On May 15, Figma rose 8.03% in regular trading, trading at $21.64/share, with trading volume of $326 million. The rally was driven by the company's first-quarter earnings report that significantly exceeded market expectations.
Figma reported Q1 revenue of $333.4 million, representing a 46% year-over-year increase and handily beating the consensus estimate of $313 million. Paid user counts surged 54% year-over-year to approximately 690,000 by quarter-end. The company simultaneously raised its full-year revenue guidance to $1.422 billion to $1.428 billion, with Q2 revenue projected at $348 million to $350 million, both above prior market expectations. The strong results were particularly noteworthy given that Figma's AI-powered product, Figma Make, has seen robust adoption among large enterprise clients in recent quarters.
The beat comes as a relief for investors who had grown increasingly concerned about competitive threats from AI design tools developed by companies such as Anthropic. Figma's stock had fallen 46% year-to-date prior to this report amid a broader selloff in software stocks driven by fears that AI could disrupt or render certain software products obsolete. The company, which saw its stock double on its IPO day in August 2025 with a valuation exceeding $60 billion, had since become one of the more notable underperformers among recent listings.
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