Figma, Inc.
For the period ended Dec 31, 2025. Filed Feb 18, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 18, 2026
FIG$18.81+2.0%Stored close · as of Nov 6, 2026
Contents
Consolidated Statementsof Operations
(In thousands, except per share amounts)
| Year Ended December 31, | |||||
|---|---|---|---|---|---|
| 2025 · 2024 · 2023 | |||||
| Revenue | $1,055,788 | $749,011 | $504,874 | ||
| Cost of revenue(1) | 185,527 | 87,514 | 44,500 | ||
| Gross profit | 870,261 | 661,497 | 460,374 | ||
| Operating expenses(1): | |||||
| Research and development | 1,029,700 | 751,120 | 164,774 | ||
| Sales and marketing | 575,508 | 472,076 | 201,377 | ||
| General and administrative | 555,510 | 315,734 | 167,679 | ||
| Total operating expenses | 2,160,718 | 1,538,930 | 533,830 | ||
| Loss from operations | (1,290,457) | (877,433) | (73,456) | ||
| Other income, net | 64,815 | 84,362 | 1,019,375 | ||
| Income (loss) before income taxes | (1,225,642) | (793,071) | 945,919 | ||
| Provision for (benefit from) income taxes | 24,821 | (60,951) | 208,078 | ||
| Net income (loss) | $(1,250,463) | $(732,120) | $737,841 | ||
| Less: net income attributable to participating securities | — | — | (451,982) | ||
| Net income (loss) attributable to common stockholders | $(1,250,463) | $(732,120) | $285,859 | ||
| Net income (loss) per share, basic and diluted: | |||||
| Net income (loss) per share, basic | $(3.71) | $(3.74) | $1.70 | ||
| Net income (loss) per share, diluted | $(3.71) | $(3.74) | $1.62 | ||
| Weighted-average shares outstanding used in computing net income (loss) per share attributable to common stockholders, basic | 337,044 | 195,612 | 168,399 | ||
| Weighted-average shares outstanding used in computing net income (loss) per share attributable to common stockholders, diluted | 337,044 | 195,612 | 187,207 | ||
(1) Includes stock-based compensation, net of amounts capitalized, as follows:
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 · 2024 · 2023 | |||
| Cost of revenue | $50,979 | $27,893 | $37 |
| Research and development | 697,676 | 511,259 | 1,890 |
| Sales and marketing | 218,823 | 206,830 | 253 |
| General and administrative | 396,655 | 201,571 | 523 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.