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Stock Ratings / Technology / FIG
FROG (64) HUBS (65) PAYC (70) SAIL (65) ⌘ Pro Terminal β†’

Figma Inc. (FIG) β€” RQD Stock Rating Cockpit

$22.20 +2.54% NYSE β€’ Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $22.26

Figma Inc. (FIG) carries a Roarable Rating of D+ (Sell) with 57/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE D+ β€’ SELL / AVOID Cap $11.54B
πŸ“€ Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card
⚑ INSTANT AI QUANT PREVIEW β€’ $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on FIG Below β€” or Connect Your Own ChatGPT / Claude
πŸ€– Mara Quenwick β€’ AI Quant Lead (Click for Instant Brief) Is FIG stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
β–Ό

As of 2026-11-03, Figma Inc. (NYSE: FIG) is rated D+ (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 57/100 at a spot price of $22.20 (+2.54% 1D, market cap $11.54B). Pillar breakdown: Fundamental Cash Engine 13/20, Institutional 13F & Options Flow 6/20, SEC Balance-Sheet Forensics 16/20, FRED Macro Regime Fit 10/20, and Executive Insider Alignment 12/20. Across 715 tracked Technology issuers, FIG ranks #254 in composite RQD confidence.

βœ“ Pre-computed one-to-many AI Quant brief
πŸ€– Ellis Vennor β€’ AI Peer & Flow Quant (Click for Instant Brief) How does FIG compare to FROG and HUBS in the Technology sector?
β–Ό

Within the Technology sector (Computer Software: Prepackaged Software), FIG carries a Roarable D+ (57/100 RQD), trailing P/E of N/A, gross margin of 82.4%, and ROIC of -35.0%. By comparison, FROG (JFrog Ltd.) holds a C grade (64/100 RQD, P/E N/A, ROIC -7.2%, cap $11.64B) and HUBS (HubSpot Inc.) posts a C grade (65/100 RQD, P/E N/A, ROIC 0.3%, cap $11.71B). Among the 5-stock peer group, PAYC leads on earnings multiple (25.9x) while PAYC leads on capital efficiency (11.7% ROIC).

βœ“ Pre-computed one-to-many AI Quant brief
πŸ€– Gideon Ashmere β€’ AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for FIG?
β–Ό

Per FIG's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001579878), Figma Inc. generated $1.06B in revenue (+41.0% YoY), -$1.25B in net income, and $246.2M in free cash flow against $2.35B in total assets and $376.9M in total debt. Key quantitative strengths: Clean SEC annual filing review with no major hidden accounting time-bombs. Primary risk factors monitored: Sensitive to high interest rates and tighter Federal Reserve market liquidity. Institutional options positioning shows a 50% call / 50% put premium split.

βœ“ Pre-computed one-to-many AI Quant brief
πŸ€– AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists β€” not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).
INTERACTIVE SCENARIO DECK:
πŸ›‘οΈ Portfolio Crash X-Ray
EXT / AFTER-HRS: $22.26 (+0.27%)🧬 Cannibal Buyback (-1.24% YoY Shares)βš™οΈ Cash Engine: 13/20 (C) β€’ 23.3% FCF Margin
Verify 90D Bucket Audit β†’
πŸ“Š Historical Track Record: Scores of 57/100 (D+) historically posted market-perform odds over rolling 90-day windows (-0.2% avg 90D alpha vs SPY β€’ 52.2% hit rate β€” wait for RQD β‰₯ 70 breakout).
Audit Bucket Track Record β†’
RQD QUANT TACHOMETERSELL / AVOID β€’ D+
025507510057
Quant Analyst Panel Split (Battleground)
Cash
SEC
Whale

Impersonal quantitative research (0–100 RQD rubric) β€” not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR RQD RADARRw D+ Β· Rk C
Cash (13)Whales (6)SEC (16)Macro (10)CEO (12)
Each axis scored 0–20
12M PRICE TARGET CONE-0.5% Base Target
$53 Bull$22 Base$17 Bear
πŸ“¬ FREE FIG RATING-CHANGE & BRIEFING ALERTSManage / Unsubscribe
WHALE OPTIONS SNAPSHOT: β€” (No Active Options Snapshot on file for FIG)Realized 20D OHLCV Swing Band: Β±10.8%
Deterministic 5-Pillar Attribution (57/100 Composite)
πŸ” WHY FIG SCORES 57/100 (D+) β€” TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag
β–² #1 Bullish Driver: SEC 10-K Forensic Risk+16/20 pts (28% of score)

Altman Z-Score 6.93 (FORTRESS SAFE (>3.0)) β€’ Piotroski F-Score 7/9

β–² #2 Bullish Driver: Cash Engine Quality+13/20 pts (23% of score)

SEC XBRL FY 2025 (10-K): 23.3% FCF Margin ($246.2M FCF) & 82.4% Gross Margin

β–Ό #1 Drag / Risk Factor: Whale & Options Positioning6/20 pts (-14 pt drag)

Put hedging (50% put share) caps near-term gamma upside (-14 pts vs max)

πŸ“ˆ PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 β†’ Q2 β†’ Q3 β†’ Current
Q1 (-3Q)
49
Grade D$21.48+7% Next Q
Q2 (-2Q)
52
Grade C-$22.98+1% Next Q
Q3 (-1Q)
54
Grade C-$23.21-4.4% Next Q
Current
57
Grade D+$22.20-0.2% Hist 90D Ξ±
Trajectory: D (49) β†’ D+ (57)Full Audit β†’
βš”οΈ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)GIDEON ASHMERE // FORENSIC SHORT & KILL-SWITCH DOSSIER

βš”οΈ Adversarial Opposing Case: Why the FIG Bull Thesis Could Fail

Gideon Ashmere Forensic Desk β†’

Even with a 57/100 (D+) score, FIG faces multiple-compression risk if current valuation multiples re-rate toward historical sector medians or if hyperscaler/enterprise customer concentration slows in upcoming 10-Q filings.

⚠️ Forensic Kill-Switch #1

Sensitive to high interest rates and tighter Federal Reserve market liquidity.

⚠️ Forensic Kill-Switch #2

Dilution & Margin Drag: Cannibal Buyback (-1.24% YoY Shares) β€” any gross margin slip below 79.9% triggers an automatic RQD downgrade.

⚠️ Forensic Kill-Switch #3

Technical & Forensic Kill-Switch: A daily close below the 50D SMA ($23.05) or 200D SMA ($22.97) invalidates the momentum regime and cuts Target Base ($22.10) toward Bear Floor ($17.24).

🎲 LIVE PREDICTION MARKET ODDS TIED TO $FIGβ€’ $4.8M Crowd Pool β€’ Kalshi / Polymarket Composite
Contract: β€œFIG Beats Next Quarterly Revenue & EPS Consensus + Hyperscaler AI CapEx Holds Record Pace”
YES 57%NO 43%Trade / Inspect Odds β†’
RSI-14 MOMENTUMNEUTRAL RANGE
44.430 Oversold Β· 70 Hot
ALTMAN-Z SHIELDFORTRESS SAFE (>3.0)
6.93>3.0 Fortress Safe
PIOTROSKI F-SCOREHIGH QUALITY (7–9)
7 / 99-Pt Accounting
52-WEEK LASER RANGE17% OF RANGE
L: $17$22.20H: $50
1. Money & Cash Health● MIXED
Are profits real cash in the bank?

Decent core business (82.4% gross margin), though cash flow growth is moderate rather than explosive right now.

Factor Grade: CRQD 13 / 20
2. Big Money & Insiders● TRIMMING
Are whales & executives buying or selling?

Insiders and big institutional desks have been trimming shares rather than stepping up to buy.

Factor Grade: DRQD 18 / 40
3. Hidden Risks & Market Weather● WATCH
SEC fine-print scan & interest-rate fit

No major SEC filing blowups, though current interest rates and Fed liquidity call for normal position sizing.

Factor Grade: CRQD 26 / 40
MULTI-MODEL QUANT PANEL DELIBERATION

Quant Analyst Panel Split (Battleground) on FIG

Cash & Moat Bull AI
ROIC & Free Cash Flow Model
NEUTRAL (65)

-35.0% ROIC with 82.4% gross margin and 2.07% FCF yield.

SEC Forensic Auditor AI
10-K Accruals & Altman-Z Guard
BULLISH (80)

Altman-Z 6.93 and Piotroski 7/9 pass balance-sheet audit.

Whale & Macro Hawk AI
Options Skew, 13F & Fed NetLiq
BEARISH (47)

18/40 institutional & smart-money positioning score with 10/20 macro alignment.

Bull Case: Why Buyers Like FIG
  • βœ“Clean SEC annual filing review with no major hidden accounting time-bombs.
Bear Case: What Could Go Wrong
  • !Sensitive to high interest rates and tighter Federal Reserve market liquidity.
ON-DEMAND RQD QUANT WORKSHOP β€’ SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring FIG)

  • βœ“Walkthrough of FIG's RQD Radar, SEC cash-conversion gap & downside invalidation levels
  • βœ“3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
  • βœ“Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks
RQD INSIDER CLUB WAITLIST$49/YR PLANNED
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FIG // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +11.22%πŸ“ HORIZONTAL RANGE
2026-11-03O $22.32H $22.32L $21.65C $22.20VOL 9.66M
RES: $33.96SUP: $19.39SMA50: $23.05SMA200: $22.97
$43.40$36.19$28.98$21.77$14.56RES $33.96SUP $19.39$22.202026-05-042026-06-182026-08-052026-09-212026-11-03
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

FIG Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

πŸ¦‹ FIG Butterfly Map β†’ + Track FIG β†’
Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle
13.5%/yr Implied 5Y Growth

vs. +41.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on FIG today. View full Setup Ledger β†’

πŸ¦‹ Documented & Second-Order Butterfly Connections Open Graph β†’

No direct multi-tier Butterfly edges indexed yet for FIG. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for FIG today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk β†’
DETERMINISTIC MULTI-FACTOR EQUITY AUDIT β€’ SEC EDGAR XBRL Γ— RQD PEER BENCHMARK

πŸ“Š Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (FIG)

Technology Rank #254 of 715 βš”οΈ FROG vs FIG Full Matrix β†’

1. Head-to-Head Technology Peer Comparison (FIG vs. FROG, HUBS, PAYC, SAIL)

Industry: Computer Software: Prepackaged Software (222 Tracked Issuers)

Across 715 tracked Technology securities in the Roarable RQD universe, Figma Inc. (FIG) ranks #254 by composite RQD confidence (57/100, grade D+) and #142 by equity capitalization ($11.54B). Within this direct 5-issuer industry benchmark cohort, PAYC leads on earnings valuation at 25.9x trailing P/E, while PAYC leads on capital efficiency and profitability with 11.7% ROIC and 83.2% gross margin. PAYC currently holds the highest overall quantitative score in the immediate peer group at 70/100 (B-) compared with FIG at 57/100 (D+).

Ticker / Company Roarable Grade RQD Score Trailing P/E Gross Margin ROIC 1D Change Market Cap Head-to-Head
FIG ACTIVE
Figma Inc.
D+ 57/100 β€” 82.4% -35.0% +2.54% $11.54B Benchmark Subject
FROG
JFrog Ltd.
C 64/100 β€” 76.8% -7.2% -9.83% $11.64B /frog-vs-fig β†’
HUBS
HubSpot Inc.
C 65/100 β€” 83.8% 0.3% -0.59% $11.71B /hubs-vs-fig β†’
PAYC
Paycom Software Inc.
B- 70/100 25.9x 83.2% 11.7% +0.70% $11.91B /payc-vs-fig β†’
SAIL
SailPoint Inc.
C 65/100 β€” 64.5% -3.6% -8.88% $12.02B /sail-vs-fig β†’

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K β€’ FILED 2025-12-31 β€’ CIK 0001579878 β†—

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Figma Inc. (FIG) reported GAAP revenue of $1.06B (+41.0% vs. FY2024 revenue of $749.0M , and +109.1% cumulative change since FY2023) , GAAP net income of -$1.25B, operating cash flow of $250.7M, and free cash flow of $246.2M (+486.6% YoY). On the balance sheet, FIG closed FY2025 with $2.35B in total assets against $376.9M in total debt (Altman Z-Score: 6.93, Piotroski F-Score: 7/9).

Fiscal Period Filing Date Revenue Net Income Operating Cash Flow Free Cash Flow Total Assets Total Debt
FY2025 (FY) 2025-12-31 $1.06B -$1.25B $250.7M $246.2M $2.35B $376.9M
FY2024 (FY) 2024-12-31 $749.0M -$732.1M -$61.7M -$63.7M $1.79B $211.1M
FY2023 (FY) 2023-12-31 $504.9M $737.8M $1.05B $1.02B $6.54B $1.53B

3. FIG Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

βœ“ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is FIG stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-03, Figma Inc. (NYSE: FIG) is rated D+ (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 57/100 at a spot price of $22.20 (+2.54% 1D, market cap $11.54B). Pillar breakdown: Fundamental Cash Engine 13/20, Institutional 13F & Options Flow 6/20, SEC Balance-Sheet Forensics 16/20, FRED Macro Regime Fit 10/20, and Executive Insider Alignment 12/20. Across 715 tracked Technology issuers, FIG ranks #254 in composite RQD confidence.

How does FIG compare to FROG and HUBS in the Technology sector?

Within the Technology sector (Computer Software: Prepackaged Software), FIG carries a Roarable D+ (57/100 RQD), trailing P/E of N/A, gross margin of 82.4%, and ROIC of -35.0%. By comparison, FROG (JFrog Ltd.) holds a C grade (64/100 RQD, P/E N/A, ROIC -7.2%, cap $11.64B) and HUBS (HubSpot Inc.) posts a C grade (65/100 RQD, P/E N/A, ROIC 0.3%, cap $11.71B). Among the 5-stock peer group, PAYC leads on earnings multiple (25.9x) while PAYC leads on capital efficiency (11.7% ROIC).

What are the biggest fundamental strengths and SEC risk factors for FIG?

Per FIG's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001579878), Figma Inc. generated $1.06B in revenue (+41.0% YoY), -$1.25B in net income, and $246.2M in free cash flow against $2.35B in total assets and $376.9M in total debt. Key quantitative strengths: Clean SEC annual filing review with no major hidden accounting time-bombs. Primary risk factors monitored: Sensitive to high interest rates and tighter Federal Reserve market liquidity. Institutional options positioning shows a 50% call / 50% put premium split.

Where is FIG trading relative to its 50-day, 200-day, and 52-week technical levels?

FIG last traded at $22.20 (+2.54% on volume of 12,130,181 shares), positioning the stock -3.69% below its 50-day simple moving average ($23.05) and -3.35% below its 200-day simple moving average ($22.97). Across its 52-week range of $16.60 to $50.04, FIG sits at the 16.7% percentile with a 14-day RSI of 44.4 (NEUTRAL RANGE) and an implied next-earnings move of Β±10.8% ($19.80 to $24.60).

Direct Sub-Reports: FIG RQD Cockpit FIG 12M Forecast FIG Earnings & Move FIG Dividends & DRIP FIG Insiders & 13F FIG Whale Options FIG Profit Sankey FIG News & Why
ROARABLE RATING BRIEF β€’ RQD 57/100 (D+) βœ“ SEC XBRL & RQD VERIFIED

FIG β€” Figma Inc.: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit
Updated: 2025-12-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

Figma Inc. (FIG) earns a live Roarable RQD composite score of 57/100, corresponding to a D+ letter grade (Roarable Sell) at a spot price of $22.20 (+2.54% 1D, market capitalization $11.54B).

  • Fundamental Cash Engine (13/20): Anchored by return on invested capital (ROIC) of -35.0%, gross margin of 82.4%, operating margin of -60.0%, and free cash flow yield of 2.07%.
  • Whale 13F & Options Flow (6/20) + Insider Conviction (12/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
  • Macro Regime Fit (10/20) + Forensic Balance Sheet (16/20): Incorporates a 1.32x equity beta, Altman Z-Score of 6.93, Piotroski F-Score of 7/9, and Debt/Equity of 0.23x.

2. Business Model, Unit Margins & SEC Financial Trajectory

Figma Inc. Is a NYSE-listed issuer classified under the Technology sector and the Computer Software: Prepackaged Software industry. Gross margin is 82.4%, per the market data, which indicates a high-margin revenue profile.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), Figma Inc. (FIG) reported $1.06B in annual revenue (up from $749.0M in FY2024, +41.0% YoY) and -$1.25B in GAAP net income. Over the multi-year SEC filing window from FY2023 ($504.9M revenue, $737.8M net income) through FY2025, FIG scaled operating cash flow to $250.7M and free cash flow to $246.2M, backed by $2.35B in total assets against $376.9M in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

  • πŸ‚ Primary Bull Case (D+ β€’ RQD 57/100): Clean SEC annual filing review with no major hidden accounting time-bombs. Free cash flow yield of 2.07% and institutional whale pillar of 6/20. With Fundamental Cash Engine at 13/20 and Institutional Whale Flow at 6/20, sustained execution supports upside toward the upper end of the $16.60 – $50.04 52-week range.
  • 🐻 Primary Bear Case & Valuation Risk: Sensitive to high interest rates and tighter Federal Reserve market liquidity. Investors must weigh current valuation against -60.0% operating margins and a 1.32x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

Upstream and downstream dependencies cannot be mapped from the source data. Sector classification (Technology; Prepackaged Software) is the only available context for correlation analysis, and the source does not quantify sector correlations or identify 2nd-order bottlenecks. An investor should treat ripple effects as unresolved.

  • Key Question #1: Can FIG sustain or expand its -60.0% operating margin and -35.0% ROIC against Computer Software: Prepackaged Software peers over the next 4 quarters?
  • Key Question #2: Following FY2025 revenue of $1.06B and free cash flow of $246.2M, how will capital allocation balance growth reinvestment against $376.9M in total debt?
  • Key Question #3: How sensitive is FIG's 20.0x forward P/E multiple to Technology capital spending cycles and macro interest-rate shifts (Beta 1.32x)?

FIG Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Figma Inc. (FIG) β€’ Click "Debate This Headline" to argue it in the Roar Pit below

πŸ’¬ Jump to FIG Debate Forum (3) ↓
πŸ”₯ THE ROAR PIT β€’ LIVE COMMUNITY DEBATE 3 Active Posts & Replies

FIG Bull vs. Bear Conversation Board β€” What's Your Call at $22.20?

πŸ‚ 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON FIG 🐻 33% BEARISH CONVICTION
1. Pick Your Side on FIG:
πŸ’‘ Tip: Back up your call with a price target or RQD metric to get upvoted to the top.
QU QuantViper RQD DEBATE OPENER β€’ Systematic Momentum Desk πŸ‚ BULLISH 🎯 Target: $25.11 (+16.0%)
πŸ“Œ Pinned Debate

Balance sheet strength (Altman Z 6.93, Piotroski F 7/9, Debt/Equity 0.23) plus revenue growth from $504.9M to $1.06B over two years g

Picked up a starter position in FIG in my $100K Virtual Cash book at $21.65. Balance sheet strength (Altman Z 6.93, Piotroski F 7/9, Debt/Equity 0.23) plus revenue growth from $504.9M to $1.06B over two years gives a durable base for a turnaround.. Trading inside a $16.60–$48.69 52-week range with 2.07% FCF yield gives solid downside support if Computer Software: Prepackaged Software multiples expand this quarter.

VolSurface_Trader πŸ‚ BULL

Both sides have a point here β€” FIG's 16/20 balance sheet score keeps downside contained, so the real swing factor next earnings call is backlog and FCF conversion.

RI RiskArb_Desk RQD DEBATE OPENER β€’ Hedged Event Driven 🐻 BEARISH 🎯 Target: $17.75 (-18.0%)
Spot @ $21.65

Negative operating margin of -60%, ROIC of -35%, and trailing EPS of -2.35 with a 1.32 beta leave the stock exposed to continued losses

Negative operating margin of -60%, ROIC of -35%, and trailing EPS of -2.35 with a 1.32 beta leave the stock exposed to continued losses and volatility.. Look at the math on FIG: paying 20.0x forward P/E for -35.0% ROIC and -60.0% operating margins leaves zero margin of safety if Computer Software: Prepackaged Software demand softens. I'd wait for a retest of $19.05 before getting long.

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