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Figma Soars on Strong Revenue Outlook
19 Feb
Summary
- Figma projected 2026 revenue exceeding $1.36 billion.
- Fourth-quarter revenue surpassed $303 million, beating estimates.
- AI is a key strategy for Figma to innovate and grow.
Figma anticipates exceeding Wall Street's expectations with a projected 2026 revenue between $1.36 billion and $1.37 billion. This forecast, significantly higher than the LSEG estimate of $1.29 billion, drove a roughly 15% surge in the company's shares in extended trading.
The design software company reported fourth-quarter revenue of $303.8 million, surpassing the $293.2 million anticipated by analysts. On an adjusted basis, earnings per share were 8 cents, meeting profit estimates.
Figma's Chief Financial Officer, Praveer Melwani, emphasized the integral role of generative artificial intelligence in enhancing the platform's capabilities. He stated that as AI advances, Figma's own capabilities improve, providing users with an 'infinite canvas' for rapid idea exploration.
Despite a challenging period where its stock had fallen around 80% since its debut last July, Figma's current performance and future projections indicate renewed investor optimism. The company also projected first-quarter revenue between $315 million and $317 million, outperforming analyst expectations of $291.9 million.
