Post-IPO Stock Performance
Figma debuted on July 31, 2025 at $143/share, with a first-day high of $142.92. The stock has since collapsed — trading at ~$19.38 by May 2026, an ~86% decline from the IPO-day high. The 52-week range is $16.60–$142.92, with the stock near multi-month lows. Key headwinds: intense competition from AI-native design tools (including Anthropic Claude Design), execution concerns, and a $1.25B net loss in 2025 despite $1.06B in revenue.
IPO Price
$143.00
July 31, 2025 — NYSE listing
First Day High
$142.92
All-time high, July 31, 2025
Price (May 2026)
~$19.38
Down ~86% from IPO-day high
52-Week Low
$16.60
Near current trading levels
Market Cap (May 2026)
~$9.88B
vs. ~$55B at IPO
Q1 2026 Earnings
May 14
Next catalyst: Q1 2026 report
⚠️ Post-IPO Collapse: What Happened
Figma's stock has fallen ~86% from its July 2025 IPO-day high of $142.92 to ~$19.38 by May 2026. The primary drivers: (1) AI-native design tools — including Anthropic Claude Design — are directly threatening Figma's core market; (2) the $1.25B net loss in 2025 raised profitability concerns despite $1.06B in revenue; (3) broad multiple compression in SaaS and design software. The stock is near its 52-week low of $16.60 with Q1 2026 earnings on May 14, 2026 as the next major catalyst.
Key Financial Metrics
Figma generated $1.06 billion in revenue in 2025 — up 41% year-over-year, driven by enterprise adoption and Figma AI. But the company posted a net loss of $1.25B, a major concern for investors. Q1 2026 earnings on May 14 will be closely watched for margin improvement signals.
$143
IPO Price Per Share
NYSE: FIG, listed July 31, 2025
$1.06B
2025 Revenue
+41% year-over-year growth
-$1.25B
2025 Net Loss
Path to profitability in focus
~$55B
IPO Valuation
At $143/share pricing (Jul 2025)
4M+
Monthly Active Users
90% of Fortune 2000 design teams
~$9.88B
Market Cap (May 2026)
Down ~82% from $55B at IPO
What Is Figma?
Figma was founded in 2012 by Dylan Field and Evan Wallace with a singular vision: move design entirely to the browser. Before Figma, UI/UX design required expensive desktop software (Adobe Illustrator, Sketch) that ran locally and made real-time collaboration nearly impossible. Figma changed the paradigm by building a vector design tool that runs natively in the browser, enabling teams to design, prototype, and collaborate in real time — the same way Google Docs transformed word processing.
Today, Figma is a publicly traded company (NYSE: FIG) that dominates the UI/UX design market. Approximately 90% of Fortune 2000 design teams use Figma, with over 4 million monthly active users. The company's product suite has expanded well beyond its original design tool to include FigJam (collaborative whiteboarding), Dev Mode (design-to-code handoff), and Figma AI (generative design features). Despite its market dominance, the rise of AI-native design tools — most notably Anthropic Claude Design — poses an existential competitive challenge.
Post-IPO, Figma is focused on proving a path to profitability, defending against AI competition, and expanding its developer tools business. CEO Dylan Field has positioned the company as the operating system for product design — but investors are demanding margin improvement before the next re-rating.
📉 From $20B Adobe Deal to $143 IPO — The Independent Path
In September 2022, Adobe agreed to acquire Figma for $20 billion — the largest acquisition in creative software history. But EU and DOJ regulators concluded the deal would eliminate meaningful competition, and both companies walked away in December 2023. Adobe paid Figma a $1 billion termination fee — effectively funding Figma's IPO war chest without dilutive fundraising. Figma listed on NYSE in July 2025 at $143/share, implying a ~$55B valuation — nearly 3x the abandoned Adobe acquisition price. The stock has since fallen ~86% as AI competition and profitability concerns weighed heavily.
IPO & Post-IPO Timeline
2012
Figma Founded
Dylan Field and Evan Wallace begin building a browser-native design tool while at Brown University
2015
Public Launch
Figma launches publicly after three years of development; immediate traction among product designers
June 2021
Series E — $200M at $12.5B Valuation
Led by Sequoia and Index Ventures; company crosses $200M ARR and enters the enterprise market aggressively
September 2022
Adobe Acquisition Announced — $20B
Adobe agrees to acquire Figma for $20 billion — the largest creative software deal ever; antitrust review begins immediately
December 2023
Adobe Deal Blocked — $1B Termination Fee Paid
EU and DOJ signal intent to block on antitrust grounds; Adobe and Figma terminate the deal; Adobe pays $1B breakup fee
2024
Figma Refocuses on Independence
CFO hired; financial audits initiated; Figma AI and Dev Mode launched; enterprise sales accelerate; ARR approaches $750M
Early 2025
S-1 Filed with SEC
Figma files registration statement; IPO roadshow begins with strong institutional investor interest
July 31, 2025
🟢 IPO: Listed on NYSE at $143/Share
Prices at $143/share; first day high: $142.92. Implies ~$55B valuation at listing. Ticker: FIG on NYSE
Q3–Q4 2025
2025 Financials: $1.06B Revenue, -$1.25B Net Loss
Revenue $1.06B (+41% YoY) but net loss of $1.25B raises profitability concerns; AI competition intensifies
Early–Mid 2026
Stock Decline Accelerates — Down ~86%
FIG falls from IPO-day high of $142.92 to ~$19.38 by May 2026; 52-week low: $16.60; AI competition (Claude Design) and profitability concerns are primary drivers
May 14, 2026
Q1 2026 Earnings — Key Catalyst
Next major catalyst: investors watching for revenue growth acceleration and path to narrowing losses
Figma vs. Competitors
| Company |
Market Cap (May 2026) |
Revenue |
Core Product |
Status |
| Figma (FIG) |
~$9.88B |
$1.06B (2025, +41%) |
Browser-based design |
🟢 Public — NYSE (Jul 2025) |
| Adobe (ADBE) |
~$180B |
$21B+ |
Creative Cloud |
Public (ADBE) |
| Canva |
~$26B est. |
~$2.3B ARR |
Consumer/SMB design |
Private |
| Sketch |
N/A |
~$50M ARR |
Mac-native design |
Private |
| InVision |
Acquired |
Declining |
Prototyping |
Acquired |
Data as of May 2026. Valuations approximate. Figma is the only pure-play public design platform on NYSE.
Frequently Asked Questions
When did Figma IPO?
Figma went public on July 31, 2025 on the New York Stock Exchange (NYSE) under the ticker symbol FIG. The IPO priced at $143 per share, with a first-day high of $142.92, valuing the company at approximately $55 billion at listing. It was one of the most anticipated design software IPOs of 2025.
What is Figma's stock price in 2026?
As of May 2026, Figma (NYSE: FIG) trades around $19.38 per share — approximately 86% below its IPO-day high of $142.92. The 52-week range is $16.60–$142.92, with the stock near multi-month lows. The current market cap is approximately $9.88 billion, down from ~$55B at the IPO. The decline reflects intense AI design competition and profitability concerns following a $1.25B net loss in 2025.
What is Figma's ticker symbol?
Figma trades on the New York Stock Exchange (NYSE) under the ticker symbol FIG. The company listed on July 31, 2025 — one of the most closely watched tech IPOs of the year following the collapse of the $20B Adobe acquisition in December 2023.
What happened with the Adobe acquisition of Figma?
In September 2022, Adobe announced it would acquire Figma for approximately $20 billion — the largest acquisition in creative software history. The deal faced intense antitrust scrutiny from both the European Commission and the U.S. Department of Justice, both of which concluded the acquisition would eliminate meaningful competition in UI/UX design tools. In December 2023, Adobe and Figma mutually terminated the agreement. Adobe paid Figma a $1 billion termination fee. Figma subsequently refocused on its independent growth trajectory and went public on NYSE in July 2025 at $143/share.
What were Figma's 2025 revenues?
Figma generated $1.06 billion in revenue in 2025, up 41% year-over-year, driven by enterprise adoption, Dev Mode, and Figma AI features. However, the company posted a net loss of $1.25 billion in 2025. Q1 2026 earnings are scheduled for May 14, 2026, which will be closely watched for signs of margin improvement and a path to profitability.
How has Figma performed since its IPO?
Figma (NYSE: FIG) listed at $143/share with a first-day high of $142.92 on July 31, 2025. By May 2026, the stock had fallen approximately 86% to ~$19.38 — near its 52-week low of $16.60. The collapse reflects: (1) intense competition from AI-native design tools including Anthropic Claude Design; (2) a $1.25B net loss in 2025 despite $1.06B revenue; (3) broad SaaS multiple compression. Q1 2026 earnings on May 14, 2026 are the next major catalyst. Major investors include Sequoia, Index Ventures, a16z, Kleiner Perkins, and Greylock.
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