Figma Inc.

Is Figma owned by Adobe?
No. Adobe announced a $20 billion acquisition of Figma in September 2022, but the deal was terminated in December 2023 due to antitrust opposition from UK and EU regulators. Adobe paid Figma a $1 billion termination fee. Figma remains an independent company.

Is Figma publicly traded?
Yes. Figma completed its IPO on July 31, 2025, and trades on the New York Stock Exchange under ticker symbol FIG. The company priced shares at $33, and the stock closed its first day at $115.50.

What is Figma's annual revenue?
Figma reported revenue of $1.06 billion for fiscal year 2025 (ended December 31, 2025), up 41% from $749.0 million in 2024. The company projects 2026 revenue between $1.366 billion and $1.374 billion.

Who is the CEO of Figma?
Dylan Field is the co-founder, CEO, and President of Figma. He holds approximately 73.6% of the company's voting power through a multi-class share structure.

When was Figma founded?
Figma was founded in 2012 by Dylan Field and Evan Wallace while they were students at Brown University. The company launched its design platform publicly in 2016.

Figma was founded in 2012 by Dylan Field and Evan Wallace, who met as students at Brown University. The company initially focused on building a browser-based design tool that would enable real-time collaboration, a concept that was novel at the time when most design software ran as desktop applications.

The Figma design editor launched publicly in 2016, offering a web-based interface that allowed multiple designers to work on the same file simultaneously. This browser-based approach eliminated the need for file versioning and manual sync workflows that plagued teams using tools like Sketch and Adobe XD.

Throughout the late 2010s, Figma gained traction among design teams at companies including Uber, Airbnb, and Microsoft. The company raised venture funding from Sequoia Capital, Greylock Partners, Index Ventures, and Kleiner Perkins. By 2021, Figma was valued at $10 billion in private funding rounds.

In 2020, Figma launched FigJam, a collaborative whiteboard product for brainstorming and workshops. FigJam expanded the platform beyond screen design into broader team collaboration.

In September 2022, Adobe announced an agreement to acquire Figma for approximately $20 billion, which would have been one of the largest software acquisitions in history. The deal faced intense antitrust scrutiny from regulators in the European Union and the United Kingdom. In December 2023, Adobe and Figma mutually agreed to terminate the acquisition. Adobe paid Figma a $1 billion termination fee as part of the breakup agreement.

Following the collapsed deal, Figma continued operating independently. In 2024, the company conducted a tender offer that valued it at $12.5 billion, allowing employees and early investors to sell shares. Figma confidentially filed for an IPO in April 2025 and went public on July 31, 2025, pricing at $33 per share. The stock opened at $85 and closed the first day at $115.50, valuing the company at roughly $68 billion.

In 2025, Figma expanded its product suite with AI-powered features, including a prototyping tool and Figma Sites, which allows users to publish websites directly from the design canvas. The company also introduced Figma Slides and Figma Dev, broadening its platform across the product development workflow.

Figma operates as a cloud-based platform, which inherently reduces the need for physical infrastructure compared to traditional desktop software models. The company's remote-first work model, established since its founding, reduces commuting-related emissions for its workforce.

Figma's 10-K filing for FY2025 does not include detailed environmental metrics or formal sustainability reporting frameworks. The company's primary environmental impact comes from cloud infrastructure and data center usage, which it manages through its cloud providers.

On ethics and governance, Figma's dual-class share structure has been flagged as a risk factor, as it concentrates voting power with the CEO and limits the influence of public shareholders. The company emphasizes data privacy and security in its platform, with enterprise-grade compliance certifications.

Figma has received industry recognition for its product innovation and workplace culture:

• Webby Awards: Multiple wins for web-based design tools and user experience
• Fast Company Most Innovative Companies: Recognition for collaborative design platform innovation
• Glassdoor Best Places to Work: Recognition for workplace culture and employee satisfaction
• Config Conference: Figma's annual user conference, Config, has become one of the largest design industry events globally

Adobe Acquisition Termination (2023): The proposed $20 billion acquisition by Adobe, announced in September 2022, was abandoned in December 2023 after antitrust regulators in the European Union and United Kingdom indicated they would block the deal. The UK Competition and Markets Authority argued the acquisition would harm competition in the design software market. Adobe paid Figma a $1 billion termination fee. Some industry observers questioned whether the deal would have stifled innovation in the design tools market.

Multi-Class Share Structure (2025): Figma's IPO introduced a three-class share structure that gives CEO Dylan Field approximately 73.6% of voting power. Corporate governance advocates have criticized such structures for limiting shareholder influence on major corporate decisions. This structure means public market investors have minimal ability to influence board composition or corporate strategy.

AI Feature Concerns (2025): Figma's push into AI-powered design features has raised questions about training data sources and the impact of AI-generated designs on the creative profession. The company has emphasized responsible AI implementation but faces ongoing scrutiny from the design community about how AI tools affect professional designers' work.