Figma Inc (FIG) Stock Analysis
Verdict: WATCH (do not buy)
Figma's accelerating 48% revenue growth and $1.67B cash pile offset AI disruption fears, but $1.36B SBC dilution caps short-term upside.
Investment score: 50/100
Analysis as of
Is Figma Inc stock worth reviewing? AI model thesis
Figma demonstrates top-line growth acceleration (+48% YoY to $370.08M in Q2 2026) and $246.2M in annual free cash flow, backed by a $1.67B cash fortress. However, massive stock-based compensation ($1.36B in 2025) drives TTM GAAP net margin to -123.1%, while 13 insider sales signal internal caution.
7-factor investment score
- Valuation: 45/100 (weight 20%)
- Financial Health: 62/100 (weight 15%)
- Technical Momentum: 38/100 (weight 15%)
- Earnings Quality: 70/100 (weight 15%)
- Insider Sentiment: 20/100 (weight 10%)
- Analyst Consensus: 65/100 (weight 10%)
- Risk-Adjusted Return: 48/100 (weight 15%)
Figma Inc opportunities and risks
What speaks for FIG
- Accelerating AI Credit Monetization
What speaks against FIG
- Extreme Stock-Based Compensation Dilution
Peers and competitors
| Ticker | P/E | P/S | EV/EBITDA | Gross margin | Net margin | FCF yield |
|---|---|---|---|---|---|---|
| FIG | n/a | 8.6x | n/a | 79.1% | -123.1% | 2.1% |
| FICO | 19.2x | 6.0x | 15.6x | 85.1% | 34.1% | 6.9% |
| TRMB | n/a | 3.7x | 54.8x | 68.4% | -2.8% | 3.9% |
| GWRE | 101.4x | 9.4x | 66.7x | 64.2% | 9.4% | 2.1% |
| TYL | 43.2x | 5.6x | 24.9x | 46.6% | 13.4% | 5.3% |
| DOCU | 42.6x | 4.0x | 23.4x | 79.5% | 9.8% | 8.8% |
| Peer median | 42.6x | 5.6x | 24.9x | 68.4% | 9.8% | 5.3% |
Frequently asked questions about Figma Inc (FIG)
Is FIG stock a good investment?
The cached TradeMates AI model rates Figma Inc as WATCH (do not buy) with an investment score of 50/100. Figma demonstrates top-line growth acceleration (+48% YoY to $370.08M in Q2 2026) and $246.2M in annual free cash flow, backed by a $1.67B cash fortress. However, massive stock-based compensation ($1.36B in 2025) drives TTM GAAP net margin to -123.1%, while 13 insider sales signal internal caution. This is algorithmic model output, not personal investment advice.
Is FIG stock a buy?
The TradeMates model verdict for FIG is WATCH (do not buy) with an investment score of 50/100. Treat this as a model signal to review, not a personal buy recommendation.