Figma reports Q3 revenue up 43% YoY to $391.4M, above est., gross margin of 80%, below 81% est., and lifts its 2026 revenue outlook; FIG drops 6%+ after hours (Deborah Mary Sophia/Reuters)
The design platform delivered $391.4 million in quarterly sales, marking a 43% gain compared to the same period last year. Management also increased the company's full-year 2026 revenue forecast following the strong period. However, profitability fell short of targets as gross margins hit 80% against the 81% projected by analysts. This margin pressure immediately dragged down share prices by over 6% in extended trading.
Key points
Figma's top-line revenue momentum remains robust, surpassing analyst targets for the thir…: Figma's top-line revenue momentum remains robust, surpassing analyst targets for the third quarter.
Upwardly revised long-term revenue guidance demonstrates executive confidence in sustaine…: Upwardly revised long-term revenue guidance demonstrates executive confidence in sustained demand through 2026.
A slight miss on gross margin expectations triggered an immediate post-earnings stock sli…: A slight miss on gross margin expectations triggered an immediate post-earnings stock slide exceeding 6%.
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