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Figma Inc

Logo: Figma, Public domain, via Wikimedia Commons4

Figma Inc is a software company based in San Francisco, founded in 2012.1 It was founded by Dylan Field.1

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Last updated Oct 21, 2026.

Overview

$1.1BRevenue, fiscal 20255
-$1.3BNet income, fiscal 20255
2012Founded1

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  • TickerFIG on NYSE1
  • Industrysoftware industry1
  • HeadquartersSan Francisco1
  • Websitefigma.com
  • Legal formcorporation1
  • Incorporated inDE6
  • Business address760 Market St., Floor 5, San Francisco, Ca 941026
  • Filer categoryNon-accelerated filer, Emerging growth company6
  • LEI254900273Q0J4Z65HU283
  • StatusActive3
  • LEI statusIssued and current3
  • Registered addressC/O The Corporation Trust Company, 19801 Wilmington, United States3
  • Registered withDivision of Corporations, Department of State, 52272573

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Figma is where teams come together to turn ideas into the world’s best digital products and experiences.8 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

82.4%Gross margin5
-122.2%Operating margin5
-118.4%Net margin5
41.0%Revenue growth, 20255
-82.8%Return on equity5
$246.2MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Regions

Outside the United States brought in 53% of the revenue Figma Inc broke down this way in fiscal 2025.

  1. Outside the United States$564.2M553%up 45% from 2024
  2. United States$491.5M547%up 37% from 2024
Regions by year
Regions202320242025
Outside the United States$252.6M$389.6M$564.2M
United States$252.3M$359.4M$491.5M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue15¢$185.5M
  • Research and development83¢$1.0B
  • Income tax2¢$24.8M

Out of $1.1B in revenue.5 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending2¢$4.4M
  • Kept or used elsewhere98¢$246.2M

Out of $250.7M of cash from operations.5

Financial statements

Revenue5$1.1B in 2025+109% since 2023
0$500.0M$1.0B$1.5B2023: $504.9M$504.9M20232024: $749.0M$749.0M2024+48%2025: $1.1B$1.1B2025+41%
Gross profit5$870.3M in 2025+89% since 2023
0$250.0M$500.0M$750.0M$1.0B2023: $460.4M$460.4M20232024: $661.5M$661.5M2024+44%2025: $870.3M$870.3M2025+32%
Operating income5-$1.3B in 2025+1657% since 2023
-$1.5B-$1.0B-$500.0M02023: -$73.5M-$73.5M20232024: -$877.4M-$877.4M2024+1095%2025: -$1.3B-$1.3B2025+47%
Net income5-$1.3B in 2025
-$1.5B-$1.0B-$500.0M0$500.0M$1.0B2023: $737.8M$737.8M20232024: -$732.1M-$732.1M20242025: -$1.3B-$1.3B2025+71%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Revenue$1.1B$749.0M$504.9M
Cost of revenue$185.5M$87.5M$44.5M
Gross profit$870.3M$661.5M$460.4M
Research and development$1.0B$751.1M$164.8M
Sales and marketing$575.5M$472.1M$201.4M
General and administrative$555.5M$315.7M$167.7M
Total operating expenses$2.2B$1.5B$533.8M
Loss from operations-$1.3B-$877.4M-$73.5M
Other income, net$64.8M$84.4M$1.0B
Income (loss) before income taxes-$1.2B-$793.1M$945.9M
Provision for (benefit from) income taxes$24.8M-$61.0M$208.1M
Net income (loss)-$1.3B-$732.1M$737.8M
Less: net income attributable to participating securities$0$0-$452.0M
Net income (loss) attributable to common stockholders-$1.3B-$732.1M$285.9M
Net income (loss) per share, basic (in usd per share)-$3.71-$3.74$1.70
Net income (loss) per share, diluted (in usd per share)-$3.71-$3.74$1.62
Weighted-average shares outstanding used in computing net income (loss) per share attributable to common stockholders, basic (in shares)337.0M shares195.6M shares168.4M shares
Weighted-average shares outstanding used in computing net income (loss) per share attributable to common stockholders, diluted (in shares)337.0M shares195.6M shares187.2M shares

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Corporate structure

Figma Inc sits at the top of its group. 11 entities, 11 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Figma Inc

  • Figma Inc San Francisco, California, United States
    • Figma Australia Pty Ltd Subsidiary · Australia
    • Figma Canada Ltd. Subsidiary · Canada
    • Figma France SAS Subsidiary · France
    • Figma India Private Limited Subsidiary · India
    • Figma Ireland Limited Subsidiary · Ireland
    • Figma Japan K.K. Subsidiary · Japan
    • Figma Singapore Pte. Limited Subsidiary · Singapore
    • Figma UK Ltd. Subsidiary · United Kingdom
    • Vmlapp Sweden AB Subsidiary · Sweden
    • Weavy AI Ltd. Subsidiary · Israel

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Figma Inc reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$38.0M5 Dec 31, 2025$28.1M5 Dec 31, 2024+35.2%
Accumulated depreciation$18.0M5 Dec 31, 2025$13.1M5 Dec 31, 2024+37.6%
Property and equipment, net$20.0M5 Dec 31, 2025$15.0M5 Dec 31, 2024+33.2%
Operating-lease assets (leased space)$57.4M5 Dec 31, 2025$28.8M5 Dec 31, 2024+99.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$403.5M5 Dec 31, 2025$487.0M5 Dec 31, 2024−17.1%
Marketable securities, current$1.3B5 Dec 31, 2025$970.9M5 Dec 31, 2024+29.0%
Marketable securities, non-current$599.1M5 Dec 31, 2025$352.9M5 Dec 31, 2024+69.7%
Debt securities available for sale$1.3B5 Dec 31, 2025$978.3M5 Dec 31, 2024+28.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$101.4M5 Dec 31, 2025$11.4M5 Dec 31, 2024+789.6%
Finite-lived intangibles, gross$28.3M5 Dec 31, 2025$3.0M5 Dec 31, 2024+838.9%
Accumulated amortization$9.2M5 Dec 31, 2025$498.0K5 Dec 31, 2024+1741.4%
Finite-lived intangibles, net$19.1M5 Dec 31, 2025$2.5M5 Dec 31, 2024+660.0%

Properties, in its own words

We are headquartered in San Francisco, California, where we occupy approximately 98,000 square feet of office space pursuant to a lease that is expected to expire in 2028, subject to the terms thereof. We also lease or purchase service memberships to additional facilities in New York, New York; Seattle, Washington; Grand Rapids, Michigan; London, U.K.; Berlin, Germany; Paris, France; Tokyo, Japan; Singapore; Sydney, Australia;

Bengaluru, India; Dublin, Ireland; Tel Aviv, Israel; and São Paulo, Brazil. These offices are leased and we do not own any real property.

The rest of Item 2

We believe that our current facilities are adequate to meet our current needs and that, should it be needed, suitable additional or alternative space will be available to accommodate our operations.

Item 2 of the 10-K filed Feb 18, 2026.8

The story

Founded by Dylan Field in 2012.1

Leadership

Who has led Figma Inc, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Dylan Field2025–now

President

  1. Dylan Field2025–now

Chief financial officer

  1. Praveer Melwani2025–now
201520202025
Board members and other officers (14)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerNadia Singer named May 29, 202427
  • Executive OfficerSheila Vashee named May 29, 202427
  • Executive OfficerYuhki Yamashita named May 29, 202427
  • DirectorJohn Lilly named May 29, 202427

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Figma Australia Pty Ltd Australia7
  • Figma Canada Ltd. Canada7
  • Figma France SAS France7
  • Figma GmbH Germany7
  • Figma India Private Limited India7
  • Figma Ireland Limited Ireland7
  • Figma Japan K.K. Japan7
  • Figma Singapore Pte. Limited Singapore7
  • Figma UK Ltd. UK7
  • Vmlapp Sweden AB Sweden7
  • Weavy AI Ltd. Israel7

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Aug 5, 20268-K Results of operations28
  2. Jun 4, 20268-K Shareholder vote29
  3. May 14, 20268-K Results of operations30
  4. Apr 15, 20268-K Executive or director change31
  5. Feb 18, 20268-K Results of operations32
  6. Nov 5, 20258-K Results of operations33
  7. Sep 3, 20258-K Results of operations34
  8. Jul 30, 2025New chief executive Dylan Field becomes CEO13
  9. 2012Founded Founded1

Calendar

Coming up

  1. Nov 4, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported ($2.65) a share, on Nov 5, 2025.35

When it reported results

  1. Aug 5, 2026Reported quarterly or annual results28
  2. May 14, 2026Reported quarterly or annual results30
  3. Feb 18, 2026Reported quarterly or annual results32
  4. Nov 5, 2025Reported quarterly or annual results33
  5. Sep 3, 2025Reported quarterly or annual results34

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

358 filings to the SEC since October 2021: 1 annual reports, 4 quarterly reports, 7 major events, 197 insider forms, 12 large holders, 1 private raises, 136 other. The latest 20:

  1. Oct 15, 2026144 EDGAR
  2. Oct 13, 2026144 EDGAR
  3. Oct 7, 20264 EDGAR
  4. Oct 7, 20264 EDGAR
  5. Oct 5, 20264 EDGAR
  6. Oct 5, 20264 EDGAR
  7. Oct 5, 20264 EDGAR
  8. Oct 5, 20264 EDGAR
  9. Oct 5, 2026144 EDGAR
  10. Sep 14, 2026144 EDGAR
  11. Sep 8, 20264 EDGAR
  12. Sep 8, 20264 EDGAR
  13. Sep 3, 20264 EDGAR
  14. Sep 3, 20264 EDGAR
  15. Sep 3, 20264 EDGAR
  16. Sep 3, 20264 EDGAR
  17. Sep 3, 2026144 EDGAR
  18. Sep 1, 20264 EDGAR
  19. Sep 1, 2026144 EDGAR
  20. Sep 1, 2026144 EDGAR

The 358 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

103 open-market trades by officers, directors and large owners since October 2021: 6 buys and 97 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 3, 2026Mulligan BrendanGeneral Counsel and SecretarySale109,106$25.98$2.8MForm 4
Sep 3, 2026Herb TylerChief Accounting OfficerSale1,416$26.29$37.2KForm 4
Aug 28, 2026Mulligan BrendanGeneral Counsel and SecretarySale211,599$29.79$6.3MForm 4
Aug 27, 2026Herb TylerChief Accounting OfficerSale2,000$30.00$60.0KForm 4
Aug 21, 2026Herb TylerChief Accounting OfficerSale1,840$27.14$49.9KForm 4
Aug 10, 2026Rimer Daniel H.DirectorSale12,475$25.39$316.7KForm 4
Aug 10, 2026Index Ventures VI Parallel Entrepreneur Fund (Jersey) LP10% ownerSale12,475$25.39$316.7KForm 4
Aug 5, 2026Voskanian ShauntChief Revenue OfficerSale30,000$27.91$837.3KForm 4
Aug 4, 2026Rasmussen KrisFormer Chief Technology Off.Sale196,397$25.53$5.0MForm 4
Aug 4, 2026Voskanian ShauntChief Revenue OfficerSale12,825$26.63$341.5KForm 4
Aug 4, 2026Melwani PraveerCFO and TreasurerSale40,000$26.63$1.1MForm 4
Aug 4, 2026Herb TylerChief Accounting OfficerSale709$26.00$18.4KForm 4
Aug 3, 2026Herb TylerChief Accounting OfficerSale1,536$26.00$39.9KForm 4
Jul 29, 2026Mulligan BrendanGeneral Counsel and SecretarySale18,213$25.00$455.3KForm 4
Jul 29, 2026Rasmussen KrisFormer Chief Technology Off.Sale261,301$25.07$6.6MForm 4
Jul 29, 2026Melwani PraveerCFO and TreasurerSale381,288$25.13$9.6MForm 4
Jul 14, 2026Voskanian ShauntChief Revenue OfficerSale11,219$23.92$268.4KForm 4
Jul 6, 2026Voskanian ShauntChief Revenue OfficerSale8,629$20.62$177.9KForm 4
Jul 6, 2026Melwani PraveerCFO and TreasurerSale30,460$20.48$623.8KForm 4
Jun 3, 2026Voskanian ShauntChief Revenue OfficerSale87,510$23.01$2.0MForm 4

All 103 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Dylan FieldChief Executive Officer and President34$500.0K$864.4M43
2025Kris RasmussenChief Technology Officer43$500.0K$175.0M43
2025Shaunt VoskanianChief Revenue Officer43$425.0K$878.4K43
2024Dylan FieldChief Executive Officer and President34$495.8K$5.5M43
2024Shaunt VoskanianChief Revenue Officer43$393.8K$1.0M43
2023Shaunt VoskanianChief Revenue Officer43$325.0K$630.5K43
2023Dylan FieldChief Executive Officer and President34$459.9K43

Money raised

Private offerings the company reported to the SEC on Form D.

  1. May 15, 2024Raised $415.7 million in a private offering of equity Form D: 53 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Greylock XIV GP LLC58,420,365$1.1B100.0%No change
Index Venture Associates VI Ltd54,808,069$991.5M47.4%−2,850,000
Sc Us (ttgp), Ltd.26,728,172$483.5M1.5%+1
Fmr LLC17,519,489$316.9M0.0%−3,215,959
Two Sigma Investments, LP12,727,784$230.2M0.2%+1,569,435
UBS Group AG12,490,478$226.0M0.0%+4,437,520
Vanguard Portfolio Management LLC10,412,646$188.4M0.0%+412,517
Vanguard Capital Management LLC8,778,864$158.8M0.0%+87,892
Goldman Sachs Group Inc8,218,333$148.7M0.0%+2,021,645
Citadel Advisors LLC7,581,377$137.1M0.1%+4,748,634
Bank Of America Corp /de/6,867,913$124.2M0.0%+2,687,338
Morgan Stanley6,847,637$123.9M0.0%+1,346,644
BlackRock, Inc.6,071,880$109.8M0.0%+5,757,519
a16z Capital Management, L.L.C.5,983,308$108.2M0.8%−10,028,070
Baillie Gifford & Co5,569,944$100.8M0.1%−5,115
Point72 Asset Management, L.P.5,411,251$97.9M0.2%New
Voloridge Investment Management, LLC4,830,513$87.4M0.4%+2,528,456
Thrive Capital Management, LLC4,396,636$79.5M2.1%No change
Bamco Inc /ny/4,264,145$77.1M0.1%+2,211,941
Cosmic Management, LLC4,054,988$73.4M19.2%No change
ARK Investment Management LLC3,042,015$55.0M0.4%−350,854
Renaissance Technologies LLC3,027,800$54.8M0.1%+2,393,300
Healthcare Of Ontario Pension Plan Trust Fund2,839,281$51.4M0.1%+2,396,528
Millennium Management LLC2,833,219$51.3M0.0%+1,415,558
Arrowstreet Capital, Limited Partnership2,693,971$48.7M0.0%+962,643

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

6 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Dec 26, 2025Cleo FieldsDemocratic, HouseSale$15,001 - $50,000Report
Dec 26, 2025Cleo FieldsDemocratic, HousePartial sale$1,001 - $15,000Report
Oct 10, 2025Cleo FieldsDemocratic, HouseBuy$1,001 - $15,000Report
Sep 10, 2025Cleo FieldsDemocratic, HouseBuy$1,001 - $15,000Report
Aug 1, 2025Cleo FieldsDemocratic, HouseBuy$15,001 - $50,000Report
Aug 1, 2025Cleo FieldsDemocratic, HouseBuy$1,001 - $15,000Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Figma Inc is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARFigma, Inc.2
  • CIK0001579878
  • Employer ID (EIN)46-28430878
  • Filer statusNon-accelerated filer an emerging growth company; not a smaller reporting company; not a shell company8
  • Incorporated inDelaware8
  • Fiscal year endsDecember 312
  • Industry code (SIC)7372 Services-Prepackaged Software2
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance2
  • Business address760 Market St., Floor 5, San Francisco, CA 941022
  • Phone415-890-54042
  • Shares outstanding441,125,332 Common Class A shares; 80,590,776 Common Class B shares as of Feb 13, 20268
  • Public float$0 as of Jun 30, 20255
  • AuditorErnst & Young LLP, San Jose, California PCAOB ID 42; no auditor attestation of internal control over financial reporting8
  • On EDGAR sinceJun 25, 20132
  • Filings364 in all: 4 (178), 144 (113), 3 (18), 8-K (7), D (7), SCHEDULE 13G (7), 10-Q (4), CORRESP (4)2
    All 27 form types

    S-8 (3), UPLOAD (3), S-1/A (2), SCHEDULE 13D/A (2), SCHEDULE 13G/A (2), 10-K (1), 4/A (1), 424B4 (1), 8-A12B (1), ARS (1), CERT (1), DEF 14A (1), DEFA14A (1), DRS (1), DRS/A (1), DRSLTR (1), EFFECT (1), S-1 (1), SCHEDULE 13D (1)

  • Latest filingsAnnual report (10-K) Feb 18, 2026
    Quarterly report (10-Q) Aug 5, 2026
    Proxy statement (DEF 14A) Apr 22, 2026
    Latest 8-K (8-K) Aug 5, 2026

Securities registered for trading

ClassSymbolExchange
Class A common stock, par value $0.00001FIGThe New York Stock Exchange

From the cover page of the 10-K filed Feb 18, 2026 (Section 12(b) of the Exchange Act).8

Risk factors and legal proceedings

The risks Figma Inc names in Item 1A of its 10-K filed Feb 18, 2026: 60 risks under these headings, as written.8

  • We have experienced rapid growth which may not be indicative of our future growth, and if we do not effectively manage our future growth, our business, operating results, financial condition, and future prospects may be adversely affected. Our rapid growth also makes it difficult to evaluate future prospects.
  • Our operating results may fluctuate significantly, which could make our future results difficult to predict and could cause our operating results to fall below expectations.
  • We have a limited operating history at our current scale, which makes it difficult to evaluate our current business and future prospects and increases the risks associated with your investment.
  • Changes in our pricing, packaging, or billing models could adversely affect our business, operating results, financial condition, and future prospects.
  • Over time, we expect to introduce products, features, and services, or otherwise implement pricing and packaging models, that are billed differently than on a per-seat subscription basis, which could adversely affect our business, operating results, financial condition, and future prospects.
  • If we are unable to attract new customers or retain and increase adoption of our products and services by existing customers, we may not achieve the growth we expect, which would adversely affect our business, operating results, financial condition, and future prospects.
  • If we are not able to effectively introduce enhancements to our platform, including new offerings, features, and functionality, that achieve widespread market adoption, or keep pace with technological developments, our business, operating results, and financial condition could be adversely affected.
  • Competitive developments in AI and our inability to effectively respond to such developments could adversely affect our business, operating results, and financial condition.
  • We face intense competition and could lose market share to our competitors, which would adversely affect our business, operating results, financial condition, and future prospects.
  • Our product and investment decisions may negatively impact our short-term financial results and may not produce the long-term benefits that we expect.
  • The markets for our products and services are relatively new and unproven and may not grow, which would adversely affect our business, operating results, financial condition, and future prospects.
  • Our use of AI in our products and services may result in reputational harm, legal liability, competitive risks, and regulatory concerns that could adversely affect our business, operating results, and financial condition.
The other 48 risks
  • Existing and future acquisitions, strategic investments, partnerships, or alliances could be difficult to identify and integrate, divert the attention of key management personnel, disrupt our business, dilute stockholder value, and adversely affect our business, operating results, financial condition, and future prospects.
  • Adverse global macroeconomic conditions or reduced software spending could adversely affect our business, operating results, and financial condition.
  • Security and privacy breaches may adversely impact our business, operating results, and financial condition.
  • If we do not or cannot maintain the compatibility of our platform with our customers’ existing technology, including third-party technologies that our customers use in their businesses, our business, operating results, and financial condition may be adversely affected.
  • If our platform fails to perform properly, whether due to material defects with the software or external issues, our reputation could be adversely affected, our market share could decline, and we could be subject to claims for refunds, credits, damages, indemnity, or other forms of liability, including lawsuits.
  • If we are not able to maintain and enhance our brand and reputation, our business, operating results, and financial condition may be adversely affected.
  • We host our platform on Amazon Web Services. Any disruption in the operations of Amazon Web Services, limitations on capacity, or interference with our use could adversely affect our business, operating results, and financial condition.
  • We rely on third-party service providers for critical components of our operations, and disruptions or changes in those services could adversely affect our business.
  • Our estimates of market opportunity and forecasts of market growth may prove to be inaccurate, and even if the markets in which we compete achieve the forecasted growth, our business could fail to grow at similar rates, if at all.
  • Key business metrics and other estimates are subject to inherent challenges in measurement and to change as our business evolves, and our business, operating results, financial condition, and future prospects could be adversely affected by real or perceived inaccuracies in those metrics or any changes in metrics we disclose.
  • Our business involves hosting user-generated and third-party content, which may present certain legal and reputational risks.
  • Our long-term success depends, in part, on our ability to increase sales of our platform to customers located outside of the United States and our current, and any further, expansion of our international operations exposes us to risks that could have an adverse effect on our business, operating results, and financial condition.
  • Our ability to maintain customer satisfaction depends in part on the quality of our customer support. Failure to maintain high-quality customer support could have an adverse effect on our business, operating results, financial condition, and future prospects.
  • Because we primarily recognize subscription revenue over the subscription term, downturns or upturns in new sales and renewals are not immediately reflected in full in our operating results.
  • We make our platform available to users free of charge on our Starter plan. If this fails to lead to customers purchasing paid subscriptions, our business, operating results, and financial condition may be adversely affected.
  • Our sales cycles can be long and unpredictable, and our sales and post-sales efforts require considerable time and expense.
  • Sales to government entities are subject to a number of challenges and risks.
  • We rely on Dylan Field, our Chair of our Board of Directors, Chief Executive Officer, and President, other members of our management team, and other key employees and will need additional personnel to grow our business, and the loss of one or more key employees or our inability to hire, integrate, train, manage, retain, and motivate qualified personnel, including members of our Board of Directors, could harm our business.
  • If we do not effectively integrate, train, manage, and retain product, design, engineering, and sales personnel, and expand our product, design, engineering, and sales capabilities, we may be unable to increase our customer base and increase sales to our existing customers.
  • We believe that our company culture has contributed to our success, and if we cannot maintain this culture as we grow, we could lose the innovation, creativity, and teamwork fostered by our culture, and our business may be harmed.
  • Failure to obtain, maintain, protect, or enforce our intellectual property and proprietary rights could enable others to copy or use aspects of our platform without compensating us, which could harm our brand, business, and operating results.
  • Third parties have claimed and may claim that our platform infringes, misappropriates, or otherwise violates their intellectual property rights and such claims could be time-consuming or costly to defend or settle, result in the loss of significant rights, or harm our relationships with our customers or reputation in the industry.
  • Some of our technology incorporates “open source” software, which could under certain circumstances materially and adversely affect our ability to sell our platform and subject us to possible litigation.
  • We license technology from third parties for the development of our products, and our inability to maintain those licenses could harm our business.
  • We are subject to governmental economic sanctions requirements and export and import controls that could impair our ability to compete in international markets or subject us to liability if we are not in compliance with applicable laws.
  • We are subject to anti-bribery, anti-corruption, and similar laws and non-compliance with such laws can subject us to criminal penalties or significant fines and harm our business and reputation.
  • Compliance with rapidly evolving U.S. federal, state, and foreign laws relating to the handling of information about individuals involves significant expenditure and resources and if we fail to adequately protect personal data or other information we collect, receive, store, and process under applicable laws, our business, operating results, and financial condition could be adversely affected.
  • We are subject to European digital services and content moderation regulations, which impose evolving compliance requirements that may impact how we offer our products in Europe.
  • We may become involved in litigation that may adversely affect us.
  • If we fail to maintain an effective system of internal controls, our ability to produce timely and accurate financial statements or comply with applicable regulations could be impaired.
  • We incur significant costs and management resources as a result of operating as a public company.
  • If our estimates or judgments relating to our critical accounting policies prove to be incorrect or financial reporting standards or interpretations change, our operating results could be adversely affected.
  • Our Revolving Credit Facility contains restrictive and financial covenants that may limit our operational flexibility. If we fail to meet our obligations under the credit facility, our operations may be interrupted and our business, operating results, and financial condition could be adversely affected.
  • We may require additional capital to fund our business and support our growth, and any inability to generate or obtain such capital may adversely affect our business, operating results, and financial condition.
  • We are exposed to fluctuations in currency exchange rates, which may be exacerbated in the future and could negatively affect our business, operating results, and financial condition.
  • We could be subject to additional tax liabilities and U.S. federal and global income tax reform could adversely affect us.
  • Our ability to use our deferred tax assets may be subject to certain limitations under U.S. or foreign law.
  • The market price of our Class A common stock may be volatile, and you could lose all or part of your investment.
  • The multi-class structure of our common stock has the effect of concentrating voting power with Dylan Field, our Chair of our Board of Directors, Chief Executive Officer, and President, which will limit your ability to influence the outcome of important transactions, including a change in control.
  • The multi-class structure of our common stock may adversely affect the trading market for our Class A common stock.
  • Sales of substantial amounts of our Class A common stock in the public markets, or the perception that they might occur, could cause the market price of our Class A common stock to decline.
  • If financial analysts issue inaccurate or unfavorable research regarding our Class A common stock, our stock price and trading volume could decline.
  • Any future issuance of our Class C common stock may have the effect of further concentrating voting control in our Class B common stock, may discourage potential acquisitions of our business, and could have an adverse effect on the market price of our Class A common stock.
  • We do not intend to pay dividends in the foreseeable future. As a result, your ability to achieve a return on your investment will depend on appreciation in the price of our Class A common stock.
  • We may be adversely affected by natural disasters, pandemics, and other catastrophic events, and by man-made problems such as geopolitical instability, warfare, and uncertainty, that could disrupt our business operations, and our business continuity and disaster recovery plans may not adequately protect us from a serious disaster.
  • We are an “emerging growth company” and the reduced reporting requirements applicable to emerging growth companies could make our Class A common stock less attractive to investors.
  • Provisions in our charter documents and under Delaware law could make an acquisition of us, which may be beneficial to our stockholders, more difficult and may limit attempts by our stockholders to replace or remove our current management.
  • Our restated bylaws contain exclusive forum provisions for certain claims, which may limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, or employees.

Legal proceedings

From time to time we may become involved in legal proceedings or be subject to claims arising in the ordinary course of our business. We are not presently a party to any legal proceedings that, if determined adversely to us, would individually or taken together have a material adverse effect on our business, operating results, cash flows, or financial condition. Defending legal proceedings is costly and can impose a significant burden on management and employees. The results of any current or future litigation cannot be predicted with certainty, and regardless of the outcome, litigation can have an adverse impact on us because of defense and settlement costs, diversion of management resources, and other factors. For more information, see Note 11 “Commitments and Contingencies – Legal Matters” to our consolidated financial statements included in Part II, Item 8 of this Annual Report on Form 10-K.

The opening of Item 3, Legal Proceedings.8

Sources

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