Figma (NYSE:FIG) Announces Earnings Results

Key Points

• Figma reported an earnings loss of ($0.07) per share for the quarter, falling short of the consensus estimate of $0.08.
• The company has updated its financial guidance for FY 2025 and Q3 2025.
• Insider transactions indicate significant selling, with Director Mamoon Amjad Hamid divesting 2.76 million shares at an average price of $31.52.

Figma (NYSE:FIG - Get Free Report) posted its quarterly earnings data on Wednesday. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.15), Zacks reports. The company had revenue of $249.64 million during the quarter, compared to analyst estimates of $248.97 million. Figma updated its FY 2025 guidance to EPS and its Q3 2025 guidance to EPS.

Figma Stock Performance

Shares of NYSE:FIG traded up $0.21 during midday trading on Friday, reaching $54.77. 20,753,811 shares of the company's stock were exchanged, compared to its average volume of 7,323,794. The company has a market capitalization of $22.46 billion and a price-to-earnings ratio of 74.01. Figma has a 12 month low of $50.49 and a 12 month high of $142.92.

Insiders Place Their Bets

In other news, major shareholder Ventures Vi (Jersey) Lp Index sold 3,187,765 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $31.52, for a total value of $100,478,352.80. Following the sale, the insider owned 55,810,810 shares of the company's stock, valued at approximately $1,759,156,731.20. This represents a 5.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel H. Rimer sold 3,293,276 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $31.52, for a total transaction of $103,804,059.52. Following the sale, the director owned 834,800 shares of the company's stock, valued at $26,312,896. This trade represents a 79.78% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 312,500 shares of company stock worth $10,312,500 and sold 19,617,451 shares worth $618,294,215. 45.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

FIG has been the subject of a number of research analyst reports. Wolfe Research assumed coverage on Figma in a report on Monday, August 25th. They set a "peer perform" rating for the company. Bank of America cut their target price on shares of Figma from $85.00 to $69.00 and set a "buy" rating for the company in a research note on Thursday. The Goldman Sachs Group started coverage on shares of Figma in a report on Monday, August 25th. They issued a "neutral" rating and a $48.00 price target for the company. William Blair began coverage on shares of Figma in a research report on Monday, August 25th. They issued an "outperform" rating on the stock. Finally, Wall Street Zen raised shares of Figma to a "hold" rating in a research report on Saturday, August 9th. Three research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $67.43.

About Figma

Figma is where teams come together to turn ideas into the world's best digital products and experiences. Every day, billions of people around the world use apps, websites, and other digital experiences that are made in Figma. They're looking up directions on Google Maps; requesting rides with Uber; checking in for flights on JetBlue; streaming shows on Netflix; learning languages with Duolingo; asking questions of Claude; connecting on LinkedIn; buying goods on Mercado Libre; or booking stays and experiences with Airbnb.