Figma, Inc. (FIG)

What Figma, Inc. does

Figma is a cloud-based collaborative design and product development platform accessed via web browser that enables designers, developers, product managers, and other cross-functional team members to work together on creating digital products and experiences. The platform combines multiple product lines including Figma Design, FigJam (whiteboarding/ideation), Figma Slides (presentations), Dev Mode (for developers), and newer offerings like Figma Make (AI-powered prototyping), Figma Sites (website builder), Figma Buzz (marketing asset creation), and Figma Draw (vector editing), all unified with embedded AI capabilities to accelerate the product development lifecycle from ideation to shipped product.

Fundamentals

• Price$21.11 as of 2026-07-10 close
• Market cap$11.2B as of 2026-07-12
• 1-year return-43.5% as of 2026-07-10 close
• Net margin-123.8% as of 2026-07-12
• Gross margin+79.8% as of 2026-07-12
• ROE-99.4% as of 2026-07-12
• Debt / equity0.00 as of 2026-07-12
• Revenue growth (YoY)+46.1% as of 2026-07-12
• Revenue CAGR (3y)+44.6% SEC XBRL
• Beta1.02 as of 2026-07-12

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Key risks (from latest filing)

["Company is unprofitable with negative net margin of -123.83% as of latest reporting period, requiring continued investment in product development and AI capabilities before achieving profitability","Rapid product expansion (six new products launched in 2025 alone) and heavy AI investment create execution risk and complexity in go-to-market strategy and customer adoption","AI credit enforcement and usage-based billing model (began March 2026) may impact customer satisfaction, churn, or net dollar retention despite current strong NDR of 139%"]

See FIG's biggest risks from its latest 10-Q →

Competitors & peers

• Adobe (XD, Creative Cloud) (ADBE)
• Sketch
• InVision
• Framer
• Webflow
• Miro (MIRO)
• Microsoft (Designer, Teams) (MSFT)

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