Figma, Inc. (FIG) Stock Price & Analysis
Figma, Inc. (FIG) closed at USD 24.1 on Thursday, October 22, 2026, up 4.87% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 22.98; the Oct 22, 2026 session ranged USD 22.96–24.38 on volume of 14,455,664 shares. Market capitalization is $12.85B, with a 52-week range of USD 16.6–55.48 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:48 UTC.
Also available as compact Markdown for AI agents: nexqual.com/FIG.md
Key facts (FIG)
- Last four reported quarters (through Jun 30, 2026): revenue $1.28B, net income -$1.58B (-123.1% margin), free cash flow $232M (SEC filings).
- Analysts: Buy (mean 2.47 on a 1–5 scale) (15 analysts), mean target USD 30.1 (range 22–37).
- Total return with dividends: 1Y -54.8% vs S&P 500 +14.9%; 5Y -80.3% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD 0.05, revenue estimate $377M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (FIG)
| USD | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|
| Revenue | $505M | $749M | $1.06B | $1.28B |
| Gross profit | $460M | $661M | $870M | — |
| Operating income | -$73.5M | -$877M | -$1.29B | -$1.59B |
| Net income | $738M | -$732M | -$1.25B | -$1.58B |
| EPS (diluted) | $1.62 | -$3.74 | -$3.71 | — |
| Free cash flow | $1.04B | -$63.7M | $246M | $232M |
| Gross margin | 91.2% | 88.3% | 82.4% | — |
| Operating margin | -14.5% | -117.1% | -122.2% | -123.8% |
| Net margin | 146.1% | -97.7% | -118.4% | -123.1% |
| Revenue growth | — | +48.4% | +41.0% | — |
| Cash + short-term investments | $1.27B | $1.46B | $1.66B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (FIG)
P/S 10.0x · P/FCF 55.3x · P/B 8.7x · FCF yield 1.81% · Earnings yield -12.29%
Analysts (FIG)
Consensus Buy (mean 2.47 on a 1–5 scale), 15 analysts; mean target USD 30.1 (low 22, high 37).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-14 | Stifel | Target lowered | Hold | $25 → $22 |
| 2026-10-13 | Wells Fargo | Target lowered | Overweight | $34 → $30 |
| 2026-09-14 | Keybanc | Initiated | Sector Weight | |
| 2026-08-19 | B of A Securities | Target raised | Buy | $30 → $33 |
| 2026-08-07 | Citigroup | Target raised | Buy | $35 → $37 |
| 2026-07-24 | Citigroup | Target lowered | Buy | $36 → $35 |
| 2026-06-26 | Wells Fargo | Target lowered | Overweight | $42 → $36 |
| 2026-06-25 | RBC Capital | Target lowered | Sector Perform | $28 → $22 |
Total return (dividends reinvested) (FIG)
| 1Y (from 2025-10-23) | 5Y (from 2025-07-28) | |
|---|---|---|
| Total return | -54.8% | -80.3% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -55.0% | -73.1% |
| Volatility (annualized) | 74.5% | 80.0% |
| Max drawdown | -68.4% (Oct 2025→Jun 2026) | -85.7% (Jul 2025→Apr 2026) |
FIG revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| International | $199.3M | 53.8% | +50.0% |
| United States | $170.8M | 46.2% | +46.3% |
| Total revenue | $370.1M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
FIG suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Amazon (AMZN) | “provided by AWS, or regular or prolonged interruptions in that service, could also impact the use of, and our customers' satisfaction with, our platform and could harm our business and reputation.” |
| Partner | OpenAI | “In late 2025, we partnered with OpenAI to launch the Figma app in ChatGPT, enabling users to turn conversations into collaborative visual artifacts.” |
| Partner | Morgan Stanley Senior Funding | “On June 27, 2025, we entered into the Revolving Credit Agreement with Morgan Stanley Senior Funding, Inc., as administrative agent and collateral agent, Bank of America, N.A., JPMorgan Chase Bank, N.A., Goldman Sachs Bank USA, Wells Fargo Securities, LLC, and RBC Capital Markets, LLC, as joint lead arrangers and bookrunners, the letter of credit issuers from time to time party thereto, and the lenders from time to…” |
| Partner | Wells Fargo Securities | “On June 27, 2025, we entered into the Revolving Credit Agreement with Morgan Stanley Senior Funding, Inc., as administrative agent and collateral agent, Bank of America, N.A., JPMorgan Chase Bank, N.A., Goldman Sachs Bank USA, Wells Fargo Securities, LLC, and RBC Capital Markets, LLC, as joint lead arrangers and bookrunners, the letter of credit issuers from time to time party thereto, and the lenders from time to…” |
| Partner | RBC Capital Markets | “On June 27, 2025, we entered into the Revolving Credit Agreement with Morgan Stanley Senior Funding, Inc., as administrative agent and collateral agent, Bank of America, N.A., JPMorgan Chase Bank, N.A., Goldman Sachs Bank USA, Wells Fargo Securities, LLC, and RBC Capital Markets, LLC, as joint lead arrangers and bookrunners, the letter of credit issuers from time to time party thereto, and the lenders from time to…” |
| Partner | Adobe (ADBE) | “(1)On December 17, 2023, the Company abandoned its Merger Agreement with Adobe.” |
Quoted from the company's 10-K filed Feb 18, 2026.
FIG customer concentration
In the period ended Sep 30, 2025, a single direct customer accounted for 11% of revenue, per the company's 10-Q filed Nov 5, 2025. The company does not name it.
FIG company outlook (results filed Aug 5, 2026)
- “Conference Call Details: Figma will host a conference call today, August 5, 2026, at 5:00pm Eastern Time (2:00pm Pacific Time) to discuss its financial results for the second quarter of 2026 and outlook for the third quarter and full 2 year 2026.”
Quoted word-for-word from the SEC 8-K results press release.
FIG analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.05 | $0.07 | -16.0% | $376.6M | 14 |
| Next quarter (ends Dec 2026) | $0.05 | $0.07 | -25.2% | $388.7M | 15 |
| Current fiscal year (ends Dec 2026) | $0.29 | $0.27 | +5.0% | $1.47B | 14 |
| Next fiscal year (ends Dec 2027) | $0.34 | $0.33 | +5.5% | $1.82B | 14 |
FIG options: expected move
Options price a move of about ±16.5% (±$3.94) by Nov 6, 2026, which includes earnings on Nov 4, 2026; the earnings reaction alone is priced at about ±12.2%. Over the last 5 reports the stock moved ±12.3% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 68.6% | ±8.2% |
| Nov 6, 2026 | 14 | 101.3% | ±16.5% |
| Nov 13, 2026 | 21 | 92.5% | ±18.2% |
| Nov 20, 2026 | 28 | 86.8% | ±19.6% |
| Nov 27, 2026 | 35 | 82.7% | ±20.7% |
| Dec 4, 2026 | 42 | 84.9% | ±23.2% |
| Dec 18, 2026 | 56 | 75.3% | ±24.4% |
| Jan 15, 2027 | 84 | 72.2% | ±28.4% |
30-day implied volatility 85.5% vs 48.8% realized over the last 30 trading days. Put/call ratio (volume) 0.39. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:48 UTC)
| Price | USD 24.1 |
|---|---|
| Change | ▲ 4.87% (up) |
| Previous Close | USD 22.98 |
| Open | USD 23.18 |
| Day Range | USD 22.96 – 24.38 |
| 52-Week Range | USD 16.6 – 55.48 |
| Volume | 14,455,664 shares |
| Market Cap | $12.85B |
| Exchange | NYQ |
Technical Analysis (FIG)
Nexqual's technical model rates FIG "NEUTRAL" based on 4 bullish and 3 bearish signals across 127 daily candles, as of October 23, 2026 at 09:48 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 59.37 (neutral) |
| vs SMA50 | Above (USD 23.73) |
| MACD | -0.04 (negative) |
Analyst Ratings (FIG)
Wall Street analysts rate FIG "Buy" based on 15 analysts, with a mean price target of USD 30.1 (range USD 22–37), per Nexqual as of October 23, 2026 at 09:48 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 15 |
| Mean Target | USD 30.1 |
| High Target | USD 37 |
| Low Target | USD 22 |
| Buy / Hold / Sell | 6 / 9 / 0 |
Earnings (FIG)
| Next Earnings Date | 2026-11-04 |
|---|---|
| EPS Estimate | USD 0.05 |
| Revenue Estimate | $376.55M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.08 vs est 0.04 ▲ beat |
| 2026-03-31 | USD 0.1 vs est 0.06 ▲ beat |
| 2025-12-31 | USD 0.08 vs est 0.06 ▲ beat |
| 2025-09-30 | USD 0.13 vs est 0.05 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
Financials & Fundamentals (FIG)
| Total Revenue | $1.28B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +48.20% |
| Gross Margin | +79.14% |
| Operating Margin | -31.69% |
| Profit Margin | -123.15% |
| ROE | -108.64% |
| Debt / Equity | 0.05 |
| Current Ratio | 2.45 |
| Total Cash | $1.67B |
| Total Debt | $67.75M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $232.31M (18.1% of revenue) |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
Financial Health Score (FIG)
Nexqual rates Figma, Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 09:48 UTC.
| Growth | Strong — Revenue +48% YoY (latest Q) |
|---|---|
| Profitability | Solid — Gross margin 79%, operating -32% (last 12 months) |
| Balance Sheet | Strong — $1.67B cash vs $68M debt, net cash position |
| Cash Flow | Strong — FCF $232M (last 4 quarters to Jun 2026, SEC), 18% margin |
| Efficiency | Critical — ROE -109%, ROA -45.2% |
Ownership (FIG)
| Insider Ownership | +1.58% |
|---|---|
| Institutional Ownership | +88.93% |
| Shares Outstanding | 455.11M |
| Float | 266.22M |
| Short % of Float | +20.49% |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
Leadership (FIG)
Figma, Inc. is led by Dylan Field, CEO, President & Chairman, per Nexqual as of October 23, 2026 at 09:48 UTC.
| CEO, President & Chairman | Dylan Field |
|---|---|
| Chief Technology Officer | Kris Rasmussen |
| Chief Revenue Officer | Shaunt Voskanian |
| CFO & Treasurer | Praveer Melwani |
| Chief Product Officer | Yuhki Yamashita |
Major Backers & Investors (FIG)
Notable institutional backers of Figma, Inc. include Greylock Xiv Gp LLC, Index Venture Associates VI Ltd, Sc Us (ttgp), Ltd., according to Nexqual as of October 23, 2026 at 09:48 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Greylock Xiv Gp LLC | 12.84% |
| Index Venture Associates VI Ltd | 12.04% |
| Sc Us (ttgp), Ltd. | 5.87% |
| FMR, LLC | 3.85% |
| Price (T.Rowe) Associates Inc | 3.72% |
| Two Sigma Investments, LP | 2.8% |
| UBS Group AG | 2.74% |
| Goldman Sachs | 1.81% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 4.22% |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
From Figma, Inc.'s Latest SEC 10-K Filing (filed 2026-02-18)
Key Strengths & Strategy (as disclosed to the SEC)
- Apple provides design resources for its platforms, including iOS, iPadOS, and macOS, natively through Figma's user interfaces.
- To establish and protect our rights in our proprietary technology, we rely on a combination of patent, copyright, trade secret, and trademark laws, and contractual restrictions such as confidentiality agreements, licenses, and intellectual property assignment agreements.
- Broader partnerships and integrations, including the Figma app in both ChatGPT and Claude, also help us reach and bring new types of users to our platform.
- We will continue investing significantly in our platform and team so that we can continue to deliver new products and capabilities to customers. •Converting new and existing users into Paid Customers: Our range of plans offer options for all types of users, including a free Starter plan.
Partnerships
- What makes this product especially effective for product teams is the way it marries Figma's powerful design features — such as the ability to embed prototypes, create high-fidelity animations, or make detailed edits to mock-ups directly in a slide — with strong real-time collaboration capabilities like seamless multiplayer editing and audience voting.
- Underlying each of our products is the same DNA that makes them uniquely Figma: •Multiplayer: Figma is built for the browser with the power of WebGL to allow our users to engage in real-time collaboration and seamless sharing as team members work simultaneously in the same document. •AI-powered: The AI capabilities built into our platform range from automating rote tasks to unlocking new superpowers.
Legal & Regulatory Risks (Item 1A, quoted)
- Our business is subject to complex and evolving U.S. and foreign laws, regulations, and industry standards, many of which are subject to change and uncertain interpretations, which uncertainty could harm our business, operating results, and financial condition.
- The introduction of new products, expansion of our activities in certain jurisdictions, or other actions that we take may subject us to additional laws, regulations, or other government scrutiny.
- The costs of complying with these laws and regulations, which in some cases can be enforced by private parties in addition to government entities, are high and likely to increase in the future, particularly as the degree of regulation increases, our business grows, and our geographic scope expands.
- We are subject to governmental economic sanctions requirements and export and import controls that could impair our ability to compete in international markets or subject us to liability if we are not in compliance with applicable laws.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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| BSY | Bentley Systems, Incorporated | USD 39.41 | ▲ 2.74% |
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| CHYM | Chime Financial, Inc. | USD 30.16 | ▼ 0.69% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:48 UTC. This page is informational and not investment advice.
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