**Figma, Inc. Reports Fiscal Year 2025 Results, Demonstrating Strong Revenue Growth and Strategic Expansion**
Figma, Inc., a leading provider of collaborative design and product development software, today released its financial results for the fiscal year ended December 31, 2025, showcasing significant growth in revenue and strategic advancements in its product offerings. The company reported total revenue of $1.1 billion, a 41% increase compared to the $749.0 million reported for the fiscal year 2024. This growth was primarily driven by an increase in the number of paying customers, with those contributing more than $10,000 in annual recurring revenue (ARR) rising to 13,861, a 32% increase year-over-year. Furthermore, the number of customers generating over $100,000 in ARR reached 1,405, marking a substantial 46% increase from the previous year.
Despite the robust revenue growth, Figma reported a net loss of $1.3 billion for fiscal year 2025, compared to a net loss of $732.1 million in fiscal year 2024. This increase in net loss was primarily attributed to a significant rise in stock-based compensation expense, which totaled $1.4 billion, largely due to the vesting of restricted stock units (RSUs) in connection with the company's initial public offering (IPO). The company's net dollar retention rate remained strong at 136%, indicating continued customer loyalty and expansion within existing accounts.
Operationally, Figma made several strategic moves during the year, including the acquisitions of Payload CMS, Inc., a leading open-source headless CMS and application framework, and Weavy Inc., now Figma Weave, to enhance its image, video, and media generation and editing capabilities. The company also launched new products such as Figma Sites, Figma Make, Figma Buzz, and Figma Draw, expanding its platform to cover more aspects of the software development lifecycle. These product launches and acquisitions reflect Figma's strategy to become a comprehensive design and product development platform, integrating AI functionalities to streamline workflows and enhance user experience.
Looking ahead, Figma plans to continue investing in its platform, focusing on product innovation, converting free users to paid customers, expanding within existing customer accounts, and extending its international footprint. The company also intends to begin enforcing AI credit limits and start rolling out the ability for customers to purchase an additional AI credit subscription or opt into a pay-as-you-go AI credit plan based on their needs starting in March 2026. While the company anticipates continued growth, it acknowledges potential challenges, including increased competition, evolving market conditions, and the need to effectively manage its expanding operations and workforce.
About Figma, Inc.
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