Figma Reports 48% Revenue Growth and Raises Forecast on AI Adoption, But Stock Falls on Executive Departures

Aug 5, 2026

Figma reported a 48% year-over-year revenue increase to $370.1 million for Q2 2026, driven by strong AI adoption and seat expansion. The company raised its full-year revenue forecast to between $1.463 billion and $1.467 billion. However, Figma's stock fell 10% in extended trading as it kept its annual profit forecast unchanged, raising concerns over AI investment costs, and amid reports of executive departures.

Q2 2026 revenue acceleration

▪Figma's Q2 2026 revenue growth of 48% represented the third consecutive quarter of accelerated year-over-year revenue growth.
▪Figma's Q2 2026 revenue of $370.1 million beat analysts' consensus estimates of $351.6 million.
▪Figma recorded a GAAP operating loss of $117.3 million and a non-GAAP operating income of $36.1 million in Q2 2026.
▪Figma reported fiscal Q2 2026 revenue of $370.1 million, representing a 48% increase year-over-year.
▪Figma's stock-based compensation in Q2 2026 rose to $147.6 million from $7.3 million in the prior-year period.

AI credit monetization growth

▪As of June 30, 2026, over 80% of Figma's paid customers with more than $10,000 in annual recurring revenue were consuming AI credits weekly.
▪Q2 2026 marked Figma's first full quarter of AI-credit monetization.
▪In April 2026, over 75% of Figma's organizational and enterprise users who exceeded AI credit limits continued utilizing credits, with over 95% remaining active.

Code Layers product launch

▪Figma introduced Code Layers, which allows teams to turn static designs into interactive, code-backed prototypes on the design canvas.
▪Figma introduced Figma Weave Tools to turn complex AI image and video generation workflows into reusable tools on the canvas.
▪Figma introduced the Figma agent, a first-party agent built into the canvas to automate repetitive tasks and generate motion animations.

Customer retention metrics

▪Figma had 15,964 paid customers with more than $10,000 in annual recurring revenue as of June 30, 2026, representing 34% year-over-year growth.
▪Figma's Net Dollar Retention Rate was 136% as of June 30, 2026.

Raised full-year guidance

▪Figma projects third-quarter 2026 revenue between $373.0 million and $375.0 million, implying 36% year-over-year growth at the midpoint.
▪Figma's raised full-year 2026 revenue outlook implies approximately 39% growth at the midpoint, up from its prior forecast of 35%.
▪Figma projected full-year 2026 non-GAAP operating income between $125.0 million and $135.0 million.
▪Figma raised its full-year 2026 revenue outlook to between $1.463 billion and $1.467 billion, representing a $40 million increase.

Executive departures stock decline

▪Figma's stock fell 10% in extended trading after the company kept its annual profit forecast intact, fueling concerns that AI investments would dent profit margins.
▪Figma's stock fell despite higher revenue growth, occurring amid reports of executive exits.