FIG — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-11-04

• We define non-GAAP operating income and non-GAAP operating margin as income (loss) from operations and operating margin, respectively, excluding stock-based compensation expense, amortization of stock-based compensation expense included in capitalized internal-use software

• development costs, employer payroll taxes on employee stock transactions, and amortization of acquired intangibles from acquisitions. Additionally, we exclude certain non-recurring charges, such as impairment losses on long-lived assets, and charges that we do not believe are reflective of our ongoi…

• The following table reflects the reconciliation of loss from operations to non-GAAP operating income and non-GAAP operating margin for the periods presented:

• Plus: Amortization of stock-based compensation included in capitalized internal-use software development costs8192581,385532

• Plus: Employer payroll taxes on employee stock transactions3,54729,82820,92629,828

Text removed vs the prior filing · source: 10-Q · 2026-08-05

• We believe that the number of Paid Customers with more than $10,000 in ARR on our platform is an important indication of the value that our products deliver. We define a Paid Customer with more than

• We define non-GAAP operating income and non-GAAP operating margin as income (loss) from operations and operating margin, respectively, excluding stock-based compensation expense, amortization of stock-based compensation expense included in capitalized internal use software development costs, employe…

• The following table reflects the reconciliation of income (loss) from operations to non-GAAP operating income and non-GAAP operating margin for the periods presented:

• Plus: Amortization of stock-based compensation included in capitalized internal use software development costs308188566274

• Plus: Employer payroll taxes on employee stock transactions3,486—17,379—

Text added vs the prior filing · source: 10-Q · 2026-11-04

• rates would not have had a material impact on our condensed consolidated financial statements for the periods presented.

Text added vs the prior filing · source: 10-Q · 2026-11-04

• other changes to our pricing model significantly reduce customer demand, our business, operating results, and financial condition could be negatively impacted.

• Further, as AI and its integration into software becomes more prevalent and its use cases become more sophisticated, including with respect to our products and the products of our competitors, there could be a decrease in the number of designers, developers, and other collaborators that use our plat…

• Changes to our pricing, packaging, and billing models, including the changes to our pricing and packaging plans introduced in March 2025 and the enforcement of AI credit limits starting in March 2026, and any further changes that we make in the future, may, among other things, result in customer dis…

• charged to a customer, a third-party agent provider, or a third-party model provider, may not align with customer expectations, and may not generate the revenue or margins we expect.

• reputation. In addition, customers may assert claims or seek class-wide relief alleging that our disclosures, user interfaces, or billing practices were misleading or unfair, including with respect to plan changes, renewal terms, cancellation, or downgrade processes, or the timing of enforcement of …

Text removed vs the prior filing · source: 10-Q · 2026-08-05

• Further, as AI and its integration into software becomes more prevalent and its use cases become more sophisticated, including with respect to our products and the products of our competitors, there could be a decrease in the number of designers, developers, and other collaborators that use our plat…

• Changes to our pricing, packaging, and billing models, including the changes to our pricing and packaging plans introduced in March 2025 and the enforcement of AI credit limits starting in March 2026, and any further changes that we make in the future, may, among other things, result in customer dis…

• In addition, third parties have introduced, and we expect they will continue to develop, browser-based, operating-system-based, and other autonomous AI agents that operate software platforms, including

• or unfair competition laws and regulations in the jurisdictions in which we operate. Any of the foregoing could adversely affect our business, operating results, financial condition, and future prospects.

• In order for us to improve our operating results and continue to grow our business, it is important that we continue to attract new customers and that existing customers continue to renew and increase their usage of our products. Customers have no obligation to renew a subscription after the expirat…

Text added vs the prior filing · source: 10-Q · 2026-11-04

• During the three months ended September 30, 2026, other than as described below, none of our directors or officers (as defined in Rule 16a-1(f) under the Exchange Act) adopted, modified, or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defin…

• On August 19, 2026, Praveer Melwani, our Chief Financial Officer, entered into a modification of his previously disclosed trading plan, adopted on August 5, 2025 and previously modified on February 27, 2026, intended to satisfy the affirmative defense of Rule 10b5-1(c) (such modification, the “Modif…

• shares that will be sold under the Modified Melwani Diversification Plan will be: (i) increased by any shares sold upon the future vesting and settlement of any RSUs that have not yet been granted and (ii) reduced by the number of shares sold or withheld to satisfy tax withholding obligations incurr…

• On August 25, 2026, Shaunt Voskanian, our Chief Revenue Officer, entered into a modification of his previously disclosed trading plan, adopted on August 6, 2025 and previously modified on February 27, 2026, intended to satisfy the affirmative defense of Rule 10b5-1(c) (such modification, the “Modifi…

Text removed vs the prior filing · source: 10-Q · 2026-08-05

• Effective August 5, 2026, Kris Rasmussen will transition from his current role as Chief Technology Officer to the role of Chief Architect. Mr. Rasmussen will remain employed by Figma. Based on the duties and responsibilities of his new role, Mr. Rasmussen will no longer be an “officer” for purposes …

• During the three months ended June 30, 2026, other than as described below, none of our directors or officers (as defined in Rule 16a-1(f) under the Exchange Act) adopted, modified, or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in…

• On June 23, 2026, Dylan Field, our Co-Founder, President, Chief Executive Officer, and Chair of our Board of Directors, terminated his trading plan which was adopted on August 4, 2025 (the “2025 Field Diversification Plan”), and was scheduled to expire on the earlier of November 30, 2026, the comple…

• On June 23, 2026, Mr. Field also terminated his trading plan which was adopted on March 1, 2026 (the “2026 Field Diversification Plan”), and was scheduled to expire on the earlier of August 31, 2027, the completion of all transactions subject to the 2026 Field Diversification Plan, or the occurrence…

• On May 21, 2026, Tyler Herb, our Chief Accounting Officer, entered into a trading plan intended to satisfy the affirmative defense of Rule 10b5-1(c) (the “2026 Herb Diversification Plan”) providing for the potential sale of up to 65,688 shares of our Class A common stock held directly by Mr. Herb. F…