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Do we like Figma?

Collaborative design and prototyping software (Figma Design, FigJam, Figma Make AI), based in San Francisco.

Our score: 6 out of 10. A well-liked product and a fast-growing, public company. A pending class action over AI training on user data is a trust worry, so we'd back them with some caution.

Figma started in 2012. Dylan Field, a Thiel Fellow who left Brown University, co-founded it with Evan Wallace. It grew from a browser-based design tool into the design software many teams use.

It went public on the NYSE in July 2025. Bloomberg reported that Field's pay package included a $2 billion 'moon shot' award tied to share-price targets. That's a lot of pay riding on the stock.

The big drama is the lawsuit. In November 2025 a proposed class action said Figma trained its AI on user data without consent. Figma says it doesn't use customer data to train its models without explicit authorization. Nothing has been decided.

On the business side, Figma's 2026 results show strong growth as it makes money from its AI tools. It raised its full-year revenue outlook, but costs from AI use also drew attention. That's profit news, not good or bad deeds. We give a middling score for now.

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Our take, from what the sources we read say on the day we checked. It can miss things; tap a source to read it.