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Side-by-side financial comparison of Figma, Inc. (FIG) and Dave & Buster's Entertainment, Inc. (PLAY). Click either name above to swap in a different company.

Dave & Buster's Entertainment, Inc. is the larger business by last-quarter revenue ($448.2M vs $274.2M, roughly 1.6× Figma, Inc.). Dave & Buster's Entertainment, Inc. runs the higher net margin — -9.4% vs -400.1%, a 390.7% gap on every dollar of revenue. On growth, Figma, Inc. posted the faster year-over-year revenue change (38.0% vs -1.1%). Figma, Inc. produced more free cash flow last quarter ($49.5M vs $-20.6M).

Figma is a collaborative web application for interface design, with additional offline features enabled by desktop applications for macOS and Windows. The feature set of Figma focuses on user interface and user experience design, with an emphasis on real-time collaboration, utilizing a variety of vector graphics editor and prototyping tools. The Figma mobile app for Android and iOS allows viewing and interacting with Figma prototypes in real-time on mobile and tablet devices.

Dave & Buster's Entertainment, Inc. is an American restaurant and entertainment business headquartered in Dallas. Each Dave & Buster's location has a full-service restaurant, full bar, and a video arcade, the latter of which is known as the "Million Dollar Midway". As of February 2024, the company has 158 locations in the United States, as well as two in Puerto Rico and two in Canada.

FIG vs PLAY — Head-to-Head

Bigger by revenue
PLAY
PLAY
1.6× larger
PLAY
$448.2M
$274.2M
FIG
Growing faster (revenue YoY)
FIG
FIG
+39.1% gap
FIG
38.0%
-1.1%
PLAY
Higher net margin
PLAY
PLAY
390.7% more per $
PLAY
-9.4%
-400.1%
FIG
More free cash flow
FIG
FIG
$70.1M more FCF
FIG
$49.5M
$-20.6M
PLAY

Income Statement — Q3 FY2025 vs Q3 FY2026

Metric
FIG
FIG
PLAY
PLAY
Revenue
$274.2M
$448.2M
Net Profit
$-1.1B
$-42.1M
Gross Margin
69.4%
85.8%
Operating Margin
-414.6%
-3.6%
Net Margin
-400.1%
-9.4%
Revenue YoY
38.0%
-1.1%
Net Profit YoY
-6933.0%
-28.7%
EPS (diluted)
$-2.72
$-1.22

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FIG
FIG
PLAY
PLAY
Q4 25
$448.2M
Q3 25
$274.2M
$557.4M
Q2 25
$249.6M
$567.7M
Q1 25
$534.5M
Q4 24
$453.0M
Q3 24
$198.6M
$557.1M
Q2 24
$177.2M
$588.1M
Q1 24
$599.0M
Net Profit
FIG
FIG
PLAY
PLAY
Q4 25
$-42.1M
Q3 25
$-1.1B
$11.4M
Q2 25
$28.2M
$21.7M
Q1 25
$9.3M
Q4 24
$-32.7M
Q3 24
$-15.6M
$40.3M
Q2 24
$-827.9M
$41.4M
Q1 24
$36.1M
Gross Margin
FIG
FIG
PLAY
PLAY
Q4 25
85.8%
Q3 25
69.4%
86.3%
Q2 25
88.8%
85.5%
Q1 25
85.5%
Q4 24
85.0%
Q3 24
90.6%
85.3%
Q2 24
77.7%
85.2%
Q1 24
84.1%
Operating Margin
FIG
FIG
PLAY
PLAY
Q4 25
-3.6%
Q3 25
-414.6%
9.5%
Q2 25
0.8%
11.1%
Q1 25
8.3%
Q4 24
1.4%
Q3 24
-23.8%
15.2%
Q2 24
-504.7%
14.5%
Q1 24
14.9%
Net Margin
FIG
FIG
PLAY
PLAY
Q4 25
-9.4%
Q3 25
-400.1%
2.0%
Q2 25
11.3%
3.8%
Q1 25
1.7%
Q4 24
-7.2%
Q3 24
-7.9%
7.2%
Q2 24
-467.2%
7.0%
Q1 24
6.0%
EPS (diluted)
FIG
FIG
PLAY
PLAY
Q4 25
$-1.22
Q3 25
$-2.72
$0.32
Q2 25
$0.00
$0.62
Q1 25
$0.32
Q4 24
$-0.84
Q3 24
$-0.07
$0.99
Q2 24
$-4.39
$0.99
Q1 24
$0.95

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FIG
FIG
PLAY
PLAY
Cash + ST InvestmentsLiquidity on hand
$1.6B
$13.6M
Total DebtLower is stronger
$1.6B
Stockholders' EquityBook value
$1.4B
$130.8M
Total Assets
$2.1B
$4.1B
Debt / EquityLower = less leverage
12.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FIG
FIG
PLAY
PLAY
Q4 25
$13.6M
Q3 25
$1.6B
$12.0M
Q2 25
$1.6B
$11.9M
Q1 25
$6.9M
Q4 24
$8.6M
Q3 24
$416.1M
$13.1M
Q2 24
$586.1M
$32.1M
Q1 24
$37.3M
Total Debt
FIG
FIG
PLAY
PLAY
Q4 25
$1.6B
Q3 25
$1.6B
Q2 25
$1.6B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
$1.3B
Q2 24
$1.3B
Q1 24
$1.3B
Stockholders' Equity
FIG
FIG
PLAY
PLAY
Q4 25
$130.8M
Q3 25
$1.4B
$166.2M
Q2 25
$1.4B
$146.8M
Q1 25
$145.8M
Q4 24
$226.6M
Q3 24
$1.2B
$284.4M
Q2 24
$862.4M
$292.5M
Q1 24
$251.2M
Total Assets
FIG
FIG
PLAY
PLAY
Q4 25
$4.1B
Q3 25
$2.1B
$4.1B
Q2 25
$2.0B
$4.1B
Q1 25
$4.0B
Q4 24
$3.9B
Q3 24
$3.8B
Q2 24
$3.8B
Q1 24
$3.8B
Debt / Equity
FIG
FIG
PLAY
PLAY
Q4 25
12.17×
Q3 25
9.57×
Q2 25
10.98×
Q1 25
10.45×
Q4 24
6.58×
Q3 24
4.72×
Q2 24
4.58×
Q1 24
5.33×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FIG
FIG
PLAY
PLAY
Operating Cash FlowLast quarter
$51.2M
$58.0M
Free Cash FlowOCF − Capex
$49.5M
$-20.6M
FCF MarginFCF / Revenue
18.0%
-4.6%
Capex IntensityCapex / Revenue
0.6%
17.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-195.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FIG
FIG
PLAY
PLAY
Q4 25
$58.0M
Q3 25
$51.2M
$34.0M
Q2 25
$95.8M
Q1 25
$108.9M
Q4 24
$-7.2M
Q3 24
$101.8M
Q2 24
$108.8M
Q1 24
$97.2M
Free Cash Flow
FIG
FIG
PLAY
PLAY
Q4 25
$-20.6M
Q3 25
$49.5M
$-55.2M
Q2 25
$-58.8M
Q1 25
$-61.0M
Q4 24
$-138.4M
Q3 24
$-14.3M
Q2 24
$-4.2M
Q1 24
$-25.4M
FCF Margin
FIG
FIG
PLAY
PLAY
Q4 25
-4.6%
Q3 25
18.0%
-9.9%
Q2 25
-10.4%
Q1 25
-11.4%
Q4 24
-30.6%
Q3 24
-2.6%
Q2 24
-0.7%
Q1 24
-4.2%
Capex Intensity
FIG
FIG
PLAY
PLAY
Q4 25
17.5%
Q3 25
0.6%
16.0%
Q2 25
27.2%
Q1 25
31.8%
Q4 24
29.0%
Q3 24
20.8%
Q2 24
19.2%
Q1 24
20.5%
Cash Conversion
FIG
FIG
PLAY
PLAY
Q4 25
Q3 25
2.98×
Q2 25
4.41×
Q1 25
11.71×
Q4 24
Q3 24
2.53×
Q2 24
2.63×
Q1 24
2.69×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FIG
FIG

Non Us$147.4M54%
US$126.8M46%

PLAY
PLAY

Game Play Credit Usage$273.1M61%
Food And Nonalcoholic Beverages$115.1M26%
Alcoholic Beverage$53.7M12%
Other Entertainment$6.3M1%
Gift Card Revenue$3.5M1%

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