"On Wednesday, September 3, Figma released its first earnings report since going public in July, bringing with it a significant change in tide. The collaborative design software platform had an incredible initial public offering (IPO), which saw its stock price rise 250%. In contrast, Figma's shares (NYSE: FIG) have now plunged about 15% in after-hours and premarket trading on Thursday."
"Revenue-wise, the company grew 41% year-over-year (YOY), reaching $249.6 million. The figure beat Wall Street's predicted $248.8 million, according to consensus estimates cited by CNBC. Figma further said it expects 2025 revenue between $1.02 billion and $1.03 billion, beating an estimate of $1.01 billion cited by Reuters. Finally, the company also announced a series of new products, including Figma Make, an AI-powered design tool, and Figma Sites, which lets users publish websites from the platform."
""You should expect to see significant investments in our AI efforts because we believe AI will be critical to how software development workflows evolve moving forward," Field said. "This means that we expect margins to come down in the near term as we invest in the long term.""
Figma posted 41% year-over-year revenue growth to $249.6 million and provided 2025 revenue guidance of $1.02–$1.03 billion, both slightly above estimates. The company unveiled new offerings including Figma Make, an AI-powered design tool, and Figma Sites for publishing websites. Leadership signaled substantial near-term investments in AI that are expected to reduce margins while supporting long-term product evolution. The end of a lockup period will free 25% of employee-owned shares, increasing share availability and raising the prospect of dilution that may have contributed to the stock decline.
Read at Fast Company
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