Overview
- Figma reported second-quarter results on Wednesday showing revenue rose 48% year over year to $370.1 million and the company raised its full-year revenue outlook to $1.463 billion–$1.467 billion.
- The first full quarter with AI-credit sales delivered strong customer uptake, with more than 80% of larger paid customers using AI credits weekly and businesses expanding paid seats and credit add‑ons.
- R&D and total operating expenses nearly doubled to $426.9 million as the company accelerated AI development and increased marketing for its Config conference, driving adjusted non‑GAAP operating margin down to about 10%.
- Investors reacted to the sharper losses and higher spending by selling shares in after‑hours trading, pushing the stock down roughly 15–16% despite the beat-and-raise on revenue.
- Management said AI will help modernize workflows and the company is hiring fewer people, and the market will be watching whether usage-based AI credits actually convert current engagement into stronger margins late in 2026 and into 2027.