Figma (NYSE:FIG) Shares Gap Up on Earnings Beat

Figma, Inc. (NYSE:FIG)’s share price gapped up prior to trading on Thursday after the company announced better than expected quarterly earnings. The stock had previously closed at $24.19, but opened at $26.00. Figma shares last traded at $24.78, with a volume of 26,216,348 shares traded.

The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.28. Figma had a negative return on equity of 84.34% and a negative net margin of 99.32%.The business had revenue of $303.78 million for the quarter. Figma’s revenue was up 40.1% compared to the same quarter last year.

Figma News Roundup

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Q4 beat and raised guidance — Figma reported $0.08 EPS (vs. consensus -$0.20) and $303.8M revenue (up 40% YoY), then guided FY‑2026 revenue above Street expectations (~$1.366–1.374B). This beat-and-raise is the primary driver of the rally. Reuters: Figma forecasts annual revenue above estimates
• Positive Sentiment: AI monetization: management will start enforcing monthly AI credit limits and roll out pay-as-you-go pricing for heavy AI users in March — a consumption-based revenue stream that can lift revenue per customer as AI usage scales. Yahoo Finance: Valuation check and AI usage-based pricing
• Positive Sentiment: Anthropic partnership & product adoption — the “Code to Canvas” integration with Anthropic (Claude) and strong uptake of Figma Make broaden the user base beyond designers, embedding Figma into developer workflows and increasing stickiness. Market stats cited include net dollar retention of ~136% and faster non-designer adoption. MarketBeat: Anthropic integration could flip SaaSpocalypse script
• Positive Sentiment: Healthy cash and improving profitability signals — management highlighted a strong cash balance (~$1.7B), adjusted free cash flow generation and a positive non‑GAAP operating margin, supporting runway for execution and optionality. Diginomica: Figma crosses $1B in revenue
• Neutral Sentiment: Analyst re-ratings and coverage — Piper Sandler reaffirmed an “overweight” and set a $35 PT, which can support upward momentum but is not a fundamental change. Benzinga: Piper Sandler rating
• Neutral Sentiment: Management communication — CEO interviews and the earnings call stressed the AI roadmap and product strategy; useful for conviction but subject to execution risk. YouTube: CEO Dylan Field on Q4 results
• Negative Sentiment: Insider selling and prior valuation haircut — January lock‑up expirations and heavy insider sales earlier in 2026 contributed to the stock’s depressed level versus IPO and 52‑week highs, adding selling pressure and volatility. MarketBeat: Insider selling noted
• Negative Sentiment: Still unprofitable on GAAP metrics and execution risks — Figma reported a large negative net margin and negative ROE; continued profitability improvement and successful commercialization of AI consumption will be required to justify higher multiples. MarketBeat: Q4 results and metrics
• Negative Sentiment: Third‑party AI risks — some investors flagged concerns about deeper integrations with large AI models (security/data risks, vendor concentration), which could temper enthusiasm if issues arise. MSN: Investor concerns over AI integrations

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Barclays raised shares of Figma to a “neutral” rating in a report on Thursday, January 8th. Stifel Nicolaus set a $30.00 target price on shares of Figma and gave the stock a “hold” rating in a research report on Thursday. Piper Sandler reaffirmed an “overweight” rating and set a $35.00 target price on shares of Figma in a research note on Thursday. Morgan Stanley decreased their price target on shares of Figma from $65.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 15th. Finally, Wall Street Zen raised shares of Figma from a “sell” rating to a “hold” rating in a report on Sunday, February 8th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $44.63.

Insiders Place Their Bets

In other Figma news, CTO Kris Rasmussen sold 205,438 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $25.01, for a total transaction of $5,138,004.38. Following the sale, the chief technology officer directly owned 10,418,905 shares of the company’s stock, valued at $260,576,814.05. The trade was a 1.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Dylan Field sold 250,000 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $34.76, for a total value of $8,690,000.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,781,925 shares of company stock valued at $59,260,303 over the last three months. Corporate insiders own 45.20% of the company’s stock.

Hedge Funds Weigh In On Figma

Large investors have recently modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. purchased a new stake in Figma during the 3rd quarter valued at $26,000. NewEdge Advisors LLC bought a new position in Figma during the third quarter valued at $26,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Figma in the third quarter valued at $27,000. Sunbelt Securities Inc. bought a new stake in shares of Figma in the 3rd quarter worth about $30,000. Finally, US Bancorp DE bought a new stake in shares of Figma in the 3rd quarter worth about $31,000.

Figma Trading Up 3.3%

The stock has a market capitalization of $10.39 billion and a PE ratio of -9.32. The business’s 50 day moving average is $31.38 and its 200 day moving average is $47.25.

About Figma

Figma is a San Francisco–based software company that offers a web-based platform for interface design, prototyping and collaboration. Its flagship product, Figma, enables teams to create and refine user interfaces, vector graphics and design systems directly in a browser, eliminating the need for local installations. The platform’s real-time collaboration features allow multiple stakeholders—designers, developers and product managers—to edit and comment simultaneously, streamlining workflows and reducing version control issues.

In addition to its core design tool, Figma provides FigJam, a digital whiteboarding solution that facilitates brainstorming sessions, wireframing and diagramming.