Highlights

  • Figma increased second-quarter revenue by 48% to USD 370.1 million and expanded its largest annual recurring revenue customer group.
  • The company reported a USD 117.3 million GAAP operating loss, alongside USD 36.1 million in non-GAAP operating income.
  • Management raised its annual revenue outlook by USD 40 million while forecasting a 9% midpoint non-GAAP operating margin.
  • Figma scheduled third-quarter results for 4 November 2026, following guidance for slower revenue growth than the second quarter.

Revenue growth and profitability are moving at different speeds at Figma (NYSE:FIG), which has scheduled its next earnings update for 4 November 2026. The design platform's second-quarter results showed rapid sales expansion, rising large-customer numbers and broad AI-feature usage. Its reported loss and annual adjusted margin outlook, however, leave the cost of that expansion central to the financial picture.

Revenue and Large Accounts Expand

Revenue for the quarter ended 30 June 2026 reached USD 370.1 million, up 48% from USD 249.6 million a year earlier. Net dollar retention was 136%.

Customers generating more than USD 100,000 in annual recurring revenue rose 46% to 1,635. These figures describe growth in a higher-spending customer cohort alongside the overall revenue increase.

The company also reported that more than 80% of its largest customers used AI credits weekly. The supplied document does not separate revenue from those credits, so usage cannot be translated into a specific contribution to recognised sales.

GAAP Loss Contrasts With Adjusted Profit

Figma reported a GAAP operating loss of USD 117.3 million and a GAAP net loss of USD 112.2 million, or USD 0.21 per share.

Non-GAAP operating income was USD 36.1 million, representing a 10% margin. That measure excludes specified items and should remain separate from the reported operating loss when describing profitability.

Free cash flow totalled USD 53.2 million, a 14% margin. Cash and marketable securities stood at USD 1.7 billion. The cash balance and positive free cash flow provide additional financial context, but do not change the fact that the company recorded a GAAP loss during the quarter.

Annual Revenue Guidance Moves Higher

Management increased the full-year revenue outlook by USD 40 million to USD 1.463 billion–1.467 billion. It guided full-year non-GAAP operating income to USD 125 million–135 million.

The adjusted operating income range implies a 9% margin at the midpoint, compared with the 10% non-GAAP margin reported for the second quarter. The revenue increase and profit guidance therefore need to be considered together rather than assuming faster sales automatically produce a higher margin.

These figures are forecasts, not reported annual outcomes. The source does not provide a separate forecast for revenue generated by AI credits or a quantified allocation of future AI-related spending.

November Update Will Test the Guided Pace

For the third quarter, Figma forecast revenue of USD 373.0 million to USD 375.0 million. The midpoint implies approximately 36% growth, below the second quarter's 48% increase.

The company confirmed the 4 November results date on 14 October 2026. That release will provide the next direct comparison with the guided revenue range and the annual profitability outlook.

The material also reports departures of the chief marketing officer and chief product officer, but does not establish a quantified financial effect. The supported operating evidence remains strong revenue and customer growth alongside a GAAP loss and more restrained adjusted profitability expectations. Any future change in those relationships depends on results still to be reported.