| Index Venture Associates VI Ltd | 54.81m | 10.28% | −2.85m |
| SC US (TTGP), LTD. | 26.73m | 5.01% | +1.00 |
| Vanguard | 19.54m | 3.67% | +618.60k |
| Fidelity (FMR) | 17.52m | 3.29% | −3.22m |
| T. Rowe Price | 16.92m | 3.17% | +4.40m |
| Two Sigma | 12.73m | 2.39% | +1.57m |
| UBS | 12.72m | 2.39% | +4.66m |
| Goldman Sachs | 8.22m | 1.54% | +2.02m |
| Citadel Advisors | 7.58m | 1.42% | +4.75m |
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.
Figma, Inc. (FIG) Latest News
5 Nov
15 Oct
29 Sep
24 Sep
27 Aug
6 Aug
FIG metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Shares outstanding
- Book value per share
Figma sells software that helps teams turn ideas into digital products, such as websites and apps. Its browser-based platform gives designers, developers, product managers, marketers and other colleagues a shared place to explore ideas, make designs and prepare them for production. People can work in the same file at the same time, even when they are in different locations.
Figma Design is used to create mock-ups and prototypes, while Figma Draw provides tools for detailed vector editing. FigJam supports brainstorming and diagrams, and Figma Slides lets teams make presentations together. Dev Mode gives developers access to design details and code snippets as they translate designs into working software.