NYSE : FIG
Figma, Inc. — Financial statements
Technology · Software - Application · United States
Last price 21.65 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 11.54B
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Financial statements
Figma, Inc. (FIG) reported revenue of 1.28B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | 1.28B | 1.06B | 749.01M | 504.87M |
| Cost of Revenue | 267.32M | 185.53M | 87.51M | 44.50M |
| Gross Profit | 1.01B | 870.26M | 661.50M | 460.37M |
| Selling, General & Admin | 1.38B | 1.13B | 787.81M | 273.26M |
| Research & Development | 1.21B | 1.03B | 751.12M | 164.77M |
| Operating Expenses | 2.60B | 2.16B | 1.54B | 438.03M |
| Operating Income | -1.58B | -1.29B | -877.43M | 22.34M |
| Interest & Investment Income | 60.50M | 62.20M | 63.70M | 19.85M |
| Other Non Operating Income (Expenses) | -1.98M | 3.41M | -3.10M | -514.00K |
| EBT Excluding Unusual Items | -1.53B | -1.22B | -816.84M | 41.68M |
| Merger & Restructuring Charges | -95.80M | |||
| Gain (Loss) on Sale of Investments | -34.67M | -797.00K | 23.77M | |
| Other Unusual Items | 1.00B | |||
| Pretax Income | -1.56B | -1.23B | -793.07M | 945.92M |
| Income Tax Expense | 15.01M | 24.82M | -60.95M | 208.08M |
| Net Income | -1.58B | -1.25B | -732.12M | 737.84M |
| Net Income to Common | -1.53B | -1.25B | -732.12M | 737.84M |
| Shares Outstanding (Basic) | 492.33M | 337.04M | 195.61M | 168.40M |
| Shares Outstanding (Diluted) | 492.33M | 337.04M | 195.61M | 187.21M |
| EPS (Basic) | -3.10 | -3.71 | -3.74 | 4.38 |
| EPS (Diluted) | -3.10 | -3.71 | -3.74 | 1.62 |
| Free Cash Flow | 232.31M | 246.24M | -63.69M | 1.04B |
| Free Cash Flow Per Share | 0.47 | 0.73 | -0.33 | 5.58 |
| Gross Margin | 79.14% | 82.43% | 88.32% | 91.19% |
| Operating Margin | -123.66% | -122.23% | -117.15% | 4.43% |
| Profit Margin | -119.14% | -118.44% | -97.75% | 146.14% |
| Free Cash Flow Margin | 18.13% | 23.32% | -8.50% | 206.70% |
| EBITDA | -1.56B | -1.27B | -869.74M | 30.84M |
| EBITDA Margin | -122.03% | -120.75% | -116.12% | 6.11% |
| D&A For EBITDA | 20.79M | 15.59M | 7.69M | 8.50M |
| EBIT | -1.58B | -1.29B | -877.43M | 22.34M |
| EBIT Margin | -123.66% | -122.23% | -117.15% | 4.43% |
| Effective Tax Rate | 22.00% | |||
| Advertising Expenses | 21.80M | 19.90M | 15.80M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Cash & Equivalents | 445.85M | 403.47M | 486.95M | 1.27B |
| Short-Term Investments | 1.22B | 1.25B | 970.88M | 148.97M |
| Cash & Short-Term Investments | 1.67B | 1.66B | 1.46B | 1.42B |
| Receivables | 190.88M | 247.91M | 131.31M | 90.09M |
| Prepaid Expenses | 102.41M | 61.07M | 30.97M | 17.46M |
| Other Current Assets | 15.82M | 39.77M | 17.90M | 10.90M |
| Total Current Assets | 1.98B | 2.00B | 1.64B | 1.54B |
| Property, Plant & Equipment | 84.94M | 64.61M | 43.82M | 21.21M |
| Long-Term Investments | 17.80M | 13.00M | ||
| Goodwill | 101.40M | 101.40M | 11.40M | 11.40M |
| Other Intangible Assets | 29.07M | 31.88M | 2.51M | 7.22M |
| Long-Term Deferred Charges | 41.00M | 31.00M | 18.70M | |
| Other Long-Term Assets | 141.03M | 91.62M | 66.39M | 5.79M |
| Total Assets | 2.35B | 2.35B | 1.79B | 1.60B |
| Accounts Payable | 26.15M | 4.50M | 4.16M | 3.69M |
| Accrued Expenses | 145.09M | 119.78M | 28.94M | 18.43M |
| Current Portion of Leases | 8.66M | 2.63M | 10.94M | 12.46M |
| Current Income Taxes Payable | 787.00K | 511.00K | 190.71M | |
| Current Unearned Revenue | 626.78M | 595.33M | 381.36M | 253.63M |
| Other Current Liabilities | 53.07M | 21.05M | 66.13M | |
| Total Current Liabilities | 806.68M | 776.11M | 446.96M | 545.05M |
| Long-Term Leases | 59.09M | 55.84M | 17.83M | 2.14M |
| Other Long-Term Liabilities | 7.60M | 5.62M | 4.30M | 11.57M |
| Total Liabilities | 873.37M | 837.57M | 469.10M | 558.77M |
| Common Stock | 4.00K | 4.00K | 1.00K | |
| Additional Paid-In Capital | 3.18B | 2.95B | 1.19B | 170.63M |
| Retained Earnings | -1.70B | -1.44B | -192.91M | 540.07M |
| Comprehensive Income & Other | -2.57M | 4.00M | 1.31M | 265.00K |
| Total Common Equity | 1.48B | 1.51B | 994.61M | 710.96M |
| Shareholders' Equity | 1.48B | 1.51B | 1.32B | 1.04B |
| Total Liabilities & Equity | 2.35B | 2.35B | 1.79B | 1.60B |
| Total Debt | 67.75M | 58.48M | 28.77M | 14.60M |
| Net Cash (Debt) | 1.60B | 1.60B | 1.43B | 1.40B |
| Net Cash Per Share | 3.25 | 4.74 | 7.31 | 7.50 |
| Filing Date Shares Outstanding | 533.01M | 521.72M | 214.91M | 168.40M |
| Total Common Shares Outstanding | 530.57M | 513.04M | 214.91M | 168.40M |
| Working Capital | 1.17B | 1.23B | 1.19B | 992.55M |
| Book Value Per Share | 2.79 | 2.94 | 4.63 | 4.22 |
| Tangible Book Value | 1.35B | 1.38B | 980.70M | 692.35M |
| Tangible Book Value Per Share | 2.54 | 2.68 | 4.56 | 4.11 |
| Machinery | 13.55M | 12.40M | 11.08M | 10.42M |
| Construction In Progress | 16.42M | 1.43M | ||
| Leasehold Improvements | 5.92M | 5.49M | 5.27M | 5.20M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Net Income | -1.58B | -1.25B | -732.12M | 737.84M |
| Depreciation & Amortization | 20.79M | 15.59M | 7.69M | 8.50M |
| Other Amortization | 24.68M | 20.89M | 14.82M | 8.67M |
| Loss (Gain) From Sale of Investments | 22.98M | -15.14M | -41.24M | -3.96M |
| Stock-Based Compensation | 1.67B | 1.36B | 947.55M | 2.70M |
| Other Operating Activities | 25.10M | 17.47M | 11.54M | 12.58M |
| Change in Accounts Receivable | -66.91M | -117.72M | -42.67M | -39.58M |
| Change in Accounts Payable | 14.01M | 154.00K | 525.00K | -2.67M |
| Change in Unearned Revenue | 193.64M | 213.97M | 127.73M | 92.09M |
| Change in Other Net Operating Assets | -80.09M | 1.80M | -355.55M | 231.17M |
| Operating Cash Flow | 249.25M | 250.68M | -61.72M | 1.05B |
| Capital Expenditures | -16.94M | -4.44M | -1.98M | -3.74M |
| Sale of Property, Plant & Equipment | 15.00M | 15.00M | ||
| Cash Acquisitions | -37.34M | -58.34M | ||
| Sale (Purchase) of Intangibles | -11.02M | -8.80M | -5.44M | -2.72M |
| Investment in Securities | -280.41M | -263.37M | -775.85M | -50.69M |
| Other Investing Activities | -20.83M | -51.46M | -982.00K | -196.00K |
| Investing Cash Flow | -351.54M | -371.41M | -784.26M | -57.34M |
| Short-Term Debt Issued | 330.50M | |||
| Total Debt Issued | 330.50M | 330.50M | ||
| Short-Term Debt Repaid | -330.50M | |||
| Total Debt Repaid | -330.50M | -330.50M | ||
| Issuance of Common Stock | 590.99M | 551.12M | 481.36M | 2.00K |
| Repurchase of Common Stock | -661.46M | -499.81M | -418.91M | -2.00K |
| Other Financing Activities | -3.24M | -7.97M | ||
| Financing Cash Flow | -73.70M | 43.34M | 62.45M | |
| Net Cash Flow | -175.99M | -77.39M | -783.52M | 990.00M |
| Free Cash Flow | 232.31M | 246.24M | -63.69M | 1.04B |
| Free Cash Flow Margin | 18.13% | 23.32% | -8.50% | 206.70% |
| Free Cash Flow Per Share | 0.47 | 0.73 | -0.33 | 5.58 |
| Levered Free Cash Flow | 866.97M | 750.51M | 256.12M | |
| Unlevered Free Cash Flow | 866.97M | 750.51M | 256.12M | |
| Cash Income Tax Paid | 25.45M | 28.64M | 195.76M | 7.04M |
| Change in Working Capital | 60.64M | 98.20M | -269.96M | 281.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Market Capitalization | 11.69B | 18.52B | ||
| Enterprise Value | 10.09B | 17.00B | ||
| Last Close Price | 21.65 | 37.37 | ||
| Forward PE | 77.03 | 165.87 | ||
| PS Ratio | 9.01 | 17.54 | ||
| PB Ratio | 7.77 | 12.26 | ||
| P/TBV Ratio | 8.56 | 13.45 | ||
| P/FCF Ratio | 49.67 | 75.21 | ||
| P/OCF Ratio | 46.30 | 73.88 | ||
| EV/Sales Ratio | 7.76 | 16.11 | ||
| EV/FCF Ratio | 42.79 | 69.06 | ||
| Debt / Equity Ratio | 0.05 | 0.04 | 0.02 | 0.01 |
| Debt / EBITDA Ratio | 0.31 | |||
| Debt / FCF Ratio | 0.29 | 0.24 | 0.01 | |
| Net Debt / Equity Ratio | -1.08 | -1.06 | -1.08 | -1.35 |
| Net Debt / EBITDA Ratio | 1.02 | 1.25 | 1.64 | -45.54 |
| Net Debt / FCF Ratio | -6.88 | -6.49 | 22.44 | -1.35 |
| Asset Turnover | 0.58 | 0.51 | 0.44 | |
| Quick Ratio | 2.30 | 2.45 | 3.56 | 2.77 |
| Current Ratio | 2.45 | 2.58 | 3.67 | 2.82 |
| Return on Equity (ROE) | -108.64% | -88.23% | -61.86% | |
| Return on Assets (ROA) | -45.16% | -38.95% | -32.30% | |
| Return on Capital Employed (ROCE) | -102.60% | -82.10% | -65.20% | 2.10% |
| Earnings Yield | -14.14% | -6.75% | ||
| FCF Yield | 2.01% | 1.33% | ||
| Buyback Yield / Dilution | -122.32% | -72.30% | -4.49% |