v3.25.4

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents	$ 403,469	$ 486,954
Digital assets, current	15,575	0
Marketable securities	1,252,474	970,883
Accounts receivable, net	247,915	131,315
Prepaid expenses and other current assets	85,267	48,873
Total current assets	2,004,700	1,638,025
Property and equipment, net	19,996	15,017
Intangible assets, net	19,083	2,511
Digital assets, non-current	15,116	0
Goodwill	101,396	11,398
Operating lease right-of-use assets	57,411	28,806
Restricted cash	9,799	3,631
Other assets	120,706	93,760
Total assets	2,348,207	1,793,148
Liabilities and stockholders’ equity
Accounts payable	4,502	4,163
Accrued and other current liabilities	66,535	31,119
Accrued compensation and benefits	107,105	19,377
Operating lease liabilities, current	2,630	10,937
Deferred revenue	595,334	381,363
Total current liabilities	776,106	446,959
Operating lease liabilities, non-current	55,845	17,833
Other non-current liabilities	5,615	4,303
Total liabilities	837,566	469,095
Commitments and contingencies (Note 11)
Stockholders’ equity:
Preferred stock, value		329,441
Additional paid-in capital	2,950,007	1,186,207
Accumulated other comprehensive income	4,003	1,314
Accumulated deficit	(1,443,373)	(192,910)
Total stockholders’ equity	1,510,641	1,324,053
Total liabilities and stockholders’ equity	2,348,207	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-K