Figma moves closer to a blockbuster IPO that could raise $1.5B

Fig Divide On Tuesday, its financial, design software is inching the company near an IPO. And when these initial S -5 shares are missing and the details are missing, regulatory filing provides a clear view of its financial health -and possibilities.

IPO experts estimate the capital of the Renaissance that Figma Could raise $ 1.5 billion Into this offer. If it is met or over it, the Figure IPO will match or defeat the Korouv, which has increased $ 1.5 billion in and contains So far 2025 has been the largest IPO.

According to the S -1 filing, Figma can pull it out that Figma can turn it off: This is financial impressive.

The company earned $ 749 million in 2021, and it jumped up to 5% from 2021 and jumped jumped. The company said 12-month’s income with 91% gross margin was rolled as $ 821 million.

Fig profit is also interesting. The company was profitable in 2021 and then the $ 732 million dollars were affected in 2021. However, it was originally due to a one -time expenditure related to a large employee stock compensation event. (Figma has issued 10.5 million stock options, including strike prices of $ 8.50 per share of employees eligible staff, said it.

In the fourth quarter of 2021, Figma said again, as it happened in Q1, 2021.

Figma has also considered his total debt so negligible that it has no it has no. But again, it is a line item that needs to be filled with the Company company naturally has a rotating debt line line and the left house to update the total Debt.

We still do not know if anyone will sell shares of executive or VC. Main supporters include index, grilk, Cleanner Parkins and Sikoia.

We know that in 2021, executives participated in a large tender offer that allowed employees to pay cash from shares. For example, co-founder CEO and Chairman Dylan Field made cash in the $ 20 million shares as part of the sale.

The S -1 document revealed another interesting, co -founder Ivan Wallace, who left Figma in 2021, According to his websiteThe Wallace is named as co-founder in documents. However, Figma says Wallace has given the right to the field’s full voting rights and its shares. About a third of Wallace’s Family Trust Super-Voting Rights Class B share (15 votes per share, Figma says). All have been said that S -1 publishes that field, controlling about 75% of the pre -IPO voting rights.

Financials must certainly look like a company that Wall Street and retailers usually prefer to buy. One Black Cloud, if you can call it, is the rise of Vibe Coding/Designing AI applications. Upstart like loving The figure is targeting the market and is growing rapidly. The figure, however, has its own AI products has its own set.

Figma acknowledges the risk of failing to stand in the competitive AI industry in S -1.

“When we made and hoping to continue it, significant investment with significant investments to consolidate AI
Generator AI, on our platform, AI technologies are evolving rapidly and it may not have any guarantee
Our products will remain competitive because new AI technologies are developed, taken and integrated into it
Software Solutions, “The company says in the regulatory document.