# Figma

**NYSE:** FIG  
**Design tool for real-time collaboration on UI, prototypes, and design systems in-browser**  
[#b2b](/content/t/b2b/index.html) [#design](/content/t/design/index.html) [#online-whiteboard](/content/t/online-whiteboard/index.html)

## Revenue
**$1.05B**  
2025

## Valuation
**$12.50B**  
2024

## Funding
**$748.60M**  
2024

## Growth Rate (y/y)
**35%**  
2024

[View PDF](/content/document/figma/export/pdf/index.html)

### Details
- **Headquarters:** San Francisco, United States  
- **CEO:** Dylan Field  
- **Website:** [figma.com](https://www.figma.com/)

### Milestones
- **FOUNDING YEAR:** 2012  
- **IPO:** April 2025  
- **IPO:** July 2025

## Overview
### Revenue
**Figma Data Summary | Sacra**

**Revenue & Revenue Growth Rate**  
**$1.1B**  
↑ 40.2% YoY

### Source: [Sacra](/content/c/figma/index.html)

Updated: Apr 27, 2026

Figma generated **$1.056B** in revenue for 2025, up **41%** from **$749M** in 2024.

Figma only started monetizing with their "Pro" tier in **2017**, with their "Team" plan following in **2019**.

#### Quarterly progression through 2025:
- **Q1** $228.2M (+46% YoY)  
- **Q2** $249.6M (+41% YoY)  
- **Q3** $274.2M (+38% YoY)  
- **Q4** $303.8M (+40% YoY)

Full-year non-GAAP operating income was **$129.5M** (12% margin) and adjusted free cash flow was **$242.7M** (23% margin).

As of December 31, 2025, Figma had **$1.7B** in cash, cash equivalents, and marketable securities.

### Valuation & Funding
**Figma Valuation Summary | Sacra**

**Valuation & Amount Raised**  
**$19.3B**  
↑ $769.5M Total Raised

Updated: Apr 27, 2026

Figma priced its IPO on **July 30, 2025** at **$33.00** per share.

### Valuation & Funding History
| Date     | Event       | Valuation | Amount   | Price    | Status  |  |
| -------- | ----------- | --------- | -------- | -------- | ------- |  |
| Jul 2025 | Direct Sale | —         | $24.5M  | $33.00  | Closed  |  |
| Jul 2025 | Growth      | —         | —       | —       | Announced |  |
| Jul 2024 | Tender Offer| —         | —       | —       | Closed  |  |
| Dec 2023 | Direct Sale | —         | —       | —       | Cancelled |  |

## Product
Figma’s disruption of Sketch and Photoshop followed a similar formula as Google Docs displacing Word and Slack displacing email.

Figma consolidated their victory by tapping into an intolerant minority—designers.

Most of Figma's growth has been through product-led growth. Their freemium model has contributed to their sales efficiency.

As of the S-1 filing, Figma reported more than 13 million monthly active users, with approximately 85% outside the U.S.

### Current enterprise customers include:
- Microsoft  
- Airbnb  
- Square  
- Coinbase  
- Zoom  
- Uber

## Competition
Figma competes with Adobe and its UX design tool XD. Many organizations still use both tools, as organizations will pay for Adobe Creative Cloud and also for Figma, since designers might refuse to use Adobe XD.

Figma replaces Adobe XD or Sketch, becoming a source of truth and a place where product decisions are made.

## TAM Expansion
### Growth Drivers:
1. **Growth of market share:** Figma's share grew significantly from 2018 to 2020 against Sketch and InVision.
2. **Seat expansion:** Products like FigJam have made Figma more accessible and collaborative.
3. **Budget growth:** Companies are reallocating budgets for productivity and collaboration tools post-COVID.
4. **International expansion:** Approximately 85% of Figma’s monthly active users are outside the U.S.
5. **Acquisitions:** Figma has utilized M&A to accelerate entry into adjacent categories.

## News
**July 29, 2026**  
**Figma, Inc. Expected to Report 200% Earnings Growth on August 5**  
Figma anticipates a significant earnings increase based on recent estimate revisions.

**July 24, 2026**  
**Figma's Stock Drops 16.5% Amid AI Competition Concerns**  
Figma's stock falls due to investor worries, despite strong revenue growth.

**July 15, 2026**  
**BofA Reinstates Figma with Buy Rating and $30 Target**  
BofA's reinstatement highlights the company's potential in AI, despite past losses.