• Reported GAAP EPS of -$0.27 down -775.00% YoY • Reported revenue of $333.44M up 46.12% YoY • Figma raised its full year 2026 revenue guidance to $1.42B to $1.43B, implying 35% year-over-year growth, and projects non-GAAP operating income between $125M and $135M.
Bullish
Figma achieved strong Q1 revenue growth of 46% to $333.4M, driven by accelerated customer expansion and 139% Net Dollar Retention. AI product adoption and robust non-GAAP profitability also contributed.
Bearish
Figma reported significant GAAP operating and net losses, with total operating expenses rising to $402.17M. Net cash used in investing activities also increased to -$7.45M.