NYSE$FIG
Figma Inc · Q4 2025 earnings
Q4 2025 earnings · · After market close
Briefing
Figma, Inc. announced its financial results for the fourth quarter and fiscal year ended December 31, 2025, reporting accelerated revenue growth and strong cash generation.
Figma, Inc. reported a strong fourth quarter for 2025, with revenue reaching $303.8 million, an increase of 40% year-over-year, surpassing previous guidance. The company achieved a non-GAAP operating income of $44.0 million and a 13% operating cash flow margin, driven by platform and AI adoption.
- Fourth quarter revenue increased by 40% year-over-year to $303.8 million, exceeding Figma's guidance.
- Net Dollar Retention Rate rose to 136%, indicating strong customer expansion and platform adoption.
- Non-GAAP operating income for the quarter was $44.0 million, with a 14% non-GAAP operating margin.
- The company generated $39.9 million in net cash from operating activities, achieving a 13% operating cash flow margin.
Headline financials
Revenue & EPS history
Figma Inc · Revenue · Quarterly
$304M
Forward guidance
Figma, Inc. provided optimistic guidance for the first quarter and full year 2026, anticipating continued revenue growth and strong non-GAAP operating income.
Tailwinds
- First Quarter 2026 revenue is projected to be between $315.0 million and $317.0 million, indicating 38% year-over-year growth at the midpoint.
- Full Year 2026 revenue is expected to be between $1.366 billion and $1.374 billion, representing 30% year-over-year growth at the midpoint.
- Non-GAAP operating income for Full Year 2026 is forecasted to be between $100.0 million and $110.0 million.
- The company plans to continue investing in AI and its platform for sustainable, long-term growth.
- Figma's healthy balance sheet and positive free cash flow provide flexibility for strategic investments.
Headwinds
- No specific negative forward guidance points were explicitly stated in the provided text.
- The company's forward-looking statements are subject to risks and uncertainties beyond its control.
- Future operating results and financial condition could differ materially from current expectations.
- The tax rate used for non-GAAP adjustments is subject to change based on various factors, including tax legislation and geographic earnings mix.
- Reconciliation for forward-looking non-GAAP operating income is not available without unreasonable effort, limiting transparency for certain metrics.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 2 quarterly earnings reports · overlaid with Q4 2025
-0.5%
Avg return
Earnings day
+3.8%
Avg return
5 days after
-12.6%
Avg return
30 days after
75%
3 / 4 earnings
Positive
+6.9%
Q4 2025
Best reaction
-19.9%
Q2 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +6.6% | +22.7% | — | |
| Q4 2025 | +6.9% | +13.4% | -1.9% | |
| Q3 2025 | +4.5% | +1.1% | -13.7% | |
| Q2 2025 | -19.9% | -21.7% | -22.1% |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro