Figma's Scale Snapshot

Figma crossed $1 billion in annual revenue in 2025, putting fresh numbers behind how large the design software company has become. (investor.figma.com) Figma said on February 18 that full-year 2025 revenue reached $1.056 billion, up 41% from 2024, while fourth-quarter revenue rose 40% to $303.8 million. The company also said cash, cash equivalents, and marketable securities totaled $1.7 billion at the end of December. (investor.figma.com) One number stood out: net dollar retention hit 136%. That metric tracks how much an existing customer group spends over time, and anything above 100% means expansion revenue is outpacing churn. (investor.figma.com) Figma said the retention gain came as enterprise customers, international customers, and buyers of newer artificial intelligence features spent more on the platform. Chief financial officer Praveer Melwani said on the earnings release that the company closed 2025 with its “best quarter for net new revenue on record.” (investor.figma.com) The snapshot matters in April 2026 because Figma is no longer being judged as a fast-growing private startup. It is now a public company scheduled to report first-quarter 2026 results after the market closes on May 14, with a call set for 5 p.m. Eastern that day. (finance.yahoo.com) The company is also pushing deeper into artificial intelligence inside its own product line. Figma’s site now markets Figma Make as a prompt-based tool for generating apps and prototypes, and Figma Weave as a workflow product that combines multiple AI models with editing tools. (figma.com ) (figma.com) That expansion is happening as AI model companies move closer to Figma’s turf. TechCrunch reported on April 16 that Anthropic chief product officer Mike Krieger resigned from Figma’s board on April 14, the same day The Information reported Anthropic’s next model would include design tools that could compete with Figma. (techcrunch.com) Figma has also kept working with AI providers even as the competitive lines blur. Its newsroom said in February that “Claude Code to Figma” is one example of how the company is giving builders more ways to move between code and the design canvas, and its release notes said this week that OpenAI’s newest image model is available across several Figma products. (figma.com 1) (figma.com 2) So the near-term question for May 14 is not whether Figma has reached scale. The question is whether it can keep posting software-style expansion numbers while AI labs and new tools chase the same design and prototyping budget. (investor.figma.com) (techcrunch.com)