Figma Inc
NYSE:FIG
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Figma Inc
Figma Inc is a US-based company operating in Software industry. Figma, Inc. designs and develops platforms for people who build digital products together. The firm helps cross-functional teams align and build software more efficiently and ensure the advanced access and controls that large organizations require. Its products include Figma Design, Dev Mode, Figma Sites, Figma Make, Figma Draw, Figma Buzz, FigJam and Figma Slides. Figma Sites is a product that lets clients design a Website and directly publish it to the Web, with a custom URL. Figma Make is an AI-powered tool that turns a prompt into a fully functional prototype. Figma Buzz is a product for easily creating marketing assets (like social media assets and digital ads) at a scale that is consistent with brand or visual identity. Figma Draw provides a space for finer vector editing required when drawing detailed iconography and product illustrations. Figma Design combines powerful features with a collaborative workspace to help teams design and build better products together.
Figma Inc is a US-based company operating in Software industry. Figma, Inc. designs and develops platforms for people who build digital products together. The firm helps cross-functional teams align and build software more efficiently and ensure the advanced access and controls that large organizations require. Its products include Figma Design, Dev Mode, Figma Sites, Figma Make, Figma Draw, Figma Buzz, FigJam and Figma Slides. Figma Sites is a product that lets clients design a Website and directly publish it to the Web, with a custom URL. Figma Make is an AI-powered tool that turns a prompt into a fully functional prototype. Figma Buzz is a product for easily creating marketing assets (like social media assets and digital ads) at a scale that is consistent with brand or visual identity. Figma Draw provides a space for finer vector editing required when drawing detailed iconography and product illustrations. Figma Design combines powerful features with a collaborative workspace to help teams design and build better products together.
Record Revenue: Figma reported Q3 revenue of $274 million, growing 38% year-over-year and surpassing its previous guidance.
Annual Run Rate: The company crossed $1 billion in annual revenue run rate for the first time.
Strong Customer Growth: Figma ended Q3 with 540,000 total paid customers, adding over 90,000 paid teams in just two quarters.
AI Product Momentum: Adoption of AI-driven features like Figma Make accelerated, with 30% of $100,000+ ARR customers using Make weekly by quarter-end.
Net Dollar Retention: Net dollar retention rose 2 points to 131% for larger customers, indicating strong expansion within accounts.
Raised Guidance: Management increased its revenue outlook for Q4 and FY 2025, now expecting $292–294 million in Q4 and $1.044–1.046 billion for the year.
Profitability Maintained: Despite investing in AI and growth, Figma posted a 12% operating margin and an 18% adjusted free cash flow margin.
Strategic Acquisition: Figma acquired Weavy (now Figma Weave) to bolster its AI and creative workflows.