Figma's S-1 filing reveals significant financial details as it approaches its IPO. The company reported $749 million in revenue for 2024, reflecting a 48% increase from the previous year and a non-GAAP profit margin of around 17%. Figma serves 13 million users monthly, with 95% of Fortune 500 companies as clients, and notably, a majority of users are non-designers. Figma is approximately 1/28th the size of Adobe and a third of Canva, marking solid market presence as it prepares for its public debut.
Figma disclosed making $749 million in revenue in 2024, with a profit margin of around 17%. Revenue grew 48% from 2023, indicating strong growth.
Figma claims 13 million monthly active users, with 95% of Fortune 500 companies using the software. Notably, two-thirds of its users aren't designers.
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