Figma (FIG) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 30, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FIG SEC filings page.
Figma, Inc. (FIG) reported $1.3B in revenue over the twelve months to Jun 30, 2026. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Figma is scaling revenue, but expense growth keeps its core operation deeply loss-making while reported cash flow turned positive in FY2025.
FY2025 operating cash flow of$250.7M and free cash flow of$246.2M were positive despite a net loss; both cash measures had been negative in FY2024. That divergence means reported earnings and cash generation are measuring materially different economics, with non-cash or accounting items materially shaping the reported loss.
Revenue grew
Liabilities expanded
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Figma, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Figma, Inc.'s reported operating margin for fiscal year 2025 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 17/100.
Figma, Inc.'s revenue surged 41.0% year-over-year to $1.1B, reflecting rapid business expansion. This strong growth earns a score of 93/100.
With a current ratio of 2.58, Figma, Inc. holds $2.58 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 72/100.
Figma, Inc. converts 23.3% of revenue into free cash flow ($246.2M). This strong cash generation earns a score of 98/100.
Figma, Inc. posts a -82.8% return on equity (ROE), meaning it loses $83 for every $100 of shareholders' equity. This results in a returns score of 30/100. This is down from -55.3% the prior year.
Figma, Inc. scores 6.67, well above the 2.99 safe threshold. The largest contribution to the score comes from a market capitalization of $11.5B against total liabilities of $837.6M. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Figma, Inc. passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 operating efficiency signals passes.
Figma, Inc. reported a net loss of $1.3B while generating $250.7M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Figma, Inc. generated $370.1M in revenue in Q2 2026. This represents an increase of 48.2% from the same quarter a year earlier. Against the prior quarter it is up 11.0%.
Figma, Inc.'s EBITDA was -$113.1M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 2088.1% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Figma, Inc. reported a net loss of $112.2M in Q2 2026. This represents a decrease of 497.3% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Figma, Inc. earned -$0.21 per diluted share (EPS) in Q2 2026. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Cash & Balance Sheet
Figma, Inc. generated $54.2M in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 11.6% from the same quarter a year earlier. Against the prior quarter it is down 39.4%.
Figma, Inc. held $445.8M in cash as of Q2 2026; no long-term debt figure is on record for that period.
Not reported for Q2 2026.
Margins & Returns
Figma, Inc.'s gross margin was 83.7% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 5.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.2 percentage points.
Figma, Inc.'s operating margin was -31.7% in Q2 2026, reflecting core business profitability. This is down 32.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 9.5 percentage points.
Figma, Inc.'s net profit margin was -30.3% in Q2 2026, showing the share of revenue converted to profit. This is down 41.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 12.4 percentage points.
Figma, Inc.'s quarterly ROE was -7.6% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is down 9.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.2 percentage points.
Capital Allocation
Figma, Inc. invested $167.3M in research and development in Q2 2026. This represents an increase of 101.5% from the same quarter a year earlier. Against the prior quarter it is down 3.3%.
Figma, Inc. invested $6.7M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 489.8% from the same quarter a year earlier. Against the prior quarter it is down 14.4%.
Not reported for Q2 2026.
FIG Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $370.1M+48.2% | $333.4M+46.1% | $303.8M | $274.2M+38.0% | $249.6M+40.9% | $228.2M | N/A | $198.6M |
| Cost of Revenue | $60.5M+116.8% | $68.7M+253.0% | $54.3M | $83.9M+348.5% | $27.9M-29.5% | $19.5M | N/A | $18.7M |
| Gross Profit | $309.6M+39.6% | $264.8M+26.8% | $249.5M | $190.3M+5.8% | $221.8M+61.1% | $208.7M | N/A | $179.9M |
| R&D Expenses | $167.3M+101.5% | $173.0M+147.4% | $195.8M | $680.9M+553.6% | $83.1M-84.5% | $69.9M | N/A | $104.2M |
| SG&A Expenses | $259.6M+90.0% | $229.2M+131.3% | $249.1M | $646.2M+425.0% | $136.6M-72.5% | $99.1M | N/A | $123.1M |
| Operating Income | -$117.3M-5749.8% | -$137.4M-445.7% | -$195.5M | -$1.1Bn/m | $2.1Mn/m | $39.7M | N/A | -$47.3M |
| EBITDA | -$113.1M-2088.1% | -$131.3M-418.2% | -$189.5M | -$1.1Bn/m | $5.7M | $41.3M | N/A | -$45.4M |
| Income Tax | $2.5M-77.1% | $678K-68.3% | $22.3M | -$10.5Mn/m | $10.8Mn/m | $2.1M | N/A | -$13.8M |
| Net Income | -$112.2M-497.3% | -$142.4M-417.3% | -$226.6M | -$1.1Bn/m | $28.2Mn/m | $44.9M | N/A | -$15.6M |
| EPS (Basic) | -$0.21 | -$0.27 | -$0.03-104.8% | -$2.72 | $0.00n/m | $0.04 | $0.63 | -$0.07 |
| EPS (Diluted) | -$0.21 | -$0.27 | -$0.03-104.8% | -$2.72 | $0.00n/m | $0.04 | $0.63 | -$0.07 |
| Diluted Shares (Avg) | 527M | 523M | N/A | 403M | 232M+22.7% | 231M | N/A | 211M |
Not reported in any period shown, so not listed: Interest Expense.
FIG Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.4B+15.6% | $2.3B | $2.3B+31.0% | $2.1B | $2.0B | N/A | $1.8B | N/A |
| Current Assets | $2.0B+9.3% | $1.9B | $2.0B+22.4% | $1.8B | $1.8B | N/A | $1.6B | N/A |
| Cash & Equivalents | $445.8M-28.3% | $405.7M-34.4% | $403.5M-17.1% | $340.5M-18.2% | $621.6M+6.1% | $618.6M | $487.0M | $416.1M |
| Short-Term Investments | $1.2B+25.7% | $1.2Bn/m | $1.3B+29.0% | $1.2Bn/m | $971.7Mn/m | $0 | $970.9M | $0 |
| Accounts Receivable | $190.9M+53.0% | $188.4M | $247.9M+88.8% | $156.0M | $124.7M | N/A | $131.3M | N/A |
| Long-Term Investments | $576.7M+33.6% | $631.6Mn/m | $599.1M+69.7% | $592.4Mn/m | $431.6Mn/m | $0 | $352.9M | $0 |
| Goodwill | $101.4M+313.2% | $101.4M | $101.4M+789.6% | $24.5M | $24.5M | N/A | $11.4M | N/A |
| Total Liabilities | $873.4M+43.8% | $833.8M | $837.6M+78.5% | $684.7M | $607.4M | N/A | $469.1M | N/A |
| Current Liabilities | $806.7M+47.6% | $774.5M | $776.1M+73.6% | $622.5M | $546.6M | N/A | $447.0M | N/A |
| Non-Current Liabilities | $66.7M+9.5% | $59.4M | $61.5M+177.6% | $62.2M | $60.9M | N/A | $22.1M | N/A |
| Total Equity | $1.5B+3.6% | $1.5B+6.3% | $1.5B+14.1% | $1.4B+18.8% | $1.4B+65.5% | $1.4B | $1.3B | $1.2B |
| Retained Earnings | -$1.7Bn/m | -$1.6B | -$1.4Bn/m | -$1.2B | -$119.8M | N/A | -$192.9M | N/A |
Not reported in any period shown, so not listed: Inventory, Long-Term Debt.
FIG Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $60.9M-2.5% | $97.3M+0.1% | $39.9M-45.4% | $51.2M-16.9% | $62.5M | $97.2M | $73.1M | $61.6M |
| Depreciation & Amortization | $4.2M+17.0% | $6.1M+300.9% | $6.0M+283.3% | $4.4M+122.3% | $3.6M | $1.5M | $1.6M | $2.0M |
| Stock-Based Compensation | $147.6M+1918.5% | $169.0M+85685.8% | N/A | N/A | $7.3M | $197K | N/A | N/A |
| Capital Expenditures | $6.7M+489.8% | $7.8M+793.8% | $734K+10.9% | $1.7M+312.1% | $1.1M | $874K | $662K | $413K |
| Free Cash Flow | $54.2M-11.6% | $89.5M-7.1% | $39.2M-45.9% | $49.5M-19.1% | $61.3M | $96.3M | $72.4M | $61.2M |
| Investing Cash Flow | -$6.3Mn/m | -$7.4M-118.1% | -$77.0Mn/m | -$260.9Mn/m | -$74.8M | $41.3M | -$63.5M | -$210.9M |
| Financing Cash Flow | -$13.7M-188.8% | -$87.5M-25921.8% | $99.0M+61.7% | -$71.5Mn/m | $15.4M | $339K | $61.2M | -$20.7M |
| Dividends Paid | N/A | N/A | $0 | $0 | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | $0n/m | $0n/m | N/A | N/A | $0 | $0 |
FIG Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 83.7%-5.2pp | 79.4%-12.1pp | 82.1% | 69.4%-21.2pp | 88.8%+11.1pp | 91.5% | N/A | 90.6% |
| Operating Margin | -31.7%-32.5pp | -41.2%-58.6pp | -64.4% | -414.6% | 0.8% | 17.4% | N/A | -23.8% |
| Net Margin | -30.3%-41.6pp | -42.7%-62.4pp | -74.6% | -400.1% | 11.3% | 19.7% | N/A | -7.8% |
| Return on Equity | -7.6%-9.6pp | -9.8%-13.1pp | -15.0% | -79.0%-77.7pp | 2.0%+98.0pp | 3.3% | N/A | -1.3% |
| Return on Assets | -4.8%-6.2pp | -6.2% | -9.7% | -52.9% | 1.4% | N/A | N/A | N/A |
| Current Ratio | 2.45-0.9x | 2.50 | 2.58-1.1x | 2.96 | 3.31 | N/A | 3.66 | N/A |
| Liabilities-to-Equity | 0.59+0.2x | 0.57 | 0.55+0.2x | 0.49 | 0.43 | N/A | 0.35 | N/A |
| Asset Turnover | 0.160.0x | 0.15 | 0.13 | 0.13 | 0.12 | N/A | N/A | N/A |
| FCF Margin | 14.6%-9.9pp | 26.8%-15.4pp | 12.9% | 18.0%-12.8pp | 24.6% | 42.2% | N/A | 30.8% |
Not reported in any period shown, so not listed: Debt-to-Equity.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Figma, Inc. FIG | FY2025 | $1.1B | -$1.3B | N/A | $11.5B | 62/100 |
| Paycom Software, Inc. PAYC | FY2025 | $2.1B | $453.4M | 22.1% | $11.9B | 62/100 |
| HubSpot, Inc. HUBS | FY2025 | $3.1B | $45.9M | 1.5% | $11.7B | 55/100 |
| JFrog Ltd. FROG | FY2025 | $531.8M | -$71.8M | -13.5% | $11.6B | 70/100 |
| Grab Holdings Limited GRAB | FY2025 | $3.4B | $268.0M | 8.0% | $11.1B | 56/100 |
| Chime Financial, Inc. CHYM | FY2025 | $2.2B | -$1.0B | -46.2% | $10.6B | 51/100 |
Where Figma, Inc. Ranks
Frequently Asked Questions
Figma, Inc. (FIG) reported $1.1B in total revenue for fiscal year 2025. This represents a 41.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Figma, Inc. (FIG) revenue grew by 41.0% year-over-year, from $749.0M to $1.1B in fiscal year 2025.
No, Figma, Inc. (FIG) reported a net loss of $1.6B over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net loss of $1.3B.
Figma, Inc. (FIG) had EBITDA of -$1.3B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
Figma, Inc. (FIG) had a gross margin of 82.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
Figma, Inc. (FIG) has a return on equity of -82.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
Figma, Inc. (FIG) generated $246.2M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
Figma, Inc. (FIG) generated $250.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
Figma, Inc. (FIG) had $2.3B in total assets as of fiscal year 2025, including both current and long-term assets.
Figma, Inc. (FIG) invested $4.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Figma, Inc. (FIG) invested $1.0B in research and development during fiscal year 2025.
Figma, Inc. (FIG) had a current ratio of 2.58 as of fiscal year 2025, which is generally considered healthy.
Figma, Inc. (FIG) had a liabilities-to-equity ratio of 0.55 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
Figma, Inc. (FIG) had a return on assets of -53.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Figma, Inc. (FIG) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $11.5B as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Figma, Inc. (FIG) trades at 9.0x sales, its market capitalization divided by $1.3B revenue, trailing 12 months to June 30, 2026. The market capitalization is $11.5B as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Figma, Inc. (FIG) has an Altman Z-Score of 6.67, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
Figma, Inc. (FIG) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Figma, Inc. (FIG) reported a net loss of $1.3B while generating $250.7M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Figma, Inc. (FIG) scores 62 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.