In a very anticipated movement, Figma has officially presented its S-1 before the US stock and values commission. UU.presenting its plans to make public the New York Stock Exchange under the ticket “Fig”. This milestone occurs after rapid growth years, a failed acquisition attempt of $ 20 billion per adobe and a wave of artificial innovation based on intelligence in its product line.
Bitcoin Holdings highlights a bold treasury strategy
Among the key revelations in Figma S-1 presentation is significant bet in Bitcoin. The company currently has $ 70 million in Bitcoin ETF in its treasure, and the Board has authorized an additional purchase of $ 30 million in Bitcoin using USDC. This places the Figma between a growing list of technology companies that integrate digital assets in their balances, indicating the confidence in the long -term value of Bitcoin while diversifying treasure reserves.
Revenue income and profits in 2025
Informed Figma $ 228.2 million in income for the first quarter of 2025with a net income of $ 44.9 million during the same period. This action puts the company on the way to an impressive Annual recurring income (RR) of $ 821 millionDuplicating $ 400 million in 2024 and an increase of four times of $ 190 million in 2022. The gross margins remain pending, according to reports, around 91%, while the retention of net income has been around 132%, highlighting the force of adopting their product and the client’s stickiness.
A truly global user base
Figma’s success is not limited to the US market. According to your presentation, More than 85% of its customer base is outside the United Statesreflecting a solid global footprint. The company serves marquee customers such as Google, Microsoft, Netflix and Airbnb, and more than 78% of Fortune 2000 companies depend on Figma for design collaboration.
Founded in 2012, Figma offers Cloud -based design and development tools. Its Figma flagship platform allows the design of collaborative interface and user experience, while Figjam serves as an online slate for brainstorming sessions. The company has expanded its offers with the DEV mode for developer transfers and Figma slides to create and share presentations directly within the design workflow.
Adobe’s acquisition collapse: a turning point
In December 2023, Adobe officially launched its offer of $ 20 billion to acquire Figma after facing regulatory scrutiny in the United Kingdom and Europe for the concerns of reduced competition in the design software sector. The termination of the agreement triggered a rupture rate of $ 1 billion, which Figma raised from Adobe. Despite the collapse of the acquisition, Figma’s valuation has been recovered, increasing from $ 10 billion in 2021 to $ 17.8 billion in private markets in 2025reflecting the confidence of investors in their path of independent growth.
Expansion of the product driven by AI
Figma s-1 reveals plans to expand even more to Products with AI such as Figma Make and sites, which automate design tasks and simplify the creation of websites, which makes the design process more accessible to non -design equipment. The company also obtained the Fedramp certification, which allows it to ensure the US government contracts while expanding to EMEA and APAC markets.
The company aims to build a Multiple Product PlatformTaking advantage of the Figjam and DEV mode to expand their additional sales opportunities and deepen their integration into customer’s workflows.
Challenges ahead: prices, regulation and competition
Although the OPI presents a significant growth opportunity, Figma faces challenges related to price strategies and monetization, increased regulatory pressures and intense competition in collaborative design and productivity space. The smallest competitors continue to emerge, and the established technological players are expanding their capabilities in the design domain, which can increase price pressure at Figma subscription levels.
A market ready for technological opi
The moment of the OPI of Figma seems strategic. When the company presented its confidential paperwork against the SEC in April 2025, the markets were volatile and the OPI environment was uncertain. However, the situation has improved since then, with Technology opi that work strongly:
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ETORO GROUP LTD. He closed its first negotiation day in May 29%.
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Circle Internet Group Inc. Saw actions emerge 168% on their first day in June.
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Chime Financial Inc. opened a 37% higher in the debut.
While these companies operate in different verticals, their solid debuts demonstrate the appetite of renewed investors for companies promoted by technology with clear growth trajectories.
Bitcoin Bet: A strategic treasure movement
Figma’s investment in Bitcoin ETFS is remarkable within the context of a public list, highlighting a change in the way in which technology companies manage the diversification of the treasure and interact with digital assets. This movement aligns Figma with companies such as Tesla and Microstrategy that have integrated Bitcoin in their financial strategies, underlining a belief in the preservation of Bitcoin’s value and the growth potential while offering liquidity flexibility through ETF.
Industry context: The gradual hug of the SEC of cryptographic assets
Figma’s treasure investment occurs in the middle of a broader environment where The SEC is gradually opening to regulated cryptographic products.Having approved the ETF Spot Bitcoin and Ethereum in the US market in 2024, which collectively activated thousands of millions in tickets and brought digital assets to conventional investment portfolios.
Why is the IPO of Figma
The approval of the IPO from Figma and its next list in the NYSE are significant not only for investors but also for the broader design and productivity sector. Figma is one of the few profitable and high -growth SAAS companies that enter the public market with a mature and globally adopted products suite, solid financial metrics and a clear vision for the expansion of products promoted by AI.
Figma’s OPI could also establish a precedent for Other new design and productivity companies that consider public listsproviding a reference point for market appetite and valuation expectations in the SAAS era after pandemic and promoted by AI.
Final thoughts
As Figma prepares for its public debut, the company is well positioned to attract a strong interest of investors given its solid financing, global customer base and innovative product suite. Its strategic investments of Bitcoin, AI roadmap and multiple products ecosystem provide a solid base for future growth.
While prices challenges and competition will require careful navigation, the IPO of Figma represents a crucial moment for the company’s company and industry, marking its evolution of a collaborative design tool to a comprehensive platform for global design and development equipment.
As the action prepares to trade under “fig” in the NYSE, all eyes will be in how the market responds to the next Figma chapter, potentially shaping the landscape for design, AI and cryptographic technology companies in the future.
Writer
@Ellena
Ellena is an experienced cryptographic writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides information about the latest trends and innovations in the currency space.
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