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Figma's stock slumps almost 20% after first earnings report to lowest since IPO

Figma shares plummeted nearly 20% on Thursday, falling to the lowest price since the design software vendor's initial public offering in July after the company reported earnings for the first time as a public company. Results for the second quarter were largely in line with expectations, as Figma had issued preliminary results a little over a month ago. Revenue increased 41% from a year earlier to $249.6 million, slightly topping analysts' estimates of $248.8 million, according to LSEG. Analys

Figma's stock slumps 18% after first earnings report to lowest since IPO

Figma shares plummeted nearly 20% on Thursday, falling to the lowest price since the design software vendor's IPO in July after the company reported earnings for the first time as a public company. Results for the second quarter were largely inline with expectations, as Figma had issued preliminary results a little over a month ago. Revenue increased 41% from a year earlier to $249.6 million, slightly topping analyst estimates of $248.8 million, according to LSEG. Analysts at Piper Sandler des

Figma's stock plunges after company's first earnings report since IPO

Dylan Field, co-founder and CEO of Figma, center, appears on the floor of the New York Stock Exchange in New York on July 31, 2025. Figma Inc. shares surged as much as 229% after the design software maker and some of its shareholders raised $1.2 billion in an IPO, with the trading valuing the company far above the $20 billion mark it would have reached in a now-scrapped merger with Adobe Inc. Figma shares plunged 13% in extended trading on Wednesday after the design software company reported re

How Figma’s multiplayer technology works (2019)

Operational transformation (OT) is a technology for supporting a range of collaboration functionalities in advanced collaborative software systems. Hero illustration by Rose Wong. When we first started building multiplayer functionality Multiplayer Editing in Figma Today’s public release of Figma contains two long-awaited changes. in Figma four years ago, we decided to develop our own solution. No other design tool offered this feature, and we didn’t want to use operational transforms (a.k.a.

Figma's Multiplayer Technology (2019)

Operational transformation (OT) is a technology for supporting a range of collaboration functionalities in advanced collaborative software systems. Hero illustration by Rose Wong. When we first started building multiplayer functionality Multiplayer Editing in Figma Today’s public release of Figma contains two long-awaited changes. in Figma four years ago, we decided to develop our own solution. No other design tool offered this feature, and we didn’t want to use operational transforms (a.k.a.

Inside Dylan Field’s Big IPO—and His Even Bigger Plans for Figma

When Dylan Field pops up on my Zoom screen, his face is a mixture of giddiness and fatigue. He’s back at work, after a whirlwind trip to New York City where he launched his company Figma on the New York Stock Exchange, bucking the trend of multi-billion-dollar startups staying private. Even before it became clear that this might be the wildest public launch in years, the Figma world—fans of the app, employees (known as Figmates), and investors—had already turned Wall Street into a block party, h

Figma's stock sinks 27% after last week's IPO pop

Dylan Field, co-founder and CEO of Figma, appears on the floor of the New York Stock Exchange on July 31, 2025. Figma shares dropped 27% on Monday, cutting into the gains the design software company posted after hitting the market last week. The stock dropped $33.40 to $88.60 at the end of of Monday's trading session. That's down from a close of $122 on Friday. Figma and top stockholders sold about 37 million shares at $33 per share late Wednesday, yielding around $412 million in proceeds flo

Figma's stock sinks more than 20% after last week's IPO pop

Dylan Field, co-founder and CEO of Figma, appears on the floor of the New York Stock Exchange on July 31, 2025. Figma shares dropped 23% on Monday, cutting into the gains the design software company posted after hitting the market last week. The stock dropped $27.50 to $94.50 as of midday. That's down from a close of $122 on Friday. Figma and top stockholders sold about 37 million shares at $33 per share late Wednesday, yielding around $412 million in proceeds flowing to the company. On Thurs

Figma CEO's path from college dropout and Thiel fellow to tech billionaire

In this article FIG Follow your favorite stocks CREATE FREE ACCOUNT Dylan Field, co-founder and CEO of Figma, signs the guestbook on the floor of the New York Stock Exchange in New York on July 31, 2025. Michael Nagle | Bloomberg | Getty Images Mark Zuckerberg may be the most famous college-dropout-turned-tech-billionaire. Dylan Field is the latest, after his design startup Figma soared in its stock market debut this week. The two entrepreneurs have something else in common: close ties to Pete

Lina Khan points to Figma IPO as vindication of M&A scrutiny

A surprising figure is celebrating Figma’s successful IPO: Lina Khan, former chair of the Federal Trade Commission. In a Friday afternoon post on X, Khan linked to an article about Figma’s impressive first day of trading and argued the IPO is “a great reminder that letting startups grow into independently successful businesses, rather than be bought up by existing giants, can generate enormous value.” Khan was alluding to a $20 billion deal for Adobe to acquire Figma that fell through back in

Topics: adobe figma ftc ipo khan

Lina Khan points to Figma IPO as vindication of M&A scrutiny

A surprising figure is celebrating Figma’s successful IPO: Lina Khan, former chair of the Federal Trade Commission. In a Friday afternoon post on X, Khan linked to an article about Figma’s impressive first day of trading and argued the IPO is “a great reminder that letting startups grow into independently successful businesses, rather than be bought up by existing giants, can generate enormous value.” Khan was alluding to a $20 billion deal for Adobe to acquire Figma that fell through back in

Topics: adobe figma ftc ipo khan

Zuckerberg’s ‘personal superintelligence’ plan: fill your free time with more AI

Posts from this author will be added to your daily email digest and your homepage feed. It has been another busy week. GPT-5 appears to be just around the corner… This week, I decode the meaning behind Mark Zuckerberg’s “personal superintelligence” manifesto, and what it means for the broader AI race. Keep reading for my chat with a Figma exec on the company’s IPO day, a bunch of good links, and some feedback from last week’s issue. Meta has given up on trying to beat ChatGPT at its own game.

Kleiner Perkins is having a very good week

Even while the tech industry is still fanning its face over Figma’s hot IPO on Thursday, another significant tech IPO occurred this week: Ambiq Micro. On Wednesday, the chip maker for wearable devices saw its shares climb from the initial price of $24 to over $42 on Friday. There’s one thing both companies have in common: Kleiner Perkins was a major investor. So it’s been a very good week for the venerable venture firm. Just for fun, we’ve calculated the value of Kleiner Perkins’ stake in each

Figma stock pops 5% in second day of trading after colossal debut

Figma celebrates its initial public offering at the New York Stock Exchange on July 31, 2025. Shares of design software vendor Figma popped more than 5% on Friday, a day after the stock more than tripled in its New York Stock Exchange debut. Figma opened at $85 on Thursday under the ticker FIG, and shares closed at $115.50 for a 250% gain. On Friday, the stock traded above $120. Figma is the latest tech company to hit the public markets after an extended IPO drought. Artificial intelligence i

Figma stock pops in second day of trading after colossal debut

Figma celebrates its initial public offering at the New York Stock Exchange on July 31, 2025. Shares of design software vendor Figma popped 6% on Friday, a day after the stock more than tripled in its New York Stock Exchange debut. Figma opened at $85 on Thursday under the ticker FIG, and shares closed at $115.50 for a 250% gain. On Friday, the stock traded above $120. Figma is the latest tech company to hit the public markets after an extended IPO drought. Artificial intelligence infrastruct

Figma's top VCs are sitting on $24 billion worth of stock after massive IPO pop

Figma Inc. signage during the company's initial public offering (IPO) at the New York Stock Exchange (NYSE) in New York, US, on Thursday, July 31, 2025. You can almost smell the bubbly wafting across Silicon Valley. Following Figma's blockbuster market debut on Thursday, four of the most iconic names in venture capital — Index Ventures, Greylock, Kleiner Perkins and Sequoia — are collectively sitting on roughly $24 billion worth of the design software vendor's stock. Until recently, there's b

Iconiq’s Will Griffith explains how his firm celebrated Figma’s IPO and why investors sold shares

Will Griffith had only been two months in his job as a venture investor for Iconiq when he met a 19-year-old college dropout named Dylan Field. This would lead to one of his signature seed investments, in a startup called Figma. On Thursday, Figma went public with the stock popping from the $33 IPO opening price to close at $115.50 and a $47 billion market cap. And Griffith could not be more effusive in his praise for the company. “You go to one of these user conferences and you’re like, there

Figma more than triples in NYSE debut after selling shares at $33

Figma 's stock more than tripled in its New York Stock Exchange debut on Thursday, a day after the design software company sold shares at $33 in its IPO. The big opening pop is the latest indication that the tech IPO market has reopened following a multi-year lull that began in early 2022, when inflation was soaring and interest rates were on the rise. So far this year, online bank Chime , stablecoin issuer Circle and artificial intelligence infrastructure provider CoreWeave have hit the market

Figma’s stock soars in its highly anticipated IPO, market cap instantly hits $45B

Figma began trading on the New York Stock Exchange on Thursday after a long delay. It soared so quickly that trading was halted for a short time due to market volatility. The price is currently bouncing between $101 and $112 with a mid-day market cap of $45 billion, Yahoo Finance reports. The company and existing investors sold shares at the IPO price of $33 per share. Quite the pop. There has been so much demand for this stock that people on X are posting funny pictures of their orders being

Figma CEO says AI superintelligence is not a looming threat to the company

Figma co-founder and CEO Dylan Field said Thursday that artificial intelligence doesn't pose a serious threat to the future of the design software company, which is on the verge of debuting on the public markets. "We're in this moment where you might, if you're singularity-pilled, go, 'Hey, superintelligence is coming and it'll be able to do things that no human can do," Field told CNBC's "Squawk Box." "I have a harder time believing that we're going to approach that really quickly right now, b

Figma will IPO on July 31

Figma is a design and product development platform—where teams come together to turn ideas into the world’s best digital products and experiences. Today, we’re announcing the pricing of Figma’s initial public offering of 36,937,080 shares of Class A common stock at a public offering price of $33.00 per share. The shares are expected to begin trading on the New York Stock Exchange on July 31, 2025 under the ticker symbol "FIG." The offering is expected to close on August 1, 2025, subject to the

Figma prices IPO at $33, above expected range

Dylan Field, co-founder and CEO of Figma, appears at the Bloomberg Technology Summit in San Francisco on May 9, 2024. Figma, the developer of design software that was supposed to get acquired by Adobe, priced its IPO on Wednesday at $33 per share, above its expected range. The company's stock will debut on the New York Stock Exchange under the ticker symbol "FIG" on Thursday. The offering raised $1.2 billion, with most of the proceeds going to existing stockholders. Figma is aiming to take ad

Figma’s IPO price hit a $19.3B valuation out of the gate

Figma will begin trading on the New York Stock Exchange on Thursday in one of the most anticipated IPOs of 2025. The IPO is 40x oversubscribed, VCs confirmed to TechCrunch and Bloomberg previously reported. That means demand for shares is 40x the number of shares the company and its existing investors are selling. So it should surprise no one that Figma, which offers design software, has priced its initial shares at $33 per share, above its previously announced range. On Monday, the company sa

Figma raises IPO range to $30-$32 per share, in deal that could value company at nearly $19 billion

Elena Nadolinski, founder and CEO at Iron Fish, and Dylan Field, CEO and co-founder of Figma, attend the annual Allen and Co. Sun Valley Media Conference in Sun Valley, Idaho, on July 7, 2022. Design software maker Figma on Monday increased the expected price range for shares in its initial public offering this week. The company now expects shares to go for $30 to 32 each, up from the range of $25 to $28 that it disclosed on July 21. The new range, announced in a regulatory filing, suggests F

Figma’s AI app building tool is now available for everyone

Figma Make, the prompt-to-app coding tool that Figma introduced earlier this year, is now available for all users. Similar to AI coding tools like Google’s Gemini Code Assist and Microsoft’s GitHub Copilot, Figma Make allows users to build working prototypes and apps using natural language descriptions, instead of needing to have innate coding skills. While Figma initially launched it in beta for “Full Seat” users — the subscription tier required to unlock all of Figma’s design products — Figma

Topics: ai figma make seat users

Figma looks to raise nearly $1B as it kicks off its IPO roadshow

In Brief Enterprise design startup Figma has entered the next step of its IPO journey. Figma announced Monday it is kicking off its IPO roadshow. The company plans to offer more than 36 million shares of class A stock that are expected to be priced between $25 and $28 a share. This offering includes a mix of primary and secondary shares and would allow the company to raise around $1 billion. The company is expected to price its IPO the week of July 28. If the company prices its shares in the

Figma’s Dylan Field will cash out about $60M in IPO, with Index, Kleiner, Greylock, Sequoia all selling, too

When Figma announced its initial hoped-for price range on Monday ($25-$28), it also revealed an unusual decision for its highly anticipated IPO. It will allow existing shareholders to sell more shares than the company plans to sell, by a high ratio. The company plans to offer about 12.5 million shares. Yet existing shareholders will be allowed to cash out of nearly 24.7 million shares, it said. In addition, should this IPO be as hot as everyone thinks it will be, existing shareholders will get

Figma IPO could value design software maker at $16 billion

Dylan Field, co-founder and CEO of Figma Inc., after the morning sessions at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on July 11, 2024. Design software company Figma on Monday published an updated prospectus for its initial public offering. The company said it expects to sell about 37 million shares at $25 to $28 each. That would generate as much as $1 billion in proceeds, between the company and selling shareholders. The IPO could value Figma, led by co-founder D

Figma looks to raise nearly $1 billion as it kicks off its IPO roadshow

In Brief Enterprise design startup Figma has entered the next step of its IPO journey. Figma announced Monday it is kicking off its IPO roadshow. The company plans to offer more than 36 million shares of class A stock that are expected to be priced between $25 and $28 a share. This offering includes a mix of primary and secondary shares and would allow the company to raise around $1 billion. The company is expected to price its IPO the week of July 28. If the company prices its shares in the

When Figma starts designing us

I first encountered Figma in 2013, when Dylan Field demoed an early prototype to me at O’Reilly’s Foo Camp. I remember the pen tool feeling surprisingly elegant, but I missed the bigger picture: the radical implications of a design tool that ran in the browser. A decade later, Figma is a core part of our creative process, and without it, we wouldn't have been able to build a fully remote design practice. That’s probably why Dylan is a near-billionaire and I’m not. However, over the course of th