Figma, Inc. Q4 FY2025 Earnings Call

· Earnings call transcript and AI-powered summary

Figma Q4 & Full Year 2025 Earnings Summary

Key Financial Highlights (vs. prior year periods)

  • Q4 Revenue: $304 million, +40% YoY (accelerated growth rate; exceeded high end of guidance)
  • FY 2025 Revenue: $1.056 billion, +41% YoY (exceeded high end of guidance)
  • Q4 Non-GAAP Gross Profit: $262 million (86% margin); FY: $931 million (88% margin)
  • Q4 Non-GAAP Operating Income: $44 million (14% margin); FY: $130 million (12% margin, exceeded guidance)
  • Q4 Adjusted Free Cash Flow: $38 million (13% margin); ended year with $1.7 billion cash, equivalents & marketable securities

Key Business Metrics (vs. prior periods)

  • Net Dollar Retention Rate (>$10k ARR customers): 136% (+5 percentage points QoQ from Q3; highest in last 10 quarters)
  • Gross Retention Rate (>$10k ARR): 97% (stable)
  • Net new >$10k ARR customers: +951 in Q4
  • Net new >$100k ARR customers: +143 in Q4 (+46% YoY growth in tier, +3 pp acceleration vs. Q3)
  • >$1M ARR customers: 67 (+68% YoY)
  • International revenue: +45% YoY (54% of Q4 revenue; 85% of MAUs)

Strategic & Product Updates

Continue Reading

Unlock the full AI-powered summary with key highlights, financial performance, and analyst Q&A.

Upgrade to Professional
Operator: Well, good day, everyone, and welcome to the Figma Q4 2025 Earnings Call. Today's call is being recorded. [Operator Instructions] I would now like to turn the conference over to Mr. Brendan Mulligan. Please go ahead. Brendan Mulligan: Good afternoon and thank you for joining us on today's conference call to discuss Figma's results for the fourth quarter of and full year 2025. On the call, we have Dylan Field, Figma's Co-Founder and Chief Executive Officer; and Praveer Melwani, our Chief Financial Officer. During the course of today's call, we may make forward-looking statements, including, but not limited to, statements regarding our guidance and future financial performance, market demand, product development, growth prospects, business strategies and plans, partnerships, ability to attract and retain customers and ability to compete effectively. These forward-looking statements are based on management's current views and assumptions and should not be relied upon as of any subsequent date, and we disclaim any obligation to update any forward-looking statements. Actual results may vary materially from today's statements. Information concerning our risks, uncertainties and other factors that could cause results to differ from these forward-looking statements are included in our filings with the SEC, including our annual report on Form 10-K for the year ended December 31, 2025. Our discussion today will include certain non-GAAP financial measures. These non-GAAP finan

Continue Reading

Unlock the full earnings call transcript with speaker labels and formatted dialogue.

Upgrade to Professional