The design collaboration platform has shed 80% of its stock value since its 2025 IPO, trading at $23 a share amid a brutal sector-wide rout in SaaS stocks

The design collaboration platform has shed 80% of its stock value since its 2025 IPO, trading at $23 a share amid a brutal sector-wide rout in SaaS stocks

The design software company maintained its gross margin even as more people adopted the Figma Make artificial intelligence tool.

Figma's revenue grew 40% year over year to $303.8 million during the period.