Company intelligence
The collaborative design platform that went public in 2025 after walking away from Adobe's $20B.
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Figma is a design software company, based in San Francisco, California, USA.
| Date | Event | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| Jul 31, 2025 | ipo | — | $18.8B | CNBC |
Figma used its Config event in India to launch Specs, expand code layers to public beta and add deeper MCP support, saying its platform now produces 17 times more code than before but only 1.3 times more releases.
Figma shares fell as much as 16.5% after Q2 revenue beat estimates at $370M but rising AI infrastructure costs and the departure of two senior executives overshadowed a raised full-year outlook.
Figma is the rare company that turned a broken $20B acquisition into a stronger independent outcome — walked from Adobe, then IPO'd on its own terms with $1B+ revenue and 136% NDR. The post-IPO drift below its debut price is the real lesson: even great businesses get repriced when public markets stop paying private-round multiples. Figma's next act is proving its multi-product expansion (Dev Mode, Make, Sites) compounds faster than AI design tools can commoditize the core.
Figma sells seat-based SaaS across Starter, Professional, Organization, and Enterprise tiers, spanning a multi-product platform: Figma Design, FigJam (whiteboarding), Dev Mode (design-to-code), Slides, and newer Make/Sites/Buzz products. Growth comes from landing teams and expanding across an organization — reflected in a 136% net dollar retention rate.
Crossing $1.056B in FY2025 revenue (+41% YoY) with that retention is what made the public-market debut credible. The strategic question now is whether Figma's multi-product expansion outruns AI-design newcomers and Adobe's renewed competition.
Profile sources (verified 2026-06-28): Figma — FY2025 financial results · StockAnalysis.com — FIG
Figma reported $1.056 billion in FY2025 revenue, up 41% year over year, with a 136% net dollar retention rate. FY2026 guidance is roughly $1.37 billion.
Through seat-based SaaS subscriptions across Starter, Professional, Organization, and Enterprise tiers, spanning Figma Design, FigJam, Dev Mode, Slides, and newer products — with growth driven by expansion within organizations.
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.
