"Figma ( NYSE: FIG) will report its first quarterly results as a public company after the close today. The design software firm became one of the year's hottest IPOs, surging 250% on its debut and peaking near $143 - more than 4× its IPO price of $33. But reality has cooled the hype: shares now hover near $65, and analysts are split on whether the stock can grow into its sky-high valuation."
"1. Gross Margins and Operating LeverageFigma is entering public life with profitability - rare for PLG IPOs. Investors will scrutinize gross margin and opex leverage for signals that this is sustainable, not just a launch-year artifact. 2. AI Product Strategy (Figma Make)Figma is developing its own generative AI tools like Figma Make, a prototype builder. Analysts are split: some worry AI could automate UI/UX design and hurt demand, while others see it as a catalyst."
Figma will report its first quarterly results as a public company. Wall Street expects Q2 revenue of $250 million, up 40% year-over-year, and non-GAAP EPS of $0.09, reversing a prior-year loss. The company surged at IPO but shares have since cooled from peaks near $143 to around $65. FIG trades at near 200× projected earnings, increasing performance expectations. Investors will watch gross margins and operating leverage for sustainable profitability. Observers will assess Figma Make and the broader AI product strategy for impact on demand. Seat expansion and enterprise penetration remain central to growth.
Read at 24/7 Wall St.
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