In its first quarter as a public company, Figma reported a second quarter profit with revenue growth of 41%.
The company, which launched its IPO priced at $33 in July, reported second quarter net income of $28.2 million on revenue of $249.6 million, up 41% from a year ago. Non-GAAP earnings in the quarter checked in at $19.8 million.
Figma ended the quarter with cash and equivalents of $1.6 billion.
CEO Dylan Field said Figma's record revenue in the second quarter was powered by the launch of four new products including Figma Make, Figma Draw, Figma Sites and Figma Buzz. "Looking ahead, we’re excited to keep building for our customers and help define the next era of digital products and experiences. Design is more important than ever, and we have so much more to build," said Field.
By the numbers:
- Figma had 11,906 paid customers with more than $10,000 in annual recurring revenue.
- There were 1,119 paid customers with more than $100,000 in ARR.
- More than 80% of Figma customers used two or more products. Two-thirds of customers used three or more products.
As for the outlook, Figma projected third quarter revenue between $263 million and $265 million, up 33% from a year ago. For 2025, Figma is projecting revenue growth of 37% to $1.021 billion and $1.025 billion. Non-GAAP operating income for the year will be between $88 million and $98 million.
