Figma, Inc. FIG

NYSE | Technology | Cloud-based design and development platform

General analysis — not personal advice.

Signal

HOLD

Sentiment

6/10

Risk

6/10

Hold: fundamentals are improving (beat & raise, strong free cash flow and sizable net cash), but near-term overhangs (activist pressure, competitive narrative, and volatility after insider selling/target cuts) make risk/reward more balanced until Q2 results and clearer AI monetization show up in reported metrics.

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Price & valuation

Last close

USD 24.87

2026-08-11

1 week

-11.7 %

3 months

+31.3 %

12 months

-71.5 %

From 52w high

-71.5 %

From 52w low

+47.7 %

Market sentiment

Sentiment remains broadly neutral: strong growth/FCF and raised guidance are offset by rising concerns around competition, cost/governance (activist pressure), insider selling, and price-target cuts.

Why HOLD?

Maintain the position; consider adding only after evidence of durable AI monetization/NRR strength in Q2 and a steadier margin trajectory, or reduce if growth decelerates or governance conflict escalates.

We're already tracking Figma, Inc. — here are the latest events we've registered

Recent News

Figma reported Q1 2026 (May 14): revenue $333.4M (+46% YoY), non-GAAP operating income $52.1M (16% margin), and free cash flow $88.6M (27% margin), with ~$1.6B in cash/marketable securities. The company guided Q2 revenue to $348–$350M and raised FY2026 to $1.422–$1.428B (non-GAAP operating income $125–$135M). Shares rallied post-earnings but have been volatile; the CEO sold shares in early June and several analysts cut price targets. On May 28, activist Findell Capital issued a letter urging tighter product focus, cost rationalization, and a governance review. Figma also launched a “design agent” (May 20) and updated Figma Make for local code workflows (May 28).

Catalysts

14 Aug 2026 — Q2 2026 earnings (next major datapoint)

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