FIG — what changed in the latest 10-Q

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

• through AI-powered design generation, agentic workflows, and native code layers. We are continuing to invest in AI so our customers can continue to innovate and push what is possible on our platform. We have also made acquisitions that expand Figma’s capabilities, such as Payload CMS, Inc., a leadin…

• Employee-Related Costs and Overhead Allocation. Employee-related costs include salaries, bonuses, benefits, and stock-based compensation and related employer payroll taxes for cost of revenue and each

• operating expense category. Overhead costs represent shared costs that are not specific to a functional group and are allocated based on headcount. Such costs include costs associated with office facilities, workplace and IT-related personnel expenses, depreciation of property and equipment, and oth…

• Sales and marketing. Our sales and marketing expenses consist primarily of employee-related costs, including stock-based compensation and related employer payroll taxes, expenses associated with our

• Revenue increased by $120.4 million, or 48%, for the three months ended June 30, 2026 compared to the three months ended June 30, 2025. The increase in revenue was primarily driven by growth and expansion in total Paid Customers, as the number of Paid Customers with more than $10,000 in ARR and Paid…

Text removed vs the prior filing · source: 10-Q · 2026-05-14

• leading open-source headless content management system, and Weavy Inc., now Figma Weave, which brings the world’s leading AI models together with professional editing tools on a single, browser-based canvas.

• Employee-Related Costs and Overhead Allocation. Employee-related costs include salaries, bonuses, benefits, and stock-based compensation and related employer payroll taxes for cost of revenue and each operating expense category. Overhead costs represent shared costs that are not specific to a functi…

• expenses, such as software subscription fees. As such, allocated shared costs are reflected in cost of revenue and each operating expense category.

• Sales and marketing. Our sales and marketing expenses consist primarily of employee-related costs, including stock-based compensation and related employer payroll taxes, expenses associated with our marketing and brand advertising campaigns, events, such as annual user conferences, including Config,…

• Comparison of the Three Months Ended March 31, 2026 and 2025

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

• Our management, including our Chief Executive Officer and Chief Financial Officer, believes that our disclosure controls and procedures and internal control over financial reporting are designed to provide reasonable assurance of achieving their objectives and are effective at the reasonable assuran…

Text removed vs the prior filing · source: 10-Q · 2026-05-14

• Our management, including our Chief Executive Officer and Chief Financial Officer, believes that our disclosure controls and procedures and internal control over financial reporting are designed to provide reasonable assurance of achieving their objectives and are effective at the reasonable assuran…

• objectives will be met. In addition, the design of disclosure controls and procedures must reflect the fact that there are resource constraints and that management is required to apply its judgment in evaluating the benefits of possible controls and procedures relative to their costs. Moreover, proj…

Text added 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…

• 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

• If we are unable to accurately measure, attribute, and bill for usage under credit-based, usage-based, or outcome-based billing models, or to provide sufficient transparency and controls over such usage, our business, operating results, financial condition, and future prospects could be adversely af…

• 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 particular, customers may react negatively if AI credits are consumed in connection with failed, unstable, or interrupted outputs or if administrators cannot readily determine what users, files, prompts, models, or workflows are driving usage. If we are unable to provide sufficient visibility, co…

Text removed vs the prior filing · source: 10-Q · 2026-05-14

• 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 platform if such individuals are able to significantly increase their efficiency through the use of AI capabilities alongside or instead of our platform. Such a decrease could reduce the number of seats that custom…

• 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 ours, on a user’s behalf, including agents offered by providers whose models we license or with wh…

• Over time, we expect to introduce products, features, and services, or otherwise implement pricing and packaging models, that are billed differently than on a per-seat subscription basis, which could adversely affect our business, operating results, financial condition, and future prospects.

• In particular, customers may react negatively if AI credits are consumed in connection with failed, unstable, or interrupted outputs or if administrators cannot readily determine what users, files, prompts, models, or workflows are driving usage. If we are unable to provide sufficient visibility, co…

Text added 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…

Text removed vs the prior filing · source: 10-Q · 2026-05-14

• During the three months ended March 31, 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 i…

• On March 1, 2026, Dylan Field, our Co-Founder, President, Chief Executive Officer, and Chair of our Board of Directors, entered into a trading plan intended to satisfy the affirmative defense of Rule 10b5-1(c) (the “2026 Field Diversification Plan”) providing for the potential sale of up to (i) 750,…

• commence trading until Mr. Field’s predecessor trading plan, dated August 4, 2025, has terminated pursuant to its terms and applicable cooling-off periods have been met. The duration of the 2026 Field Diversification Plan is until the earlier of August 31, 2027, the completion of all transactions su…

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

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