(FIG) Figma - Overview
Sector: Technology | Industry: Software - Application | Exchange: NYSE (USA) | Market Cap: 13.474m USD | Total Return: -81.2% in 12m
Avg Turnover: 364M
Rev. Trend: 99.9%
Warnings
Altman Z'' -1.78 < 1.0 - financial distress zone
Below Avwap Earnings
Tailwinds
Confidence
Figma, Inc. (NYSE: FIG) provides a collaborative, browser-based suite for digital product design and development. Its core ecosystem includes Figma Design for prototyping, Dev Mode for code translation, and FigJam for whiteboarding. The company operates within the Application Software sector, primarily utilizing a Software-as-a-Service (SaaS) model where revenue is generated through recurring subscriptions.
The company has expanded its platform through AI integration and strategic acquisitions, such as the headless content management system Payload CMS. New tools like Figma Slides and Figma Make utilize generative AI to automate asset creation and functional prototyping. In the professional design market, browser-based collaboration reduces friction by eliminating the need for local file synchronization across distributed teams.
Investors can examine detailed valuation metrics on ValueRay to further their analysis.
- Enterprise seat expansion drives recurring revenue through collaborative design tool adoption
- Dev Mode monetization accelerates growth by bridging design and engineering workflows
- AI tool integration improves product stickiness and supports premium tier pricing
- Regulatory scrutiny and competition from Adobe impact market share and valuation
- Corporate digital transformation spending dictates demand for prototyping and site tools
| Net Income: -1.47b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA 12.15 > 1.0 |
| NWC/Revenue: 100.1% < 20% (prev 149.8%; Δ -49.75% < -1%) |
| CFO/TA 0.11 > 3% & CFO 250.8m > Net Income -1.47b |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 2.50 > 1.5 & < 3 |
| Outstanding Shares: last quarter (523.5m) vs 12m ago 10.25% < -2% |
| Gross Margin: 79.78% > 18% (prev 88.53%; Δ -8.75% > 0.5%) |
| Asset Turnover: 55.21% > 50% (prev 42.88%; Δ 12.34% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBIT TTM and Interest Expense TTM) |
| A: 0.51 (Total Current Assets 1.94b - Total Current Liabilities 774.5m) / Total Assets 2.29b |
| B: -0.69 (Retained Earnings -1.59b / Total Assets 2.29b) |
| C: -0.70 (EBIT TTM -1.47b / Avg Total Assets 2.10b) |
| D: 1.75 (Book Value of Equity 1.46b / Total Liabilities 833.8m) |
| Altman-Z'' = -1.78 = D |
| DSRI: 1.18 (Receivables 188.4m/113.1m, Revenue 1.16b/821.0m) |
| GMI: 1.11 (GM 88.53% / 79.78%) |
| AQI: 1.93 (AQ_t 0.12 / AQ_t-1 0.06) |
| SGI: 1.41 (Revenue 1.16b / 821.0m) |
| TATA: -0.75 (NI -1.47b - CFO 250.8m) / TA 2.29b) |
| Beneish M = -2.01 (Cap -4..+1) = BB |
As of June 07, 2026, the stock is trading at USD 21.75 with a total of 15,535,250 shares traded.
Over the past week, the price has changed by -14.71%,
over one month by +12.00%,
over three months by -28.22% and
over the past year by -81.17%.
Figma has no consensus analysts rating.
P/E Forward = 92.5926
P/S = 11.6049
P/B = 9.2477
P/EG = 4.6364
Revenue TTM = 1.16b USD
EBIT TTM = -1.47b USD
EBITDA TTM = -1.45b USD
Long Term Debt = 53.6m USD (estimated: total debt 56.2m - short term 2.54m)
Short Term Debt = 2.54m USD (from shortTermDebt, last quarter)
Debt = 56.2m USD (from shortLongTermDebtTotal, last quarter) (leases 56.2m already included)
Net Debt = -1.58b USD (calculated: Debt 56.2m - CCE 1.64b)
Enterprise Value = 11.9b USD (13.5b + Debt 56.2m - CCE 1.64b)
Interest Coverage Ratio = unknown (Ebit TTM -1.47b / Interest Expense TTM 0.0)
EV/FCF = 50.09x (Enterprise Value 11.9b / FCF TTM 237.4m)
FCF Yield = 2.00% (FCF TTM 237.4m / Enterprise Value 11.9b)
FCF Margin = 20.45% (FCF TTM 237.4m / Revenue TTM 1.16b)
Net Margin = -126.2% (Net Income TTM -1.47b / Revenue TTM 1.16b)
Gross Margin = 79.78% ((Revenue TTM 1.16b - Cost of Revenue TTM 234.7m) / Revenue TTM)
Gross Margin QoQ = 79.41% (prev 82.12%)
Tobins Q-Ratio = 5.19 (Enterprise Value 11.9b / Total Assets 2.29b)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 56.2m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -1.16b (EBIT -1.47b * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 2.50 (Total Current Assets 1.94b / Total Current Liabilities 774.5m)
Debt / Equity = 0.04 (Debt 56.2m / totalStockholderEquity, last quarter 1.46b)
Debt / EBITDA = 1.09 (negative EBITDA) (Net Debt -1.58b / EBITDA -1.45b)
Debt / FCF = -6.66 (Net Debt -1.58b / FCF TTM 237.4m)
Total Stockholder Equity = 1.45b (last 4 quarters mean from totalStockholderEquity)
RoA = -69.68% (Net Income -1.47b / Total Assets 2.29b)
RoE = -101.3% (Net Income TTM -1.47b / Total Stockholder Equity 1.45b)
RoCE = -97.88% (EBIT -1.47b / Capital Employed (Equity 1.45b + L.T.Debt 53.6m))
RoIC = -79.37% (negative operating profit) (NOPAT -1.16b / Invested Capital 1.46b)
WACC = 11.54% (E(13.5b)/V(13.5b) * Re(11.59%) + D(56.2m)/V(13.5b) * Rd(0.0%) * (1-Tc(0.21)))
Discount Rate = 11.59% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 56.24 | Cagr: 3.22%
[DCF] Terminal Value 65.11% ; FCFF base≈237.4m ; Y1≈238.4m ; Y5≈252.5m
[DCF] Fair Price = 9.26 (EV 2.55b - Net Debt -1.58b = Equity 4.13b / Shares 445.7m; r=11.54% [WACC]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: 99.92 | Revenue CAGR: 44.61% | SUE: N/A | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.04 | Chg30d=N/A | Revisions=+40% | Analysts=11
EPS next Quarter (2026-09-30): EPS=0.06 | Chg30d=-2.89% | Revisions=+33% | Analysts=11
EPS current Year (2026-12-31): EPS=0.27 | Chg30d=+18.19% | Revisions=+67% | GrowthEPS=-8.3% | GrowthRev=+35.1%
EPS next Year (2027-12-31): EPS=0.34 | Chg30d=+17.70% | Revisions=+67% | GrowthEPS=+22.7% | GrowthRev=+21.3%
[Analyst] Revisions Ratio: +67%