Figma Stock Earnings Reports

Figma reported a strong Q1 2026 with revenue of $333M, up 46% year-over-year (acceleration from prior quarters). Growth was broad-based across seat expansion, enterprise adoption, retention, new users and AI product adoption (Figma Make, MCP, Figma Weave). Net dollar retention for customers >$10K ARR rose to 139% (highest in over 2 years). Early AI credit monetization (implemented March 18) is encouraging: >75% of org/enterprise users previously over limits continued consuming credits in April, Pro teams that purchased AI credit add‑ons show ~3x higher ARR, and AI features are driving seat upgrades and usage. Q1 non-GAAP operating margin was 16%, free cash flow margin 27% (free cash flow $89M), and cash & marketable securities totaled $1.6B. Management raised full-year revenue guidance to $1.422B–$1.428B (35% growth at midpoint) and raised full-year non-GAAP operating income to $125M–$135M (9% margin at midpoint). Key strategic themes: AI is a major growth tailwind, product breadth (Make, MCP, Weave, AI assistant) is increasing monetizable surfaces, large enterprise wins and international expansion accelerated, and management is focused on operating efficiencies, governance controls for AI spend, and selective investment in first‑party models to improve performance and cost. Risks noted include inference costs as AI scales and general forward‑looking uncertainties; management emphasizes levers to optimize costs and a monetization approach designed to support adoption rather than constrain it.