Figma - Public Comps and Valuation Multiples

Figma Overview

About Figma

Figma Inc is engaged in transforming ideas into digital products and experiences. The group focuses on the entire software creation lifecycle, enabling it to quickly launch new products on Figma’s browser-based platform and reinforcing its belief that design extends well beyond a single step or role. The company adopts an expansive view, as design is more than how something looks, feels, or works. It derives its revenue from sales of subscriptions for access to its platform.

Founded

2012

HQ

Employees

1.6K+

Website

figma.com

Sectors

Design & Engineering Software

Financials

LTM Revenue $1.0B

LTM EBITDA $129M

EV

$17.0B

Valuation Multiples

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Figma Financials

As of December 2025, Figma reported last 12-month revenue of $1.0B and EBITDA of $129M.

In the same period, Figma generated $914M in LTM gross profit and $158M in net income.

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Figma P&L

In the most recent fiscal year, Figma reported revenue of $749M and EBITDA of -$870M.

Figma expects next 12-month revenue of XXX and NTM EBITDA of XXX

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	LTM	NTM	Last FY	FY 2026	FY 2027	FY 2028
Revenue	$1.0B	XXX	$749M	XXX	XXX	XXX
Gross Profit	$914M	XXX	$661M	XXX	XXX	XXX
Gross Margin	87%	XXX	88%	XXX	XXX	XXX
EBITDA	$129M	XXX	-$870M	XXX	XXX	XXX
EBITDA Margin	12%	XXX	-116%	XXX	XXX	XXX
EBIT	$115M	XXX	-$877M	XXX	XXX	XXX
EBIT Margin	11%	XXX	-117%	XXX	XXX	XXX
Net Profit	$158M	XXX	-$732M	XXX	XXX	XXX
Net Margin	15%	XXX	-98%	XXX	XXX	XXX
Net Debt	XXX	XXX	n/a	XXX	XXX	XXX

Financial data powered by Morningstar, Inc.

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Financial performance metrics for Figma including revenue, profitability, and margin analysis across different time periods. The company reported last twelve months revenue of $1.0B. EBITDA for the last twelve months was $129M. In the most recent fiscal year, Figma achieved $749M in revenue and -$870M in EBITDA.
Financial Metric	Last Twelve Months (LTM)	Next Twelve Months (NTM)	Most Recent Fiscal Year	Current Fiscal Year (2026)	Next Fiscal Year (2027)	Two Years Forward (2028)
Total Revenue	$1.0B	Analyst estimates available to subscribers	$749M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit	$914M	Analyst estimates available to subscribers	$661M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit Margin	87.3% gross margin	Analyst estimates available to subscribers	88.3% gross profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA (Earnings Before Interest, Taxes, Depreciation, Amortization)	$129M	Analyst estimates available to subscribers	-$870M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA Margin	12.3% EBITDA margin	Analyst estimates available to subscribers	-116.1% EBITDA margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT (Earnings Before Interest and Taxes)	$115M	Analyst estimates available to subscribers	-$877M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT Margin	10.9% EBIT margin	Analyst estimates available to subscribers	-117.1% EBIT margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Income (Net Profit)	$158M	Analyst estimates available to subscribers	-$732M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Profit Margin	15.1% net profit margin	Analyst estimates available to subscribers	-97.7% net profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Debt Position	Detailed debt information available to subscribers	Detailed debt information available to subscribers	n/a	Detailed debt information available to subscribers	Detailed debt information available to subscribers	Detailed debt information available to subscribers

Financial Performance Summary for Figma

This financial data table provides comprehensive performance metrics for Figma, a company based in United States of America. The metrics include revenue, profitability measures, and operational efficiency indicators across multiple time periods.

Recent Performance Highlights

Figma generated $1.0B in revenue over the last twelve months.
The company achieved $129M in EBITDA over the last twelve months.
Gross profit for the last twelve months was $914M.
Net income over the last twelve months reached $158M.

Fiscal Year Performance

In the most recent fiscal year, Figma reported $749M in total revenue.
Fiscal year EBITDA was -$870M.
The company maintained a gross profit margin of 88.3% in the most recent fiscal year.
EBITDA margin for the fiscal year was -116.1%.
Net profit margin reached -97.7% in the most recent fiscal year.

This financial data is sourced from Morningstar, Inc. and represents the most recent available information for Figma. Forward-looking estimates and detailed financial projections are available through our premium subscription service.

Figma Stock Performance

Figma has current market cap of $18.5B, and EV of $17.0B.

Market Cap Evolution

Figma Stock Data

As of January 2, 2026, Figma's stock price is $37.

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EV	Market Cap	Price 1D	Price 1M	Price 3M	Price 12M	EPS
$17.0B	$18.5B	XXX	XXX	XXX	XXX	$0.39

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Figma Valuation Multiples

Figma's trades at 16.2x EV/Revenue multiple, and 131.8x EV/EBITDA.

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Figma Financial Valuation Multiples

As of January 2, 2026, Figma has market cap of $18.5B and EV of $17.0B.

Equity research analysts estimate Figma's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Figma has a P/E ratio of 117.5x.

	LTM	NTM	Last FY	FY 2026	FY 2027	FY 2028
Market cap (current)	$18.5B	XXX	$18.5B	XXX	XXX	XXX
EV (current)	$17.0B	XXX	$17.0B	XXX	XXX	XXX
EV/Revenue	16.2x	XXX	16.2x	XXX	XXX	XXX
EV/EBITDA	131.7x	XXX	131.8x	XXX	XXX	XXX
EV/EBIT	148.2x	XXX	148.2x	XXX	XXX	XXX
EV/Gross Profit	18.6x	XXX	n/a	XXX	XXX	XXX
P/E	117.5x	XXX	117.5x	XXX	XXX	XXX
EV/FCF	70.9x	XXX	70.9x	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Figma Margins & Growth Rates

Figma's last 12 month revenue growth is 23%

Figma's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.9M for the same period.

Figma's rule of 40 is 10% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Figma's rule of X is 70% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Figma Operational Valuation Multiples

	LTM	NTM	Last FY	FY 2026	FY 2027	FY 2028
Revenue Growth	23%	XXX	21%	XXX	XXX	XXX
EBITDA Margin	12%	XXX	12%	XXX	XXX	XXX
EBITDA Growth	5%	XXX	n/a	XXX	XXX	XXX
Rule of 40	10%	XXX	35%	XXX	XXX	XXX
Bessemer Rule of X	XXX	XXX	70%	XXX	XXX	XXX
Revenue per Employee	XXX	XXX	$0.5M	XXX	XXX	XXX
Opex per Employee	XXX	XXX	$0.9M	XXX	XXX	XXX
S&M Expenses to Revenue	XXX	XXX	63%	XXX	XXX	XXX
G&A Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
R&D Expenses to Revenue	XXX	XXX	100%	XXX	XXX	XXX
Opex to Revenue	XXX	XXX	205%	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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