Figma (NYSE:FIG) Announces Earnings Results, Beats Estimates By $0.27 EPS

by · The Cerbat Gem

Figma (NYSE:FIG – Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.27, FiscalAI reports. The company had revenue of $333.44 million for the quarter. Figma had a negative net margin of 123.83% and a negative return on equity of 100.81%. The company’s revenue for the quarter was up 46.1% on a year-over-year basis.

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

  • Figma reported a strong Q1, with revenue up 46% year over year to $333 million, marking a second straight quarter of acceleration. Management said growth was broad-based across seat expansion, retention, enterprise adoption, new users, and AI.
  • Net dollar retention reached 139%, its highest level in more than two years, while paid customers spending over $10,000 and $100,000 in ARR both accelerated. The company also said its total paid customer base grew to about 690,000.
  • AI is becoming a meaningful growth driver, with strong usage of Figma Make, MCP, and Weave, plus early traction from AI credit monetization that began on March 18. Management said more than 75% of users who were over their limits kept consuming credits, and over 95% remained active.
  • Enterprise adoption appears to be deepening, including larger seat expansions and broader organizational rollout of Figma products across customers like Google, Rocket Mortgage, and a hyperscaler deal with over 35,000 paid seats. Figma highlighted that usage is spreading beyond design teams into engineering, product, and other functions.
  • Management raised full-year guidance, now expecting revenue of $1.422 billion to $1.428 billion and non-GAAP operating income of $125 million to $135 million. They said the outlook improvement is driven by stronger paid conversion, continued seat expansion, and better-than-expected AI credit utilization and add-on purchases.

Figma Stock Up 13.0%

FIG traded up $2.63 during midday trading on Friday, hitting $22.87. 77,231,666 shares of the company traded hands, compared to its average volume of 18,015,436. The firm has a market capitalization of $10.16 billion and a PE ratio of -6.67. The company’s 50-day moving average is $21.56 and its 200 day moving average is $29.98. Figma has a 52 week low of $16.60 and a 52 week high of $142.92.

Key Headlines Impacting Figma

Here are the key news stories impacting Figma this week:

  • Positive Sentiment: Q1 results topped Wall Street estimates, with revenue growth accelerating and earnings beating expectations, which helped fuel the stock’s rally. Figma Announces First Quarter 2026 Financial Results
  • Positive Sentiment: Figma raised its 2026 revenue forecast, saying AI tools are driving more paid conversions, larger customer usage, and stronger spending across the platform. Reuters article
  • Positive Sentiment: Analysts highlighted the upbeat quarter and guidance, with coverage noting the revenue beat, AI monetization traction, and customer expansion as key drivers of the move higher. Zacks article
  • Neutral Sentiment: Several firms kept cautious ratings but trimmed price targets after the report, signaling that analysts see improving fundamentals but remain measured on valuation and competitive risks. JPMorgan note
  • Neutral Sentiment: JPMorgan, Morgan Stanley, RBC, and Piper Sandler all lowered price targets, though most still see upside from current levels, which may temper some enthusiasm. Analyst target updates
  • Negative Sentiment: Analyst commentary also pointed to possible AI competition and other external risks, which could limit how far the stock can run if growth slows. 247WallSt article

Wall Street Analysts Forecast Growth

FIG has been the topic of a number of analyst reports. The Goldman Sachs Group set a $35.00 price target on shares of Figma in a research note on Thursday, February 19th. Royal Bank Of Canada dropped their price target on shares of Figma from $31.00 to $28.00 and set a “sector perform” rating on the stock in a research note on Friday. Oppenheimer initiated coverage on shares of Figma in a research note on Wednesday, March 25th. They issued a “market perform” rating on the stock. Morgan Stanley dropped their price target on shares of Figma from $44.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, JPMorgan Chase & Co. dropped their price target on shares of Figma from $45.00 to $42.00 and set a “neutral” rating on the stock in a research note on Friday. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $38.63.

Check Out Our Latest Research Report on Figma

Insider Buying and Selling at Figma

In other Figma news, CRO Shaunt Voskanian sold 8,554 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $30.00, for a total transaction of $256,620.00. Following the transaction, the executive owned 1,580,181 shares in the company, valued at approximately $47,405,430. This represents a 0.54% decrease in their position. The transaction was disclosed in a legal 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 that occurred on Thursday, February 26th. The stock was sold at an average price of $30.80, for a total transaction of $7,700,000.00. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 745,697 shares of company stock worth $22,665,009. 45.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Figma

Several institutional investors have recently made changes to their positions in the business. Gladstone Capital Management LLP lifted its stake in shares of Figma by 2.9% in the 4th quarter. Gladstone Capital Management LLP now owns 17,081 shares of the company’s stock worth $638,000 after purchasing an additional 481 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Figma in the 3rd quarter worth approximately $26,000. NewEdge Advisors LLC bought a new position in shares of Figma in the 3rd quarter worth approximately $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Figma in the 3rd quarter worth approximately $27,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Figma by 3.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,212 shares of the company’s stock worth $568,000 after purchasing an additional 559 shares during the period.

Figma Company Profile

(Get Free Report)

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.

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