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Siddharth K Nair

Thatmoonemojiguy ๐ŸŒย โ€ขย 3m

Figma Files for IPO with 91% Margins. This Is SaaS at Its Peak. ๐Ÿค‘ $821M in revenue last year ๐Ÿ“ˆ 46% YoY growth ๐Ÿ’ฐ 91% gross margins ๐Ÿ“ฆ 18% operating margin ๐Ÿฆ $1.5B in cash ๐Ÿ’ธ Zero. Debt. And guess what? Figma isnโ€™t some enterprise giant. Itโ€™s a browser based design tool. So how? Because SaaS scales like magic. Build once. Sell infinite times. Whether 1k users or 10M your cost barely moves. Margins = sky-high. But Figma didnโ€™t stop there. They layered smart products: ๐Ÿง  FigJam โ€“ whiteboarding ๐Ÿ› ๏ธ Dev Mode โ€“ handoff for engineers ๐Ÿ–ผ๏ธ Slides โ€“ team presentations They boosted revenue per user, not just user count. Today, 76% of users use 2+ products. And theyโ€™re sitting at 132% net dollar retention. This is what happens when: โœ… Real-time collaboration works in the browser โœ… Product expansion is actually useful โœ… SaaS compounds Figma didnโ€™t just design tools. They designed a growth engine.

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