Growth & profitability
- Revenue has grown 44.6% per year over the past 2 years.
- Operating margin has contracted, at -122.2% in the latest year.
- Free cash flow has declined 51.4% per year over the past 2 years.
FIG Financials Figma, Inc.
3 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $1.1B | -$1.3B | 82.4% | -122.2% | $246M | — | $403M |
| 2024 | $749M | -$732M | 88.3% | -117.1% | -$64M | — | $487M |
| 2023 | $505M | $738M | 91.2% | -14.5% | $1.0B | — | $1.3B |
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $333M | -$142M | 79.4% | -41.2% | $89M | — | $406M |
| Dec '25 | $304M | -$227M | 82.1% | -64.4% | $39M | — | $403M |
| Sep '25 | $274M | -$1.1B | 69.4% | -414.6% | $49M | — | $340M |
| Jun '25 | $250M | $28M | 88.8% | 0.8% | — | — | $622M |
| Mar '25 | $228M | $45M | 91.5% | 17.4% | $96M | — | $619M |
| Dec '24 | $217M | $98M | 92.4% | 23.8% | $72M | — | $487M |
| Sep '24 | $199M | -$16M | 90.6% | -23.8% | $61M | — | $416M |
| Jun '24 | $177M | -$828M | 77.7% | -504.7% | — | — | $586M |
Valuation over time
How the market has priced FIG against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has fallen from 16.2× (Jan '24) to 15.2× (Dec '24).
- The price-to-sales ratio has fallen from 23.7× (Jan '24) to 8.3× (Jun '26).
P/E
P/S
Frequently asked questions
Is FIG growing its revenue and profit?
Over the past 2 years, Figma, Inc.'s revenue has grown 44.6% per year. These are computed facts, not advice.
How much debt does FIG have?
As of FY2025, Figma, Inc. reported — of total debt against $403M of cash.
What is FIG's profit margin?
In FY2025, gross margin was 82.4%, operating margin -122.2%, and net margin -118.4%.
What is FIG's P/E ratio?
As of Jun '26, Figma, Inc. traded at a price-to-earnings ratio of about 15.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.