Figma’s stock declined 7% in after-hours trading following the release of third-quarter earnings and an increased full-year outlook that surpassed analyst expectations.
The design software company reported revenue growth of approximately 43% year over year during the quarter, with net losses narrowing significantly to $81.3 million, or 15 cents per share, compared with losses of $1.10 billion, or $2.72 per share, in the prior-year period. The company achieved a 12% adjusted operating margin, exceeding the 6.1% consensus among analysts surveyed by StreetAccount. Figma raised its full-year revenue guidance to a range of $1.497 billion to $1.499 billion, up from the previous range of $1.463 billion to $1.467 billion, and analyst expectations of $1.471 billion. The company also increased its operating margin forecast to 11%, up from 9% as of August.
Figma’s executives projected fourth-quarter revenue growth of approximately 33%, surpassing the 28% growth that analysts had anticipated. The company’s strategy involves distributing additional artificial intelligence credits to clients while keeping prices steady, a move designed to invest in customer relationships and support durable long-term expansion. During the quarter, weekly active users at organizations spending over $10,000 annually on Figma who utilized AI credits grew by nearly 50%. The company reported that its own AI model doubled its share of work performed, and the rate of users reversing AI-generated output declined.
Stock performance has been challenged this year, with Figma shares down approximately 41% since the beginning of 2026, while the S&P 500 index gained 12%. Earlier in the year, investors expressed concerns regarding potential competitive threats from artificial intelligence models. The company is also strengthening its focus on cybersecurity practices and vendor evaluation in response to recent infiltrations affecting other technology companies.
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