Figma reports higher revenue and profit in first quarter ahead of upcoming IPO

From Yahoo Finance: 2025-07-01 15:43:00

Cloud-based designer platform Figma reported higher revenue and profit for the first quarter of 2025 ahead of its upcoming IPO on the NYSE, following the cancellation of a $20 billion sale to Adobe. The IPO is expected to be a major event this year, reflecting a bullish equities market despite past concerns over U.S. tariffs.

Valued at $12.5 billion last year, Figma’s IPO comes after antitrust regulators blocked Adobe’s acquisition, marking a significant shift for the company. Figma’s revenue for the first quarter was $228.2 million, up from $156.2 million a year earlier, with net income tripling to $44.9 million.

Figma is prioritizing investments in AI, despite potential impacts on efficiency. Co-founder and CEO Dylan Field emphasized the company’s willingness to make bold decisions, including pursuing M&A opportunities and platform enhancements. Proceeds from the IPO will also be used to repay borrowings and cover tax payments.

Lead underwriters for Figma’s IPO include Morgan Stanley, Goldman Sachs, Allen & Co, and J.P. Morgan, with the company expected to trade under the symbol “FIG”. The move reflects Figma’s commitment to growth and innovation, positioning it for future success in the market.



Read more at Yahoo Finance: Figma reveals revenue, profit growth in US IPO filing