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 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
- ▪Figma introduced Code Layers, which allows teams to turn static designs into interactive, code-backed prototypes on the design canvas
Customer retention metrics
- ▪Figma's Net Dollar Retention Rate was 136% as of June 30, 2026
- ▪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
Raised full-year guidance
- ▪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
- ▪Figma's raised full-year 2026 revenue outlook implies approximately 39% growth at the midpoint, up from its prior forecast of 35%
- ▪Figma projects third-quarter 2026 revenue between $373.0 million and $375.0 million, implying 36% year-over-year growth at the midpoint
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
Story comments
Loading comments…