Figma vs Kingsoft Cloud Holdings
Kingsoft Cloud Holdings is the larger business, with $1.33bn of revenue in fiscal 2025 against $1.06bn for Figma (1.3 times as much). Figma grew faster (41.0% against 22.9%). Kingsoft Cloud Holdings kept more of each dollar of sales as profit: a net margin of -9.8% against -118.4%. Figma carries less debt relative to equity (0.0% against 110.3%).
| Latest fiscal year | FigmaFIG, 2025 | Kingsoft Cloud HoldingsKC, 2025 |
|---|---|---|
| Revenue | $1.06bn | $1.33bn |
| Revenue growth | 41.0% | 22.9% |
| Net income | −$1.25bn | −$130m |
| Operating margin | -122.2% | -8.1% |
| Net margin | -118.4% | -9.8% |
| Return on equity | -88.2% | -12.8% |
| Free cash flow | $246m | — |
| Cash | $403m | $861m |
| Total debt | $0 | $1.47bn |
| Debt to equity | 0.0% | 110.3% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $0 | — |
| Employees | — | — |
| Market value | $11.10bn | $1.87bn |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 3 buys, 158 sales | 0 buys, 2 sales |