Figma (FIG) financial statements
Figma reported revenue of $1.1B in fiscal 2025, up 44.6% a year over 2 years.
Net income was -$1.3B and the operating margin -122.2%, against -14.5% in 2023.
Free cash flow was $243M.
The diluted share count rose 80% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Figma's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | $505M | $749M | $1.1B |
| Cost of revenue | $44M | $88M | $186M |
| Gross profit | $460M | $661M | $870M |
| Research and development | $165M | $751M | $1.0B |
| Selling, general and admin | $369M | $788M | $1.1B |
| Operating income | -$73M | -$877M | -$1.3B |
| Pre-tax income | $946M | -$793M | -$1.2B |
| Income tax | $208M | -$61M | $25M |
| Net income | $738M | -$732M | -$1.3B |
| EPS (diluted) | $1.62 | -$3.74 | -$3.71 |
| Diluted shares | 187M | 196M | 337M |
| Gross margin | 91.2% | 88.3% | 82.4% |
| Operating margin | -14.5% | -117.1% | -122.2% |
| Net margin | 146.1% | -97.7% | -118.4% |
Balance sheet
Fiscal years, from Figma's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Cash and short-term investments | $1.3B | $1.5B | $1.7B |
| Receivables | — | $131M | $248M |
| Total current assets | — | $1.6B | $2.0B |
| Property, plant and equipment | — | $15M | $20M |
| Goodwill | $11M | $11M | $101M |
| Total assets | — | $1.8B | $2.3B |
| Total current liabilities | — | $447M | $776M |
| Total liabilities | — | $469M | $838M |
| Shareholders' equity | $1.0B | $1.3B | $1.5B |
| Net debt | -$1.3B | -$487M | -$403M |
Cash flow
Fiscal years, from Figma's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating cash flow | $1.0B | -$62M | $251M |
| Capital spending | $6M | $7M | $8M |
| Free cash flow | $1.0B | -$68M | $243M |
| Stock-based compensation | $3M | $948M | $1.4B |
| Share buybacks (net) | -$2,000 | -$861,000 | $0 |
| Free cash flow margin | 206.2% | -9.1% | 23.0% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for FIG.
Open FIG in InvestinglyQuestions
What was Figma's revenue in 2025?
$1.1B in fiscal 2025, from its 10-K filing.
How much free cash flow does Figma generate?
$243M in fiscal 2025 (operating cash flow minus capital spending).
From Figma's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.