A Motley Fool writer favors Palantir over Figma for 2026, citing 56.2% FY2025 revenue growth and $1.6 billion net income. Palantir’s forward P/E is 119.1 times and price-to-sales ratio 70.8 times, versus Figma’s 73.1 and 8.0.
Figma’s FY2025 revenue reached nearly $1.1 billion, up about 41%, but it posted a roughly $1.3 billion net loss. Its $246.2 million in free cash flow was heavily inflated by stock-based compensation, which equaled 544.2% of operating cash flow. Palantir generated $2.1 billion in free cash flow, with stock-based compensation at 32% of operating cash flow.
The writer says Palantir’s Q2 revenue nearly doubled year over year and that it substantially raised its full-year outlook; Figma’s latest quarter also showed reaccelerating revenue and a raised outlook, but consistent GAAP profitability remains unproven. Palantir faces long sales cycles and customer-concentration risk, while Figma faces Adobe and AI-tool competition and possible volatility or customer dissatisfaction from its credit-based pricing changes. Valuation data are from Financial Modeling Prep and may vary by provider.
