Figma, Inc. (FIG) Stock Analysis
Technology · Software - Application · NYSE
Figma, Inc. (FIG) posted $1.06B in revenue for fiscal 2025 (up 41.0% year over year), with a net loss of $1.25B, and has compounded revenue about 44.6%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Figma, Inc.
Figma, Inc. has grown revenue from $504.87M to $1.06B over the last 3 fiscal years, compounding about 44.6% a year. The most recent year was up 41%, so growth has cooled from its longer-run pace.
Net margin sits at -118.4%, down 20.7 points year over year on a 82.4% gross margin.
At today's valuation the market is pricing in roughly 17.9% annual free-cash-flow growth. The one thing worth a second look in the filings is receivables growing faster than sales.
Synthesised from Figma, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Figma, Inc. revenue & earnings — last 3 fiscal years
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | $504.87M | $749.01M | $1.06B |
| Gross profit | $460.37M | $661.50M | $870.26M |
| Net income | $285.86M | $-732.12M | $-1.25B |
| Net margin | 56.6% | -97.7% | -118.4% |
Source: Figma, Inc. SEC filings (10-K).
Figma, Inc.: 2 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Receivables growing faster than salesAccounts receivable rose 88.8% while revenue rose 41.0% in the latest year — a gap that can signal looser credit terms or pulled-forward sales. Worth checking days-sales-outstanding.
- Currently unprofitableThe latest fiscal year was a net loss (net margin -118.4%).
What growth is priced into FIG stock?
At today's market cap of $10.06B, Figma, Inc. is priced for free-cash-flow growth of about 17.9% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $237.44M from the FY ending 2025-12-31). This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 3 years of Figma, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Figma, Inc. financial history by metric
About Figma, Inc.
Figma, Inc. develops and sells a collaborative, browser-based platform for designing, prototyping, building digital experiences, and subscriptions for access to its platform. 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 decisions, and move work forwardall 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, which publishes brand templates to create social media assets, display ads, one-pagers, and others; Figma Sites to design, prototype, and publish; Payload CMS is an open-source, headless content management system and application framework acquired by Figma; Figma Make, an AI tool to design and prompt way to a functional prototype; Figma Weave for AI-powered media generation and editing. The company was incorporated in 2012 and is headquartered in San Francisco, California.
Figma, Inc. — frequently asked questions
What is Figma, Inc.'s revenue?
Figma, Inc. (FIG) reported revenue of $1.06B for fiscal year 2025, up 41.0% from the prior year, according to its SEC filings.
Is Figma, Inc. profitable?
No — FIG reported a net loss of $-1.25B in fiscal 2025.
What is FIG's P/E ratio?
Figma, Inc. trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How fast is Figma, Inc. growing?
FIG's revenue grew at roughly 44.6% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Figma, Inc. have?
As of fiscal year 2025, FIG carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Figma, Inc.'s gross margin?
FIG's gross margin was 82.4% in fiscal 2025 — gross profit of $870.26M on revenue of $1.06B.
What is Figma, Inc.'s market cap?
Figma, Inc. (FIG) has a market capitalization of about $10.06B, based on the latest data in our nightly-refreshed cache.
When does Figma, Inc.'s fiscal year end?
FIG's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into FIG stock?
At today's market cap of $10.06B, Figma, Inc. is priced for free-cash-flow growth of about 17.9% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $237.44M from the FY ending 2025-12-31).
Where does this data come from?
All figures are computed from Figma, Inc.'s official SEC filings (10-K and 10-Q), covering 3 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.