{"success":true,"data":{"pressRelease":{"id":"109999","rtpr_id":"nBw845LjJa","ticker":"FIG","exchange":"NYSE","all_tickers":["FIG"],"title":"Figma Announces Second Quarter 2026 Financial Results","author":"Business Wire","published_at":"2026-08-05T20:05:00.535Z","article_body":"Figma Announces Second Quarter 2026 Financial Results\n\nQ2 revenue grew 48% year-over-year to $370.1 million, the third straight\nquarter of accelerated year-over-year growth. GAAP and non-GAAP gross profit\nyear-over-year growth accelerated to 40%.\n\nCode Layers, the Figma agent, and new creative capabilities expand the surface\nfor AI consumption and what teams can create in Figma.\n\nFigma raises full year revenue guidance, reflecting sustained seat expansion\nand AI adoption.\n\nFigma, Inc. (NYSE:FIG) announced financial results today for its second\nquarter ended June 30, 2026.\n\n“Q2 was Figma’s third straight quarter of accelerated revenue growth, and\nas code gets commoditized and value moves up the stack, the opportunity ahead\nof us has only grown,” said Dylan Field, Figma's CEO. “By bringing code,\nnew creative capabilities, and agents directly to the canvas, we’re\nincreasing the surface for AI consumption in Figma and expanding the\npossibilities for what teams can create on our platform. Figma is building the\ncanvas for full-stack creation: one place where anyone can reach for the tool\nthey need to express their vision exactly as they imagine it.”\n\n“Q2 was a record quarter and our first full quarter of AI credit\nmonetization,” said Praveer Melwani, Figma’s CFO. “Revenue grew 48%\nyear-over-year, accelerating for the third consecutive quarter, and gross\nprofit growth accelerated alongside it. Net Dollar Retention Rate remained\nstrong at 136% as customers expanded both seats and AI credit add-ons. The\nstrength of these signals gives us the confidence to raise our full year\nrevenue outlook while continuing to invest behind the products we introduced\nat Config.”\n\nSecond Quarter 2026 Financial Highlights:\n\n\n * Revenue was $370.1 million, up 48% year-over-year and above the range of\nFigma’s previously issued second quarter guidance. Year-over-year revenue\ngrowth accelerated for the third sequential quarter.\n\n * GAAP gross profit was $309.6 million; GAAP gross margin was 84%. Non-GAAP\ngross profit was $314.0 million; non-GAAP gross margin was 85%. Year-over-year\ngrowth for GAAP and non-GAAP gross profit accelerated to 40%.\n\n * GAAP loss from operations was $(117.3) million; GAAP operating margin was\n(32)%. Non-GAAP operating income was $36.1 million; non-GAAP operating margin\nwas 10%. GAAP and non-GAAP operating income were impacted by the increased\ninvestment in sales and marketing spend related to Figma’s annual user\nconference, Config.\n\n * Net cash provided by operating activities was $60.9 million; operating cash\nflow margin was 16%. Free Cash Flow was $53.2 million; Free Cash Flow Margin\nwas 14%.\n\n * GAAP net loss was $(112.2) million and non-GAAP net income was $42.6 million.\n\n * GAAP net loss per share, basic and diluted was $(0.21) and non-GAAP net income\nper share, basic and diluted was $0.08.\n\n * Cash, cash equivalents, and marketable securities were $1.7 billion as of June\n30, 2026.\n\nRecent Business & Product Highlights:\n\n\n * Net Dollar Retention Rate was 136% as of June 30, 2026.\n\n * 15,964 Paid Customers with more than $10,000 in ARR as of June 30, 2026,\ngrowing 34% year-over-year.\n\n * 1,635 Paid Customers with more than $100,000 in ARR as of June 30, 2026,\ngrowing 46% year-over-year.\n\n * As of June 30, 2026, over 80% of Paid Customers with more than $10,000 in ARR\nwere consuming AI credits weekly.\n\n * Hosted Config, Figma’s annual user conference, which brought over 10,000\ndesigners, product builders, and executive leaders from the world’s leading\ncompanies to San Francisco.\n\n * Announced Code Layers, which brings the power of Figma Make to the Figma\ndesign canvas. With Code Layers, teams can turn static designs into\ninteractive, code-backed prototypes that can be edited in code or manipulated\nvisually. Also introduced the ability for teams to work directly in their\nproduction codebase with Figma Make.\n\n * Introduced new expressive capabilities on the canvas such as Motion, Shaders,\nand 3D Transforms; also shipped Figma Weave Tools, which turn complex AI image\nand video generation workflows into re-usable tools on the canvas. Together,\nthese new capabilities expand the types of work that can happen on Figma.\n\n * Launched the Figma agent, a first-party agent that’s built into the canvas,\nfluent in Figma, and increasingly powered by Figma’s first-party model. The\nFigma agent handles everything from automating repetitive tasks to generating\nmotion animations and shaders; as of July 31, 2026, over 50% of Paid Customers\nwith more than $10,000 in ARR were already using the Figma agent on a weekly\nbasis.\n\n\n* Introduced Skills, a way for teams to teach the Figma agent their own\nprocesses, governance standards, and best practices, and generative plugins,\nwhich allow teams to build custom internal tools by simply prompting the Figma\nagent.\n\n\n\n\nThird Quarter and Full Year 2026 Outlook:\n\nBased on information as of today, Figma is providing the following guidance:\n\n\n * Third Quarter 2026 Outlook:\n\n\n* Revenue between $373.0 million and $375.0 million, implying 36%\nyear-over-year\ngrowth at the midpoint of the range.\n\n\n\n\n * Full Year 2026 Outlook:\n\n\n* Revenue between $1.463 billion and $1.467 billion, implying 39%\nyear-over-year\ngrowth at the midpoint of the range and a raise of $40.0 million to Figma’s\npreviously issued guidance.\n\n * Non-GAAP operating income between $125.0 million and $135.0 million,\nrepresenting a non-GAAP operating margin of 9% at the midpoint of the range.\n\n\n\n\nConference Call Details:\n\nFigma will host a conference call today, August 5, 2026, at 5:00pm Eastern\nTime (2:00pm Pacific Time) to discuss its financial results for the second\nquarter of 2026 and outlook for the third quarter and full year 2026. To\naccess the call, please register at\nhttps://investor.figma.com/news-events/events-and-presentations/event-details/2026/Figma-Q2-2026-Earnings-Call/default.aspx\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Finvestor.figma.com%2Fnews-events%2Fevents-and-presentations%2Fevent-details%2F2026%2FFigma-Q2-2026-Earnings-Call%2Fdefault.aspx&esheet=54584390&newsitemid=20260805158853&lan=en-US&anchor=https%3A%2F%2Finvestor.figma.com%2Fnews-events%2Fevents-and-presentations%2Fevent-details%2F2026%2FFigma-Q2-2026-Earnings-Call%2Fdefault.aspx&index=1&md5=a756bcd5d6af24622376fe81a44d5778)\n. Figma will provide a written version of the prepared remarks portion of the\ncall on Figma’s investor relations website (https://investor.figma.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Finvestor.figma.com&esheet=54584390&newsitemid=20260805158853&lan=en-US&anchor=https%3A%2F%2Finvestor.figma.com&index=2&md5=0e0422a67788d41a7a41c4d37a95a87e)\n) before the call begins. A live webcast of the call will be available on\nFigma’s investor relations website (https://investor.figma.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Finvestor.figma.com&esheet=54584390&newsitemid=20260805158853&lan=en-US&anchor=https%3A%2F%2Finvestor.figma.com&index=3&md5=06d2cf0d7a2010a26e02e3ac00d8ffdd)\n), and a replay and transcript of the webcast will be archived on the same\nwebsite following the call.\n\nInvestor Presentation:\n\nAn investor presentation providing additional information can be found at\nhttps://investor.figma.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Finvestor.figma.com&esheet=54584390&newsitemid=20260805158853&lan=en-US&anchor=https%3A%2F%2Finvestor.figma.com&index=4&md5=055f9984debd4992fc574eba2776130a)\n.\n\nAbout Figma\n\nFigma is where teams design and build the world’s best digital products.\nFounded in 2012, Figma’s canvas brings teams, agents, code and design\ntogether to go from idea to shipped product, all in one place. Whatever\nyou’re building, Figma makes your workflow more collaborative and\nefficient—while keeping everyone on the same page.\n\nFigma, the Figma logo, and other registered or common law trade names,\ntrademarks, or service marks of Figma appearing in this press release are the\nproperty of Figma, Inc. All third-party trademarks and trade names appearing\nin this press release are the property of their respective owners. The use of\nsuch trademarks and trade names is for identification purposes only and does\nnot imply any affiliation with, endorsement of, or sponsorship by their\nrespective owners.\n\nForward-Looking Statements\n\nThis press release contains “forward-looking statements” within the\nmeaning of applicable securities laws. All statements other than statements of\nhistorical fact could be deemed to be forward-looking, including, but not\nlimited to, statements regarding Figma’s future operating results and\nfinancial condition, including financial outlook for the third quarter of 2026\nand full year 2026, Figma’s business strategy and plans, Figma’s\nexpectations regarding opportunity, customer adoption, growth, and expansion,\nFigma’s expectations regarding AI products, features, and monetization, as\nwell as any assumptions relating to the foregoing. The words “believe,”\n“may,” “will,” “potentially,” “estimate,” “continue,”\n“anticipate,” “intend,” “could,” “would,” “project,”\n“target,” “plan,” “expect,” and similar expressions are intended\nto identify forward-looking statements, although not all forward-looking\nstatements contain these identifying words.\n\nThese forward-looking statements are made as of the date they were first\nissued and are based on information available to Figma together with Figma’s\nexpectations, estimates, forecasts, projections, beliefs, and assumptions as\nof such date. Forward-looking statements are subject to a number of risks and\nuncertainties, many of which involve factors or circumstances that are beyond\nFigma’s control. Figma’s actual results could differ materially from those\nstated or implied in forward-looking statements due to a number of factors.\nFurther information on potential risks that could affect actual results is\nincluded in Figma’s most recent filings with the Securities and Exchange\nCommission (the “SEC”), including in Figma’s Quarterly Report on Form\n10-Q for the quarter ended June 30, 2026, filed or to be filed with the SEC on\nAugust 5, 2026, copies of which may be obtained by visiting Figma’s Investor\nRelations website at https://investor.figma.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Finvestor.figma.com&esheet=54584390&newsitemid=20260805158853&lan=en-US&anchor=https%3A%2F%2Finvestor.figma.com&index=5&md5=650a8527e6a720b5b96345190adc39a4)\nor the SEC's website at https://www.sec.gov\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.sec.gov&esheet=54584390&newsitemid=20260805158853&lan=en-US&anchor=https%3A%2F%2Fwww.sec.gov&index=6&md5=4a5c6676b75c4ae0eaef632f9f34b24c)\n. Past performance is not necessarily indicative of future results. Figma\nundertakes no intention or obligation to update or revise any forward-looking\nstatements, whether as a result of new information, future events, or\notherwise, except as required by law. Forward-looking statements should not be\nrelied upon as representing Figma’s views as of any date subsequent to the\ndate of this press release.\n\nNon-GAAP Financial Measures\n\nThis press release and the accompanying tables contain the following non-GAAP\nfinancial measures:\n\nFree Cash Flow, Free Cash Flow Margin, non-GAAP gross profit, non-GAAP gross\nmargin, non-GAAP research and development expenses, non-GAAP sales and\nmarketing expenses, non-GAAP general and administrative expenses, non-GAAP\noperating income, non-GAAP operating margin, non-GAAP net income, non-GAAP net\nincome attributable to common stockholders, non-GAAP net income attributable\nto common stockholders considering potentially dilutive securities, and\nnon-GAAP net income per share, basic and diluted. Certain of these non-GAAP\nfinancial measures exclude stock-based compensation expense, amortization of\nstock-based compensation expense included in capitalized internal use software\ndevelopment costs, employer payroll taxes on employee stock transactions, and\namortization of acquired intangibles from acquisitions. Additionally, Figma\nexcludes certain non-recurring charges, including equity investment (gains)\nlosses, net, remeasurement (gains) losses on digital assets, non-current, net,\nand impairment losses on long-lived assets. The tax rate used to compute\nincome tax effects and adjustments is Figma’s blended current expected\neffective tax rate, based on tax legislation currently in effect, and is\nsubject to change based on various factors, including but not limited to,\nchanges to local and international tax laws, changes in the geographic mix of\nFigma’s earnings, or other changes to Figma’s strategy or business\noperations.\n\nFigma believes that these non-GAAP financial measures provide useful\ninformation to management and investors in evaluating Figma’s financial\ncondition and operating performance. Figma’s management uses these non-GAAP\nmeasures, collectively, to evaluate Figma’s ongoing operations, and for\nbudgeting and internal planning purposes. Figma believes that non-GAAP\nfinancial information, when taken collectively, may be helpful to investors\nbecause it provides consistency and comparability with past financial\nperformance. The non-GAAP financial information is presented for supplemental\ninformational purposes only, should not be considered a substitute for\nfinancial information presented in accordance with GAAP, and may be different\nfrom similarly titled non-GAAP measures used by other companies.\n\nManagement does not consider these non-GAAP measures in isolation or as an\nalternative to financial measures determined in accordance with GAAP. The\nprincipal limitation of these non-GAAP financial measures is that they exclude\nsignificant expenses and income that are required by GAAP to be recorded in\nFigma’s financial statements. In addition, they are subject to inherent\nlimitations as they reflect the exercise of judgment by management about which\nexpenses and income are excluded or included in determining these non-GAAP\nfinancial measures. Figma urges investors to review the reconciliation of its\nnon-GAAP financial measures to the comparable GAAP financial measures, and not\nto rely on any single financial measure to evaluate Figma’s business.\n\nReconciliations of the most comparable GAAP financial measures to the non-GAAP\nfinancial measures presented in this press release are included in the\nfinancial tables at the end of this press release. Figma has not reconciled\nits outlook as to non-GAAP operating income and non-GAAP operating margin to\ntheir most directly comparable GAAP measures because certain items that impact\nnon-GAAP operating income and non-GAAP operating margin are out of Figma’s\ncontrol or cannot be reasonably predicted. Accordingly, reconciliations for\nforward-looking non-GAAP operating income and non-GAAP operating margin are\nnot available without unreasonable effort.\n\nCertain Definitions\n\nFigma calculates Annual Recurring Revenue (“ARR”) as the annualized value\nof Figma’s active customer agreements as of the measurement date, assuming\nany agreement that expires during the next twelve months following the\nmeasurement date is renewed on existing terms. A customer agreement is\nconsidered active when seats are provisioned to the customer at the start of\ntheir subscription. In cases where contracts are signed but not provisioned\nprior to the measurement date, the customer agreement is counted as active if\nprovisioning takes place no more than 15 days after the measurement date.\n\nFigma defines a Paid Customer as a customer account that is billed separately\nfor which Figma has an active paid subscription as of the last day of the\napplicable period of measurement. A single organization with multiple\ndivisions, segments, subsidiaries, or subscribing teams that are each billed\nseparately are counted as multiple Paid Customers. A customer account is\nconsidered active when seats are provisioned to the customer at the start of\ntheir subscription. In cases where contracts are signed but not provisioned as\nof the last date of the applicable period of measurement, the customer account\nis counted as active if provisioning takes place no more than 15 days after\nthe last day of the applicable period of measurement.\n\nFigma defines a Paid Customer with more than $10,000 in ARR as a Paid Customer\nwith a total of $10,000 or more of ARR as of the last day of the applicable\nperiod of measurement.\n\nFigma defines a Paid Customer with more than $100,000 in ARR as a Paid\nCustomer with $100,000 or more of ARR as of the last day of the applicable\nperiod of measurement.\n\nFigma calculates Net Dollar Retention Rate as of the applicable period of\nmeasurement by starting with the ARR of Paid Customers with more than $10,000\nin ARR as of twelve months prior to such date of measurement (“Prior Period\nARR”). Figma then calculates the ARR for those same customers as of the\napplicable period of measurement (“Current Period ARR”). Figma then\ndivides Current Period ARR by Prior Period ARR to calculate Net Dollar\nRetention Rate for the applicable date of measurement. Figma’s Net Dollar\nRetention Rate reflects customer expansion, contraction, and customer churn.\nFigma calculates Net Dollar Retention Rate using ARR from Paid Customers with\nmore than $10,000 in ARR because Figma believes that $10,000 in ARR is an\nimportant threshold, as it is a strong indicator of significant paid usage of\nFigma’s products.\n\nFigma calculates Paid Customers with more than $10,000 in ARR consuming AI\ncredits on a weekly basis for a given quarter using the week with the highest\nnumber of such users in the quarter.\n\nAdditional terms are defined in Figma’s Quarterly Report on Form 10-Q for\nthe quarter ended June 30, 2026, filed or to be filed with the SEC on August\n5, 2026.\n Figma, Inc. \n \n \n \nCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS \n \n \n \n(in thousands, except per share amounts; unaudited) \n         \n   Three Months Ended   Six Months Ended \n \n \n \n \nJune 30, \nJune 30, \n   2026   2025   2026   2025 \n Revenue $ 370,083     $ 249,640     $ 703,522     $ 477,839   \n Cost of revenue((1))   60,472       27,889       129,138       47,341   \n Gross profit   309,611       221,751       574,384       430,498   \n Operating expenses((1)):               \n Research and development   167,329       83,052       340,303       152,977   \n Sales and marketing   154,856       97,701       280,424       166,541   \n General and administrative   104,715       38,922       208,344       69,155   \n Total operating expenses   426,900       219,675       829,071       388,673   \n Income (loss) from operations   (117,289 )     2,076       (254,687 )     41,825   \n Other income, net   7,614       36,978       3,289       44,252   \n Income (loss) before income taxes   (109,675 )     39,054       (251,398 )     86,077   \n Provision for income taxes   2,477       10,827       3,155       12,968   \n Net income (loss) $ (112,152 )   $ 28,227     $ (254,553 )   $ 73,109   \n Less: net income attributable to participating securities   —       (27,381 )     —       (51,332 ) \n Net income (loss) attributable to common stockholders $ (112,152 )   $ 846     $ (254,553 )   $ 21,777   \n Net income (loss) per share, basic and diluted:               \n Net income (loss) per share, basic $ (0.21 )   $ —     $ (0.48 )   $ 0.10   \n Net income (loss) per share, diluted $ (0.21 )   $ —     $ (0.48 )   $ 0.10   \n Weighted-average shares outstanding used in computing net income (loss) per   527,460       215,062       525,542       214,973   \n share attributable to common stockholders, basic \n Weighted-average shares outstanding used in computing net income (loss) per   527,460       231,702       525,542       231,386   \n share attributable to common stockholders, diluted \n\n ____________________ \n ((1)) Includes stock-based compensation, net of amounts capitalized, as follows: \n\n   Three Months Ended   Six Months Ended \n \n \n \n \nJune 30, \nJune 30, \n   2026   2025   2026   2025 \n Cost of revenue $ 2,036   $ 218   $ 7,117   $ 218 \n Research and development   61,777     5,939     140,802     6,136 \n Sales and marketing   18,815     544     39,765     544 \n General and administrative   64,926     609     128,868     609 \n Total $ 147,554   $ 7,310   $ 316,552   $ 7,507 \n\n Figma, Inc. \n \n \n \nCONDENSED CONSOLIDATED BALANCE SHEETS \n \n \n \n(in thousands) \n     \n   As of \n   June 30, 2026   December 31, 2025 \n   (unaudited)     \n Assets       \n Current assets       \n Cash and cash equivalents $ 445,845     $ 403,469   \n Digital assets, current   15,820       15,575   \n Marketable securities   1,221,293       1,252,474   \n Accounts receivable, net   190,876       247,915   \n Prepaid expenses and other current assets   103,206       85,267   \n Total current assets   1,977,040       2,004,700   \n Property and equipment, net   38,321       19,996   \n Intangible assets, net   13,371       19,083   \n Digital assets, non-current   10,115       15,116   \n Goodwill   101,396       101,396   \n Operating lease right-of-use assets   62,320       57,411   \n Restricted cash   9,800       9,799   \n Other assets   138,911       120,706   \n Total assets $ 2,351,274     $ 2,348,207   \n Liabilities and stockholders’ equity       \n Accounts payable $ 26,149     $ 4,502   \n Accrued and other current liabilities   91,557       66,535   \n Accrued compensation and benefits   53,528       107,105   \n Operating lease liabilities, current   8,661       2,630   \n Deferred revenue   626,783       595,334   \n Total current liabilities   806,678       776,106   \n Operating lease liabilities, non-current   59,090       55,845   \n Other non-current liabilities   7,599       5,615   \n Total liabilities   873,367       837,566   \n Stockholders’ equity:       \n Common stock   4       4   \n Additional paid-in capital   3,178,403       2,950,007   \n Accumulated other comprehensive income (loss)   (2,574 )     4,003   \n Accumulated deficit   (1,697,926 )     (1,443,373 ) \n Total stockholders’ equity   1,477,907       1,510,641   \n Total liabilities and stockholders’ equity $ 2,351,274     $ 2,348,207   \n\n Figma, Inc. \n \n \n \nCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW \n \n \n \n(in thousands; unaudited) \n         \n   Three Months Ended June 30,   Six Months Ended June 30, \n   2026   2025   2026   2025 \n Cash flows from operating activities:               \n Net income (loss) $ (112,152 )   $ 28,227     $ (254,553 )   $ 73,109   \n Adjustments to reconcile net income (loss) to net cash provided by operating               \n activities: \n Depreciation and amortization   4,226       3,611       10,323       5,132   \n Non-cash operating lease costs   6,286       4,594       10,873       8,699   \n Stock-based compensation, net of amounts capitalized   147,554       7,310       316,552       7,507   \n Amortization of deferred commissions   6,984       4,992       13,495       9,698   \n Net accretion of discounts on available-for-sale securities   (2,259 )     (4,135 )     (4,733 )     (8,981 ) \n Unrealized (gains) losses on equity investments, net   4,408       (22,121 )     20,019       (13,855 ) \n Remeasurement loss on digital assets, non-current   1,672       —       5,001       —   \n Other non-cash adjustments   (680 )     1,529       1,802       1,343   \n Changes in assets and liabilities:               \n Accounts receivable, net   (2,918 )     (12,207 )     56,594       5,784   \n Prepaid expenses and other current assets   (8,592 )     6,293       (17,398 )     (2,871 ) \n Other assets   (8,886 )     (7,837 )     (27,075 )     (10,271 ) \n Accounts payable   17,405       8,594       21,565       7,711   \n Accrued and other current liabilities   6,481       4,266       15,938       8,652   \n Accrued compensation and benefits   387       16,559       (43,635 )     19,848   \n Deferred revenue   (881 )     26,511       31,449       51,784   \n Other non-current liabilities   1,858       (3,731 )     1,984       (3,657 ) \n Net cash provided by operating activities   60,893       62,455       158,201       159,632   \n Cash flows from investing activities:               \n Purchase of intangible assets   (2,780 )     —       (2,780 )     —   \n Capital expenditures   (6,688 )     (1,134 )     (14,500 )     (2,008 ) \n Capitalized internal-use software development costs   (995 )     (718 )     (1,883 )     (2,439 ) \n Cash paid for business combinations, net of cash acquired   —       (21,004 )     —       (21,004 ) \n Purchases of marketable securities   (157,710 )     (286,827 )     (420,646 )     (525,632 ) \n Proceeds from maturities of marketable securities   157,052       220,725       345,173       475,836   \n Proceeds from sales of marketable securities   5,370       44,282       81,119       72,483   \n Purchase of digital assets   —       (30,000 )     —       (30,000 ) \n Other cash flows from investing activities   (500 )     (150 )     (183 )     (811 ) \n Net cash used in investing activities   (6,251 )     (74,826 )     (13,700 )     (33,575 ) \n Cash flows from financing activities:               \n Payment of deferred offering costs, net of costs reimbursed   —       (3,454 )     —       (3,454 ) \n Cash paid for issuance costs on revolving credit facility   —       (1,400 )     —       (1,400 ) \n Proceeds from options exercised   18,465       20,311       47,316       20,650   \n Proceeds from issuance of common stock under employee stock purchase plan   13,205       —       13,205       —   \n Taxes paid related to net share settlement of equity awards   (45,489 )     —       (161,648 )     —   \n Other cash flows from financing activities   100       (12 )     (128 )     (12 ) \n Net cash provided by (used in) financing activities   (13,719 )     15,445       (101,255 )     15,784   \n Change in cash, cash equivalents, and restricted cash   40,923       3,074       43,246       141,841   \n Cash, cash equivalents, and restricted cash—beginning of period   415,514       629,352       413,191       490,585   \n Cash, cash equivalents, and restricted cash—end of period $ 456,437     $ 632,426     $ 456,437     $ 632,426   \n\n Figma, Inc. \n \n \n \nRECONCILIATION FROM GAAP TO NON-GAAP RESULTS \n \n \n \n(in thousands except percentages; unaudited) \n         \n   Three Months Ended June 30,   Six Months Ended June 30, \n   2026   2025   2026   2025 \n Reconciliation of gross profit and gross margin               \n GAAP gross profit $ 309,611     $ 221,751     $ 574,384     $ 430,498   \n Plus: Stock-based compensation expense   2,036       218       7,117       218   \n Plus: Amortization of stock-based compensation included in capitalized   308       188       566       274   \n internal use software development costs \n Plus: Amortization of acquired intangibles from acquisitions   1,909       1,797       5,795       1,797   \n Plus: Employer payroll taxes on employee stock transactions   135       —       696       —   \n Non-GAAP gross profit $ 313,999     $ 223,954     $ 588,558     $ 432,787   \n GAAP gross margin   84 %     89 %     82 %     90 % \n Non-GAAP gross margin   85 %     90 %     84 %     91 % \n                 \n Reconciliation of operating expenses               \n GAAP research and development $ 167,329     $ 83,052     $ 340,303     $ 152,977   \n Less: Stock-based compensation expense   (61,777 )     (5,939 )     (140,802 )     (6,136 ) \n Less: Employer payroll taxes on employee stock transactions   (2,256 )     —       (8,141 )     —   \n Less: Impairment losses on long-lived assets   —       —       (2,371 )     —   \n Non-GAAP research and development $ 103,296     $ 77,113     $ 188,989     $ 146,841   \n                 \n GAAP sales and marketing $ 154,856     $ 97,701     $ 280,424     $ 166,541   \n Less: Stock-based compensation expense   (18,815 )     (544 )     (39,765 )     (544 ) \n Less: Employer payroll taxes on employee stock transactions   (703 )     —       (4,823 )     —   \n Less: Amortization of acquired intangibles from acquisitions   (125 )     (101 )     (250 )     (101 ) \n Non-GAAP sales and marketing $ 135,213     $ 97,056     $ 235,586     $ 165,896   \n                 \n GAAP general and administrative $ 104,715     $ 38,922     $ 208,344     $ 69,155   \n Less: Stock-based compensation expense   (64,926 )     (609 )     (128,868 )     (609 ) \n Less: Employer payroll taxes on employee stock transactions   (392 )     —       (3,719 )     —   \n Non-GAAP general and administrative $ 39,397     $ 38,313     $ 75,757     $ 68,546   \n                 \n Reconciliation of operating income (loss) and operating margin               \n GAAP operating income (loss) $ (117,289 )   $ 2,076     $ (254,687 )   $ 41,825   \n Plus: Stock-based compensation expense   147,554       7,310       316,552       7,507   \n Plus: Amortization of stock-based compensation included in capitalized   308       188       566       274   \n internal use software development costs \n Plus: Employer payroll taxes on employee stock transactions   3,486       —       17,379       —   \n Plus: Amortization of acquired intangibles from acquisitions   2,034       1,898       6,045       1,898   \n Plus: Impairment losses on long-lived assets   —       —       2,371       —   \n Non-GAAP operating income $ 36,093     $ 11,472     $ 88,226     $ 51,504   \n GAAP operating margin   (32 )%     1 %     (36 )%     9 % \n Non-GAAP operating margin   10 %     5 %     13 %     11 % \n\n Figma, Inc. \n \n \n \nRECONCILIATION FROM GAAP TO NON-GAAP RESULTS \n \n \n \n(in thousands; unaudited) \n         \n   Three Months Ended   Six Months Ended June 30, \n \nJune 30, \n   2026   2025   2026   2025 \n Reconciliation of net income (loss)               \n GAAP net income (loss) $ (112,152 )   $ 28,227     $ (254,553 )   $ 73,109   \n Plus: Stock-based compensation expense   147,554       7,310       316,552       7,507   \n Plus: Amortization of stock-based compensation included in capitalized   308       188       566       274   \n internal use software development costs \n Plus: Employer payroll taxes on employee stock transactions((1))   3,486       —       17,379       —   \n Plus: Amortization of acquired intangibles from acquisitions   2,034       1,898       6,045       1,898   \n Plus: Impairment losses on long-lived assets   —       —       2,371       —   \n Plus: Equity investment (gains) losses, net   4,408       (22,072 )     19,355       (13,744 ) \n Plus: Remeasurement losses on digital assets, non-current   1,672       —       5,001       —   \n Less: Income tax effects of non-GAAP adjustments((2))   4,743       (4,232 )     13,646       7,535   \n Non-GAAP net income $ 42,567     $ 19,783     $ 99,070     $ 61,509   \n Less: Non-GAAP net income attributable to participating securities   —       (19,783 )     —       (45,142 ) \n Non-GAAP net income attributable to common stockholders $ 42,567     $ —     $ 99,070     $ 16,367   \n Plus: Reallocation of Non-GAAP net income to common stockholders considering   —       —       —       644   \n potentially dilutive securities \n Non-GAAP net income attributable to common stockholders considering $ 42,567     $ —     $ 99,070     $ 17,011   \n potentially dilutive securities \n Weighted-average shares outstanding used to compute Non-GAAP net income per   527,460       215,062       525,542       214,973   \n share, basic \n Weighted-average shares outstanding used to compute Non-GAAP net income per   542,583       231,702       543,704       231,386   \n share, diluted \n Non-GAAP net income per share, basic $ 0.08     $ —     $ 0.19     $ 0.08   \n Non-GAAP net income per share, diluted $ 0.08     $ —     $ 0.18     $ 0.07   \n\n ____________________ \n (1) Employer payroll taxes on employee stock transactions for the three and six \n months ended June 30, 2026 were primarily related to employer taxes paid on \n Figma’s restricted stock unit releases. \n (2) Income tax effects of non-GAAP adjustments are calculated based on a projected \n tax rate of 14.5% for the three and six months ended June 30, 2026, and 25% \n for the three and six months ended June 30, 2025. The projected tax rate \n decrease is primarily attributable to the release of a non-GAAP valuation \n allowance, resulting from an updated assessment of deferred tax asset \n realizability based on revised non-GAAP future taxable income projections at \n the end of 2025. Figma will periodically re-evaluate this tax rate, for \n significant events, relevant tax law changes, material changes in the \n forecasted geographic earnings mix, and any significant acquisitions. \n\n Figma, Inc. \n \n \n \nRECONCILIATION OF GAAP CASH FLOW FROM OPERATING ACTIVITIES TO FREE CASH FLOW \n \n \n \n(in thousands, except percentages; unaudited) \n         \n   Three Months Ended   Six Months Ended June 30, \n \nJune 30, \n 2026   2025   2026   202 \n 5 \n Net cash provided by operating activities((1)) $ 60,893     $ 62,455     $ 158,201     $ 159,632   \n     (6,688 )     (1,134 )     (14,500 )     (2,008 ) \n     (995 )     (718 )     (1,883 )     (2,439 ) \n Free Cash Flow $ 53,210     $ 60,603     $ 141,818     $ 155,185   \n Net cash provided by (used in) investing activities $ (6,251 )   $ (74,826 )   $ (13,700 )   $ (33,575 ) \n Net cash provided by (used in) financing activities $ (13,719 )   $ 15,445     $ (101,255 )   $ 15,784   \n Operating Cash Flow Margin   16 %     25 %     22 %     33 % \n Free Cash Flow Margin((2))   14 %     24 %     20 %     33 % \n\n ____________________ \n ((1)) Net cash provided by operating activities for the six months ended June 30, \n 2026 includes the impact of a $56.1 million payment under Figma’s annual \n corporate bonus program, accrued during the year ended December 31, 2025, with \n no comparable payment in the prior year period. \n ((2)) Free Cash Flow Margin is a non-GAAP financial measure that is calculated as \n Free Cash Flow divided by revenue. \n\n\n \n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260805158853/en/\n(https://www.businesswire.com/news/home/20260805158853/en/)\n\nInvestor Contact: \n\nKate DeLeo\n\nFigma, Inc.\n\nir@figma.com (mailto:ir@figma.com)\n\nMedia Contact: \n\nMichael Amodeo\n\nFigma, Inc.\n\npress@figma.com (mailto:press@figma.com)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw845LjJa","title":"Figma Announces Second Quarter 2026 Financial Results","author":"Business Wire","ticker":"FIG","created":"2026-08-05T20:05:00.535Z","tickers":["FIG"],"exchange":"NYSE","article_body":"Figma Announces Second Quarter 2026 Financial Results\n\nQ2 revenue grew 48% year-over-year to $370.1 million, the third straight\nquarter of accelerated year-over-year growth. GAAP and non-GAAP gross profit\nyear-over-year growth accelerated to 40%.\n\nCode Layers, the Figma agent, and new creative capabilities expand the surface\nfor AI consumption and what teams can create in Figma.\n\nFigma raises full year revenue guidance, reflecting sustained seat expansion\nand AI adoption.\n\nFigma, Inc. (NYSE:FIG) announced financial results today for its second\nquarter ended June 30, 2026.\n\n“Q2 was Figma’s third straight quarter of accelerated revenue growth, and\nas code gets commoditized and value moves up the stack, the opportunity ahead\nof us has only grown,” said Dylan Field, Figma's CEO. “By bringing code,\nnew creative capabilities, and agents directly to the canvas, we’re\nincreasing the surface for AI consumption in Figma and expanding the\npossibilities for what teams can create on our platform. Figma is building the\ncanvas for full-stack creation: one place where anyone can reach for the tool\nthey need to express their vision exactly as they imagine it.”\n\n“Q2 was a record quarter and our first full quarter of AI credit\nmonetization,” said Praveer Melwani, Figma’s CFO. “Revenue grew 48%\nyear-over-year, accelerating for the third consecutive quarter, and gross\nprofit growth accelerated alongside it. Net Dollar Retention Rate remained\nstrong at 136% as customers expanded both seats and AI credit add-ons. The\nstrength of these signals gives us the confidence to raise our full year\nrevenue outlook while continuing to invest behind the products we introduced\nat Config.”\n\nSecond Quarter 2026 Financial Highlights:\n\n\n * Revenue was $370.1 million, up 48% year-over-year and above the range of\nFigma’s previously issued second quarter guidance. Year-over-year revenue\ngrowth accelerated for the third sequential quarter.\n\n * GAAP gross profit was $309.6 million; GAAP gross margin was 84%. Non-GAAP\ngross profit was $314.0 million; non-GAAP gross margin was 85%. Year-over-year\ngrowth for GAAP and non-GAAP gross profit accelerated to 40%.\n\n * GAAP loss from operations was $(117.3) million; GAAP operating margin was\n(32)%. Non-GAAP operating income was $36.1 million; non-GAAP operating margin\nwas 10%. GAAP and non-GAAP operating income were impacted by the increased\ninvestment in sales and marketing spend related to Figma’s annual user\nconference, Config.\n\n * Net cash provided by operating activities was $60.9 million; operating cash\nflow margin was 16%. Free Cash Flow was $53.2 million; Free Cash Flow Margin\nwas 14%.\n\n * GAAP net loss was $(112.2) million and non-GAAP net income was $42.6 million.\n\n * GAAP net loss per share, basic and diluted was $(0.21) and non-GAAP net income\nper share, basic and diluted was $0.08.\n\n * Cash, cash equivalents, and marketable securities were $1.7 billion as of June\n30, 2026.\n\nRecent Business & Product Highlights:\n\n\n * Net Dollar Retention Rate was 136% as of June 30, 2026.\n\n * 15,964 Paid Customers with more than $10,000 in ARR as of June 30, 2026,\ngrowing 34% year-over-year.\n\n * 1,635 Paid Customers with more than $100,000 in ARR as of June 30, 2026,\ngrowing 46% year-over-year.\n\n * As of June 30, 2026, over 80% of Paid Customers with more than $10,000 in ARR\nwere consuming AI credits weekly.\n\n * Hosted Config, Figma’s annual user conference, which brought over 10,000\ndesigners, product builders, and executive leaders from the world’s leading\ncompanies to San Francisco.\n\n * Announced Code Layers, which brings the power of Figma Make to the Figma\ndesign canvas. With Code Layers, teams can turn static designs into\ninteractive, code-backed prototypes that can be edited in code or manipulated\nvisually. Also introduced the ability for teams to work directly in their\nproduction codebase with Figma Make.\n\n * Introduced new expressive capabilities on the canvas such as Motion, Shaders,\nand 3D Transforms; also shipped Figma Weave Tools, which turn complex AI image\nand video generation workflows into re-usable tools on the canvas. Together,\nthese new capabilities expand the types of work that can happen on Figma.\n\n * Launched the Figma agent, a first-party agent that’s built into the canvas,\nfluent in Figma, and increasingly powered by Figma’s first-party model. The\nFigma agent handles everything from automating repetitive tasks to generating\nmotion animations and shaders; as of July 31, 2026, over 50% of Paid Customers\nwith more than $10,000 in ARR were already using the Figma agent on a weekly\nbasis.\n\n\n* Introduced Skills, a way for teams to teach the Figma agent their own\nprocesses, governance standards, and best practices, and generative plugins,\nwhich allow teams to build custom internal tools by simply prompting the Figma\nagent.\n\n\n\n\nThird Quarter and Full Year 2026 Outlook:\n\nBased on information as of today, Figma is providing the following guidance:\n\n\n * Third Quarter 2026 Outlook:\n\n\n* Revenue between $373.0 million and $375.0 million, implying 36%\nyear-over-year\ngrowth at the midpoint of the range.\n\n\n\n\n * Full Year 2026 Outlook:\n\n\n* Revenue between $1.463 billion and $1.467 billion, implying 39%\nyear-over-year\ngrowth at the midpoint of the range and a raise of $40.0 million to Figma’s\npreviously issued guidance.\n\n * Non-GAAP operating income between $125.0 million and $135.0 million,\nrepresenting a non-GAAP operating margin of 9% at the midpoint of the range.\n\n\n\n\nConference Call Details:\n\nFigma will host a conference call today, August 5, 2026, at 5:00pm Eastern\nTime (2:00pm Pacific Time) to discuss its financial results for the second\nquarter of 2026 and outlook for the third quarter and full year 2026. To\naccess the call, please register at\nhttps://investor.figma.com/news-events/events-and-presentations/event-details/2026/Figma-Q2-2026-Earnings-Call/default.aspx\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Finvestor.figma.com%2Fnews-events%2Fevents-and-presentations%2Fevent-details%2F2026%2FFigma-Q2-2026-Earnings-Call%2Fdefault.aspx&esheet=54584390&newsitemid=20260805158853&lan=en-US&anchor=https%3A%2F%2Finvestor.figma.com%2Fnews-events%2Fevents-and-presentations%2Fevent-details%2F2026%2FFigma-Q2-2026-Earnings-Call%2Fdefault.aspx&index=1&md5=a756bcd5d6af24622376fe81a44d5778)\n. Figma will provide a written version of the prepared remarks portion of the\ncall on Figma’s investor relations website (https://investor.figma.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Finvestor.figma.com&esheet=54584390&newsitemid=20260805158853&lan=en-US&anchor=https%3A%2F%2Finvestor.figma.com&index=2&md5=0e0422a67788d41a7a41c4d37a95a87e)\n) before the call begins. A live webcast of the call will be available on\nFigma’s investor relations website (https://investor.figma.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Finvestor.figma.com&esheet=54584390&newsitemid=20260805158853&lan=en-US&anchor=https%3A%2F%2Finvestor.figma.com&index=3&md5=06d2cf0d7a2010a26e02e3ac00d8ffdd)\n), and a replay and transcript of the webcast will be archived on the same\nwebsite following the call.\n\nInvestor Presentation:\n\nAn investor presentation providing additional information can be found at\nhttps://investor.figma.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Finvestor.figma.com&esheet=54584390&newsitemid=20260805158853&lan=en-US&anchor=https%3A%2F%2Finvestor.figma.com&index=4&md5=055f9984debd4992fc574eba2776130a)\n.\n\nAbout Figma\n\nFigma is where teams design and build the world’s best digital products.\nFounded in 2012, Figma’s canvas brings teams, agents, code and design\ntogether to go from idea to shipped product, all in one place. Whatever\nyou’re building, Figma makes your workflow more collaborative and\nefficient—while keeping everyone on the same page.\n\nFigma, the Figma logo, and other registered or common law trade names,\ntrademarks, or service marks of Figma appearing in this press release are the\nproperty of Figma, Inc. All third-party trademarks and trade names appearing\nin this press release are the property of their respective owners. The use of\nsuch trademarks and trade names is for identification purposes only and does\nnot imply any affiliation with, endorsement of, or sponsorship by their\nrespective owners.\n\nForward-Looking Statements\n\nThis press release contains “forward-looking statements” within the\nmeaning of applicable securities laws. All statements other than statements of\nhistorical fact could be deemed to be forward-looking, including, but not\nlimited to, statements regarding Figma’s future operating results and\nfinancial condition, including financial outlook for the third quarter of 2026\nand full year 2026, Figma’s business strategy and plans, Figma’s\nexpectations regarding opportunity, customer adoption, growth, and expansion,\nFigma’s expectations regarding AI products, features, and monetization, as\nwell as any assumptions relating to the foregoing. The words “believe,”\n“may,” “will,” “potentially,” “estimate,” “continue,”\n“anticipate,” “intend,” “could,” “would,” “project,”\n“target,” “plan,” “expect,” and similar expressions are intended\nto identify forward-looking statements, although not all forward-looking\nstatements contain these identifying words.\n\nThese forward-looking statements are made as of the date they were first\nissued and are based on information available to Figma together with Figma’s\nexpectations, estimates, forecasts, projections, beliefs, and assumptions as\nof such date. Forward-looking statements are subject to a number of risks and\nuncertainties, many of which involve factors or circumstances that are beyond\nFigma’s control. Figma’s actual results could differ materially from those\nstated or implied in forward-looking statements due to a number of factors.\nFurther information on potential risks that could affect actual results is\nincluded in Figma’s most recent filings with the Securities and Exchange\nCommission (the “SEC”), including in Figma’s Quarterly Report on Form\n10-Q for the quarter ended June 30, 2026, filed or to be filed with the SEC on\nAugust 5, 2026, copies of which may be obtained by visiting Figma’s Investor\nRelations website at https://investor.figma.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Finvestor.figma.com&esheet=54584390&newsitemid=20260805158853&lan=en-US&anchor=https%3A%2F%2Finvestor.figma.com&index=5&md5=650a8527e6a720b5b96345190adc39a4)\nor the SEC's website at https://www.sec.gov\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.sec.gov&esheet=54584390&newsitemid=20260805158853&lan=en-US&anchor=https%3A%2F%2Fwww.sec.gov&index=6&md5=4a5c6676b75c4ae0eaef632f9f34b24c)\n. Past performance is not necessarily indicative of future results. Figma\nundertakes no intention or obligation to update or revise any forward-looking\nstatements, whether as a result of new information, future events, or\notherwise, except as required by law. Forward-looking statements should not be\nrelied upon as representing Figma’s views as of any date subsequent to the\ndate of this press release.\n\nNon-GAAP Financial Measures\n\nThis press release and the accompanying tables contain the following non-GAAP\nfinancial measures:\n\nFree Cash Flow, Free Cash Flow Margin, non-GAAP gross profit, non-GAAP gross\nmargin, non-GAAP research and development expenses, non-GAAP sales and\nmarketing expenses, non-GAAP general and administrative expenses, non-GAAP\noperating income, non-GAAP operating margin, non-GAAP net income, non-GAAP net\nincome attributable to common stockholders, non-GAAP net income attributable\nto common stockholders considering potentially dilutive securities, and\nnon-GAAP net income per share, basic and diluted. Certain of these non-GAAP\nfinancial measures exclude stock-based compensation expense, amortization of\nstock-based compensation expense included in capitalized internal use software\ndevelopment costs, employer payroll taxes on employee stock transactions, and\namortization of acquired intangibles from acquisitions. Additionally, Figma\nexcludes certain non-recurring charges, including equity investment (gains)\nlosses, net, remeasurement (gains) losses on digital assets, non-current, net,\nand impairment losses on long-lived assets. The tax rate used to compute\nincome tax effects and adjustments is Figma’s blended current expected\neffective tax rate, based on tax legislation currently in effect, and is\nsubject to change based on various factors, including but not limited to,\nchanges to local and international tax laws, changes in the geographic mix of\nFigma’s earnings, or other changes to Figma’s strategy or business\noperations.\n\nFigma believes that these non-GAAP financial measures provide useful\ninformation to management and investors in evaluating Figma’s financial\ncondition and operating performance. Figma’s management uses these non-GAAP\nmeasures, collectively, to evaluate Figma’s ongoing operations, and for\nbudgeting and internal planning purposes. Figma believes that non-GAAP\nfinancial information, when taken collectively, may be helpful to investors\nbecause it provides consistency and comparability with past financial\nperformance. The non-GAAP financial information is presented for supplemental\ninformational purposes only, should not be considered a substitute for\nfinancial information presented in accordance with GAAP, and may be different\nfrom similarly titled non-GAAP measures used by other companies.\n\nManagement does not consider these non-GAAP measures in isolation or as an\nalternative to financial measures determined in accordance with GAAP. The\nprincipal limitation of these non-GAAP financial measures is that they exclude\nsignificant expenses and income that are required by GAAP to be recorded in\nFigma’s financial statements. In addition, they are subject to inherent\nlimitations as they reflect the exercise of judgment by management about which\nexpenses and income are excluded or included in determining these non-GAAP\nfinancial measures. Figma urges investors to review the reconciliation of its\nnon-GAAP financial measures to the comparable GAAP financial measures, and not\nto rely on any single financial measure to evaluate Figma’s business.\n\nReconciliations of the most comparable GAAP financial measures to the non-GAAP\nfinancial measures presented in this press release are included in the\nfinancial tables at the end of this press release. Figma has not reconciled\nits outlook as to non-GAAP operating income and non-GAAP operating margin to\ntheir most directly comparable GAAP measures because certain items that impact\nnon-GAAP operating income and non-GAAP operating margin are out of Figma’s\ncontrol or cannot be reasonably predicted. Accordingly, reconciliations for\nforward-looking non-GAAP operating income and non-GAAP operating margin are\nnot available without unreasonable effort.\n\nCertain Definitions\n\nFigma calculates Annual Recurring Revenue (“ARR”) as the annualized value\nof Figma’s active customer agreements as of the measurement date, assuming\nany agreement that expires during the next twelve months following the\nmeasurement date is renewed on existing terms. A customer agreement is\nconsidered active when seats are provisioned to the customer at the start of\ntheir subscription. In cases where contracts are signed but not provisioned\nprior to the measurement date, the customer agreement is counted as active if\nprovisioning takes place no more than 15 days after the measurement date.\n\nFigma defines a Paid Customer as a customer account that is billed separately\nfor which Figma has an active paid subscription as of the last day of the\napplicable period of measurement. A single organization with multiple\ndivisions, segments, subsidiaries, or subscribing teams that are each billed\nseparately are counted as multiple Paid Customers. A customer account is\nconsidered active when seats are provisioned to the customer at the start of\ntheir subscription. In cases where contracts are signed but not provisioned as\nof the last date of the applicable period of measurement, the customer account\nis counted as active if provisioning takes place no more than 15 days after\nthe last day of the applicable period of measurement.\n\nFigma defines a Paid Customer with more than $10,000 in ARR as a Paid Customer\nwith a total of $10,000 or more of ARR as of the last day of the applicable\nperiod of measurement.\n\nFigma defines a Paid Customer with more than $100,000 in ARR as a Paid\nCustomer with $100,000 or more of ARR as of the last day of the applicable\nperiod of measurement.\n\nFigma calculates Net Dollar Retention Rate as of the applicable period of\nmeasurement by starting with the ARR of Paid Customers with more than $10,000\nin ARR as of twelve months prior to such date of measurement (“Prior Period\nARR”). Figma then calculates the ARR for those same customers as of the\napplicable period of measurement (“Current Period ARR”). Figma then\ndivides Current Period ARR by Prior Period ARR to calculate Net Dollar\nRetention Rate for the applicable date of measurement. Figma’s Net Dollar\nRetention Rate reflects customer expansion, contraction, and customer churn.\nFigma calculates Net Dollar Retention Rate using ARR from Paid Customers with\nmore than $10,000 in ARR because Figma believes that $10,000 in ARR is an\nimportant threshold, as it is a strong indicator of significant paid usage of\nFigma’s products.\n\nFigma calculates Paid Customers with more than $10,000 in ARR consuming AI\ncredits on a weekly basis for a given quarter using the week with the highest\nnumber of such users in the quarter.\n\nAdditional terms are defined in Figma’s Quarterly Report on Form 10-Q for\nthe quarter ended June 30, 2026, filed or to be filed with the SEC on August\n5, 2026.\n Figma, Inc. \n \n \n \nCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS \n \n \n \n(in thousands, except per share amounts; unaudited) \n         \n   Three Months Ended   Six Months Ended \n \n \n \n \nJune 30, \nJune 30, \n   2026   2025   2026   2025 \n Revenue $ 370,083     $ 249,640     $ 703,522     $ 477,839   \n Cost of revenue((1))   60,472       27,889       129,138       47,341   \n Gross profit   309,611       221,751       574,384       430,498   \n Operating expenses((1)):               \n Research and development   167,329       83,052       340,303       152,977   \n Sales and marketing   154,856       97,701       280,424       166,541   \n General and administrative   104,715       38,922       208,344       69,155   \n Total operating expenses   426,900       219,675       829,071       388,673   \n Income (loss) from operations   (117,289 )     2,076       (254,687 )     41,825   \n Other income, net   7,614       36,978       3,289       44,252   \n Income (loss) before income taxes   (109,675 )     39,054       (251,398 )     86,077   \n Provision for income taxes   2,477       10,827       3,155       12,968   \n Net income (loss) $ (112,152 )   $ 28,227     $ (254,553 )   $ 73,109   \n Less: net income attributable to participating securities   —       (27,381 )     —       (51,332 ) \n Net income (loss) attributable to common stockholders $ (112,152 )   $ 846     $ (254,553 )   $ 21,777   \n Net income (loss) per share, basic and diluted:               \n Net income (loss) per share, basic $ (0.21 )   $ —     $ (0.48 )   $ 0.10   \n Net income (loss) per share, diluted $ (0.21 )   $ —     $ (0.48 )   $ 0.10   \n Weighted-average shares outstanding used in computing net income (loss) per   527,460       215,062       525,542       214,973   \n share attributable to common stockholders, basic \n Weighted-average shares outstanding used in computing net income (loss) per   527,460       231,702       525,542       231,386   \n share attributable to common stockholders, diluted \n\n ____________________ \n ((1)) Includes stock-based compensation, net of amounts capitalized, as follows: \n\n   Three Months Ended   Six Months Ended \n \n \n \n \nJune 30, \nJune 30, \n   2026   2025   2026   2025 \n Cost of revenue $ 2,036   $ 218   $ 7,117   $ 218 \n Research and development   61,777     5,939     140,802     6,136 \n Sales and marketing   18,815     544     39,765     544 \n General and administrative   64,926     609     128,868     609 \n Total $ 147,554   $ 7,310   $ 316,552   $ 7,507 \n\n Figma, Inc. \n \n \n \nCONDENSED CONSOLIDATED BALANCE SHEETS \n \n \n \n(in thousands) \n     \n   As of \n   June 30, 2026   December 31, 2025 \n   (unaudited)     \n Assets       \n Current assets       \n Cash and cash equivalents $ 445,845     $ 403,469   \n Digital assets, current   15,820       15,575   \n Marketable securities   1,221,293       1,252,474   \n Accounts receivable, net   190,876       247,915   \n Prepaid expenses and other current assets   103,206       85,267   \n Total current assets   1,977,040       2,004,700   \n Property and equipment, net   38,321       19,996   \n Intangible assets, net   13,371       19,083   \n Digital assets, non-current   10,115       15,116   \n Goodwill   101,396       101,396   \n Operating lease right-of-use assets   62,320       57,411   \n Restricted cash   9,800       9,799   \n Other assets   138,911       120,706   \n Total assets $ 2,351,274     $ 2,348,207   \n Liabilities and stockholders’ equity       \n Accounts payable $ 26,149     $ 4,502   \n Accrued and other current liabilities   91,557       66,535   \n Accrued compensation and benefits   53,528       107,105   \n Operating lease liabilities, current   8,661       2,630   \n Deferred revenue   626,783       595,334   \n Total current liabilities   806,678       776,106   \n Operating lease liabilities, non-current   59,090       55,845   \n Other non-current liabilities   7,599       5,615   \n Total liabilities   873,367       837,566   \n Stockholders’ equity:       \n Common stock   4       4   \n Additional paid-in capital   3,178,403       2,950,007   \n Accumulated other comprehensive income (loss)   (2,574 )     4,003   \n Accumulated deficit   (1,697,926 )     (1,443,373 ) \n Total stockholders’ equity   1,477,907       1,510,641   \n Total liabilities and stockholders’ equity $ 2,351,274     $ 2,348,207   \n\n Figma, Inc. \n \n \n \nCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW \n \n \n \n(in thousands; unaudited) \n         \n   Three Months Ended June 30,   Six Months Ended June 30, \n   2026   2025   2026   2025 \n Cash flows from operating activities:               \n Net income (loss) $ (112,152 )   $ 28,227     $ (254,553 )   $ 73,109   \n Adjustments to reconcile net income (loss) to net cash provided by operating               \n activities: \n Depreciation and amortization   4,226       3,611       10,323       5,132   \n Non-cash operating lease costs   6,286       4,594       10,873       8,699   \n Stock-based compensation, net of amounts capitalized   147,554       7,310       316,552       7,507   \n Amortization of deferred commissions   6,984       4,992       13,495       9,698   \n Net accretion of discounts on available-for-sale securities   (2,259 )     (4,135 )     (4,733 )     (8,981 ) \n Unrealized (gains) losses on equity investments, net   4,408       (22,121 )     20,019       (13,855 ) \n Remeasurement loss on digital assets, non-current   1,672       —       5,001       —   \n Other non-cash adjustments   (680 )     1,529       1,802       1,343   \n Changes in assets and liabilities:               \n Accounts receivable, net   (2,918 )     (12,207 )     56,594       5,784   \n Prepaid expenses and other current assets   (8,592 )     6,293       (17,398 )     (2,871 ) \n Other assets   (8,886 )     (7,837 )     (27,075 )     (10,271 ) \n Accounts payable   17,405       8,594       21,565       7,711   \n Accrued and other current liabilities   6,481       4,266       15,938       8,652   \n Accrued compensation and benefits   387       16,559       (43,635 )     19,848   \n Deferred revenue   (881 )     26,511       31,449       51,784   \n Other non-current liabilities   1,858       (3,731 )     1,984       (3,657 ) \n Net cash provided by operating activities   60,893       62,455       158,201       159,632   \n Cash flows from investing activities:               \n Purchase of intangible assets   (2,780 )     —       (2,780 )     —   \n Capital expenditures   (6,688 )     (1,134 )     (14,500 )     (2,008 ) \n Capitalized internal-use software development costs   (995 )     (718 )     (1,883 )     (2,439 ) \n Cash paid for business combinations, net of cash acquired   —       (21,004 )     —       (21,004 ) \n Purchases of marketable securities   (157,710 )     (286,827 )     (420,646 )     (525,632 ) \n Proceeds from maturities of marketable securities   157,052       220,725       345,173       475,836   \n Proceeds from sales of marketable securities   5,370       44,282       81,119       72,483   \n Purchase of digital assets   —       (30,000 )     —       (30,000 ) \n Other cash flows from investing activities   (500 )     (150 )     (183 )     (811 ) \n Net cash used in investing activities   (6,251 )     (74,826 )     (13,700 )     (33,575 ) \n Cash flows from financing activities:               \n Payment of deferred offering costs, net of costs reimbursed   —       (3,454 )     —       (3,454 ) \n Cash paid for issuance costs on revolving credit facility   —       (1,400 )     —       (1,400 ) \n Proceeds from options exercised   18,465       20,311       47,316       20,650   \n Proceeds from issuance of common stock under employee stock purchase plan   13,205       —       13,205       —   \n Taxes paid related to net share settlement of equity awards   (45,489 )     —       (161,648 )     —   \n Other cash flows from financing activities   100       (12 )     (128 )     (12 ) \n Net cash provided by (used in) financing activities   (13,719 )     15,445       (101,255 )     15,784   \n Change in cash, cash equivalents, and restricted cash   40,923       3,074       43,246       141,841   \n Cash, cash equivalents, and restricted cash—beginning of period   415,514       629,352       413,191       490,585   \n Cash, cash equivalents, and restricted cash—end of period $ 456,437     $ 632,426     $ 456,437     $ 632,426   \n\n Figma, Inc. \n \n \n \nRECONCILIATION FROM GAAP TO NON-GAAP RESULTS \n \n \n \n(in thousands except percentages; unaudited) \n         \n   Three Months Ended June 30,   Six Months Ended June 30, \n   2026   2025   2026   2025 \n Reconciliation of gross profit and gross margin               \n GAAP gross profit $ 309,611     $ 221,751     $ 574,384     $ 430,498   \n Plus: Stock-based compensation expense   2,036       218       7,117       218   \n Plus: Amortization of stock-based compensation included in capitalized   308       188       566       274   \n internal use software development costs \n Plus: Amortization of acquired intangibles from acquisitions   1,909       1,797       5,795       1,797   \n Plus: Employer payroll taxes on employee stock transactions   135       —       696       —   \n Non-GAAP gross profit $ 313,999     $ 223,954     $ 588,558     $ 432,787   \n GAAP gross margin   84 %     89 %     82 %     90 % \n Non-GAAP gross margin   85 %     90 %     84 %     91 % \n                 \n Reconciliation of operating expenses               \n GAAP research and development $ 167,329     $ 83,052     $ 340,303     $ 152,977   \n Less: Stock-based compensation expense   (61,777 )     (5,939 )     (140,802 )     (6,136 ) \n Less: Employer payroll taxes on employee stock transactions   (2,256 )     —       (8,141 )     —   \n Less: Impairment losses on long-lived assets   —       —       (2,371 )     —   \n Non-GAAP research and development $ 103,296     $ 77,113     $ 188,989     $ 146,841   \n                 \n GAAP sales and marketing $ 154,856     $ 97,701     $ 280,424     $ 166,541   \n Less: Stock-based compensation expense   (18,815 )     (544 )     (39,765 )     (544 ) \n Less: Employer payroll taxes on employee stock transactions   (703 )     —       (4,823 )     —   \n Less: Amortization of acquired intangibles from acquisitions   (125 )     (101 )     (250 )     (101 ) \n Non-GAAP sales and marketing $ 135,213     $ 97,056     $ 235,586     $ 165,896   \n                 \n GAAP general and administrative $ 104,715     $ 38,922     $ 208,344     $ 69,155   \n Less: Stock-based compensation expense   (64,926 )     (609 )     (128,868 )     (609 ) \n Less: Employer payroll taxes on employee stock transactions   (392 )     —       (3,719 )     —   \n Non-GAAP general and administrative $ 39,397     $ 38,313     $ 75,757     $ 68,546   \n                 \n Reconciliation of operating income (loss) and operating margin               \n GAAP operating income (loss) $ (117,289 )   $ 2,076     $ (254,687 )   $ 41,825   \n Plus: Stock-based compensation expense   147,554       7,310       316,552       7,507   \n Plus: Amortization of stock-based compensation included in capitalized   308       188       566       274   \n internal use software development costs \n Plus: Employer payroll taxes on employee stock transactions   3,486       —       17,379       —   \n Plus: Amortization of acquired intangibles from acquisitions   2,034       1,898       6,045       1,898   \n Plus: Impairment losses on long-lived assets   —       —       2,371       —   \n Non-GAAP operating income $ 36,093     $ 11,472     $ 88,226     $ 51,504   \n GAAP operating margin   (32 )%     1 %     (36 )%     9 % \n Non-GAAP operating margin   10 %     5 %     13 %     11 % \n\n Figma, Inc. \n \n \n \nRECONCILIATION FROM GAAP TO NON-GAAP RESULTS \n \n \n \n(in thousands; unaudited) \n         \n   Three Months Ended   Six Months Ended June 30, \n \nJune 30, \n   2026   2025   2026   2025 \n Reconciliation of net income (loss)               \n GAAP net income (loss) $ (112,152 )   $ 28,227     $ (254,553 )   $ 73,109   \n Plus: Stock-based compensation expense   147,554       7,310       316,552       7,507   \n Plus: Amortization of stock-based compensation included in capitalized   308       188       566       274   \n internal use software development costs \n Plus: Employer payroll taxes on employee stock transactions((1))   3,486       —       17,379       —   \n Plus: Amortization of acquired intangibles from acquisitions   2,034       1,898       6,045       1,898   \n Plus: Impairment losses on long-lived assets   —       —       2,371       —   \n Plus: Equity investment (gains) losses, net   4,408       (22,072 )     19,355       (13,744 ) \n Plus: Remeasurement losses on digital assets, non-current   1,672       —       5,001       —   \n Less: Income tax effects of non-GAAP adjustments((2))   4,743       (4,232 )     13,646       7,535   \n Non-GAAP net income $ 42,567     $ 19,783     $ 99,070     $ 61,509   \n Less: Non-GAAP net income attributable to participating securities   —       (19,783 )     —       (45,142 ) \n Non-GAAP net income attributable to common stockholders $ 42,567     $ —     $ 99,070     $ 16,367   \n Plus: Reallocation of Non-GAAP net income to common stockholders considering   —       —       —       644   \n potentially dilutive securities \n Non-GAAP net income attributable to common stockholders considering $ 42,567     $ —     $ 99,070     $ 17,011   \n potentially dilutive securities \n Weighted-average shares outstanding used to compute Non-GAAP net income per   527,460       215,062       525,542       214,973   \n share, basic \n Weighted-average shares outstanding used to compute Non-GAAP net income per   542,583       231,702       543,704       231,386   \n share, diluted \n Non-GAAP net income per share, basic $ 0.08     $ —     $ 0.19     $ 0.08   \n Non-GAAP net income per share, diluted $ 0.08     $ —     $ 0.18     $ 0.07   \n\n ____________________ \n (1) Employer payroll taxes on employee stock transactions for the three and six \n months ended June 30, 2026 were primarily related to employer taxes paid on \n Figma’s restricted stock unit releases. \n (2) Income tax effects of non-GAAP adjustments are calculated based on a projected \n tax rate of 14.5% for the three and six months ended June 30, 2026, and 25% \n for the three and six months ended June 30, 2025. The projected tax rate \n decrease is primarily attributable to the release of a non-GAAP valuation \n allowance, resulting from an updated assessment of deferred tax asset \n realizability based on revised non-GAAP future taxable income projections at \n the end of 2025. Figma will periodically re-evaluate this tax rate, for \n significant events, relevant tax law changes, material changes in the \n forecasted geographic earnings mix, and any significant acquisitions. \n\n Figma, Inc. \n \n \n \nRECONCILIATION OF GAAP CASH FLOW FROM OPERATING ACTIVITIES TO FREE CASH FLOW \n \n \n \n(in thousands, except percentages; unaudited) \n         \n   Three Months Ended   Six Months Ended June 30, \n \nJune 30, \n 2026   2025   2026   202 \n 5 \n Net cash provided by operating activities((1)) $ 60,893     $ 62,455     $ 158,201     $ 159,632   \n     (6,688 )     (1,134 )     (14,500 )     (2,008 ) \n     (995 )     (718 )     (1,883 )     (2,439 ) \n Free Cash Flow $ 53,210     $ 60,603     $ 141,818     $ 155,185   \n Net cash provided by (used in) investing activities $ (6,251 )   $ (74,826 )   $ (13,700 )   $ (33,575 ) \n Net cash provided by (used in) financing activities $ (13,719 )   $ 15,445     $ (101,255 )   $ 15,784   \n Operating Cash Flow Margin   16 %     25 %     22 %     33 % \n Free Cash Flow Margin((2))   14 %     24 %     20 %     33 % \n\n ____________________ \n ((1)) Net cash provided by operating activities for the six months ended June 30, \n 2026 includes the impact of a $56.1 million payment under Figma’s annual \n corporate bonus program, accrued during the year ended December 31, 2025, with \n no comparable payment in the prior year period. \n ((2)) Free Cash Flow Margin is a non-GAAP financial measure that is calculated as \n Free Cash Flow divided by revenue. \n\n\n \n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260805158853/en/\n(https://www.businesswire.com/news/home/20260805158853/en/)\n\nInvestor Contact: \n\nKate DeLeo\n\nFigma, Inc.\n\nir@figma.com (mailto:ir@figma.com)\n\nMedia Contact: \n\nMichael Amodeo\n\nFigma, Inc.\n\npress@figma.com (mailto:press@figma.com)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-08-05T20:05:01.190550048Z","server_sent_at_ms":1785960301190},"received_at":"2026-08-05T20:05:01.280Z","source_url":"https://www.businesswire.com/news/home/20260805158853/en/"},"analysis":{"id":"99011","press_release_id":"109999","analysis_json":{"industry":{"label":"Software","sector":"Information Technology"},"redFlags":["GAAP operating loss was $(117.3) million compared to non-GAAP operating income of $36.1 million"],"eventType":"earnings","narrative":"Figma reported Q2 revenue of $370.1 million, up 48% year-over-year, marking the third consecutive quarter of accelerated growth and exceeding prior guidance.\n\nThe company recorded a record quarter with Net Dollar Retention of 136% and announced that 80% of customers with over $10,000 in ARR are now consuming AI credits weekly.\n\nManagement raised full-year revenue guidance to a range of $1.463 billion to $1.467 billion, implying 39% growth at the midpoint, driven by sustained seat expansion and AI adoption.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Figma accelerates revenue growth to 48% and raises guidance as AI monetization gains traction."},"keyFigures":{"eps":0.08,"revenue":370100000,"guidance":"Q3 Revenue $373.0M-$375.0M; FY Revenue $1.463B-$1.467B (raised by $40M); FY Non-GAAP Operating Income $125.0M-$135.0M","revenueYoy":"48%","customDimensions":{"fcf":53200000,"ndr":"136%","operating_income":36100000,"paid_customers_gt_10k_arr":15964,"paid_customers_gt_100k_arr":1635}},"quotedText":"Q2 was a record quarter and our first full quarter of AI credit monetization","namedEntities":{"people":[{"name":"Dylan Field","role":"CEO"},{"name":"Praveer Melwani","role":"CFO"}],"products":["Code Layers","Figma agent","Figma Make","Figma Weave Tools","Motion","Shaders","3D Transforms","Skills"],"companies":[{"name":"Figma, Inc.","ticker":"FIG"}],"dollarAmounts":[{"amount":"$370.1 million","context":"Q2 2026 revenue"},{"amount":"$1.463 billion","context":"Full year 2026 revenue guidance low end"},{"amount":"$1.467 billion","context":"Full year 2026 revenue guidance high end"},{"amount":"$40.0 million","context":"Increase to full year revenue guidance"},{"amount":"$53.2 million","context":"Q2 2026 Free Cash Flow"}]},"materialImpact":{"score":5,"reasoning":"Figma delivered a strong Q2 with revenue growing 48% year-over-year to $370.1 million, marking the third consecutive quarter of acceleration. 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