Figma, Inc. (FIG)
Technology · Software - Application · Data as of 2026-10-22
Bottom line
FIG is trading near its usual valuation, near its historical support zone, and recent volume shows no clear direction. The picture is mixed, so it may be worth watching rather than acting on. Past patterns are not a guarantee of future results.
Valuation — Cheap-looking, with quality flags (Yellow)
FIG isn't profitable yet, so we compare its price-to-sales of 8.2× with its own typical level (69.1×) while revenue grows about 41% a year. Its gross margin is high (79%), which suggests it could turn profitable once it eases off growth spending. Looking ahead, analysts expect revenue to grow about 24% and on next year's expected revenue the company is valued at 6.9× sales. Despite the accounting losses, it already generates positive free cash flow. Analysts currently expect it to turn profitable around 2026.
Quality check: only 3 of 9 year-over-year fundamentals checks passed last fiscal year. A low multiple alongside deteriorating fundamentals is sometimes a sign of a weakening business rather than a bargain.
Price zones — Near its historical support zone (Green)
At $24.10, the stock is close to the lower end of its recent range. Over the past year FIG has traded between $16.60 and $55.48; its historical support zone sits near $23.73 and resistance near $55.48. It is above both its 50- and 200-day averages, which has historically signalled an uptrend.
52-week range $16.60–$55.48 · 50-day average $23.73 · 200-day average $23.47
Money flow — No clear direction (Yellow)
Buying and selling volume in FIG have been fairly balanced recently, with no strong accumulation or distribution pattern. Volume on up days has been about 0.7× volume on down days over the last 30 sessions.
Dividends & company facts
FIG doesn't pay a dividend, and it issued more shares than it bought back in fiscal 2025. Its share count rose 8.2% over the past year.
- Shares, past year
- +8.2%
- Revenue, 12 months
- $1.3B
- Profit, 12 months
- $-1578M
- Employees
- 1,886
- CEO
- Dylan Field
- Headquarters
- San Francisco, CA
- Listed since
- 2025 · NYSE
About the company
Figma, Inc. develops and sells a collaborative, browser-based platform for designing, prototyping, building digital experiences, and subscriptions for access to its platform. The company offers Figma Design, a collaborative design tool for teams that explore ideas and gather feedback, build realistic prototypes, and streamline product development with design systems; Dev Mode to inspect designs and translate them into code without changing the design file; FigJam to define ideas, align decisions, and move work forward—all in one place; and Figma Slides, a presentation tool built for…
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一句话结论
FIG 估值接近其惯常水平，接近其历史支撑区，近期成交量没有明确方向。整体情况好坏参半，也许更适合先观察，而不是急于行动。过去的形态并不能保证未来的结果。
估值 — 看似便宜，但有质量警示
FIG 目前尚未盈利，因此我们把它 8.2× 的市销率与其自身惯常的水平（69.1×）作比较，同期营收年增长约 41%。它的毛利率很高（79%），意味着一旦放缓增长投入，它有望转为盈利。往前看，分析师预计营收将增长约 24%，按明年的预期营收计算，公司的估值相当于销售额的 6.9×。尽管账面上是亏损，它已经能产生正的自由现金流。分析师目前预计它将在 2026 年前后转为盈利。
质量核对：上一财年 9 项逐年基本面核对中只通过了 3 项。低估值伴随基本面走弱，有时反映的是业务在恶化，而不是便宜。
价格区间 — 接近其历史支撑区
目前价格为 $24.10，接近其近期区间的下沿。过去一年 FIG 的价格在 $16.60 到 $55.48 之间波动；其历史支撑区在 $23.73 附近，阻力区在 $55.48 附近。它同时位于 50 日和 200 日均线上方，这在历史上通常对应上升趋势。
资金流向 — 方向不明确
FIG 近期的买卖成交量大致均衡，没有明显的吸筹或派发形态。过去 30 个交易日，上涨日的成交量约为下跌日的 0.7×。
股息与公司概况
FIG 不派发股息，并且在 2025 财年发行的股票多于回购的股票。其股数过去一年增加了 8.2%。
UnderTheLight 用直白的语言解释股票——估值、价格区间与资金流向。它只描述数据，不构成任何投资建议。
UnderTheLight explains stocks in plain English — valuation, price zones and money flow as traffic lights, recomputed nightly. It describes data; it is not investment advice and never recommends a trade.