Figma (NYSE:FIG) Posts Earnings Results, Beats Expectations By $0.28 EPS

Figma (NYSE:FIG) released its quarterly earnings results on Wednesday. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.28, FiscalAI reports. Figma had a negative return on equity of 103.94% and a negative net margin of 121.87%.The company had revenue of $303.78 million for the quarter. The firm’s revenue was up 40.1% compared to the same quarter last year.

Here are the key takeaways from Figma’s conference call:

• Record Q4 and FY 2025 results — $304M revenue in Q4 (+40% YoY), $1.056B for the year (+41%), net dollar retention of 136% for >$10k ARR customers, and $1.7B in cash and equivalents.
• Strong product and AI momentum — expanded to eight products, launched 200+ features including AI-native capabilities, Figma Make WAUs grew >70% QoQ, and new integrations (Claude Code) plus the Weavy acquisition broaden creative and production workflows.
• 2026 guidance shows slower growth and margin compression — full‑year revenue guide of ~$1.366–1.374B (~30% growth midpoint) and non‑GAAP operating margin targeted near 8% at midpoint, reflecting accelerated AI and go‑to‑market investments.
• Shift to seat + AI credits monetization starting in March introduces a new consumption revenue stream that could boost upside but requires monitoring as usage patterns and predictability evolve.
• Near-term cost and dilution pressures — Q4 adjusted FCF hit by infrastructure investments, timing of vendor payments and a one‑time $25M IP transfer tax, plus elevated 2025 stock‑based compensation that could dilute results (management calls much of it one‑time).

Figma Price Performance

NYSE FIG opened at $25.86 on Friday. Figma has a 12 month low of $19.85 and a 12 month high of $142.92. The company has a market capitalization of $10.76 billion and a P/E ratio of -8.29. The company’s 50 day simple moving average is $31.13 and its 200 day simple moving average is $47.10.

Key Stories Impacting Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Q4 beat and stronger-than-expected guidance — Figma reported revenue of $303.8M (up ~40% YoY) and topped EPS estimates, then issued FY revenue guidance implying ~30% growth, which surprised the market on the upside. Reuters: Figma forecasts annual revenue above estimates
• Positive Sentiment: AI monetization & product integrations look actionable — management outlined AI credit limits and pay-as-you-go pricing for heavy AI users and highlighted the Anthropic “Code to Canvas” integration, which positions Figma as the interface for AI-generated UIs (a clear monetization lever). MarketBeat: Figma’s Anthropic Integration Could Flip the SaaSpocalypse Script
• Positive Sentiment: Enterprise expansion and retention are strong — net dollar retention rose to ~136% and the count of >$100k ARR customers grew meaningfully, supporting higher revenue per customer and stickiness that underpins upside to reiterated guidance. BusinessWire: Figma Q4 & FY 2025 Results
• Neutral Sentiment: Unusually large options buying — heavy call activity suggests speculative bullish positioning that can amplify moves but is not a fundamental endorsement.
• Negative Sentiment: Guidance still implies a step-down from Q4 acceleration and pressure on margins — management signaled slower top-line growth next year (~30% vs Q4’s 40%) and indicated non‑GAAP operating margin could decline as R&D and sales investments continue. Seeking Alpha: Figma — Good Company, Good Q4, Questionable Entry Point
• Negative Sentiment: Valuation/insider selling and high volatility remain risks — shares were well off post‑IPO highs and insiders sold after lockup expirations, creating near-term supply and keeping the risk/reward disputed despite the beat. MarketBeat: Price vs. Value discussion

Insider Activity at Figma

In other Figma news, CTO Kris Rasmussen sold 205,438 shares of the company’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $25.01, for a total value of $5,138,004.38. Following the transaction, the chief technology officer owned 10,418,905 shares of the company’s stock, valued at approximately $260,576,814.05. This represents a 1.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dylan Field sold 250,000 shares of the stock in a transaction on Monday, November 24th. The shares were sold at an average price of $34.76, for a total value of $8,690,000.00. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 1,781,925 shares of company stock worth $59,260,303. 45.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Figma

A number of hedge funds and other institutional investors have recently modified their holdings of FIG. Voya Investment Management LLC acquired a new stake in Figma during the 3rd quarter worth about $3,412,000. VERITY Wealth Advisors acquired a new stake in shares of Figma during the third quarter valued at approximately $519,000. Tripletail Wealth Management LLC acquired a new stake in shares of Figma during the third quarter valued at approximately $53,000. Renaissance Capital LLC purchased a new stake in shares of Figma in the 3rd quarter valued at approximately $2,439,000. Finally, SOA Wealth Advisors LLC. acquired a new position in Figma in the 3rd quarter worth approximately $39,000.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wells Fargo & Company lowered their price target on Figma from $52.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday. JPMorgan Chase & Co. decreased their target price on shares of Figma from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. The Goldman Sachs Group set a $35.00 price target on shares of Figma in a research report on Thursday. Morgan Stanley set a $44.00 price target on shares of Figma in a research note on Thursday. Finally, Wall Street Zen upgraded shares of Figma from a “sell” rating to a “hold” rating in a report on Sunday, February 8th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $43.25.

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.