"Figma presented its figures for the first time since its IPO in July. Revenue in the second quarter came in at $249.6 million, just above analysts' expectations of $248.8 million and 41 percent higher than a year earlier. The company posted a small net profit of $846,000, compared to a loss of $828 million in the same period last year. Adjusted operating profit was $11.5 million."
"For the third quarter, Figma expects revenue between $263 million and $265 million, representing approximately 33 percent growth. For the full year 2025, the company is targeting just over $1.02 billion in revenue and $88 million to $98 million in adjusted operating profit. Despite the positive figures and outlook, the share price fell by 14 percent after trading hours. This was partly due to concerns about growth and the expiring lock-up periods for employee shares."
"CEO Dylan Field emphasized that AI primarily complements the role of designers. He added that new tools such as Figma Make and Figma Sites should accelerate the creative workflow. CFO Praveer Melwani indicated that customers will be able to purchase additional AI credits in the future, but that the costs are already included in the business model. Figma ended the quarter with 1,119 customers paying more than $100,000 per year, up from 1,031 in the previous quarter."
Three software companies—Figma, PagerDuty, and GitLab—reported quarterly results that beat expectations but saw shares fall after hours due to disappointing prospects and growth concerns. Figma reported Q2 revenue of $249.6 million, a $846,000 net profit, and $11.5 million adjusted operating profit, with Q3 revenue guidance of $263–265 million and full-year 2025 targets of just over $1.02 billion and $88–98 million adjusted operating profit. Shares fell 14% after trading, influenced by growth worries and expiring employee lock-ups. Figma emphasized AI as a design complement, introduced new tools, plans to sell AI credits, grew its >$100k customers to 1,119, and held $1.6 billion in cash and investments.
Read at Techzine Global
Unable to calculate read time
Collection
[
|
...
]