Figma (FIG) Soars 10.8% as Cathie Woods' Firm Ramps up Stake

We recently published 10 Stocks Winning the Market. Figma Inc. (NYSE:FIG) was one of the best performers on Tuesday.

Figma grew its share prices by 10.83 percent on Tuesday to finish at $27.43 apiece, as investors mirrored an investment firm’s acquisition of more stake in the company.

In a recent regulatory filing, Cathie Woods’ Ark Invest, through ARK ETF and ARKW ETF, acquired 338,299 shares in Figma Inc. (NYSE:FIG) for a total of $8.7 million. At the same time, it unloaded shares in DraftKings for $10.5 million.

In other news, Figma Inc. (NYSE:FIG) widened its net loss attributable to shareholders last year by 70.8 percent to $1.25 billion from $732 million in 2024.

Revenues increased by 41 percent to $1.055 billion from $749 million.

In the fourth quarter alone, the company swung to an attributable net loss of $226 million from a $33.07 million attributable net income in the same period a year earlier, while revenues grew by 40 percent to $303.78 million from $216.9 million, exceeding its guidance.

“2025 was a massive year for Figma, and the fourth quarter was our best quarter yet. Our accelerated revenue and customer growth going into 2026 reflect design’s power and Figma’s essential place at the center of the product development stack. Whether that work begins in a terminal, a prompt box, with UI in the Figma canvas or a hand-drawn sketch, great products come from exploration, craft, and point of view. This is what Figma’s platform uniquely makes possible,” said Figma Inc. (NYSE:FIG) CEO Dylan Field.

Looking ahead, the company is expecting revenues in full-year 2026 to be in the range of $1.366 billion and $1.374 billion, or an implied growth of 30 percent at the midpoint.

In the first quarter alone, revenues are projected at $315 million to $317 million, or an implied growth of 38 percent year-on-year.

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Disclosure: None. This article is originally published at Insider Monkey.