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Figma reported significant growth in its paid customer base as of September 30, 2025, with 12,910 customers generating over $10,000 in annual recurring revenues (ARR) and 1,262 customers exceeding $100,000 in ARR. The company recorded a net dollar retention rate of 131% for these high-spending customers in Q3 2025. Overall, Figma’s paid customer total reached 540,000 after adding over 90,000 teams within two quarters, largely due to the introduction of new products like Figma Make.
During the third quarter, Figma launched over 50 new features across its platform, enhancing design workflows with AI-driven tools. Approximately 30% of customers spending $100,000 or more in ARR utilized the newly released Figma Make weekly by the end of September. Despite its growth, Figma faces competition from companies like Adobe and Atlassian, both of which are integrating AI into their products and experiencing significant revenue increases.
Figma’s stock has dropped 48.3% over the past three months, contrasted with a 10.8% increase in the broader Computer & Technology sector. The company’s forward Price/Sales ratio stands at 11.91, compared to the sector’s 6.65. Earnings for 2025 are projected at 41 cents per share, a 110.96% increase from the previous year.
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