Tag-um Share in public Its financial on Tuesday, inching the design software company closer to an IPO. And while this initial S-1 lost details such as the number of parts to offer and what price, the regulatory file provides the most obvious view despite financial – and potential.
IPO Renaissance experts estimate that Figma can be vertically up to $ 1.5 billion to this offering. If it meets or exceeds it, IDMA IDMA matches or overcomes CoreAvave, which raises $ 1.5 billion and has is the biggest tech IPO 2025 so far.
There are some reasons to believe that Figma can get it: It’s financies to attract, every S-1 filing.
The company brings $ 749 million in revenue of 2024, a 48% jump from 2023. Vigma income continues to increase in the first quarter of 2025 with 46% year-year growth. The company reports reverued 12-month revenues as $ 821 million, with 91% gross margin.
Vigma’s benefit too. The company is useful in 2023 and then quit a giant loss of $ 732 million in 2023. But it is mostly due to a time costs in stock stock compressation. (Vigma issued 10.5 million stock options, with a price attack of $ 8.50 per share of eligible employees, it says).
In the fourth quarter of 2024, Vigma was reported again in income, as did the Q1 in 2025.
Vigm also calculates its overall debt to be negligible as it reports no. But again, it’s a line thing that needs to be filled. The company, naturally, has a revolutionary line of debt, and left room to update its overall debt.
We also don’t know whether any of the executives or VCS will sell the parts. The main bracelets include index, Greylock, Kleiner Perkins, and Sequoia.
We know that in 2024, executives take about a large tender offer that allows employees to release parts. For example, co-founder CEO and Chairman Dylan Field dropped $ 20 million worth of parts as part of the sale.
The S-1 document makes another interesting exposure about co-founder Evan Wallace, who left Vimma in 2021, According to his website. Wallace is named in documents as a co-founder. However, Vimma says Wallace gives the full rights to vote and control his or her parts. Wallace’s family trust holds one-third of Super-Voting Rights Class B for (15 votes per share, Figma shares). Everyone said, S-1 reveals the field, controlled pre-ipo about 75% of voting rights.
Financials are definitely looking like a classroom that Wall Street and investors together usually want to buy. A black cloud, if you can call it, is to climb vibe coding / designing AI apps. UPSTARTS wants to want Figma’s market is fastened and growing strong. However, there is also a set of AI products.
Figma recognized by S-1 risks of failure to stand by an AI industry.
“As we make, and expect to continue to make, important investments to unite AI, including
The Geneatiat, on our platform, AI technologies rapidly develop and no guarantee that
Our products remain competitive as new AI technologies developed, adopted, and mixed with
Software solutions, “The company says the regulatory document.
