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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for Figma, Inc. (FIG) is 9/10.
Figma delivered its largest beat as a public company, with first-quarter revenue of $333 million up 46% year-over-year - a second consecutive quarter of accelerating growth. Net dollar retention rose 3 points to 139%, its highest in over two years, and the paid customer base reached roughly 690,000, up 54%, as AI credit monetization launched March 18 to encouraging early traction. Non-GAAP operating margin was 16% and free cash flow margin was 27%, though gross margin compressed to 82% on deeper AI feature adoption and GAAP results remained a loss on continued one-time IPO stock-based compensation. Management raised full-year revenue guidance by $55 million to $1.422 billion-$1.428 billion (35% growth) and non-GAAP operating income by $25 million to $125 million-$135 million. Momentum spanned seat expansion, enterprise wins including a 35,000-plus-seat deal, and rising Figma Make and MCP adoption.
Scored from Figma, Inc.’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
All prior quarters are free.
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $217M | +50.2% | $0.20 | -87.3% | — | 23.8% | 45.1% | $71M |
| FY2025 Q1 | $228M | +46.1% | $-2.05 | -7421.4% | — | 17.4% | 3.8% | $95M |
| FY2025 Q2 | $250M | +40.9% | $0.00 | +100.1% | — | 0.8% | 0.3% | $61M |
| FY2025 Q3 | $274M | +38.0% | $-2.23 | -6868.8% | — | -414.6% | -400.1% | $49M |
| FY2025 Q4 | $304M | +40.0% | $-0.44 | -320.0% | — | -64.4% | -74.6% | $39M |
| FY2026 Q1 | $333M | +46.1% | $-0.27 | +86.8% | — | -41.2% | -42.7% | $89M |
| FY2026 Q2 | $370M | +48.2% | $-0.21 | — | — | -31.7% | -30.3% | $54M |
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