Figma IPO S-1 Reveals Bitcoin Bet and Global Expansion

After years of explosive growth, a failed $20B Adobe acquisition, and a wave of AI innovation, Figma IPO is finally opening its books. The collaborative design powerhouse, has just filed its S-1 to go public on the NYSE under the ticker “FIG.” The company first revealed it planned to go public and had confidentially filed its paperwork with the SEC on April 15.

Figma IPO S-1 Filing Reveals $70M in Bitcoin ETF s, More to Come

According to its S-1 filing , the company holds $70 million in Bitcoin ETFs and has board approval to purchase an additional $30 million worth of Bitcoin using USDC.

Source : https://www.sec.gov/Archives/edgar/data/1579878/000162828025033742/figma-sx1.htm#i8dccdb6f4d824d4aba81e7c665eaa62d_154

Record Revenue and Profit Highlight Growth

It was reported $228.2M in revenue for the first quarter of 2025, with net income of $44.9M for the same period. That puts the company on pace for $821M ARR, a staggering leap from $400M in 2024 and $190M in 2022. Gross margins remain sky-high, reportedly around 91%, and NRR has hovered near 132%.

The Global Reach: 85% Clients Outside the U.S.

It’s growth isn’t just about numbers. The company’s user base is global, with over 85% of customers outside the U.S. and marquee clients like Google, Microsoft, Netflix, and Airbnb. Over 78% of the Fortune 2000 rely on company for their design.

Company, founded in 2012, provides cloud-based tools for design and development. The Design features allows designers to create user interfaces and experiences, while FigJam is an online whiteboard for collaborative brainstorming. Other tools include Dev Mode for design specifications and Fig Slides for creating and sharing slide decks within the environment.

Organisation’s Failed Adobe Deal Ends With $1B Breakup Fee

The organisation went public after Adobe Inc. failed to acquire the company for $20 billion due to regulatory issues. The deal was deemed lessening competition in the U.K. and Europe, leading to Adobe cancelling the acquisition in December 2023. It raised an undisclosed amount of funding in July 2024, raising a reported valuation of $12.5 billion, significantly lower than Adobe's initial offer. The revelation of the S1 paperwork has revealed Figma IPO financial position, with its valuation rising from $10B in 2021 to $17.8B in private markets this year, reflecting investor confidence even after the Adobe deal collapsed.

Challenges Ahead: Pricing, Regulations, and Competition

Figma IPO S-1 offers opportunities for AI-powered product expansion, including Make and Sites, which automate tasks and make design accessible to more teams. With FedRAMP certification, It is eligible for U.S. government contracts and expanding into EMEA and APAC. The company also plans to create a multi-product platform with FigJam and Dev Mode, increasing upsell potential. However, the S-1 faces challenges such as pricing and monetization, regulatory and competitive pressures, and pushback from smaller companies.

Figma IPO Timing Works in Figma’s Favor as Market Rebounds

Since company originally revealed its intentions to go public and file for Figma IPO in April, things have quickly evolved, and timing is frequently crucial when it comes to initial public offerings (IPOs). Markets were erratic at the time, making it hard to forecast how Figma IPO would be accepted. However, the IPOs that took place during that time have gone successfully, and the stock markets are at all-time highs just under three months later.

Figma IPO Aims for Strong Debut Amid Proven Market Demand

On its first day of trading, the stock of eToro Group Ltd., which went public on the Nasdaq in May, closed up 29%. On the first day of trading on June 4, Circle Internet Group Inc.'s shares closed up 168% . Additionally, Chime Financial Inc.'s shares opened up 37% on June 12.

The findings show that the market is interested in IT companies in general, even though none of those businesses are in the same industry vertical as this. Figma IPO enters the market with a tested product and respectable financials. The business will undoubtedly be looking for comparable outcomes.