Founded in 2016, Figma offers online interface design and real-time collaboration services, along with desktop applications for macOS and Windows. It currently boasts approximately 13 million monthly active users. In 2024, the company generated $749 million in revenue, up 48% year-over-year, but reported a book loss of about $730 million due to one-time employee stock compensation expenses recognized in its accounting. In the first quarter of 2025, Figma’s revenue reached $228 million, a 46% year-over-year increase, with net income of $44.9 million.
Market analysts widely believe that Figma’s successful IPO will pave the way for SaaS unicorns such as graphic design platform Canva, AI and data engineering service provider Databricks, and customer service automation firm Genesys, reigniting enthusiasm in the tech IPO market.
