Lead: what happened and why it matters
Figma earnings and Bitcoin holdings disclosure moved markets Thursday after the company released Q2 results and an SEC filing. Figma shares fell nearly 20% to $54.56 on the NYSE after investors parsed revenue and cryptocurrency disclosures. The company reported Q2 2025 earnings showing revenue growth 41% to $249.6 million and forecasted adjusted operating income for 2025 at $88–$98 million. Figma’s SEC filing revealed roughly $91 million in Bitcoin holdings, yet executives stressed this was an investment, not a strategic shift.
Q2 2025 earnings
Figma earnings and Bitcoin holdings disclosure highlighted healthy top-line growth but mixed forward guidance. The Q2 2025 earnings release confirmed expanding ARR and stronger customer uptake. Still, market expectations for margin progress and clarity around capital allocation pushed sentiment lower. Revenue growth 41% was real, but investors focused on how excess cash would be used.
Bitcoin holdings
Figma earnings and Bitcoin holdings disclosure also put the company’s crypto exposure in the spotlight. The SEC filing discloses the Bitcoin holdings as a financial asset. Management clarified the position is a treasury investment, not a Bitcoin treasury strategy. That distinction aimed to calm crypto-related risk concerns.
Dylan Field
When CEO Dylan Field spoke, he framed Figma as a product-first company. He told investors Figma is “a design company, not a Bitcoin holding company,” stressing product roadmaps and customer focus. Dylan Field’s remarks were intended to limit confusion after the SEC filing and blunt speculation about corporate strategy shifts.
NYSE debut and volatility
Figma’s NYSE debut earlier in August sent the stock to a high near $122 before the slide. The combination of post‑IPO rotation and the stock price decline after earnings shows how quickly sentiment can flip. Figma earnings and Bitcoin holdings disclosure became a focal point for traders reappraising risk.
Investor takeaway
Figma earnings and Bitcoin holdings disclosure is a reminder that profitable growth and corporate investments can both influence valuation. For shareholders, the key items are revenue growth, guidance, and clear communication about Bitcoin holdings versus a Bitcoin treasury approach. Watch future filings and management commentary for updates.
Frequently asked questions about Figma earnings and Bitcoin holdings disclosure (FAQ)
Q: did Figma report large Bitcoin purchases?
A: The SEC filing shows roughly $91 million in Bitcoin holdings disclosed as a financial investment.
Q: does Figma plan to become a Bitcoin treasury?
A: Management has said no — Dylan Field emphasized Figma remains a design company, not a Bitcoin treasury.
Q: how did the market react to the disclosures?
A: Shares fell nearly 20% on the NYSE shortly after earnings and the SEC filing, reflecting investor re‑pricing.
Q: were the Q2 numbers strong despite the drop?
A: Yes. Q2 2025 earnings showed revenue growth 41% year over year to $249.6 million.
Sources to this article
Figma, Inc. (2025) Q2 2025 Earnings Release. Figma, Inc.
Figma, Inc. (2025) Form 8‑K: Disclosure of Bitcoin holdings. U.S. Securities and Exchange Commission.
