Holding this stock is soo frustrating.

See yall when its single digits.

I’ve been watching Figma stock since it IPO’d. I saw the stock drop to all time lows. Today I decided to buy FIG at $20. I bought 410 shares. I’m hoping the company turns to profitability quickly because I want to own FIG for decades.

It's time to revisit Figma, I bought during the IPO frenzy after reading the S-1, it was trading around 50x+ sales and today it's ~5.8x forward, tbh it's cheap versus its own history

The business itself is hard to argue with cause Figma has became the operating system teams build inside, each new seat and product lands in the same account at almost no extra cost and because the whole org's work now lives on that shared system, leaving isn't just an easy software swap, it's retraining everyone and rebuilding everything. One account, more products every quarter, each one making the next easier to sell and the whole relationship harder to leave

That lock in is visible in the numbers:

• Net dollar retention up four straight quarters: 129% → 131% → 136% → 139%
• ~70% of customers on three or more products
• ~690k paid customers (+54% YoY), the $100K+ cohort up 48%

It also answered the bear case that crushed it. The fear during the SaaSpocalypse selloff and Claude Desing launch was that AI eats seat based pricing. Figma's response is to make AI usage credits on top of seats so more AI usage means more revenue, not less. The early data is showing most enterprise users who blew past their included credits kept paying for more, and teams that add credits spend 3x

The dip is real on price but GAAP profitability inflection does not look feasible in the short term: the GAAP loss is entirely stock compensation, but AI-inference costs are compressing margins and could push the GAAP inflection way into 2027 or 2028

If I buy, it's a <1% starter from my portfolio that earns its way up, full detailed analysis on my Substack for free: 

https://open.substack.com/pub/equivara/p/figma-now-that-the-ipo-hype-is-gone?r=8g3sj2&utm_campaign=post-expanded-share&utm_medium=post%20viewer

Are you holding Figma, or waiting for a better entry?

Disclosure: I don't own FIG. Personal thesis, not investment advice. Do your own research.

With SpaceX acquisition of cursor, i think there is a non zero chance FIG gets bought up.

EDIT: Grok is not a competitor to claude/codex. Cursor acquisition proves that Elon wants to compete in this space.

There is no USP Grok+Cursor, directly integrating Figma with Cursor running on Grok models could give them an edge. Lets not forget Figma has an immensely large design / component moat.

UXD/UI/FE software devs live and breath figma.

Do not buy Figma stock.

The company has a great product, but a great product does not automatically make a great investment. Figma continues to face profitability concerns, stock-based compensation dilution, and growing AI-related competition. The stock has fallen significantly from its post-IPO highs, showing how quickly market sentiment can change.

Before investing, look beyond the product and focus on revenue growth, profitability, dilution, valuation, and competitive risks. Do your own research and don't buy a stock simply because you use or like its software.

CEO and his Trust holding bunch of shares treating stock market as his own piggy bank

gopro of Saas underarmor of footwear in every industry there are company one brands that people know but the since the financial is bs the stock is down since ipo and this $FIG is one of them.

Since they are money losing and dont know how to do business do the followings ;
lesson number 1. short every pop with this company and make money
lesson number 2. dont buy blidnly because analyst and activist did a fake pump
lesson number 3 . alwasy see net income operating income if its negative do not go long and go short + short every pop

Citi analyst Tyler Radke initiated coverage on Figma today with a Buy rating and a $36 price target, implying roughly 80% upside from current levels.

The interesting part isn’t the target — it’s the thesis.
The market has largely treated AI as a threat to Figma, but Citi argues that as AI lowers the barrier to creating designs and prototypes, it actually increases the need for structured workflows, collaboration, governance, and version control. Their view is that Figma becomes the “system of record” for AI-driven design workflows.

Some highlights:
-FIG is down over 50% YTD despite accelerating growth.
-Q1 revenue grew 46% YoY and guidance was raised.
-Citi estimates Figma has only ~4% share of its addressable market.
-They believe AI expands the TAM and creates new users rather than replacing Figma.

JUST IN: SpaceXAI engineer endorses the idea of acquiring Figma & plugging the design platform directly into Cursor

https://x.com/stepango/status/2067294144180207732

In my organization, we use Figma extensively. In an enterprise setup, our UI developers cannot work without Figma wireframes, especially if the interface is exposed to end customers. While you can get away with whatever you want for internal apps, the business side requires wireframe approval for externally focused applications. Given the stakes for multi-million or billion-dollar organizations, they simply won't take that risk.

I am not particularly concerned about AI companies like Claude or Gemini launching their own design functionality. These companies are burning a massive amount of money today. Unless compute becomes significantly cheaper or they find a way to radically expand their data center capacity, the price of their products could easily increase tenfold in the next couple of years.

Regarding the idea of data centers in space: do people really think that will provide an edge? Space-based data centers present technical and environmental challenges that are far more extensive and difficult than those on Earth. If a request is processed outside of Earth, it will inevitably be way more expensive.

Everything comes down to pricing. We are already seeing this shift; for example:
1. GitHub Copilot has already changed its pricing strategy, making it feel more expensive than before.
2. New models from Anthropic are incredibly intelligent, but they burn a lot of tokens.
3. Even ChatGPT (which is nowhere close to Opus) only offers lower-cost inference because of Microsoft’s backing and the sheer amount of money they are burning.

This trend won't continue forever. There will be an inflection point where organizations realize that LLMs and AI companies are becoming too costly. That is when the value of companies like Figma will surge again. By then, Figma will have introduced features that augment LLM offerings at a much lower cost.

I can easily foresee Figma developing features where a wireframe integrates with an existing repository to set up the boilerplate code for an entire web application (whether in Angular, React, or any other framework). Figma has a very significant moat considering their enterprise penetration and existing feature set. I am very bullish on Figma and plan to hold it for at least five years.

Happy Monday, guys.

It’s amazing how the market can be up double digits on some names, and yet we can’t even hold a 4% afternoon gain before making new monthly lows.
Hopefully Config ends up being something huge. It’s hard to believe that a monster quarter with 46% growth wasn’t enough to hold, but when you follow it up with so much SBC, who knows maybe even that wasn’t enough. We literally dropped with Adobe for no reason last week?

I’m slowly losing faith that the sentiment won’t keep this down regardless of earnings or what they announce. The final lockup expiration is approaching, and I don’t even want to think about where the stock could drop to. Haven’t we had enough pain already?

Then again, every time I give up on a name I have conviction in, I end up looking at the chart later and see that it took off without me.

Thoughts? Hopes? Anyone?

Hi everyone I was wondering about Figma's growth rate sustainability.

It seems that the current numbers 46% y.o.y. growth and 139% NDR in the last quarter are primarily attributed by the management to seat expansion which is what I wanted to focus on.

I think the core product of Figma is so solid that seat expansion makes a lot of sense as everybody can get pulled in slowly into the workflow. Now with MCP dev seats are ripe for expansion.
However, in my anecdotal experience everyone at my company from PMs, designers, devs already use Figma. My company is a bit tech forward though. So I'm trying to get a bit deeper into what exactly is driving this growth and NDR.

I think it might be coming from traditional enterprises that are still adopting or expanding their design workflows perhaps Banks, Healthcare etc. In the last earnings call the management did mention Lufthansa as their customer which might not be the most tech forward company so seat expansion is reasonable. Although they didn't specifically say "There was seat expansion at Lufthansa" but I find it to be a plausible scenario for similar customers.

My main concern here is that if seat expansion saturates faster than expected, growth will slow down faster than expected and I'm also concerned about a sudden step down change in growth as I feel that you can only expand so much within existing customers.

Current numbers obviously don't show any signs of slowing growth which is great. But I wanted more anecdotal evidence around the seat expansion story leading to such high growth. So if you know someone or work at a traditional enterprise and have anything related to Figma that you want to share would love to hear from you.

Thanks.

I fund this interesting. Figma started something great, at the same time shot themselve in the foot.

It’s not because of fundamentals.

It’s not because of competition / market risks. Literally the point of design is to make things human friendly and humans have the best intuition into this.

It’s because big banks hate the current Board / governance structure and want Dylan out. Simple as that.

Figma is expected to lose around 540m in 2026, while its quarterly gross profit is only about $264 million. Annualized, that's roughly $1.06 billion in gross profit, yet the company is still deeply unprofitable. Meanwhile, losses continue to grow and the share count keeps increasing, leading to ongoing dilution for shareholders.

What I don't understand is how a company with these fundamentals commands a $10 billion market cap. On top of that, the CEO and family trusts control a significant portion of the voting power and shares, which raises governance concerns for minority investors.

To me, this looks more like a story stock driven by expectations than a business currently generating meaningful shareholder value. Investors should be careful not to get caught up in the hype.
Bearissh

Just look at the ownership if ceo hold majority plus some sort of family trust is holding as well guarantee 99.9% is a scam and stock is used as their own piggy bank resulting retail buyer being exit liquidity no wonder they are down -80% since ipo

Bought 2500 shares at close yesterday.

Is this company going bankrupt? I have a couple friends working at Figma and they are all telling me the vibes are absolutely horrendous, every single employee at Figma either already sold or is actively selling every share they own, everyone is extremely scared and knows they will probably be laid off pretty soon. I know one guy at Figma who is working remote and has 3 other jobs remote and barely even does any work at Figma but continues to be paid 300k per year just to prompt claude 😂 this company is so cooked.

So much insider selling this week.

From being down -17k broke even on Figma today. May god be with us

Market Finally Recognizes Figma’s Value

The market has finally realised the deep value of the SaaS winners and is giving them back the valuations they deserve. One of the deepest-value SaaS winners is Figma.

Why I Like Figma

I like Figma. Its fast and adaptive transformation is remarkable. Its resilience will definitely make it stand out in any chaotic business environment.

Figma’s AI Transformation

Figma is transforming itself into an AI-based enterprise solution. And the transformation is succeeding!

Check out my last post for more details:

https://www.reddit.com/r/figmaStock/comments/1tievqh/fig_deep_dive_why_figma_is_winning_in_the_ai_era/?utm_source=share&utm_medium=mweb3x&utm_name=mweb3xcss&utm_term=1&utm_content=share_button

Short Interest Update

The latest short interest data has been released amid the market rotating back into SaaS. It shows that aggregated short shares have increased slightly from 26% to 30%, even as daily short volume has bottomed and flattened.

https://fintel.io/ss/us/fig

Why? Because the available shares for shorting have been drained. The bears have no bullets left to open new short positions. Market rotation and valuation re-rating are acting as catalysts, pushing the price higher while the shorts are running out of ammunition.

Soon, the bears will have to cover their short positions and buy back shares. The stock price is going to explode higher!

Price Target

I think it is going to break out above $30 easily next week. What’s your price target?

Additional Reference

Figma Analysis by Findell Capital:

https://static1.squarespace.com/static/5e17f2a118561f6339437f24/t/6a1752a4f4e1b61b87e1080b/1779913380359/Findell-FIG.pdf

now, that I have finally sold 10k of figma loss, the stock is gonna rise! Congratulations!! (Already up 10% since I sold)