Slide 1: Financial Results Q2 2025
Financial Results September 3, 2025 Q2 2025
Slide 2: Safe Harbor Disclaimer
Safe Harbor Disclaimer Q2 2025 This presentation contains “forward-looking statements” within the meaning of applicable securities laws. All statements other than statements of historical fact could be deemed to be forward-looking, including, but not limited to, statements regarding our guidance and
Slide 3: Dylan Field, CEO + Co-Founder
Q2 2025 Dylan Field CEO + Co-Founder
Slide 4: Q2 Highlights
q2 highlights Q2 2025 $250M Q2 Revenue 41% YoY Revenue Growth $11.5M Non-GAAP Operating Income 5% Non-GAAP Operating Margin 24% Adjusted Free Cash Flow Margin Non-GAAP operating income, non-GAAP operating margin, and Adjusted Free Cash Flow Margin are non-GAAP financial measures. Please see the reco
Slide 5: As software continues to grow exponentially, design and brand will matter more than ever
Q2 2025 As software continues to grow exponentially, design and brand will matter more than ever new apps by 2028 1B+ Source: International Data Corporation (“IDC”). Note: Per IDC, apps are defined here as logical applications which include solutions that are entirely made up of brand-new software b
Slide 6: Investment philosophy
Q2 2025 Investment philosophy
Slide 7: Investing in AI
our future — investment philosophy Q2 2025 Investing in AI Long-term focus Willing to take big swings
Slide 8: Our platform
For Kate meee x (‘novi Lets have a hero tite here? = Movie Title Play + my cur Popular on Netflix OUR PLATFORM vstack bottonLeading) jund ( . back aus (18) Ideate —————> Visualize ————— Build —————~ Ship ——> ~ pacity(@.2)) Q2 2025
Slide 9: Dev Mode MCP
FIGMA NT DEV MODE MCP DEV MODE (WITH CODE CONNECT)
Slide 10: Our products
Our products Q2 2025 Media Player Explorations Preview Code Publish Share Create this music player, and have the disc spin with every new track to bring it to life. SOUND Time BPM BR Dreamy Haze Here’s how I’m thinking about it: by Svelte Fading Echo 00:10 70 240 Reasoning I'll create a music player
Slide 11: Affirm Onboarding Flow
Affirm Onboarding Flow User Configuration Flow Navigation pene Ohne Sereen Variants Pay off your plans affirm) cog oat " => @ x Review and confirm © $160.00 month fr & months > ue today 000 Ast payment on August 15 e {© Enable AutoPay @rwven oc Payment Schedule Interface Concepts Review and confirm
Slide 12: Our products
Our products Q2 2025 Made to optimize for visual design and freeform creation with enhanced vector editing and illustration tools that helps products stand out.
Slide 13: Designers and advocates
Inga Hampton, Brand & Product Designer at Raycast Bruno Figueiredo, Lead Designer at OutSystems Lydia Bazan, Digital Designer at T-Mobile Sanghyo Yee, Senior Product Designer at Lottie Files Vijay Verma, Designer Camilo Bejarano, Art Director & Partner at TheLittleLabs Rogie King, Designer Advocate
Slide 14: Figma Draw gives me even more tools
Q2 2025 “Figma Draw gives me even more tools to add to my toolkit, expanding the possibilities of what I can create in a way that's easy to use.” Erica Leong Visual designer and illustrator
Slide 15: Our products
Our products Q2 2025 Design, prototype, and publish dynamic websites that can be customized using code and AI.
Slide 16: Our products
Our products Q2 2025 Create visual assets at scale without compromising brand consistency with built-in AI.
Slide 17: Figma Sites and Figma Buzz
@ Figma Sites i | Meng To @ 887 @MengTo You can create fully responsive sites on figma with auto layout wrap and min/max. With code export plugins, most of the css work is done, inc variables. It's a good time to be a designer. Designs. Updates BuyNow 4. Speed up iOS app design with our robust Figma
Slide 18: Dev Mode MCP Server
Our products Q2 2025 https://www.figma.com/design/W… https://www.figma.com/design/WalQlpRi78sE6n9ovw92r/2025---MusicPlayer?node-id=773- 9746&t=iOFuluyzz1Ra9uZF-4 Stop ⇧⌘⌫ I can see this is a music player interface designed in Figma. I’ll create a functional music player that matches this design with
Slide 19: Figma's MCP server has improved the efficiency
Q2 2025 “Figma’s MCP server has improved the efficiency of our engineering processes while ensuring correct implementation of our design system, improving consistency and quality for our end users.” Dom Flask Senior Manager, UI Systems Design Coinbase
Slide 20: Olá! Bom dia!
모바일 업데이트 tualizações móveis A 모바일 / 탐색 모바일 / 프로필 Móvel / Explorar Móvel / 모바일 업데이트 9:41 9:41 Atualizações móveis 9:41 De9 Research Lab Research Lab 파일 에셋 r ui o Recursos Aq v Fr 페이지 J oon 프로필 수정 Páginas I nes Editar perfil Po 다시 오신 것을 환영해요, Olá de novo, 개요 Visão geral 줄리아님 S iu Julia X 반복 복사 Versões
Slide 21: Slide 21
Slide 22: Thank you
Q2 2025 Thank you
Slide 23: Praveer Melwani, CFO
Praveer Melwani Q2 2025 CFO
Slide 24: Growth philosophy
Q2 2025 Growth philosophy
Slide 25: Draw, Make, Sites, Buzz
Draw Available on Full seats Make Available in Beta on Full seats Sites Buzz Available in Beta
Slide 26: Revenue
REVENUE Q2 2025 $250M Revenue 41% Year-over-year Growth Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 $109.5M $118.7M $132.2M $144.4M $156.2M $177.2M $198.6M $216.9M $228.2M $249.6M
Slide 27: Our platform
ss) OUR PLATFORM Q2 2025
Slide 28: ATMOS Rewards
@ 7Maska | HAWAIIAN AIRLINES AIRLINES ATMOS. REWARDS ATMOS. REWARDS VISA Earn up Redeem Earn Your rewards View and claim your rewards and milestone perks. Q2 2025
Slide 29: Net-Dollar Retention
129% net-dollar retention Q2 2025 Net-Dollar Retention (For our Paid Customers with more than $10,000 dollars in ARR) Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 159% 143% 131% 122% 125% 130% 131% 134% 132% 129% Refer to the appendix to this presentation for definitions of NDR and Pa
Slide 30: Paid Customers
Paid Customers Q2 2025 11,906 Paid Customers with more than $10,000 dollars in ARR 1,119 Paid Customers with more than $100,000 dollars in ARR Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 5,945 6,365 6,727 7,233 8,007 9,071 9
Slide 31: Non-GAAP Gross Margin
NON-GAAP Gross margin Q2 2025 90% Non-GAAP Gross Margin Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 92% 91% 91% 91% 92% 92% 92% 92% 92% 90% Non-GAAP gross margin is a non-GAAP financial measure. Please see the reconciliation from GAAP to non-GAAP measures contained in the appendix to
Slide 32: Non-GAAP Operating Margin
NON-GAAP operating margin Q2 2025 5% Non-GAAP operating margin as % of revenue Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 12% 3% 24% 26% 18% 5% Non-GAAP operating margin is a non-GAAP financial measure. Please see the reconciliation from GAAP to non-GAAP measures contained in the appendix to this presentat
Slide 33: Cash Position and Adjusted Free Cash Flow Margin
$1.6B 24% cash position and Adjusted Free Cash Flow Margin Q2 2025 Cash and cash equivalents and marketable securities as of June 30, 2025 Adjusted Free Cash Flow Margin Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 14% 7% 25% 25% 31% 4% 31% 30% 41% 24% Adjusted Free Cash Flow Margin i
Slide 34: Lock-up release
Q2 2025 Lock-up release
Slide 35: Guidance
GUIDANCE Q2 2025 Revenue (Q3) $263–265M Revenue (FY) $1,021–1,025M Non-GAAP Operating Margin (FY) $88–98M
Slide 36: Q&A
Q2 2025 Q&A
Slide 37: Appendix
Q2 2025 Appendix
Slide 38: Definitions
DEFINITIONS Q2 2025 Annual Recurring Revenue (“ARR”): We calculate ARR as the annualized value of Paid Customer with more than $10,000 in ARR: A Paid Customer with a total of our active customer agreements as of the measurement date, assuming any $10,000 or more of ARR as of the last day of the appl
Slide 39: Reconciliation of Non-GAAP gross profit and gross margin
Reconciliation of NON-GAAP gross profit and gross margin Q2 2025 (In thousands) Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 GAAP gross profit $100,419 $108,481 $120,329 $131,145 $143,439 $137,640 $179,936 $200,482 $208,747 $221,751 Plus: Stock-based compensation expense 12 9 9 7 1 24
Slide 40: Reconciliation of Non-GAAP operating income and operating margin
Reconciliation of Non-GAAP operating income and operating margin Q2 2025 (In thousands) Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 GAAP operating income (loss) $12,521 $(894,287) $(47,336) $51,669 $39,749 $2,076 Plus: Stock-based compensation expense 607 858,390 88,403 153 197 7,310 Plus: Amortization of s
Slide 41: Adjusted Free Cash Flow
Adjusted Free Cash FloW Q2 2025 (In thousands) Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Net cash provided by (used in) operating activities $9,273 $(5,899) $25,774 $1,018,186 $(18,139) $(178,243) $61,574 $73,091 $97,177 $62,455 Less: Capital expenditures (257) (1,402) (1,604) (474