FIG YOLO - 1M Position, 25% Short Interest, May 4th 2026, Earnings Next Week

Figma is too good of a product to still have 25% of the shares short, even after the move off the bottom.

Earnings are next Thursday. I expect a beat and a reacceleration in revenue growth, driven by token sales from Figma Make.

I think the market is underestimating this. They’re emerging as a meaningful token seller, a tier below players like Anthropic and OpenAi

My Position is 50,185 shares at $16.82