Figma, Inc.

FIGUS

Figma, Inc. develops and sells a collaborative, browser-based platform for designing, prototyping, building digital experiences, and subscriptions for access to its platform. The company offers Figma Design, a collaborative design tool for teams that explore ideas and gather feedback, build realistic prototypes, and streamline product development with design systems; Dev Mode to inspect designs and translate them into code without changing the design file; FigJam to define ideas, align decisions, and move work forward—all in one place; and Figma Slides, a presentation tool built for designers and their teams. It also provides Figma Draw to create expressive designs with illustration tools; Figma Buzz, which publishes brand templates to create social media assets, display ads, one-pagers, and others; Figma Sites to design, prototype, and publish; Payload CMS is an open-source, headless content management system and application framework acquired by Figma; Figma Make, an AI tool to design and prompt way to a functional prototype; Figma Weave for AI-powered media generation and editing. The company was incorporated in 2012 and is headquartered in San Francisco, California.

Founded2012IPO year2025As of2026-08-04
Market Cap
$13.09B
Enterprise Value
$11.51B
EV / LTM Revenue
10.9x
EV / NTM Revenue
7.1x
Trading multiples

Enterprise value over trailing (LTM) vs. forward (NTM) fundamentals. Click an LTM cell to chart it.

LTM
trailing
NTM
forward
Revenue
7.1x
Gross Profit
8.9x
EBITDA
Classification
Sector
Application Software
Sub-sector
Design, Creative & Content Software
Listing
FIG
Country
US
Historical valuation & fundamentals

EV / LTM Revenue

Annual financials & analyst forecasts

$MCY2024CY2025CY2026ECY2027E
Revenue YoY41%36%23%
Revenue$749M$1.06B$1.44B$1.76B
Gross Profit$661M$870M
Gross Profit Margin88.3%82.4%
EBITDA($789M)($1.21B)($479M)($587M)
EBITDA Margin-105.3%-114.6%-33.3%-33.3%
EBIT($877M)($1.29B)($479M)($587M)
Net Income($732M)($1.31B)$149M$184M
Free Cash Flow$243M
FCF Margin23.1%
Short-Term Debt$11M$3M
Long-Term Debt$0M$56M
Cash & Cash Equivalents$401M$403M
Net Debt($390M)($345M)
Net Debt / EBITDA
Rule of 4064.0%
Figures in $M. True calendar years (Jan–Dec) built from quarterly data — income & cash-flow lines summed across the four quarters, balance sheet as of year-end. E columns are calendarized analyst consensus — gross profit, cash flow and balance-sheet lines are not estimated. Net debt = short-term debt + long-term debt − cash & cash equivalents; Rule of 40 = YoY revenue growth + FCF margin.