secwatch.observer — SEC 8-K summary
======================================

Issuer:     Figma, Inc. (FIG)
CIK:        0001579878
Form:       8-K
Filed at:   2025-09-03T23:59:59+00:00
Accession:  0001579878-25-000026
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Figma Q2 revenue $249.6M (+41% YoY); extended lock-up by 54.1% of holders through Aug 2026
--------------------------------------------------------------------------------

- Revenue $249.6M (+41% YoY); non-GAAP operating income $11.5M (5% margin).
- Net dollar retention rate 129% for customers with >$10K ARR; 11,906 such customers.
- Guidance: Q3 rev $263-265M, FY2025 rev $1.021-1.025B (+37% YoY midpoint).
- Extended lock-up: holders of ~54.1% of Class A shares locked until Aug 2026, with phased releases starting Q3 2025 earnings.
- CEO Dylan Field entered Rule 10b5-1 plan to sell up to ~3.1M shares starting Nov 24, 2025, through Nov 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1579878/000157987825000026/0001579878-25-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1579878/000157987825000026/fig-20250903.htm
  HTML page:      https://secwatch.observer/filing/0001579878-25-000026

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer