Figma shows strong growth, profitability, and global traction ahead of its IPO, but founder control and valuation risks remain. Find out why FIG stock is a hold.

Figma disclosed higher revenue and profit for the first three months of 2025, as the cloud-based designer platform prepares to list on the NYSE more than a year after its $20 billion planned sale to Adobe was scrapped.

Design software business Figma Inc. filed Tuesday for what could be one of the year’s biggest initial public offerings.San Francisco-based Figma is planning to go public as soon as this month, said a person familiar with the company’s plans who asked not to be identified because the information wasn’t public yet.