Figma, Inc. shares fall over 20%, currently trading at $97.15

Figma, Inc. shares fall over 20%, currently trading at $97.15

Figma, Inc., the San Francisco-based company known for its web and mobile application interface design tool, saw its shares fall over 20% on July 2, 2025, trading at $97.15. This significant drop comes after a remarkable 250% surge on its IPO debut on June 29, 2025 [1]. The stock, which initially priced at $33 per share, reached an all-time high of $126, giving Figma a market value of $61.5 billion [1].

The volatility in Figma's stock price reflects the market's reaction to the company's financial performance and broader economic conditions. Despite reporting a net income of $44.9 million and revenue of $228 million in the first quarter of 2025, Figma faced rising operating expenses that contributed to a net loss of $732 million for the year [1]. Additionally, the company's abandoned merger with Adobe Inc., which would have valued Figma at $20 billion, may have contributed to investor concerns [1].

The decline in Figma's stock price is also part of a broader trend in the tech sector. The Swiss Market Index, which includes major tech companies, fell as much as 1.9% on Monday, July 1, 2025, after US President Donald Trump imposed a surprise 39% tariff on Swiss exports [3]. This tariff affected luxury goods and other non-drug exports, leading to a sell-off in Swiss stocks.

Investors should closely monitor Figma's earnings report scheduled for August 6, 2025, which is expected to show a rise in quarterly revenue and a loss of 2 cents per share [2]. The company's performance in the coming quarters will be crucial in determining the long-term trajectory of its stock price.

References:
[1] https://economictimes.indiatimes.com/markets/stocks/news/listing-or-blitzing-figma-stock-soars-250-higher-on-day-1-on-wall-street/articleshow/123055420.cms
[2] https://www.tradingview.com/news/reuters.com,2025:newsml_L8N3TW14X:0-aurora-cannabis-inc-expected-to-post-a-loss-of-2-cents-a-share-earnings-preview/
[3] https://tradingeconomics.com/switzerland/stock-market