Figma, Inc
NYSE: FIG
Stock price
18.16 USD
(-84.28%) 5 years
Financial Performance
5Y price score: (129)
against the S&P 500 Index over a five-year period.
A score of 100 indicates that the stock did as well as the S&P 500 Index.
A score below 100 means the stock underperformed the index,
while a score above 100 means it outperformed the S&P 500.
10Y return: (84.3)%
US$ Per
Share
Earnings per share
Free cash flow per share
Stock price
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17.7
52-week range
142.9
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| Required return / cost of capital |
| FCFF terminal growth rate |
Valuation
Free Cash Flow Yield
2.8 %
Dividend Yield TTM
-
Market cap $
$ 8,852.3
Price / Earnings TTM
(3.8)
Price / Book TTM
6.1
PEG TTM
(0.2)
Earnings growth and return
LTM
5YR
10YR
Total return (price & dividends)
(84.3) %
(84.3) %
(84.3) %
Free cash flow per share growth
412.4 %
-
-
Earnings per share growth
21.2 %
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-
Business Summary:
all figures in USD Millions except per share data
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Latest Earnings Call Takeaways
2025 Q4 (Feb 18, 2026)
1) Strong Financial Performance
- Q4 2025 revenue reached $304 million, a 40% YoY growth, marking the best quarter for Figma.
- Full-year revenue totaled $1.056 billion, up 41% YoY.
- Net dollar retention rate for customers with over $10,000 in ARR increased to 136%, a 5 percentage point improvement QoQ.
- Gross profit for Q4 was $262 million, with a gross margin of 86%.
- Adjusted free cash flow for Q4 was $38 million, with a margin of 13%.
2) Product Expansion and Innovation
- Figma expanded its product offerings from 4 to 8 in 2025, launching over 200 features, including AI-native functionalities.
- The new integration with Claude Code allows seamless transitions from code to design, enhancing user experience.
- Figma Make saw a 70% increase in weekly active users QoQ, with over 50% of high-spending customers using it weekly.
- The acquisition of Weavy enhances creative capabilities, integrating AI image and video generation into Figma.
3) Customer Engagement and Retention
- Figma added 951 net customers spending over $10,000 in ARR in Q4, with a 46% YoY growth in the tier spending over $100,000.
- The company has 67 customers now spending over $1 million in ARR, a 68% YoY increase.
- Strong engagement across customer tiers, with notable expansions in various sectors, including tech and finance.
- The company is increasingly partnering with IT teams to drive platform adoption across organizations.
4) Guidance and Future Outlook
- For Q1 2026, Figma expects revenue between $315 million to $317 million, implying a 38% growth at the midpoint.
- Full-year 2026 revenue guidance is set between $1.366 billion to $1.374 billion, suggesting 30% growth at the midpoint.
- Non-GAAP operating income for 2026 is projected to be between $100 million and $110 million, with an operating margin of 8% at the midpoint.
- The company plans to continue investing in AI and infrastructure to support growth and product development.
5) Challenges and Market Dynamics
- The earnings call did not provide specific figures on the impact of stock-based compensation or detailed metrics on gross margin expectations for 2026.
- There is an ongoing transition to a hybrid revenue model that combines subscription and consumption, which may introduce volatility in revenue predictions.
- The competitive landscape in the prototyping space remains fragmented, with Figma aiming to unify its offerings to capture a larger share of customer budgets.
Bottom line: Figma's robust growth trajectory, driven by innovative product expansions and strong customer engagement, positions the company well for continued success in 2026. The strategic focus on AI integration and a hybrid revenue model could enhance long-term value for shareholders, despite potential market challenges.
Figma, Inc — Financial Overview, Stock Price, Market Cap
Figma, Inc is a company. Founded in 2012. As of April 13, 2026, the company's market capitalization is $8852289998 with a current stock price of $18.16.
