FIG
Figma, Inc.·Technology
21.34
2.823%(−0.62)
Close PriceLast Updated: — ET
52W L: $16.6052W H: $142.92
Figma, Inc.·Technology
Figma has defied AI disruption fears, posting 46% YoY revenue growth and accelerating net dollar retention to 139%. Consensus estimates appear too conservative; I expect further upside as FIG transitions to a usage-based model and leverages AI tailwinds. FIG maintains a bulletproof balance sheet with $1.6 billion in cash and no debt, supporting continued investment and margin expansion.
Figma is upgraded to a buy after a Q1 beat and raised outlook, reversing prior caution. FIG demonstrates hypergrowth with 43% y/y revenue growth, targeting over $1.4 billion in revenue this year. Retention remains robust near 140% net expansion, aided by cross-selling and upmarket customer focus.
The headlines belong to AI and semiconductors right now. Chips are soaring, data center buildout stocks are making new highs, and the momentum crowd is firmly in control.
Ultimately, Wall Street's blanket punishment of the software sector has created a classic "baby out with the bathwater" scenario.
Figma stock is still down big on the year.
SpaceX is reportedly seeking a valuation of up to $2 trillion for its initial public offering.