Figma Shares Rise Ahead of May 14 Results on 38% Q1 Revenue Outlook

Analysts peg revenue near $316 million with a GAAP loss expected, keeping focus on the path to profit.

Overview

Figma shares closed up 6.5% at $19.96 as investors bought ahead of its quarterly update after a year-to-date slide of more than 55%.
The company will release fiscal first-quarter financial and operating highlights after the market close on May 14, with a conference call to discuss results.
Management guided Q1 revenue to a range of $315 million to $317 million, which would be about 38% higher than a year ago.
For the full fiscal year, Figma expects $1.366 billion to $1.374 billion in revenue, which implies roughly 30% growth.
Wall Street expects about $316 million in Q1 revenue and a GAAP loss of $0.26 per share, and recent notes skew Hold with a $44 target from Morgan Stanley and a Neutral initiation from BTIG.