Fugma Jointly jointly Its financial matters keep the design software company close to the IPO on Tuesday. And while the details in this initial S-1 are missing, such as the number of shares offered and at what cost, regulatory filing provides a clear view of its financial health and capacity.
IPO experts renewed Capital estimates that Figma Could raise up to 1.5 billion dollars If he meets or exceeds him in this offer, Figma’s IPO will match or defeat it, which has raised $ 1.5 billion and has been the largest tech of 2025 so far.
There are some reasons to believe that Figma can draw it. According to S -1 filing, its financial is impressive.
The company earned $ 749 million in 2024, which jumps from 2023 to 48 %. In the first quarter of 2025, Figma’s revenue increased by 46 % of the year. The company reported a 12 -month revenue with $ 821 million with a margin of 91 %.
Figma’s profit is also interesting. The company was profitable in 2023 and then gave birth to a major loss of 2 732 million in 2023. But the main reason for this was due to a timely cost of the employee’s stock compensation program. (Fagma issued 10.5 million stock options, in which the strike costs 50 8.50 per share for eligible employees.)
By the fourth quarter of 2024, Figma once again reported a profit, as he did in Q1 of 2025.
Figma has considered its total debt as not as much as it is reported that there is no one in it. But once again, this is a line item that needs to be filled. Naturally, the company has a rotating loan line, and has been left in the left room to update its total debt.
We do not yet know whether an executive or VCS shares will sell. Large supporters include index, girlfriend, cleaner Perkins, and sequatic.
We know that in 2024, executives participated in a large tender offer, allowing employees to earn money out of shares. For example, Figma’s co -founder’s CEO and chairman Delon Field received $ 20 million out of $ 20 million shares as part of the sales.
The S -1 document made another interesting revelation about co -founder Ivan Walis, who left Figma in 2021, According to their website. The name of Walis is as a co -founder in the documents. However, Figma says Walis has given the field full voting rights and control over his share. Figma says that Walis’ Family Trust has about one -third of the shares of Super Voting Rights B. (15 votes per share). Everyone was told, the S-1 has revealed that the field, the PRPO, controls about 75 % of the rights of voting.
Finances certainly look like a company that Wall Street and retail investors usually like to buy. A black cloud, if you can say it, is the height of coding/designing AI apps. Like dear apparatus is targeting Figma’s market and growing rapidly. Figma, though, also has its own set of AI products.
Figma recognizes the risks of failure to stand in the competitive AI industry in S -1.
He said when we made, and expect the key investment to connect AI, including
Generative AI, in our platform, AI technologies are developing rapidly and cannot be guaranteed.
Why will our products remain competitive
The software solution, “says the company in the regulatory document.