Figma
Verified“American to the core; the EU only borrows its files.”
- Listing
- NYSE: FIG
- Monthly active users
- 13 million
- Revenue
- $749M (FY2024)
- Employees
- ~2,726
14 = midpoint of Control 10 & Data 17
Sovereignty Quadrant
Control ↑ who owns & governs the company · Data → where your data lives. Every dot is a company — click to open it.
Every number below traces to 14 sourced facts across 9 independent sources, last verified 2026-06-12. 3 open questions hold confidence at 88% — they lower confidence, never the score.
Control ↑
Who legally and economically controls the company
Legal & Jurisdiction
12
Incorporated in Delaware, run from San Francisco, terms governed by California law, and a US SEC registrant. EU law reaches it only contractually (SCCs, EU/UK GDPR representatives) as a data processor, not via establishment.
Why 12? 4 sourced facts · click to expand
Figma, Inc. was incorporated in Delaware in October 2012 with principal executive offices in San Francisco.
SEC Form S-1 (Figma, Inc.) · as of 2025-07-01
Figma's customer agreement and Terms are governed by the laws of the State of California.
Figma Software Services Agreement · as of 2025-01-10
For EEA/UK transfers Figma relies on EU Commission Standard Contractual Clauses (Module 2) and the UK Addendum, acting as data processor with EU and UK GDPR representatives (Figma GmbH, Berlin; Figma UK Ltd., London).
Figma Data Processing Addendum · as of 2025-01-10
Figma self-certifies to the EU-U.S. Data Privacy Framework, the mechanism for moving EU personal data to the US.
Figma Privacy Policy · as of 2025-01-10
Control & Ownership
8
NYSE-listed with a dual-class structure giving CEO Dylan Field roughly 75% of voting power via 15-vote Class B shares; voting control and listing economics are wholly US/global, with no meaningful EU ownership.
Why 8? 3 sourced facts · click to expand
Figma began trading on the NYSE under ticker FIG on July 31, 2025, after pricing its IPO at $33.
CNBC · as of 2025-07-31
Class B shares carry 15 votes each versus 1 for Class A, concentrating voting power with co-founder/CEO Dylan Field.
SEC Form S-1 (Figma, Inc.) · as of 2025-07-01
Dylan Field controls approximately 75% of total voting power, including votes from co-founder Evan Wallace's family trust shares.
Yahoo Finance (S-1 takeaways) · as of 2025-07-01
Data →
Where your data lives and who can reach it
Data & Infrastructure
22
Entire service runs on AWS; an opt-in EU data-residency option (Frankfurt/Dublin) covers only file contents at-rest for Enterprise customers and excludes metadata, login data, billing and AI, while remaining on a US hyperscaler exposed to the CLOUD Act.
Why 22? 4 sourced facts · click to expand
Figma's Data Residency Solution is hosted on AWS data centers regardless of region chosen, using eu-central-1 (Frankfurt) primary and eu-west-1 (Dublin) for recovery.
Figma Help Center (EU localized hosting) · as of 2026-06-01
EU hosting is available only to Enterprise-plan customers and applies to data at-rest, not in-transit.
Figma Blog (EU hosting) · as of 2023-09-25
User metadata, login data, billing information, comments, file names, fonts, Dev Mode and AI chats are explicitly excluded from EU localization and stay centralized.
Figma Help Center (EU localized hosting) · as of 2026-06-01
Personal data is transferred to the US for processing, safeguarded by Standard Contractual Clauses and the EU-U.S. DPF.
Figma Data Processing Addendum · as of 2025-01-10
Operations & People
10
Headquartered and led from San Francisco, US-centered workforce, and US-dollar financials reported to the SEC; EU presence is limited to GDPR-representative entities, not operational center of gravity.
Why 10? 3 sourced facts · click to expand
Figma's principal executive offices are at 760 Market Street, San Francisco, California.
SEC Form S-1 (Figma, Inc.) · as of 2025-07-01
Figma reported FY2024 revenue of $749 million, in US dollars, in its US SEC filing.
Tomasz Tunguz (S-1 analysis) · as of 2025-07-01
Figma's EU/UK operational footprint is limited to GDPR-representative entities Figma GmbH (Berlin) and Figma UK Ltd. (London).
Figma Data Processing Addendum · as of 2025-01-10
Aligned to the EU Commission’s official Cloud Sovereignty Framework (SEAL, Jun 2026) →
What we don’t know
3 open questions — they lower confidence, never the score
- ?
What share of Figma's economic ownership (Class A + B) sits with EU-domiciled investors post-IPO?
Could marginally raise the ownership read, but voting control is firmly with Dylan Field regardless.
- ?
Does Figma offer or plan a fully EU-sovereign hosting tier (EU-operated cloud, EU keys, metadata included) beyond the AWS at-rest residency?
Would materially change the infra score; current evidence shows only partial AWS-based at-rest residency.
- ?
Exact current global vs EU employee distribution as of 2026.
Affects precision of the operations score, though SF-centered leadership is clear.
EU Cloud Sovereignty Framework lens
The EU Cloud Sovereignty Framework formally targets cloud service providers, not SaaS apps; the rows below are an analogous mapping for orientation, not a certification.
Strategic
US-headquartered, NYSE-listed, founder-controlled; strategic direction set entirely from San Francisco with no EU governance lever.
Legal & jurisdictional
Delaware incorporation, California governing law, US SEC registrant; EU reaches it only via SCCs, the EU-U.S. DPF and GDPR-representative entities.
Data & AI
Opt-in EU file-content residency exists, but metadata, login data, AI chats and comments stay centralized in the US.
Operational
Leadership, workforce and USD reporting are US-centered; EU footprint limited to GDPR-rep entities in Berlin and London.
Supply chain
Core infrastructure depends on AWS, a US hyperscaler, across all regions including the EU residency option.
Technological
No EU-owned or EU-operated infrastructure; technology stack and IP controlled from the US.
Security & compliance
Holds SOC 2 Type II, ISO 27001/27018 and adheres to the EU Cloud Code of Conduct (Level 2), but underlying control sits with a US provider exposed to the CLOUD Act.
Environmental sustainability
No Figma-specific EU sustainability disclosure reviewed; inherits AWS data-center environmental profile.
EU alternatives
Open-source design and prototyping tool from Kaleidos (Spain); self-hostable in the EU, giving full data and infrastructure sovereignty as a genuine Figma alternative.
A Figma-like collaborative design tool, but China-based; not an EU-sovereignty improvement and listed only for completeness.
Self-hosting Penpot on an EU-sovereign cloud removes US hyperscaler exposure, but requires in-house ops and lacks Figma's feature breadth and AI tooling.
How the method works
Methodology v2 (provisional): the score is the midpoint of two axes — Control (who owns and governs the company) and Data (where your data lives and who can reach it). Each axis is scored only on verified evidence; unknowns reduce confidence, never the score. Every input below is sourced; the weights and judgments are open to challenge.
Spotted an error? Every claim is sourced — challenge it and we correct the record.
- 2026-06-12 — Initial golden profile, authored from primary sources (human + AI review).
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Verified 2026-06-12 · Human + AI joint review (sources independently checked) · Methodology