Dylan Field, co-founder and CEO of Figma, center, appears on the floor of the New York Stock Exchange in New York on July 31, 2025. Figma Inc. shares surged as much as 229% after the design software maker and some of its shareholders raised $1.2 billion in an IPO, with the trading valuing the company far above the $20 billion mark it would have reached in a now-scrapped merger with Adobe Inc.
Design software maker Figma on Wednesday reported stronger-than-expected third-quarter revenue and quarterly revenue guidance. The stock moved 6% higher in extended trading.
Here's how the company did in comparison with LSEG consensus:
Earnings per share: 10 cents adjusted
10 cents adjusted Revenue: $274.2 million vs. $265.2 million expected
Figma's revenue grew 38% year over year in the third quarter, according to a statement.
The company's net loss ballooned to $1.10 billion, or $2.72 per share, from $15.6 million, or 7 cents per share, in the same quarter a year ago.
The adjusted earnings per share excluded a major increase in stock-based compensation expense.
The company reported an adjusted operating margin of 12%, above StreetAccount's consensus of 6.5%.
Some of the growth derives from the adoption of Figma Make, a product that develops app designs using generative artificial intelligence models. About 30% of customers spending over $100,000 in annualized revenue are using Figma Make weekly, CEO and co-founder Dylan Field told CNBC in an interview.
... continue reading