Filing Flows › Figma (FIG) › Q2 2025
Figma (FIG) Q2 2025 earnings results (second quarter 2025)
10-Q filed Sep 3, 2025
Figma (FIG) reported revenue of $250M for the second quarter 2025 (Q2 2025), +41% from a year earlier and +9% from the quarter before. Operating margin was 0.8%, net earnings $28.2M (11.3% of revenue).
Figma, Q2 2025: revenue $250M (+41% year over year), operating margin 0.8%, net earnings $28.2M, operating cash flow $62.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $250M | +9% | +41% |
| Gross profit | $222M | +6% | +61% |
| Operating profit | $2.1M | -95% | — |
| Net earnings | $28.2M | -37% | — |
| Operating cash flow | $62.5M | -36% | — |
| Free cash flow | $60.6M | — | — |
What changed
Revenue was $249.6M in Q2 2025, up 41% year over year and up 9% from the previous quarter.
Gross margin was 88.8%, up 11.2 points from a year earlier. Operating profit was $2.1M, a 0.8% margin (up 505.5 points year over year). Operating expenses fell 79% while revenue rose 41%. Net earnings were $28.2M. The effective tax rate was 27.7%. Non-operating items added $37.0M, 95% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $62.5M, 221% of net earnings. Non-cash charges added back $3.6M of depreciation and amortization and $7.3M of share-based compensation. Working capital and other items added $23.3M. After capital expenditures ($1.1M) and capitalized internal use software development costs ($718K), free cash flow as the company reports it was $60.6M.
Questions
What was Figma's revenue in the second quarter 2025?
Figma (FIG) reported revenue of $250M for the second quarter 2025 (Q2 2025), +41% from a year earlier and +9% from the quarter before.
Was Figma profitable in the second quarter 2025?
Operating profit was $2.1M (0.8% of revenue) and net earnings $28.2M.
Source: Figma 10-Q on SEC EDGAR.