Figma’s Shares Slide After Strong Q2 Results and Bullish Full-Year Outlook

SAN FRANCISCO, Sept. 3, 2025 - Design-software firm Figma Inc. (NYSE: FIG) reported robust second-quarter results today but saw its stock tumble in extended trading following the announcement.

Figma delivered Q2 revenue of $249.6 million, up 41 percent year-over-year, and posted net income of $28.2 million, compared with a loss in the year-ago quarter. Non-GAAP operating income reached $19.8 million, representing a 5 percent margin, while operating cash flow totaled $62.5 million, or 25 percent of revenue.

The company doubled its product lineup this quarter by rolling out several AI-powered design features, including enhancements to its Figma Make prototype tool, aiming to streamline the end-to-end product-development process.

Looking ahead, Figma raised its full-year revenue guidance to between $1.021 billion and $1.025 billion, implying about 37 percent growth at the midpoint-above the consensus forecast of $1.01 billion. For Q3, the firm projected revenue of $263 million to $265 million, versus analysts’ estimate of $256.8 million.

Despite beating top- and bottom-line estimates and forecasting higher annual revenue, Figma’s shares fell 13 percent in after-hours trading. Investors appeared to take profits after earlier gains, as lingering concerns over valuation-currently near 200 times forward earnings-resurfaced following today’s results.