Which AI Stocks Offer Millionaire Potential: Figma versus Palantir?
In the world of tech, two companies have been making waves in their respective domains - Palantir Technologies and Figma. Let's take a closer look at their financial performance and growth prospects.
Palantir Technologies, a data-analytics firm, has been leading the pack among software companies in the past five years. The company reported record revenues of €612 million in fiscal year 2023/24, marking a nearly doubling of revenue and profit over five years with an average annual growth of 19%. This impressive growth has propelled Palantir's net income to €68 million.
Palantir's growth is not limited to its government contracts, as its commercial business is also growing at an astonishing pace. The company's "Rule of 40" score, a measure of a software company's growth and profitability, stands at 94%. Palantir's CEO, Alex Karp, views the U.S. commercial business as the emerging core of the company. In Q2 alone, Palantir closed 157 deals of at least $1 million and 42 deals of at least $10 million.
On the other hand, Figma, a digital design and collaboration platform, made its public debut on July 31, 2025, with a share price of $33. Since then, Figma's shares have seen a significant rise, with their current value hovering around $82. The company's revenue soared 46% year over year in its latest quarter, reflecting its strong market position.
Figma's customer base is impressive, with 78% of the Forbes 2000 and 95% of the Fortune 500 on board. The company estimates its total addressable market to be around $33 billion, and IDC projects more than 1 billion new apps will be developed by 2028. Figma's net dollar retention rate stands at 132%, indicating a high level of customer loyalty.
When it comes to market capitalisation, Palantir takes the lead with a market cap of roughly $440 billion, while Figma's market cap is approximately $40 billion. However, it's worth noting that Palantir's growth prospects may already be partially reflected in its share price. Palantir's price-to-earnings-to-growth (PEG) ratio is 4.89, suggesting that the stock could be overvalued.
As of today, Palantir Technologies shares trade at around $186, marking a significant increase from its opening share price of $10 when it went public in September 2020. Palantir's customer count stands at 485, as of June 30, 2025. The company expects its commercial revenue to soar by at least 85% this year.
In conclusion, both Palantir Technologies and Figma are powerhouses in their respective fields, showcasing impressive growth and strong market positions. Investors looking at these companies should consider their individual growth prospects, market positions, and valuations before making investment decisions.
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