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

Figma (NYSE:FIG) issued its quarterly earnings data on Thursday. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.27, FiscalAI reports. The firm had revenue of $333.44 million during the quarter. Figma had a negative net margin of 121.87% and a negative return on equity of 97.03%. The company’s quarterly revenue was up 46.1% compared to the same quarter last year.

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 Trading Up 7.1%

Shares of FIG traded up $1.34 during trading hours on Thursday, reaching $20.28. 46,855,329 shares of the stock traded hands, compared to its average volume of 16,645,616. The stock has a fifty day simple moving average of $21.70 and a 200 day simple moving average of $30.03. Figma has a 52 week low of $16.60 and a 52 week high of $142.92. The company has a market cap of $9.01 billion and a price-to-earnings ratio of -6.50.

Insider Activity at Figma

In other Figma news, CRO Shaunt Voskanian sold 8,554 shares of Figma stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $30.00, for a total value of $256,620.00. Following the sale, the executive owned 1,580,181 shares of the company’s stock, valued at approximately $47,405,430. The trade was a 0.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Dylan Field sold 250,000 shares of Figma stock in a transaction dated 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. Insiders sold 745,697 shares of company stock valued at $22,665,009 over the last three months. Insiders own 45.20% of the company’s stock.

Institutional Trading of Figma

Several hedge funds have recently added to or reduced their stakes in the stock. Gladstone Capital Management LLP raised its position in Figma by 2.9% in the fourth quarter. Gladstone Capital Management LLP now owns 17,081 shares of the company’s stock worth $638,000 after acquiring an additional 481 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new stake in Figma in the third quarter worth about $26,000. NewEdge Advisors LLC bought a new stake in Figma in the third quarter worth about $26,000. Wilmington Savings Fund Society FSB bought a new stake in Figma in the third quarter worth about $27,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Figma by 3.8% during the fourth 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.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on FIG shares. BTIG Research started coverage on shares of Figma in a report on Monday, April 13th. They set a “neutral” rating for the company. The Goldman Sachs Group set a $35.00 price objective on shares of Figma in a report on Thursday, February 19th. Piper Sandler reiterated an “overweight” rating and set a $35.00 price objective on shares of Figma in a report on Thursday, February 19th. Morgan Stanley set a $44.00 price objective on shares of Figma in a report on Thursday, February 19th. Finally, Stifel Nicolaus reduced their price objective on shares of Figma from $40.00 to $30.00 and set a “hold” rating for the company in a report on Thursday, February 19th. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Figma presently has a consensus rating of “Hold” and a consensus price target of $43.25.

More Figma News

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Figma beat Q1 expectations, reporting $0.10 in adjusted EPS versus a $0.06 consensus estimate, with revenue of $333.4 million up 46.1% year over year. Article Title
• Positive Sentiment: The company lifted second-quarter revenue guidance to $348 million-$350 million, above Wall Street’s $329.6 million estimate, signaling momentum entering the rest of the year. Article Title
• Positive Sentiment: Management said AI-driven adoption is helping convert more users to paid plans and expand usage among large enterprise customers, which supports the bullish growth narrative. Article Title
• Neutral Sentiment: Investors are also focused on the Q1 earnings call transcript and conference call details for more color on retention, seat expansion, and margin progress. Article Title
• Neutral Sentiment: Despite the strong quarter, Figma remains unprofitable on a net basis, and analysts still expect a full-year loss, so the stock may stay volatile. Article Title
• Negative Sentiment: The stock had been under pressure heading into earnings because of concerns about growth sustainability and elevated costs, so any slowdown in future quarters could quickly weigh on sentiment. Article Title

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.