Added to YB: 2026-06-25
Pitch date: 2026-06-22
FIG [neutral]
Figma, Inc.
Author Info
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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
$10.0B
Pitch Price
N/A
Price Target
45.00 (+150%)
Dividend
N/A
EV/EBITDA
-5.92
P/E
-5.61
EV/Sales
7.28
Sector
Software
Category
growth
Figma: Now That the IPO Hype Is Gone, Is the Real Entry Near?
FIG (overview): Design platform at ~$18.65, ~5.8x fwd sales (vs ~50x IPO). 40%+ growth, NDR 129%→139%, ~690K customers (+54%), new AI-credit monetization layer. Non-GAAP profitable ($89M FCF, 27% margin); GAAP loss all SBC. Risk: AI-inference compresses margins, delaying GAAP crossover to 2028. Premium vs peers (Adobe 3.3x, Atlassian 3.7x). Bull $45 (+141% into 2028), base $26, bear $13. Dip arrived, inflection not yet.
Read full article (7 min)