Figma (NYSE:FIG) Releases Quarterly Earnings Results, Beats Expectations By $0.30 EPS

Figma (NYSE:FIG) announced its quarterly earnings results on Wednesday. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.30, FiscalAI reports. Figma had a negative return on equity of 98.51% and a negative net margin of 123.83%.The firm had revenue of $370.08 million during the quarter. During the same quarter in the previous year, the firm posted $0.09 EPS. The firm’s revenue for the quarter was up 48.2% on a year-over-year basis.

Here are the key takeaways from Figma’s conference call:

• Q2 revenue rose 48% year over year to $370 million, marking the third consecutive quarter of accelerating growth. Net dollar retention remained strong at 136%, while paid customers with more than $10,000 in ARR grew 34%.
• AI credit monetization showed encouraging early traction, with more than 80% of paid customers above $10,000 in ARR consuming credits weekly. Figma raised its full-year revenue outlook by $40 million to $1.463 billion-$1.467 billion, citing credit consumption, customer expansion and strong conversion.
• New AI products are broadening Figma’s usage and potential market, with over 50% of larger paid customers using the Figma Agent weekly and weekly generative-plugin creation more than doubling after launch. Code Layers, Figma Make, Motion, Shaders and Weave are expected to increase engagement and future credit consumption as they move from beta to general availability.
• Non-GAAP gross margin improved to 85% in Q2 as monetized AI usage contributed to results, but management expects near-term margin variability because several AI products remain free in beta while Figma absorbs inference costs. The company plans to continue investing in product and go-to-market efforts, maintaining full-year operating income guidance of $125 million-$135 million.
• Figma announced several leadership changes, including the departure of its chief product officer and chief marketing officer and the search for a new chief technology officer. Although internal successors were named for some roles, the transitions create execution and continuity risk during a major AI product expansion.

Figma Trading Up 3.6%

Shares of NYSE:FIG traded up $0.98 on Wednesday, reaching $28.10. The company had a trading volume of 45,132,713 shares, compared to its average volume of 18,019,982. The firm has a market capitalization of $12.52 billion and a PE ratio of -8.19. Figma has a 52-week low of $16.60 and a 52-week high of $91.49. The firm’s 50 day simple moving average is $21.61 and its 200-day simple moving average is $22.83.

Insider Activity

In other Figma news, CTO Kris Rasmussen sold 261,301 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $25.07, for a total value of $6,550,816.07. Following the completion of the transaction, the chief technology officer directly owned 9,492,946 shares in the company, valued at approximately $237,988,156.22. The trade was a 2.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Praveer Melwani sold 381,288 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $25.13, for a total transaction of $9,581,767.44. Following the sale, the chief financial officer directly owned 1,725,716 shares of the company’s stock, valued at approximately $43,367,243.08. The trade was a 18.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,395,647 shares of company stock worth $34,452,600 over the last ninety days. 32.26% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Fluent Financial LLC purchased a new stake in Figma during the second quarter valued at approximately $765,000. Valeo Financial Advisors LLC purchased a new position in Figma in the second quarter worth $203,000. Parallel Advisors LLC grew its holdings in Figma by 3,890.0% in the first quarter. Parallel Advisors LLC now owns 1,197 shares of the company’s stock worth $25,000 after purchasing an additional 1,167 shares during the last quarter. J. Derek Lewis & Associates Inc. increased its position in shares of Figma by 58.6% during the first quarter. J. Derek Lewis & Associates Inc. now owns 20,300 shares of the company’s stock worth $429,000 after purchasing an additional 7,500 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Figma by 428.1% during the first quarter. Bank of America Corp DE now owns 4,180,575 shares of the company’s stock worth $88,377,000 after purchasing an additional 3,388,902 shares in the last quarter.

Analyst Upgrades and Downgrades

FIG has been the topic of several research reports. Morgan Stanley reduced their price objective on Figma from $44.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday, May 15th. JPMorgan Chase & Co. dropped their price target on Figma from $45.00 to $42.00 and set a “neutral” rating on the stock in a research report on Friday, May 15th. Wells Fargo & Company cut their price target on Figma from $42.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, June 26th. Citigroup decreased their price objective on Figma from $36.00 to $35.00 and set a “buy” rating for the company in a report on Friday, July 24th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Figma in a research note on Tuesday, May 19th. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Figma currently has an average rating of “Hold” and a consensus price target of $32.56.

More Figma News

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Figma exceeded quarterly expectations. The company reported adjusted earnings of $0.08 per share, ahead of the $0.04 Zacks consensus estimate and substantially better than the year-earlier loss of $0.04 per share. Revenue reached $370.1 million, a 48.2% year-over-year increase. Figma, Inc. Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management raised revenue guidance. Figma expects third-quarter revenue of $373 million to $375 million, above the $362.4 million consensus estimate. Full-year 2026 revenue guidance was set at approximately $1.5 billion, compared with the prior consensus of about $1.4 billion. Figma lifts annual revenue forecast as AI efforts drive solid demand
• Positive Sentiment: AI adoption is supporting demand. Figma said integrating AI capabilities, including code, creative tools and agents into its canvas, is helping attract and retain users. Management described the second quarter as the third consecutive quarter of accelerating revenue growth. Figma Announces Second Quarter 2026 Financial Results
• Neutral Sentiment: Insider selling was limited and planned. Chief Accounting Officer Tyler Herb sold 1,536 shares worth roughly $39,936 under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards. The sale reduced his holdings by only 0.59% and is therefore less concerning than discretionary insider selling.
• Negative Sentiment: The CEO forfeited approximately $46 million in stock. The forfeiture followed a decline in Figma’s shares and could reinforce concerns about stock-based compensation and recent share-price performance, although it does not directly affect operating results. Figma CEO Forfeits $46 Million in Stock After Share Decline

About Figma

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.