# Figma (FIG.US)

Canonical: https://gigainvestors.com/s/FIG

Analysis as of: 2026-10-16T07:28:31.161Z. 

Listing currency: USD. Reporting currency: USD.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: $22.99 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

## Price story

Down 80% since Jul 2025 · "Figma and Wix shares tumble as Anthropic targets AI web design market" (finance.yahoo.com, Apr 2026)

Story as of 2026-10-16T09:58:45.409Z; price observation 2026-10-15.

- 2025-09-04: Figma Shares Tumble on Weak Sales Growth Outlook After IPO ([finance.yahoo.com](https://finance.yahoo.com/news/figma-shares-tumble-weak-sales-203603314.html))

- 2026-02-19: Figma Gains on Strong Growth Outlook That Eases AI Fears ([finance.yahoo.com](https://finance.yahoo.com/video/figma-gains-strong-growth-outlook-225056515.html))

- 2026-04-14: Figma and Wix shares tumble as Anthropic targets AI web design market ([finance.yahoo.com](https://finance.yahoo.com/markets/stocks/articles/figma-wix-shares-tumble-anthropic-184914891.html))

- 2026-05-15: Figma Q1 2026 earnings beat, raises full-year guidance ([finance.yahoo.com](https://finance.yahoo.com/markets/stocks/articles/figma-q1-2026-earnings-beat-110945684.html))

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in software application; annual sales are USD 1.1 billion.

- Source: https://www.sec.gov/Archives/edgar/data/1579878/000162828026009228/fig-20251231.htm (filed 2026-02-18); FY2025: revenue 1055788000; grossProfit 870261000; margin = grossProfit / revenue.

### Why customers stay

Margins ranged from 82.4% to 91.2% during 2023–25.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-18); FY2023: grossProfit / revenue = 91.2%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-18); FY2024: grossProfit / revenue = 88.3%.

- Source: https://www.sec.gov/Archives/edgar/data/1579878/000162828026009228/fig-20251231.htm (filed 2026-02-18); FY2025: grossProfit / revenue = 82.4%.

### Where the cash goes

Paid no dividends in 3 years.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-18); FY2023: growth capex 0; upkeep 6455000; cash acquisitions 0; owner earnings 287901000. Growth capex plus acquisitions / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-18); Dividend observations: [[2023,0],[2024,0],[2025,0]]. Zero only counted when supported by a complete cash-flow statement.

### Are managers owners

Insiders own 1.6% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); FIG.US SharesStats.PercentInsiders = 1.584 percentage points; cache date 2026-10-16.

### What the price says

The price is 7.3 times annual sales; cash earnings are negative.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-18); Closing price 22.99 USD; reporting-to-trading FX 1; FY2025 annual sales per share 3.1324930869560057; price multiple 7.339202150431715. FY2025 cash earnings/share -3.677006562941337. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2025-07: $115.50 per share

- 2025-08: $70.28 per share

- 2025-09: $51.87 per share

- 2025-10: $49.84 per share

- 2025-11: $35.97 per share

- 2025-12: $37.37 per share

- 2026-01: $25.92 per share

- 2026-02: $29.39 per share

- 2026-03: $21.14 per share

- 2026-04: $17.70 per share

- 2026-05: $25.50 per share

- 2026-06: $18.09 per share

- 2026-07: $24.32 per share

- 2026-08: $27.49 per share

- 2026-09: $21.02 per share

- 2026-10: $22.99 per share

## Annual estimated value (USD per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original 10-K filing](https://www.sec.gov/Archives/edgar/data/1579878/000162828026009228/fig-20251231.htm); period 2025-12-31, filed 2026-02-18.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.