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Figma10-K: Internal control weakness

Figma reports financial losses from credit card fraud and platform abuse.

What happened

The company has experienced financial losses from bad debt and chargebacks due to credential sharing, credit card fraud, and abuse of its education offerings. This indicates a weakness in user verification and payment security controls, creating a need for fraud prevention and identity management solutions.

Source

SEC EDGARFeb 18, 2026

Annual report (Form 10-K)

Figma 10-K for FY2025

Filing excerpt

we have experienced instances of credential sharing, abuse of our Figma for Education offerings, credit card fraud, and other instances of misuse or fraud on our platform that resulted in bad debt, chargebacks, or other losses to us.

sec.gov/Archives/edgar/data/1579878/000162828026009228/fig-20251231.htmRead the full source

Other signals in this filing (11)

Extracted by Autobound

From the Signal API record
Signal
10-K: Internal control weakness

What this signalsFilings often name leadership changes, deals and spending plans.

Period
FY2025
Fiscal year end
12/31
Filed
Feb 18, 2026

More 10-K signals at other companies

The full record

From the Signal API record

Details

CIK
1579878
Accession number
0001628280-26-009228
Timeframe
Current year
Filing year
2026
Why it matters
Compliance monitoring needed
Signal category
Risk

Topics and mentions

Technologies

  • AI
  • multi-factor authentication
  • data encryption

Vendors

  • Payload CMS
  • Inc.
  • Weavy Inc.

Regions named

  • United States
  • European Economic Area
  • UK

Vendors named

  • Payload CMS, Inc.
  • Weavy Inc.

Extraction

Confidence
High
Relevance
90%
Sentiment
Negative
Detected
Feb 24, 2026
signal_type
sec-10k
signal_subtype
internalControlWeakness

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The API returns more than this page shows

This page shows a preview. The full sec-10k record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/37217a0a-a706-4834-ab4b-7f51d998d663 returns this record as JSON. POST /v1/companies/enrich returns every signal for figma.com.

{
  "signal_id": "37217a0a-a706-4834-ab4b-7f51d998d663",
  "signal_type": "sec-10k",
  "signal_subtype": "internalControlWeakness",
  "detected_at": "2026-02-24T09:30:01.093+00:00",
  "company": {
    "name": "Figma",
    "domain": "figma.com"
  },
  "data": {
    "detail": "The company has experienced financial losses from bad debt and chargebacks due to credential sharing, credit card fraud, and abuse of its education offerings. This indicates a weakness in user verification and payment security controls, creating a need for fraud prevention and identity management solutions.",
    "metrics": {
      "timeframe": "current_year"
    },
    "summary": "Figma reports financial losses from credit card fraud and platform abuse.",
    "excerpts": "we have experienced instances of credential sharing, abuse of our Figma for Education offerings, credit card fraud, and other instances of misuse or fraud on our platform that resulted in bad debt, chargebacks, or other losses to us.",
    "relevance": 0.9,
    "sentiment": "negative",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/1579878/000162828026009228/fig-20251231.htm",
    "filing_date": "2026-02-18",
    "filing_year": 2026,
    "fiscal_year_end": "12/31",
    "sales_relevance": "Compliance monitoring needed",
    "signal_category": "risk",
    "regions_mentioned": [
      "United States",
      "European Economic Area",
      "UK"
    ],
    "vendors_mentioned": [
      "Payload CMS, Inc.",
      "Weavy Inc."
    ],
    "technologies_mentioned": [
      "AI",
      "multi-factor authentication",
      "data encryption"
    ]
  }
}

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