Filing Flows › Figma (FIG) › Q3 2025
Figma (FIG) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Figma (FIG) reported revenue of $274M for the third quarter 2025 (Q3 2025), +38% from a year earlier and +10% from the quarter before. Operating margin was -414.6%, net loss $1.1B (400.1% of revenue).
Figma, Q3 2025: revenue $274M (+38% year over year), operating margin -414.6%, net loss $1.1B, operating cash flow $51.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $274M | +10% | +38% |
| Operating profit | −$1.1B | -54858% | — |
| Net earnings | −$1.1B | -3986% | — |
| Operating cash flow | $51.2M | -18% | -17% |
| Free cash flow | $49.0M | — | — |
What changed
Revenue was $274.2M in Q3 2025, up 38% year over year and up 10% from the previous quarter.
Gross margin was 69.4%, down 21.2 points from a year earlier. Operating costs exceeded revenue by $1,136.8M, an operating margin of -414.6%. Operating expenses grew 484% against revenue growth of 38%. The fastest-growing cost line was General & admin (+748%). The quarter ended with a net loss of $1,097.0M, after a profit of $28.2M the previous quarter.
Operating cash flow was $51.2M (down 17% year over year). Non-cash charges added back $4.4M of depreciation and amortization and $1,138.3M of share-based compensation. Working capital and other items added $5.4M. After capital expenditures ($1.7M) and capitalized internal use software development costs ($414K), free cash flow as the company reports it was $49.0M.
Questions
What was Figma's revenue in the third quarter 2025?
Figma (FIG) reported revenue of $274M for the third quarter 2025 (Q3 2025), +38% from a year earlier and +10% from the quarter before.
Was Figma profitable in the third quarter 2025?
Operating loss was $1.1B (-414.6% of revenue) and net loss $1.1B.
Source: Figma 10-Q on SEC EDGAR.