Figma, Inc.

NYSE:FIG Stock Report

Market Cap: US$12.5b

Figma Balance Sheet Health

Financial Health criteria checks 6/6

Figma has a total shareholder equity of $1.5B and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $2.3B and $833.8M respectively.

Key information

0%

Debt to equity ratio

US$0

Debt

Interest coverage ration/a
CashUS$1.64b
EquityUS$1.46b
Total liabilitiesUS$833.83m
Total assetsUS$2.29b

Recent financial health updates

No updates

Recent updates

Narrative Update Jul 10

FIG: AI Features And Index Inclusion Will Shape A Measured Outlook

Analysts have revised their price target on Figma stock to $22 from $52, reflecting updated views on its projected revenue growth, profit margins, discount rate, and future P/E assumptions. What’s in the News for Figma Bank of America reinstated coverage on Figma with a Buy rating and a US$30 price target, highlighting the company’s use of AI in its browser based, collaborative design platform and pointing to increased enterprise adoption and AI credit purchases as key factors.
Seeking Alpha Jun 27

Figma: The Stock Fell On AI Fear, But AI May Be The Rerating Trigger

Summary Figma is evolving from a design tool to a comprehensive AI-driven product-creation platform, positioning itself beyond traditional design software. AI integration is a double-edged sword: while it threatens seat-based models, Figma's platform-centric approach and AI credits could drive new monetization and user expansion. Q1 2026 results show 46% revenue growth, 139% net dollar retention, and 27% free cash flow margin, supporting a 5.7x forward EV/revenue valuation. With early AI monetization, strong customer expansion, and a misunderstood platform story, FIG offers attractive risk/reward and potential for significant re-rating. Read the full article on Seeking Alpha
Narrative Update Jun 26

FIG: AI Monetization And Usage Model Will Drive Future Upside

Analysts have revised their Figma price target from $65.25 to $36.11. This change reflects updated assumptions for revenue growth, profit margins and future P/E multiples in their models.
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.
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%.

Financial Position Analysis

Short Term Liabilities: FIG's short term assets ($1.9B) exceed its short term liabilities ($774.5M).

Long Term Liabilities: FIG's short term assets ($1.9B) exceed its long term liabilities ($59.4M).


Debt to Equity History and Analysis

Debt Level: FIG is debt free.

Reducing Debt: FIG has not had any debt for past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable FIG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: FIG is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 95.9% per year.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/14 04:04
End of Day Share Price 2026/07/14 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 21 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tal LianiBofA Global Research
Matthew BullockBofA Global Research
Bradley SillsBofA Global Research