Overview
- Third-quarter revenue reached $274.2 million, up 38% year over year and above expectations, with adjusted EPS of $0.10 and a 12% adjusted operating margin.
- Figma guided fourth-quarter revenue to $292 million to $294 million and raised full-year guidance to $1.044 billion to $1.046 billion, topping consensus estimates.
- The company reported a roughly $1.1 billion net loss for the quarter due to a one-time stock-based compensation expense tied to its July IPO.
- AI adoption continues to build, with about 30% of customers spending over $100,000 annually using Figma Make weekly, alongside a ChatGPT app integration and the Weavy acquisition to extend capabilities.
- Enterprise momentum remained solid with 131% net dollar retention for $10,000+ customers and 1,262 customers over $100,000 in ARR, while shares rose about 2% after hours and remain below IPO levels.