Figma reported third-quarter earnings with an adjusted earnings per share of 10 cents, surpassing the expected 5 cents, and revenue of $391.4 million, exceeding the $375.8 million forecast. The company's revenue grew approximately 43% year over year, while its net loss narrowed significantly to $81.3 million from $1.10 billion a year earlier.
Figma's adjusted operating margin of 12% also outperformed the 6.1% consensus. The company raised its full-year revenue forecast to between $1.497 billion and $1.499 billion, up from previous estimates, and anticipates fourth-quarter revenue growth of about 33%, higher than the 28% predicted by analysts.
This announcement follows a significant workforce reduction by competitor Canva, highlighting the competitive pressures in the design software market. Concerns about AI competition have eased as Figma aims to leverage AI for website and app development, increasing AI credits for clients while keeping prices stable.
The number of users utilizing AI credits surged nearly 50%, and the efficiency of Figma's AI model improved. Additionally, Figma is enhancing its focus on cybersecurity in response to recent breaches in the industry, emphasizing the need to scrutinize vendor security. Despite the positive earnings report, Figma's shares have declined about 41% in 2026, contrasting with a 12% gain in the S&P 500