Figma Stock: Should You Buy Before Sept. 3? Wall Street's Unanimous Answer

Figma's IPO saw its stock surge 250% on its first day of trading, but has since given back some gains, falling 43% from its peak. The company is set to release its Q2 financial results on Sept. 3, with Wall Street analysts largely bullish on the stock, citing Figma's impressive customer list and strong financial growth, despite a net loss in 2024.

Figma's initial public offering (IPO) on July 2025 saw its stock surge by 250% on the first day of trading, reaching an impressive $120 per share. However, the stock has since fallen 43% from its peak, trading around $70 per share at the time of writing. The company is set to release its Q2 financial results on September 3, 2025, with Wall Street analysts largely bullish on the stock, citing Figma's impressive customer list and strong financial growth, despite a net loss in 2024.

Figma, an online design software maker, allows for real-time collaboration in creating user interfaces (UI), a feature that has driven its growth. The company generated $821 million in revenue over the past 12 months, growing at a 46% pace. It boasts an impressive 91% gross margin, indicating strong profitability potential [1].

Despite its impressive financials, Figma faces challenges. The company's valuation is high, trading around 35 times sales, which is expensive for a software stock. Additionally, only 22% of large companies remain to sell its products to, indicating a potential growth hurdle [1].

Figma's strong AI integration, such as Figma Make and FigJam AI, has been noted as a potential tailwind for the company. However, analysts caution that aggressive investments in AI could pressure gross margins in the near term [2].

Figma's market value of $37.68 billion now far exceeds the $20 billion price tag from a now-abandoned buyout deal with Adobe. The company's strong user base, with over 13 million monthly active users and 450,000 paid customers, including 95% of Fortune 500 companies, is a testament to its product offerings and clientele [2].

Management will need to lay out their growth case over the next few conference calls to convince investors that shares are worth buying at this price tag. Figma's stock is currently being driven by short-term trading activity, not long-term investing. Investors should be patient and closely monitor Figma's business outlook for the third quarter and the full-year period.

References:
[1] https://www.fool.com/investing/2025/08/25/figma-is-tumbling-after-its-ipo-should-investors/
[2] https://www.ainvest.com/news/figma-ipo-receives-positive-ratings-wall-street-analysts-2508/