Figma, Inc. (FIG) Earnings Call Transcripts

Figma, Inc.'s Latest Earnings Call - Q1 FY2026

In Q1 2026, Figma, Inc. reported a remarkable 46% year-over-year revenue growth, reaching $333 million, exceeding the high end of guidance. The company also raised its full-year revenue guidance by $55 million, now expecting between $1.422 billion and $1.428 billion, driven by strong seat expansion and AI product adoption. Non-GAAP operating income for the quarter was $52 million, with a margin of 16%. Management highlighted a significant increase in net dollar retention to 139%, the highest in over two years, signaling robust customer engagement and expansion.

Reported metrics

Guidance from management

For Q2 2026, Figma expects revenue in the range of $348 million to $350 million, implying 40% year-over-year growth at the midpoint. Full-year non-GAAP operating income guidance was raised to between $125 million and $135 million.

What management said

I'll also add that we're excited about the different surfaces that you'll see AI consumed on. For example, Weave is something that we're very excited about, and we really believe in the paradigm of node-base editing and the ways that you can create workflows where agents and models are working on the same canvas and you can move between the outputs of the various surfaces.

I'll just add on to the first part of the question around that floor. Well, plus one what Praveer said and also just stress that we always are working to be extremely rigorous about our short-term and long-term thinking. I think there are many aspects around delivering and playing for the big prizes when it comes to these new markets around AI where short-term thinking might create spend, but it's only -- you only en...

What analysts pressed on

Analysts expressed concerns regarding the impact of AI on gross margins, questioning how AI adoption might affect profitability. There were also inquiries about the competitive landscape and how Figma plans to differentiate itself amidst increasing competition.

Main topics on the call

• Revenue Growth Acceleration — Figma's revenue grew 46% year-over-year to $333 million, accelerating from 40% last quarter. Management noted, 'This marks our second consecutive quarter of acceleration in our year-over-year revenue growth.'
• Increased Guidance — Figma raised its full-year revenue guidance by $55 million, now expecting between $1.422 billion and $1.428 billion. This adjustment reflects 'increased paid conversion across our customer base' and 'sustained broad-base...
• Strong Net Dollar Retention — The net dollar retention rate increased to 139%, up 3 percentage points from the previous quarter. This is the highest rate in over two years, indicating strong customer loyalty and expansion.
• AI Credit Monetization — Management expressed optimism about AI credit monetization, stating, 'We're ahead of our expectations,' with over 75% of users exceeding their credit limits continuing to use credits. This is expected to drive further re...

Read the full Figma, Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 4 Figma, Inc. earnings call transcripts on record, spanning November 5, 2025 to August 5, 2026. Based on this history, Figma, Inc. reports quarterly. The most recent call on file is dated August 5, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

FIG

Exchange

NYSE

Country

US

Sector

Information Technology

Industry

Software

Calls on record

4

First call

November 5, 2025

Most recent

August 5, 2026

Reporting cadence

quarterly