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NYSE · Technology

Figma, Inc. (FIG)

As-reported financials and SEC filings for Figma, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Figma, Inc.

Figma, Inc. provides a connected, AI-powered platform that enables teams to collaborate on designing, prototyping, and developing digital products and experiences. Its main products include FigJam for brainstorming and ideation, Figma Design and Figma Draw for high-fidelity design and vector editing, Dev Mode for translating designs into production-ready code, and Figma Make for AI-assisted rapid prototyping and software creation. Figma serves designers, developers, product managers, and other team members involved in the software creation lifecycle across various industries.

Snapshot

Revenue
$1.06B
Revenue growth (YoY)
41.0%
Net income
$-1.25B
Diluted EPS
$-3.71
Gross margin
Operating margin
Net margin
FCF margin
ROE
-82.8%
net income / fiscal-year-end equity
P/E
trailing when available, otherwise FY EPS
Market cap
$14.50B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Figma

  • Revenue grew 41.0% to $1.1B in FY2025, slower than the 48.4% the year before.
  • Operating margin is -122.2% in FY2025, -107.7 pp against -14.5% in FY2023.
  • Most recent quarter Q2 FY2026: revenue $370M, up 48.2% from Q2 FY2025.
  • Free cash flow was $246M in FY2025, 23.3% of revenue.
  • Net loss widened to $1.3B in FY2025, from $732M in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Figma’s fundamentals sit among the 332 software companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Revenue growth (YoY)+41.0%
90th percentile of 325
ROE-82.8%
8th percentile of 285
Short interest1.48d
19th percentile of 330

Figma’s return on equity of -82.8% ranks in the 8th percentile of the 285 software companies reporting it. Figma’s revenue growth of +41.0% ranks in the 90th percentile of the 325 software companies reporting it.

No reported insider purchases (code P) in the last 90 days; 23 insider sales totaling $32.0M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+6 quant / multi-strat
Initiated / added
6
2 new, 4 added
Reduced / exited
4
1 trimmed, 3 exited
Combined position
$672.2M
reported long value
InvestorAs ofPosition valueSharesChange
Two Sigma InvestmentsquantQ2 2026$230.2M12.7MAdded
Citadel AdvisorsquantQ2 2026$137.1M7.6MAdded
Point72 Asset ManagementquantQ2 2026$97.9M5.4MNew
ARK Investment ManagementQ2 2026$55.0M3.0MReduced
Renaissance TechnologiesquantQ2 2026$54.8M3.0MAdded
Millennium ManagementquantQ2 2026$51.3M2.8MAdded
D. E. ShawquantQ2 2026$45.9M2.5MNew

No longer held by: AQR Capital Management (as of Q2 2026), Sands Capital Management (as of Q2 2026), Tiger Global Management (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
23
$32.0M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-28
filed 2026-09-01
Mulligan BrendanGeneral Counsel and SecretarySell130.8K$30.15$3.9M
2026-08-28
filed 2026-09-01
Mulligan BrendanGeneral Counsel and SecretarySell80.7K$29.21$2.4M
2026-08-28
filed 2026-09-01
Mulligan BrendanGeneral Counsel and SecretarySell100$30.89$3K
2026-08-27
filed 2026-08-31
Herb TylerChief Accounting OfficerSell2.0K$30.00$60K
2026-08-21
filed 2026-08-25
Herb TylerChief Accounting OfficerSell1.8K$27.14$50K
2026-08-10
filed 2026-08-12
Index Ventures VI (Jersey) LP10% ownerSell12.5K$25.39$317K
2026-08-10
filed 2026-08-12
Rimer Daniel H.DirectorSell12.5K$25.39$317K
2026-08-05
filed 2026-08-06
Voskanian ShauntChief Revenue OfficerSell30.0K$27.91$837K
2026-08-04
filed 2026-08-06
Rasmussen KrisFormer Chief Technology Off.Sell196.4K$25.53$5.0M
2026-08-04
filed 2026-08-06
Melwani PraveerCFO and TreasurerSell24.2K$26.96$652K
2026-08-04
filed 2026-08-06
Melwani PraveerCFO and TreasurerSell12.9K$26.29$339K
2026-08-04
filed 2026-08-06
Voskanian ShauntChief Revenue OfficerSell7.7K$26.96$208K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
42.2M
settled 2026-08-14
Change vs prior
-30.0%
vs previous settlement
Days to cover
1.48
at avg daily volume
Avg daily volume
28.6M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1442.2M-30.0%1.48
2026-07-3160.3M-8.7%3.12
2026-07-1566.1M-21.8%2.67
2026-06-3084.5M+8.1%4.07
2026-06-1578.2M+11.8%4.49
2026-05-2969.9M-0.3%3.06
2026-05-1570.2M+21.0%2.91
2026-04-3058.0M+16.1%3.28

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023
Revenue$1.06B$749.0M$504.9M
Gross profit$870.3M$661.5M$460.4M
Operating income$-1.29B$-877.4M$-73.5M
Net income$-1.25B$-732.1M$737.8M
Diluted EPS$-3.71$-3.74$1.62

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023
Cash and equivalents$403.5M$487.0M$1.27B
Current assets$2.00B$1.64B
Total assets$2.35B$1.79B
Current liabilities$776.1M$447.0M
Long-term debt
Total liabilities$837.6M$469.1M
Total equity$1.51B$1.32B$1.04B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023
Operating cash flow$250.7M$-61.7M$1.05B
Capital expenditure$4.4M$2.0M$3.7M
Free cash flow$246.2M$-63.7M$1.04B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$370.1M48.2%$-112.2M$-0.21
Q1 FY2026$333.4M46.1%$-142.4M$-0.27
Q4 FY2025$303.8M40.0%$-226.6M$-0.44
Q3 FY2025$274.2M38.0%$-1.10B$-2.72
Q2 FY2025$249.6M40.9%$28.2M$0.00
Q1 FY2025$228.2M$44.9M
Q4 FY2024$216.9M$97.8M
Q3 FY2024$198.6M$-15.6M

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorTechnology
SIC industryServices-Prepackaged Software
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2013
SEC CIK1579878

Selected SEC filings

10-Q2026-08-05
View on EDGAR →
10-Q2026-05-14
View on EDGAR →
8-K2026-08-05
View on EDGAR →
8-K2026-06-04
View on EDGAR →
8-K2026-05-14
View on EDGAR →

Largest software peers

All software stocksAll Technology companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.