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Figma’s Stock Performance
Figma’s stock (NYSE: FIG) plummeted 26.2% in September 2025, marking its second consecutive month of double-digit losses following its IPO on August 1, 2025. This decline comes after a 39% drop in August, although shares remain above the IPO price at nearly $52 per share, down from an initial close of $65.57.
Quarterly Earnings Report
The company reported a 41% year-over-year revenue growth of $249.6 million in Q2 2025, but its adjusted net income of $19.8 million rounded to breakeven earnings per share, below the analyst consensus of $0.08. Following the earnings miss, Figma’s stock decreased by 19.9% the next day.
Valuation Concerns
Despite innovative technology appealing to major clients like Netflix and Zoom, Figma’s stock is currently trading at 277 times trailing earnings and is valued at approximately $25.4 billion, raising concerns about its sustainability at this valuation.
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