TLDR
- Figma stock jumps as Q1 revenue rises 46% and AI demand lifts guidance.
- FIG gains after revenue growth accelerates and Figma raises 2026 outlook.
- Figma shares climb as AI tools boost customer growth and yearly forecast.
- FIG stock rallies after Q1 revenue beat and strong enterprise AI adoption.
- Figma raises 2026 guidance after 46% revenue growth fuels stock gains.
Figma (FIG) stock gained fresh momentum after the company reported stronger first-quarter revenue and raised its full-year outlook. FIG closed at $20.24, up 6.86%, before rising after hours to $21.98, up 8.58%. The move followed a sharp spike above $24, although shares later settled below that high.
Figma Revenue Growth Accelerates in Q1
Figma reported first-quarter revenue of $333.4 million for the period ended March 31, 2026. The figure rose 46% year over year and topped the company’s earlier guidance range. Moreover, growth accelerated from 40% in Q4 2025 and 38% in Q3 2025.
The company said broader customer adoption supported the stronger performance. It also pointed to larger seat expansion across organizations and rising use of AI products. As a result, Figma raised its full-year revenue guidance by $55 million.
Figma posted a GAAP operating loss of $137.4 million, with a GAAP operating margin of negative 41%. However, non-GAAP operating income reached $52.1 million, with a 16% margin. The company also generated $88.6 million in free cash flow during the quarter.
Paid Customers and AI Tools Drive Growth
Figma ended the quarter with about 690,000 paid customers, up 54% from a year earlier. Customers with more than $10,000 in annual recurring revenue reached 15,218, rising 37%. In addition, customers above $100,000 in annual recurring revenue grew 48% to 1,525.
The company reported a 139% net dollar retention rate as of March 31, 2026. That marked a three-point increase from the prior quarter and its highest rate in more than two years. Meanwhile, larger customers increased use of Figma Make, MCP, and Figma Weave.
Figma said about 60% of customers above $100,000 in ARR used Figma Make weekly during Q1. MCP weekly active users in Figma Design grew five times from the prior quarter. Besides, customers using Figma’s MCP server expanded full seats faster than those not using it.
Figma Raises 2026 Outlook After Strong Quarter
Figma guided second-quarter revenue between $348 million and $350 million. That range implies 40% year-over-year growth at the midpoint. The company also expects full-year revenue between $1.422 billion and $1.428 billion.
The raised forecast implies 35% annual revenue growth at the midpoint. Figma also expects non-GAAP operating income between $125 million and $135 million for 2026. That outlook points to a 9% non-GAAP operating margin at the midpoint.
The report gave FIG stock a stronger post-earnings setup after its regular-session gain. However, the after-hours move cooled after the early spike above $24. Still, the quarter showed faster growth, stronger cash flow, and deeper AI adoption across Figma’s platform.
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