Figma
FIG · NYSEServices-Prepackaged Software · Fiscal year ends Dec 31
Figma reported revenue of $1.1B in the fiscal year ended Dec 2025, up 41.0% from the year before. Operating income was −$1.3B, an operating margin of −122.2%, and net income was −$1.3B. Operating cash flow of $251M less capital expenditure of $4M left free cash flow of $246M.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|
| Revenue | $505M | $749M | $1.1B |
| Cost of revenue | $45M | $88M | $186M |
| Gross profit | $460M | $661M | $870M |
| Research & development | $165M | $751M | $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 |
| Diluted EPS | 1.62 | −3.74 | −3.71 |
| Diluted shares | 187M | 196M | 337M |
Balance sheet
| Fiscal year | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|
| Cash & equivalents | $1.3B | $487M | $403M |
| Receivables | – | $131M | $248M |
| Current assets | – | $1.6B | $2B |
| Net PP&E | – | $15M | $20M |
| Goodwill | $11M | $11M | $101M |
| Total assets | – | $1.8B | $2.3B |
| Payables | – | $4M | $5M |
| Deferred revenue | $254M | $381M | $595M |
| Current liabilities | – | $447M | $776M |
| Total liabilities | – | $469M | $838M |
| Shareholders' equity | $1B | $1.3B | $1.5B |
| Backlog (remaining obligations) | – | – | $648M |
Cash flow
| Fiscal year | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|
| Operating cash flow | $1B | −$62M | $251M |
| Capital expenditure | $4M | $2M | $4M |
| Free cash flow | $1B | −$64M | $246M |
| Depreciation & amortisation | $8M | $8M | $16M |
| Stock-based compensation | $3M | $948M | $1.4B |
| Acquisitions | $0 | $0 | $58M |
| Share buybacks | $2,000 | $861,000 | $0 |
Key ratios
| Fiscal year | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|
| Revenue growth (YoY) | – | 48.4% | 41.0% |
| EPS growth (YoY) | – | −330.9% | – |
| Gross margin | 91.2% | 88.3% | 82.4% |
| Operating margin | −14.5% | −117.1% | −122.2% |
| Net margin | 146.1% | −97.7% | −118.4% |
| Return on equityBlank when equity is negative | 70.7% | −55.3% | −82.8% |
| ROCEEBIT ÷ (assets − current liabilities) | – | −65.2% | −82.1% |
| Free cash flow margin | 206.7% | −8.5% | 23.3% |
| Cash conversion (CFO ÷ net income) | 1.42x | 0.08x | −0.20x |
| Receivable days | – | 64 | 86 |
| Payable days | – | 17 | 9 |
| Current ratio | – | 3.66x | 2.58x |
Recent filings
More in Services-Prepackaged Software
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.