Figma, Inc. (FIG) Key Metrics
FIG valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $11.45B
- Enterprise value
- $10.00B
- P/E (TTM)
- —
- Forward P/E
- 60.6
- PEG ratio
- 7.95
- Price / sales
- 8.9
- Price / book
- 7.8
- EV / EBITDA
- 441.1
- Dividend yield
- —
- Beta
- —
FIG key metrics, 2023–2025
Fiscal year ended December 31, 2025 · U.S. dollarsFIG returns How much profit the business earns on the capital it uses.
FIG per-share figures Results divided by the shares outstanding at year-end.
FIG financial health Debt, liquidity and how easily interest is covered.
FIG efficiency & capital use Working capital cycle and where the cash goes.
FIG valuation history
FIG returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
FIG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
FIG cash returned to shareholders
FIG price vs earnings per share
FIG key metrics
2023–2025| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Valuation | |||
| Market capitalization | $19.10B | — | — |
| Enterprise value | $17.56B | — | — |
| Price / sales | 18.1 | — | — |
| Price / book | 12.6 | — | — |
| Price / free cash flow | 77.6 | — | — |
| Price / operating cash flow | 76.2 | — | — |
| EV / sales | 16.6 | — | — |
| EV / free cash flow | 71.3 | — | — |
| Earnings yield | −6.5% | — | — |
| Free cash flow yield | 1.3% | — | — |
| Shareholder yield (dividends + buybacks) | 0.0% | — | — |
| Share price at fiscal year-end | $37.37 | — | — |
| Per share | |||
| Revenue per share | $2.07 | $1.67 | $1.04 |
| Earnings per share | −$2.45 | −$1.63 | $0.59 |
| Operating cash flow per share | $0.49 | −$0.14 | $2.15 |
| Free cash flow per share | $0.48 | −$0.15 | $2.14 |
| Cash per share | $3.24 | $3.25 | $2.91 |
| Book value per share | $2.96 | $2.95 | $2.14 |
| Tangible book value per share | $2.72 | $2.92 | $2.11 |
| Capex per share | $0.01 | $0.02 | $0.01 |
| Debt per share | $0.22 | $0.06 | $0.03 |
| Shares outstanding | 511.0M | 448.2M | 487.5M |
| Change in shares outstanding | +14.0% | −8.1% | — |
| Returns & profitability | |||
| Return on equity (ROE) | −88.2% | −61.9% | 27.4% |
| Return on assets (ROA) | −60.4% | −43.1% | 17.8% |
| Return on tangible assets | −56.1% | −41.1% | 18.0% |
| Free cash flow margin | 23.3% | −9.2% | 206.2% |
| Income quality (OCF / net income) | — | — | 3.66 |
| Financial health | |||
| Total debt | $114.3M | $28.8M | $14.6M |
| Cash & short-term investments | $1.66B | $1.46B | $1.42B |
| Net debt | −$1.54B | −$1.43B | −$1.40B |
| Debt / equity | 0.08 | 0.02 | 0.01 |
| Debt / assets | 0.05 | 0.02 | 0.01 |
| Net debt / EBITDA | — | — | −1.47 |
| Current ratio | 2.58 | 3.66 | 2.82 |
| Quick ratio | 2.58 | 3.66 | 2.82 |
| Working capital | $1.23B | $1.19B | $992.6M |
| Invested capital | −$31.0M | −$105.0M | −$361.4M |
| Tangible asset value | $1.39B | $1.31B | $1.03B |
| Net current asset value | $1.17B | $1.17B | $978.8M |
| Graham number | — | — | $5.31 |
| Graham net-net per share | $1.97 | $2.43 | $1.90 |
| Capital allocation | |||
| Share buybacks (net) | $0 | $861,000 | $2,000 |
| Dividends + buybacks / free cash flow | 0.0% | — | 0.0% |
| Capex / revenue | 0.4% | 1.0% | 1.3% |
| Capex / operating cash flow | 1.8% | — | 0.6% |
| Capex / depreciation | 0.28 | 0.96 | 0.76 |
| Stock-based compensation / revenue | 129.2% | 126.5% | 0.5% |
| R&D / revenue | 97.5% | 100.3% | 32.6% |
| SG&A / revenue | 107.1% | 105.2% | 73.1% |
| Efficiency | |||
| Days sales outstanding | 65.6 | 53.9 | 65.1 |
| Days payables outstanding | 8.5 | 16.4 | 30.2 |
| Cash conversion cycle (days) | 57.0 | 37.6 | 34.9 |
| Receivables turnover | 5.57 | 6.77 | 5.60 |
| Payables turnover | 42.82 | 22.30 | 12.07 |
| Asset turnover | 0.51 | 0.44 | 0.32 |
| Average receivables | $189.6M | $110.7M | $90.1M |
| Average payables | $4.3M | $3.9M | $3.7M |
| Intangibles / total assets | 5.1% | 0.8% | 0.9% |
Computed from FIG's annual financial statements (latest annual report filed February 18, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
FIG valuation and financial ratios
Figma earned a return on equity of −88.2% in fiscal 2025. It ended the year with $114.3 million of debt and $1.7 billion in cash and short-term investments, a net cash position of $1.5 billion.
See the FIG income statement, the FIG chart for price history, or the FIG stock overview for the latest quote and news.
FIG key metrics FAQ
What is Figma's return on equity?
Figma's return on equity (ROE) was −88.2% in fiscal 2025: net income of -$1.3 billion on average shareholders' equity of $1.4 billion.
How much debt does Figma have?
Figma had total debt of $114.3 million at the end of fiscal 2025, a debt-to-equity ratio of 0.08 and more cash than debt.
What is Figma's free cash flow yield?
Figma generated $246.2 million of free cash flow in fiscal 2025, a free cash flow yield of 1.3% on its market value at year-end ($19.1 billion).
What is Figma's current ratio?
Figma's current ratio was 2.58 at the end of fiscal 2025: current assets were 2.58 times current liabilities.