Figma (FIG) Financials

$23.20 -1.16 (-4.75%)

Closing price 03:59 PM Eastern

Extended Trading

$23.13 -0.07 (-0.32%)

As of 07:59 PM Eastern

Annual Income Statements for Figma

This table shows Figma's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2023	2024	2025
Period end date	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	286	-732	-1,250
Consolidated Net Income / (Loss)	738	-732	-1,250
Net Income / (Loss) Continuing Operations	738	-732	-1,250
Total Pre-Tax Income	946	-793	-1,226
Total Operating Income	-73	-877	-1,290
Total Gross Profit	460	661	870
Total Revenue	505	749	1,056
Operating Revenue	505	749	1,056
Total Cost of Revenue	45	88	186
Operating Cost of Revenue	45	88	186
Total Operating Expenses	534	1,539	2,161
Selling, General & Admin Expense	168	316	556
Marketing Expense	201	472	576
Research & Development Expense	165	751	1,030
Total Other Income / (Expense), net	1,019	84	65
Other Income / (Expense), net	1,019	84	65
Income Tax Expense	208	-61	25
Net Income / (Loss) Attributable to Noncontrolling Interest	452	0.00	0.00
Basic Earnings per Share	$1.70	($3.74)	($3.71)
Weighted Average Basic Shares Outstanding	168.40M	195.61M	337.04M
Diluted Earnings per Share	$1.62	($3.74)	($3.71)
Weighted Average Diluted Shares Outstanding	187.21M	195.61M	337.04M
Weighted Average Basic & Diluted Shares Outstanding	-	-	521.72M

This table shows Figma's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-828	-16	8.61	0.85	-1,097	-142
Consolidated Net Income / (Loss)	-828	-16	45	28	-1,097	-142
Net Income / (Loss) Continuing Operations	-828	-16	45	28	-1,097	-142
Total Pre-Tax Income	-884	-29	47	39	-1,107	-142
Total Operating Income	-894	-47	40	2.08	-1,137	-137
Total Gross Profit	138	180	209	222	190	265
Total Revenue	177	199	228	250	274	333
Operating Revenue	177	199	228	250	274	333
Total Cost of Revenue	40	19	19	28	84	69
Operating Cost of Revenue	40	19	19	28	84	69
Total Operating Expenses	1,032	227	169	220	1,327	402
Selling, General & Admin Expense	220	44	30	39	371	104
Marketing Expense	276	79	69	98	275	126
Research & Development Expense	536	104	70	83	681	173
Total Other Income / (Expense), net	10	18	7.27	37	29	-4.33
Other Income / (Expense), net	10	18	7.27	37	29	-4.33
Income Tax Expense	-56	-14	2.14	11	-10	0.68
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.00	36	27	0.00	0.00
Basic Earnings per Share	($4.39)	($0.07)	$0.04	$0.00	($2.72)	($0.27)
Weighted Average Basic Shares Outstanding	188.78M	210.77M	214.88M	215.06M	403.21M	523.49M
Diluted Earnings per Share	($4.39)	($0.07)	$0.04	$0.00	($2.72)	($0.27)
Weighted Average Diluted Shares Outstanding	188.78M	210.77M	231.08M	231.70M	403.21M	523.49M
Weighted Average Basic & Diluted Shares Outstanding	-	-	-	489.77M	495.59M	528.38M

This table details how cash moves in and out of Figma's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2023	2024	2025
Period end date	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	990	-784	-77
Net Cash From Operating Activities	1,047	-62	251
Net Cash From Continuing Operating Activities	1,047	-62	251
Net Income / (Loss) Continuing Operations	738	-732	-1,250
Consolidated Net Income / (Loss)	738	-732	-1,250
Depreciation Expense	8.50	7.69	16
Amortization Expense	4.71	-2.24	4.95
Non-Cash Adjustments To Reconcile Net Income	15	935	1,382
Changes in Operating Assets and Liabilities, net	281	-270	98
Net Cash From Investing Activities	-57	-784	-371
Net Cash From Continuing Investing Activities	-57	-784	-371
Purchase of Property, Plant & Equipment	-6.37	-6.50	-8.00
Acquisitions	-0.09	-0.92	-64
Purchase of Investments	-224	-1,323	-1,248
Sale and/or Maturity of Investments	173	547	985
Other Investing Activities, net	-0.20	-0.98	-36
Net Cash From Financing Activities	0.00	62	43
Net Cash From Continuing Financing Activities	0.00	62	43
Repayment of Debt	0.00	0.00	-331
Repurchase of Common Equity	-0.00	-0.86	-7.37
Issuance of Debt	0.00	0.00	331
Issuance of Common Equity	0.00	479	419
Other Financing Activities, net	0.00	-416	-368
Cash Income Taxes Paid	7.04	196	29

This table details how cash moves in and out of Figma's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q4 2024	Q1 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2024	12/31/2024	3/31/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-170	71	139	-281	62	2.32
Net Cash From Operating Activities	62	73	97	51	40	97
Net Cash From Continuing Operating Activities	62	73	97	51	40	97
Net Income / (Loss) Continuing Operations	-16	98	45	-1,097	-227	-142
Consolidated Net Income / (Loss)	-16	98	45	-1,097	-227	-142
Depreciation Expense	1.99	1.58	1.52	4.41	6.05	6.10
Amortization Expense	-1.25	-1.26	-0.14	1.82	2.41	4.04
Non-Cash Adjustments To Reconcile Net Income	89	-22	12	1,133	246	195
Changes in Operating Assets and Liabilities, net	-12	-2.96	39	8.74	12	35
Net Cash From Investing Activities	-211	-63	41	-261	-77	-7.45
Net Cash From Continuing Investing Activities	-211	-63	41	-261	-77	-7.45
Purchase of Property, Plant & Equipment	-1.16	-2.27	-2.60	-2.12	-1.43	-8.70
Purchase of Investments	-416	-250	-239	-489	-233	-263
Sale and/or Maturity of Investments	207	189	283	236	201	264
Other Investing Activities, net	-0.09	-0.20	-0.66	-0.40	-5.25	0.32
Net Cash From Financing Activities	-21	61	0.34	-71	99	-88
Net Cash From Continuing Financing Activities	-21	61	0.34	-71	99	-88
Repayment of Debt	-	-	0.00	-329	-0.41	-0.23
Other Financing Activities, net	-21	1.21	0.34	-467	78	-87
Cash Income Taxes Paid	1.74	0.34	1.49	0.10	22	0.41

This table presents Figma's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2025
Period end date	12/31/2024	12/31/2025
Total Assets	1,793	2,348
Total Current Assets	1,638	2,005
Cash & Equivalents	487	403
Short-Term Investments	971	1,252
Accounts Receivable	131	248
Prepaid Expenses	49	85
Other Current Assets	0.00	16
Plant, Property, & Equipment, net	15	20
Total Noncurrent Assets	140	324
Goodwill	11	101
Intangible Assets	2.51	19
Other Noncurrent Operating Assets	126	203
Total Liabilities & Shareholders' Equity	1,793	2,348
Total Liabilities	469	838
Total Current Liabilities	447	776
Accounts Payable	4.16	4.50
Accrued Expenses	31	67
Current Deferred Revenue	381	595
Current Employee Benefit Liabilities	19	107
Other Current Liabilities	11	2.63
Total Noncurrent Liabilities	22	61
Other Noncurrent Operating Liabilities	22	61
Commitments & Contingencies	0.00	0.00
Total Equity & Noncontrolling Interests	1,324	1,511
Total Preferred & Common Equity	1,324	1,511
Preferred Stock	329	0.00
Total Common Equity	995	1,511
Common Stock	1,186	2,950
Retained Earnings	-193	-1,443
Accumulated Other Comprehensive Income / (Loss)	1.31	4.00

This table presents Figma's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2025	Q3 2025	Q1 2026
Period end date	6/30/2025	9/30/2025	3/31/2026
Total Assets	2,035	2,073	2,291
Total Current Assets	1,808	1,844	1,936
Cash & Equivalents	622	340	406
Short-Term Investments	972	1,237	1,233
Accounts Receivable	125	156	188
Prepaid Expenses	60	80	94
Other Current Assets	30	30	16
Plant, Property, & Equipment, net	17	18	31
Total Noncurrent Assets	210	212	323
Goodwill	25	25	101
Intangible Assets	13	16	13
Other Noncurrent Operating Assets	172	171	209
Total Liabilities & Shareholders' Equity	2,035	2,073	2,291
Total Liabilities	607	685	834
Total Current Liabilities	547	622	774
Accounts Payable	12	13	8.93
Accrued Expenses	53	52	82
Current Deferred Revenue	-	-	628
Current Employee Benefit Liabilities	39	79	53
Other Current Liabilities	9.40	4.68	2.54
Total Noncurrent Liabilities	61	62	59
Other Noncurrent Operating Liabilities	61	62	59
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,427	1,389	1,457
Total Preferred & Common Equity	1,427	1,389	1,457
Preferred Stock	329	0.00	0.00
Total Common Equity	1,098	1,389	1,457
Common Stock	1,215	2,602	3,043
Retained Earnings	-120	-1,217	-1,586
Accumulated Other Comprehensive Income / (Loss)	2.50	3.43	-0.17

This table displays calculated financial ratios and metrics derived from Figma's official financial filings.

Metric	2023	2024	2025
Period end date	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-
Revenue Growth	0.00%	48.36%	40.96%
EBITDA Growth	0.00%	-182.12%	-53.01%
EBIT Growth	0.00%	-183.84%	-54.54%
NOPAT Growth	0.00%	-971.95%	-47.07%
Net Income Growth	0.00%	-199.22%	-70.80%
EPS Growth	0.00%	-330.86%	0.80%
Operating Cash Flow Growth	0.00%	-105.89%	506.18%
Free Cash Flow Firm Growth	0.00%	0.00%	-85.63%
Invested Capital Growth	0.00%	0.00%	-8.61%
Revenue Q/Q Growth	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-
Gross Margin	91.19%	88.32%	82.43%
EBITDA Margin	189.97%	-105.15%	-114.14%
Operating Margin	-14.55%	-117.15%	-122.23%
EBIT Margin	187.36%	-105.88%	-116.09%
Profit (Net Income) Margin	146.14%	-97.74%	-118.44%
Tax Burden Percent	78.00%	92.31%	102.03%
Interest Burden Percent	100.00%	100.00%	100.00%
Effective Tax Rate	22.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%
Return on Equity (ROE)	0.00%	-55.29%	-88.23%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	0.00%	-44.23%	-59.19%
Return on Assets (ROA)	0.00%	-40.83%	-60.39%
Return on Common Equity (ROCE)	0.00%	-41.54%	-77.97%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-57	-614	-903
NOPAT Margin	-11.35%	-82.00%	-85.56%
Net Nonoperating Expense Percent (NNEP)	0.00%	-16.18%	-22.30%
Return On Investment Capital (ROIC_SIMPLE)	-	-46.39%	-59.80%
Cost of Revenue to Revenue	8.81%	11.68%	17.57%
SG&A Expenses to Revenue	33.21%	42.15%	52.62%
R&D to Revenue	32.64%	100.28%	97.53%
Operating Expenses to Revenue	105.74%	205.46%	204.65%
Earnings before Interest and Taxes (EBIT)	946	-793	-1,226
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	959	-788	-1,205
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.00	1.23	8.34
Price to Tangible Book Value (P/TBV)	0.00	1.24	9.06
Price to Revenue (P/Rev)	2.41	1.63	11.93
Price to Earnings (P/E)	4.26	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	23.45%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.12	10.36
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	43.64
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00
Financial Leverage	0.00	-1.10	-1.10
Leverage Ratio	0.00	1.35	1.46
Compound Leverage Factor	0.00	1.35	1.46
Debt to Total Capital	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	24.88%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	75.12%	100.00%
Debt to EBITDA	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00
Altman Z-Score	0.00	1.16	7.52
Noncontrolling Interest Sharing Ratio	0.00%	24.88%	11.62%
Liquidity Ratios	-	-	-
Current Ratio	0.00	3.66	2.58
Quick Ratio	0.00	3.56	2.45
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-480	-892
Operating Cash Flow to CapEx	16,449.41%	-949.35%	3,134.69%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	0.00	0.42	0.51
Accounts Receivable Turnover	0.00	5.70	5.57
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	0.00	49.88	60.31
Accounts Payable Turnover	0.00	21.02	42.82
Days Sales Outstanding (DSO)	0.00	63.99	65.55
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	17.36	8.52
Cash Conversion Cycle (CCC)	0.00	46.63	57.03
Capital & Investment Metrics	-	-	-
Invested Capital	0.00	-134	-145
Invested Capital Turnover	0.00	-11.20	-7.57
Increase / (Decrease) in Invested Capital	0.00	-134	-12
Enterprise Value (EV)	0.00	91	10,939
Market Capitalization	1,219	1,219	12,595
Book Value per Share	$0.00	$5.08	$3.05
Tangible Book Value per Share	$0.00	$5.01	$2.81
Total Capital	0.00	1,324	1,511
Total Debt	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00
Net Debt	0.00	-1,458	-1,656
Capital Expenditures (CapEx)	6.37	6.50	8.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-267	-427
Debt-free Net Working Capital (DFNWC)	0.00	1,191	1,229
Net Working Capital (NWC)	0.00	1,191	1,229
Net Nonoperating Expense (NNE)	-795	118	347
Net Nonoperating Obligations (NNO)	0.00	-1,458	-1,656
Total Depreciation and Amortization (D&A)	13	5.45	21
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-35.62%	-40.48%
Debt-free Net Working Capital to Revenue	0.00%	159.02%	116.37%
Net Working Capital to Revenue	0.00%	159.02%	116.37%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($3.71)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	337.04M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($3.71)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	337.04M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	521.72M
Normalized Net Operating Profit after Tax (NOPAT)	-57	-614	-903
Normalized NOPAT Margin	-11.35%	-82.00%	-85.56%
Pre Tax Income Margin	187.36%	-105.88%	-116.09%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	-0.12%	-0.59%

This table displays calculated financial ratios and metrics derived from Figma's official financial filings.

Metric	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
DEI Shares Outstanding	-	-	0.00	-	-	521,716,108.00
DEI Adjusted Shares Outstanding	-	-	0.00	-	-	521,716,108.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	0.00	-	-	-0.27
Growth Metrics	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	0.00%	40.88%	38.03%	46.12%
EBITDA Growth	0.00%	0.00%	0.00%	104.42%	-3,737.88%	-371.86%
EBIT Growth	0.00%	0.00%	0.00%	104.42%	-3,663.59%	-401.39%
NOPAT Growth	0.00%	0.00%	0.00%	100.24%	-2,301.51%	-353.51%
Net Income Growth	0.00%	0.00%	0.00%	103.41%	-6,933.05%	-417.28%
EPS Growth	0.00%	0.00%	0.00%	100.00%	-3,785.71%	-775.00%
Operating Cash Flow Growth	0.00%	0.00%	0.00%	0.00%	-16.91%	0.13%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Revenue Q/Q Growth	0.00%	12.10%	0.00%	0.00%	9.83%	0.00%
EBITDA Q/Q Growth	0.00%	96.75%	0.00%	0.00%	-2,919.79%	0.00%
EBIT Q/Q Growth	0.00%	96.67%	0.00%	0.00%	-2,935.75%	0.00%
NOPAT Q/Q Growth	0.00%	94.71%	0.00%	0.00%	-53,133.21%	0.00%
Net Income Q/Q Growth	0.00%	98.12%	0.00%	0.00%	-3,986.40%	0.00%
EPS Q/Q Growth	0.00%	98.41%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	32.95%	0.00%	0.00%	143.97%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-461.96%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-13.78%	0.00%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	77.68%	90.58%	91.48%	88.83%	69.40%	79.41%
EBITDA Margin	-498.96%	-14.45%	21.21%	15.64%	-401.66%	-39.46%
Operating Margin	-504.68%	-23.83%	17.42%	0.83%	-414.62%	-41.21%
EBIT Margin	-498.96%	-14.81%	20.61%	15.64%	-403.93%	-42.50%
Profit (Net Income) Margin	-467.19%	-7.85%	19.67%	11.31%	-400.12%	-42.71%
Tax Burden Percent	93.63%	53.01%	95.45%	72.28%	99.06%	100.48%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	0.00%	4.55%	27.72%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	0.00%	0.00%	0.00%	0.00%	0.00%	-98.68%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	0.00%	0.00%	0.00%	0.00%	0.00%	-21.54%
Return on Assets (ROA)	0.00%	0.00%	0.00%	0.00%	0.00%	-21.64%
Return on Common Equity (ROCE)	0.00%	0.00%	0.00%	0.00%	0.00%	-98.68%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-626	-33	38	1.50	-796	-96
NOPAT Margin	-353.28%	-16.68%	16.63%	0.60%	-290.24%	-28.84%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	3.35%	-38.20%	-5.64%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	0.11%	-57.31%	-6.60%
Cost of Revenue to Revenue	22.32%	9.42%	8.52%	11.17%	30.60%	20.59%
SG&A Expenses to Revenue	124.16%	22.05%	13.25%	15.59%	135.47%	31.08%
R&D to Revenue	302.30%	52.45%	30.64%	33.27%	248.34%	51.88%
Operating Expenses to Revenue	582.36%	114.41%	74.06%	88.00%	484.03%	120.61%
Earnings before Interest and Taxes (EBIT)	-884	-29	47	39	-1,107	-142
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-884	-29	48	39	-1,101	-132
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	1.11	15.06	7.60
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	1.15	15.52	8.24
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.00	0.00	9.53
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	8.12
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	37.59
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.00	0.00	0.00	-1.12	-1.14	-1.12
Leverage Ratio	0.00	0.00	0.00	1.43	1.49	1.57
Compound Leverage Factor	0.00	0.00	0.00	1.43	1.49	1.57
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	23.08%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	0.00%	0.00%	76.92%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	0.00	0.00	0.00	0.00	0.00	7.91
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	0.00	0.00	0.00	3.31	2.96	2.50
Quick Ratio	0.00	0.00	0.00	3.14	2.78	2.36
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	0.00	0.00	168	-607	85
Operating Cash Flow to CapEx	0.00%	5,331.08%	3,744.78%	0.00%	2,417.91%	1,118.48%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.51
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	6.16
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	37.47
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	26.29
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	59.21
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	13.88
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	0.00	45.33
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	0.00	0.00	0.00	-166	-189	-182
Invested Capital Turnover	0.00	0.00	0.00	0.00	0.00	-12.79
Increase / (Decrease) in Invested Capital	0.00	0.00	0.00	-166	-189	-182
Enterprise Value (EV)	0.00	0.00	0.00	-45	19,337	9,428
Market Capitalization	1,219	1,219	1,219	1,219	20,915	11,066
Book Value per Share	$0.00	$0.00	$0.00	$5.10	$2.84	$2.79
Tangible Book Value per Share	$0.00	$0.00	$0.00	$4.93	$2.75	$2.57
Total Capital	0.00	0.00	0.00	1,427	1,389	1,457
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	0.00	0.00	0.00	-1,593	-1,578	-1,638
Capital Expenditures (CapEx)	0.00	1.16	2.60	0.00	2.12	8.70
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	0.00	0.00	-332	-356	-477
Debt-free Net Working Capital (DFNWC)	0.00	0.00	0.00	1,262	1,221	1,162
Net Working Capital (NWC)	0.00	0.00	0.00	1,262	1,221	1,162
Net Nonoperating Expense (NNE)	202	-18	-6.94	-27	301	46
Net Nonoperating Obligations (NNO)	0.00	0.00	0.00	-1,593	-1,578	-1,638
Total Depreciation and Amortization (D&A)	0.00	0.73	1.38	0.00	6.24	10
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	-41.04%
Debt-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	100.08%
Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	100.08%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	($2.72)	($0.27)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	215.06M	403.21M	523.49M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	($2.72)	($0.27)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	231.70M	403.21M	523.49M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	489.77M	495.59M	528.38M
Normalized Net Operating Profit after Tax (NOPAT)	-626	-33	38	1.50	-796	-96
Normalized NOPAT Margin	-353.28%	-16.68%	16.63%	0.60%	-290.24%	-28.84%
Pre Tax Income Margin	-498.96%	-14.81%	20.61%	15.64%	-403.93%	-42.50%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

Here are the key takeaways from Figma, Inc. (FIG) quarterly statements provided for the last four years. The focus is on trends in cash flow, income, and the balance sheet that could impact a retail investor.

Revenue has trended higher over the period, rising from about $177.2 million in 2024 Q2 to roughly $274.2 million in 2025 Q3, indicating a continued top‑line expansion.
Operating cash flow has been positive in multiple quarters, including about $73.1 million in 2024 Q4, $51.2 million in 2025 Q3, and about $39.9 million in 2025 Q4, showing ongoing cash generation from core operations.
Liquidity remained strong, with cash and short‑term investments totaling about $1.58 billion as of 2025 Q3 (cash around $340 million and short‑term investments about $1.24 billion), and similar liquidity observed in prior quarters.
Financing activity contributed to liquidity in several periods, highlighted by a material equity issuance in 2025 Q3 (~$393.1 million) and a net positive financing cash flow in 2025 Q4 (~$99.0 million).
Net income is negative in most quarters, with a notable large loss of about $1.10 billion in 2025 Q3, underscoring ongoing profitability challenges despite top‑line growth.
R&D and other operating expenses remain a dominant cost, with 2025 Q3 R&D expense around $680.9 million and total operating expenses about $1.33 billion, contributing to operating losses.
Investing activities produced negative cash flows across periods (e.g., about $260.9 million of investing outflows in 2025 Q3 and sizable outlays in prior quarters), reflecting ongoing investment in growth initiatives and acquisitions.
Debt repayments were substantial in some periods (e.g., about $329.3 million in 2025 Q3), which reduces cash available for other uses and can pressure near‑term liquidity.
Net change in cash swung negative in certain quarters (e.g., a cash decline of about $281.2 million in 2025 Q3), despite positive operating cash flow in some periods, indicating episodic cash outflows from investing and financing activities.
Earnings per share remained materially negative in several quarters (for example, basic and diluted EPS of about −$2.72 in 2025 Q3), reflecting ongoing dilution and losses for shareholders.

05/19/26 06:44 PM ETAI Generated. May Contain Errors.

Figma Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Figma's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Figma's net income appears to be on an upward trend, with a most recent value of -$1.25 billion in 2025, falling from $737.84 million in 2023. The previous period was -$732.12 million in 2024. See Figma's forecast for analyst expectations on what's next for the company.

Figma's total operating income in 2025 was -$1.29 billion, based on the following breakdown:

Total Gross Profit: $870.26 million
Total Operating Expenses: $2.16 billion

Over the last 2 years, Figma's total revenue changed from $504.87 million in 2023 to $1.06 billion in 2025, a change of 109.1%.

Figma's total liabilities were at $837.57 million at the end of 2025, a 78.5% increase from 2024, and a 78.5% increase since 2024.

In the past 1 years, Figma's cash and equivalents has ranged from $403.47 million in 2025 to $486.95 million in 2024, and is currently $403.47 million as of their latest financial filing in 2025.

Over the last 2 years, Figma's book value per share changed from 0.00 in 2023 to 3.05 in 2025, a change of 304.8%.

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Financial statements for NYSE:FIG last updated on 5/18/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Figma (FIG) Financials

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Figma (FIG) Financials

Annual Income Statements for Figma

Quarterly Income Statements for Figma

Annual Cash Flow Statements for Figma

Quarterly Cash Flow Statements for Figma

Annual Balance Sheets for Figma

Quarterly Balance Sheets for Figma

Annual Metrics And Ratios for Figma

Quarterly Metrics And Ratios for Figma

Financials Breakdown Chart

Key Financial Trends

Figma Financials - Frequently Asked Questions

When does Figma's fiscal year end?

How has Figma's net income changed over the last 2 years?

What is Figma's operating income?

How has Figma's revenue changed over the last 2 years?

How much debt does Figma have?

How much cash does Figma have?

How has Figma's book value per share changed over the last 2 years?

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