Overview
- Figma, which reported Thursday, beat Q1 estimates and raised its 2026 sales outlook to $1.422–$1.428 billion.
- The quarter delivered $333.4 million in revenue, up 46% year over year, and adjusted EPS of $0.10 versus a $0.06 forecast.
- AI credits began enforcing in March, and over 75% of large‑plan users who exceeded limits kept buying more in April, signaling real monetization.
- Paid customers climbed to about 690,000, up 54% year over year, and net dollar retention rose to 139%, showing strong expansion within accounts.
- Shares jumped about 12% across regular and after‑hours trading, yet some analysts cut price targets and the stock still trades at a sub‑10x annual revenue multiple due to AI competition concerns.