Stock Analysis
Figma, Inc.FIG
Sector: Technology · Industry: Services-Prepackaged Software
AnalystsHold18 analystsPrice is 12% of the way from the year's low to its high.
Cash covers 2461% of debt · Q2 2026.
PMP Verdict
Cheap for a reason — weak fundamentals
Strengths
- Financial Health100
Risks
- Profitability0
- Growth25
Cheap for a reason — fundamentals remain weak.
Market context
-6.5% today· Z 2.8σ· Figma shares dropped 6.31% amid ongoing growth-stock valuation scrutiny and comparisons to profitable tech peers.
Bull Case
- ✓Altman Z 7.2 — safe-zone balance sheet
- ✓Revenue CAGR 44.6% — durable top-line growth
Why is FIG moving?
SectorFigma shares dropped 6.31% amid ongoing growth-stock valuation scrutiny and comparisons to profitable tech peers.
Profile
Strong financial health; profitability, growth, earnings quality, moat and valuation lag behind.
How is each axis scored?
- Valuation37/100 · Weak
- P/E vs own history (n/a)10/25
- FCF yield (2.0%)5/25
- P/S (8.9x)12/25
- EV/EBIT (n/a)10/25
- Growth25/100 · Weak
- Revenue CAGR (44.6%)25/25
- Net income CAGR (n/a)0/25
- EPS CAGR 5Y (n/a)0/25
- Fwd implied growth (n/a)0/25
- Profitability0/100 · Weak
- ROIC (n/a)0/25
- ROE (-106.8%)0/25
- Net margin (-123.1%)0/25
- Operating margin (-123.8%)0/25
- Financial Health100/100 · Strong
- Altman Z (7.24)25/25
- Current ratio (2.45)25/25
- Interest coverage (no interest expense)25/25
- Net cash / debt (Net cash)25/25
- Quality30/100 · Weak
- Piotroski F (3/9)5/25
- Beneish M (-4.88)25/25
- FCF conversion (n/a)0/25
- Margin stability (σ 88.5%)0/25
- Moat35/100 · Weak
- ROIC >12% years (n/a)0/25
- Median gross margin (88.3%)25/25
- FCF-positive years (2/3 yrs)10/25
- Worst-year net margin (worst -118.4%)0/25
Risk Flags
- ⚠SBC 130.6% of revenue — real dilution cost
- ⚠2 loss-making years in recent history
About Figma, Inc.
Figma provides software solutions for design-related workflows. Show more
Since its founding in 2015, the company has introduced a variety of products and established an end-to-end platform for software design and product development. The firm's original and most important solution, Figma Design, was built as a collaborative tool to bring together designers and engineers in a real-time, multiple-simultaneous-editor workspace. Figma is headquartered in San Francisco, California, and completed its IPO in July 2025.
Headquarters: SAN FRANCISCO, CA · Employees: 1,886 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
37DP/E (TTM)—
Price / TTM EPS (own statements)
P/FCF55.4xD
Grade D: ExpensivePrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield2.0%C
Grade C: LowTTM (OCF − CapEx) / Market Cap — vs own 1Y history: 0.3%–2.8% · 76th pct
P/S (TTM)8.89xC
Grade C: ExpensivePrice / TTM Revenue (own statements) — vs own 1Y history: 7.5x–118.2x · 11th pct
EV/EBITDA—
Enterprise value / EBITDA (Finnhub) — capital-structure neutral
EV/Sales9.2xC
Grade C: ExpensiveEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E75.2xD
Grade D: ExpensivePrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio7.71xC
Grade C: ExpensivePrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio—
Finnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield—
TTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio—
Dividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
0EROIC—
NOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE-106.8%D
Grade D: WeakReturn on Equity. Neg. equity = heavy buybacks
ROA-69.7%D
Grade D: WeakReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin-123.1%D
Grade D: LowNet Income / Revenue
Operating Margin-123.8%D
Grade D: LowTTM EBIT / TTM Revenue
Gross Margin79.1%A
Grade A: PremiumGross Profit / Revenue
FCF Margin18.1%A
Grade A: HighFCF / Revenue
True FCF Margin-112.4%D
Grade D: LowTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Growth
25ERevenue CAGR44.6%A
Grade A: HighCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR—
Compound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)—
Compound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth—
Analyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)—
Share count change over 5Y
SBC / Net Income—
Stock-based comp/Net income. >30% = dilution risk
SBC / Revenue130.6%D
Grade D: HighTTM stock-based comp / TTM Revenue
Financial Health
100A+Altman Z-Score7.24A
Grade A: SafeBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio2.45xA
Grade A: HighCurrent Assets/Liabilities
Quick Ratio2.32xA
Grade A: High(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage—
EBIT/Interest. >10 Strong
Debt RepaymentNet CashA
Grade A: FastYears to repay net debt via FCF
Net Debt/EBIT1.0xA
Grade A: LowLeverage. <2x Low, >4x High
Debt/Equity0.05xA
Grade A: LowDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt24.61xA
Grade A: CoveredCash covers how much of total debt. >1 = could repay all debt from cash
Quality
30DPiotroski F-Score3/9D
Grade D: WeakFinancial strength 0–9. >7 Strong
Beneish M-Score-4.88A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion—
FCF / Net Income
Margin Stability88.5%D
Grade D: VolatileEBIT margin std deviation. Lower = stable
Capex / Revenue1.3%A
Grade A: Asset-lightTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.57xC
Grade C: AverageRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Mulligan Brendan Filed | Mulligan Brendan | SellOpen market sale | -20701 | |
Herb Tyler Filed | Herb Tyler | SellOpen market sale | -1418 | |
Mulligan Brendan Filed | Mulligan Brendan | Tax withholding | -9436 | |
Voskanian Shaunt Filed | Voskanian Shaunt | Tax withholding | -8080 | |
Melwani Praveer Filed | Melwani Praveer | Tax withholding | -7037 |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Herb Tyler Filed | Herb Tyler | Tax withholding | -1838 | |
Mulligan Brendan Filed | Mulligan Brendan | SellOpen market sale | -44500 | |
Mulligan Brendan Filed | Mulligan Brendan | SellOpen market sale | -64606 |
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
35DROIC >12% Years—
Share of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)88.3%A
Grade A: DurableMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years2/3 yrsD
Grade D: WeakShare of completed fiscal years with positive free cash flow
Net Margin Floor-118.4%D
Grade D: WeakWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)—
TTM net income per share (Finnhub fallback)
Cash / Share$3.17
Cash & short-term investments per share (Finnhub)
Book Value / Share$2.79
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$67.75M
Total debt obligations (short + long term)
Cash & Equiv.$1.67B
Cash and short-term investments
Net Debt$-1.60BA
Grade A: Net CashTotal Debt minus Cash. Negative = Net Cash position
Total Equity$1.48B
Shareholders' equity (book value)
Asset / Liability2.69xA
Grade A: SolidTotal Assets / Total Liabilities
Market
Market Cap$11.39B
Current Market Capitalization
Beta1.51C
Grade C: VolatilePrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 17, 2026
Key Insights: Figma, Inc. (FIG)
FIG is down 6.52% at the last close — Figma shares dropped 6.31% amid ongoing growth-stock valuation scrutiny and comparisons to profitable tech peers.. Figma, Inc. meets only 3 of 9 Piotroski F-Score criteria — a sign of weak underlying fundamentals. Altman Z-Score of 7.24 sits comfortably in the safe zone (≥ 2.99), indicating low bankruptcy risk. Beneish M-Score of -4.88 suggests a low likelihood of earnings manipulation.
- Revenue has compounded at roughly 45% annually — a strong growth profile.
- Figma, Inc. converts about 18% of revenue into free cash flow — strong cash generation.
- Company is effectively debt-free after netting cash.
- Figma, Inc. posted a net loss in 2 of 3 available completed fiscal years (2023–2025).
See how FIG ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all FIG moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 16 | Regular | 21.43 | -6.81% | -2.72 |
| Oct 16 | After-hours | 21.37 | -7.04% | -2.81 |
| Oct 15 | Regular | 22.81 | +6.19% | 3.01 |
| Oct 15 | After-hours | 22.82 | +6.24% | 3.03 |
Frequently Asked Questions about FIG
What is the current Figma, Inc. (FIG) stock price?
FIG is trading at $21.49 at the last market close, down 6.52% on the session. PreMarketPrice tracks FIG pre-market, intraday and after-hours prices.
Is FIG stock a buy right now?
PreMarketPrice's quantitative model rates Figma, Inc.'s financial health at 100/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is FIG stock overvalued?
Figma, Inc. trades at a trailing P/E of n/a and our valuation score rates it 37/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Figma, Inc. report earnings?
No confirmed earnings date is currently scheduled for FIG. The Earnings section lists recent reports and updates as dates are announced.
What sector does Figma, Inc. operate in?
Figma, Inc. operates in the Technology sector, within the Services-Prepackaged Software industry. The Related Stocks section lists sector peers for comparison.
What does Figma, Inc. do?
Figma provides software solutions for design-related workflows.
About Figma, Inc. (FIG) Stock
Figma, Inc. (FIG) is a US-listed stock operating in the Technology sector, specifically the Services-Prepackaged Software industry. As of the latest update, Figma, Inc. is trading at $21.49, down 6.52% on the day with a market capitalization of $11.4 billion. The financial health score for FIG is 100/100, which indicates excellent financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for FIG stock.
FIG Stock Analysis & Key Metrics
On PreMarketPrice, you can track Figma, Inc. (FIG) across multiple dimensions:
- Pre-market price & movement: Real-time FIG stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for FIG with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Figma, Inc. across multiple reporting periods.
- Financial health score: A composite score of 100/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for FIG.
- Sector peers: Compare FIG against 6 other technology stocks on key financial metrics.
Is FIG a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Figma, Inc. (FIG) as an investment. The financial health score of 100/100 suggests excellent financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Figma, Inc. (FIG) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.