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Figma, Inc.

FIG NYSE Services-Prepackaged Software Financials FY2023–FY2025

Revenue Total sales reported in the income statement.
$1.1B
41.0% vs prior year
Operating margin Operating income as a share of revenue.
−122.2%
5.1 pts
Net income Profit after all expenses, interest and tax.
−$1.3B
Free cash flow Cash from operations minus capital spending.
$246M
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
—
Market cap Last close times the latest diluted share count, so it is approximate.
—
P/E Last close divided by diluted earnings per share over the last four quarters.
—
On −$4.23 EPS (TTM)

What Figma, Inc. does

No business description yet.

Legal name
Figma, Inc.
Fiscal year ends
December 31, 2025
Latest annual report
10-K · Feb 18, 2026
Accession · CIK
0001628280-26-009228
0001579878

Revenue and margins

Figma, Inc. had $1.1B of revenue in fiscal 2025, up 41.0% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $246M in fiscal 2025, 23.3% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Figma, Inc. returned $0.0M to shareholders in fiscal 2025, 0% of free cash flow. The diluted share count rose 72.3%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Balance sheet

Cash, debt and the ratios that show how comfortably Figma, Inc. can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY23FY24FY25
Cash and short-term investments $1.3B$1.5B$1.7B
Current ratio —3.7x2.6x
Quick ratio —3.7x2.6x
Total assets —$1.8B$2.3B
Total liabilities —$469M$838M
Shareholders' equity $1.0B$1.3B$1.5B
Net debt (− = net cash) ———

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$0.0M

0 insiders

Of sales under plans

—

$0.0M

No open-market insider trades in the last 12 months.

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✕ ✕
Cash from operations is positive ✓ ✕ ✓
Return on assets rose — — ✕
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets — — —
Current ratio rose — — ✕
Share count didn't rise — ✕ ✕
Gross margin rose — ✕ ✕
Revenue rose relative to assets — — ✓
F-score — / 3— / 53 / 8
Accruals ratio —−37.4%−72.5%
Altman Z'' —3.68−0.37

3 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY23FY24FY25
Income statement
Revenue $505M $749M $1.1B
Gross profit $460M $661M $870M
Research and development $165M $751M $1.0B
Operating income −$73.5M −$877M −$1.3B
Pretax income $946M −$793M −$1.2B
Income tax $208M −$61.0M $24.8M
Net income $738M −$732M −$1.3B
Net income to common $286M −$732M −$1.3B
Diluted EPS $1.62 −$3.74 −$3.71
Diluted shares 0.19B 0.20B 0.34B
Cash flow
Cash from operations $1.0B −$61.7M $251M
Capital expenditure $3.7M $2.0M $4.4M
Free cash flow $1.0B −$63.7M $246M
Depreciation and amortization $8.5M $7.7M $15.6M
Stock-based compensation $2.7M $948M $1.4B
Acquisitions $0.0M $0.0M $58.3M
Share buybacks $0.0M $0.9M $0.0M
Dividends and buybacks $0.0M $0.9M $0.0M
Balance sheet
Cash and short-term investments $1.3B $1.5B $1.7B
Current assets — $1.6B $2.0B
Current liabilities — $447M $776M
Property and equipment, net — $15.0M $20.0M
Goodwill $11.4M $11.4M $101M
Intangible assets — $2.5M $19.1M
Total assets — $1.8B $2.3B
Total liabilities — $469M $838M
Preferred stock — $329M —
Shareholders' equity $1.0B $1.3B $1.5B
Margins
Gross margin 91.2% 88.3% 82.4%
Operating margin −14.5% −117.1% −122.2%
EBITDA margin −12.9% −116.1% −120.7%
Net margin 146.1% −97.7% −118.4%
FCF margin 206.7% −8.5% 23.3%
Returns
Return on capital employed — −65.2% −82.1%
Return on equity 70.7% −61.9% −88.2%
Return on assets — −40.8% −60.4%
Return on tangible equity 27.7% −55.9% −90.0%
Growth
Revenue growth — 48.4% 41.0%
Net income growth — −199.2% —
EPS growth — −330.9% —
FCF growth — −106.1% —
Share count change — 4.5% 72.3%
Financial health
Current ratio — 3.7x 2.6x
Quick ratio — 3.7x 2.6x
Capital allocation
Capex / revenue 0.7% 0.3% 0.4%
Stock comp / revenue 0.5% 126.5% 129.2%
Payouts / FCF 0.0% — 0.0%
Quality scores
Piotroski F-score — — 3.0
Altman Z'' — 3.7 −0.4
Accruals ratio — −37.4% −72.5%

Source: SEC EDGAR XBRL filings (CIK 0001579878). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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