Figma (NYSE:FIG) Releases Earnings Results, Beats Expectations By $0.30 EPS

Figma (NYSE:FIG) issued its quarterly earnings data on Wednesday. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.30, FiscalAI reports. Figma had a negative net margin of 123.15% and a negative return on equity of 100.47%. The firm had revenue of $370.08 million during the quarter. During the same period in the previous year, the firm earned $0.09 EPS. The company’s revenue was up 48.2% on a year-over-year basis.

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

• Q2 revenue rose 48% year over year to $370 million, marking the third consecutive quarter of accelerating growth. Net dollar retention remained strong at 136%, while paid customers with more than $10,000 in ARR grew 34%.
• AI credit monetization showed encouraging early traction, with more than 80% of paid customers above $10,000 in ARR consuming credits weekly. Figma raised its full-year revenue outlook by $40 million to $1.463 billion-$1.467 billion, citing credit consumption, customer expansion and strong conversion.
• New AI products are broadening Figma’s usage and potential market, with over 50% of larger paid customers using the Figma Agent weekly and weekly generative-plugin creation more than doubling after launch. Code Layers, Figma Make, Motion, Shaders and Weave are expected to increase engagement and future credit consumption as they move from beta to general availability.
• Non-GAAP gross margin improved to 85% in Q2 as monetized AI usage contributed to results, but management expects near-term margin variability because several AI products remain free in beta while Figma absorbs inference costs. The company plans to continue investing in product and go-to-market efforts, maintaining full-year operating income guidance of $125 million-$135 million.
• Figma announced several leadership changes, including the departure of its chief product officer and chief marketing officer and the search for a new chief technology officer. Although internal successors were named for some roles, the transitions create execution and continuity risk during a major AI product expansion.

Figma Stock Down 1.2%

FIG stock traded down $0.29 during trading on Friday, reaching $23.68. The company’s stock had a trading volume of 21,715,559 shares, compared to its average volume of 18,282,629. The company’s fifty day moving average is $21.75 and its 200-day moving average is $22.76. The company has a market capitalization of $10.55 billion and a P/E ratio of -6.51. Figma has a 1 year low of $16.60 and a 1 year high of $91.00.

Wall Street Analysts Forecast Growth

FIG has been the topic of several analyst reports. Wells Fargo & Company lowered their target price on Figma from $42.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, June 26th. Morgan Stanley set a $33.00 price target on Figma in a research report on Thursday. Piper Sandler reaffirmed an “overweight” rating and issued a $30.00 price objective on shares of Figma in a research note on Thursday, June 25th. JPMorgan Chase & Co. lowered their price objective on Figma from $45.00 to $42.00 and set a “neutral” rating on the stock in a research report on Friday, May 15th. Finally, Citigroup reiterated a “buy” rating on shares of Figma in a research note on Friday. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $32.00.

Trending Headlines about Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Figma delivered a strong second quarter, with revenue rising 48.2% year over year to $370.1 million and adjusted EPS of $0.08 exceeding estimates. Net dollar retention reached 136%, indicating strong customer expansion and engagement. Figma second-quarter results
• Positive Sentiment: Management raised its full-year 2026 revenue outlook to approximately $1.463 billion-$1.467 billion and guided for third-quarter revenue of $373 million-$375 million, above consensus. AI-powered features and the introduction of AI credits are being positioned as new sources of usage and monetization. Figma revenue guidance
• Neutral Sentiment: Some analysts view the decline as a buying opportunity, citing Figma’s rapid growth, 85% gross margins, strong retention and potential for AI credit sales to accelerate revenue and improve long-term profitability. Others remain cautious because the stock’s valuation leaves limited room for execution mistakes. Figma AI credit analysis
• Neutral Sentiment: Several senior executives—including the CFO, CTO, CRO and CAO—sold shares under pre-arranged Rule 10b5-1 plans. The sales totaled roughly $7.3 million, but the executives retained substantial positions, reducing the significance of the transactions as a standalone signal. Figma insider transactions
• Negative Sentiment: The main reason Figma’s stock decreased is concern that its aggressive AI investment will weigh on near-term profitability. AI-related costs are rising, gross margin contracted year over year to about 85%, and the company expects revenue-growth deceleration in upcoming periods. Investors are also questioning whether AI could eventually disrupt Figma’s core design-software market, prompting at least one bearish rating downgrade. Figma AI costs and margins

Insiders Place Their Bets

In other news, CRO Shaunt Voskanian sold 87,510 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $23.01, for a total value of $2,013,605.10. Following the completion of the transaction, the executive owned 1,781,380 shares of the company’s stock, valued at $40,989,553.80. This represents a 4.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Dylan Field sold 174,430 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $25.02, for a total value of $4,364,238.60. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,675,578 shares of company stock valued at $41,729,080 over the last three months. Insiders own 32.26% of the company’s stock.

Hedge Funds Weigh In On Figma

Hedge funds have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. lifted its position in Figma by 69.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 285,055 shares of the company’s stock worth $10,653,000 after buying an additional 116,681 shares during the last quarter. Amova Asset Management Americas Inc. lifted its holdings in shares of Figma by 641.4% in the 1st quarter. Amova Asset Management Americas Inc. now owns 1,467,887 shares of the company’s stock worth $31,031,000 after acquiring an additional 1,269,900 shares during the last quarter. Baillie Gifford & Co. boosted its stake in shares of Figma by 93.8% during the 4th quarter. Baillie Gifford & Co. now owns 5,763,613 shares of the company’s stock worth $215,386,000 after purchasing an additional 2,789,986 shares during the period. Freestone Capital Holdings LLC bought a new position in Figma during the 4th quarter valued at about $10,297,000. Finally, Ieq Capital LLC raised its position in Figma by 1,670.9% in the 4th quarter. Ieq Capital LLC now owns 973,880 shares of the company’s stock worth $36,394,000 after purchasing an additional 918,886 shares during the period.

Figma Company Profile

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.