Core Viewpoint - Figma's stock has experienced a significant decline since its IPO, dropping over 25% from the initial price of $33 per share, but long-term investors may still find potential for growth due to the company's revenue increases and market opportunities [1][5]. Company Performance - Figma's revenue for the first nine months of 2025 reached $752 million, reflecting a 41% increase compared to the same period in 2024 [4]. - Despite the revenue growth, Figma reported a loss of over $1 billion in the same timeframe, which is an increase from a loss of $830 million in the previous year [5]. - The company does not have a P/E ratio due to its losses, but its price-to-sales (P/S) ratio stands at 12, indicating a high valuation relative to its sales [5]. Market Potential - Figma estimates its total addressable market at $33 billion in annual revenue, suggesting significant growth potential as it generated an estimated $1.05 billion in revenue for 2025 [8]. - The average revenue growth for S&P 500 companies is estimated at 5.6% for 2025, while Figma's growth rate significantly exceeds this benchmark [8]. Financial Health - Figma generated $204 million in free cash flow in the first nine months of 2025, indicating that it has sufficient cash to sustain operations despite net losses [9]. - The company's high stock-based compensation, amounting to around $1.1 billion, contributed to its losses but also reflects its ability to generate cash [9]. Future Outlook - Figma's rapid growth and declining valuation suggest that the stock may outperform the market over the next five years, despite current challenges [10]. - The ongoing revenue increases and decreasing P/S ratio indicate that a turnaround for the stock could be on the horizon [11].

Core Viewpoint - The software industry is experiencing significant stock declines due to fears that AI will disrupt traditional software, although some industry leaders believe this concern is exaggerated [1][2][3]. Group 1: Software Industry Overview - Software stocks have dropped sharply, with the iShares Expanded Tech-Software ETF down 21% year-to-date, primarily in the last week [2]. - Nvidia CEO Jensen Huang argues that AI will enhance rather than replace existing software, suggesting that the software industry is not in decline [3]. Group 2: Company Analysis Microsoft - Microsoft has a strong presence in enterprise software and its Azure cloud infrastructure is growing rapidly, with a 39% revenue increase in the latest quarter [5]. - Despite its financial strength, Microsoft stock has fallen 25% from its peak in the last three months due to concerns over rising capital expenditures for AI initiatives [6][8]. - The stock is currently trading at a price-to-earnings discount compared to the S&P 500, presenting a potential buying opportunity [8]. Shopify - Shopify has seen a 38% decline from its peak at the end of October, but it remains a leader in e-commerce software [9]. - The company reported a 32% revenue increase to $2.8 billion in its most recent quarter, indicating strong growth potential [12]. - Shopify is integrating AI into its platform, which may help it maintain its competitive edge [10]. Figma - Figma's stock has dropped about 85% from its peak, despite being a leader in design software and having a history of GAAP profitability [13][15]. - The company is actively incorporating AI into its product offerings, which may enhance its market position [15]. - Figma's skills are in high demand, indicating a competitive advantage in the job market [15].

Quick Read Figma (FIG) trades around $21 per share after plunging 85% from its $142.92 post-IPO high. Figma’s business faces pressure from Google’s Project Genie which auto-generates interactive 3D environments from text prompts. Figma’s 85% decline exceeds other AI-pressured software stocks. Investors rethink 'hands off' investing and decide to start making real money Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL) is hitting its stride in artificial intelligence. Its Gemini model continues to advance rapidl ...

Core Insights - Figma's IPO was priced at $33 per share, surged to $122, but has since dropped approximately 80% to around $24 as of February 2 [1] Company Overview - Figma is a design company that enhances collaboration in user interface (UI) and user experience (UX) design, similar to how Google Docs improved document collaboration [2][3] - The platform allows real-time collaboration in the cloud, distinguishing itself from traditional software solutions [3] Customer Growth - Figma reported 1,262 customers with an annual recurring revenue (ARR) of at least $100,000, and 12,910 customers with an ARR of at least $10,000, marking increases of 385 and 3,148 year-over-year, respectively [4] - The growth in high-value customers is significant as they tend to have longer retention and deeper integration into design processes, with about 30% using Figma's AI tool weekly [5] Financial Performance - Figma's revenue increased by 38% year-over-year to $274.2 million, with its annual revenue run rate surpassing $1 billion for the first time [6] - The company reported an operating loss of approximately $1.1 billion, primarily due to $975.7 million in one-time stock-based compensation, a common occurrence for newly public companies [8]

该机构还调降了Amplitude(AMPL.US)、Asana(ASAN.US)、BlackLine(BL.US)、Braze(BRZE.US)、 Figma(FIG.US)、HubSpot(HUBS.US)、赛富时(CRM.US)、Oracle(ORCL.US)、Klaviyo(KVYO.US)、 monday.com(MNDY.US)、ServiceTitan(TTAN.US)和ZoomInfo(GTM.US)的目标价。 尽管市场对软件板块持续悲观，但分析师补充称，他们仍看好微软和ServiceTitan，并将其列为2026年 的两大首选股，尽管科技行业仍处于"AI产品爬升的早期阶段"。 "我们认为微软或许是当前AI应用领域的最佳纯粹标的，"分析师写道。"我们对2025年下半年CIO的调 查显示，受访者对Azure和Copilot活动的看法正变得更为积极。我们建议在微软2026财年第二季度业绩 公布后的回调中买入。" 分析师补充道："对ServiceTitan而言，众多的增长驱动力(如Max/Pro产品、商业业务、屋面工程、新行 业拓展)让我们有信心认为，其2027财年营收存在超预期可能。" 智通财经AP ...

Weakness in the software sector punished Figma.Shares of Figma (Nasdaq: FIG) continued to fall last month even though there was little news out on the design-focused cloud software stock. Instead, Figma, like other software-as-a-service (SaaS) stocks, has fallen sharply amid fears that AI will disrupt software by making it easy to substitute for things like the web design that Figma enables.Those fears hit a fever pitch toward the end of the month as SaaS leaders like Microsoft, ServiceNow, and SAP all fell ...

Figma (NYSE:FIG) 2026 Conference Summary Industry and Company Overview - **Company**: Figma - **Industry**: Design and Prototyping Software, with a focus on AI integration in design processes Core Points and Arguments - **AI Integration**: Figma has adopted AI in a way that addresses real user problems rather than superficially adding AI features. Early implementations included automating tasks like renaming layers, which significantly saves designers' time [8][9] - **Figma Make**: The introduction of Figma Make allows seamless transitions between design and prototyping, emphasizing that these processes should be interconnected [12] - **Role Evolution**: The roles of designers and product managers (PMs) are not blurring, but their responsibilities are. AI encourages a more generalist approach, where individuals are expected to solve problems collaboratively without being blocked by role boundaries [15][16] - **Future of UI**: The current paradigm of AI agents is limited. Future design may shift towards voice or text prompts rather than traditional UIs, leading to a fundamental change in design principles [24][25] - **Collaboration**: Figma envisions a future where humans and AI agents work together in a collaborative environment, similar to Google Docs, enhancing the design process [30][31] - **Design Judgment**: The ability to generate multiple design options will not be the scarce resource; rather, the skill to judge and select the best options will become increasingly valuable [32][34] - **Quality vs. Speed**: While AI can speed up the design process, it is crucial to maintain quality. Organizations must prioritize quality and ensure that designers have a say in product shipping decisions to avoid compromising on design standards [76] Additional Important Insights - **Emotional Connection**: Figma emphasizes the importance of creating emotional connections through design, which can enhance user experience and engagement [71] - **Divergence in Design**: The ability to explore a wide range of design options is essential for innovation. Figma encourages divergence in the design process to achieve better outcomes [74] - **Cultural Considerations**: Different organizational cultures influence how design quality is prioritized. Companies that do not integrate quality checks into their shipping processes may face disadvantages [76] - **Taste and Design**: The distinction between taste and design is highlighted, suggesting that while taste is subjective and personal, good design principles can be taught and learned [61][62] This summary encapsulates the key discussions from the Figma conference, focusing on the integration of AI in design, the evolution of roles, and the importance of maintaining quality in the fast-paced design environment.

Group 1: Company Overview - Adobe is a legacy creative software giant known for products like Photoshop, Illustrator, and Premiere, primarily selling bundled Creative Cloud subscriptions across various creative services [3] - Figma, in contrast, is a browser-based design and prototyping tool focused on real-time collaboration, competing mainly with Adobe XD, and has gained popularity among design teams, especially in startups and tech companies [4] Group 2: Financial Comparison - Adobe's trailing twelve months (TTM) revenue stands at $23.8 billion with a year-over-year growth of 11%, while Figma's TTM revenue is $1.0 billion with a much higher growth rate of 38% [7] - Adobe's TTM net income is $7.1 billion, whereas Figma reports a net loss of $0.9 billion [7] - Free cash flow for Adobe is $9.9 billion compared to Figma's $0.3 billion, indicating Adobe's strong cash generation capabilities [7] - Adobe's price-to-earnings ratio is 17.6, while Figma does not have a P/E ratio due to its net loss; however, Figma's price-to-sales ratio is significantly higher at 13.6 compared to Adobe's 5.1 [7][8]

Core Insights - Figma's stock has experienced significant volatility, dropping from a 52-week high of $142.92 to a low of $26.79, presenting a potential buying opportunity [1] Group 1: Business Strategy - Figma is focused on reinventing design software by integrating artificial intelligence, exemplified by its acquisition of AI design startup Weavy, now known as Figma Weave [3] - The proprietary AI tool, Figma Make, is utilized weekly by 30% of customers generating annual recurring revenue (ARR) of $100,000 or more, indicating strong engagement and growth [4] Group 2: Customer Growth - In Q3 2025, Figma added over 1,000 customers with ARR of $10,000 or more, showcasing effective customer acquisition strategies [5] - The net dollar retention rate for clients with ARR of at least $10,000 was 131%, suggesting that existing customers are increasing their spending [5] Group 3: Financial Performance - Figma reported record revenue of $274.2 million in Q3, marking a 38% year-over-year increase, with consistent growth observed since Q1 2024 [6] - The company anticipates Q4 revenue to be between $292 million and $294 million, reflecting a projected 35% year-over-year growth at the midpoint [6] Group 4: Financial Health - Figma exited Q3 with total assets of $2.1 billion, including over $1.5 billion in cash and marketable securities, indicating a strong financial position [7] - Total liabilities stood at $684.7 million, with $473.6 million classified as deferred revenue, representing upfront payments from customers [7]

We came across a bullish thesis on Figma, Inc. on Bullseye Picks’s Substack by Bullseye Investing. In this article, we will summarize the bulls’ thesis on FIG. Figma, Inc.'s share was trading at $27.07 as of January 29th. FIG’s forward P/E was 67.57 according to Yahoo Finance. Jim Cramer's Positive On Seagate Technology Copyright: scyther5 / 123RF Stock Photo Figma, a web-based platform for designing, prototyping, and building digital products such as websites and apps, represents a leading disruptor in ...