Overview
- Figma reported record Q3 revenue of $274.2 million, up 38% year over year, and guided Q4 revenue to $292 million to $294 million, about 35% growth at the midpoint.
- The company added more than 1,000 customers with at least $10,000 in ARR in Q3 and posted a 131% net dollar retention rate for those clients.
- AI efforts include the October acquisition of Weavy, now Figma Weave, and rising engagement with Figma Make, used weekly by 30% of customers generating $100,000+ in ARR.
- CFO Praveer Melwani said the company deepened investments to build for AI‑native workflows, underscoring product differentiation in design software.
- Shares debuted at $33, peaked at $142.92 in August, and touched a 52-week low of $26.79 on Jan. 21, with recent coverage noting a rich valuation including a reported forward P/E near the high-60s at late-January prices.