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Siddharth K Nair

Thatmoonemojiguy 🌝 • 21h

Figma Files for IPO with 91% Margins. This Is SaaS at Its Peak. 🤑 $821M in revenue last year 📈 46% YoY growth 💰 91% gross margins 📦 18% operating margin 🏦 $1.5B in cash 💸 Zero. Debt. And guess what? Figma isn’t some enterprise giant. It’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 didn’t stop there. They layered smart products: 🧠 FigJam – whiteboarding 🛠️ Dev Mode – handoff for engineers 🖼️ Slides – team presentations They boosted revenue per user, not just user count. Today, 76% of users use 2+ products. And they’re sitting at 132% net dollar retention. This is what happens when: ✅ Real-time collaboration works in the browser ✅ Product expansion is actually useful ✅ SaaS compounds Figma didn’t just design tools. They designed a growth engine.

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