Core Viewpoint - Figma is moving closer to an IPO, with a potential fundraising target of up to $1.5 billion, which could match or exceed the largest tech IPO of 2025 to date [1][2] Financial Performance - Figma reported a revenue of $749 million for 2024, representing a 48% increase from 2023, with Q1 2025 continuing to show a 46% year-over-year growth [2] - The company has a rolling 12-month revenue of $821 million and a gross margin of 91% [2] - Despite achieving profitability in 2023, Figma recorded a significant loss of $732 million, primarily due to one-time employee stock compensation expenses [2][3] Debt and Equity Structure - Figma's total debt is reported as negligible, showing as zero on the balance sheet, although it has a revolving credit facility [3] - The company's co-founder and CEO, Dylan Field, controls approximately 75% of the voting rights ahead of the IPO, with significant shares held by the family trust of co-founder Evan Wallace [4] Market Competition - The rise of AI design applications poses a competitive threat to Figma, with emerging companies like Lovable gaining market share [6] - Figma acknowledges the need to integrate AI technologies into its platform to maintain competitiveness in a rapidly evolving industry [6]
速递｜90后Figma创始人十年创业百亿美金IPO，招股书提及AI超150次，暗藏“生成式AI焦虑”
Z Potentials·2025-07-03 03:13