Figma Reports Strong Q2 2025 Results with Record Revenue and Positive Operating Margin Amid AI Innovation and Strategic Growth

Figma, Inc. (NYSE: FIG) announced its financial results for the second quarter ended June 30, 2025, reporting strong performance across key metrics. The company delivered record revenue of $249.6 million for the quarter, up from $177.2 million in the same period of 2024, reflecting continued momentum in its platform adoption and customer expansion. Dylan Field, Figma’s Co-founder and CEO, highlighted the quarter’s achievements, noting the launch of four new products and a growing recognition of design’s central role in shaping digital experiences. He emphasized Figma’s commitment to innovation and building the next generation of collaborative tools. Praveer Melwani, Figma’s Chief Financial Officer, pointed to best-in-class revenue growth and a positive operating margin as evidence of the company’s operational strength. Figma reported a 129% Net Dollar Retention Rate, underscoring deepening customer engagement and expansion within existing accounts. The company also achieved a 90% non-GAAP gross margin, demonstrating efficient scaling of its platform. In the second quarter, Figma generated $62.5 million in cash from operating activities, despite significant investments in growth. The company ended the quarter with $632.4 million in cash, cash equivalents, and restricted cash, reflecting strong liquidity. Figma’s financial outlook for the third quarter and full year 2025 remains positive, with the company guiding for continued revenue acceleration and improved profitability. While specific numerical guidance was not disclosed in the release, management expressed confidence in its ability to sustain momentum. On the governance front, Figma announced the early release of lock-up shares for certain employees and service providers. The lock-up period for 25% of eligible shares will terminate on September 5, 2025, contingent on the stock closing at least 25% above the IPO price for five trading days within a ten-day period following the Q2 earnings release. Figma anticipates this condition will be met. Additionally, Figma entered into an extended lock-up agreement with approximately 54.1% of its outstanding Class A common stock holders, restricting sales until August 31, 2026, reinforcing long-term stability and confidence in the company’s future. Figma also disclosed that its non-GAAP net income for the quarter was $19.8 million, compared to a GAAP net loss of $827.9 million, driven by significant one-time charges including costs from the abandoned merger with Adobe, stock-based compensation, and related expenses. The company continues to invest heavily in AI and platform expansion, positioning itself as a central hub for design and product development. With a growing base of high-value customers and a robust financial foundation, Figma is advancing its mission to make the entire product lifecycle more collaborative, efficient, and innovative.