Figma, Inc. (FIG)

Key figures

The last twelve months reported, with the latest price and balance sheet.

Revenue, last twelve months

$1.3B

Net income, last twelve months

-$1.6B

Earnings per share

-$3.64

Gross margin

79.1%

Operating margin

-123.8%

Net margin

-123.1%

Free cash flow

$232.3M

Return on equity

-106.8%

Market value

$12.2B

Cash

$445.8M

Debt

$0

Debt to equity

0.00

Financial statements

Revenue, profit and cash flow by fiscal year, each year linked to its annual report.

By quarter

What the company said with its results

From the second quarter of 2026 results, filed 5 August 2026.

• Revenue above prior guidance range. Revenue rose 48% year-over-year and came in above the range of previously issued second-quarter guidance.
• Growth accelerated for third quarter. Year-over-year revenue growth rose for the third consecutive quarter; the prior release reported 46% growth for the first quarter.
• Gross profit growth accelerated to 40%. Gross profit growth reached 40% year-over-year on both GAAP and non-GAAP bases.
• Net Dollar Retention Rate at 136%. Net Dollar Retention Rate was 136%, compared with 139% reported for March 31, 2026 in the prior release.
• Customers above $100,000 grew faster. Paid Customers above $100,000 in ARR grew faster than the group above $10,000 in ARR, which grew 34%.
• AI credit use among paying customers. Management said over 80% of Paid Customers above $10,000 in ARR were consuming AI credits weekly as of June 30, 2026.
• Code Layers brings Make to canvas. Code Layers lets teams turn static designs into interactive, code-backed prototypes that can be edited in code or visually.
• Figma agent launched on canvas. The first-party Figma agent is built into the canvas; as of July 31, 2026, over 50% of Paid Customers above $10,000 ARR used it weekly.
• Canvas tools for motion and shaders. New canvas capabilities include Motion, Shaders and 3D Transforms, plus Figma Weave Tools for reusable AI image and video workflows.
• Skills and generative plugins added. Skills let teams teach the Figma agent their own processes and standards; generative plugins let teams build internal tools by prompting.
• GAAP gross margin at 84%. GAAP gross margin was 84% and non-GAAP gross margin was 85%, against 89% and 90% a year earlier.
• Operating loss tied to Config spend. GAAP operating margin was (32)%, against 1% a year earlier; management linked the change to higher sales and marketing spend for Config.
• Stock-based compensation rose year-over-year. Stock-based compensation was $147.6 million in the quarter, against $7.3 million a year earlier, and is excluded from non-GAAP measures.
• Free cash flow of $53.2 million. Free cash flow was $53.2 million, a 14% margin; operating cash flow was $60.9 million, a 16% margin.

Revenue by segment

As the company reports it in the segment note of its annual report.

By region, FY2025

Company events

The newest 8-K filings of 7 held.

Every filing

The newest filings with the SEC of 41 held.

Insider trades

Form 4 trades by officers, directors and 10% owners, last 12 months.

Planned insider sales

Form 144 notices, filed when the sell order goes to the broker.

Large holders

Schedule 13D and 13G filings by holders of more than 5% of the voting shares.

Trades by members of the House

From each member's periodic transaction report.

Short interest

Shares sold short and not yet bought back, on each FINRA settlement date.

Funds that hold it

From each fund's latest Form 13F.

442 funds held it at 30 Jun 2026: 244 added and 62 trimmed in the quarter. The largest:

Peers

Companies in the same industry.

• Microsoft Corp. (MSFT): revenue $346.4B, market value $3.95T
• Palantir Technologies Inc. (PLTR): revenue $6.2B, market value $473.1B
• Oracle Corp. (ORCL): revenue $71.8B, market value $436.3B
• SAP SE (SAP): revenue $41.6B, market value $276.7B
• CrowdStrike Holdings, Inc. (CRWD): revenue $5.4B, market value $273.1B
• Shopify Inc. (SHOP): revenue $13.3B, market value $218.4B
• Salesforce, Inc. (CRM): revenue $43.9B, market value $199.5B
• ServiceNow, Inc. (NOW): revenue $15.4B, market value $155.6B
• Snowflake Inc. (SNOW): revenue $5.4B, market value $119.8B
• Cloudflare, Inc. (NET): revenue $2.5B, market value $113.0B

What the company does

Figma is a software company based in San Francisco that sells a browser-based platform for designing and building digital products. Designers, developers, product managers, researchers, marketers and writers use it together in shared files. In the three months ended 31 December 2025, non-designers made up approximately two-thirds of its monthly active users. Figma was incorporated in Delaware in October 2012, and its Class A common stock has been listed on the New York Stock Exchange under the symbol "FIG" since its initial public offering in August 2025. At 31 December 2025 it had 1,886 employees, whom it calls Figmates.

What it sells

Figma Design, launched in 2015, is the core product. Figma Draw sits inside it for detailed vector editing. The company has added products that cover more of the path from idea to finished software:

- FigJam, launched in 2021, is a whiteboarding and brainstorming tool. - Dev Mode, launched in 2023, gives developers generated code and design details. In 2025 the company added its own Model Context Protocol server so a coding agent can read a Figma design. - Figma Slides, launched in 2024, is for presentations. - Figma Make turns text prompts or existing designs into working prototypes or web apps. - Figma Sites publishes a design as a website. - Figma Buzz creates marketing assets from templates.

Figma Sites and Figma Buzz were in beta at year end. In 2025 the company acquired Payload CMS, Inc., an open-source headless content management system. It also acquired Weavy Inc., which became Figma Weave, a browser canvas that combines AI models with editing tools for images and video. The company says it relies mainly on off-the-shelf foundational models for its AI features.

How it charges

Figma is sold as an annual or monthly subscription, per seat. Four plans are offered: Starter (free), Professional, Organization and Enterprise. Seat types are Viewer (free), Collab, Content, Dev and Full, and each opens a different set of products. The Content seat had been announced but was not yet available at year end. The company introduced AI credits on all seats in 2025. It says it intends to begin enforcing credit limits in March 2026 and to offer extra credit subscriptions or pay-as-you-go plans.

Subscription agreements generally run for monthly or annual terms and are generally non-cancelable. Customers are typically invoiced in advance. The company says its billings are seasonal and that this may become more pronounced as larger customers account for more of the business.

How it reaches customers

Figma runs a self-service route through Figma.com and a direct sales team that sets up and expands larger accounts. Many users start on free plans and later move into managed accounts with more seats and products. The company calls this product-led adoption. Students and educators get the Professional plan free, and K-12 students and educators get the Organization plan free.

Partners include Atlassian, Zoom, Notion and Linear, with integrations for ChatGPT, GitHub and Storybook. A Figma app also runs in ChatGPT and Claude. Companies in banking, consumer-packaged goods, energy, manufacturing and software use the platform. The company received FedRAMP authorization in early 2025 and offers a Governance+ add-on for customers with strict data-control needs. Its security program is audited against ISO 27001, ISO 27701, ISO 27017, ISO 27018 and SOC 2 Type II.

Where it operates

The company has 14 offices in 11 countries, with local staff in 19 countries across 5 continents. A substantial majority of employees work in the United States. The product is available in English, Japanese, Spanish, Korean, Brazilian and Portuguese. The company accepts five currencies, its website is available in ten languages, and its support channels operate in seven languages.

Competition and intellectual property

It lists factors such as breadth of products, ease of use, collaboration, integration, pricing, and community, and says it believes it competes favorably on them.

It relies on patent, copyright, trade secret and trademark laws plus confidentiality and assignment agreements. At 31 December 2025 it held 22 issued U.S. patents, 78 U.S. patent applications and 159 non-U.S. pending patent applications. It also held 103 registered trademarks and 98 trademark applications, with filings in 62 countries, Hong Kong and the European Union.

Community

Figma runs Config, an annual conference that started in 2020 and is held in San Francisco. It also supports hundreds of Friends of Figma chapters worldwide and a Community platform where users share plugins and widgets. Plugins are available in Figma Design, FigJam and Figma Slides. Figma Ventures is its investment vehicle for outside companies.

*From Figma's annual report on Form 10-K for the year ended 31 December 2025. [The filing](https://www.sec.gov/Archives/edgar/data/1579878/000162828026009228/fig-20251231.htm)*

From the company's 10-K.