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Added to YB: 2026-02-05

Pitch date: 2026-02-04

FIG [neutral]

Figma, Inc.

-1.1%

current return

Author Info

Pernas Research is a former CIO of a $3.5B fund that now share actionable stock research. Sign up for the newsletter.

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

$12.3B

Pitch Price

$21.83

Price Target

N/A

Dividend

N/A

EV/EBITDA

-7.51

P/E

-6.88

EV/Sales

N/A

Sector

Software

Category

growth

Show full summary:
Pernas Research Passes On: Figma, Inc.

FIG (pass): SaaS design platform thriving in AI era as value shifts toward design/iteration. Strong metrics: 70% customers use 3+ products, 131% net dollar retention, ~30% of $100k+ ARR customers use AI-native Figma Make weekly. High product velocity (50+ features Q3). Despite strengths, still overvalued at ~10x EV/Sales post-80% drop.

Read full article (1 min)