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![FrameworkWisely Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1349804087823527938.png) Framework Investment [@FrameworkWisely](/creator/twitter/FrameworkWisely) on x 4107 followers
Created: 2025-07-22 16:52:09 UTC

**Figma $FIG IPO**

Figma's IPO targets a $XX billion valuation on July 31st (Next Thursday).

Per the IPO filing, Figma earned $XXX million in Q1 2025 revenue with a $XX million net income.
👉Gross margin: XX%

My valuation suggests $FIG is even cheaper than $ADBE.

Assumptions for valuation:
👉 Projected 2025 revenue: $228M × X = $912M
👉 FCF margin when fully optimized: XX% (Same as $ADBE, note that $FIG has a higher gross margin than $ADBE)
👉 Annual growth for next X years: XX%
👉 P/FCF multiple: XX

I will buy a lot.

@AbdrazakAlmas @GabGrowth @BTDenominator @nrossolillo @Brian_Stoffel_ 



![](https://pbs.twimg.com/media/GwecwJ3XEAAcqCM.jpg)

XXXXX engagements

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**Related Topics**
[$912m](/topic/$912m)
[$228m](/topic/$228m)
[$adbe](/topic/$adbe)
[ipo](/topic/ipo)
[$fig](/topic/$fig)
[investment](/topic/investment)
[adobe inc](/topic/adobe-inc)
[stocks technology](/topic/stocks-technology)

[Post Link](https://x.com/FrameworkWisely/status/1947701210221301915)