Figma, Inc.

figma.com

What Do They Do?

Sells a collaborative platform for product teams to design, prototype, and build digital products, with tools for publishing websites and creating marketing content.

How Do They Make Money?

Figma earns subscription fees for platform access, sold per seat on monthly or annual plans to individuals and teams.

FY2025 revenue

Who Are Their Customers?

Individuals and small teams can sign up through Figma.com, while Figma’s direct sales process helps customers set up accounts, move to higher plans, and expand existing accounts. Its plans also serve businesses with multiple teams or products.

Do Revenues Turn Into Profits?

Not on paper. It lost $1.3B in FY2025, but brought in more cash than it spent: $246.2M of free cash flow.

Operating income, FY2025

−122% of revenue

▲ +47% (Loss) vs FY2024 (−$877.4M, −117%)

Net income, FY2025

−118% of revenue

▲ +71% (Loss) vs FY2024 (−$732.1M, −98%)

Free cash flow, FY2025

23% of revenue

▲ Now profitable vs FY2024 (−$63.7M, −9%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +48%; vs $249.6M in Q2 FY2025
Net income: ▼ Now a loss; vs $28.2M in Q2 FY2025

Aug 5, 2026 Raised full-year revenue guidance Figma raised its full-year revenue outlook by $40.0 million, to between $1.463 billion and $1.467 billion.

Growing. Revenue grew 2.1x in 2 years, from $504.9M in FY2023 to $1.1B in FY2025, about 45% a year.

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