TLDR
- Figma posted Q1 2026 EPS of $0.10, beating the $0.06 forecast by 67%
- Revenue rose 46% year-over-year to $333.4 million, topping estimates of $316 million
- Stock jumped roughly 12% across the regular and after-hours sessions
- Paid customers grew 54% to 690,000; full-year revenue guidance raised by $55 million
- Net dollar retention hit 139%, its highest rate in over two years
Figma (FIG) stock climbed around 12% on Thursday after the design software company posted a strong first quarter that beat Wall Street on both earnings and revenue.
The stock rose nearly 7% during the regular session and added more after hours, closing the extended session at $19.97. The gains come after FIG had lost roughly half its value earlier this year.
Figma reported adjusted EPS of $0.10 for Q1 2026, well ahead of the $0.06 analyst estimate. Revenue came in at $333.4 million, up 46% year-over-year and above the $316 million consensus.
$FIG Q1’26 EARNINGS HIGHLIGHTS
🔹 Revenue: $333.4M (Est $313.2M) 🟢; +46% YoY
🔹 Adj. EPS: $0.10 (Est $0.06) 🟢
🔹 Net Dollar Retention: 139%
🔹 Free Cash Flow: $88.6M; 27% margin
🔹 Paid Customers: ~690K; +54% YoYFY26 Guide:
🔹 Revenue: $1.422B-$1.428B (Est $1.36B) 🟢; raised… pic.twitter.com/pvetUw2KJx— Wall St Engine (@wallstengine) May 14, 2026
That 46% growth rate is actually an acceleration. Figma grew 40% in Q4 2025, making this the second straight quarter of faster growth.
Gross profit reached $275 million, reflecting an 82% gross margin. Non-GAAP operating income was $52 million, a 16% margin. Free cash flow came in at $89 million.
Paid customers grew 54% year-over-year to 690,000. Pro team conversions — free users upgrading to paid plans — surged 150%, largely driven by demand for AI-powered features.
International revenue grew 48%, which the CFO called out as a key contributor to overall performance.
Net dollar retention hit 139%, the company’s highest reading in more than two years. That metric tracks how much existing customers are spending over time.
AI Products Driving Demand
Figma has been leaning into AI rather than shying away from it. The company’s Figma Make platform, which turns prompts and code into design workflows, has seen strong uptake from enterprise customers.
Figma has also partnered with Anthropic, OpenAI, and Alphabet to integrate generative AI into its core products. The CEO credited “stronger-than-expected seat expansion” and AI product adoption as the main drivers of the quarter’s results.
Guidance Raised
For Q2 2026, Figma guided revenue of $348 million to $350 million, ahead of the roughly $330 million Wall Street had expected.
Full-year 2026 revenue guidance was raised to between $1.422 billion and $1.428 billion, implying about 35% growth at the midpoint. That’s a $55 million increase from prior guidance.
Non-GAAP operating income guidance for the full year was lifted to $125–$135 million.
Despite the post-earnings rally, at least one analyst noted the stock appears overvalued relative to fair value estimates. FIG trades at a Price/Book multiple of 6.61 with a market cap of approximately $10 billion.
The stock’s 52-week range runs from $16.60 to $142.92, a wide band that reflects the turbulence software names have faced over the past year.
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