Figma Beats Estimates, Raises Outlook, Tumbles 7% — SkimNews
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- Figma reported adjusted EPS of 10 cents versus LSEG's 5-cent estimate and revenue of $391.4 million versus $375.8 million; revenue grew about 43% year over year.
- Figma narrowed its net loss to $81.3 million, or 15 cents per share, from $1.10 billion, or $2.72 per share, a year earlier; adjusted operating margin reached 12% against StreetAccount's 6.1% consensus.
- Figma raised its full-year revenue forecast to $1.497 billion-$1.499 billion and operating-margin forecast to 11%, up from $1.463 billion-$1.467 billion and 9% in August; LSEG's 2026 revenue consensus was $1.471 billion.
- Figma projected fourth-quarter revenue growth of about 33%, above LSEG's 28% estimate, while describing the rate as a slowdown from the prior quarter.
- Figma began giving customers more AI credits while maintaining prices as it seeks to benefit from AI used to build websites and apps; finance chief Praveer Melwani described it as a trade-off of near-term revenue for customer investment and durable long-term growth.
- Figma recorded nearly 50% growth in weekly users who worked at organizations spending over $10,000 on Figma and used AI credits; its own AI model's work share doubled, and the rate of people undoing AI-generated work fell.
- Figma shares tumbled 7% in extended trading despite the earnings and guidance beat; they were down about 41% so far in 2026, while the S&P 500 had gained 12%.
Why it matters: Despite $391.4 million in revenue, a 12% adjusted operating margin and raised guidance, Figma fell 7% after hours and stayed down about 41% in 2026 while the S&P 500 gained 12%. The strategy favors customer AI credits at unchanged prices, with weekly credit users at $10,000-plus organizations up nearly 50%.
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