Figma, Inc.

Listed Company

FIGCIK 0001579878NYSENon-AcceleratedEmerging GrowthServices-Prepackaged SoftwareDelawareFY ends Dec 31

Period

FY 2025

Revenue

$1.06B

Net Income

$-1.25B

Total Assets

$2.35B

Equity

$1.51B

Shares Out

—

Op. Cash Flow

$250.68M

Business

Figma, Inc. provides a browser-based, AI-powered collaborative platform that enables teams to design, prototype, and build digital products and experiences. It offers tools including Design, FigJam, Dev Mode, Figma Make, Figma Sites (with Payload CMS), Figma Buzz, Figma Weave, integrated AI features, and extensibility via APIs and plugins. Figma monetizes through seat-based subscription plans and differentiated seat types (Starter to Enterprise; Viewer to Full) supported by direct sales, self-service, and partner channels. The company serves a global, cross-industry customer base via web distribution, integrations, certified partners, and community and education programs.

Summary from filing dated 2026-02-18

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31
Revenue	1,056	749	505
Cost of revenue	186	88	45
Gross profit	870	661	460
Research and development	1,030	751	165
Sales and marketing	576	472	201
General and administrative	556	316	168
Total operating expenses	2,161	1,539	534
Loss from operations	−1,290	−877	−73
Other income, net	65	84	1,019
Income (loss) before income taxes	−1,226	−793	946
Provision for (benefit from) income taxes	25	−61	208
Net income (loss)	−1,250	−732	738
Less: net income attributable to participating securities	0	0	−452
Net income (loss) attributable to common stockholders	−1,250	−732	286
Net income (loss) per share, basic (in usd per share)	−3.71	−3.74	1.7
Net income (loss) per share, diluted (in usd per share)	−3.71	−3.74	1.62
Weighted-average shares outstanding used in computing net income (loss) per share attributable to common stockholders, basic (in shares)	337	196	168
Weighted-average shares outstanding used in computing net income (loss) per share attributable to common stockholders, diluted (in shares)	337	196	187

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Cash and cash equivalents	403	487	1,270	—
Digital assets, current	16	0	—	—
Marketable securities	1,252	971	—	—
Accounts receivable, net	248	131	—	—
Prepaid expenses and other current assets	85	49	—	—
Total current assets	2,005	1,638	—	—
Property and equipment, net	20	15	—	—
Intangible assets, net	19	3	—	—
Digital assets, non-current	15	0	—	—
Goodwill	101	11	11	—
Operating lease right-of-use assets	57	29	—	—
Restricted cash	10	4	—	—
Other assets	121	94	—	—
Total assets	2,348	1,793	—	—
Accounts payable	5	4	—	—
Accrued and other current liabilities	67	31	—	—
Accrued compensation and benefits	107	19	—	—
Operating lease liabilities, current	3	11	—	—
Deferred revenue	595	381	—	—
Total current liabilities	776	447	—	—
Operating lease liabilities, non-current	56	18	—	—
Other non-current liabilities	6	4	—	—
Total liabilities	838	469	—	—
Commitments and contingencies (Note 11)	—	—	—	—
Preferred stock, value	—	329	—	—
Additional paid-in capital	2,950	1,186	—	—
Accumulated other comprehensive income	4	1	—	—
Accumulated deficit	−1,443	−193	—	—
Total stockholders equity	1,511	1,324	1,043	286
Total liabilities and stockholders equity	2,348	1,793	—	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31
Depreciation and amortization	16	8	8
Non-cash operating lease costs	18	14	12
Stock-based compensation, net of amounts capitalized	1,364	948	3
Amortization of deferred commissions	21	15	9
Net accretion of discounts on available-for-sale securities	−16	−17	−4
Unrealized (gains) losses on equity investments, net	797,000	−24	0
Other non-cash adjustments	−517,000	−3	148,000
Accounts receivable, net	−118	−43	−40
Prepaid expenses and other current assets	−36	−21	450,000
Other assets	−36	−87	−14
Accounts payable	154,000	525,000	−3
Accrued and other current liabilities	2	−253	232
Accrued compensation and benefits	77	11	695,000
Deferred revenue	214	128	92
Other non-current liabilities	−5	−7	12
Net cash provided by (used in) operating activities	251	−62	1,047
Purchase of intangible assets	−5	−920,000	−88,000
Capital expenditures	−4	−2	−4
Capitalized internal-use software development costs	−4	−5	−3
Cash paid for business combinations, net of cash acquired	−58	0	0
Purchases of marketable securities	−1,248	−1,323	−224
Proceeds from maturities of marketable securities	840	448	156
Proceeds from sale of marketable securities	145	100	17
Proceeds from sale of digital assets	15	0	0
Purchases of digital assets	−45	0	0
Other cash flows from investing activities	−6	−982,000	−196,000
Net cash used in investing activities	−371	−784	−57
Repurchase of common stock	0	−861,000	−2,000
Payment of deferred offering costs, net of costs reimbursed	−7	0	0
Cash paid for issuance costs on revolving credit facility	−1	0	0
Proceeds from options exercised	132	2	2,000
Proceeds from issuance of common stock under employee stock purchase plan	26	0	0
Proceeds from issuance of common stock	0	60	0
Proceeds from borrowings under revolving credit facility	331	0	0
Repayments on borrowings under revolving credit facility	−331	0	0
Proceeds from initial public offering, net of underwriting discounts and commissions	393	0	0
Taxes paid related to net share settlement of equity awards	−500	−418	0
Proceeds from sale of common stock in connection with May 2024 RSU release primary financing	0	419	0
Other cash flows from financing activities	797,000	0	0
Net cash provided by financing activities	43	62	0
Change in cash, cash equivalents, and restricted cash	−77	−784	990
Federal	4	0	0
State	−672,000	0	0
Total cash paid during the period for income taxes, net of refunds	29	—	—
Cash paid during the period for income taxes (prior to ASU 2023-09)	—	196	7
Payments for operating leases included in cash from operating activities	17	15	14
Operating lease right-of-use assets obtained in exchange for lease liabilities	42	28	10
Stock-based compensation included in capitalized internal-use software development costs	3	3	96,000
Fair value of shares issued in connection with business combination	33	0	13
Conversion of convertible preferred stock to common stock upon initial public offering	329	0	0
Reclassification of deferred offering costs to additional paid-in capital upon initial public offering	11	0	0

Filings

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