Overview
- Figma shares fell more than 17% after fiscal Q3 2025 earnings and have dropped about 70% from their post-IPO highs, leaving the company valued near $15 billion versus Adobe’s abandoned $20 billion offer.
- The quarter’s GAAP net loss per share was $2.72, which the company attributed to a one-time stock-based compensation charge of $975.7 million.
- Wall Street’s 12-month median price target stands at $69, and Wells Fargo’s Michael Turrin reiterated a Hold rating with a $52 target on Nov. 19.
- Customer metrics remain robust, with 12,910 paying customers above $10,000 in ARR and 1,262 above $100,000, underscoring continued enterprise adoption.
- On Nov. 6, Figma announced a ServiceNow collaboration to convert Figma designs into fully working enterprise applications through the ServiceNow Build Agent.