Motley Fool says CrowdStrike may appeal more to growth investors: FY2026 revenue rose 21.7% to $4.8 billion, with a $162.5 million net loss. Figma grew 41% to $1.1 billion in FY2025 but posted a $1.3 billion net loss; its sales multiple was 10.5x vs. 50.3x for CrowdStrike.
CrowdStrike reported $1.3 billion in FY2026 free cash flow, compared with Figma's $246.2 million in FY2025. Stock-based compensation accounted for about 68% of CrowdStrike's operating cash flow and 544.2% of Figma's, inflating reported cash generation because the compensation is a noncash expense added back to cash flow. The price-to-sales figures came from Financial Modeling Prep and may differ from other data providers.
The article says CrowdStrike continues to face reputational and business damage after a July 19, 2024, content-configuration incident, and provided subscription extensions and discounts to retain customers. It also cites competition and reliance on Amazon's cloud infrastructure. For Figma, it flags competition from Adobe and AI tools, pricing and AI-credit changes, and the possibility that frontier AI could disrupt its collaborative design workflow; Figma is adding AI features.
