Figma, Inc.

NYSE:FIG Stock Report

Market Cap: US$12.1b

Figma Past Earnings Performance

Past criteria checks 0/6

Figma's earnings have been declining at an average annual rate of -93.4%, while the Software industry saw earnings growing at 22.4% annually. Revenues have been growing at an average rate of 41.4% per year.

Key information

-93.38%

Earnings growth rate

3.50%

EPS growth rate

Software Industry Growth17.33%
Revenue growth rate41.42%
Return on equity-98.68%
Net Margin-120.71%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

New Narrative May 15

FIG: Maximizing Institutional Alpha through the Alternative Credit Pivot and the Accelerated Private Capital Inflection Point

Fortress Investment Group (FIG), a global leader in alternative asset management and highly specialized credit strategies, is navigating a powerful operational rebirth in 2026. Following its successful transition back to an independent, multi-partnership structure, the firm has emerged as the essential liquidity architect for distressed debt and massive infrastructure recapitalizations.
Seeking Alpha May 15

Figma: Adobe Is Just A Better Alternative (Even After Q1)

Summary Figma, Inc. delivered strong Q1 results, with 46% YoY revenue growth and notable customer expansion, but FIG valuation remains demanding. Operational advances, AI monetization, and high net dollar retention (139%) support the bullish thesis, yet margin compression raises caution. Stock-based compensation and a negative GAAP operating margin (-41%) present ongoing FIG shareholder dilution and profitability concerns. I maintain a Hold rating on FIG stock, citing elevated valuation, competitive risks, and a superior margin of safety in peers like Adobe. Read the full article on Seeking Alpha
Narrative Update Feb 20

Figma is still elite

Figma is still strong at the product level. Deeply embedded in modern product teams.
Analysis Article Aug 27

Weekly Picks: 💸 A dividend-rich sleep-tech play few investors are watching, and 2 other picks.

The main catalyst behind Sleep Cycle’s upside potential, why JB Hi-Fi might have lost its point of difference, and the bear, base and bull case for Figma.
Narrative Update Aug 25

Figma (FIG): The S&P 500’s Design Standard Turning Into an All-in-One Platform

TickerTickle has increased profit margin from 10.0% to 25.0%, increased future PE multiple from 30.0x to 40.0x and decreased discount rate from 10.0% to 8.4%.

Revenue & Expenses Breakdown

How Figma makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NYSE:FIG Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 261,161-1,4011,2541,127
31 Dec 251,056-1,2501,1311,030
30 Sep 25969-926972892
30 Jun 25893155449316
31 Mar 25821-725809768
31 Dec 24749-732788751
31 Dec 23505286273165

Quality Earnings: FIG is currently unprofitable.

Growing Profit Margin: FIG is currently unprofitable.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if FIG's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare FIG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FIG is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (11.2%).


Return on Equity

High ROE: FIG has a negative Return on Equity (-98.68%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/18 19:45
End of Day Share Price 2026/05/15 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Figma, Inc. is covered by 20 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Bradley SillsBofA Global Research
Matthew BullockBofA Global Research
Nicholas AltmannBTIG