Figma Stock Trades Above IPO Price Despite Volatility, Posts Strong Revenue Growth
Figma, the design platform, has seen its stock price fluctuate since its Initial Public Offering (IPO). Despite recent drops, shares trade above the IPO price. The company's latest earnings report showed a 39% increase in adjusted net income, although earnings per share remained steady.
Figma's stock is currently valued at 277 times trailing earnings and 28.5 times sales. The company's founders, Dylan Field and Evan Wallace, have seen their creation trade above the IPO price despite steep price drops. Field, also serving as CEO, has overseen the company's growth, which includes a 41% year-over-year revenue increase in Q2 2025, reaching $249.6 million.
Figma's technology, which uses AI and advanced collaboration tools, has attracted high-profile clients such as Netflix, Duolingo, Zoom, and The New York Times. However, the company's earnings per share remained breakeven in Q2 2025, despite a 39% rise in adjusted net income. Figma's stock price soared on its IPO day, closing at $65.57 after being priced at $33 per share.
Figma's stock, currently trading at 277 times trailing earnings and 28.5 times sales, has experienced volatility since its IPO. Despite recent drops, shares remain above the IPO price. The company's revenue growth and high-profile clients indicate potential, but earnings per share have yet to reflect the same upward trend as net income.
