Added to YB: 2026-02-27
Pitch date: 2026-02-24
FIG [bullish]
Figma, Inc.
+6.11%
current return
Author Info
No bio for this author
Company Info
Figma, Inc. develops and sells a collaborative, browser-based platform for designing, prototyping, building digital experiences, and subscriptions for access to its platform.
Market Cap
$14.3B
Pitch Price
$28.48
Price Target
N/A
Dividend
N/A
EV/EBITDA
-10.14
P/E
-7.39
EV/Sales
12.04
Sector
Software
Category
growth
Figma: Does The Reward Justify The Risk?
FIG: Cloud-native UI/UX design platform w/ 70% market share, 95% Fortune 500 adoption. FY25 rev $1B (+40% YoY), NDR 136%, Rule of 40 cleared. 8-product suite (Design, Dev Mode, Slides, Sites, Make AI) drives multi-product adoption (76% customers). Dev seats now 30% of paid. $1M+ customers +68%. AI usage billing starts Mar 18. Risks: $1.3B SBC (mostly one-time IPO RSUs, ~$300-400M recurring), 40% insider lockup expiring thru Aug '26, dilution pressure. EV $11B at 11x sales. Path to $5B rev in 5-7yr vs Adobe's $23B. AI lowers barriers, expands TAM via credit model alongside seats.
Read full article (11 min)