v3.25.3

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents	$ 340,485	$ 486,954
Digital assets	30,320	0
Marketable securities	1,237,048	970,883
Accounts receivable, net	156,004	131,315
Prepaid expenses and other current assets	79,904	48,873
Total current assets	1,843,761	1,638,025
Property and equipment, net	17,946	15,017
Intangible assets, net	16,044	2,511
Goodwill	24,541	11,398
Operating lease right-of-use assets	60,728	28,806
Restricted cash	9,799	3,631
Other assets	100,406	93,760
Total assets	2,073,225	1,793,148
Liabilities and stockholders’ equity
Accounts payable	13,364	4,163
Accrued and other current liabilities	51,840	31,119
Accrued compensation and benefits	79,031	19,377
Operating lease liabilities, current	4,677	10,937
Deferred revenue	473,567	381,363
Total current liabilities	622,479	446,959
Operating lease liabilities, non-current	56,559	17,833
Other non-current liabilities	5,667	4,303
Total liabilities	684,705	469,095
Commitments and contingencies (Note 8)
Stockholders’ equity:
Additional paid-in capital	2,601,900	1,186,207
Accumulated other comprehensive income	3,432	1,314
Accumulated deficit	(1,216,816)	(192,910)
Total stockholders’ equity	1,388,520	1,324,053
Total liabilities and stockholders’ equity	2,073,225	1,793,148
Convertible preferred stock
Stockholders’ equity:
Preferred stock, value	0	329,441
Preferred stock
Stockholders’ equity:
Preferred stock, value	0	0
Blockchain
Stockholders’ equity:
Common stock, value	0	0
Common Class A
Stockholders’ equity:
Common stock, value	4	1
Common Class B
Stockholders’ equity:
Common stock, value	0	0
Common Class C
Stockholders’ equity:
Common stock, value	$ 0	$ 0

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Figma, Inc. 10-Q