Canva Outpaces Figma And Adobe Valuation Comps

Canva reported $4 billion ARR and 35% year-over-year growth, COO Cliff Obrecht said at Web Summit Qatar, with $500 million B2B ARR growing 100%, 265 million MAUs, and 31 million paid users. Using public comps Figma and Adobe, the analysis places Canva's valuation between a $20–24 billion bear case and a $60–72 billion bull case, with a $44–48 billion base case above the $42 billion secondary.
Key Points
- 1Reports $4 billion ARR, 35% growth, 265 million MAUs and 31 million paid users
- 2Shows enterprise traction: $500M B2B ARR growing 100%, creating two distinct growth engines
- 3Implies valuation range: base $44–48B, bear $20–24B, bull $60–72B for IPO planning
Scoring Rationale
Uses authoritative company disclosures and market comps, limited by scenario-driven valuation assumptions and sensitivity to AI-risk repricing.
Sources
Public references used for this report.
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