Figma, Inc.

FIG 10-K · FY 2025

FIG FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Revenue (FY) — — —
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Non Us 564,240 389,605 +44.8%
US 491,548 359,406 +36.8%
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Revenue 1,055,788 749,011 +41.0%
Cost of Revenue (FY) — — —
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Cost of Revenue 185,527 87,514 +112.0%
Gross Profit (FY) — — —
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Gross Profit 870,261 661,497 +31.6%
Research & Development (FY) — — —
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Research & Development 1,029,700 751,120 +37.1%
Sales & Marketing (FY) — — —
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Sales & Marketing 575,508 472,076 +21.9%
General & Administrative (FY) — — —
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General & Administrative 555,510 315,734 +75.9%
Operating Expenses (FY) — — —
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Operating Expenses 2,160,718 1,538,930 +40.4%
Operating Income (FY) — — —
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Operating Income -1,290,457 -877,433 -47.1%
Non-Operating Income (Expense) (FY) — — —
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Non-Operating Income (Expense) 64,815 84,362 -23.2%
Income Before Taxes (FY) — — —
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Income Before Taxes -1,225,642 -793,071 -54.5%
Income Tax Expense (Benefit) (FY) — — —
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Income Tax Expense (Benefit) 24,821 -60,951 +140.7%
Net Income (FY) — — —
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Retained Earnings -1,250,463 -732,120 -70.8%
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Net Income -1,250,463 -732,120 -70.8%
Net Income Loss Available To Common Stockholders Basic (FY) — — —
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Net Income Loss Available To Common Stockholders Basic -1,250,463 -732,120 -70.8%
EPS (Basic) (FY) — — —
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EPS (Basic) -3.71 -3.74 +0.8%
EPS (Diluted) (FY) — — —
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EPS (Diluted) -3.71 -3.74 +0.8%
Wtd Avg Shares (Basic) (FY) — — —
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Wtd Avg Shares (Basic) 337,044 195,612 +72.3%
Wtd Avg Shares (Diluted) (FY) — — —
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Wtd Avg Shares (Diluted) 337,044 195,612 +72.3%
Comprehensive Income (FY) — — —
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Comprehensive Income -1,247,774 -731,071 -70.7%
Other Comprehensive Income (FY) — — —
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Accumulated Other Comprehensive Income 2,689 1,049 +156.3%
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Other Comprehensive Income 2,689 1,049 +156.3%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash & Cash Equivalents (Q) — — —
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Cash & Cash Equivalents 403,469 486,954 -17.1%
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Cash And Cash Equivalents · Cash 318,304 398,910 -20.2%
Cash And Cash Equivalents · Money Market Funds 9,543 1,865 +411.7%
Crypto Asset Fair Value Current (Q) — — —
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Fair Value Inputs Level1 · USDC 15,575 — —
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Crypto Asset Fair Value Current 15,575 — —
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USDC 15.6 — —
Marketable Securities (Current) (Q) — — —
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Fair Value Inputs Level1 73,689 78,791 -6.5%
Fair Value Inputs Level1 · Exchange Traded Funds 73,689 78,791 -6.5%
Fair Value Inputs Level2 1,178,785 892,092 +32.1%
Fair Value Inputs Level2 · Commercial Paper 123,517 190,155 -35.0%
Fair Value Inputs Level2 · Corporate Bond Securities 446,155 228,953 +94.9%
Fair Value Inputs Level2 · US Government Agencies Debt Securities 93,754 101,060 -7.2%
Fair Value Inputs Level2 · US Treasury Securities 515,359 371,924 +38.6%
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Commercial Paper 123,517 190,155 -35.0%
Corporate Bond Securities 446,155 228,953 +94.9%
Exchange Traded Funds 73,689 78,791 -6.5%
US Government Agencies Debt Securities 93,754 101,060 -7.2%
US Treasury Securities 515,359 371,924 +38.6%
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Marketable Securities (Current) 1,252,474 970,883 +29.0%
Accounts Receivable (Q) — — —
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Accounts Receivable 247,915 131,315 +88.8%
Prepaid Expenses & Other Current Assets (Q) — — —
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Prepaid Expenses & Other Current Assets 85,267 48,873 +74.5%
Total Current Assets (Q) — — —
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Total Current Assets 2,004,700 1,638,025 +22.4%
Non-Current Assets
Property, Plant & Equipment (Q) — — —
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Property, Plant & Equipment 19,996 15,017 +33.2%
Intangible Assets (Q) — — —
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Intangible Assets 19,083 2,511 +660.0%
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Customer Relationships 649 — —
Developed Technology Rights 17,823 1,506 +1083.5%
Employment Contracts 460 701 -34.4%
Licenses, domain names and other 151 304 -50.3%
Crypto Asset Fair Value Noncurrent (Q) — — —
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Fair Value Inputs Level1 · Bitcoin 15,116 — —
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Crypto Asset Fair Value Noncurrent 15,116 — —
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Bitcoin 15.1 — —
Goodwill (Q) — — —
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Goodwill 101,396 11,398 +789.6%
Operating Lease Right-of-Use Assets (Q) — — —
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Operating Lease Right-of-Use Assets 57,411 28,806 +99.3%
Restricted Cash Noncurrent (Q) — — —
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Restricted Cash Noncurrent 9,799 3,631 +169.9%
Other Non-Current Assets (Q) — — —
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Other Non-Current Assets 120,706 93,760 +28.7%
Total Assets (Q) — — —
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Total Assets 2,348,207 1,793,148 +31.0%
Current Liabilities
Accounts Payable (Q) — — —
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Accounts Payable 4,502 4,163 +8.1%
Accrued Liabilities (Q) — — —
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Accrued Liabilities 66,535 31,119 +113.8%
Employee Related Liabilities Current (Q) — — —
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Employee Related Liabilities Current 107,105 19,377 +452.7%
Operating Lease Liability Current (Q) — — —
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Operating Lease Liability Current 2,630 10,937 -76.0%
Deferred Revenue (Current) (Q) — — —
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Deferred Revenue (Current) 595,334 381,363 +56.1%
Total Current Liabilities (Q) — — —
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Total Current Liabilities 776,106 446,959 +73.6%
Non-Current Liabilities
Operating Lease Liabilities (Q) — — —
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Operating Lease Liabilities 55,845 17,833 +213.2%
Other Non-Current Liabilities (Q) — — —
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Other Non-Current Liabilities 5,615 4,303 +30.5%
Total Liabilities (Q) — — —
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Total Liabilities 837,566 469,095 +78.5%
Stockholders' Equity
Common Stock (Q) — — —
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Common Class A 4 1 +300.0%
Additional Paid-In Capital (Q) — — —
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Additional Paid-In Capital 2,950,007 1,186,207 +148.7%
Accumulated Other Comprehensive Income (Q) — — —
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Accumulated Other Comprehensive Income 4,003 1,314 +204.6%
Retained Earnings (Q) — — —
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Retained Earnings -1,443,373 -192,910 -648.2%
Total Stockholders' Equity (Q) — — —
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Accumulated Other Comprehensive Income 4,003 1,314 +204.6%
Additional Paid In Capital 2,950,007 1,186,207 +148.7%
Common Stock 4 1 +300.0%
Retained Earnings -1,443,373 -192,910 -648.2%
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Total Stockholders' Equity 1,510,641 1,324,053 +14.1%
Total Liabilities & Equity (Q) — — —
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Total Liabilities & Equity 2,348,207 1,793,148 +31.0%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Depreciation & Amortization (FY) — — —
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Depreciation & Amortization 15,594 7,691 +102.8%
Operating Lease Right Of Use Asset Amortization Expense (FY) — — —
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Operating Lease Right Of Use Asset Amortization Expense 17,984 14,130 +27.3%
Stock-Based Compensation (FY) — — —
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Stock-Based Compensation 1,364,133 947,553 +44.0%
Amortization Of Deferred Sales Commissions (FY) — — —
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Amortization Of Deferred Sales Commissions 20,886 14,820 +40.9%
Accretion Amortization Of Discounts And Premiums Investments (FY) — — —
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Accretion Amortization Of Discounts And Premiums Investments -15,935 -17,059 +6.6%
Equity Securities Fv Ni Unrealized Gain Loss (FY) — — —
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Exchange Traded Funds 5.1 -23.8 +121.4%
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Equity Securities Fv Ni Unrealized Gain Loss 797 -24,177 +103.3%
Other Non-Cash Items (FY) — — —
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Other Non-Cash Items -517 -2,590 +80.0%
Change in Accounts Receivable (FY) — — —
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Change in Accounts Receivable -117,721 -42,668 -175.9%
Change in Prepaid & Other Assets (FY) — — —
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Change in Prepaid & Other Assets -35,867 -20,567 -74.4%
Increase Decrease In Other Operating Assets (FY) — — —
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Increase Decrease In Other Operating Assets -36,212 -86,632 +58.2%
Change in Accounts Payable (FY) — — —
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Change in Accounts Payable 154 525 -70.7%
Increase Decrease In Accrued Liabilities And Other Operating Liabilities (FY) — — —
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Increase Decrease In Accrued Liabilities And Other Operating Liabilities 2,186 -252,530 +100.9%
Increase Decrease In Employee Related Liabilities (FY) — — —
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Increase Decrease In Employee Related Liabilities 77,007 11,447 +572.7%
Change in Deferred Revenue (FY) — — —
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Change in Deferred Revenue 213,971 127,728 +67.5%
Change in Other Liabilities (FY) — — —
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Change in Other Liabilities -5,316 -7,268 +26.9%
Net Cash from Operations (FY) — — —
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Net Cash from Operations 250,681 -61,717 +506.2%
Deferred Income Taxes (FY) — — —
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Deferred Income Taxes -2,143 -1,170 -83.2%
Investing Activities
Payments To Acquire Intangible Assets (FY) — — —
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Payments To Acquire Intangible Assets -5,244 -920 -470.0%
Capital Expenditures (FY) — — —
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Capital Expenditures -4,444 -1,977 -124.8%
Payments To Develop Software (FY) — — —
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Payments To Develop Software -3,553 -4,524 +21.5%
Payments To Acquire Businesses Net Of Cash Acquired (FY) — — —
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Payments To Acquire Businesses Net Of Cash Acquired -58,343 — —
Payments To Acquire Marketable Securities (FY) — — —
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Payments To Acquire Marketable Securities -1,248,095 -1,323,305 +5.7%
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities (FY) — — —
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Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities 839,537 447,562 +87.6%
Proceeds From Sale Of Available For Sale Securities Debt (FY) — — —
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Proceeds From Sale Of Available For Sale Securities Debt 145,189 99,889 +45.4%
Proceeds From Disposal Crypto Asset (FY) — — —
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Proceeds From Disposal Crypto Asset 15,000 — —
Payment For Acquisition Crypto Asset (FY) — — —
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Payment For Acquisition Crypto Asset -45,000 — —
Other Investing Activities (FY) — — —
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Other Investing Activities -6,460 -982 -557.8%
Net Cash from Investing (FY) — — —
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Net Cash from Investing -371,413 -784,257 +52.6%
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount (FY) — — —
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Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount 3,378 2,874 +17.5%
Business Combination Consideration Transferred Equity Interests Issued And Issuable (FY) — — —
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Business Combination Consideration Transferred Equity Interests Issued And Issuable 32,653 — —
Conversion Of Stock Amount Converted1 (FY) — — —
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Conversion Of Stock Amount Converted1 329,441 — —
Reclassification Of Deferred Offering Costs To Additional Paid In Capital Upon Initial Public Offering (FY) — — —
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Reclassification Of Deferred Offering Costs To Additional Paid In Capital Upon Initial Public Offering 10,825 — —
Financing Activities
Payments Of Stock Issuance Costs (FY) — — —
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Payments Of Stock Issuance Costs -7,371 — —
Debt Issuance Costs (FY) — — —
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Debt Issuance Costs -1,400 — —
Proceeds From Stock Options Exercised (FY) — — —
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Proceeds From Stock Options Exercised 131,661 2,394 +5399.6%
Proceeds From Stock Plans (FY) — — —
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Proceeds From Stock Plans 26,382 — —
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2025 Employee Stock Purchase Plan · Common Class A 25.9 — —
Proceeds From Lines Of Credit (FY) — — —
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Proceeds From Lines Of Credit 330,500 — —
Repayments Of Lines Of Credit (FY) — — —
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Repayments Of Lines Of Credit -330,500 — —
Proceeds From Issuance Initial Public Offering (FY) — — —
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Proceeds From Issuance Initial Public Offering 393,076 — —
Tax Withholding for Share Compensation (FY) — — —
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Tax Withholding for Share Compensation -499,807 -418,051 -19.6%
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2025 Employee Stock Purchase Plan -5.1 — —
Proceeds From Payments For Other Financing Activities (FY) — — —
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Proceeds From Payments For Other Financing Activities 797 — —
Net Cash from Financing (FY) — — —
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Net Cash from Financing 43,338 62,450 -30.6%
Supplemental
Income Tax Paid Federal After Refund Received (FY) — — —
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Income Tax Paid Federal After Refund Received 3,890 — —
Income Tax Paid State And Local After Refund Received (FY) — — —
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Income Tax Paid State And Local After Refund Received -672 — —
Income Tax Paid Foreign After Refund Received (FY) — — —
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Foreign Tax Jurisdiction Other 921 — —
IL 24,500 — —
Income Taxes Paid (FY) — — —
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Income Taxes Paid 28,639 — —
Operating Lease Payments (FY) — — —
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Operating Lease Payments 16,884 15,088 +11.9%
Right Of Use Asset Obtained In Exchange For Operating Lease Liability (FY) — — —
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Right Of Use Asset Obtained In Exchange For Operating Lease Liability 42,321 27,727 +52.6%
Other Cash Flow
Net Change in Cash (FY) — — —
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Net Change in Cash -77,394 -783,524 +90.1%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents (Q) — — —
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 413,191 490,585 -15.8%
Restricted Cash And Cash Equivalents (Q) — — —
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Restricted Cash And Cash Equivalents 9,722 3,631 +167.7%

Values in thousands USD. Source: SEC EDGAR 10-K filing.

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