PerpEquities

Equity · Technology

Figma, Inc. (FIG) perpetual futures

FIG perpetual futures on 2 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade FIGUSDT.

Figma, Inc. develops a collaborative browser-based platform for designing, prototyping, and building digital experiences, with tools like Figma Design, FigJam, and Dev Mode.

$21.56+2.4%NYSE open
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TradingView symbol NYSE:FIG

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Trading data

Perpetual market activity

2/2 live markets
Venues
2
Live markets
2/2
24h volume
$329.9K
Open interest
$280.7KCoverage: 1/2 markets
Best liquidity
$194.6K
BingX
Tightest spread
+4.6 bps
BingX
Highest volume
$239.9K
BingX
Settlement mix
USDT · 2/2
Perp/spot vol.
0.00x
Spot volume $170.4M
OI / float
+0.02%
Float $1.5B
Spot performance
1D-0.97%
5D+2.79%
1M-11.44%
6M-0.28%
YTD-42.84%
1Y-62.50%

Venue matrix

2 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
BingXTradeFIG-USDTTrading$21.56+21.9% APR
+0.020% every 8h
+4.6 bps$194.6K$239.9K-USDT-
MEXCTradeFIG/USDTTrading$21.58+21.9% APR
+0.020% every 8h
+51.0 bps$7.6K$90K$280.7KUSDT20x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

Thin liquidity · 2 of 2 venues absorb $10k · Typical cost: +38.0 bps – +89.1 bps

Cheapest execution: BingX · +12.5 bps

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

FIG

Tightest spread

FIG

Highest volume

FIG

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 3m ago
Market cap
$10.5B
Updated 3m ago
Revenue
$1.3B
Trailing 12 months
Revenue growth
+39%
Next fiscal year
Profit margin
-123.1%
P/E
-6.8
Peer P/E 1.6
Free cash flow
$231M
Trailing 12 months
More metrics
Net income
-$1.6B
Trailing 12 months
P/S
8.2
Peer P/E
1.6
Similar listed perps
Revenue estimate
$1.5B
Next fiscal year
Earnings
2026-11-04
Revenue est. $375.8M · Updated 3m ago
Dividend
-

Fundamental detail

Annual + quarterly
Latest revenue$1.1B
Net margin-118.4%
Free cash flow$246.2M
Net debt-$289.1M
2023$504.9M
2024$749M
2025$1.1B
PeriodRevenueGrowthNet incomeFCF
2023$504.9M-$285.9M$1B
2024$749M+48%-$732.1M-$69.1M
2025$1.1B+41%-$1.3B$246.2M
PeriodGross marginOperating marginNet marginROEROA
2023+91.2%-14.5%+56.6%+27.4%+17.8%
2024+88.3%-117.1%-97.7%-55.3%-40.8%
2025+82.4%-122.2%-118.4%-82.8%-53.3%
PeriodCashDebtNet debtCurrent ratio
2023$1.3B$14.6M-$1.3B2.82
2024$487M$28.8M-$458.2M3.66
2025$403.5M$114.3M-$289.1M2.58
PeriodMarket capEnterprise valueP/SP/E
2023$56.3B$55B111.5195.8
2024$51.8B$51.3B69.1-37.1
2025$19.1B$18.8B18.1-15.3
Q3 2024$198.6M
Q4 2024$216.9M
Q1 2025$228.2M
Q2 2025$249.6M
Q3 2025$274.2M
Q4 2025$303.8M
Q1 2026$333.4M
Q2 2026$370.1M
PeriodRevenueGrowthNet incomeFCF
Q3 2024$198.6M+50%-$15.6M$59.7M
Q4 2024$216.9M+50%$97.8M$70.8M
Q1 2025$228.2M+46%$8.6M$94.6M
Q2 2025$249.6M+41%$846K$60.6M
Q3 2025$274.2M+38%-$1.1B$49M
Q4 2025$303.8M+40%-$226.6M$39.2M
Q1 2026$333.4M+46%-$142.4M$88.6M
Q2 2026$370.1M+48%-$112.2M$54.2M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+90.6%-23.8%-7.9%0.0%0.0%
Q4 2024+92.4%+23.8%+45.1%+7.4%+5.5%
Q1 2025+91.5%+17.4%+3.8%+0.6%+0.4%
Q2 2025+88.8%+0.8%+0.3%+0.1%0.0%
Q3 2025+69.4%-414.6%-400.1%-79.0%-52.9%
Q4 2025+82.1%-64.4%-74.6%-15.0%-9.6%
Q1 2026+79.4%-41.2%-42.7%-9.8%-6.2%
Q2 2026+83.7%-31.7%-30.3%-7.6%-4.8%
PeriodCashDebtNet debtCurrent ratio
Q3 2024---0.00
Q4 2024$400.8M$28.8M-$372M3.62
Q1 2025$618.6M$66.8M-$551.8M3.54
Q2 2025$621.6M$64.7M-$556.9M3.31
Q3 2025$236.7M$61.2M-$175.5M2.93
Q4 2025$403.5M$114.3M-$289.1M2.58
Q1 2026$405.7M$56.2M-$349.5M2.50
Q2 2026$445.8M$67.8M-$378.1M2.45
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$56.3B$0283.4-902.3
Q4 2024$56.3B$55.9B259.5144.4
Q1 2025$54.8B$54.3B240.3-14.1
Q2 2025$56.3B$55.7B225.516,985.3
Q3 2025$25.6B$25.4B93.2-5.8
Q4 2025$19.1B$18.8B62.9-21.2
Q1 2026$11.1B$10.7B33.2-19.6
Q2 2026$9.5B$9.2B25.8-21.5

Refreshed 3m ago

Charts: revenue, profit, cash flow & valuation
Revenue$370.1MQ2 2026
$92.5M$185M$277.6M$370.1MQ3 2023: $132.2MQ4 2023: $144.4MQ1 2024: $156.2MQ2 2024: $177.2MQ3 2024: $198.6MQ4 2024: $216.9MQ1 2025: $228.2MQ2 2025: $249.6MQ3 2025: $274.2MQ4 2025: $303.8MQ1 2026: $333.4MQ2 2026: $370.1MQ3 2023Q2 2026
Net income-$112.2MQ2 2026
-$631.6M-$166.2M$299.3M$764.7MQ3 2023: $1.3MQ4 2023: $764.7MQ1 2024: $13.5MQ2 2024: -$827.9MQ3 2024: -$15.6MQ4 2024: $97.8MQ1 2025: $8.6MQ2 2025: $846KQ3 2025: -$1.1BQ4 2025: -$226.6MQ1 2026: -$142.4MQ2 2026: -$112.2MQ3 2023Q2 2026
EBITDA-$105.4MQ2 2026
-$585.4M-$67.8M$449.9M$967.5MQ3 2023: $3.6MQ4 2023: $967.5MQ1 2024: $31.8MQ2 2024: -$882.1MQ3 2024: -$29.4MQ4 2024: $90.8MQ1 2025: $48.5MQ2 2025: $42.7MQ3 2025: -$1.1BQ4 2025: -$198.2MQ1 2026: -$135.6MQ2 2026: -$105.4MQ3 2023Q2 2026
Free cash flow$54.2MQ2 2026
-$111.3M-$42.7M$26M$94.6MQ1 2024: -$19.7MQ2 2024: -$179.9MQ3 2024: $59.7MQ4 2024: $70.8MQ1 2025: $94.6MQ2 2025: $60.6MQ3 2025: $49MQ4 2025: $39.2MQ1 2026: $88.6MQ2 2026: $54.2MQ3 2023Q2 2026
EPS-$0.21Q2 2026
-$1.28-$0.33$0.62$1.57Q3 2023: $0Q4 2023: $1.57Q1 2024: $0.03Q2 2024: -$1.74Q3 2024: -$0.03Q4 2024: $0.2Q1 2025: -$2.05Q2 2025: $0Q3 2025: -$2.23Q4 2025: -$0.44Q1 2026: -$0.27Q2 2026: -$0.21Q3 2023Q2 2026
Cash / Debt$445.8MQ2 2026
$299.4M$598.9M$898.3M$1.2BQ4 2023 · Cash: $1.2BQ4 2023 · Debt: $14.6MQ4 2024 · Cash: $400.8MQ4 2024 · Debt: $28.8MQ1 2025 · Cash: $618.6MQ1 2025 · Debt: $66.8MQ2 2025 · Cash: $621.6MQ2 2025 · Debt: $64.7MQ3 2025 · Cash: $236.7MQ3 2025 · Debt: $61.2MQ4 2025 · Cash: $403.5MQ4 2025 · Debt: $114.3MQ1 2026 · Cash: $405.7MQ1 2026 · Debt: $56.2MQ2 2026 · Cash: $445.8MQ2 2026 · Debt: $67.8MQ3 2023Q2 2026
CashDebt
Profitability+83.7%Q2 2026
-246.2%+12.4%+270.9%+529.4%Q3 2023 · Gross margin: +91.0%Q4 2023 · Gross margin: +90.8%Q1 2024 · Gross margin: +91.8%Q2 2024 · Gross margin: +77.7%Q3 2024 · Gross margin: +90.6%Q4 2024 · Gross margin: +92.4%Q1 2025 · Gross margin: +91.5%Q2 2025 · Gross margin: +88.8%Q3 2025 · Gross margin: +69.4%Q4 2025 · Gross margin: +82.1%Q1 2026 · Gross margin: +79.4%Q2 2026 · Gross margin: +83.7%Q3 2023 · Operating margin: -0.4%Q4 2023 · Operating margin: -27.4%Q1 2024 · Operating margin: +8.0%Q2 2024 · Operating margin: -504.7%Q3 2024 · Operating margin: -23.8%Q4 2024 · Operating margin: +23.8%Q1 2025 · Operating margin: +17.4%Q2 2025 · Operating margin: +0.8%Q3 2025 · Operating margin: -414.6%Q4 2025 · Operating margin: -64.4%Q1 2026 · Operating margin: -41.2%Q2 2026 · Operating margin: -31.7%Q3 2023 · Net margin: +0.9%Q4 2023 · Net margin: +529.4%Q1 2024 · Net margin: +8.7%Q2 2024 · Net margin: -467.2%Q3 2024 · Net margin: -7.9%Q4 2024 · Net margin: +45.1%Q1 2025 · Net margin: +3.8%Q2 2025 · Net margin: +0.3%Q3 2025 · Net margin: -400.1%Q4 2025 · Net margin: -74.6%Q1 2026 · Net margin: -42.7%Q2 2026 · Net margin: -30.3%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+48.2%Q2 2026
+12.6%+25.1%+37.7%+50.2%Q3 2024: +50.2%Q4 2024: +50.2%Q1 2025: +46.1%Q2 2025: +40.9%Q3 2025: +38.0%Q4 2025: +40.0%Q1 2026: +46.1%Q2 2026: +48.2%Q3 2023Q2 2026
Shares outstanding527.5MQ2 2026
131.9M263.7M395.6M527.5MQ3 2023: 487.5MQ4 2023: 487.5MQ1 2024: 487.5MQ2 2024: 474.8MQ3 2024: 487.5MQ4 2024: 487.5MQ1 2025: 474.8MQ2 2025: 487.5MQ3 2025: 492.7MQ4 2025: 511MQ1 2026: 523.5MQ2 2026: 527.5MQ3 2023Q2 2026
Valuation-21.5Q2 2026
3,569.68,041.512,513.416,985.3Q3 2023 · P/E: 11,105.8Q4 2023 · P/E: 18.4Q1 2024 · P/E: 1,031.3Q2 2024 · P/E: -16.6Q3 2024 · P/E: -902.3Q4 2024 · P/E: 144.4Q1 2025 · P/E: -14.1Q2 2025 · P/E: 16,985.3Q3 2025 · P/E: -5.8Q4 2025 · P/E: -21.2Q1 2026 · P/E: -19.6Q2 2026 · P/E: -21.5Q3 2023 · P/S: 425.8Q4 2023 · P/S: 389.8Q1 2024 · P/S: 360.4Q2 2024 · P/S: 309.5Q3 2024 · P/S: 283.4Q4 2024 · P/S: 259.5Q1 2025 · P/S: 240.3Q2 2025 · P/S: 225.5Q3 2025 · P/S: 93.2Q4 2025 · P/S: 62.9Q1 2026 · P/S: 33.2Q2 2026 · P/S: 25.8Q3 2023Q2 2026
P/EP/S
Revenue$1.1B2025
$263.9M$527.9M$791.8M$1.1B2023: $504.9M2024: $749M2025: $1.1B20232025
Net income-$1.3B2025
-$866.4M-$482.3M-$98.2M$285.9M2023: $285.9M2024: -$732.1M2025: -$1.3B20232025
EBITDA-$1.2B2025
-$668.9M-$127.8M$413.3M$954.4M2023: $954.4M2024: -$785.4M2025: -$1.2B20232025
Free cash flow$246.2M2025
$208.4M$485.9M$763.4M$1B2023: $1B2024: -$69.1M2025: $246.2M20232025
EPS-$2.452025
-$2.19-$1.26-$0.33$0.592023: $0.592024: -$3.112025: -$2.4520232025
Cash / Debt$403.5M2025
$317.5M$635.1M$952.6M$1.3B2023 · Cash: $1.3B2023 · Debt: $14.6M2024 · Cash: $487M2024 · Debt: $28.8M2025 · Cash: $403.5M2025 · Debt: $114.3M20232025
CashDebt
Profitability+82.4%2025
-68.9%-15.5%+37.8%+91.2%2023 · Gross margin: +91.2%2024 · Gross margin: +88.3%2025 · Gross margin: +82.4%2023 · Operating margin: -14.5%2024 · Operating margin: -117.1%2025 · Operating margin: -122.2%2023 · Net margin: +56.6%2024 · Net margin: -97.7%2025 · Net margin: -118.4%20232025
Gross marginOperating marginNet margin
Revenue growth+41.0%2025
+12.1%+24.2%+36.3%+48.4%2024: +48.4%2025: +41.0%20232025
Shares outstanding511M2025
127.8M255.5M383.3M511M2023: 487.5M2024: 448.2M2025: 511M20232025
Valuation-15.32025
21.179.3137.5195.82023 · P/E: 195.82024 · P/E: -37.12025 · P/E: -15.32023 · P/S: 111.52024 · P/S: 69.12025 · P/S: 18.120232025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-11-04
Revenue est. $375.8M · Updated 3m ago

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20260.29$1.5B+39%9
FY 20270.36$1.8B+72%8
FY 20280.47$2.3B+114%2
FY 20290.56$2.7B+157%1
FY 20300.43$3.2B+199%1
Q1 20280.13$470.7M+41%5

Company events

6
2026-11-04EarningsActual - / Estimate 0.05-
2026-08-05EarningsActual 0.08 / Estimate 0.04Beat
2026-05-14EarningsActual 0.1 / Estimate 0.06Beat
2026-02-18EarningsActual 0.08 / Estimate 0.07Beat
2025-11-05EarningsActual 0.1 / Estimate 0.05Beat
2025-07-28EarningsActual 0.18 / Estimate 0.08Beat

Peer comparison

Similar listed perps

FMP company data

Company intelligence

Updated: Sep 18, 2026, 05:36 AM UTC

Company profile

Sector
Technology
Industry
Software - Application
Chief executive
Dylan Field
Employees
1,886
IPO date
Jul 31, 2025
Country
US
Exchange
New York Stock Exchange
Website
Altman Z-scorei5.66
Piotroski scorei3/9
FMP ratingiC+
Owner earningsi$59.30M$0.11 per share
ESG risk ratingiBIndustry rank: 219 out of 321

Rating factors

Return on equityi
1
Return on assetsi
1
Debt to equityi
4
Price to earningsi
1
Price to booki
2
Market cap history
$12.08B+23.7%Jun 26 – Sep 26
$9.76B$12.13B$14.50BHigh: $14.50B · 2026-08-31Low: $9.76B · 2026-06-17Latest: $12.08B · 2026-09-17Jun 26Jul 26Aug 26Sep 26
Latest: $12.08B · 2026-09-17High: $14.50B · 2026-08-31Low: $9.76B · 2026-06-17
Largest fund holders
FundWeightShares held
VTI0.01%8.5M
VB0.09%6.2M
VBR0.16%3.9M
FSCSX1.05%3.2M
VWUAX0.09%2.4M
FBGKX0.03%1.2M
COMG.L1.09%1M
IWR0.04%876.1K
FSMDX0.04%851.7K
ARKW1.05%797.9K
SKYY0.49%706.8K
FCNKX0.01%669K

Analyst track record

How the analysts covering FIG have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings6987
Analysts1719
Buy / hold / sell27 / 42 / 030 / 57 / 0
Upgrades / downgrades / initiations1 / 0 / 61 / 0 / 14
Price targets hit / missed0 / 55 (0%)0 / 70 (0%)
Avg. return after a rating (TipRanks)-40.7%-46.7%
Best / worst call-2.0% / -69.2%-2.0% / -74.6%

After buy calls on this stock: median 21-day move -2.3% vs S&P 500 -1.4% (n = 31)

Latest ratings

DateAnalystCallTarget
Sep 28, 2026Nick AltmannBTIGHoldMaintained–
Sep 28, 2026Nick AltmannBTIGHoldMaintained–
Sep 14, 2026Jackson AderKeyBancHoldInitiated–
Sep 14, 2026Jackson AderKeyBancHoldInitiated–
Aug 19, 2026Tal LianiBank of America SecuritiesBuyReiterated$33.00
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$20.00$30.00$40.00$50.00$60.00Nov 25 · Buy 3 · Hold 7 · Sell 0Nov 25Dec 25 · Buy 3 · Hold 7 · Sell 0Jan 26 · Buy 4 · Hold 8 · Sell 0Jan 26Feb 26 · Buy 4 · Hold 7 · Sell 0Mar 26 · Buy 4 · Hold 8 · Sell 0Mar 26Apr 26 · Buy 4 · Hold 9 · Sell 0May 26 · Buy 3 · Hold 8 · Sell 0May 26Jun 26 · Buy 4 · Hold 9 · Sell 0Jul 26 · Buy 5 · Hold 9 · Sell 0Jul 26Aug 26 · Buy 5 · Hold 8 · Sell 0Sep 26 · Buy 5 · Hold 8 · Sell 0Sep 26Oct 26 · Buy 5 · Hold 8 · Sell 0Nov 25 · avg. target $63.88Dec 25 · avg. target $63.88Jan 26 · avg. target $54.70Feb 26 · avg. target $44.60Mar 26 · avg. target $44.60Apr 26 · avg. target $44.60May 26 · avg. target $36.88Jun 26 · avg. target $35.44Jul 26 · avg. target $32.40Aug 26 · avg. target $30.60Sep 26 · avg. target $30.60Oct 26 · avg. target $30.60Nov 25 · month-end close $35.97Dec 25 · month-end close $37.37Jan 26 · month-end close $25.92Feb 26 · month-end close $29.39Mar 26 · month-end close $21.14Apr 26 · month-end close $17.70May 26 · month-end close $25.50Jun 26 · month-end close $18.09Jul 26 · month-end close $24.32Aug 26 · month-end close $27.49Sep 26 · month-end close $21.02Oct 26 · month-end close $21.36

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Oct 2, 2026 · 69 ratings

Frequently asked questions

Where can I trade FIG perpetual futures?

Figma, Inc. (FIG) perpetual futures trade on 2 crypto venues, including BingX, MEXC. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade FIG around the clock?

Yes. Unlike the underlying stock, FIG perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on FIG perpetuals?

Right now the FIG perp funding rate is +21.9% annualized (venue median), ranging from +21.9% to +21.9% across 2 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the FIG perp price compare to the Figma, Inc. stock?

The venue-median FIG perp mark is $21.6 versus a reference stock price of $21.6, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a FIG perpetual future?

A FIG perpetual is a derivative that tracks the price of Figma, Inc. with no expiry date. It lets you take long or short exposure to Figma, Inc. on crypto venues, around the clock.

What is FIGUSDT perpetual?

FIGUSDT is the symbol most crypto exchanges use for the Figma, Inc. perpetual settled in USDT (Tether). It tracks the FIG share price through an index, trades 24/7 with leverage and never expires.

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