Figma, Inc.
FIGFigma shares drop on declining consumer usage and missed SaaS rankings amid AI fears
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View AllFigma, 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.
| Metric | FY 2024 | FY 2023 |
|---|---|---|
| Revenue | $749.01M | $504.87M |
| Cost of Revenue | $87.51M | $44.50M |
| Gross Profit | $661.50M | $460.37M |
| Gross Margin | 88.32% | 91.19% |
| Operating Expenses | $1.54B | $533.83M |
| Operating Income | $-877.43M | $-73.46M |
| Operating Margin | -117.15% | -14.55% |
| Net Income | $-732.12M | $285.86M |
| Net Margin | -97.74% | 56.62% |
| EPS (Basic) | $-3.11 | $0.59 |
| EBITDA | N/A | N/A |
| Stock Option Compensation Expense | N/A | N/A |
| Price To Earnings Ratio | N/A | N/A |
| Price To Sales Ratio | N/A | N/A |
| Shares Outstanding | N/A | N/A |
| Market Capitalization | N/A | N/A |