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Figma, Inc. 10-Q Filings

FIG NYSE

Every 10-Q that Figma, Inc. (FIG) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow FIG and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FIG filings page.

Rhea-AI Summary

Figma, Inc. reported strong top-line growth but a swing to loss for the quarter ended June 30, 2026. Revenue was $370,083 (in thousands), up from $249,640 (in thousands) a year earlier, with gross profit of $309,611 (in thousands). Key customer metrics remained robust, with 15,964 paid customers above $10,000 in annual recurring revenue and 1,635 above $100,000, and a Net Dollar Retention Rate of 136%.

Heavy stock-based compensation drove a sharp increase in operating expenses. Income from operations moved to a loss of $117,289 (in thousands) from income of $2,076 (in thousands), and net income shifted to a loss of $112,152 (in thousands) versus income of $28,227 (in thousands). On a non-GAAP basis, operating income was $36,093 (in thousands), a 10% margin.

Figma closed the quarter with substantial liquidity: total cash, cash equivalents and marketable securities were $1,667,138 (in thousands), including a Bitcoin exchange traded fund of $49,343 (in thousands), and no borrowings under a $500,000 (in thousands) revolving credit facility. Deferred revenue was $626,783 (in thousands), remaining performance obligations were $687.0 million, and Free Cash Flow was $53,210 (in thousands), a 14% margin. Management highlights that ongoing AI investments and AI credit-based usage models are increasing costs and may pressure margins.

Rhea-AI Summary

Figma, Inc. reported strong top-line growth but a sharp swing into loss for the quarter ended March 31, 2026. Revenue rose to $333.4 million from $228.2 million, driven by more large customers and a Net Dollar Retention Rate of 139%. However, heavy stock-based compensation of $169.0 million, higher AI-related infrastructure spending, and expanded headcount pushed operating margin to -41%, resulting in a net loss of $142.4 million versus prior-year profit of $44.9 million.

On a non-GAAP basis, Figma generated operating income of $52.1 million, a 16% margin, and Free Cash Flow of $88.6 million with a 27% margin. The company ended the quarter with $1.64 billion in cash, cash equivalents, and marketable securities, no borrowings under a $500.0 million revolver, and continued to invest heavily in AI features and a growing product portfolio.

Rhea-AI Summary

Figma, Inc. (FIG) reported strong top-line growth alongside a one-time IPO-related expense swing. Q3 revenue reached $274,173,000, up from $198,639,000 a year ago, with gross profit of $190,289,000. Operating expenses surged to $1,327,069,000, driving an operating loss of $1,136,780,000 and a net loss of $1,097,015,000, largely reflecting a cumulative stock-based compensation expense recognized in connection with the August IPO.

The company completed its IPO at $33.00 per share, issuing 12.5 million Class A shares for net proceeds of $393,100,000, while selling stockholders sold 30.0 million shares from which Figma received no proceeds. All convertible preferred shares converted into 246.0 million Class A shares at closing.

Deferred revenue was $473,567,000, and remaining performance obligations totaled $517.2 million, most to be recognized over the twelve months following September 30, 2025. Liquidity remained robust with $1,577,533,000 in cash, cash equivalents, and marketable securities, plus $30,320,000 in digital assets. Figma also established a $500,000,000 revolving credit facility, drew $330,500,000 for RSU tax obligations, and repaid it with IPO proceeds.

Rhea-AI Summary

Figma, Inc. reports interim results and disclosures ahead of and around its August 1, 2025 IPO. The company completed an IPO that sold 12,472,657 Class A shares at $33.00 per share, yielding approximately $393.1 million of net proceeds, while selling stockholders sold 30,004,984 shares.

Key balance sheet and liquidity items include $7.0 million of deferred offering costs as of June 30, 2025 and a new $500.0 million revolving credit facility (matures June 27, 2030) with $500.0 million available and no outstanding borrowings as of June 30, 2025. Remaining performance obligations were $448.8 million, largely to be recognized within 12 months.