Figma is a collaborative web application for interface design, focusing on user interface and user experience design with real-time collaboration, vector graphics editing, and prototyping tools. It also offers offline features via desktop applications for macOS and Windows. The company provides tools like Figma Design, FigJam, Figma Slides, Figma Draw, Figma Buzz, Figma Sites, and Figma Make.
Figma was founded in 2012 by Dylan Field and Evan Wallace, who met while studying computer science at Brown University. Dylan Field serves as the CEO, President, and Chairman of the Board. The company went public on July 31, 2025, and is traded on the NYSE under the ticker symbol "FIG". The IPO opened with shares at $85, closing the first day with a market value of $56.3 billion.
Recent news indicates Figma is pushing deeper into AI, acquiring AI-focused startups to enhance its AI-driven design capabilities. On February 10, 2026, Figma shares jumped 10% as software stocks rebounded and in anticipation of Q4 earnings results scheduled for February 18, 2026. However, the stock has experienced volatility since its IPO.
Figma estimates its addressable market at $33 billion in annual revenue opportunity. Despite a high revenue growth rate, Figma is currently unprofitable. Recent financial metrics show a revenue of $749 million in 2024 but an operating loss of $877 million.