ATLAS
PRIV-FIG

Figma

PrivateWatchlist Only
Enterprise AI applications·US·San Francisco, CA

Business overview

AI productivity upside

Collaborative design platform; AI features (FigJam AI, Make Designs) reframing the product.

Strong design-team distribution; rumored IPO. AI features are catch-up, but seat scale is real.

Products
Customers (2)
  • Designers
  • Engineering teams
Competitors (3)

Composite score

Higher = stronger overall research case

58
Fundamental62
Technical50
Valuation60
AI relevance55
Risk-adjusted (higher = safer)57
Segment-relative fundamental percentile: 14

Financial summary

Curated, illustrative

Revenue
$800.00M
Growth (YoY)
40.0%
Gross margin
85.0%
Operating margin
5.0%
FCF
$80.00M
Capex
$16.00M
Net cash / (debt)
$0.00
ROIC
-5.0%
Customer conc.
Medium

Valuation

Market cap
$15.00B
Enterprise value
$15.00B
P/E (TTM)
Forward P/E
EV / Sales
EV / EBITDA
P / FCF
PEG
Rule of 40

Risks

Severity 1 (low) to 5 (severe)

  • 3
    Adobe / native AI competition

Score components

What drove the composite

Growth94
Profitability35
Cash generation47
Balance sheet78
Moat / AI relevance62
Capital intensity (higher = lighter)80
Customer diversification60
Valuation discipline (dilution)42
Trend (MA50/MA200)50
Momentum (3/6/12m)50
Relative strength50
Realized vol (higher = lower vol)50