Figma, Inc.
Financial Performance
Figma Revenue & Financials
Revenue
$1.1B (FY2025)
Market Cap
$11B
Employees
1,886
What is Figma's revenue?
Figma had $1.1B in revenue for fiscal year 2025, up 41% from 2024. It reported a net loss of $1.3B.
- Latest revenue
- $1.1B (FY2025)
- Year-over-year
- +41%
- Growth rate (CAGR)
- 44.6% over 2 years
- Peak revenue
- $1.1B (FY2025)
- Years of data
- 3
- Employees
- 1,886
Financial Analysis
Figma has reported as a public company since its July 2025 NYSE listing. Revenue grew 41% to US$1.06 billion in 2025, and the company generated US$242.7 million of free cash flow, but posted a GAAP net loss of US$1.25 billion, mainly from US$1.36 billion of stock-based compensation tied to the IPO. Growth then accelerated in 2026: Q1 revenue was US$333.4 million and Q2 revenue was US$370.1 million, up 48% year over year, with an 84% GAAP gross margin, a GAAP net loss of US$112.2 million, non-GAAP operating income of US$36.1 million and US$1.7 billion of cash and marketable securities at June 30, 2026. Before the IPO, the 2023 collapse of Adobe's US$20 billion takeover left Figma with a US$1.0 billion termination fee. Figma is a dominant force in collaborative design software, holding a private market valuation of $12.5 billion following the collapse of its proposed acquisition by Adobe.
Revenue Trend Analysis
YoY Change
+41%
2-Year CAGR
+44.6%
Peak Year
2025
Trend
Not enough comparable years
Figma, Inc. has 3 full fiscal year figures on this page, compounding at +44.6% annually over 2 years. The most recent year saw a 41% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $1.1B. Of 2 comparable year-over-year steps, 2 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Operating Income | Net Income | YoY Change | Source |
|---|---|---|---|---|---|
| FY2025 | $1.1B | -$1.3B | -$1.3B | +41.0% | Figma, Inc. annual report (SEC EDGAR, filed 2026-02-18) Fiscal year ended 2025-12-31. |
| FY2024 | $749M | -$877.4M | -$732.1M | +48.4% | Figma, Inc. annual report (SEC EDGAR, filed 2026-02-18) Fiscal year ended 2024-12-31. |
| FY2023 | $504.9M | -$73.5M | $737.8M | — | Figma, Inc. annual report (SEC EDGAR, filed 2026-02-18) Fiscal year ended 2023-12-31. |
Click any row to see year details.
Figma, Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
Keep researching Figma
Figma Revenue and Financial FAQ
How fast is Figma's revenue growing?
Figma reported US$1.06 billion of revenue in 2025, up 41% from US$749.0 million, and Q2 2026 revenue of US$370.1 million, up 48%, driven by enterprise seat expansion and a 136% net dollar retention rate at the end of 2025.
What was Figma's valuation and the financial impact of the $1 billion Adobe termination fee?
Adobe agreed in 2022 to buy Figma for about US$20 billion, and when the deal was abandoned in December 2023 Adobe paid Figma a US$1.0 billion termination fee. Figma was later valued at about US$12.5 billion in a 2024 tender offer, priced its 2025 IPO at US$33 a share, and had a market capitalization of about US$11 billion at the end of September 2026.
What is Figma's typical gross margin and cash flow profitability profile?
Figma's GAAP gross margin was about 82% in 2025, down from 88% in 2024 as cost of revenue grew faster than sales. It generated US$250.7 million of operating cash flow and US$242.7 million of free cash flow in 2025.
What are Figma's Net Revenue Retention (NRR) benchmarks?
Figma reported a net dollar retention rate of 136% at the end of 2025 and again at June 30, 2026, meaning existing customers spent about 36% more than a year earlier as they added seats and AI credits.
What prominent venture capital firms backed Figma prior to its aborted acquisition?
Figma's major venture backers included Index Ventures, Greylock Partners, Kleiner Perkins, Sequoia Capital and Andreessen Horowitz, which led or joined rounds between its 2013 seed and its 2021 Series E at a US$10 billion valuation.
How did Figma execute private employee tender offers in 2024?
In mid-2024, following the terminated Adobe merger, Figma completed a successful $675 million employee and early shareholder tender offer backed by existing and new investors, establishing an updated private market valuation of approximately $12.5 billion.
What are Figma's primary operating expense allocations?
Figma's largest operating costs are research and development, sales and marketing, and general and administrative expense, all inflated in 2025 by about US$1.36 billion of stock-based compensation. In 2026, AI compute costs and Config-related marketing have also weighed on margins.
What is Figma's pathway toward an Initial Public Offering (IPO)?
Figma completed its IPO in 2025: it priced shares at US$33 on July 30, 2025, raising about US$1.2 billion, and began trading on the New York Stock Exchange as FIG on July 31, 2025. Its market capitalization was about US$11.0 billion on September 29, 2026.
Did Adobe buy Figma?
No. In 2022, Adobe announced a massive, industry-shaking $20 billion acquisition of Figma to eliminate their biggest threat. However, UK and European antitrust regulators aggressively blocked the deal, arguing it would create a monopoly. The deal was abandoned in 2023, and Adobe was forced to pay Figma a massive $1 billion breakup fee.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Figma Revenue & Financials." CorpDigest, https://corpdigest.com/company/figma/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Figma reported $1.1B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/figma/financials" target="_blank" rel="noopener">CorpDigest — Figma financials</a></div>Related Financial Audits
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