Last 4 quarters of trend data · Technology · Software - Application
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 |
|---|---|---|---|---|---|
| P/E Ratio → | -7.92 | — | — | — | — |
| — | — | — | — | — | |
| P/S Ratio | 2.25 | 15.72 | 23.30 | — | — |
| — | — | — | — | — | |
| P/B Ratio | 6.56 | 12.64 | 18.40 | — | — |
| — | — | — | — | — | |
| P/FCF | 9.66 | 121.94 | 130.25 | — | — |
| — | — | — | — | — | |
| EV / EBITDA | — | — | — | — | — |
| — | — | — | — | — | |
| EV / EBIT | — | — | — | — | — |
| — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Figma, Inc.'s operating margin was -64.4% in Q4 2025, up 350.3 pp QoQ. The trailing four-quarter average of -115.2% lags the current quarter, suggesting the recent improvement is above-trend.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 |
|---|---|---|---|---|---|
| Gross Margin | 82.4% | 82.1% | 69.4% | 88.8% | 91.5% |
| — | — | — | — | — | |
| Operating Margin | -122.2% | -64.4% | -414.6% | 0.8% | 17.4% |
| — | — | — | — | — | |
| Net Margin | -118.4% | -74.6% | -400.1% | 0.3% | 3.8% |
| — | — | — | — | — |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 |
|---|---|---|---|---|---|
| ROE | -88.2% | -15.6% | -77.9% | 0.1% | 0.6% |
| — | — | — | — | — | |
| ROA | -142.3% | -10.2% | -53.4% | 0.0% | 0.4% |
| — | — | — | — | — | |
| ROIC | -95.3% | -12.3% | -81.8% | 0.2% | 3.6% |
| — | — | — | — | — |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Debt/Equity has declined for 4 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 |
|---|---|---|---|---|---|
| Debt / Equity | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 |
| — | — | — | — | — | |
| Debt / EBITDA | — | — | — | 11.38 | 1.62 |
| — | — | — | — | — | |
| Current Ratio | 2.58 | 2.58 | 2.93 | 3.31 | 3.54 |
| — | — | — | — | — | |
| Quick Ratio | 2.58 | 2.58 | 2.93 | 3.31 | 3.54 |
| — | — | — | — | — | |
| Interest Coverage | — | — | — | — | — |
| — | — | — | — | — |
Includes 30+ ratios · 4 years · Updated daily
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Start ComparisonFigma, Inc.'s current P/E is -7.9x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Figma, Inc.'s current operating margin is -122.2%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Figma, Inc.'s business trajectory between earnings reports.