Figma co-founder and CEO Dylan Field (center) appears on the floor of the New York Stock Exchange on July 31, 2025 in New York. Figma’s stock price soared as much as 229% after the design software maker and some of its shareholders raised $1.2 billion in an IPO, with the deal valuing the company well above the $20 billion mark it would reach in its now-broken merger with Adobe Inc.
Michael Nagle | Bloomberg | Getty Images
design software maker figma on Wednesday reported better-than-expected third-quarter earnings and quarterly earnings guidance. Shares rose as much as 6% in extended trading.
Here’s how the company performed compared to the LSEG consensus:
Earnings per share: 10 cents Adjusted earnings: $274.2 million vs. expected $265.2 million
According to the announcement, Figma’s third quarter revenue increased 38% year over year.
The company’s net loss rose to $1.1 billion, or $2.72 per share, from $15.6 million, or 7 cents per share, a year earlier.
Adjusted earnings per share excludes the significant increase in stock-based compensation expense.
The company reported an adjusted operating margin of 12%, beating the StreetAccount consensus of 6.5%.
Part of the growth is due to the adoption of Figma Make, a product that uses generative artificial intelligence models to develop app designs. CEO and co-founder Dylan Field said in an interview with CNBC that about 30% of customers spending more than $100,000 in annual revenue use Figma Make weekly.
“Growth continues, and across the business, Figma Make was a big driver of new customers in the third quarter,” he said.
Reflecting the growth in its existing customer base, Figma’s net dollar retention rate for customers who spent at least $10,000 on an annual basis was 131%, up from 129% in the second quarter.
At the same time, Figma’s large customer base is also growing. According to the report, as of the end of September, there were 1,262 organizations with annual expenditures exceeding $100,000, an increase of about 13% from the count as of the end of June.
Figma expects fourth-quarter revenue to be between $292 million and $294 million, beating the LSEG consensus of $283 million. This range implies a growth of 35%.
Figma went public on the New York Stock Exchange in July, raising $1.2 billion at a price of $33 per share. Shares closed Wednesday at $44.01, up 33%. The Nasdaq Composite Index rose about 11% over the same period.
Figma announced on October 30 that it has acquired Weavy, a startup that provides software that allows users to create images, videos, and other creative assets using generative AI models.
Field told CNBC that pricing information for the Figma Weave features under the deal is not yet available.
In a conference call with analysts, the company’s head of finance, Praveer Melwani, said that Figma still does not apply AI credit limits to full subscription seats and does not charge for AI consumption add-ons. He said he did not expect consumption income to be large in 2025.
“We continue to invest heavily in AI and trade on short-term margins to build the right long-term platform for our customers,” Field said on the conference call.
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