Figma (FIG) Company Report

Figma reported strong financial results for Q4 2025, with revenue of $304 million, representing 40% year-over-year growth, and full-year 2025 revenue of $1.056 billion, up 41% year-over-year. The company also achieved a net dollar retention rate of 136% for customers with over $10,000 in ARR and ended the year with $1.7 billion in cash, cash equivalents, and marketable securities.
For Q1 2026, revenue is expected to be between $315 million and $317 million, implying 38% growth at the midpoint, and full-year 2026 revenue is anticipated to be between $1.366 billion and $1.374 billion, implying 30% growth at the midpoint.
Figma is making significant investments in AI-native workflows and product development, with 75% of paid customers spending over $10,000 in ARR now consuming AI credits weekly. These investments are expected to impact operating margins in 2026.
The company expanded its product offerings from four to eight in 2025, launching over 200 features including new AI-native functionality and integrations, such as bringing work from Claude Code directly into Figma. Figma Make is driving cross-platform adoption, with over 80% of its weekly active users on full seats also using Figma Design.

Feb 18, 2026, 10:00 PM

Transcript

Figma Announces Strong Q4 and Full-Year 2025 Results with Robust 2026 Guidance

FIG

Earnings

Guidance Update

New Projects/Investments

Figma reported strong financial performance for Q4 2025, with revenue of $304 million, representing 40% year-over-year growth, and full-year 2025 revenue of $1.056 billion, up 41% year-over-year.
The company demonstrated robust customer expansion, with net dollar retention for customers spending over $10,000 in ARR increasing to 136% and 67 paid customers spending over $1 million in ARR, growing 68% year-over-year.
Figma ended 2025 with a strong balance sheet, holding $1.7 billion in cash, cash equivalents, and marketable securities, and achieved a Q4 non-GAAP operating margin of 14% and adjusted free cash flow margin of 13%.
For 2026, Figma provided revenue guidance of $315 million-$317 million for Q1 and $1.366 billion-$1.374 billion for the full year, indicating continued investment in AI and new product development.
Strategic initiatives include significant expansion of product offerings and AI-native functionality, with 75% of paid customers over $10,000 in ARR now consuming AI credits weekly.

Feb 18, 2026, 10:00 PM

Transcript

Figma Reports Strong Q4 and Full-Year 2025 Results with Significant AI and Product Adoption

FIG

Earnings

Guidance Update

Product Launch

Figma reported strong financial results for Q4 2025, with revenue reaching $304 million, a 40% year-over-year increase, and full-year 2025 revenue at $1.056 billion, up 41% year-over-year.
The company demonstrated robust customer expansion, achieving a net dollar retention rate of 136% for paid customers spending over $10,000 in ARR in Q4 2025, and a 68% year-over-year growth in paid customers spending over $1 million in ARR.
Figma Make saw significant adoption, with weekly active users growing over 70% quarter-over-quarter in Q4 2025, and over 50% of paid customers spending more than $100,000 in ARR using it weekly. The company also acquired Weavy, now Figma Weave, to expand AI image, video, animation, and motion generation capabilities.
For FY 2026, Figma expects non-GAAP operating income to be between $100 million and $110 million, representing an 8% non-GAAP operating margin at the midpoint, reflecting accelerated investment in AI. The company will also shift to monetizing both seats and credits starting in March 2026.

Feb 18, 2026, 10:00 PM

Transcript

Figma Announces Strong Q4 2025 Results and Provides 2026 Guidance

FIG

Earnings

Guidance Update

Revenue Acceleration/Inflection

Figma reported Q4 2025 revenue of $304 million, marking 40% year-over-year growth.
The company achieved a Non-GAAP Operating Margin of 14% and an Adjusted Free Cash Flow Margin of 13% in Q4 2025.
Net Dollar Retention Rate stood at 136% for Paid Customers with more than $10,000 in ARR in Q4 2025.
Figma held $1.7 billion in cash, cash equivalents, and marketable securities as of December 31, 2025.
The company provided Q1 2026 revenue guidance of $315 million to $317 million and full-year 2026 revenue guidance of $1,366 million to $1,374 million.

Feb 18, 2026, 10:00 PM

Presentation

Figma Announces Strong Q4 and Full Year 2025 Financial Results

FIG

Earnings

Guidance Update

Revenue Acceleration/Inflection

Figma reported Q4 2025 revenue of $303.8 million, a 40% year-over-year increase, and Fiscal Year 2025 revenue of $1.056 billion, up 41% year-over-year.
The company achieved Non-GAAP operating income of $44.0 million (14% margin) for Q4 2025 and $129.5 million (12% margin) for FY 2025.
Adjusted Free Cash Flow was $38.5 million (13% margin) in Q4 2025 and $242.7 million (23% margin) for FY 2025.
Figma's Net Dollar Retention Rate rose to 136% as of December 31, 2025, driven by platform and AI adoption.
For Q1 2026, Figma expects revenue between $315.0 million and $317.0 million, and for Full Year 2026, revenue is projected between $1.366 billion and $1.374 billion.

Feb 18, 2026, 9:06 PM

8-K

Figma Announces Strong Q3 2025 Results and Raised Full-Year Guidance

FIG

Earnings

Guidance Update

M&A

Figma reported strong Q3 2025 financial results, with revenue reaching $274 million, a 38% year-over-year increase, and an annualized revenue run rate exceeding $1 billion.
The company saw significant customer expansion, with net dollar retention increasing 2 points to 131% for customers spending over $10,000 in ARR, and 540,000 total paid customers by quarter-end.
Figma continues to prioritize AI investments, with Figma Make driving customer adoption and the acquisition of Weavy enhancing AI-native workflows.
For Q4 2025, revenue is projected to be between $292 million and $294 million, and the full-year 2025 revenue guidance was raised to between $1.044 billion and $1.046 billion, implying 40% year-over-year growth at the midpoint.
Despite strategic investments, Figma maintained profitability, achieving a non-GAAP operating margin of 12% and an adjusted free cash flow margin of 18% in Q3 2025, with $1.6 billion in cash.

Nov 5, 2025, 10:00 PM

Transcript

Figma Reports Strong Q3 2025 Results, Raises Full-Year Guidance, and Highlights AI Investments

FIG

Earnings

Guidance Update

New Projects/Investments

Figma reported Q3 2025 revenue of $274 million, representing 38% year-over-year growth, and achieved an annual revenue run rate of over $1 billion.
The company's net dollar retention increased two percentage points to 131% for the 10K+ customer cohort in Q3 2025.
Figma raised its full-year 2025 revenue outlook to between $1.044 billion and $1.046 billion, implying 40% year-over-year growth at the midpoint, and expects Q4 2025 revenue between $292 million and $294 million.
Significant investments in AI, including Figma Make, are driving growth, with approximately 30% of customers spending $100,000 or more in ARR using Figma Make on a weekly basis by the end of September.
Figma maintained profitability with a non-GAAP operating margin of 12% and an adjusted free cash flow margin of 18% in Q3 2025, ending the quarter with $1.6 billion in cash, cash equivalents, and marketable securities.

Nov 5, 2025, 10:00 PM

Transcript

Figma Announces Q3 2025 Financial Results and Provides Guidance

FIG

Earnings

Guidance Update

Revenue Acceleration/Inflection

Figma reported Q3 2025 revenue of $274 million, representing a 38% year-over-year growth.
For Q3 2025, the company achieved a 12% Non-GAAP Operating Margin and an 18% Adjusted Free Cash Flow Margin.
Net Dollar Retention stood at 131%, and Figma had 12,910 Paid Customers with more than $10,000 in ARR as of Q3 2025.
Figma provided Q4 2025 revenue guidance of $292 million to $294 million and full-year 2025 revenue guidance of $1,044 million to $1,046 million.

Nov 5, 2025, 10:00 PM

Presentation

Figma Reports Strong Q3 2025 Results and Raises Full-Year Guidance

FIG

Earnings

Guidance Update

Product Launch

Figma reported strong Q3 2025 financial results, with revenue of $274 million, representing 38% year-over-year growth, and an annualized revenue run rate exceeding $1 billion.
The company's net dollar retention increased by two percentage points to 131%, and it ended Q3 with 540,000 total paid customers.
Strategic investments in AI and product innovation, including the general availability of Figma Make and the acquisition of Weavy, are driving momentum and customer expansion.
Figma raised its full-year 2025 revenue guidance to between $1.044 billion and $1.046 billion, implying 40% year-over-year growth at the midpoint, and expects full-year operating income between $112 million and $117 million.

Nov 5, 2025, 10:00 PM

Transcript

Figma Announces Strong Q3 2025 Financial Results and Raises Full-Year Guidance

FIG

Earnings

Guidance Update

Revenue Acceleration/Inflection

Figma reported record third-quarter 2025 revenue of $274.2 million, marking a 38% year-over-year increase, and announced it has surpassed a $1 billion annual revenue run rate.
The company posted a GAAP net loss of $(1.1) billion, primarily due to a one-time $975.7 million stock-based compensation expense recognized from its initial public offering, but achieved non-GAAP net income of $62.4 million.
Figma has raised its full-year 2025 revenue guidance to between $1.044 billion and $1.046 billion and anticipates non-GAAP operating income between $112.0 million and $117.0 million.
The company reported a Net Dollar Retention Rate of 131% for customers with Annual Recurring Revenue (ARR) of $10,000 or more as of September 30, 2025, and acquired Weavy to expand its AI-powered media generation and editing capabilities.