Figma (FIG) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Figma

NYSE•Technology•Software - Application

$22.68+0.54(0.02%)Market open

Market Cap

$11.97B

P/S

7.9x

P/B

8.1x

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.

How this company scores

WeakMetricSide Score: 39/100

Strongest: Balance Sheet & Red Flags (15/25); weakest: Profitability (5/25).

Profitability5/25

Growth10/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality9/25

Strengths

Interest easily coveredConsistent growthNet cash positionImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 7.9x5y range 7.6x – 7.9x

P/B · 8.1x5y range 7.2x – 26.1x

Currently below its 5-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

FCF consistently trails net income (avg -0.3x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $11.97B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.51B
Q. Revenue: $370.08M
TTM EBITDA: $-1.53B
TTM Op. Income: $-1.55B
Q. Op. Income: $-117.29M
TTM Net Income: $-1.53B
Q. Net Income: $-112.15M
EPS: $-0.21
Shares Out.: $527.46M

$1.51B in TTM revenue grew from zero YoY, reaching $370.08M last quarter. TTM EBITDA of $-1.53B and TTM operating income of $-1.55B show growth is flowing through to the bottom line. However, net income is negative at $1.53B — growth is not yet reaching the bottom line. Across the last 5 quarters, TTM revenue has risen for 2 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 83.7%
EBITDA Margin: -30.6%
Op. Margin: -31.7%
Net Margin: -30.3%

Op. margin of -31.7% is down 32.5% YoY — costs are rising relative to revenue. Net margin at -30.3% and gross margin of 83.7% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 3911% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 7.9x
P/B Ratio: 8.1x

P/S of 7.9x and P/B of 8.1x.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $2.35B
Cash: $445.85M
Long-Term Debt: N/A
Book Value: $1.48B
D/E Ratio: N/A
Debt/EBITDA: N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $60.89M
TTM Free Cash Flow: $232.31M
FCF Margin: 15.4%
FCF / Net Income: -0.2

TTM FCF of $232.31M on $60.89M in operating cash flow. The FCF / Net Income ratio of -0.2x means the business consumes cash — it is not yet self-funding. Across the last 5 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.