IPO Highlights
IPO pricing & volume
-Figma priced its IPO at $33 per share on July 30, 2025 (above its revised range of $30–32 and the initial $25–28 range—raising over $1.2 billion by selling approximately 36.94 million shares.
Valuation
-This pricing placed its valuation at around $19–19.5 billion fully diluted, close to the US $20 billion Adobe had once offered in a failed acquisition attempt.
Financial Profile & Business Strengths
Revenue and profitability
-Figma posted US $749 million in revenue for 2024 (up 48% YoY), and revenue in Q1 2025 grew by 46% to $228.2 million. It also delivered $44.9 million in net income during Q1 2025, signaling improved profitability after a net loss the prior year (inflated by a one‑time $1 billion breakup fee from Adobe).
Customer base & margins
-The company boasts 13 million monthly active users and covers 95% of Fortune 500 companies, with strong 91% gross margins and approximately 18% operating margins.
Cryptocurrency holdings
-Figma holds $69.5 million in a Bitcoin ETF and $30 million in USD Coin, planning to reinvest these into Bitcoin, a strategy similar to that of MicroStrategy.
Strategic & Market Implications
Signal for IPO revival
-Figma is the largest enterprise-software IPO since 2021 and is seen as a potential catalyst for a broader IPO rebound, potentially opening the floodgates for other companies such as Canva, Databricks, and more.
Market perception & analyst viewpoints
-Analysts, including Gil Luria at D.A. Davidson, view Figma as well-positioned in the AI/design space. Others caution that rising usage of generative AI could disrupt future margins, creating both potential and uncertainty.
Competitive landscape
-The IPO sets the stage for Figma to directly compete with Adobe. Despite Adobe’s recent stock decline, analysts expect both companies to potentially thrive given growing demand for creative tools.
-Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial advice, investment recommendation, or an offer to buy or sell any securities. Stock prices, valuations, and performance metrics are subject to change and may be outdated. Always conduct your own due diligence and consult with a licensed financial advisor before making investment decisions. The information presented may contain inaccuracies and should not be solely relied upon for financial decisions. I am not personally liable for your own losses, this is not financial advise.
IPO pricing & volume
-Figma priced its IPO at $33 per share on July 30, 2025 (above its revised range of $30–32 and the initial $25–28 range—raising over $1.2 billion by selling approximately 36.94 million shares.
Valuation
-This pricing placed its valuation at around $19–19.5 billion fully diluted, close to the US $20 billion Adobe had once offered in a failed acquisition attempt.
Financial Profile & Business Strengths
Revenue and profitability
-Figma posted US $749 million in revenue for 2024 (up 48% YoY), and revenue in Q1 2025 grew by 46% to $228.2 million. It also delivered $44.9 million in net income during Q1 2025, signaling improved profitability after a net loss the prior year (inflated by a one‑time $1 billion breakup fee from Adobe).
Customer base & margins
-The company boasts 13 million monthly active users and covers 95% of Fortune 500 companies, with strong 91% gross margins and approximately 18% operating margins.
Cryptocurrency holdings
-Figma holds $69.5 million in a Bitcoin ETF and $30 million in USD Coin, planning to reinvest these into Bitcoin, a strategy similar to that of MicroStrategy.
Strategic & Market Implications
Signal for IPO revival
-Figma is the largest enterprise-software IPO since 2021 and is seen as a potential catalyst for a broader IPO rebound, potentially opening the floodgates for other companies such as Canva, Databricks, and more.
Market perception & analyst viewpoints
-Analysts, including Gil Luria at D.A. Davidson, view Figma as well-positioned in the AI/design space. Others caution that rising usage of generative AI could disrupt future margins, creating both potential and uncertainty.
Competitive landscape
-The IPO sets the stage for Figma to directly compete with Adobe. Despite Adobe’s recent stock decline, analysts expect both companies to potentially thrive given growing demand for creative tools.
-Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial advice, investment recommendation, or an offer to buy or sell any securities. Stock prices, valuations, and performance metrics are subject to change and may be outdated. Always conduct your own due diligence and consult with a licensed financial advisor before making investment decisions. The information presented may contain inaccuracies and should not be solely relied upon for financial decisions. I am not personally liable for your own losses, this is not financial advise.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.