Figma Posts $391.4 Million in Q3 Revenue and Raises Full-Year Forecast as Shares Fall 7%

Figma reported third-quarter revenue of $391.4 million and raised its full-year forecast, but shares fell 7% in extended trading on November 4, 2026. CNBC reported the results and the after-hours move.

Figma's Quarter Beat Estimates on Revenue and Margin

Figma's revenue grew about 43% year over year, according to a statement, and exceeded the $375.8 million consensus tracked by LSEG. Adjusted earnings per share came in at 10 cents against 5 cents expected. The net loss narrowed to $81.3 million, or 15 cents per share, from a loss of $1.10 billion, or $2.72 per share, a year earlier. The adjusted operating margin of 12% topped the 6.1% consensus among analysts polled by StreetAccount.

Figma lifted its full-year revenue outlook to $1.497 billion to $1.499 billion, up from $1.463 billion to $1.467 billion, and now anticipates an 11% operating margin, up from 9% as of August. Analysts surveyed by LSEG had expected $1.471 billion in 2026 revenue. The company sees fourth-quarter revenue growth slowing to about 33%, while LSEG-polled analysts had predicted 28%.

During the quarter, Figma began giving clients more AI credits while holding prices steady. "What that means is you're potentially trading off near-term revenue, investing in your customers, and then allowing yourself to then grow durably over the long term," finance chief Praveer Melwani told CNBC. Figma said the number of weekly users at organizations spending over $10,000 who used AI credits rose by almost 50% in the quarter, and the share of work performed by its own AI model doubled.

Figma's Revenue Record and Funding History

According to akta.pro company records, Figma's first-quarter 2026 revenue was $333.4 million, up 46% year over year and above analyst expectations of $316 million. Full-year 2025 revenue was $1.056 billion, up 41% year over year, with international revenue growing 45%. The records list nine funding rounds, including a $700 million secondary market round in July 2024 led by Alkeon Capital, Coatue and General Catalyst, and a $415.7 million Series F in May 2024.

Figma's AI Product Push Before Earnings

Figma launched its Design Agent in a closed beta in May 2026, the first AI tool to edit layers, components and styles natively on the Figma canvas, alongside a two-way Figma Make and GitHub integration that treats design changes as local commits passing through standard CI pipelines, according to the same records. In June 2026, Figma stabilized the Model Context Protocol Enterprise-Managed Authorization extension with Okta as first identity provider and Anthropic and Microsoft as supporting clients, embedding Figma as a default MCP server in agentic coding toolchains.

Figma's Analyst Call After Results

Executives were scheduled to discuss the results with analysts on a conference call starting at 5 p.m. ET on November 4, 2026.