Figma (FIG) Q2 earnings report 2025

Figma shares plunged 13% in prolonged buying and selling on Wednesday after the design software program firm reported outcomes for the primary time since its IPO in July.

Here is how the corporate did compared with LSEG consensus:

• Earnings per share: breakeven
• Income: $249.6 million vs. $248.8 million anticipated

Income elevated 41% yr over yr within the second quarter from $177.2 million a yr earlier, Figma mentioned in an announcement. The corporate supplied a preliminary estimate of $247 million to $250 million in a July regulatory submitting. CNBC is not together with a revenue estimate as a result of it is Figma’s first earnings report.

Web earnings totaled $846,000, in contrast with a lack of $827.9 million within the second quarter of 2024. The corporate’s adjusted working earnings got here to $11.5 million, after Figma supplied a previous estimate of $9 million to $12 million.

For the third quarter, Figma forecast income of between $263 million and $265 million, which might signify about 33% development on the center of the vary. The LSEG consensus was $256.8 million.

The corporate sees between $88 million and $98 million in adjusted working earnings for the complete yr and just a little over $1.02 billion in income. The income vary implies about 37% development and is above the $1.01 billion LSEG consensus.

Final yr, Figma picked up extra income from clients because it bought them entry to Dev Mode, which helps software program builders to implement designs that designers create within the firm’s software program. That momentum is placing a damper on income development for the third quarter, Figma co-founder and CEO Dylan Discipline mentioned in an interview.

Within the second quarter, Figma introduced Figma Make, which makes use of synthetic intelligence to compose app and web site designs based mostly on a consumer’s descriptions, and Figma Websites, which turns designs into working web sites. The corporate additionally acquired vector graphics startup Modyfi and content material administration system startup Payload.

Figma has but to begin absolutely charging for AI merchandise, however says it has constructed the underlying prices into its mannequin. The corporate isn’t offering a forecast for third-quarter adjusted working earnings.

Plenty of software program distributors have confronted stress this yr as a consequence of issues surrounding AI and whether or not it should displace enterprise. Discipline advised CNBC that he isn’t seeing that play out internally and that, if something, the function of designers will solely develop into extra essential.

“I feel that the extra that software program turns into simpler to construct with AI, the extra that individuals are going to see that that human contact is required,” Discipline mentioned within the interview. He acknowledged that Figma has been adopting so-called vibe-coding instruments for AI-driven software program growth.

Figma reported a 129% internet retention price, a mirrored image of enlargement with present clients. The determine was down from 132% within the first quarter.

Following its IPO, Figma expects a share sale lockup to run out for 25% some staff’ inventory after market shut on Sept. 4.

Buyers holding simply over half of Figma’s excellent Class A inventory have agreed to an prolonged lock-up, with the ultimate 35% of their shares expiring in August 2026.

Discipline mentioned he wished to offer readability for buyers.

“That is one thing that I feel is effective info,” Discipline mentioned within the interview.

On Wednesday the corporate’s inventory closed at $68.13. The corporate priced shares in its IPO at $33, and noticed the inventory pop to $115.50 in its debut.

Executives will focus on the second-quarter outcomes with analysts on a convention name beginning at 5 p.m. ET.

That is breaking information. Please verify again for updates.

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