Filing Flows › Technology › Figma (FIG)
Figma (FIG) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Figma (FIG) Q3 2026 earnings results →
Q3 2026 Revenue up 43% year over year to $391M · 21¢ of every $1 of revenue lost · operating margin -30.4%
Figma made $391M in Q3 2026 (+43% Y/Y). Operating margin -30.4%, net loss $81.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $391.4M in Q3 2026, up 43% year over year and up 6% from the previous quarter.
Gross margin was 80.3%, up 10.9 points from Q3 2025. Operating costs exceeded revenue by $119.2M, an operating margin of -30.4%. Operating expenses fell 67% while revenue rose 43%. The quarter ended with a net loss of $81.3M, narrower than the previous quarter's $112.2M loss. Non-operating items added $47.3M, -66% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $48.4M (down 5% year over year). Non-cash charges added back $5.5M of depreciation and amortization and $158.6M of share-based compensation. Working capital and other items used $34.3M. After capital expenditures ($6.9M), free cash flow as the company reports it was $41.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $391M | +43% | -30.4% | −$81.3M | $48.4M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $370M | +48% | -31.7% | −$112M | $60.9M |
| Q1 2026 | 10-Q | May 14, 2026 | $333M | +46% | -41.2% | −$142M | $97.3M |
| Q4 2025 | 10-K | Feb 18, 2026 | $304M | +40% | -64.4% | −$227M | $39.9M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $274M | +38% | -414.6% | −$1.1B | $51.2M |
| Q2 2025 | 10-Q | Sep 3, 2025 | $250M | +41% | 0.8% | $28.2M | $62.5M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
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About Figma
Every day, billions of people around the world use apps, websites, and other digital experiences that are made in Figma. Behind each of these products is a team responsible for bringing them to life. In Figma, designers work alongside developers, product managers (“PMs”), researchers, marketers, writers, and other non-designers who, in the three months ended December 31, 2025, made up approximately two-thirds of our monthly active users. 1 Together, they share and explore ideas, align on a vision, visualize concepts, and translate them into coded products — all on a single, connected, AI-powered platform that collaborators around the world can access with a URL.
In its own words, from its 10-K, filed Feb 18, 2026.
Figma against its Services-Prepackaged Software peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +43% against the peers' median +19%. Operating margin: -30.4% against the peers' median 15.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| FIG Figma | Q3 2026 | $391M | +43% | -30.4% |
| MSFT Microsoft | Q1 FY27 | $92.3B | +19% | 49.8% |
| ORCL Oracle | Q1 FY27 | $19.3B | +30% | 34.8% |
| CRM Salesforce | Q2 FY27 | $11.3B | +11% | 20.5% |
| ADBE Adobe | Q3 FY26 | $6.8B | +13% | 34.8% |
| XYZ Block | Q3 2026 | $6.7B | +10% | 6.4% |
| INTU Intuit | Q4 FY26 | $4.4B | +14% | 10.9% |
| NOW ServiceNow | Q3 2026 | $4.1B | +20% | 9.4% |
| SHOP Shopify | Q3 2026 | $3.7B | +32% | 15.2% |
Source: Figma 10-Q on SEC EDGAR · CIK 1579878 · Services-Prepackaged Software
Guidance and outlook
13F: who owns FIG and who is buying
More on FIG
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results