Figma and UiPath Growth Insights
Figma (NYSE: FIG) and UiPath (NYSE: PATH), both leveraging AI for business automation, exhibit contrasting growth patterns. Figma, known for its cloud-based UI/UX tools, saw its customer base generating over $10,000 in annual recurring revenue increase by 45% to 10,517 in 2024, while total revenue surged 48% to $749 million despite a net loss of $732 million. In contrast, UiPath’s revenue growth decelerated to 9% in recent fiscal years, culminating in $1.4 billion, primarily due to sluggish enterprise spending. UiPath is still the leading player in robotic process automation, with over 60% of Fortune 500 companies as clients.
Figma’s enterprise value is approximately $17 billion; despite its rapid growth, its business model remains unproven in terms of sustainability. UiPath, with a lower enterprise value of $7.34 billion, is projected to achieve profitability in fiscal 2026, with a steady revenue growth forecast of 10% CAGR from fiscal 2025 to fiscal 2028, potentially reaching $1.88 billion. Analysts believe UiPath presents a more attractive investment option in the current market conditions.
