Figma (NYSE:FIG) Posts Quarterly Earnings Results, Beats Estimates By $0.30 EPS

Figma (NYSE:FIG) posted its earnings results on Wednesday. The company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.22) by $0.30, FiscalAI reports. The company had revenue of $370.08 million during the quarter. Figma had a negative return on equity of 98.51% and a negative net margin of 123.83%.The firm’s revenue for the quarter was up 48.2% compared to the same quarter last year. During the same period last year, the company posted $0.09 earnings per share.

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 Price Performance

Shares of Figma stock traded down $4.38 during trading on Thursday, hitting $23.77. The stock had a trading volume of 33,705,141 shares, compared to its average volume of 18,117,088. The business has a fifty day moving average of $21.74 and a two-hundred day moving average of $22.80. Figma has a fifty-two week low of $16.60 and a fifty-two week high of $91.00. The firm has a market cap of $10.59 billion and a P/E ratio of -6.92.

Key Stories Impacting Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Figma reported second-quarter revenue of $370.1 million, up 48.2% year over year, and adjusted earnings of $0.08 per share, exceeding Wall Street expectations. Figma Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Management raised its full-year 2026 revenue outlook to approximately $1.5 billion, above consensus near $1.4 billion, while forecasting third-quarter revenue of $373 million to $375 million versus an estimate of $362.4 million. Figma lifts annual revenue forecast as AI efforts drive solid demand
• Positive Sentiment: Figma said demand remains strong and that AI features, creative tools, code-related capabilities and agents integrated into its platform are helping attract and retain users. The quarter marked the company’s third consecutive period of accelerating revenue growth. Figma Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Analyst sentiment remains mixed: several firms maintain Buy or Overweight ratings, but the overall consensus is Hold, reflecting concerns about valuation and the path to sustainable profitability.
• Negative Sentiment: Investors appeared more concerned about expanding AI-related expenses and margin pressure than about the revenue beat. Figma continues to report deeply negative GAAP profitability, including a net margin of approximately negative 124%, making cost control a key focus. Figma’s upbeat outlook fails to stem margin worries as AI costs mount
• Negative Sentiment: Figma’s CEO forfeited approximately $46 million in stock following the share decline, adding to negative sentiment around the stock’s performance, although the event appears tied to equity compensation conditions rather than a new operating setback. Figma CEO Forfeits $46 Million in Stock After Share Decline

Analyst Ratings Changes

FIG has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on Figma from $45.00 to $42.00 and set a “neutral” rating for the company in a research report on Friday, May 15th. Oppenheimer reiterated a “market perform” rating on shares of Figma in a research note on Thursday, June 25th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Figma in a report on Thursday. Stifel Nicolaus set a $25.00 price target on shares of Figma in a research report on Friday, May 15th. Finally, Wells Fargo & Company cut their price objective on shares of Figma from $42.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, June 26th. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $32.56.

Insider Activity

In related news, CEO Dylan Field sold 174,430 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $25.02, for a total transaction of $4,364,238.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Brendan Mulligan sold 18,741 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $25.04, for a total transaction of $469,274.64. Following the sale, the general counsel owned 987,986 shares of the company’s stock, valued at $24,739,169.44. The trade was a 1.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,395,647 shares of company stock valued at $34,452,600 over the last quarter. Insiders own 32.26% of the company’s stock.

Institutional Investors Weigh In On Figma

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. boosted its position in Figma by 69.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 285,055 shares of the company’s stock worth $10,653,000 after acquiring an additional 116,681 shares during the period. Amova Asset Management Americas Inc. increased 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 valued at $31,031,000 after purchasing an additional 1,269,900 shares during the period. Baillie Gifford & Co. lifted its position in shares of Figma by 93.8% in the fourth 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 in the last quarter. Freestone Capital Holdings LLC acquired a new stake in shares of Figma during the fourth quarter worth approximately $10,297,000. Finally, Ieq Capital LLC grew its position in Figma by 1,670.9% during the fourth quarter. Ieq Capital LLC now owns 973,880 shares of the company’s stock valued at $36,394,000 after purchasing an additional 918,886 shares in the last quarter.

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.