Figma has 1.5B cash trading at a 10B market cap.
They are doing over 1B in revenue. And have around 40% YOY revenue growth
105% customer retention (which means they keep all their customers and add every quarter)
CEO has an incentive plan like Elon where he only makes big $$ if the Figma stock price hits certain hurdles. (Like $60,$80, etc)
Google bought shares of Figma around $65 a few months ago.
Figma also has a AI product called Figma Make. U can try it for free just type Figma Make on google and you are able to just type and create a full website/app. It’s insane and the most impressive AI I’ve probably ever used.
The collaborative design market is expected to grow massively over the next 10 years. Around 30% a year on average.
Figma has ridiculously high margins that we’ve seen come down from 90s to 80s because they spend so much on AI R&D. But, I’m okay with this. I want them to continue being absolutely cutting edge
Collaborative design is the best way to optimize workflow. The ceo can follow the UI/UX designer while the engineer follows and work together in live time which speed up workflow.
I think around 90% of the s&p 500 uses Figma. Companies like Google, Netflix, Uber etc all use Figma.
Figma is the buy of the century.
Holding 29,144 shares at $21.10
This is not financial advise. Just my opinion
