Figma, Inc. (FIG)Technology | Software - Application | San Francisco, United States | NYSE
21.48 USD
-0.28
(-1.287%) ⇩
(Oct. 14, 2026, 4 p.m.
EDT)
After hours: 21.14 -0.34 (-0.343%) ⇩ (Oct. 14, 2026, 7:59 p.m. EDT) |
Hot Take ↕ | Oct. 10, 2026, 7:48 a.m. EDT
The investment case for Figma is currently fractured by a severe disconnect between its impressive top-line growth and its bottom-line reality. While revenue surged nearly 48%, the company is burning cash with negative operating margins and negative free cash flow, trading at a forward P/E of 65x despite earning nothing today. This fundamental deterioration has crushed the stock price, which is down roughly 87% from its highs, leaving it at a valuation where the market is pricing in a complete failure of the business model. The options market confirms this pessimism, with traders aggressively stacking put options at strikes just below the current price, creating a dense wall of resistance that suggests any bounce will likely be sold into. Without a clear path to profitability or a massive multiple expansion driven by a monopoly-like moat, the risk-reward profile remains skewed heavily against the buyer. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.085400 |
| AutoETS | 0.087285 |
| AutoTheta | 0.095054 |
| AutoARIMA | 0.169322 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 37% |
| H-stat | 2.43 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.592 |
| Excess Kurtosis | -0.69 |
| Attribute | Value |
|---|---|
| Sector | Technology |
| Debt to Equity Ratio | 4.584 |
| Revenue per Share | 2.603 |
| Market Cap | 11,449,051,136 |
| Forward P/E | 62.31 |
| Profit Margins | -123.15% |
| Website | https://www.figma.com |
As of Oct. 10, 2026, 7:48 a.m. EDT: Speculators are heavily positioning for downside protection, evidenced by massive open interest walls in out-of-the-money puts (strikes 20, 21, 22) across multiple expirations. While there is some volume in near-term calls around the current price, the overwhelming capital allocation is in put writing and buying, suggesting a consensus expectation of further weakness or a 'sell the news' event following recent rallies. Implied volatility remains elevated, reflecting uncertainty rather than bullish conviction.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.6234642 |
| Address1 | 760 Market Street |
| Address2 | Floor 10 |
| All Time High | 142.92 |
| All Time Low | 16.6 |
| Ask | 21.39 |
| Ask Size | 3,000 |
| Audit Risk | 6 |
| Average Analyst Rating | 2.3 - Buy |
| Average Daily Volume10 Day | 8,940,190 |
| Average Daily Volume3 Month | 16,595,115 |
| Average Volume | 16,595,115 |
| Average Volume10Days | 8,940,190 |
| Bid | 21.35 |
| Bid Size | 400 |
| Board Risk | 8 |
| Book Value | 2.785 |
| City | San Francisco |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 7 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 21.48 |
| Current Ratio | 2.451 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,790,726,400 |
| Day High | 21.93 |
| Day Low | 21.08 |
| Debt To Equity | 4.584 |
| Display Name | Figma |
| Dividend Yield | 0.0 |
| Earnings Call Timestamp End | 1,793,822,400 |
| Earnings Call Timestamp Start | 1,793,822,400 |
| Earnings Timestamp | 1,793,822,400 |
| Earnings Timestamp End | 1,793,822,400 |
| Earnings Timestamp Start | 1,793,822,400 |
| Ebitda | -1,563,812,992 |
| Ebitda Margins | -1.22033 |
| Enterprise To Ebitda | -6.298 |
| Enterprise To Revenue | 7.686 |
| Enterprise Value | 9,849,664,512 |
| Eps Current Year | 0.28744 |
| Eps Forward | 0.34473 |
| Eps Trailing Twelve Months | -3.23 |
| Esg Populated | 0 |
| Exchange | NYQ |
| Exchange Data Delayed By | 20 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 24.1158 |
| Fifty Day Average Change | -2.6358013 |
| Fifty Day Average Change Percent | -0.10929769 |
| Fifty Two Week Change Percent | -62.346424 |
| Fifty Two Week High | 67.68 |
| Fifty Two Week High Change | -46.2 |
| Fifty Two Week High Change Percent | -0.6826241 |
| Fifty Two Week Low | 16.6 |
| Fifty Two Week Low Change | 4.879999 |
| Fifty Two Week Low Change Percent | 0.29397586 |
| Fifty Two Week Range | 16.6 - 67.68 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,753,968,600,000 |
| Float Shares | 266,222,438 |
| Forward Eps | 0.34473 |
| Forward P E | 62.309635 |
| Free Cashflow | 866,974,272 |
| Full Exchange Name | NYSE |
| Full Time Employees | 1,886 |
| Fullday Change | -0.18999863 |
| Fullday Change Percent | -0.86520326 |
| Fullday Price | 21.48 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,790,812,800 |
| Gross Margins | 0.79139 |
| Gross Profits | 1,014,147,008 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.01584 |
| Held Percent Institutions | 0.8898 |
| Implied Shares Outstanding | 533,009,867 |
| Industry | Software - Application |
| Industry Disp | Software - Application |
| Industry Key | software-application |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Long Business Summary | 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. |
| Long Name | Figma, Inc. |
| Market | us_market |
| Market Cap | 11,449,051,136 |
| Market State | POSTPOST |
| Max Age | 86,400 |
| Message Board Id | finmb_242074090 |
| Most Recent Quarter | 1,782,777,600 |
| Net Income To Common | -1,526,792,960 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 11,598,294,705 |
| Number Of Analyst Opinions | 10 |
| Open | 21.39 |
| Operating Cashflow | 249,250,000 |
| Operating Margins | -0.31693 |
| Overall Risk | 9 |
| Payout Ratio | 0.0 |
| Peg Ratio | 7.95 |
| Phone | 415 890 5404 |
| Post Market Change | -0.3430996 |
| Post Market Change Percent | -1.5972979 |
| Post Market Price | 21.1369 |
| Post Market Time | 1,792,022,392 |
| Previous Close | 21.76 |
| Price Eps Current Year | 74.72864 |
| Price Hint | 2 |
| Price To Book | 7.7127466 |
| Price To Sales Trailing12 Months | 8.934304 |
| Profit Margins | -1.23149 |
| Quick Ratio | 2.303 |
| Quote Source Name | Delayed Quote |
| Quote Type | EQUITY |
| Recommendation Key | buy |
| Recommendation Mean | 2.33333 |
| Region | US |
| Regular Market Change | -0.280001 |
| Regular Market Change Percent | -1.28677 |
| Regular Market Day High | 21.93 |
| Regular Market Day Low | 21.08 |
| Regular Market Day Range | 21.08 - 21.93 |
| Regular Market Open | 21.39 |
| Regular Market Previous Close | 21.76 |
| Regular Market Price | 21.48 |
| Regular Market Time | 1,792,008,002 |
| Regular Market Volume | 12,424,893 |
| Return On Assets | -0.45161 |
| Return On Equity | -1.08644 |
| Revenue Growth | 0.482 |
| Revenue Per Share | 2.603 |
| Sand P52 Week Change | 0.1570785 |
| Sector | Technology |
| Sector Disp | Technology |
| Sector Key | technology |
| Share Holder Rights Risk | 10 |
| Shares Outstanding | 455,113,611 |
| Shares Percent Shares Out | 0.0767 |
| Shares Short | 40,895,475 |
| Shares Short Previous Month Date | 1,788,134,400 |
| Shares Short Prior Month | 39,058,401 |
| Short Name | Figma, Inc. |
| Short Percent Of Float | 0.2049 |
| Short Ratio | 2.91 |
| Source Interval | 15 |
| State | CA |
| Symbol | FIG |
| Target High Price | 37.0 |
| Target Low Price | 22.0 |
| Target Mean Price | 30.1 |
| Target Median Price | 30.0 |
| Total Cash | 1,667,138,048 |
| Total Cash Per Share | 3.128 |
| Total Debt | 67,751,000 |
| Total Revenue | 1,281,470,976 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -3.23 |
| Trailing Peg Ratio | 7.9519 |
| Triggerable | 1 |
| Two Hundred Day Average | 23.9976 |
| Two Hundred Day Average Change | -2.517601 |
| Two Hundred Day Average Change Percent | -0.10491053 |
| Type Disp | Equity |
| Volume | 12,424,893 |
| Website | https://www.figma.com |
| Zip | 94,102 |